First all apologize my bad English please.
I want to show all two simple strategy based on renko charts. No indicators.
I test manually but the problem is the execution. This system needs a full time trader or an EA running 24 hours for the correct execution.
System #1:
Chart: Renko blocks of 10 pips.
Stop Loss: 20 pips + spread or 2 Renko blocks of 10 pips + spread.
Buy: Open a Buy Stop order when a bullish Renko block close above previous bearish Renko block. Close position when opposite rule occurs.
Sell: Open a Sell Stop order when a bearish Renko block close below previous bullish renko block. Close position when opposite rule occurs.
Wath do you think about it?.
Example:
I want to show all two simple strategy based on renko charts. No indicators.
I test manually but the problem is the execution. This system needs a full time trader or an EA running 24 hours for the correct execution.
System #1:
Chart: Renko blocks of 10 pips.
Stop Loss: 20 pips + spread or 2 Renko blocks of 10 pips + spread.
Buy: Open a Buy Stop order when a bullish Renko block close above previous bearish Renko block. Close position when opposite rule occurs.
Sell: Open a Sell Stop order when a bearish Renko block close below previous bullish renko block. Close position when opposite rule occurs.
Wath do you think about it?.
Example:
That which you give to others, life will return it in spades