5) Drag the Expert Advisor on the chart, select Allow live trading and enable Expert Advisors. Also enable Allow DLL imports and Allow import of external experts. 6) After some time you will see text RenkoLiveChart on the left upper chart corner and a smiley face in the right upper chart corner. ) After that go to Menu->File->Open Offline and find your currency pair chart with non standard 2 minutes (M2) time frame. Then open this chart. You will see the Renko chart: You can now configure the chart to your own preference, the main one being box size as previously mentioned. The box size is simply the number of pips a box has to fill to complete, so if you had a box size of 3 obviously this would complete a lot quicker than a box size of 10.
The box size we use depends on the type of trading we want to do and our own personal trading style. Renko EA useful configuration options: RenkoBoxSize Size of one renko box . RenkoTimeFrame Non standard timeframe for offline Renko chart. ShowWicks show wicks on renko chart, of show clean renko boxes. So now we should have our indicators downloaded and installed in our MT4 application and have our Renko EA installed and running.