Renko Trading GBPJPY on the Forex market using the Trend Trader Strategy.
Renko Trading is becoming quite popular for traders using all markets not just the currencies. It is great for the forex pairs as the renko bars take out the noise you will find in the standard tick charts.
The settings have not been touch in a few months which is a good example that the strategy is robust.
Lets take a look at the key statistics for the Renko Trading Strategy on the GBPJPY SN152.
Renko Trader SN152
Overall Net Profit $10,549
Max Drawdow -$916
Average Trade Net Profit $97
Profit Factor 3.18
Win Rate 56%,
A $30 commission per trade is used to cover the spread and slippage on this forex market. The Equity Curve is smooth which we find is normal when trading GMT Futures systems using Renko charts. The periodic returns are fantastic and the best thing is that it is not trading that often.
Renko Trading GBPJPY Review
We have had so many requests in 2014 for more videos on Renko Trading using our systems. As requested we will post more videos on the Renko Trading Strategies and give you an update on a multi system strategy using Renko Trading Charts. Renko bars or Renko Charts can be used on Futures also which is what we will show you in the next few Renko videos.
If you would like more information on the Pro Trader Program and get a better understanding Renko trading using the Renko Trading please contact us today to start your day trading career in Forex, Futures and Stocks.
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Regards, Team GMT Futures
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Trading involves the risk of loss as well as the potential for profit. Please be advised that any advice provided by Key Equity Education Pty Ltd including this video on Renko Trading is general financial product advice only, and your personal financial circumstances have not been considered in its preparation. Please consult your licensed financial consultant to decide if trading in Securities, Derivatives, & Foreign Exchange is suitable for your personal financial situation.