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Renko SIC System | Foreign exchange indicator download - MT4/MT5 resources

author EAcpu | 4 reads | 0 comments |
Hi guys.
I'd like to say at first that I'm not sure about anything...
I have a new idea for trading Renko patterns.
The market was closed when this idea was born, so be generous as I can't check my idea out right now.
I don't know if used indicators are repaint or not.
I hope the renko lovers say something interesting about this method.

So let's check the rules.

1. Wait for the color to change
2. Wait for the VCustom 3 brick to close above "Level 6" or below "Level -6"
3. Check support and resistance levels. If Sup/Res is slightly above price, do not buy.
Don't go for SELL if Sup/Res is just below the price
4. Wait for "Trend Direction" indi goes under (SELL) or above (BUY) middle lines
5. If all conditions are met you can proceed with the transaction.
6. Get 20 points and get out If PA doesn't open another candle, you can make another list...
If all conditions are met, you can re-enter and get the next 20 points

When will you go out?
When the trend direction index starts to fall or rise from its previous position, you must run away.

Now let me take you on my logical journey.

I'm going to explain one by one the 19 points I use to change the color of bricks and tell you why this one is a good or a bad thing...
1. VCustom 3 is not under “Level -6” -> Bad Transaction
2. All conditions are met, so it’s a good deal
3. Not meeting any conditions -> bad transaction
4. No conditions met -> BAD TRADE (But 1 brick later all conditions was met, so it's GOOD TRADE)
5. No conditions are met -> BAD TRADE (but after 2 bricks all conditions are met, so this is GOOD TRADE)
6. Not meeting any conditions -> bad transaction
7. All conditions are met, but our spread to SUP/RES is only about 13 pips, so I do not recommend this trade as a valid trade -> bad trade
8. Not meeting any conditions -> bad transaction
9. Not meeting any conditions -> bad transaction
10. Not meeting any conditions -> Bad Transaction
11. None of the conditions are met -> bad transaction (but after 1 block, all conditions are met, but we only have about 13 points of SUP/RES, so I don't recommend this transaction as a valid transaction -> bad transaction)
12. No conditions are met -> BAD TRADE (but after 1 brick all conditions are met, so this is GOOD TRADE)
13. No conditions are met -> BAD TRADE (but after 2 bricks all conditions are met, so this is GOOD TRADE)
14. No conditions are met -> bad deal (but after 1 brick all conditions are met, so it is a good deal)
15. Not meeting any conditions -> Bad Transaction
16. All conditions are met, so it’s a good deal
17. No conditions are met -> BAD TRADE (but after 1 brick all conditions are met, so this is GOOD TRADE)
18. Not meeting any conditions -> bad transaction
19. All conditions are met, so it’s a good deal

I also have an indi (arrow) on my chart that I didn't mention before, it's the SMA Crossover Justin.
I don't know if he repainted it...I'll check it out on Monday.
At the moment (when the market is closed) it looks good.

Importantly - with this rule we can avoid range markets.
We can enter the market only if all conditions are met.

I don’t know if I need SL?
Every time the color of the brick changes, we close the trade.
You can use SL when you're away from the screen, but what SL?
I hope you can figure it out

If anyone has questions please ask. I'll try to answer as soon as possible.

Of course, I apologize for the English errors.

stay green laxiore

appendix
[RAR] SIC system.rar 197 KB | 1,687 downloads | Uploaded at 6:49am on December 14, 2015
pic.pngJustin.pngVCustom.png
pic.pngJustin.pngVCustom.png
pic.pngJustin.pngVCustom.png
pic.pngJustin.pngVCustom.png
pic.pngJustin.pngVCustom.png
pic.pngJustin.pngVCustom.png

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