Renko Star Indicator MT4 (Platform build 1441+)
Subscriptions for Special Plan
- 30 EA package is more economical!
- Special package with 99%
- Download 1 EA/Day
Subscriptions for Premium Membership
- Download Unlimited in 1 Year
- Get 100% Discount
- Get free access to all
Subscriptions for Gold Membership
- 1 Year Membership
- Get 100% Discount
- Access EA+Indicator+Course
Frequently bought together 🎁
Add these products to enhance your purchase
What is Renko Star Indicator?
Renko Star MT4 is a professional indicator designed to be compatible with the Metatrader 4 (MT4) platform. The indicator integrates professional features and is used for Renko charts and achieves accurate analysis performance.
🔹Vendor website: Click here
About the author
This product is compiled by Abdulkarim Karazon. This Germany author has more than +2 years of experience working on MQL5 with many famous products such as Renko Star, StalkeR Arrow, Payne Trend and others. Among them, Renko Star is his best performing product.
Renko Star MT4 Overview
Features and Usage of Renko Star MT4
1. Key features:
🔹Renko Chart Trading: Designed specifically for use with Renko charts.
🔹Backtesting Dashboard: Provides essential trading data such as win rate and points won.
🔹Automatic TP and SL: Calculates Take profit (TP) and Stop loss (SL) levels based on ATR multiples.
🔹Signal Generation: Provides buy and sell signals indicated by arrows.
🔹Exact Signal Marker: A yellow marker pinpoints the exact signal price.
🔹No Repaint/Repaint: Signals are not modified after the fact.
🔹Customizable Parameters: Allows users to adjust settings for optimal performance.
🔹Alert Function: Provides customizable alerts.
🔹Customize Dashboard: Allows users to adjust the location of the dashboard.
2. Usage:
🔹Apply Indicator: Attaches the Renko Star indicator to a Renko chart.
🔹Signal Interpretation: Open buy or sell positions based on the indicator arrows.
🔹Risk Management: Set Take profit and Stop loss levels as recommended by the indicator.
🔹Parameter Optimization: Experiment with different parameter values to improve results.
🔹Dashboard Analysis: Monitor backtest data to evaluate performance.
Renko Star Indicator MT4 Review
The Renko Star system prominently displays its performance metrics in a magenta-colored box on the top left of the charts. While the exact numbers vary slightly across the different currency pairs, the structure of the statistics remains consistent, allowing for a comprehensive evaluation.
Renko Star Indicator MT4 Review
Renko Star Indicator Review
Renko Star MT4 Review
Recommended Settings
Recommended settings and parameters to pay attention to from developers and experts:
| Features | Type |
|---|---|
| Trading platform | MetaTrader 4 (MT4) |
| Currency pairs | Any pairs |
| Time frames | Any times |
| Product type | NoDLL / Fix |
| Additional services | Unlock and Decompile |
| Recommended brokers | Exness Broker, HTFX Broker |
| Recommended VPS | MyfxVPS.com ( Blue VPS, Golden VPS). Lowest Latency, 2 week Free Trial, 100% Free for 12-18 Months. |
>>> Reviewed by David Easton
Product Download Package?
The download package of the product suite includes:
✅ Candle_Timer.ex4
✅ RenkoStar_fix.ex4
✅ RenkoChart_Remote_fix.ex4
Conclusion
In short, Renko Star is a powerful and precision-driven indicator specifically tailored for Renko chart traders on the MetaTrader 4 platform. With a feature-rich design that includes automatic TP/SL based on ATR, non-repainting buy/sell signals, customizable alerts, and a backtesting dashboard, it offers everything a trader needs to analyze price movements effectively and make informed decisions. Its standout attribute—accurate signal generation using a clean, visual interface—makes it ideal for traders who prioritize clarity and confidence in their strategy execution.
User Reviews
Only logged in customers who have purchased this product may leave a review.
❓ Is Renko Star MT4 compatible with standard candlestick charts?
No, Renko Star MT4 is specifically designed for Renko charts and may not provide accurate signals when used with traditional candlestick time-based charts.
❓ Does the Renko Star indicator repaint signals after they appear?
No, Renko Star is a non-repainting indicator, meaning the signals remain fixed once generated, ensuring transparency and reliability.
❓ How are Take Profit (TP) and Stop Loss (SL) levels calculated?
TP and SL levels are automatically calculated based on ATR (Average True Range) multiples, ensuring adaptive risk management across different market conditions.
❓ Can I use Renko Star MT4 on any currency pair or asset?
Yes, the indicator supports any currency pair or asset that is compatible with Renko charts in MT4.
❓ What are the arrows and yellow markers on the chart used for?
The arrows indicate Buy or Sell signals, while the yellow marker shows the exact price at which the signal was generated for better trade entry clarity.
❓ Does Renko Star MT4 come with a performance dashboard?
Yes, it includes a customizable backtesting dashboard that displays key metrics such as win rate, points gained, and signal history.
❓ Are there alert options for new trade signals?
Yes, the indicator features a customizable alert function to notify users via sound, popup, or push notifications when a new trade signal is generated.
❓ How do I attach the Renko Star indicator correctly to a chart?
You must first generate a Renko chart using a Renko chart generator, then attach the Renko Star MT4 indicator to that chart for it to function properly.
❓ Can I customize the indicator settings to fit my strategy?
Yes, Renko Star MT4 offers fully adjustable parameters, allowing you to optimize the indicator to suit your personal trading strategy and risk profile.
❓ Is Renko Star MT4 suitable for beginners?
Absolutely. The indicator is simple to interpret, with clear visual cues (arrows and dashboard), making it suitable for both new and experienced traders.
🔥 Get This EA for FREE with Our Membership! 🚀🚀
Unlock access to this EA, premium Indicators, and exclusive trading tools completely FREE with any of our Membership Plans! Thousands of traders already benefit from our VIP library—join them and level up your trading instantly. Choose Your Membership:
- SPECIAL – 1 Month Membership
- GOLD – 1 Year Membership
- PREMIUM – 1 Year Membership
-
Original price was: $199.00.$25.00Current price is: $25.00. -
Original price was: $439.00.$199.00Current price is: $199.00. -
Original price was: $399.00.$100.00Current price is: $100.00. -
Original price was: $399.00.$100.00Current price is: $100.00.
-
1Original price was: $149.00.$25.00Current price is: $25.00. -
0Original price was: $199.00.$25.00Current price is: $25.00. -
1Original price was: $297.00.$25.00Current price is: $25.00. -
0Original price was: $399.00.$25.00Current price is: $25.00.
There are no reviews yet.