Forex trading, and Forex Scalping in particular, is a tough way to make money. It's simply because you don't have the right tools for the job. It's as if you were told to cut renko a tree and were handed a pair of pliers to get the job done. Can you cut down a tree with pliers? Maybe, but I'd rather have a chainsaw if it's all the same to you. So you jumping into the Forex markets with a set of candlestick or bar charts and a couple of those "cutting edge" indicators you found on a forum somewhere gives you about as much chance at winning consistently as you do being a successful pliers-wielding lumberjack. And while I'm a big fan of taking personal responsibility for your own shortcomings, I have to admit that this one isn't really your fault either. They also have family obligations which require a certain amount of time each day. And unless they have the constitution of a robot or a horrendous coke habit they probably need hours of sleep each night. That simply doesn't leave a lot of free time left to trade forex, and the few hours they do have per week to watch the charts don't give them many opportunities to find good trades especially using the methods the "gurus" recommend. So what's a person to do who wants to make best use of the limited amount of time they have to trade Forex? The answer is simple: Those two vertical red lines at Now take a look at the same time frame more or less that is demonstrated by the Renko Chart:. Where the standard candlestick chart showed price was in a range renko no real discernable pattern, Renko Charts clearly show price moving up and down within the 30 pip range. And while the candlestick and bar chart crowd was sitting there scratching their heads, trying to decide if they should take a trade, Renko Traders had 8 separate trading opportunities, with pips available for the taking. Had you used any of forex indicators we recommend with 3 Pip Renko Box Settings as displayed above you would have received 8 separate signals worth a minimum of 10 pips each. That's 80 pips in 2 hours when the rest of the trading world was still trying to decide if they should buy or sell. Not to mention 80 pips during a time when the markets are considered to be slow and untradable by most traders! And these are not "cherry-picked" charts. I grabbed these shots from trading just a few days ago. I could have picked charts from the day before, or the day before that, and so on, and still found numerous examples exactly like bars ones above. That's why Renko is so effective!!! Here is the main benefit to forex Renko Charts: If you trade with a specific pip target in mind a 10 pip goal, for instance you can be in and out of the trade, with your 10 pips safely banked in your account, before the rest of the trading world even gets their first signal! Another benefit of using Renko Charts is you can decide if you want to use Large Renko Boxes those red and blue candles are called "boxes" and shoot for pips a trade, or use smaller boxes 2, 3 or 4 pips is size and scalp the markets at any time, day or night. Of course, anyone can put up some still photos and draw whatever conclusions from them they want. Take a look at this screencap. This is what my charts look like when I'm trading, and it's what my charts looked like when I won 21 out of my last 25 trades. There are a pair of dual moving averages running through the middle of that picture. When price breaks ABOVE the upper band, and all of my other indicators are in agreement, I BUY. When price breaks below the lower band and all the other indicators are in agreement, I SELL. Some people using this method will remain in a trade until the first opposite color Renko box closes. One thing you need to know about these indicators out of the 5 represented in this picture DO NOT REPAINT, EVER, and as for the 5th, as long as the other 4 indicators are in forex, I have NEVER seen it repaint after giving a concurring signal. On it's own, it will repaint on occasion, but when used properly in concert with the other 4, repainting is NOT a problem! I wouldn't want you to make a decision without first seeing Renko Charts "live and in action"so below are two videos; the first is an easy 30 pip score using 10 pip Renko boxes, and the second is an even easier 13 pips I made while demonstrating a trading technique using 3 Pip Renko boxes and a couple of indicators which I've found work very well with Renko Charts. By now you're probably thinking "If Renko Charts are so great, how come everyone isn't trading forex them? But in the meantime, here is what a few traders who already made the switch to Renko Charts have to say about their Renko experience:. Remember when I said I'd won 21 out of 25 Trades over the course of one week? Click on the picture to see it in all of it's full-sized glory. In fact, for those of us who have made the switch, Renkos are the ONLY way we'll trade the Forex markets now. Why go back to all the noise and uncertainty of candlesticks and bar charts when we can fire up our Renko charts and knock out pip trades any time, day or night? If you've made it this far, I'm thinking your smarter than all that and just want the bottom-line price. I could go on for another hour singing the praises of Renko Chart trading the Forex markets, but assuming you made it all the way to the end, I'm guessing you're smart enough to know a good thing when you see it, and you're ready to give Renko a try for yourself. So now it's decision time: If you're ready to join the Renko family and turn yourself overnight into the most successful trader you know, click the Buy Now button and let's get started. But you have another strike against, whether you know it or not. Renko Charts Take a look at the standard candlestick chart below: Now take a look at the same time frame more or less that is demonstrated by the Renko Chart: If the markets are forex moving, you make money. If the markets are more or less flat, you can still make money. If the markets are anywhere in between, you can REALLY make money. Can the candlestick and bar chart crowd say the same thing? I wouldn't want you to make a decision without first seeing Renko Charts "live and in action"so below are two videos; the first is an easy 30 pip score using 10 pip Renko boxes, and the second is an bars easier 13 pips I made while demonstrating a trading technique using 3 Pip Renko boxes and a couple of indicators which I've found work very well with Renko Charts 10 Pip Renko Box Video. The additional custom indicators we've modified to work with Renko charts 6, so far. The Video AND PDF installation guides that make transforming your MT4 platform into a Renko Trading Machine an absolute snap! But in the meantime, here is what a few traders who already made the switch to Renko Charts have to say about their Renko experience: Aloha, This summer has been the education of Nandarani. All I wanted was a system with which I could work and succeed more than half the time I was so unsteady having failed so much that I needed handholding just to trust myself, bars had to write as questions occurred Thank you for giving me a way I can trade and actually WAIT and WATCH for trades. I knew I was supposed to do that before, "the old way" - but never really succeeded very well. Now i am behaving more the way I should. Jeff, I just wanted to tell you that your product is simply amazing. Inexpensive, very simple, and yet very effective. I have purchased systems in the thousands that were complicated, bars very ineffective. I really like the three methods of trading the system. Strictly when a box changes colors, an RSI crossover, or the conservative approach of letting all the colors line up. And quite frankly they all seem to have a high rate of success depending on the market at that given time. Tonight if one chose to just trade by the change in renko of the boxes, there are more winners than losers, plus the winners have had pretty good consecutive runs. Not super fast, and not too slow! Thanks again for being one of the few honest people with integrity in this business! Mark from Bellhurst Fin. Well I took your advice and took the "thinking" out of the process! I simply traded 4pip boxes! I had over 50pips in roughly two hours of trading. By far my BEST EVER!!!!!!!!!! And you are absolutely correct. The key is speed renko decisiveness. If you're in a bad trade, simply close it and go the other way. Usually you will get most if not all and then some back! Now I know every night will not be like this, but I honestly think that with this system, the worst I can do is break even on a given night. Especially since I trade the London. I can't believe all the money I have spent, and all the sophisticated indicators and software I've used on other systems to no avail! This is absolutely amazing! And the funny part is that most people won't try it because it's simply too simple! I even tried to make this system harder than what it was by "THINKING" about every trade. Well tonight I just reacted! It's funny I can remember 30yrs ago my H. B-Ball coach use to chew me out ALL the time and his constant theme with me was: I have always been OVERLY analytical to a fault! Now I don't have to do that! Mark at Bellhurst Financial. Hi Jeff, I had purchased your Renko strategy a while back and received your email this evening about the new scalping strategy using Awesome Osscillator. I had mentioned in an email to you last week about maybe going back to the SignalAM indicator for some longer term trading and well, after renko how this works, I might be reconsidering that idea. Anyway, I wouldn't mind doing a one on one session to make sure I understand it for sure. Also, I am interested in the money management plan that goes along with it. Hi Jeff, no problems every thing is greatjust wanted to let you know what a great system you have here with the Renko charts, wish i had found this years ago,it would have saved me thousands of pounds and hours of frustration, for the first time in a long time i am really enjoying trading, or as we say this side of the pond didnt know you could have so much fun without taking your clothes off also your support is second to none, just felt i had to say thankyou for all the work you must have put into this. Have a great weekendfrom an avid member of the church of Renko. Regards to you and yours. Government Required Disclaimer - Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between bars performance results and the actual results subsequently achieved by any particular trading program. Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. All information on this website or any product purchased from this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold Simple4XSystem and any authorized distributors of this information harmless in any and all ways.