Summary
:
Forex
Chase Renko Chart Strategy is a price action based strategy that uses renko
chart. Though this is intended for scalping, it can still be used for swing
trading.
Metatrader
Indicators :
- Moving average 3;
- Moving average 5;
- Heiken Ashi MA T3;
- Dynamic Gains;
- Forex Strategist Support and resistance;
- Gold Miner 2;
- Hirurgia 3.0 (optional);
- Renko live chart indicator buil 600+;
- Forex Entry point;
- Dynamic bull Bear Band.
Note
Renko box size 3-5 pips
is used for scalping, for EURUSD use 3 pips, for GBPUSDU use 3 pips, USDCAD 3
pips, AUDUSD 2 pips and GBPJPY 4 pips.
Trading
Conditions
- Chart Timeframe : 15 Minute or Higher Timeframe.
- Currency Pairs : Any Pairs.
Long
Position Entry :
1.
Forex Entry point is an aqua bar.
2.
Forex Strategist Support;
3.
Dynamic arrow indicates buy arrow.
4.
MA 3 is greater than MA 5.
5.
Gold Miner green bar.
Short
Position Entry :
1.
Forex Entry point shows red bar.
2.
Forex Strategist resistance.
3.
Dynamic arrow indicates sell arrow.
4.
MA 3 is less than MA 5.
5.
Gold Miner red bar.
Exit
Rules :
- Profit Option : Take profit depends by currency pairs and renko box.
But, 7-12 pips is ideal.
- Stop Loss Option : Previous swing.
How to install Files?
- Download *.zip file.
- Copy Indicators folder to your Metatrader
Directory / indicators /
- Copy Template folder to your Metatrader
Directory / templates /
- Copy Libraries folder to your Metatrader
Directory / Libraries /
- Start or restart your Metatrader
- Select Chart and Timeframe where you want
to test your forex strategy
- Right click on your trading chart and hover
on “Template”
- Move right to select Template
- You will see Trading System strategy is
available on your Chart