HMA,
Half Trend with MeanRenko Scalping is a trading system based on
Meanrenko chart with trend following indicators as Hal Trend, HMA,
VH, Heiken Ashi. Trades are generated when indicators agree. Trades
are generated when indicators agree. The interesting feature of the
Renko charts is that of reducing noise and making the time series of
prices represented by the chart clearer and easier to interpret, not
only that but also the support and resistance levels are easier to
identify.
Renko
Box size variable (from 3-8 pips) depends by pair.
Metatrader
4 Indicators
HMA
V.2 moving average period 144, close.
VH
trend indicator
Half
Trend Amplitude 2 perids.
Heiken
Ashi indicator.
Pivot
levels D Blck
Trading
Rules Median HMA, Half Trend with MeanRenko Scalping
Long
entry
HMA
buy arrow
VH
blue line
Half
trend buy arrow.
Aggressive
only also only two indicator in the same direction (only with high
volatility for expert).
Shor
Entry
HMA
sell arrow
VH
red line
Half
trend sell arrow.
Aggressive
only also only two indicator in the same direction (only with high
volatility for expert).
Exit
position
Initial
stop loss on the previous swing high/low.
Profit
Target predefined or at opposite arrow.
This
strategy is suitable for antimartingale compund posistion for exit in
the picture an example.
In
the pictures examples of trades.
Hi, thanks a lot for sharing, how do i switch into Renko Chart? Great Work
ReplyDeleteHi how can i disable the VA Indicator?
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