The Renko chart with solar wind joy is a forex trading system. It is a highly reliable forex trading system. This forex trading system uses renko charts and some confirmation indicators which makes this indicator very reliable. The Renko chart with solar joy can be used by beginner traders as well as the expert trader to make money in the forex market in a consistent basis. Renko chart with solar wind joy forex trading system uses ten technical indicators but good news is we don’t have to use those entire indicators to make money using this forex trading system.
When the Renko chart with solar windjoy is correctly installed on your trading platform, your chart should look like this:
- Ichimoku Kinko Hyo
IchimokukinkoHyois a technical indicator. This is the major signal generator indicator of Renko chart with solar wind joy forex trading system. It is the white ribbon band that you can see in the main chart window. When the market is above this ribbon, the market is assumed to be up aand vice versa.
- Renko Bars
Renko Bars are the special types of bars which ignores the time and volume. It just focuses on price. The candles of the Renko bars are called bricks as they look like bricks.
- Solar Wind Joy
Solar Wind Joy is a technical indicator which consists of blue and red vertical bars. When the market is bullish, the solar wind joy is in the positive territory. Similarly, when the market is bearish, the solar wind joy is in the negative territory.
Buying Conditions Using Renko Chart with Solar Wind Joy.
- Market should cross above the Ichimoku Kinko Hyo
- The Solar Wind Joy indicator should be blue.
- The Renko Bars should be blue.
- Place your long positions as soon as above conditions are met.
- Place your stop loss just below the recent swing low.
- Take your profits when the Solar Wind Joy indicator dives into the negative territory.
Selling Conditions Using Renko Charts with Solar Wind Joy System.
- Market should cross below the Ichimoku Kinko Hyo
- The Solar Wind Joy indicator should bered.
- The Renko Bars should be red.
- Place your short positions as soon as above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profits when the Solar Wind Joy indicator rises to the positive territory.
Download Free Forex Renko Chart with Solar Wind Joy Strategy