28# Renko Adaptive bands trading

Renko Trading

Submit by Lorenz 09/11/2014


Renko Adaptive bands trading system is a reversal strategy based on the TMA Bands.

Currency Pairs:any Index: S&P500, Dow.

Box Size 6pips or more best box si size is 10 pips.

Metatrader Indicators:

FastTMAline (ATR 0.01);

FastTMAline (ATR 3.5);

FastTMAline (ATR 4.2);

FastTMAline (ATR 4.9);

Heiken Ashi 3;

Fisher (period 15)

Repulse 2

EA Renko live chart 3.2.


Trading rules

Buy

Setup:

Price price touchesor bounce lower bands;

Heiken Ashi green color;

Fischer blue bar;

Repulse indicator (Hook up).

Profit target middle band.

Set stop initial loss 10-15 pips below the upper band.


Sell

Setup:

Price price touches or bounce upper bands;

Heiken Ashi red color;

Fischer red bar;

Repulse indicator (Hook down).

Profit target middle band.

Set stop initial loss 10-15 pips below the upper band.

Profit target middle band.

In the picture Renko Adaptive bands trading system.

Renko Adaptive bands trading system.
In the picture Renko Adaptive bands trading system.
Renko Adaptive bands trading.rar
compressed file archive 55.5 KB

Write a comment

Comments: 0