49# Renko scalping with XO
XO Scalping
Renko scalping trend strategy with megatrend
Submit by Morris
Renko scalping with XO is a trend following strategy for trading with renko chart.
Trade only in the direction of the megatrend. Megatrend blue color up trend, Megatrend indicator red line down trend.
Box size 3 pips or higher.
Currency pairs: majors with low spreds
This strategy has a good profitability is also suitable for the trading with Binary Options high/low whit bar chart, expiry time 2 candles.
Metatrader 4 indicators setting
Hull moving average 144 period, close.
Holy indicator 2,3.
Holy indicator 3,4.
Holy indicator 4,6.
XO default.
Trading Rules Renko scalping with XO
Buy
Megatrend blue line.
Holy indicator 2,3 green bar.
Holy indicator 3,4 green bar.
Holy indicator 4,6 green bar.
Xo indicatro green bar.
Initial stop loss 5 pips below the entry bar.
Profit Target 6-9 pips.
Sell
Megatrend red line.
Holy indicator 2,3 red bar.
Holy indicator 3,4 red bar.
Holy indicator 4,6 red bar.
Xo indicatro red bar.
Initial stop loss 5 pips below the entry bar.
Profit Target 6-9 pips.
In the pictures Renko scalping with XO
Share your opinion, can help eveyone to understand the forex strategy.
Barry (Sunday, 16 September 2018 20:18)
Your Holy indicators are not part of the download file. They are replaced with a MACD indicator!