Renko Forex strategy - Let's make money

Imprint

Copyright: © 2014 Géza Várkuti

Published by: epubli GmbH, Berlin, www.epubli.de

ISBN 978-3-7375-2629-6

Table of Contents

Imprint

Results*

Prologue

The Renko chart

Renko chart in MetaTrader 4

The use of the Renko chart

Renko zig-zag strategy

Entry – Stop - Closing

Pull into breakeven

Reopen

Lossy situations

Breakeven situations

Profitable situations

Summarizing

Difficulties - errors

Results – alternative exit strategies

XAUUSD

DAX

GBPJPY

Summarizing

Automated version – Expert Advisor

The author

Terms

High risk warning

Results*

First of all, I think everyone is interested in how profitable this strategy is, the results are available here:

2012

XAUUSD 1952 pip

2013

XAUUSD 4118 pip

Until 30 September 2014

XAUUSD 1916 pip

GER30 (DAX) 2690 pip

GBPJPY 1756 pip

*

Past

and

back test

data do not

constitute guarantees

of future

performance

.

Prologue

The first step on the road to perfection is to focus on the essentials. There is an ancient Japanese proverb, which sounds like this. It hasn´t been put here by accident.

 On the following pages a centuries-old Japanese technique, the actual application of t