BMANS Forex Renko Chart Strategy
This strategy combines all the system that is why it is effective. It works on EURUSD chart and lower timeframe is better for this strategy.
- CCI 30
- RSI 50
- ASI 300
- Nonlag MA
- Renko bars
- EMA 89 and TRO Dragon Tunnel
- CCI must be above the yellow ASI.
- Nonlag MA turns green and is above dragon tunnel.
Note: Stronger buying opportunity if CCI is above both ASI and RSI.
- CCI must be below the ASI.
- Nonlag MA must be red and is below dragon tunnel.
Note: Stronger Selling opportunity if CCi is below both ASI and RSI.
- Exit position when Nonlag MA turns the opposite color. It must turns red if you have long position and it must turn green if you are in short position.
Make sure to use stop loss to protect the capital. You can also do trail stops.
A fibonacci is also helpful in making exit decisions.
The EMA is the trend Identifier.
Forex Strategies Installation Instructions
BMANS Forex Renko Chart Strategy is a combination of Metatrader 4 (MT4) indicator(s) and template.
The essence of this forex strategy is to transform the accumulated history data and trading signals.
BMANS Forex Renko Chart Strategy provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust this strategy accordingly.
Forex Metatrader 4 Trading Platform:
- Free $30 To Start Trading Instantly
- No Deposit Required
- Automatically Credited To Your Account
- No Hidden Terms
How to install BMANS Forex Renko Chart Strategy?
- Download BMANS Forex Renko Chart Strategy.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- 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 BMANS Forex Renko Chart Strategy
- You will see BMANS Forex Renko Chart Strategy is available on your Chart
Click here below to download: