Forex Channel Trading Renko System for Mt4
4 stars based on
With a little more time on his hands, his analytical mind and love of details led him to the world of Forex. At first he had limited success but then he began to notice forex channel trading renko system review cycles repeating themselves again and again and again …. Almost any broker and their free charts can be used to trade Forex Hijacker. The 10 minute a day version of the system means you can trade before you leave for work and still make as much as XX mysteriously left blank for some reason unknown forex channel trading renko system review us points profit per week.
The success rate of the system is also blank, again we know not why! Forex Hijacker comes as a 79 page manual. The first half is devoted to introducing the reader to Forex, Opening a trading account, Reading a candlestick chart, Trade placement and management. Of interest only to those who are completely new to trading. Forex channel trading renko system review Basic strategy is the simplest and clearest, it is also the 10 minute a day version referred to on the sales page.
The Fly past and RTC strategies are a little more complex, require more time and are more discretionary than the Basic strategy. For review purposes we concentrated on the more mechanical Basic strategy as it would mean our results would include almost no discretion.
This system is simple to set up as no technical indicators are used at all. Identifying the channel is reasonably easy if done according to the manual, it only becomes confusing when read in conjunction with the daily email update. The main reason for deviation was that we always made sure our channel straddled the dateline whereas quite often the email update seemed to ignore this point made in the manual.
This is slightly irrelevant as Jason quite rightly notes that you do not have to reference his email and that you can do this yourself. In our opinion all traders should, as best they can, be independent of external dependency, so we stuck with calculating our own channels as defined in the manual.
Trading around GMT is suggested. We did still base our trading on the channel in place up to though. If the trade had moved so much we missed it we simply noted a no trade day, this occurred just once.
Some suggestions are made in the manual, e. Through December and January our results were as follows:. A system which takes little time Basic method and one where we have basically broke-even. The system is something we consider may be of interest to complete beginners with little time to spare who are looking for a way into Forex, basic chart reading and order placement.
More experienced traders may find more mileage in applying more discretion by following the email updates and the 2 other strategies if the trading hours suit. Do remember, your comments are important — If you have used or decide to use forex channel trading renko system review system, please contribute to the community by reporting back your findings.
This is a selection of key posts and comments from the original forum prior to the rebuild. Under no circumstances should anyone part with nearly quid, all he is doing is rehashing stuff from other websites market makers theory.
Viewing 2 posts - 1 through 2 of 2 total. April 18, at 3: Forex Hijacker Review — Jason Alexander. You must be logged in to view attached files. Members can post and subscribe forex channel trading renko system review threads like this one. And also receive an email every time we post a new review. Systems For Traders had to be rebuilt in This is a selection of key posts and comments from the original forum prior to the rebuild. I tried this system and was left disappointed.
You must be logged in to reply to this topic. Systems We Use None at present. Services We Use None at present.