65# Renko Trend Strategy

Submit by Janus Trader
Renko Trend Strategy is avery simple renko trend following strategy based on renko chart. The strategy structure is very simple you have a trend arrow filtered by a trend momentum indicator. The strategy structure is very simple you have a trend arrow filtered by trend momentum indicator.

Setup renko box

For currencies: SCALPER:

Renko box size _1 or 2,

Day trader: Renko box size _4 or 5,

Swing trader: Renko box size _10 or 15,

For high volatility assets (gold, silver, nas, SMP, etc.)

SCALPER: Renko box size _50, Day trader: Renko box size _100, Swing trader: Renko box size _200,

Metatrader 4 indicators

arrow swing signal

Half Trend amplitude (2)

candle direction

Dynamic direction

Renko trend

Renko builder

Trading rules Renko Trend Strategy

Buy

Swing arrow buy.

Half trend buy arrow.

Renko trend green bar.

Optional

Candle direction green squares depebds by numbers of box sizes.

Dynamic direction >55.

Sell

Swing arrow sell.

Half trend sell arrow.

Renko trend red bar.

Optional

Candle direction red squares depebds by numbers of box sizes.

Dynamic direction >55.

Exit position

Place initial stop loss at the previuos swing high/low.

Make profit with ratio stop loss 1:1.25 exit at opposite arrow.

This type of strategy also works well with range bar charts.

Example of trades.