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.


Forex Trading Strategies Installation Instructions

Adaptive Band Forex Renko Chart Strategy is a combination of Metatrader 4 (MT4) indicator(s) and template.

The essence of this forex strategy is to transform the accumulated history data and trading signals.

Adaptive Band Forex Renko Chart Strategy provides an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust this strategy accordingly.

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How to install Adaptive Band Forex Renko Chart Strategy?

  • Download Adaptive Band Forex Renko Chart Strategy.zip
  • *Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
  • Copy tpl file (Template) to your Metatrader Directory / templates /
  • Start or restart your Metatrader Client
  • Select Chart and Timeframe where you want to test your forex strategy
  • Right click on your trading chart and hover on “Template”
  • Move right to select Adaptive Band Forex Renko Chart Strategy
  • You will see Adaptive Band Forex Renko Chart Strategy is available on your Chart

*Note: Not all forex strategies come with mq4/ex4 files. Some templates are already integrated with the MT4 Indicators from the MetaTrader Platform.

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