30# Renko Channel System
Renko chart trading with the channel.
Submit by Marion 11/03/2015
Renko Channel System is a trend following system with the price channel lines (Fast TMA Bands line).
Chart Renko, with box size 5- 10 pips.
Currency Pairs: majors.
Metatrader Indicators:
Ded,
Fast Tma Lines,
Heiken Ashi,
KG Renko Rangew Bars,
Offset renko,
Support and resistance Barry,
Timing indicator,
Extreme channel,
MA 50,
MA 100.
EA Renko: B625Renko live chart, renko live chart 3.2, 3.3
Trading rules renko channel system
Buy
Up Trend,
price hits the lower bands
Heiken Ashi blue,
MA 50 in above the slow ma 100,
The timing indicator is below 30 level and crosses upward.
Sell
Down Trend,
Heiken Ashi red,
price hits the upper bands
MA 50 in under the slow ma 100,
The timing indicator is above 70 level and crosses downward.
Stops placed outside the signals bar upper or lower band or at the level of the "Support & Resistance Barry.
Profit target, at the middle band.
In the picture renko channel in action.
Renko Channel action
