Renko on Mooning Cryptos - Complete System

Matching trading strategies with unusual market conditions can yield extreme profits. This trading system attempts to capture instruments that are going through a hyperactive impulsive phase. Buy using Renko levels from the Daily timeframe I present a profitable trading system, give it a Trader’s Landing Score, and share 6 optimization tips to make this complete strategy more effective.

⏱️ Timestamps ​​⏱️
00:00 - Start
00:39 - Indicators
02:21 - Long Examples
03:06 - Short Examples
04:44 - Testing Results & Equity Curve
06:08 - Trader’s Landing Score
06:28 - Optimization

⚙️ System Specifics ⚙️
📛 System Name: Renko Flow
🏆 Trader’s Landing Score: 8
🎹 Instrument: Bitcoin / Ethereum (BTC/ETH)
⌛ Time Frame: 1-Hour (H1)

👀 TradingView Indicators
Name: Renko Levels
Inputs: Default
Style: Remove both shapes, SMA, SMACurTF
By: mongolor
Link: https://www.tradingview.com/v/YcKMhRqI/

☝️ Long Entry

1. Two bullish Renko levels appear.
2. Price closes above the 2nd Renko level.
3. Enter on close of the candle.
4. Open two positions.
   4a. Stop at 1 Renko level below targeting 1:2.
   4b Stop at 2 Renko levels below targeting 1:2.

👇 Short Entry

1. Two bearish Renko levels appear.
2. Price closes above the 2nd Renko level.
3. Enter on clos of the candle.
4. Open two positions.
5. Stop at 1 Renko level below targeting 1:2.
   4b. Stop at 2 Renko levels below targeting 1:2.

🔥 Risk to Reward: 1:2

🛑 Where to place stop-loss:
For Longs: 1 Renko level below for half the position, 2 Renko levels below for the other half.
For Shorts: 1 Renko level above for half the position, 2 Renko levels below for the other half.
🚀 Where to take profits: 1:2