Last updated:
Goldflights Forex Renko Chart Strategy
This system is applicable to all currency pairs and uses 5 block Renko chart.
Forex Indicators:
- 10 EMA (blue)
- 20 EMA (red)
- PJ- Over RSI 7-50-50
- PJ- Over RSI 14-50-50
- Pivot points on 1 min chart
- FIBS on 1 min chart
- (Optional) trailing stop EA.
- Goldflights HA Smoothed
Long entry:
- Block closes above 10 EMA.
- 10 EMA must be above 20 EMA.
- PJ RSI 7 and 14 green.
Short entry:
- Blocks closes below 10 EMA.
- 10 EMA must be below 20 EMA.
- PJ RSI 7 and 14 red.
The trailing ea on the 1 min chart set at 15 pip s/l, 100 pip t/p, 15 pip trail stop, move to break even 15 pips, and 2 pip lock.
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