I am starting Renko day trading training for 2019 predominantly British Pound Renko trading and oil futures. The quantity of Index futures Renko trades has decreased, due to recent volatility and fast markets but will continually be reviewed.
Step by step approach for learning Renko chart trading, beginning with the basics of the Renko method and system. Then start practicing trading the Renko system with the objective of advancing to the trading of the full Renko method.
When Renko system trade setup trading we use a combination of multiple setup components instead of single components like an indicator or pattern break trigger only. By requiring multiple component trade setup confirmation, we are able to avoid many low odds for profit trading conditions.
When comparing a Renko trading system and Renko trading method, you will find significant differences. Our Renko method allows for trade filtering to avoid low odds trades, along with profit expansion strategies. A Renko system would instead take all trades mechanically regardless of conditions and also take the same size profit mechanically too, which is why I would say that the best Renko trading system is a Renko method.