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.
Recommended MT4 Broker
XM Broker
- Free $50 To Start Trading Instantly! (Withdraw-able Profit)
- Deposit Bonus up to $5,000
- Unlimited Loyalty Program
- Award Winning Forex Broker
- Additional Exclusive Bonuses Throughout The Year
- Exclusive 50% Cash Rebates for all Trades!
Already an XM client but missing out on cashback? Open New Real Account and Enter this Partner Code: 𝟕𝐖𝟑𝐉𝐐
Click here below to download:
So, while benefiting from this indicator is crucial, ensuring successful trades and reaping rewards requires continuous training with enhanced strategies. Don’t worry, we’re here to help.
We are a team of dedicated individuals, including a work-from-home dad and passionate forex trader, committed to helping you succeed in the forex market. As the driving force behind ForexMT4Indicators.com, we share cutting-edge trading strategies and indicators to empower you on your trading journey. By working closely with a team of seasoned professionals, we ensure that you have access to valuable resources and expert insights to make informed decisions and maximize your trading potential.
Want to see how we can transform you to a profitable trader?
>> Join Our Premium Membership <<
Benefits You Can Expect
- Gain access to a wide range of proven Forex strategies to make informed trading decisions and increase profitability.
- Stay ahead in the market with exclusive new Forex strategies and tutorials delivered monthly to continually enhance your trading skills.
- Receive comprehensive Forex training through 38 informative videos covering various aspects of trading, from using the MT4 Metaquotes platform to leveraging indicators for improved trading performance.