Posted by: Froreilk
« on: November 03, 2023, 05:31:20 AM »Forex mt4 High Accurate RENEGADE TRADING SYSTEM Indicator FX Trading System
Forex mt4 High Accurate
RENEGADE TRADING SYSTEM Indicator FX Trading System.
The Renegade Trading System is a popular manual trading strategy that has gained a lot of attention in the forex community due to its ability to identify trend reversals and provide buy and sell signals. The system is designed to create a trading channel and analyze price movements to generate trading opportunities. In this article we will take a closer look at the Renegade trading system and explore how it works as well as its pros and cons. We also discuss some best practices for using this strategy to help traders make better trading decisions.
What is Renegade Trading System?
Renegade Trading System is a manual trading system that provides traders with trading signals to make informed trading decisions. This system relies on building a trading channel and analyzing trend reversals to generate trading signals. When the price reaches the lower border of the channel and the trend turns up, the system generates a BUY signal. On the other hand, when the price reaches the upper limit of the channel and the trend starts to reverse, the system generates a SELL signal. The system also includes an additional filter to remove false signals and increase trading accuracy. Traders can use green bars and above zero as a buy signal and red bars and below zero as a sell signal for filtering.
Renegade Trading System Strategy
Renegade Trading System is a manual trading system that generates trading signals based on trend analysis and price channel formation. The strategy works by identifying potential trend reversals and trading accordingly. If the price reaches the lower border of the channel and the trend is up, the indicator shows a BUY signal.
On the other hand, if the price reaches the upper limit of the channel and starts to reverse the trend, the indicator shows a sell signal. In addition to the main indicator, the system also includes a filter in a separate window that helps remove false signals and increase the accuracy of trades.
To effectively use the Renegade trading system, traders can wait for a clear signal from both the main indicator and the filter before opening a position. A stop-loss can be set a few pips below the entry for buy positions or a few pips above the entry for sell positions. The system can be used in conjunction with other technical analysis tools to further confirm trading signals and improve the overall accuracy of the strategy.
Buy signals
Wait for the price to reach the lower border of the trading channel and the Renegade Trading System indicator to show a BUY signal.
Look for green bars above zero in the Renegade Trading System filter indicator.
Enter a long position when the above conditions are met.
Set a stop loss below the entry candle or according to your risk management strategy.
Set a take profit level based on your trading strategy or let the situation play out until the Renegade trading system generates a sell signal.
Sell signals
Wait for the price to reach the upper border of the trading channel and the Renegade Trading System indicator to show a SELL signal.
Look for red bars below zero on the Renegade Trading System Filter Indicator.
Enter a short position when the above conditions are met.
Set a stop loss above the entry candle or according to your risk management strategy.
Set a take profit level based on your trading strategy or let the situation play out until the Renegade trading system generates a buy signal
Item Will be sent directly to your eBay inbox, as a download, within 24-48 hours of purchase.
WE DON'T SEND CD OR ANY OTHER HARD COPY TO YOUR PHYSICAL ADDRESS.
*******~~~Thank you ~~~*******
See this Item
Forex mt4 High Accurate
RENEGADE TRADING SYSTEM Indicator FX Trading System.
The Renegade Trading System is a popular manual trading strategy that has gained a lot of attention in the forex community due to its ability to identify trend reversals and provide buy and sell signals. The system is designed to create a trading channel and analyze price movements to generate trading opportunities. In this article we will take a closer look at the Renegade trading system and explore how it works as well as its pros and cons. We also discuss some best practices for using this strategy to help traders make better trading decisions.
What is Renegade Trading System?
Renegade Trading System is a manual trading system that provides traders with trading signals to make informed trading decisions. This system relies on building a trading channel and analyzing trend reversals to generate trading signals. When the price reaches the lower border of the channel and the trend turns up, the system generates a BUY signal. On the other hand, when the price reaches the upper limit of the channel and the trend starts to reverse, the system generates a SELL signal. The system also includes an additional filter to remove false signals and increase trading accuracy. Traders can use green bars and above zero as a buy signal and red bars and below zero as a sell signal for filtering.
Renegade Trading System Strategy
Renegade Trading System is a manual trading system that generates trading signals based on trend analysis and price channel formation. The strategy works by identifying potential trend reversals and trading accordingly. If the price reaches the lower border of the channel and the trend is up, the indicator shows a BUY signal.
On the other hand, if the price reaches the upper limit of the channel and starts to reverse the trend, the indicator shows a sell signal. In addition to the main indicator, the system also includes a filter in a separate window that helps remove false signals and increase the accuracy of trades.
To effectively use the Renegade trading system, traders can wait for a clear signal from both the main indicator and the filter before opening a position. A stop-loss can be set a few pips below the entry for buy positions or a few pips above the entry for sell positions. The system can be used in conjunction with other technical analysis tools to further confirm trading signals and improve the overall accuracy of the strategy.
Buy signals
Wait for the price to reach the lower border of the trading channel and the Renegade Trading System indicator to show a BUY signal.
Look for green bars above zero in the Renegade Trading System filter indicator.
Enter a long position when the above conditions are met.
Set a stop loss below the entry candle or according to your risk management strategy.
Set a take profit level based on your trading strategy or let the situation play out until the Renegade trading system generates a sell signal.
Sell signals
Wait for the price to reach the upper border of the trading channel and the Renegade Trading System indicator to show a SELL signal.
Look for red bars below zero on the Renegade Trading System Filter Indicator.
Enter a short position when the above conditions are met.
Set a stop loss above the entry candle or according to your risk management strategy.
Set a take profit level based on your trading strategy or let the situation play out until the Renegade trading system generates a buy signal
Item Will be sent directly to your eBay inbox, as a download, within 24-48 hours of purchase.
WE DON'T SEND CD OR ANY OTHER HARD COPY TO YOUR PHYSICAL ADDRESS.
*******~~~Thank you ~~~*******
See this Item