Hi, interesting approach to Renko. I like the 25 pip box especially for pairs like GBPJPY.
I am curious why you are waiting for the stoch to cross 0 . To me this is getting you into the trade at least one or two blocks late, okay when trending but not good when ranging.
Would a better entry be to take a break of the 20 or 80 line for long or short respectively.
This should get you in one block quicker allowing you to be successful in ranging markets as well
rgds
Peter
I am curious why you are waiting for the stoch to cross 0 . To me this is getting you into the trade at least one or two blocks late, okay when trending but not good when ranging.
Would a better entry be to take a break of the 20 or 80 line for long or short respectively.
This should get you in one block quicker allowing you to be successful in ranging markets as well
rgds
Peter