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

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.

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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
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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

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

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

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

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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
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Download Renko Scalp for Binary strategy

Download Renko Scalp strategy for Binary
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Igor Lementov
Igor Lementov - Financial Expert and Analyst at Trading-Today.net


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