Trading Renko charts is definitely a nice way of trading. As with any job, one needs tools. I have created such a tool that helps me with my trading. Currently it is still under development and therefore I am documenting this for myself at this stage.
The below chart shows a live account trading from approx 14:00 to 20:00 Central European Time. The lot size used was 0.01 and trades were taken only on EURUSD using a 1 pip renko brick size.
Only Shorts taken as the H1 hit the TMA band. This does not always work.
Shorts and longs - Less profit but in a way safer
2 days on demo going both ways... I think I am getting this to work properly!
Trading during my holidays in Asia. Nice net return.
The below chart shows a live account trading from approx 14:00 to 20:00 Central European Time. The lot size used was 0.01 and trades were taken only on EURUSD using a 1 pip renko brick size.
Only Shorts taken as the H1 hit the TMA band. This does not always work.
Shorts and longs - Less profit but in a way safer
2 days on demo going both ways... I think I am getting this to work properly!
Trading during my holidays in Asia. Nice net return.