38# Renko chart 350+ pips a day

Submit by HS410 26/03/2017

Renko chart 350+ pips a day is a trend-momentum retracement strategy created for Renko and Median Renko Chart. This strategy is inspired at the classic RSI (3) fast and moving average (100).

Apply renko chart 350+ pips a day 4-6 charts simultaneously. 

This strategy is for intraday or swing trading, It has good profitability.

Renko Box Size 5 pips or more.

Currency pairs: majors.

Metatrader Indicators:

No repaintig alerts;

Bollinger bands stop (20:2);

RSI X2 (11, 4).

Trading Rules Renko chart 350+ pips a day

Find the currency pairs in trend and apply this template for intraday and swing trading.

Buy

RSI X2 alarm <= 30 level;

Bollinger Band Stop Blue line;

Buy alert No repaintig alerts

Sell

RSI X2 alarm >= 70 level;

Bollinger Band Stop red line;

Sell alert no repaintig alerts.

Exit position place initial stop loss below/above the bollinger bands stop.

Make profit whit determined profit target minimum ratio 1.8 stop loss.

The purpose of this strategy is to get into position after the retracement in a trend.

In the pictures Renko chart 350+ pips a day in action.