free download ForexRacer Professional Renko trading System for mt4
Always enter the trade 1-2 pips bellow/above retracement or breakout line.
Exit Rules Study trade examples bellow for all rules.
1. FR-Trend indicator change color.
2. Brick (candle) change color.
StopLoss Rules Never work without StopLoss.
By default use approximately 50 pips and then calculate StopLoss more precisely.
Little tricks 95% of time those currencies goes on same direction and predict each other. About 70% of time London and NY sessions change trend direction – be careful. Exit and enter points not only indicators set up matter but also time matter. For Intraday trading we recommend brick size 10 (default).
For Positional trading change brick size to 30 (in your EA inputs).
If you trade EUR/USD or GBP/USD always keep open 2 charts.(EUR/USD, GBP/USD) Trade the pair on which you see more clear picture.
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