So, RANAGADE TRADING SYSTEM is a simple manual trading strategy that is created on the principle of “All Inclusive”. It has its own trading template, on which 2 author’s indicators work. All this together gives you ready-made trading signals without redrawing. Follow them and get profit. Everything is simple. How to install and configure this system – read below.
Installing the RENEGADE system in your MT4 trading platform
In the upper left corner of your MT4 platform, find the “File” item and select “Open data folder” from the drop-down menu. This will take you to the root directory of your MetaTrader platform.
Drag the contents of the “Templates” folder to the appropriately named folder in your root directory:
Open the MQL4 folder
Copy the contents of the “Indicators” folder from the archive that you received after purchase to a folder with the corresponding name of the MetaTrader root directory:
Restart your MT4 platform
This is necessary for any changes you make to take effect.
Installing the system on the quotes chart
Select the asset to trade on which you want to use this system. Open his quote window. Next – find the “Templates” button in the top menu of the MT4 platform and select “RENEGADE TRADING SYSTEM” from the drop-down menu.
After applying this template to the quotes chart, you will get a ready-made desktop, that is, a quotes chart, on which the indicators of this system will be installed. They will give you arrows to trade and show the boundaries of the trading channel:
Trade on BUY if quotes fell below the price channel border and an arrow for BUY appeared. Trade on SELL when the price has risen above the boundaries of the price channel and a sell arrow has appeared. On the screen above you see the condition for trading on SELL.
Close the deal if the quotes have reached one of the central lines of the price channel or when the opposite indicator arrow signal appears.