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61# Nasdaq 100 Trading with Renko

Ichimoku with Moving Average, Price Action.

Trading volatility pairs with renko chart.

Submit by Maximo trader

 

Nasdaq 100 Trading with Renko is a trading system based on the renko chart for volatility pairs.The system is based on a combination of Heikin ashi smoothed, Ichimoku with support and resistance. In other words, the system generates trades when it breaks ichimoku cloud on the upside, and in the direction of the trend following the indications of Heiken Ashi Smoothed.

Setup Strategy

Box Size 350, 400, 500 pips of the Nasdaq.

For other currency pairs from 4 to 10 pips.

Metatrader 4 indicators;

Advanced moving average (periods 12, 3, 6).

Smoothed Heiken Ashi (2,4,1,3).

Simple Moving Average 3 periods (3 periods applied previous indicator 'data).

SR Advanced Zone (support and resistance level).

Fractals levels indicator.

ZB Cloud lines (8, 29, 34).

Accelerator oscillator.

 

Trading Rules Nasdaq 100 Trading with Renko

Buy

Price above kumo.

Heiken ashi smoothed blue bar below the candle.

Support at the previous swing low.

Fractal arrow below the support line.

Accelerator blue bar.

 

Re-entry:

The price rebounds from the kumo.

Support at the previous swing low.

Fractal arrow below the support line.

Heiken ashi smoothed blue bar below the candle.

 

Maximum two returns in the same direction.

Nasdaq 100 Trading with Renko
Nasdaq 100 Trading with Renko
Nasdaq 100 Trading with Renko
Nasdaq 100 Trading with Renko

Sell

Price below kumo.

Heiken ashi smoothedwhite bar above the candle.

Resistance at the previous swing High.

Fractal arrow above the resistance line.

Accelerator white bar.

 

Re-entry

The price rebounds from the kumo.

Support at the previous swing low.

Fractal arrow above the candle

Heiken ashi smoothed white bar above the candle.

 

Maximum two returns in the same direction.

Nasdaq 100 Trading with Renko
Nasdaq 100 Trading with Renko
Nasdaq 100 Trading with Renko
Nasdaq 100 Trading with Renko

Note

There are two options to re-enter when the blue/withe candle forms within the Kumo with the conditions set or when the price exits the Kumo.

The first approach is more aggressive. the second is conservative, but it should be emphasized that the aggressive approach can work well with renko charts.

 

 

Exit position

Place initial stop loss below/above the previous swing (high/low).

Make profit when Moving averages changes direction.

 

Examples of trades

Nasdaq 100 Trading with Renko
Nasdaq 100 Trading with Renko
Nasdaq 100 Trading with Renko
Nasdaq 100 Trading with Renko
Nasdaq 100 Trading with Renko
Nasadq 100 trading with rwnko.rar
compressed file archive 43.3 KB
Comments: 2
  • #2

    Admin (Saturday, 12 December 2020 09:21)

    The files are MT4!

  • #1

    philemon isoa (Saturday, 12 December 2020 07:11)

    can you please change the file format? is not showing on mt4. thanks

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