Renko Scalp Forex Binary Options Trading Strategy

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Renko Scalp Forex Binary Options Trading Strategy

The Renko Scalp is a binary options strategy that uses Renko chart. This is a trend-momentum system which works on a 1-minute or 5-minute timeframe. The expiry time for 5 minutes is 1 candle and 1-5 candles for 1 minute. You can use this method in any financial market.

Metatrader Indicators:

  • Renko scalp SMF;
  • Renko Scalp Dot RNP;
  • Bands,
  • RSI filter 2-period;
  • Renko Scalp MS alert;
  • MBFX Time;
  • Impuls indicator.

Note:

  • All indicators do not repaint.
  • Trade in the direction of the trend.
  • All indicators must agree.

Call Entry:

  1. Impuls blue bar.
  2. MBFX blue line.
  3. Renko Scalp MS alert blue bar.
  4. RSI filter Blue bar.

Put Entry:

  1. Impuls red bar.
  2. MBFX red line.
  3. Renko Scalp MS alert red bar.
  4. RSI filter red bar.

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