Renko + 2 heinken ashi approach

Hi fellow traders,

I am currently back testing this system manually, the idea looks pretty promising.

However, I made a twist to the rules. I enter with a market order as soon as both bundled candles finish with the same color (presumed you use the same color set for both HA and HAS).

I perfected this strategy. Its around 90 percent in accuracy, only if you play by my rules.
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1. Download the Mean Renko bricks and Omnia Remote from OVO.CZ . Watch the tutorials, Mean Renko is heiken ashi renko, works differently from regular renko.
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2. Once you have the chart setup, install this indicator ​​ set the MAperiod to 10, set the step to 1, set T3hot to 0.618.

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3. Enter the trade once you see the bar 98% full to the top or bottom, sometimes it will show a little black, which is why I say 98%. This does not repaint, once you get
the signal, enter the trade. Whether the candle/brick changes color and direction the smoothed heiken ashi signal will remain.

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4. I jump my stop, this is pretty much a scalping system as mean renko is made for trend following, I see no point in trading reversals. So once the current brick closes I move my stop and gather anywhere between 3-10 pips. The market may kick me out shortly after locking in that profit, or it will continue to rally. Win/win.

Just a question out of curiosity, as I am highly interested in Renko trading myself, has anyone managed to trade Renko successfully using any of these stated methods?

Many thanks, Jake.

Hi vforvitiello, could you better exlpain your entry rules?

Thank you!

I trade trade renkos jake, and there are many different ways to trade them. But dont bother trying to trade reversals on them as this can be deadly. I prefer to trade systems that help you getting the trend, like the one stated above.

have you tried using a art renko that will update the renko size based on recent volatility?

with out renko ... is it not possible ?

Theprofessor, please let us know what do you mean by art renko.. Is your Art Renko indicator something that I can download ??

thanks