The Rockin Renko Strategy – Forex and Nadex Strategy

STRATEGY NAME – The Rockin’ Renko

FOR USE ON – NADEX & FOREX

FILE PACK TO DOWNLOAD – CLICK HERE TO ACCESS

OTHER – You can use median renkos or you can use the live renkos provided by Slick Trade 

VIDEOS – password is slicktrade for all
Rockin Renko Strategy

Nadex Entry and Exit Using the Rockin Renko

Rockin Renko – Explained in detail

Best Entries for Rockin Renko Strategy

RULES –

Buy Entry – 
  1. Renko bar green and above the Hull Moving Average 200
  2. Hull Moving Average Buy
  3. TrendLord Green or has reached Purple Exhaustion
  4. Semafor Star or Dot painted previously
Buy Exit – 
Exit 1 – purple renko
Exit 2 – my favorite – Exit based on hull moving average 14 showing sell (purple)
Exit 3 – most profitable – Exit based on on previous support/resistance level reached
Sell Entry and Exit Opposite of Buy Entry and Exit Rules

For Nadex Only Users:

If you only trade Nadex, you can also use this strategy by entering an ATM, OTM or low risk spread in the direction displaying.

BUY Example

  1. Renko bar green and above the Hull Moving Average 200
  2. Hull Moving Average Buy
  3. TrendLord Green or has reached Purple Exhaustion
  4. Semafor Star or Dot painted previously
  5. Switch over to the Nadex platform and choose a time frame that is a few hours out.  Example: The trade sets up at 6am, so look at 11am expiries on Nadex.
  1. Look for an ATM, OTM or spread available trade on the Nadex platform and set a $10-$25/contract TP amount.
    1. ATM = around $50 risk per contract with a TP of $10-$25/contract.
      1. Example Buy – You enter a Buy @ $50/contract – set your TP @ $60-$75/contract.
      2. Example Sell – You enter a Sell @ $50/contract – set your TP @ $40-$25/contract.
    2. OTM = around $20-$30 risk per contract with a TP of $10-$25/contract.
      1. Example Buy – You enter a Buy @$20/contract – set your TP @ $30-$45/contract.
      2. Example Sell – You enter a Sell @$80/contract – set your TP @ $70-$55/contract.
  2. Exit the trade as soon as your exit preference is reached
  3. By exiting as soon as the opposite direction shows, you are minimizing loss. Re-enter as soon as the setup occurs again, that’s it!

Screenshot 2015-12-18 14.12.10


Median Rockin Renko Strategy – Forex and Nadex Strategy

  1. Download the files
    1. Open your MT4 platform
    2. Go to File > Open Data Folder > MQL4 > Indicators
    3. Copy the two .ex4 indicator files into the folder
    4. Go back to the main Data folder and open the templates folder
    5. Copy the Slick Trade Rockin Renko 2020.tpl template file into the folder
    6. Close MT4
  1. Download the Median Renko Bars – Then scroll down to Median Renko Plugin for MT4
  1. How to Install the Median Renko on MT4
  1. How to open a chart and get going!
  1. Choose New Chart
  2. Select your forex pair, commodity or indice
  3. Switch to 1 minute timeframe

uc one minute

  • Drag the Renko Median Indicator from the Navigator, over to your new chart

drag renko indicator

  • Change the candle body size in pips to 15 for forex pairs and 20 for indices
  • Change the Retracement factor to .2

change inputs

  • After initializing is complete, choose File > Open Offline > Select the same chart for M3
  • After the chart for M3 opens, Right Click > template > SLICKTRADE_ROCKIN_RENKO

Indicators –
Median Renko Bars – M3 offline chart
Semafor
KG Support/Resistance Lines
TrendLord (60)
ZigZag Arrows
hull moving average (30)
Buy Entry – 
Median Renko Bar Green
ZigZag Arrow Green
Hull Moving Average Green
TrendLord Green or has reached Purple Exhaustion
Semafor Star or Dot painted previously
Buy Exit – 
Median Renko Bar Purple or Previous Support Level Reached
Sell Entry and Exit Opposite of Buy Entry and Exit Rules
Rockin Renko Entry Exit

TRADITIONAL ROCKIN RENKO STRATEGY

Rules for Forex Entry and Exit:

  1. Watch for the 7 and 14 moving averages to cross (blue and purple)
  2. Look at the 100 moving average (green) overall trend…does it match the direction of the 7 and 14?
  3. Is the FerruFX indicator showing the same trend direction?
  4. Has the Stochastic indicator crossed toward the same direction?
  5. Is the Median Renko bar showing the same trend direction color?
  6. For added security, is there a dot or Sun showing the same direction? (optional)
  7. Take the trade in the direction the trend is displaying after the above rules are met.
  8. Exit the trade as soon as a Renko bar forms that indicates the opposite direction
    1. Example – you were in a Buy position, you would exit as soon as a purple renko bar forms
  9. By exiting as soon as the opposite direction shows, you are minimizing loss. Renter as soon as the setup occurs again, that’s it!

Rules for Nadex Entry and Exit:

  1. Watch for the 7 and 14 moving averages to cross (blue and purple)
  2. Look at the 100 moving average (green) overall trend…does it match the direction of the 7 and 14?
  3. Is the FerruFX indicator showing the same trend direction?
  4. Has the Stochastic indicator crossed toward the same direction?
  5. Is the Median Renko bar showing the same trend direction color?
  6. For added security, is there a dot or Sun showing the same direction? (optional)
  7. Switch over to the Nadex platform and choose a time frame that is a few hours out.  Example: The trade sets up at 6am, so look at 11am expiries on Nadex.
  8. Look for an ATM or OTM available trade on the Nadex platform and set a $10-$25/contract TP amount.
    1. ATM = around $50 risk per contract with a TP of $10-$25/contract.
      1. Example Buy – You enter a Buy @ $50/contract – set your TP @ $60-$75/contract.
      2. Example Sell – You enter a Sell @ $50/contract – set your TP @ $40-$25/contract.
    2. OTM = around $20-$30 risk per contract with a TP of $10-$25/contract.
      1. Example Buy – You enter a Buy @$20/contract – set your TP @ $30-$45/contract.
      2. Example Sell – You enter a Sell @$80/contract – set your TP @ $70-$55/contract.
  9. Exit the trade as soon as a Renko bar forms that indicates the opposite direction
    1. Example – you were in a Buy position, you would exit as soon as a purple renko bar forms
  10. By exiting as soon as the opposite direction shows, you are minimizing loss. Re-enter as soon as the setup occurs again, that’s it!

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