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Renko channel + Fast EMA = simple and profitable (Renko channel + Fast EMA = simple and pr)

author blogger | 23 reads | 0 comments |
There are just 2 indicators, but looks how powerfull!

I just using this 2 indicators Fast3MA and Renkostreet_channel

http://s11.postimg.org/wxbhw53lv/Przechwytywanie.png
post images

Price channel repaint but it doesnt matter. It based on price action high and low, and if H/L got break its just reapint. For renko chart this is powerfull stuff. We need bounce of channel and react for fast EMA.

Its would be nice if somebody, for example MathTrader7 who is very smart programmed would make EA for it.
Simple rules = React price for high low of channel = bounce and close below of EMA for sell or above ema for BUY

We can filtr for better entry in 200 EMA direction.

STOP LOSS in last high or low of channel, we exit, when candle close above or below EMA in opposite direction.

Holy Grall?

Edit. I upload also mql version of channel - here not dot but arrow, but its same. Mql code just for programmers

Edit2: Here more clearly rules

http://s1.postimg.org/hf1t0ksr3/Przechwytywanie.png
pic host

1. Wait for bounce from channel
2. Candle reversal close below EMA for Sell, candle reversal above ema for buy
3. We exit only when candle close above or below EMA. Like in example in 3post

Candle need close!
Screenshot5.png Screenshot1.png EURUSDM1.png Screenshot2.png
Screenshot5.png Screenshot1.png EURUSDM1.png Screenshot2.png
Screenshot5.png Screenshot1.png EURUSDM1.png Screenshot2.png
Screenshot5.png Screenshot1.png EURUSDM1.png Screenshot2.png
Screenshot5.png Screenshot1.png EURUSDM1.png Screenshot2.png
Screenshot5.png Screenshot1.png EURUSDM1.png Screenshot2.png

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