626# Double Reversal Signals System
Renko Signals System
Submit by Jeff 17/02/2015
Double reversal Signals system is a strategy trending and reversal that you can use also with Renko chart.
Time frame h1 or 240 min.
Currency pairs majors (EUR/USD, GBPUSD, USD/CHF, AUD/JPY, AUD/USD, NZD/USD, NZD/JPY).
Setting for with renko chart:
Renko Box Size 10
Renko Box offset 0
M2 or M4
Metatrader Indicators:
Bulls Eyes (filter indicator);
Arrow indicator;
Reversal signal MTF;
Zig Zag indicator;
EA: Renko live chart 3.2
Trading rules Double Reversal Signals System
Long Entry
MTF Reversal Arrow o (Buy) filtered by green bar bulls eyes indicator.
Short Entry
MTF Reversal Arrow (Sell) filtered by red bar bulls eyes
indicator.
Exit at the opposite signal (arrow ). but is good a ratio 1.3 initialt stop loss.
With the renko chart there are the same rules but there is the advantage that the chart is more clean.
See examples Double Reversal Signals System in action.
Write a comment
hassan shahzad (Saturday, 14 October 2017 07:30)
its Looking Great System For renko...i will post back again after trying it on Renko charts...thanks for sharing
Gilbert (Wednesday, 14 March 2018 06:13)
any Mq4 for this System plz ? thanks