3# Goldflight's Renko strategy Trading System

Renko Chart Forex Strategy

Submit by Joy22



5 block renko chart.



10 ema (blue)
20 ema (red)
PJ- Over rsi 7-50-50
PJ- Over rsi 14-50-50
Pivot points on 1 min chart
FIBS on 1 min chart

(Optional) trailing stop EA.

Goldflights HA Smoothed

 Long entry:

  • Block closes above 10 ema, 10 ema above 20 ema, PJ rsi 7 and 14 green.

    Short entry:

  • Blocks closes below 10 ema, 10 ema below 20 ema, PJ rsi 7 and 14 red

The trailing ea on the 1 min chart set at 15 pip s/l, 100 pip t/p, 15 pip trail stop, move to break even 15 pips, and 2 pip lock.

In the picture Goldflight's Renko strategy forex system in action.

Pj-over RSI forex indicator free download

Share your opinion, can help everyone to understand the forex strategy.

Write a comment

Comments: 4
  • #1

    mohsen (Friday, 23 May 2014 20:29)


  • #2

    Matthew Bouchard (Monday, 03 November 2014 17:55)

    What is a good exit plan on this strategy? I have been killing it! But I keep exiting really late or to early. Any suggestions will help.

  • #3

    Vladimir Draganov (Friday, 12 December 2014 12:52)

    Hi Joy22,

    Your system is very helpful and is actually similar to mine. It will help produce more accurate signals. Here are what comments I have.

    1. I have taken off all pivot levels and simply changed it with "Sweet Spots" indicator - this draws a line on round levels and mid levels of price movement. For example - 1.5000/round level/ 1.5050/mid level/
    2. I am taking into consideration Heiken Ashi smoothed especially on cross overs. For confirmation close to a price round level or a mid one as mentioned above.
    3. ADX crossing is lovely indicator, but I am not sure if stays once it shows or repaints. I am only looking at dots for confirmation especially on levels from Sweet Spots
    4. I am using 10 pip brick on "S-renko bars"

    I can attach the indicators if needed.

    Thank you and great work!


  • #4

    Hans (Saturday, 16 July 2016 01:51)

    Great strategy. Money machine!!

Trading Indicator
Goldflights HA Smoothed .zip
Compressed Archive in ZIP Format 51.6 KB
Forex Indicator
Pj-over RSI.rar
compressed file archive 2.6 KB

Renko Forex Strategies