This document provides a description of a Renko EMA trading strategy. The strategy looks for a trigger of either a 2 bar close or EMA cross. Positions are entered on the close of the second bar. Targets are major Fibonacci levels or reversals, with stops placed at 12 pips or below the 13 EMA, whichever is closer. Risk is managed at 2% per trade based on the stop loss.
This document provides a description of a Renko EMA trading strategy. The strategy looks for a trigger of either a 2 bar close or EMA cross. Positions are entered on the close of the second bar. Targets are major Fibonacci levels or reversals, with stops placed at 12 pips or below the 13 EMA, whichever is closer. Risk is managed at 2% per trade based on the stop loss.
This document provides a description of a Renko EMA trading strategy. The strategy looks for a trigger of either a 2 bar close or EMA cross. Positions are entered on the close of the second bar. Targets are major Fibonacci levels or reversals, with stops placed at 12 pips or below the 13 EMA, whichever is closer. Risk is managed at 2% per trade based on the stop loss.
This document provides a description of a Renko EMA trading strategy. The strategy looks for a trigger of either a 2 bar close or EMA cross. Positions are entered on the close of the second bar. Targets are major Fibonacci levels or reversals, with stops placed at 12 pips or below the 13 EMA, whichever is closer. Risk is managed at 2% per trade based on the stop loss.
I like these charts as they provide a clear support
SETUP resistance level, and direction….for me at least.
Trigger: 2 Bar close, or EMA Cross
Pattern: Target: Major Fib level, or reversal
Stop: 12 pip (2 bars) or 13 EMA
% Risk: 2
Position size: Based on Stop Loss
Reward: Risk Ratio:
Time Frame: Renko 6 tick
Price Cycle: N/A
Time Cycle: N/A
Volatility: Medium to High
Indicators: Renko chart 6 bar size Seasonality: N/A 13 EMA News: Avoid trades 1 hour before release. 200 EMA Can trade 30 mins after release for reversal.
Time Relationship:
Secondary Conditions:N/A Set up: 1. Always trade direction of 200 EMA 2. EMA’s cross or 2 bars close above 13 EMA for long, below 13 EMA for short.
Techniques Entry: Market Entry on Risk Management: 2% risk Exit: Next major Fib level, close of second bar based on 12 pip stop (2 or conservative exit when bars). Or, just below 13 Renko bar reverses. EMA whichever is closer
