MT4 Renko Trading is a very simple strategy created only for renko chart and Metatrader 4 platform. This is a trend following strategy based on Bollinger Bands as trend filter, fast simple moving average and Arrow with alerts. The main featrure of this trading system is that an very speculative strategy becouse generates many trades with good profittability.
Options:
Buy
In the pictures MT4 Renko Trading in action
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Options:
- Renko box 8 pips or higher.
- Currency pairs EUR/USD, AUD/USD, USD/JPY, EUR/GBP, USD/CHF, EUR/CHF, GBP/USD, NZD/USD, GBP/JPY.
- Arrow with alert.
- Bollinger Bands period 20 deviations 3.0.
- Simple moving average 3 period, close.
Buy
- Renko chart close above meedle band.
- Arrow with alert and simple moving average 3 period crosses upward meedle band.
- Place initial stop loss 2X box size +2 pips.
- Profit Target 2 X box size +2 pips.
- Renko chart close below meedle band.
- Arrow with alert and simple moving average 3 period crosses downward meedle band.
- Place initial stop loss 2X box size +2 pips.
- Profit Target 2 X box size +2 pips.
In the pictures MT4 Renko Trading in action
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