Mar 27, 2014 – A 4-hour chart is used to actually load enough price data to be able to identify the direction of the trend. … Today's strategy will marry up Forex Renko charts with a 200 Exponential Moving Average (EMA) to find trend direction. Very simply, if price is trading above its 200 EMA, then the trend is up.

Apr 4, 2016 – Renko Chart create a Blue Candle Which is crossing above 20 period Moving Average then take Long on closing of candle. – EMA shape points upwards and MACD crossing up for Long entry. Exit rule is Simple, as Renko chart form first Red candle exit trade on closing of candle.

Charts are essential in Forex trading. Nowadays you cannot trade Forex effectively without a chart. The most popular Forex charting style is the.anese candlestick chart. Some other types of charts that are regularly used by traders include the line chart and the bar chart. Today, however, we will discuss another charting …

Hey, I have been trading a simple Renko strategy for quiet some time now and it yields some very decent profits. Now I want to automate this strategy into an EA so that we dont have to wait for Renko bars to paint for long hours. The whole concept is about keeping the trading strategy simple yet Accurate …