9# 6-12 EMA's Renko Trading System
Renko 6-12
EMA's System
Hello everybody,
I have this idea, is a Renko
System with a great potential just need some fine tuning.
So I need your help.
These two files need to go into “experts” folder, both are EAs
-RenkoLiveChart_v3.2
-EMA_6_12_with_SL
Template:
Renko 6-12 needs to go into “Templates” folder
Settings for EAs see pics.
A lot of work needs to be done.
First we need to add a CCI filter period 24 to “EMA_6_12_with_SL EA”
so it can only open long position when 12EMA cross below 6EMA and CCI is 90 or over
Open short positions when 12EMA cross above 6EMA and CCI -90 or lower.
This is to avoid a lot of false entries.
Second we need to do some back testing, and try different settings– there is very little info on back testing Renko Charts.
In the pictures 6-12 EMA's Renko forex system in action.
Share your opinion, can help everyone to understand the forex strategy.
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Cesar Ruiz (Thursday, 14 September 2017 18:30)
There is a simple filter we can add: Ema xx periods > 50 to avoid false entries.
Another way is to use it with a box size > 12
Thanks
Cesar
[email protected]