尽可能简单：RENKO M5 交易 (As simple as possible: RENKO M5 trading)

It is time to give my contribution for FF community and provide the simplest RENKO trading that just recently discovered.
Headline starts with "As simple as possible" due to respect for an Udine to his 00 trading strategy. Best portfolio/risk management advises are given in that thread, plus i use some indie's that i found at Udine's thread.

So what you need for profitable RENKO trading:
1. RENKO bars on chart (M5 period with bars range of 5) (i am using s-Renko bars EA)
2. M-candles indicator with 1H time-frame (can find in Udine's thread)
3. Daily open line indicator (can find in Udine's thread)
4. Absolute Strength Histogram indicator (can find in Udine's thread)
And that's it!. Looks simple, yes?

Let's talk about entry signals. When you put all indies on your chart you need to consider these main points (for LONG entry):
1. Price should be above DO line
2. M-candle indicator should be green
3. Absolute Strength Histogram should change color from red to green
And that's it!. Looks simple, yes?

Let's talk about points to consider before entering a trade:
1. No longs @0.9 and shorts @0.1 levels
2. Spot support/resistance levels at renko chart
3. Avoid RED news time
And that's it!. Looks simple, yes?

I am using TP5 and SL10 pips for this strategy. Currently trading pairs which have high ADR and spread not bigger than 1.5 pips.
Example:



DONE. PDF & Happy trading.