Renko Adaptive Bands Trading

The Renko Adaptive Bands Trading is a forex trading system. It is a highly reliable forex trading system. It has been tested successfully and it generated extremely positive results during the back testing. The good thing about Renko Adaptive Bands Trading is that it has three indicators in the indicator window to confirm the trading signals generated by the main signal generator indicator. There are eight indicators used in the Renko Adaptive Bands Tradingindicator. You do not have focus on all those eight indicators individually in order to make profits. There is a way easier method to trade out of this system.

When the Renko Adaptive Bands Trading system is correctly loaded on your trading platform, your chart should look like this:

• HeikenAshi

The Renko Adaptive Bands Trading system uses HeikenAshichart. It is little different from ordinary candlestick charts because its OHLC prices are formed on the basis of averages. The past candle’s prices are used to form current candle.

• TMA Bands

The light blue bands and the red bands you can see in the main chart window are the TMA Bands. These bands play the roles of support and resistance. The lower bands which are light blue in color, acts as support zone while the upper bands which are red, acts as resistance zones.

• SmFisher Transform3

The SmFisher Transform3 is a technical indicator which consists of histograms. The histograms are blue when they are in the positive territory and the histograms are red when they are in negative territory.

• Repulse

Repulse is a custom designed technical indicator which is very similar to the SmFisher transform 3 but is built under different parameters.

• TrendWave

TrendWaveis a custom made technical indicator. This consists of two oscillators. The main thing to notice in this indicator is the two dots. The aqua color dot indicates the buying signal while the yellow dot indicates the selling signal.

Buying Conditions Using Renko Adaptive Bands Trading.

• The color of the HeikeiAshibars should be blue.
• The market should be bouncing off the TMA bands.
• The SmFisher Transform3 should be in positive territory.
• The Repulse indicator should be in positive territory.
• The green oscillator of TrendWaveindicator should cross above the red oscillator.
• Place your long position as soon as above conditions are met.
• Place your stop loss just below the recent swing low.
• Take your profit when the HeikenAshibars turn red.

Selling Conditions Using Renko Adaptive Bands Trading.

• The color of the HeikeiAshibars should be red.
• The market should be bouncing off the TMA bands.
• The SmFisher Transform3 should be in negative territory.
• The Repulse indicator should be in negative territory.
• The green oscillator of TrendWaveindicator should cross below the red oscillator.
• Place your short position as soon as above conditions are met.
• Place your stop loss just above the recent swing high.
• Take your profit when the HeikenAshibars turn blue.

Open demo account to test this system.

Download Free Forex Renko Adaptive Bands Trading System