19#Renko Charts Strategy: Ichimoku breakout

Ichimoku trading with Renko Charts

Submit by Buddy

 

Box Size 5 pips or higher.

Markets: Forex, Stocks, Gold, Silver, Corn, and Oil.

 

 

Box Size 5 pips or higher.

Markets: Forex, Stocks, Gold, Silver, Corn, and Oil.

 

Metatrader indicators:

ZB-Cloudlines indicator;

ZB-Cloudcandle indicator;

Bollinger Band Stop Indicator V.4;

Support and Resistance lines 4H:

Candle closing Time.

 

Ea or Script Renko: Renko live chart.

In this Strategy i share Renko live chart 3.4 and Scripts live chart.

To see here how to install Renko Charts on the Metatrader 4.

 

Buy

To buy the blue dots have to be below, and there has to be a single confirmed green candle before that.

 

Sell

To sell the red dots have to be above, and there has to be a single confirmed red candle before that.

 

Exit Position for Ichimoku breakout also with renko chart is discretionary but I recommended exit on the levels of the support and resistance because the profitability is higher and there is minus stress by trading.

 


In the pictures Renko Charts Strategy: Ichimoku breakout forex system in action.

Renko Charts Strategy: Ichimoku breakout
Renko Charts Strategy: Ichimoku breakout
Renko Charts Strategy: Ichimoku breakout
Renko Charts Strategy: Ichimoku breakout

Share your opinion, can help everyone to understand the forex strategy.

Forex indicator
Ichimoku Indicators.rar
compressed file archive 44.4 KB
Trading System Template for Renko Charts
ichimoku breakout with renko chart.rar
compressed file archive 2.0 KB
Trading System
RenkoLiveChart_v3.4.rar
compressed file archive 9.5 KB
Ichi breakout Templates
Ichimoku Templates.rar
compressed file archive 4.2 KB
Renko charts Scripts
RK-Renkoashi_scriptwWicks.rar
compressed file archive 2.7 KB

Write a comment

Comments: 1
  • #1

    ahmad (Friday, 28 June 2013 18:47)

    thanks to share this strategy,but i want to ask that the ea will run on witch timeframe m1 or any other..