Adaptive Band Forex Renko Chart Strategy

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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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