50# Renko arrow with Real MACD

MACD as Filter

Renko trading with arrow.

Submit Kris

 

Renko arrow with Real MACD is a trend following strategy based on renko chart. The trend arrow is filtered by fast MACD. This strategy is only for renko chart.

Box Size 3 pips or higher.

 

Currency pairs majors.

Metatrader Indicators

Renko live chart indicator

Renko arrow

Fast MACD oscillator (5, 15, 1).

 

Trading Rules Renko arrow with Real MACD

Buy

Swing arrow buy.

Fast MACD oscillator > 0

Make profit options:

profit target predetermined (example 3 pips box size 15 pips)

exit at the opposite arrow

Initial stop loss on the previous swing low.

 

Sell

Swing arrow sell.

Fast MACD oscillator < 0

profit target predetermined (example 3 pips box size 15 pips)

exit at the opposite arrow

 

Initial stop loss on the previous swing low.

In the picures Renko arrow with Real MACD in action.

Renko arrow with Real MACD
Renko arrow with Real MACD
Renko arrow with Real MACD
Renko arrow with Real MACD
Renko arrow with Real MACD
Renko arrow with Real MACD

Share your opinion, can help eveyone to understand the forex strategy.

Comments: 0
Renko arrow with Real MACD
Renko arrow with Real MACD
Renko arrow with Real MACD.rar
compressed file archive 42.9 KB