What they say about Renko Trader FX by Jason Alexander …
You’re about to discover a way to play the Forex game on your own terms… at times that suit you… and without a lot of the hassles you normally face when trading.
By using simple Japanese brick charts (also known as Renko), all the noise and distractions of regular candlestick charts simply melt away.
It’s like putting on X-Ray glasses that let you see where the most profitable trades are about to appear.
And to make the experience as close to a ‘no brainer’
as possible, I‘ve developed a trading software that does all the hard work for you – scans the market, alerts you when it has found a trade and even tells you the exact entry point.
As you’re about to see the results are jaw-droppingly good…
Even better, this trading approach thrives on the kind of high volatility conditions we’re experiencing right now after the Brexit vote.
In fact, over the past 2 months you could have made 1,235 pips on the USD/GBP, 1,340 pips on Euro/JPY and 2,210 on GBP/CHF…
That’s a potential 4,785 pips
profit – even at 50p per point
you’d have banked £2,392.50!
I’ve also got newbies and experienced traders to try out this trading tool to make sure this performance could be repeated.
Money-back guarantee …
30 days risk-free trial
Where to buy …
The Trader’s Bulletin Renko Trader FX Review …
I purchased and ran the RenkoFX Trader system for a few weeks.
However, I have now returned it for a refund (and in true Canonbury style received the refund without any problems). The reason for my return was not so much a problem with the system, but more with my style of trading.
The system itself involves running Renko block charts on an MT4 platform, which is used to trigger any alerts it finds. It is quite tricky to set this up, especially if you are not familiar with MT4, but it only needs doing once, and there is adequate instruction with videos to help. This means that, although the alerts come from your MT4 platform, you don’t have to actually place the trades via the same platform, you can use any broker of your choice for this. There is also a nice modeling mechanism, which enables you to adjust the stop and profit sizes, and the system will analyse past history and give you details on which combination is most profitable, which you can then use. It has two modes of operation: aggressive and conservative, and you can model these separately.
Pros: The result of the trades overall was positive; not so positive as they state “on the tin” but to be fair, I only traded it for a relatively short period of time, and I was also trading in the “silly season” when volume is light.
Cons: You have to be of the mindset of eating, sleeping and breathing trading, and be at its beck-and-call at all times! The software runs on your computer, so you need your computer running at all times. It alerts you when a trade is notified, and this notification comes by means of an audible alert, so you need to be within earshot of the computer. However, you can also receive these alerts via a SMS text message to your mobile phone, although I didn’t actually test this facility out.
But, you had better be ready to take action quickly on receipt of an alert, otherwise the opportunity passes! And I guess the published results are from taking all available trades.
One area of concern, when using the modeling facility, is that I found it quite difficult to get a combination of stops and profit targets that actually made a sensible profit, so this needs quite careful analysis.
So, if you are happy with being able to place trades at any time, and to do so fairly quickly, then this seems a good product. For me, though, this is a step too far. I personally want to be more in control of my day, when I am doing other things. Of course, as always, you can turn your computer off but what about all those trades I am missing …!!!
Ray (reviewer for Trader’s Bulletin)