Disliked{quote} Renko and mean renko are almost the same. Only an opposite brick takes twice as many pips.Ignored
Mean renkos have an artificial opening, so when candle A closes, candle B closes half way up Candle A... so in a clear trend, at the close of every bar, you have 25 pips gain.
What this means is that it helps to view a bit of price action (as in the engulfing pattern strategy), basically where the tail is higher/lower than the previous candle, and it closes higher/lower than the previous.
Then when we get a trend happening, it is very very clear. What is important for this strategy is the movement of the Stops which is easier done on the Mean renkos. It may work on the normal renkos, but its untested, and i think it would just be a little messier...