There are just 2 indicators, but looks how powerfull!
I just using this 2 indicators Fast3MA and Renkostreet_channel
http://s11.postimg.org/wxbhw53lv/Przechwytywanie.png
post images
Price channel repaint but it doesnt matter. It based on price action high and low, and if H/L got break its just reapint. For renko chart this is powerfull stuff. We need bounce of channel and react for fast EMA.
Its would be nice if somebody, for example MathTrader7 who is very smart programmed would make EA for it.
Simple rules = React price for high low of channel = bounce and close below of EMA for sell or above ema for BUY
We can filtr for better entry in 200 EMA direction.
STOP LOSS in last high or low of channel, we exit, when candle close above or below EMA in opposite direction.
Holy Grall?
Edit. I upload also mql version of channel - here not dot but arrow, but its same. Mql code just for programmers
Edit2: Here more clearly rules
http://s1.postimg.org/hf1t0ksr3/Przechwytywanie.png
pic host
1. Wait for bounce from channel
2. Candle reversal close below EMA for Sell, candle reversal above ema for buy
3. We exit only when candle close above or below EMA. Like in example in 3post
Candle need close!
I just using this 2 indicators Fast3MA and Renkostreet_channel
http://s11.postimg.org/wxbhw53lv/Przechwytywanie.png
post images
Price channel repaint but it doesnt matter. It based on price action high and low, and if H/L got break its just reapint. For renko chart this is powerfull stuff. We need bounce of channel and react for fast EMA.
Its would be nice if somebody, for example MathTrader7 who is very smart programmed would make EA for it.
Simple rules = React price for high low of channel = bounce and close below of EMA for sell or above ema for BUY
We can filtr for better entry in 200 EMA direction.
STOP LOSS in last high or low of channel, we exit, when candle close above or below EMA in opposite direction.
Holy Grall?
Edit. I upload also mql version of channel - here not dot but arrow, but its same. Mql code just for programmers
Edit2: Here more clearly rules
http://s1.postimg.org/hf1t0ksr3/Przechwytywanie.png
pic host
1. Wait for bounce from channel
2. Candle reversal close below EMA for Sell, candle reversal above ema for buy
3. We exit only when candle close above or below EMA. Like in example in 3post
Candle need close!
Attached File(s)
PBF_Fast_3MAs.ex4
6 KB
|
14,209 downloads
PBF_Fast_3MAs.mq4
6 KB
|
15,047 downloads
RenkoStreet_channel.ex4
9 KB
|
16,349 downloads
super-signals-channel.mq4
2 KB
|
16,260 downloads