Hi Jessy,
Thank you for your detailed questions — I understand why this can be confusing, so let me clarify everything based on the actual EA settings.
1. About “Allow trading on M1 chart = false”
Yes, in the settings you saw,
M1 is set to FALSE, and that is correct.
This EA is designed to:
- Use M2 (Renko chart) as the main signal source
- Only allow trading based on the selected timeframe settings
In this configuration:
- M2 (Renko) = TRUE → main trading logic
- M1 = FALSE → not used for signal generation
However:
You still need to attach the EA on an
M1 chart (live chart) because MT4 requires a live chart to execute trades.
So:
- M1 = execution environment
- M2 = signal logic
2. Why do we need both M1 and M2 charts?
Even though trading logic comes from M2:
- M2 (Offline Renko) → Generates signals
- M1 (Live chart) → Executes orders
MT4 cannot execute trades from an offline chart.
That’s why both charts must be open.
3. Are XAUUSD settings different from previous posts?
No —
they are exactly the same.
The settings you see are already optimized for XAUUSD:
- No changes needed
- Ready to use
4. What about BTCUSD settings?
Also the same — no difference from previous settings.
Everything is already adjusted.
5. About BTC spread differences (Taurex vs Axi)
You are correct — spreads vary by broker.
In your current setup:
- The EA uses Maximum allowed spread = 160 points
Recommendation:
- For brokers like Taurex (high spread) → increase this value
- For brokers like Axi (low spread) → keep it lower
Example:
- High spread broker → 5000–6000
- Low spread broker → 1200–1500
6. Do you have any suggestions?
Yes, very important:
I strongly recommend testing on a
DEMO account first
So you can:
- Understand how the EA behaves
- See how it reacts in sideways and trending markets
- Adjust settings if needed
7. What are your monthly fees?
- FREE → via IB / referral
- $5 per month
- $50 lifetime
8. Do you offer support?
Yes, of course.
You can contact me via Telegram:
@waroengpublisher78
If anything is still unclear, feel free to ask anytime.
I’m here to help you use the EA properly and safely.
Best regards,