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.
Contents
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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
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
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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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