Scalping Forex Renko Chart Strategy

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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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