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Ichimoku - RENKO
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I'm starting this thread as I haven't seen an Ichimoku thread directly relating to Renko.
For this strategy I'm using a 15 pip box and standard Ichimoku 9, 26, 52.
I'm not sure about using other indicators with Ichimoku, my heart tells
me to keep it 'pure' but I always seem to end up with additional
I trade long when a box closes outside the Kumo Cloud, the Tenkan Sen is
above the Kijun Sen preferably pointing up and the Chikou above the
price of 26 periods back, opposite for short.
After trying literally hundreds of 'holy grail' strategies Renko trading
combined with Ichimoku has been the first trading strategy that has
produced overall consistent profits for me, but I'm always looking for
that 'extra edge' to make it better.
As with most strategies this looks great when trending but ranges can
produce losses and any way of filtering ranges should be explored.
Anyone not sure what Ichimoku is please check here.
All contributions and trading ideas welcome.
Please add your own trading strategy, but only Ichimoku - Renko.
Renko EA v3.2 can be downloaded below.
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