Kumo Cloud Forex Renko Chart Strategy
This strategy uses price action. Several indicators are also used in order for the strategy to work better.
Follow the instructions below for guidance on how to use the strategy:
- Open “naked” M1 chart and attach EA, set Bars Range @ 3 (pips)
- Open Offline chart M2 from same pair (see pictures below)
- Load template on the M2 chart
- Always leave “naked” M1 chart open !
- Market must be open to load the renko data feed.
- Enter when both price and Tenkan Sen cross the kumo and exit when they cross in the opposite direction.
- Pivot points are crucial for setting TP targets.
- SL is the opposite side of the kumo at the entry point.
- Use SMA (Simple Moving Average) 21 or 100 for reference on support and resistance level. Use also 5 minute chart as a guide.
- Alternatively you can open a separate 5M ichimoku chart and refer to it in order to differentiate retracement points. It indicates continuation of the current trend therefore stay in the trade or add to your position from reversal points indicating the end of this trend,
therefore exit of your position).
- Refresh the autopivot.
Forex Strategies Installation Instructions
Kumo Cloud 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.
Kumo Cloud 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 Kumo Cloud Forex Renko Chart Strategy?
- Download Kumo Cloud 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 Kumo Cloud Forex Renko Chart Strategy
- You will see Kumo Cloud Forex Renko Chart Strategy is available on your Chart
Click here below to download: