48# Renko Donchian Channel Reversal

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Renko Donchian Channel Reversal is a method for trading reversal suitable only for renko chart. This trading system is based on Donchian Channel. Commodity Channel index and Awesome oscillator..

Box size 3 pips or higher.

Currency pairs: any but also, Indices, and Stocks.

This is a good strategy that you can apply a more charts in the same time.

Metatrader Indicators

AY Donchian channel 20 periods, close.

Commodity channel Index (27 periods with 100 and – 100 levels).

Awesome oscillator.

Trading rules Renko Donchian Channel Reversal

Trading only reversal

Buy

When the price go out the lower band of Donchian Channel wait that price come back into the channel.

Commodity channel index go above -100 from the bottom.

Awesome green bar ( optional).

When these conditions are agree place a buy oder.

Place stop loss 2-3 pips below the lower channel.

Profit Target depends by box size and pairs. Fast profit middle line.

Sell

When the price go out the lower band of Donchian Channel wait that price come back into the channel.

Commodity channel index go above -100 from the bottom.

Awesome green bar ( optional).

When these conditions are agree place a buy oder.

Place stop loss 2-3 pips below the lower channel.

Profit Target depends by box size and pairs. Fast profit middle line.

In the pictures Renko Donchian Channel Reversal in action.

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