The Renko Engulfing Bars strategy is merely an adaptation of the original Median Renko charts engulfing bar strategy and works on the same principles as originally outlined. The premise for this strategy comes out of the discussions with a reader
Looking for a simple trading system based on Renko charts? This Median Renko engulfing bar strategy offers just that. For the trader who doesn't want to bother looking at trends and merely wants consistency in their trading, the Median Renko engulfing bar strategy offers a very good risk/reward set up while also maximizing your profits at the same time.