Renko Chart and Magnetis Line

Renko Chart and Magnetis Line forex strategy is simple strategy but very profitable. It has several indicators used to predict price direction and knowing when price has reached over bought or over sold. Can be used in many pairs like EURUSD and GBPUSD.

What you need to setup this forex strategy?
All you need are indikators+Renko EA and guide how to install this indicator on your metatrader chart. You can download this indikator here Renko Chart and Magnetis Line Indicators

Open BUY Position :

• Observe the price must touch first magnetic white line (150)
• Shown blue SEFC Indi at least 2 boxes
• Red candle become blue candle (change in trend)
• MA Yellow Colour
• Blue uni cross appeared

Confirm to BUY
When all the preparations are being match with the rule above
Then: Blue + aqua candle was already above the Blue MA Line. BUY position can be done. SL 50 TP 50-100 pips

Open SELL Position :

• Observe the price must touch first magnetic white line
• Shown RED SEFC Indi at least 2 boxes
• Blue candle become Gold candle (change in trend)
• MA Yellow Colour
• Red uni cross appeared

Confirm to SELL
When all the preparations are being match with the rule above
Then: Red + gold candle was already below the Blue MA Line. SELL position can be done. SL 50 TP 50-100 pips

If the price touches the line magnetic red / blue (Magnetis 300).
BUY and SELL can be taken with the same rules as above, the differences are we use larger TP, it is 100-150 pips.  Happy Trading :)

Kijun-Sen Bandit Forex Strategy

“Kijun-Sen Bandit” Forex Strategy is a simple but powerful strategy in forex trading. Work fine in H1 Time frame for major currency pairs: EURUSD, GBPUSD, USDJPY and USDCHF.

Indicators: 

1. Kijun-Sen (26,9) - A key indicator in this forex strategy, because it enables the point of equilibrium in the market.  
2. Exponential Moving Average EMA (8) - red and EMA (24) - blue. 
3. The indicator forex BBands_Stop_v1 - based on Bollinger Bands. It allows you to define stop-loss level, a trend and reverse signal in the market. 
4. ADX (14), with set at levels 20, 30 and 40. 
5. Forex Indicator - MACD (12,26,9). 
6. Stochastic Oscillator - Stochastic (30,10,10), drag and placed it with MACD. ADX  was used to confirm a trading signals - determine the yield rates from the overbought and oversold (the intersection with the levels: 20 and 80).

Buy when:

1. The price rose above the indicator line Kijun-Sen (yellow line) 
2. Red EMA (8) crosses the blue EMA (24) from the bottom to up. 
3. The indicator BBands_Stop_v1 draws under the price of big red dot (hereafter becomes a line with points). 
4. ADX line and the line of DI should over its level 20 and growing. 
5. The histogram of the MACD indicator is located on the positive side (above its zero line).

Sell When:

Price and indicator move opposite the BUY rule.

Stop Loss:

For safety stop-loss order should be set higher by 1-2 ticks level indicator forex BBands_Stop_v1. And then it should move forwards prices higher next traced the points of the same indicator (BBands_Stop_v1). 

Close Position:

To closig position should be in any of the 2 cases: 

1. Candle closed at the opposite side of the indicator Kijun Sen. 
2. Reverse the intersection of 2 exponential moving averages. For opening and closing on sale of acting opposite rule. 

Addendum: Move your stop loss to breakeven after reached 20-30 points in the direction of trade position. And also, if you wish, you can close part of the position.


Download Kijun-Sen Forex System Indicator:    

• 4shared.com   or   
• Mediafire.com  ( pass: www.proforexstrategy.com )