9# Median Renko Strategy with MACD Signals

Submit by Dimitri from idea of rockypoint Forex Factory

Median Renko strategy with MACD Signals, here, I show you two templates for trading with this method.

First

Overview:
This strategy combines the Median Renko charting technique with MACD signals to capture trend momentum in highly volatile currency pairs. The system uses a combination of Renko bars, exponential moving averages, and the MACD indicator to generate trade entries and exits.

Setup:

Currency Pairs: Use this strategy on volatile currency pairs (e.g., EUR/USD, GBP/JPY, etc.).
Platform: MetaTrader 4 (MT4)
Indicators:
1. Median Renko Chart (renko original chart indicator): Box size between 7-50 pips, depending on your trading style and pair volatility. My advice is minimum 10 pips. Open chart off line M11.
2. MACD (9, 17, 9): This is used to confirm trade direction and momentum.
3. Heikin Ashi Auto Width: Optional for visual aid in detecting trends.
4. Pips Counter & Pipsometer: To monitor pip movement (optional).
5. Exponential Moving Average (EMA):
  - 8-Period EMA (High): Tracks the recent high price trend.
  - 8-Period EMA (Low): Tracks the recent low price trend.
6. Support and Resistance Levels: Used for additional confirmation of potential reversal areas.
7. SL/TP Indicator: To manage stop loss and take profit

Entry Rules

Buy Setup:

Median Renko Bar Color: The Renko bar must be blue, indicating a bullish trend.
EMA Crossover: The Renko bar must close above the 8-Period EMA (High), signaling upward momentum.
MACD Confirmation:
- The MACD line (9,17,9) must be above zero, indicating bullish momentum.
Signal Dot: A black dot (indicating a buy signal) must appear below the price on the chart.

Entry Trigger:
Once all the above conditions align, enter a buy position at the close of the Renko bar.

Sell Setup:

Median Renko Bar Color: The Renko bar must be red, indicating a bearish trend.
EMA Crossover: The Renko bar must close below the 8-Period EMA (Low), signaling downward momentum.
MACD Confirmation:
- The MACD line (9,17,9) must be below zero, indicating bearish momentum.
Signal Dot: A black dot (indicating a sell signal) must appear above the price on the chart.

Entry Trigger:
Once all the above conditions align, enter a sell position at the close of the Renko bar.

Exit Rules

Stop Loss:

Place the Stop Loss above the most recent swing high (for sell trades) or below the most recent swing low (for buy trades).

Take Profit:

Use a 1:1.2 risk-to-reward ratio as a general rule of thumb.
Alternatively, exit the trade when an opposite signal (opposite colored dot) appears on the chart or if the price closes on the opposite side of the EMA.

Example:

Buy Trade Example:

The Renko bar is blue and closes above the 8-period EMA (High).
A black dot appears below the price, and the MACD is above zero, confirming bullish momentum.
Enter a buy trade at the close of the bar.
Place the Stop Loss below the most recent swing low.
Set the Take Profit at 1.2 times the distance of the stop loss or exit when a red dot (sell signal) appears.

Sell Trade Example:

The Renko bar is red and closes below the 8-period EMA (Low).
A black dot appears above the price, and the MACD is below zero, confirming bearish momentum.
Enter a sell trade at the close of the bar.
Place the Stop Loss above the most recent swing high.
Set the Take Profit at 1.2 times the stop loss or exit when a blue dot (buy signal) appears.

This trading system provides clear rules for both entry and exit, using the combination of Median Renko, EMA, and MACD to confirm momentum and trend direction. It's ideal for volatile markets and can be adjusted according to individual risk preferences.

Tip: Max 1 order in the same direction.

Second

Median Renko Strategy with MACD and Key Zone Filter

Overview:
This strategy uses Median Renko bars, MACD, and the Zone indicator to identify trend momentum while using Zone’s key support and resistance zones as a critical filter. The SuperDEM indicator helps confirm potential reversal zones or validates trend continuation, improving the accuracy of trade entries by avoiding trades near strong support or resistance.