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.
Recommended MT4 Broker
XM Broker
- Free $50 To Start Trading Instantly! (Withdraw-able Profit)
- Deposit Bonus up to $5,000
- Unlimited Loyalty Program
- Award Winning Forex Broker
- Additional Exclusive Bonuses Throughout The Year
- Exclusive 50% Cash Rebates for all Trades!
Already an XM client but missing out on cashback? Open New Real Account and Enter this Partner Code: 𝟕𝐖𝟑𝐉𝐐
Click here below to download:
So, while benefiting from this indicator is crucial, ensuring successful trades and reaping rewards requires continuous training with enhanced strategies. Don’t worry, we’re here to help.
We are a team of dedicated individuals, including a work-from-home dad and passionate forex trader, committed to helping you succeed in the forex market. As the driving force behind ForexMT4Indicators.com, we share cutting-edge trading strategies and indicators to empower you on your trading journey. By working closely with a team of seasoned professionals, we ensure that you have access to valuable resources and expert insights to make informed decisions and maximize your trading potential.
Want to see how we can transform you to a profitable trader?
>> Join Our Premium Membership <<
Benefits You Can Expect
- Gain access to a wide range of proven Forex strategies to make informed trading decisions and increase profitability.
- Stay ahead in the market with exclusive new Forex strategies and tutorials delivered monthly to continually enhance your trading skills.
- Receive comprehensive Forex training through 38 informative videos covering various aspects of trading, from using the MT4 Metaquotes platform to leveraging indicators for improved trading performance.