Last updated: May 9, 2025

Channel Forex Renko Chart Strategy

This is another renko system that is a trend following system with price channel lines. The renko box size to be used is 5-10 pips. This system is applicable to
major pairs.

Forex Indicators:

• Ded,
• Fast TMA Lines,
• Heiken Ashi,
• KG Renko Range Bars,
• Offset renko,
• Support and resistance Barry,
• Timing indicator,
• Extreme channel,
• MA 50,
• MA 100.
• EA Renko: B625Renko

Buy Entry:

• Market must be an uptrend.
• Price must hit the lower bands.
• Heiken Ashi is blue.
• MA 50 is above the slow MA 100
• The timing indicator must be below 30 and crosses upward.

Sell Entry:

• Market must be a downtrend.
• Heiken Ashi is red.
• Price must hit the upper bands.
• MA 50 is under the slow MA 100.
• The timing indicator is above 70 and crosses downward.

Exit Position:

• Stop loss must be placed outside the signal bar, upper or lower band.
• It can also be placed at the support and resistance.
• Take profit at the middle band.