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Re: ATR BANDS RENKO TREND TRADING STRATEGY

ramanthind02, Wed Mar 18, 2020 5:34 am

Type 2 trade (Trend indicator trade)
The chart is trending according to trend intensity (Orange/blue)
If price is overbought or oversold buy/sell into pullback
Enter on 1-hour chart using Black Xard candles for confirmation
Price must be in a trend (confirm with a trend line)
If you already traded breakout, do not trade type 2
Stop-loss maximum of 25 pips
Breakeven on 30 pips
Take profit at around 50 pips
If breakout has occurred
If following trend line CLEAR SIGNAL IS NOT NEEDED
If you get stopped out; look for re-entry in the same direction
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