Adaptive Band Forex Renko Chart Strategy

This is another renko system that is based on reversal and the TMA bands. Use box size 6 pips or more, but it would be best if you use 10 pips box size. This system is applicable to any currency pairs. It also works on indices such as S&P 500 and Dow Jones.

Forex  Indicators:

• FastTMAline (ATR 0.01);
• FastTMAline (ATR 3.5);
• FastTMAline (ATR 4.2);
• FastTMAline (ATR 4.9);
• Heiken Ashi 3;
• Fisher (period 15)
• Repulse 2
• EA Renko live chart 3.2

Buy Entry:

• Price must touch or bounce lower bands.
• Heiken Ashi must be green.
• Fischer blue bar.
• Repulse indicators (hook up).
• Take profit at the middle band and set stop loss at 10-15 pips below the upper band.

Sell Entry:

• Price must touch or bounce upper bands.
• Heiken Ashi must be red.
• Fischer red bar;
• Repulse indicator (Hook down).
• Take profit at the middle band and set stop loss at 10-15 pips below the upper band.

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