38# Renko chart 350+ pips a day

RSI for retracement trading

Submit by HS410 26/03/2017

 

Renko chart 350+ pips a day is a trend-momentum retracement strategy created for Renko and Median Renko Chart. This strategy is inspired at the classic RSI (3) fast and moving average (100).

Apply renko chart 350+ pips a day 4-6 charts simultaneously. 

This strategy is for intraday or swing trading, It has good profitability.

Renko Box Size 5 pips or more.

Currency pairs: majors.

 

Metatrader Indicators:

No repaintig alerts;

Bollinger bands stop (20:2);

RSI X2 (11, 4).

 

Trading Rules Renko chart 350+ pips a day

Find the currency pairs in trend and apply this template for intraday and swing trading.

 

Buy

RSI X2 alarm <= 30 level;

Bollinger Band Stop Blue line;

Buy alert No repaintig alerts

 

Sell

RSI X2 alarm >= 70 level;

Bollinger Band Stop red line;

Sell alert no repaintig alerts.

 

Exit position place initial stop loss below/above the bollinger bands stop.

Make profit whit determined profit target minimum ratio 1.8 stop loss.

The purpose of this strategy is to get into position after the retracement in a trend.

In the pictures Renko chart 350+ pips a day in action.

Renko chart 350+ pips a day
Renko chart 350+ pips a day
Renko chart 350+ pips a day
Renko chart 350+ pips a day

Renko with BBstop

Comments: 1
  • #1

    Tanya (Thursday, 21 December 2017 10:12)

    hi, system looks good. How do I install it? thanks

Renko chart 350 pips a day.rar
compressed file archive 46.3 KB