Forex Renko Chart Swing Trading Strategy

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Swing Trading Using Forex Renko Chart Strategy

This strategy is a price action based strategy that uses renko chart. Though this is intended for scalping, it can still be used for swing trading.

Renko box size 3-5 pips is used for scalping, for EU pair, use 3 pips, for GU use 3 pips, UC 3 pips, AU 2 pips and GJ 4 pips.

MT4 Indicators:

  • Moving average 3;
  • Moving average 5;
  • Heiken Ashi MA T3;
  • Dynamic Gains;
  • Forex Strategist Support and resistance;
  • Gold Miner 2;
  • Hirurgia 3.0 (optional);
  • Renko live chart indicator buil 600+;
  • Forex Entry point;
  • Dynamic bull Bear Band.

Buy Entry:

  • Forex Entry point is an aqua bar.
  • Forex Strategist Support;
  • Dynamic arrow indicates buy arrow.
  • MA 3 is greater than MA 5.
  • Gold Miner green bar.

Sell Entry:

  • Forex Entry point shows red bar.
  • Forex Strategist resistance.
  • Dynamic arrow indicates sell arrow.
  • MA 3 is less than MA 5.
  • Gold Miner red bar.

Exit Position:

  • Set an initial stop loss on the previous swing
  • Take profit depends by currency pairs and renko box.
    7-12 pips is ideal.


Forex Trading Strategies Installation Instructions

Forex Renko Chart Swing Trading 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.

Forex Renko Chart Swing Trading 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 Forex Renko Chart Swing Trading Strategy?

  • Download Forex Renko Chart Swing Trading 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 Forex Renko Chart Swing Trading Strategy
  • You will see Forex Renko Chart Swing Trading 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.

Click here below to download:

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Forex Renko Chart Swing Trading Strategy

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