Renko Channel System
Renko Channel System is a trend following system with the price channel lines (Fast TMA Bands line).
Time Frame : Chart Renko, with box size 5- 10 pips.
Currency Pairs: All Pairs
Fast Tma Lines
KG Renko Rangew Bars
Support and resistance Barry
EA Renko: B625Renko live chart, renko live chart 3.2, 3.3
Entry rules renko channel system
Entry Buy :
price hits the lower bands
Heiken Ashi blue,
MA 50 in above the slow ma 100,
The timing indicator is below 30 level and crosses upward.
Entry Sell :
Heiken Ashi red,
price hits the upper bands
MA 50 in under the slow ma 100,
The timing indicator is above 70 level and crosses downward.
Stops placed outside the signals bar upper or lower band or at the level of the “Support & Resistance Barry.
Profit target, at the middle band.
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