renko trading system & special strategy

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This Indicator Expert is an EA based on a new strategy to Trade on 2M Charts .this expert not use time to close and open Candle but every candle = 10 pipswith Specific Configuration with Moving Average Lines , Support & Resistance line .This is a Special trading system based on Renko chart equiped with intilligent algorithm to give Best Entry / Exit Live Forex Signals , Gold , commodity , Oil , easy to confirm the trend and sufficient conditions to keep your order open or close it and take profit .3 condition to Open Orders SELL/BUY .This system is unique, get rid of Typical Candlestick Chart and get rid of lagging indicators and don't miss any trading opportunities , ready configured settings with template for Scalping, Swing, and Intraday Position setups , get get 100% trusted signalDon't care for frame time , because no Time here , Points is talking . Just 3 condition reversible to SELL and 3 Condition to buy and the bigning to one of them is our target to take profit , You can pursuit the Chart tornado even to +1000 pips , yes !http://www.renkotrading.net

TRANSCRIPT

Page 1: Renko Trading System & Special Strategy

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Page 2: Renko Trading System & Special Strategy

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Page 3: Renko Trading System & Special Strategy

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Page 4: Renko Trading System & Special Strategy

 

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Page 5: Renko Trading System & Special Strategy

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Trading off-exchange foreign currencies carries a high level of risk and may not be suitable for all investors. There is a possibility that you

may sustain a loss equal to or greater than your investment, so you should not invest or risk money that you cannot afford to lose

System Features:

- Renko charts filter out the noise of wicks and are based solely on price without time. - Renko charts clearly indicate support and resistance. - Can be used to confirm trends or can be traded on their own. - No Chart Pattern knowledge required like normal time chart.

Case Study :

Well ! , the advantage trading with Renko trading is stay away of the time , in candlestick style

traders point their interest in time and follow the chart candle by candle , Minute per minute ,

hour per hour , Is not this a waste of time ?

Ex : in April 9th 2014 , EUR/USD : 00:00 , was : 1.3791 in May 9th 2014 , EUR/USD : 00:00 , was 1.3842

Ex : in Juin 5th 2014 , EUR/USD , was : 1.3636 in Juin 12th 2014 , EUR/USD , was 1.3523 in Juin 25th 2014 , EUR/USD , was 1.3640

 

1.3842 – 1.3791 = 51 Pips Right ? , From April 9th to May 9th = 30 Days On H1 Time frame How many Candle Focused your seight on ? , 720 Candles & each candle 1H, Yes this is the Right number , but With Renko Charts you abreviate this movement with less 51 Bricks with 8 successful Trading opportunities between buy & Sell with high profit .

 

1.3636 – 1.3791 = 113 Pips in 7 days 1.3640 – 1.3523 = 117 Pips in 13 days

Page 6: Renko Trading System & Special Strategy

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Trading off-exchange foreign currencies carries a high level of risk and may not be suitable for all investors. There is a possibility that you

may sustain a loss equal to or greater than your investment, so you should not invest or risk money that you cannot afford to lose

This trading system is based on utilization of the Non Time-frame based analysis called the Renko

Chart. In Renko Charts time is not of concern or time is not what causes separation of one

bar/candle to another, the emphasis is on the price and the movements in pips. Like a 10pip renko

chart will display candles that are 10pips big and what separates one candle from another is 10pips

of movement.

Hence using a renko chart the noise of time-frame based chart are removed and it shows you the

chart based on the movement of the market in pips. Time-frame is one easy way of losing money in

Forex because if you are using a GMT Broker the candles look different, if you are using a GMT+2

broker candles look different and if you use a GMT+4 broker it looks different. So basically it’s the

best way of losing money because indicator reading looks different from broker to broker, candles

look different from broker to broker. As forex traders, we only need to be concerned of one thing

that is the PRICE, because that’s what we are dealing with. Price is what makes people want to buy

or want to sell. Change of price is what the deciding factor is between Earning and losing. When the

price of a currency is low, it gets into demand/buying & when the price of a currency is high it gets

into supply/selling. So we just need to be concerned with Price and with Pips in .

Manual trading system: all transactions carried out manually.

Don’t care the Time, interest only on the movement .

Easy to use, high performance & accuracy to expect trend direction.

Full confidence to stick to keep the deal or abandoned .

Power Signal Can make from 10 to 1000 pips from 1 order.

Large wick-to-brick ratio illustrates strong indecision / possible reversal

Small wick-to-brick ratio illustrates little to no indecision / less likelihood of reversal

Congestion areas can be analyzed more efficiently with the true price

A wick endpoint can be utilized to determine an adaptive / dynamic trail more easily

A wick endpoint can be utilized to determine Support / Resistance areas more easily

Shows you a pair condition if the bearish /bullish as a percentage, ex: UP 33% or 67% Down.

Shows you five Support lines S and five lines of resistance R with a central pivot line with the values

Shows you the highest price and the lowest price recorded pair since the opening and closing session

Gives a signal to engage in Buy or Sell and exit points of the deal..

Work with All Currency Pairs Without Exception .

 

 

 

Page 7: Renko Trading System & Special Strategy

 

 

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Page 8: Renko Trading System & Special Strategy

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Page 9: Renko Trading System & Special Strategy

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Page 10: Renko Trading System & Special Strategy

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Page 11: Renko Trading System & Special Strategy

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Page 12: Renko Trading System & Special Strategy

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Page 13: Renko Trading System & Special Strategy

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Page 14: Renko Trading System & Special Strategy

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Trading off-exchange foreign currencies carries a high level of risk and may not be suitable for all investors. There is a possibility that you

may sustain a loss equal to or greater than your investment, so you should not invest or risk money that you cannot afford to lose

FAQ Q : Is this Manual trading system or Automatic trading EA ? A : this a manual trading system , all orders will be carried by trader manually Q : Is that system work on MT5 “Meta trader 5”? A : NO , work only on Meta trader 4 Build 600 & above . Q : Do you Guarantee profit or results with system? A : It would be lies to promise you guarantee of profit or results in the financial market, the risks always exist in financial market or trading. The profit & results will vary from person to person depending on skill, judgment, confidence, availability to be on screen and the risks taken. Q : Do you provide any kind of back-test or forward test results ? A : This is not Expert Advisor to do a Back-test , but we will add live trading case study videos from the time to time .

Q : How much profit would I make per month or per year with the system? A : Your ability to make profit depends on risk to reward level in trading and Money Management Strategies & it depend on lot size and your balance . Q : Does your system use specific stop-loss or target settings ? A : No but We recomand to set stop-loss between 20 , 30 , 35 pips for scalping .

It depends on the style of trading.

For Scalping & Swing trades, Stop-loss may be between 20 to 35 pips. For Long-term trading, we recomand Stop-loss may be between 45 to 75 pips. For USD/XAU (Gold) USD/DKK (Denmark Krone) trades Stop-loss may be 80 to 150 pips.

Q : What currency pairs of Forex pairs may this system has high performance ? A : We have tested this system since 2 years , for best performance you may use it on the following:

EUR/USD - EURO vs US-Dollar GBP/USD - Great British Pound vs US-Dollar GBP/JPY - Great British Pound vs Japanese Yen GBP/NZD - Great British Pound vs NewZealand Dollar AUD/USD - Australian Dollar vs US-Dollar NZD/USD - NewZealand Dollar vs US-Dollar USD/CHF - US-Dollar vs Swiss Franc USD/CAD - US-Dollar vs Canadian Dollar USD/DKK - US-Dollar vs Denmark Krone EUR/JPY - EURO vs Japanese Yen AUD/JPY - Australian Dollar vs Japanese Yen CHF/JPY - Swiss Franc vs Japanese Yen EUR/AUD - EURO vs Australian Dollar EUR/CAD - EURO vs Canadian Dollar

Please Avoid to use this system with : Some brokers has not Full history for this pairs , system can’t display a sufficient number of candles Which does not give a clear vision on renko chart , so do not use the following currency pairs .

EUR/GBP - EURO vs Great British Pound USD/JPY - US-Dollar vs Japanese Yen EUR/CHF - EURO vs Swiss Franc AUD/NZD - Australian Dollar vs NewZealand Dollar

Q: What types of Commodities may this system work ? A : In Commodities you may use it on the following:

GOLD : You can change value of : RenkoSizeBox : 25 or 50 depend on your trading style : Scalping , Swing , Tradeday

XAUUSD - GOLD vs US-Dollar XAUGBP - GOLD vs Great British Pound XAUAUD - GOLD vs Australian Dollar XAUEUR - GOLD vs EURO

OIL

USOIL - WTI USA UKOIL - BRENT UK OIL PRICE

ARGENT

XAG/USD : Argent vs US-Dollar XAG/EUR : Argent vs EURO

PLADIUM & PLATINUM

XPD/USD : Argent vs US-Dollar XPT/USD : Argent vs US-Dollar

Page 15: Renko Trading System & Special Strategy

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Trading off-exchange foreign currencies carries a high level of risk and may not be suitable for all investors. There is a possibility that you

may sustain a loss equal to or greater than your investment, so you should not invest or risk money that you cannot afford to lose

Q : may this system work Stock Indices ? A : yes of course ,

AMERICAN STOCK INDICES

DOW JONES S&P500 & Mini S&P500 NASDAQ100

EUROPEAN STOCK INDICES

DAX (Germany) FTSE100 (United Kingdom) CAC40 (France)

Q : I am new Trader , do you Teach forex ? A : Actually NO , but we give squeezer of our experience and give you different advice.

Q : Is there ways to automate Trading ? A : This is strictly manual trading system, This system needs your decision and skill to make profit. However We are currently developing an automated trading system on this indicator with money management and control signal . Q: Do customize this indicator for me ? A : NO , we don’t offer programming service at present time , All software is intended for commercial use under license of CIT Investing Group . Q : I want trade on part-time basics , how it work ? A : Sure , focus on economic news & event and take action for long-Term trading , and do not forgot to set Afdorable stop-loss In case if . Q : I have a lot of money, I am looking for fund manager, Will you manage my account? A :NO ! I don't manage any tird-Party accounts or accept investor. I am private Individual trader who trades for myself , I dislike I do not like carrying the burden and hardship or taking responsibility of others . Q : My country does not support the payment method to buy, What should I do ? A : If your country does not support Paypal you can use : Neteller , Payza or Wire transfer in USD or EUR .

Just fill necessary information Order form include all inforamation : FULL Name , Country , Adress , ID Card or Passport number And transaction reference number made to our account with receipt . Download ORDER FORM here : http://www.renkotrading.com/order.pdf Submit all this infos by email to : [email protected] I would like to buy this system, but fee is too high for me ? If you trade only 0.5 lot , and make 50 pips only you can buy this system for making thousands of pips .

Is there is Phone support or live chat support ? There is no Phone support , The reason is that "WE" need to focus on the trades, Hence e-mail is the best way to reply when trading activity has ended and we can control all messages and reply all of them in short time during 24h/5 a week , Saturday & Sunday during the day GMT+1 support solely limitted to respond to purchase orders and delivery .

Problems : Offline chart dead and not move , Why ? Make sure that M1 is open & equipped with Converter expert and active , because M1 chart must be opened to emulate data values to offline chart . Renko Expert Convertor not creat the offline chart on M2 ? Make sure that forex session is open and trading is allowed , not work When the stock markets closed or holidays . Some part of indicator hidden do not appear as required ? Verify that this copy is licensed for your account Number , copy work only with account wich you request license for . The index shows a few of the candles , is that problem ? No this is not a problem at all , there is 3 Logic reasons : - Maybe you choosed a currency pairs that not recomanded by us . - Maybe you forgot to download data on M1 from history center . - Maybe the broker has archived all old Data and historic .

: : Disclaimer : : Dear All Traders , do not try to use unlicensed copy , each copy license only for 1 account number of his owner , If the account is not authorized to use this indicator , will give an warning message wrong data are given asynchronous may lead to a loss , Because the most important functions of the indicator be paralyzed & not real time .

Page 16: Renko Trading System & Special Strategy

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Trading off-exchange foreign currencies carries a high level of risk and may not be suitable for all investors. There is a possibility that you

may sustain a loss equal to or greater than your investment, so you should not invest or risk money that you cannot afford to lose

This brings us to the end of the Renko Trading Strategy, I hope you have enjoyed reading about my system if you have any questions at

all then don’t hesitate to contact us

AUTHOR

My name is KHALID , I’m a Forex Trader & Business Developer , Has License & Master's Degree in Communication & Digital Processing. Over the past 4 years I have provided invaluable training and coaching Online to +300 novice forex traders from all the world .

I have teached them how to trade forex based Pro-rata basics (proportional & Ratio) wich is important factor for portfolio management on candlestick charting, Now I have finally developed an efficient Strategy based on Renko trading system which allows you to trade with “Zero Chart Patern Knowledge“

Yes, I said Zero Chart Partern Knowledge ! After many years of helping frustrated forex traders to reach

his goals, I have discovered many factors why some traders fail

Drift behind many complex strategies rather than develop their own trading style .

Follow-up time chart boring them, and lead them to rush decision (Lack of patience)

Lack of knowledge of capital management, incompatibility of the size of the contracts with their wallets

Greed always hurts , And conviction is Inexhaustible treasure for ever .

lack the personal discipline to exploit their profitable edge in the markets.

Some traders didn’t care for economic events and prediction news .

This system has been piloted in trading in the forex market, 17 Months ago, also proved its worth and strength in forecasting the movement of prices, and thus has been adopted as a formal trading on the chart, and got the satisfaction of many of our customers. Ease of the program and work to make trading easy, increasing customer enthusiasm in profits day after day , by many personal testimonies declare that they made a fold profits with our system in the first weeks only

Page 17: Renko Trading System & Special Strategy

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