20# Renko Nitro momentum trading system
Renko chart with Cobra thv template
Submit by Buddy 02/08/2013
These are two Renko Trading Systems based on the template Cobra THV.
Installing the indicators, scripts and templates (ZIP.file)
Unzip the file
Close your MT-platform
Copy/past ALL the indicators by INDICATORS
Copy/past ALL the scripts by SCRIPTS
Copy/past ALL the templates by TEMPLATES
Re-open your MT-platform
For the "NITRO scalping System" setup :
Open "naked" M1 chart (currency pair of your choise)
Add the Renko Ashi-script to this chart
Click OK and accept "rescale BarRange" if you have a 5 digit broker
(don't change the settings)
Open Offline M2-chart (choosen currency pair)
Choose template "NITRO scalping"
For the "THV" setup :
Open "naked" M1 chart (same currency pair as for NITRO scalping)
Add the RenkLiveChart V1.6-script to this chart
Click OK, change Box Size to 50 and click OK
Open Offline M2-chart (choosen currency pair)
Choose template "THV Final"
Important note !
Every time you close your MT-platform or you loose internet connection,
re-insert both scripts on both the "naked" M1 charts
with the same instructions as for the first time.
In the pictures below Renko Trading System systemin action.
Renko Chart Nitro momentum and Cobra: Template, Indicators for Renko and scripts
Renko Chart Trading Systems
Renko Chart Trading Systems: Scripts
Renko Bars
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Write a comment
Holger (Friday, 13 May 2016 22:39)
A usefull system !
tony (Monday, 12 December 2016 10:39)
i cant load chart it freeze my mt4 platform can somebody help