Forex Strategy "Renko Timing»

As the name implies, forex strategy "Renko Timing» designed for RENCO schedules, we have not once looked at strategies for this type of schedule, a complete description of the process of obtaining Renko chart in MT4 terminal you can find at

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This strategy is based on a rather simple indicators and, consequently, the trade rules as not particularly original. We are primarily interested in the author's application strategy effectiveness. According to him the strategy is able to generate about 300 pips per month. Given the fact that trade is conducted only for one currency pair (although it is possible that the strategy can be adapted to other couples), this result is quite significant. Due to the nature RENCO display charts in the terminal MT4 we could not verify the long period of this strategy, but also proven period (from January 1 to February 10, 2016) more than confirmed the words of the author.

So in January 2016 for the profit of the order of 340 items has been received, and for the first 10 days of February as many as 430 !!!. It should also be noted that the signals on it very much, for this period were processed about 70 trading signals, so it's time to trade this strategy will require not a few.

Currency pair - GBP / USD

The time interval in the form of graphs does not matter. brick size 10 points (4-digit broker)

Indicators (you can download them at the end of this article):

1) Timing indicator with a period (7; 0) and added to the levels 70 and 30.

2) Indicator Heiken Ashi

3) LED DED with a deviation of 2.

Conditions for entry on the purchase of forex "Renko Timing» strategy:

1) timing indicator touched or (better yet) is below 30. After that he painted from orange to blue.

2) Heiken Ashi indicator turns blue.

3) LED DED at the close of the last brick was fixed below the price and turn green.

4) As soon as all the signals received at the opening of the next brick opens the transaction for the purchase.

5) Stop-loss is set lower by 3-5 points last circle DED indicator corresponding to the last closed brick, but not less than 25 points.

6) As we move prices and move DED indicator circles stop-loss (as in the positive zone, and in the negative) adjustable to 3-5 points below the latter finally formed a circle, even if the clubs suddenly fall a little (it happens).

7) Take-profit set at a distance of 10 bricks (100 points) from the entry point.

8) As long as there is an open transaction, other signals are not traded.

Conditions for entry on sale in "Renko Timing» strategy:

 

1) timing indicator touches or is above the level of 70. After that he painted from orange to red color.

2) Heiken Ashi Indicator turns red.

3) LED DED at the close of the last brick in the chart, the price was fixed above and highlighted in pink.

4) As soon as all the signals at the opening of the next bricks were prepared to open a deal to sell.

5) A safety stop-loss order is set to be higher by 3-5 points last circle the DED indicator, corresponding to the last closed brick, but not less than 25 points.

6) As you move the price on the chart and move DED indicator circles, stop-loss insurance (both in the positive zone, and in the negative) is rearranged by 3-5 points above the last finally formed a circle, even if the clubs suddenly rise a little (and such it happens).

7) The order of profit taking - take profit set at a distance of 10 bricks (100 points) from the point of entry into the transaction.

8) As long as the deal is open, other signals are not traded.