42# Renko Chart with Yang Trader
Trend Reversal Trading
Metatrader 4 is a new frontier for online trading.
Submit by Leon Tabarez 29/06/2014
Renko Chart with Yang Trader is an idea for trading very interesting. Momentum indicators that filter Yang trader on Renko chart. The results are incredibles low risk ratio. Renko Chart with Yang Trader is a momentum strategy.
Trading major currency pairs and Indices.
Box size 3-4 pips or higher.
Forex Strategist stops (3, 14),
Forex Strategist SR,
Yang Trader Main.
Forex Strategist DI
Forex Strategist 12 period,
Forex Strategist RSI,
Forex Strategist stochastic oscillator (12, 3, 4).
Double Mean Renko Builder for Median Renko.
Renko Live chart indicator.
Trading rules Renko Chart with Yang Trader
Yang Trader Main buy arrow.
RSI blue color
Stochastic oscillator crosses upward.
Yang Trader Main sell arrow.
RSI red color
Stochastic oscillator crosses downward.
Exit at opposite arrow or with predetermind profit target, example for day trading 10 pips PT. Initial stop loss at the previous swing high/low.
You can use this strategy also with median Renko In the folder there is a median renko indicator.
Tip: Install also Yang trader and compiles these two indicators.
In the pictures Renko Chart with Yang Trader in action.
Share your opinion, can help everyone to understand the forex strategy.