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

Renko scalping with XO
Renko scalping with XO
Renko scalping with XO
Renko scalping with XO
Renko scalping with XO
Renko scalping with XO

Share your opinion, can help eveyone to understand the forex strategy.

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Renko scalping with XO
Renko scalping with XO
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