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.

In the pictures examples of trades.

Download HMA, Half Trend with MeanRenko Scalping.