![]() ![]() To be a profitable trader you need to master discipline, emotions, and psychology. Set stop loss a few pips above the last swing high of the marketĪs always, to achieve good results, remember about proper money management.Sell trade is triggered after the above conditions are met.Price swings lower from recent high swing.Take profit or exit trade after reaching Risk:Reward ratio of 1:1 or more, or use your own method of trade exit.Set stop loss a few pips below the last swing low of the market.Buy trade is triggered after the above conditions are met.Price swings higher from recent low swing. ![]() Take a look at the detailed instructions below. The best signals are provided when a very thin box occurs, after that sideways movement. You should avoid trading wide boxes, as it indicates sideways movement. How does it work? How to apply in trading?Īs you can see, the Renko Boxes Chart Indicator draws boxes with different thicknesses. ![]() Feel free to experiment with the settings and parameters to fit your personal preferences. The default settings can be modified directly from the input tab. It is displayed directly on the main trading chart. The Renko Boxes Chart Indicator fits all kinds of timeframes and currency pairs. Trading with such Renko Boxes Chart helps in getting a clear picture of the market and reducing unwanted market noise. It makes an analysis of the price movement and then draws boxes according to that movement. The Renko Boxes Chart Indicator displays Renko Boxes directly on trading chart. Introduction to the Renko Boxes Chart Indicator ![]()
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