Strategy for binary options, Forex and CFD - Renko Scalp for Binary

Strategy for binary options, Forex and CFD - Renko Scalp for Binary - a strategy using the Renko chart to find entry points when trading binary options with an expiration date of 1 minute.

Minimum Time Frame and expiration time

• Time Frame: M1
• Expiration time: 1 minute

Recommended Time Frame and Expiration Time

• Time Frame: M5
• Expiration time: 5 minutes

Renko Scalp for Binary strategy indicators

• ++TIME
• Bands
• Filter
• impuls
• KFSE_RSI_Bars_Swing
• KFSE_STOCH_Bars_Swing - trend
• MBFX Timing
• Parabolic SAR 2.01 mtf
• RenkoScalp_DotNRP
• RenkoScalp_MSAlert
• RenkoScalp_SMF
• urdala_news_investing.com

Risk management

Trade is carried out with a fixed amount not exceeding 5% of the trade balance. You should not trade during the release of important economic news.

Renko Scalp for Binary strategy: signal to increase

• Blue bars of the Impuls indicator
• Blue MBFX line color
• Renko Scalp MS Blue Squares
• Blue RSI filter

Renko Scalp for Binary strategy: downside signal

• Red bars of the Impuls indicator;
• Red MBFX line color
• Red squares Renko Scalp MS
• RSI filter red

Trading on Forex and CFD

• Before starting trading, it is recommended to test the strategy on a demo account (open at least 3-5 trades)
• The trade is opened after receiving a signal from the trading strategy
• The ratio of Take Profit to Stop Loss should be 3:1 (for one unit of possible loss there should be 3 units of potential profit)
• The time frame of trading is not important - minute charts are suitable for scalping, hourly or daily charts are suitable for long-term trading
• Take Profit to Stop Loss levels are set depending on the selected time frame
• The strategy will show false signals on minute charts during the release of important economic news - trade on higher time frames or choose a different time for trading