Hi all, I want to share this system im developing.

Its based on renko charts with upper and lower fractals.

You can follow the trades with my explorer

Currency pairs at the moment, to avoid higher correlation: EURUSD, EURJPY, AUDUSD and GOLD (Im opened to suggestions about this).

10 pips block size.

Basically, I define 2 pattern groups:

Pattern 1 = Close[3]>Low Fractal && Open[2]>Low Fractal

&& Close[1]<Low Fractal && Low Fractal<Previous Low Fractal

&& Close[1]<Open[1]

Pattern 2 = Close[2]>Previous Low Fractal && Close[1]<Previous Low Fractal && Low Fractal>Previous Low Fractal

&& Close[1]<Open[1]

Pattern 3 = Low[0]>Low Fractal && Low[0]<Low Fractal+(Open[1]-Close[1])/2 && Open[1]+(Open[1]-Close[1])<High Fractal-(Open[1]-Close[1]) && Low Fractal<Previous Low Fractal && Close[1]<Open[1]

Pattern 4 = Low[0]<Low Fractal && Close[1]>Low Fractal && Low Fractal<Previous Low Fractal

&& Close[1]<Open[1]

Pattern 5 = Close[3]<Open[3] && Close[2]>Open[2] && Close[1]<Open[1]

&& Close[2]>Low Fractal && Low[2]<Low Fractal && Low Fractal<Previous Low Fractal

(reverse for short patterns)

Pattern 6 = Low[3]==Low Fractal && Low Fractal<Previous Low Fractal

&& Close[3]>Open[3] && Close[2]>Open[2] && Close[1]<Open[1]

Pattern 7 = Low[4]==Low Fractal && Low Fractal<Previous Low Fractal

&& Close[4]>Open[4] && Close[3]>Open[3] && Close[2]>Open[2] && Close[1]<Open[1]

Pattern 8 = Low[6]==Low Fractal && Low Fractal<Previous Low Fractal

&& Close[5]>Open[5] && Close[4]>Open[4] && Close[3]>Open[3] && Close[2]<Open[2] && Close[1]<Open[1]

Pattern 9 = Low[6]==Low Fractal && Low Fractal<Previous Low Fractal

&& Close[6]>Open[6] && Close[5]>Open[5] && Close[4]>Open[4] && Close[3]>Open[3] && Close[2]<Open[2] && Close[1]<Open[1]

(reverse for short patterns)

I usually risk 1% every trade and I put the stop on the opposite side of the current bar, using stop orders.

I divide the position in this way

50% closed with risk/reward 1 (if this target is reached, then I have a free trade on the other 50%).

25% closed with risk/reward 2

25% closed with risk/reward 4

In this way:

- the expected risk/reward is 2

- I need at least 33% win to breakeven

Please find attached the expert (

Its based on renko charts with upper and lower fractals.

You can follow the trades with my explorer

**Renko Fractals**. Do not pay attention to the historic, because Im setting the expert and I had many errors before. Now I hope it works well.Currency pairs at the moment, to avoid higher correlation: EURUSD, EURJPY, AUDUSD and GOLD (Im opened to suggestions about this).

10 pips block size.

Basically, I define 2 pattern groups:

**Group 1: these patterns are related to a bounce from the last fractal. The aim of this patterns is to play with support and resistance zones.**Pattern 1 = Close[3]>Low Fractal && Open[2]>Low Fractal

&& Close[1]<Low Fractal && Low Fractal<Previous Low Fractal

&& Close[1]<Open[1]

Pattern 2 = Close[2]>Previous Low Fractal && Close[1]<Previous Low Fractal && Low Fractal>Previous Low Fractal

&& Close[1]<Open[1]

Pattern 3 = Low[0]>Low Fractal && Low[0]<Low Fractal+(Open[1]-Close[1])/2 && Open[1]+(Open[1]-Close[1])<High Fractal-(Open[1]-Close[1]) && Low Fractal<Previous Low Fractal && Close[1]<Open[1]

Pattern 4 = Low[0]<Low Fractal && Close[1]>Low Fractal && Low Fractal<Previous Low Fractal

&& Close[1]<Open[1]

Pattern 5 = Close[3]<Open[3] && Close[2]>Open[2] && Close[1]<Open[1]

&& Close[2]>Low Fractal && Low[2]<Low Fractal && Low Fractal<Previous Low Fractal

(reverse for short patterns)

**Group 2: these patterns are related to entry in a trend just after a new fractal is defined, if and when the market give us the possibility to entry in the new trend.**Pattern 6 = Low[3]==Low Fractal && Low Fractal<Previous Low Fractal

&& Close[3]>Open[3] && Close[2]>Open[2] && Close[1]<Open[1]

Pattern 7 = Low[4]==Low Fractal && Low Fractal<Previous Low Fractal

&& Close[4]>Open[4] && Close[3]>Open[3] && Close[2]>Open[2] && Close[1]<Open[1]

Pattern 8 = Low[6]==Low Fractal && Low Fractal<Previous Low Fractal

&& Close[5]>Open[5] && Close[4]>Open[4] && Close[3]>Open[3] && Close[2]<Open[2] && Close[1]<Open[1]

Pattern 9 = Low[6]==Low Fractal && Low Fractal<Previous Low Fractal

&& Close[6]>Open[6] && Close[5]>Open[5] && Close[4]>Open[4] && Close[3]>Open[3] && Close[2]<Open[2] && Close[1]<Open[1]

(reverse for short patterns)

I usually risk 1% every trade and I put the stop on the opposite side of the current bar, using stop orders.

I divide the position in this way

50% closed with risk/reward 1 (if this target is reached, then I have a free trade on the other 50%).

25% closed with risk/reward 2

25% closed with risk/reward 4

In this way:

- the expected risk/reward is 2

- I need at least 33% win to breakeven

Please find attached the expert (

**5 digit brokers**), the mqh files (copy the mqh files in the include folder) and my template. The template is very simple because we only need fractals.Attached File

Renko & Fractals.zip 14 KB | 700 downloads | Uploaded Feb 23, 2017 3:58pm