Renko SuperTrend Reference
Trade renko charts and Japanese Candlesticks successfully with our Renko SuperTrend Reference algo
Flexibility and Profitability is what the Renko SuperTrend is all about
We are happy to be able to bring to the market a profitable and flexible algo able to trade both Japanese Candlesticks and Renko charts.
The SuperTrend Reference Trader algo for cTrader enables you to trade any financial instrument in a variety of different ways.
Swing Trade
You can use it as a means of Swing Trading, making use of the configurable SuperTrend indicator. Increase the SuperTrend ATR Multiplier for larger Swings, or decrease it for faster-paced trading.
Pullback Trading
Trade pullbacks either on traditional charts with Japanese Candlesticks, or use it effectively on Renko charts.
We have included both the number of pullback bricks (or candles), and the number of Trigger bricks (or candles). The results are incredible, as it provides you with granular control of exactly how you want to trade the market.
For instance, you can configure the algo to take sell trades in a downtrend, once we have seen a pullback of two renko bricks, and a drop of three renko bricks. This translates into taking trades upon trend confirmation, and frequently when support has failed.
You can also trade more aggressively, by configuring the algo to take a trade once a certain price increase or price drop has occurred. This ensures that you take trades once the price is as good as you want it to be, always on the backdrop of current trend.
Scaling in and out of Trades
You will also find the option of scaling in the direction of trend, with a flexible multiplier setting. This means you can benefit from scaling as conservatively or aggressively as you want.
These are just some of the snapshots of what this incredible algo can do.
Take it for a spin starting today!
Sample Trading Results
Backtested on several currencies, timeframes and with the use of tick data.
Watch a short overview of the Renko SuperTrend Reference algo
Renko SuperTrend Reference Features
A breakdown of the strategies employed, the reasoning behind trades, and the selection of indicators being used by the algorithm.
Design & Operation
In this section you can learn more about the gist of the robot, our general design decisions, along with modes of operation.
Trading Logic
Trades are placed in the most likely direction of Trend. We use the SuperTrend indicator for this. Additionally you have at your disposal advanced settings for requirements to Swing and Pullback, enabling you to trade in many different ways.
Modes of Operation
Trend with SuperTrend
Scaling in direction of Trend
Automatic and semi-automatic
Pure Swing or Pullback mode
Fixed TP and SL per trade in sequence
Risk Management
Stop Loss per trade
Platform & Delivery
cTrader for Windows
Indicators used
Our Forex robots use a number of different indicators. Here you will discover which indicators have been utilized with this one.
SuperTrend
Periods
Multiplication
General Recommendations
All bots should be optimized and backtested on a regular basis. Still, here we provide you with our current tips and advice for optimal results.
Ideal Market Conditions
This bot fares well in diverse markets, but still works best in trending markets, especially when there is strength and potential breakouts.
Currency Pairs
Any currency pair can be used, as long as they trend more often than not.
Timeframes
Choose a Renko Brick size, which historically has offerend good substantial market moves.
What makes our candles tick
We love what we do, and want you to have the best possible experience in the wonderful world of FOREX trading. That’s why we do the following:
We value your money
We take utmost pride in valuing, firstly, the capital you intend to invest, secondly, the money spent with us!
Battle-tested Forex Robots
All our Forex algos have seen real-life action i.e. have been tested on live accounts.
Attention to detail
Our customers are center stage, at all times. We frequently do follow-up talks for feedback and support.
Delivery
cTrader robots are delivered instantly. Selected MT4 Robots are Build to Order with a 7-day delivery time.
Serious Backtesting
We only backtest with tick data. This means our backtests are truly representative of potential results.
Money-back Guarantee
We offer an iron-clad 30-day money-back guarantee provided you send us an explanation why.
