Step 1: Download the Tick Data Manager (see: ). This post describes how to test parameter settings of EA MPGO using Renko Bars. For testing M2 time frame Using Tick Data Manager to create Renko bars in the strategy tester.For life trading you have to create Renko bars on M1 time frame with a separate EA (such function also integrated in EA MPGO) which generates off-line graphs based on Renko (M2).That means that trading and testing on Renko bars is not possible without using some additional tools: In MT4 there is no time frame available to create Renko bars. Renko bars has the advantage that they are not time based but only based on price action. In this Instruction we will teach you how to test any Expert Advisor in Metatrater 4 at Renko Live Chart (exotic bars)ĮA MPGO – Using Strategy Tester and Renko bars:īasically traders prefer to trade when markets are moving (price action).
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