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)

Smart Renko Trading: Timing Entries with Trend, TMA, and Momentum"

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

Smart Renko Trading: Timing Entries with Trend, TMA, and Momentum"

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Comments: 0

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.

Comments: 7

#7
Lubu (Thursday, 26 September 2024 18:07)

Yugo moju lumato thira kinumano
#6
emre can (Tuesday, 26 February 2019 22:45)

slm
#5
Phumlani (Thursday, 13 September 2018 12:04)

Hi how can I set my traditional Renko bars to be fixed once they appear
#4
Angel del Olmo (Sunday, 05 November 2017 16:06)

Crazy repainting
#3
dony (Tuesday, 31 March 2015 04:47)

No example for sideways condition ?
#2
cyberom (Thursday, 29 January 2015 21:33)

Simple and i think profitable in the long term, thanks for the great share !
template is nice
#1
chuks (Friday, 06 June 2014 21:04)

Thanks for the renko i like it.

cheers.