45# Trix 4 Kids Strategy
Trix 4 Kids with Renko chart
Renko trend strategy
Submit by Carl
Trix 4 Kids Strategy is a very simple trading system based only on trix indicator. This strategy is suitable only on renko chart. Trix 4 Kids Strategy is for day trading and the signal are generates from the crosses of the trix when the two lines have the same colour.
Renko box size 3-4 pips for day trading, 5 or mor pips for swing.
Trading sessions: London and New York.
Currency pairs majors with low spreads.
Trix 4 kids settting:
fast period 20, close.
Slow period 30 close.
This indicatore has also as option to show the divergence, but in this trading system I do not trading with divergence.
Trading rules Trix 4 Kids Strategy
Fast line and slow line crosses upward and are green.
Initial stop loss at the previous swing low or 10 pips – 12 pips
Fast line and slow line crosses downward and are green.
Initial stop loss at the previous swing high or 10 pips – 12 pips.
Make profit 8 pips with renko box 3 pips.
Make profit 10 pips with renko box 4 pips.
This simple strategy is suited to the use of the martingale as money management.
In the pictures Trix 4 Kids Strategy in action.
Share your opinion, can help everyone to understand the forex strategy.