Japanese traders are very innovative when it comes to developing ways to read a forex chart.
Prvi, they developed the traditional Japanese candlesticks. Danes, this has been a mainstay for most traders. This is because it allows traders to identify price action quite easily. Traders can identify where price has opened, where the highs and lows are and where price has closed. All this information is essential for price action traders.
potem, they developed the Heiken Ashi Candlesticks. Heiken Ashi in Japanese translates to “average bars”. The Heiken Ashi Candlesticks is a candlestick which is averaged out in order to allow traders to easily identify trend direction.
As if the charting methods mentioned above are not good enough, they have also developed the Renko Bars. This method of charting allows traders to focus more on the direction of price and takes away the focus from the time element of each candle.
Traders who can easily identify the direction of price can identify fresh trends much better. This in turn allows traders to take trades at the beginning of a trend and ride it out until the end of a trend. This allows traders to earn the most profit out of each trade.
Renko Turtle Channel Forex Trading Strategy is a trend following strategy which makes use of the Renko bars.
Renko barvne vrstice
- 1 Renko barvne vrstice
- 2 Turtle Trgovanje kanal
- 3 Premikanje povprečne konvergence in razhajanja
- 4 Strategija trgovanja
- 5 Sklep
The Renko Bars or Renko Chart is a type of charting developed by the Japanese. The word “Renko” is thought to have been derived from the Japanese word “renga”, which means bricks. This is because Renko bars have the resemblance of bricks.
While most charting method employ the concept of time when plotting a chart, the Renko Chart removes the concept of time from the chart. Instead it plots a box like bar every time price moves by a preset distance. This allows traders to focus more on price movements and identify fresh trend more easily.
Renko Color Bars is a modified version of the Renko Chart. It provides traders with an option to remove the time aspect of the bars or not. Traders who are more accustomed to the usual Japanese Candlesticks may adapt to this type of Renko bars more easily.
Turtle Trgovanje kanal
The Turtle Trading Channel is a technical indicator which was designed by Dennis Gartman and Bill Eckhart.
It is a trend following indicator which identifies trend direction and plots two lines opposite from the direction of the trend. These lines can be used to identify trend reversals, as well as a stop loss placement basis. The first line is a dotted line. This line moves closer to price action. Aggressive traders can opt to use this as a stop loss placement in order to tighten their stop loss. The second line is a solid line. This line changes color depending on the direction of the trend. A dodger blue line would indicate a bullish trend, while a red line would indicate a bearish trend. Traders can use the shifting of the lines or the changing of the color of the solid line as a trend reversal signal.
Premikanje povprečne konvergence in razhajanja
Premikajoča se povprečna konvergenca in razhajanost (Macd) is a staple technical among many traders. It is an oscillator type of technical indicator which is based on moving averages.
The MACD is computed by subtracting the difference between two moving average lines. The difference between the two moving average lines is then plotted in a separate window. potem, another line which is derived from the main MACD line is then plotted on the same window. This line is called the signal line. This line is basically a moving average of the MACD line.
Trend reversal signals are generated based on the crossing over of the two lines. Če je linija MACD nad signalno črto, trend je bikovsko. If the signal line is above the MACD line, trend je medvedek.
In this version of the MACD, the difference between the two moving average lines is plotted as a histogram rather than as the MACD line. The signal line on the other hand is plotted as a dotted line.
This trading strategy is a trend reversal trading strategy based on the confluence between the Renko Color Bars, the Turtle Trading Channel indicator, and the MACD.
Prvi, the Renko Color Bars should change color indicating a probable shift in trend direction.
potem, the solid line of the Turtle Trading Channel indicator should shift and change color indicating a trend reversal.
The MACD should also confirm the trend reversal. This is based on the crossing of the MACD histogram bars over zero, which is the midline.
Confluences between these three signals warrant a valid trade setup.
Vendar pa, instead of taking market orders, we will be using stop entry orders placed either on the high or the low of the most recent fractal near the confluence.
- Metoda: 24
- filter: 20
- Steady: true
- Trade Period: 24
- hitro EMA: 17
- počasi EMA: 31
- MACD SMA: 14
Želeni čas okvirji: 1-Uro, 4-urne in dnevne karte
Valuta Pari: FX majorji, mladoletniki in križi
Trading seje: Tokio, London in New York seje
Nastavitev nakupa trgovine
- The Renko Color Bars should change to silver.
- The Turtle Trading Channel line should shift below price action and should change to blue.
- The MACD histogram bars should cross above zero.
- Place a buy stop order on the high of the most recent fractal.
- Nastavite izgubo stop na podporo pod vstopno sveče.
- Trail the stop loss below the blue Turtle Trading Channel line until stopped out in profit.
Nastavitev trgovine s prodajo
- The Renko Color Bars should change to red.
- The Turtle Trading Channel line should shift above price action and should change to red.
- The MACD histogram bars should cross below zero.
- Place a sell stop order on the low of the most recent fractal.
- Nastavite izgubo stop na odpornost nad vstopno sveče.
- Trail the stop loss above the red Turtle Trading Channel line until stopped out in profit.
This trading strategy is a new concept.
The idea of trading based on Renko Bars is a new way to trade the forex market, yet many traders have reported being profitable using the Renko Bars as an entry signal and using stop entry orders.
Trading using the Turtle Trading system is also a profitable trading strategy which some traders use.
Combining the two concepts together allows for a trade strategy with a positive outlook. Traders who could get a feel of the synergy between the two styles may use this strategy to earn from the forex market.
Forex Trading Strategije Namestitev Navodila
Renko Turtle Channel Forex Trading Strategy is a combination of Metatrader 4 (MT4) Indikator(S) in predlogo.
Bistvo te strategije forex je preoblikovanje naboranih podatkov iz zgodovine in trgovalnih signalov.
Renko Turtle Channel Forex Trading Strategy provides an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Na podlagi teh informacij, lahko trgovci prevzamejo nadaljnje gibanje cen in ustrezno prilagodijo to strategijo.
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How to install Renko Turtle Channel Forex Trading Strategy?
- Download Renko Turtle Channel Forex Trading Strategy.zip
- *Kopirajte datoteke mq4 in ex4 v imenik Metatrader / Strokovnjaki / Kazalniki /
- Kopiraj TPL datoteko (Predlogo) v imenik Metatrader / Predloge /
- Zaženite ali znova zaženite odjemalca Metatrader
- Izberite Grafikon in časovni okvir, kjer želite preizkusiti strategijo forex
- Z desno tipko miške kliknite na trgovalni grafikon in “Predlogo”
- Move right to select Renko Turtle Channel Forex Trading Strategy
- You will see Renko Turtle Channel Forex Trading Strategy is available on your Chart
*Opomba: Niso vse forex strategije prihajajo z mq4/ex4 datoteke. Nekatere predloge so že integrirane s kazalniki MT4 s platforme MetaTrader.
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