30# Renko Channel System
Renko chart trading with the channel.
Submit by Marion 11/03/2015
Renko Channel System is a trend following system with the price channel lines (Fast TMA Bands line).
Chart Renko, with box size 5- 10 pips.
Currency Pairs: majors.
Fast Tma Lines,
KG Renko Rangew Bars,
Support and resistance Barry,
EA Renko: B625Renko live chart, renko live chart 3.2, 3.3
Trading rules renko channel system
price hits the lower bands
Heiken Ashi blue,
MA 50 in above the slow ma 100,
The timing indicator is below 30 level and crosses upward.
Heiken Ashi red,
price hits the upper bands
MA 50 in under the slow ma 100,
The timing indicator is above 70 level and crosses downward.
Stops placed outside the signals bar upper or lower band or at the level of the "Support & Resistance Barry.
Profit target, at the middle band.
In the picture renko channel in action.