Dema MACD Zones trend trading strategy for Renko charts

Trend Trading Strategy Dema MACD Zones is intended for use on Renko charts. The strategy is based on only three technical indicators and has very simple trading rules. Despite this, the entry signals of the Dema MACD Zones strategy have a very high accuracy.

Input parameters

  • Currency pairs: EUR/USD, GBP/USD, AUD/USD, USD/CHF, USD/JPY, AUD/JPY, NZD/AUSD, EUR/GBP, EUR/AUD, USD/CAD, GBP/JPY
  • Timeframe: Renco "brick" size 5 pips and larger
  • Bidding time: any
  • Risk management: after calculating the stop-loss, choose this lot sizeto risk no more than 2-5% of the deposit per transaction

Used indicators

  • Renko live chart indicator
  • Dema MACD Zones Trading (12, 26, 9)
  • ATR Stop and reverse (40, 9, 3.0)
  • Heiken ashi V.3

Setting up the price chart

  • Unpack the archive
  • Copy the template into the templates folder
  • Copy the indicators to the folder MQL4 -> indicators
  • Restarting the terminal
  • Open the chart of the desired currency pair
  • Install the Renko live chart indicator on the chart
  • Go to File -> Open Offline and select the chart of our instrument for the M7 timeframe
  • Install the template with the name dema MACD Zone Trading

The schedule should look like this:

Dema MACD Zones trend trading strategy for Renko charts
Dema MACD Zones Trading Strategy Template

Signals indicating the opening of a long position

  • Dema MACD Zones Trading indicator displays a green zone on the chart;
  • there was a blue arrow up the indicator ATR Stop and reverse;
  • Heiken ashi candle of blue color.
Dema MACD Zones trend trading strategy for Renko charts
Examples of entering a long position

Signals indicating the opening of a short trade

  • Dema MACD Zones Trading indicator displays a red zone on the chart;
  • there is a red arrow down the indicator ATR Stop and reverse;
  • Heiken ashi candle in red.
Dema MACD Zones trend trading strategy for Renko charts
Examples of entering a short position

Setting Stop Loss and Take Profit Orders

  • stop loss is set at a minimum distance of 5 Renko bricks from the entry point;
  • Take Profit is set at a minimum ratio of 1:1 to the stop loss. Also, the benchmark for closing a position is the formation of a peak on the indicator ATR Stop and reverse.

Trend Trading Strategy Dema MACD ZonesIn principle, it can be used on regular price charts, but the most profitable trading will be on Renko charts.

Before using the Dema MACD Zones trading strategy on a real deposit, we recommend you to test it on demo account.

Download Dema MACD Zones Strategy Template and Indicators

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