HMA, Half Trend with MeanRenko Scalping

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.
HMA, Half Trend with MeanRenko Scalping
In the pictures examples of trades.




2 Comments

  1. Hi, thanks a lot for sharing, how do i switch into Renko Chart? Great Work

    ReplyDelete
  2. Hi how can i disable the VA Indicator?

    ReplyDelete

Post a Comment

Previous Post Next Post