28# Renko Adaptive bands trading
Renko Trading
Submit by Lorenz 09/11/2014
Renko Adaptive bands trading system is a reversal strategy based on the TMA Bands.
Currency Pairs:any Index: S&P500, Dow.
Box Size 6pips or more best box si size is 10 pips.
Metatrader Indicators:
FastTMAline (ATR 0.01);
FastTMAline (ATR 3.5);
FastTMAline (ATR 4.2);
FastTMAline (ATR 4.9);
Heiken Ashi 3;
Fisher (period 15)
Repulse 2
EA Renko live chart 3.2.
Trading rules
Buy
Setup:
Price price touchesor bounce lower bands;
Heiken Ashi green color;
Fischer blue bar;
Repulse indicator (Hook up).
Profit target middle band.
Set stop initial loss 10-15 pips below the upper band.
Sell
Setup:
Price price touches or bounce upper bands;
Heiken Ashi red color;
Fischer red bar;
Repulse indicator (Hook down).
Profit target middle band.
Set stop initial loss 10-15 pips below the upper band.
Profit target middle band.
In the picture Renko Adaptive bands trading system.
Renko with adaptive band
Mohammed Ali (Monday, 21 October 2019 19:25)
if this thing repainted I'm gonna be really mad
SINGH (Saturday, 22 July 2017 01:37)
HI LORENZ ,
GREAT WORK , AND APPRECIATE FOR SHARING , IF POSSIBLE PLEASE SHARE YOUR MAIL ID
NEED TO WORK WITH YOU IN ORDER TO EXPLORE SOME MORE IDEA OF MINE TO BE CODE
drsingh.male@gmail.com
Frederic (Monday, 23 November 2015 12:56)
Hello,
What to wait when the price goes way below lower bands (or way up upper bands) ?
Do we have to wait for the first good conditions, even if that occurs out of the bands, or first we have to wait for the price to come back into the bands ?