Sep 2 • Strategy Corner
The Renko Nibbler Three (MNQ)
This is one of my favorite strategies using renko bricks instead of candles. It runs on size 50 renko bricks on the 1m MNQ chart.
The rules are simple: When three renko bricks fully paint in one direction, enter a trade in that direction. When two opposite-directions bricks fully paint, exit. It works great on trending days and you can capture big moves on MNQ. Be careful running it on slow/ranging days.
Attaching screenshots as well as the pinescript, so you can try it out if you want. Please note that backtest results for renko strategies can be very misleading. As with any strategy, I would recommend paper trading this for a while before trusting it on a real account!
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The Renko Nibbler Three (MNQ)
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