Renko trading using proven strategy

iHarvest Renko Strategy

Hey campers

Right here is my method of trading RENKO small traits throughout the morning hours of Europe market and through NY open. This technique could be very worthwhile and will be traded by most individuals which have the required self-discipline.

The principles:

1. Verify that you've a established development using visible affirmation. This may be executed on the H1 and the 6pip renko chart. See Put up 13
2. Search for entries near the hour (8 am 9 am 10 am...13,14,15,16)
3. At all times place a SL beneath the final swing and ensure the TP is larger or equal to the SL
4. Attempt to commerce stay micro heaps so that you just truly be taught one thing....
5. By no means ever ever pay for an EA as the one individual making constant cash is the proprietor!

Overview of trading RENKO using begin of European session

Right here a abstract for this 12 months using a small stay account. Nonetheless testing heaps....

Hooked up Picture (click to enlarge)

Some movies from my Youtube....

Two promote trades ....

Hooked up Picture (click to enlarge)

Renko Symbols and brick measurement
EURUSD 2 pip
GPYJPY 3 pip
AUDCHF 3 pip

MA's 12,24,36 all exponential
Heiken_Ashi 8,5
Development MA 130
Guppies (commonplace settings)

To obtain all instruments and indicators go to my renko instrument thread. or right here the hyperlink to my google drive. Do not be confused by the identify Titan dealer. I'm trading with a buddy of mine (Stefan... he's a swiss dealer.. actual swiss, not an import like me 🙂 . Nice man and he trades reversals using some automated instrument that I developed for him. The entire stuff is within the set up plus a clear MT4 that may be use optionally)

Posting to string is restricted as a result of monumental quantity of extremely mental entries.... it confuses me and in addition threatens my (in)sanity.

Discussing precise trades taken will be executed using the hyperlink beneath and is open to all which have a mind and have determined to make use of it 🙂
https://www.forexfactory.com/showthread.php?t=743756

BELOW is WORK in PROGRESS

Patterns that can show alarms within the GuppyCandlePattern Indicator

1. WorldChange: When the worth strikes kind one facet of the Guppies to the opposite facet
2. Hook: Three down and one up (It's legitimate provided that flip round candles keep inside the Guppies
3. Dash (3 quick candles with little or no quantity)

Hooked up Picture (click to enlarge)