16# Smart Renko Trading: Timing Entries with Trend, TMA, and Momentum"
Janus Trader 2025
This strategy uses Renko charts to filter out market noise and focus on significant price movements. It combines a trend indicator, an overbought/oversold indicator (TMA Bands), and a momentum indicator to confirm entries. This setup is designed for use on MetaTrader 4 (MT4) with Renko box sizes of 4–5 pips or higher, making it suitable for scalping or intraday trading.
Setup
Platform: MetaTrader 4 (MT4)
Chart Type: Renko (Box size: 4-5 pips or higher)
Timeframe: M67 (or equivalent Renko chart, not tied to time)
Indicators
TMA Bands (Triangular Moving Average)
Period: 56
Deviation: 2.6 (default)
Purpose: Identify dynamic support/resistance and overbought/oversold zones
Trend Timing Indicator: default settings.
Purpose: provide directional bias and signal reversals (buy/sell arrows)
Momentum Indicator default settings;
Displayed below the main chart purpose: Confirm entry timing based on strength (green/red slope)
Trading Rules
Buy Setup
Price Condition:
Renko box touches or moves below the lower TMA Band (oversold area)
Trend Confirmation:
A blue or cyan up arrow appears from the trend indicator
Momentum Confirmation:
Momentum line is turning green and sloping upward
Optional Filter:
Avoid trades when price is in the middle of the TMA band unless momentum is very strong
Sell Setup
Price Condition:
Renko box touches or moves above the upper TMA Band (overbought area)
Trend Confirmation:
A red or yellow down arrow appears from the trend indicator
Momentum Confirmation:
Momentum line is turning red and sloping downward
Optional Filter:
Avoid choppy price zones or flat momentum
Exit Rules
Profit Target:
Fixed target: 10–20 pips
Or exit when the opposite signal appears (e.g., blue arrow during a short trade)
Stop Loss:
Below the recent swing low (for buys)
Above the recent swing high (for sells)
Or place SL just outside the TMA band
Trailing Stop:
Can be used to lock in profit after price moves in favor (optional)
Conclusion
This Renko-based strategy is effective in trending markets and during volatility spikes.
The combination of TMA bands for entry zones, the trend indicator for signal timing, and the momentum
indicator for confirmation provides a robust framework to improve trade accuracy. Always test the strategy in demo
conditions and consider integrating risk management principles for consistency
16# Renko Chart with Aizig Trading System
Renko Trend following Strategy
Submit by JamesUK 02/11/2012
Renk Size Box 5 or higher ( I set 10Box size).
Currency pairs:any.
Indicators:
Heiken Asci MA T3;
Aizig;
Semafor;
Buy:
When appear green arrow.
Sell:
When appears Red arrow.
Exit Position
1)When appears opposite arrow;
Profit target 25-30 pips depends by Currency pairs and Box size (10 box size) and Stop loss 25 pips;
Profit Target 35-45 pips depends by Currency pairs and Box size (20 box size) and stopo loss 35 pips;
4) Exit position on support and resistance.
In the picture Renko Chart with Azig forex system in action.

Share your opinion, can help everyone to understand the forex strategy.
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#7
Yugo moju lumato thira kinumano
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#6
slm
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#5
Hi how can I set my traditional Renko bars to be fixed once they appear
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#4
Crazy repainting
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#3
No example for sideways condition ?
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#2
Simple and i think profitable in the long term, thanks for the great share !
template is nice -
#1
Thanks for the renko i like it.
cheers.
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