DsForexPro

A 90% Winning Strategy - Simple but effective

FX:EURUSD   Euro Fx/U.S. Dollar
773 2 7
Guys ! we all know about Renko Charts, you can use this strategy which is really basic, simple but very very effective. For making good profit it's not that you need loaded Indicators and systems, sometimes a very basic system turns to be effective. Here i am discussing a system which always works. Clear entry and exit rules, you can use this system for scalping on 5 minutes to 15 Minutes charts as well but i suggest go with 1Hr chart for maximum profit.
Requirements
1) Renko Chart
2) 20 Period Moving average - Simple or Expo no matter.
3) MACD with standard settings.

Now let's see when we have to take Long or Short entry:

Long Entry Rule:
Renko Chart create a Blue Candle Which is crossing above 20 period Moving Average then take Long on closing of candle. - EMA shape points upwards and MACD crossing up for Long entry. Exit rule is Simple, as Renko chart form first Red candle exit trade on closing of candle.

Short Entry Rule:
Renko Chart create a Red Candle Which is crossing Below 20 period Moving Average then take Short on closing of candle. - EMA shape points Downside and MACD crossing down for Short entry. Exit rule is Simple, as Renko chart form first Blue candle exit trade on closing of candle.
aksc.000
4 months ago
Hi! This strategy is great. How many pips do you use on the Renko Chart? (Thank's for sharing)
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nayanmipun
16 days ago
nov 23, 2016, I trade with 1 day and then the 1 hour timing, without the movies averages and MACD, the Renko is very predictive and does not have much of noise for the price, in fact this is 1 of the best indicators for prediction, usually the best also can be to go for a .80 and ten .10 ticks, and main issue here is to go for the smoothest Renko signals,
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