Renko Gold Strategy (XAUUSD, H1)

A clean H1 Renko workflow for XAUUSD.
We use Renko bricks to remove noise and a simple trend filter to avoid counter‑bias flips. Entries come on brick reversals with confirmation.

Tools

• Renko chart with a pragmatic brick size (e.g., 200–400 points for XAUUSD; adapt to volatility).
• Trend filter: EMA50/200 slope or HH/HL vs LH/LL structure.
• ATR(14, H1) for stop and position sizing.

Market logic

Renko compresses time and emphasizes directional moves. Filtering flips with the prevailing slope/structure removes most chop.

Setup checklist

1. Bias: EMA slope up/down or structure prints HH/HL (bull) vs LH/LL (bear).
2. Flip: a brick color change prints with the bias.
3. Confirm: small follow‑through (next brick continues) or a level reclaim.

Trigger

• Long: bullish brick prints after a bear leg, with the up‑bias and close through a local level.
• Short: mirrored conditions for down‑bias.

Entry

• Enter at close of the signal brick or on a shallow pullback into the flip level.

Stop Loss

• Beyond the flip origin (two bricks behind) or ATR(14) × 1.2–1.6 (wider).

Take Profit / Management

• TP1: take 1/2 at 1.2R–1.5R.
• TP2: trail remainder behind the last opposite brick or EMA50; reduce into session/weekly levels.

Filters & risk

• Avoid trading when Renko whipsaws (alternating single bricks).
• Stand aside into tier‑1 USD news.
• Risk ≤ 0.5% per position; one active trade per direction.