Goldflights Forex Renko Chart Strategy

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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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