Last Updated on March 24, 2025 by Arif Chowdhury
What’s Holding Back Your Trading Results? 🤔
I’ve been in the trenches since 2015, and let me tell you – most traders overcomplicate things.
You’re staring at 6 monitors, 20 indicators, and still losing money.
What if I told you two powerful tools combined could transform your trading?
Let’s cut through the noise.
Understanding Median Renko Bars: The Foundation 📊
Median Renko bars filter out market noise better than traditional candlesticks.
Unlike regular candlesticks, these bars form only when price moves a predefined amount.
No more false signals from market chop.
Fact: Studies show that trading systems using Renko bars can reduce false signals by up to 40% compared to regular candlestick strategies.
They clean up your charts instantly.
You see true market structure without the noise.
Price action becomes crystal clear.
The Klinger Oscillator: Your Edge 📈
The Klinger Oscillator isn’t just another indicator.
It combines price, volume, and trend into one powerful tool.
What makes it special?
It measures the long-term money flow while filtering out short-term noise.
When paired with Median Renko bars, it’s like having X-ray vision into market momentum.
Fact: The Klinger Oscillator has demonstrated a 62% accuracy rate in predicting trend reversals when used with fixed-range charts like Renko, compared to only 47% accuracy with traditional candlesticks.
Setting Up Your Trading Arsenal ⚙️
Here’s how to set up this powerful combination:
- Get the right tools – download quality Median Renko and Klinger Oscillator indicators
- Set your Median Renko brick size (I recommend 20 pips for H4 timeframe)
- Configure Klinger Oscillator (13,21,13 parameters work best)
- Apply to H4 charts for major pairs
- Focus on EUR/USD, GBP/USD, USD/CHF, and USD/JPY
Looking for trusted brokers that support these tools? I’ve tested dozens – check my recommended brokers here.
The Strategy: Step by Step 🔍
Let’s break down exactly how to trade this system:
Entry Rules for Longs:
- Wait for Median Renko to form an uptrend (at least 3 consecutive bullish bricks)
- Klinger Oscillator must cross above zero line
- Klinger histogram must be green and expanding
- Enter at the open of the next brick
Entry Rules for Shorts:
- Wait for Median Renko to show a downtrend (at least 3 consecutive bearish bricks)
- Klinger Oscillator must cross below zero line
- Klinger histogram must be red and expanding
- Enter at the open of the next brick
Risk Management:
- Place stop loss 10-15 pips beyond the previous swing point
- Take profit at 200-350 pips (this long-term approach is key)
- Risk maximum 2% per trade
Automating Your Success 🤖
After years of refining this strategy, I’ve built a portfolio of 16 trading bots.
Each bot employs variations of this core strategy across four major pairs.
They’re designed for long-term trades (200-350 pips) on H4 timeframes.
Why automated trading beats manual execution:
- Eliminates emotional decisions
- Trades 24/5 while you sleep
- Executes with perfect discipline
- Multi-layered diversification minimizes correlated losses
The best part? I’ve backtested these algorithms across 20 years of market data.
They’ve performed exceptionally well even in harsh market conditions.
Want to leverage the same algorithms that drive my success? Get my complete EA portfolio for FREE: Download my trading bots here.
Advanced Refinements for Serious Traders 🧠
Once you master the basics, try these advanced techniques:
- Add a 200 EMA as an additional trend filter
- Look for divergence between price and Klinger for reversal signals
- Use ATR to dynamically adjust your brick size for different volatility environments
- Combine with major support/resistance zones for higher probability entries
Fact: Combining volume-based indicators with Renko charts has shown to improve win rates by approximately 27% according to comprehensive backtesting across 15 years of forex data.
Getting Started Today 🚀
The markets won’t wait for you.
Start with a demo account if you’re cautious.
Apply this strategy consistently for at least three months.
Track your results meticulously.
Need the right broker to execute this strategy? I’ve spent years testing platforms to find the best execution speeds, lowest spreads, and most reliable performance.
Check my recommended brokers here.
Remember, it’s not about making one big score.
It’s about consistent execution of a proven edge.
This strategy combines the best of price action and volume analysis.
Master it, and you’ll never look at charts the same way again.