You can now download the Renko Chart Chase FX Trading Strategy for free on AtoZ Markets indicators gallery.
Renko Chart Chase FX Trading Strategy is a price action based strategy that uses a 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.
Currency Pair: any
Trading Session: any
How to trade with Renko Chart Chase FX Trading Strategy?
- 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.
- 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.
- Set an initial stop loss on the previous swing
- Take profit depends by currency pairs and renko box, 7-12 pips is ideal.
How to download and install an indicator?
In order to install the indicator on your MT4 platform, you need to follow these steps:
- Click on “Download Indicator” button located at the top right corner of the screen.
- Save the file to your computer.
- Extract and move the files into MT4>Indicator folder of the MetaTrader4 software file directory.
- Restart your Metatrader platform.
- Navigate to “Indicators.”
- And select “Renko Chart Chase FX Trading Strategy” template to apply it on the chart.
Note: This indicator was developed by ZigZag. AtoZ Markets does not carry any copyrights over this trading tool.