When determining the direction of the current trend, one should take into account the older Time Frames H1 – MN1.įollow the direction of the trend and do not be late with the opening of the transaction when both indicators are colored the same after the close of the signal candle. This is common sense, because “Trend is your friend.” And the MTF TrendBar indicator, which is located in the upper right corner, will help us understand the direction of the trend: Take Profit (Closed) – when the first opposite color appears after closing the current candle.ĭevelopers recommend opening deals only in the direction of the trend.
SELL -when both indicators (Signal and Confirmation) are colored red (after closing the candle) The RenkoLiveChart_v3.2 EA is attached in the archive with the system (you can download it at the bottom of this post).Ĭonfirmation Indicator (RenkoMaker_Confirm.ex4)īUY – when both indicators (Signal and Confirmation) are colored green (after closing the candle) In addition, you can use the Manual to assist in the installation. Installing Renko Maker Pro is similar, just use the RenkoMaker Pro.tpl template. The video shows the installation for Renko Street Trading System.
For those who do not know how to do this, watch this video and do the same The system is installed on Renko charts, so you must first prepare a chart.