Last Updated on May 9, 2025 by Admin Tech

Scalping Forex Renko Chart Strategy

Scalping can be easy if accompanied by a good strategy and renko strategy can help you in trading decisions. It uses range chart bar. This is a useful strategy that works on any currency pairs. The box size of this is 5 pips or higher.

MT4 Indicators:

• Renko Scalp Signal Alert.
• Stochastic (default)
• Rules for Buy entries:
• Renko scalp signal alert must be buy.
• Stochastic crosses upward.

Rules for Sell entries:

• Renko scalp signal alert must be sell.
• Stochastic must cross downward.

Exit Position:

• Place initial stop loss on the previous swing hihg or low.
• Take profit at the first opposite signal.

Just follow the rules strictly.

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