Renko Channel Strategy

Renko Channel Strategy is a trend following system with the price channel lines (Fast TMA Bands line).


Currency Pairs: majors


Box size: 5-10 pips


Metatrader Indicators: Ded, Fast Tma Lines, Heiken Ashi, KG Renko Rangew Bars, Offset renko, Support and resistance Barry, Timing indicator, Extreme channel, MA 50, MA 100.


EA Renko: B625Renko live chart, renko live chart 3.2, 3.3



Trading rules:



Buy Signal:


Up Trend,


price hits the lower bands


Heiken Ashi blue,


MA 50 in above the slow ma 100,


The timing indicator is below 30 level and crosses upward.



Sell Signal:


Down Trend,


Heiken Ashi red,


price hits the upper bands


MA 50 in under the slow ma 100,


The timing indicator is above 70 level and crosses downward.



Stops are placed outside the signals bar upper or lower band or at the level of the "Support & Resistance Barry" indicator.


Profit target: at the middle band