Chase Forex Renko Chart Strategy
This 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.
Renko box size 3-5 pips is used for scalping, for EU pair, use 3 pips, for GU use 3 pips, UC 3 pips, AU 2 pips and GJ 4 pips.
- 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.
- Forex Entry point is an aqua bar.
- Forex Strategist Support;
- Dynamic arrow indicates buy arrow.
- MA 3 is greater than MA 5.
- Gold Miner green bar.
- Forex Entry point shows red bar.
- Forex Strategist resistance.
- Dynamic arrow indicates sell arrow.
- MA 3 is less than MA 5.
- Gold Miner red bar.
- Set an initial stop loss on the previous swing
- Take profit depends by currency pairs and renko box.
7-12 pips is ideal.
Forex Strategies Installation Instructions
Chase 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.
Chase 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 Chase Forex Renko Chart Strategy?
- Download Chase 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 Chase Forex Renko Chart Strategy
- You will see Chase Forex Renko Chart Strategy is available on your Chart
Click here below to download: