Trading in trend with EMAs for Renko Chart

Trading in trend with EMAs for Renko Chart is a trend following strategy.

Currency pairs:any:

Box size 4 pips or higher.

Forex Indicators

50 EMA, close,

110 EMA close,

MACD (4,8,8)

Trading rules

Buy

Price is above EMAs for long.

50 EMA above 100 EMA,

Ideally for long entry is when the price pulls back on the EMAs and

MACD crosses above zero level.

Sell

Price is below EMAs for long.

50 EMA below 100 EMA

Ideally for long entry is when the price pulls back on the EMAs and

MACD crosses below zero level.

Place initial stop loss on previous swing high/low.

Profit Target is discretionary.

In the pictures Trading in trend with EMAs for Renko Chart.

Below the link for download the indicator renko live chart 600 MT4 for build renko chart.

https://drive.google.com/file/d/0Bwjv2Pbf48iteHZvZmhiMl9wbVk/view?usp=sharing