This Forex Renko Charts FX Trading System has been developed by Jerry who is a CTA (Commodity Trading Advisor). Most indicators are lagging. Lagging means most of these indicators lag behind price action. When the move has taken place you will get a signal. So this lag means you will always be later when entering into a trade. Jerry after testing a lot of indicators stopped trading with indicators. Now he only trades uses Forex Renko Charts. Renko charts were also developed by Japanese. Renko in Japanese means brick. Take a look at the following screenshot:
Do you get any sense in which direction the market is moving when look at the above chart. Now take a look at the following screenshot of the same price action using Forex Renko Charts!
When you look at the Forex Renko Chart of the same price action, you get a much clear much picture of where the price action is moving and when it is going up and when it is reversing and going down. Now below is another screenshot that shows the lagging nature of most forex indicators!
As you can see in the above screenshot when the indicator gives the buy/sell signal most of the move has already taken place. This Forex Renko Charts FX Trading System will give you a specific setup on the Forex Renko Chart on any timeframe that will tell you when to buy/sell. When you download this system, you will get a manual plus a FREE Forex Renko Charts package that you can install in just 10 minutes on your MT4 platform. Jerry is also going to show you which size of renko bars to use and which timeframe to use when scalping, swing trading and position trading.