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Amazing Candlestick Based Renko Strategy Which Is Profitable

Renko Candle Forex Price Action Scalping Safe

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7 replies to this topic

#1 sojibfx

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Posted 06 February 2018 - 11:54 AM

Hello Good People,

 

I am here to share my own And Simple Renko Strategy which is so far good.You don,t need any indicator for that you can trade manually.But if anyone can help us to create an EA Would be Great because sometimes market move so fast for news event or high volatility and we can,t trade in right price.EA Can do that easily. I am getting good result.Last 86 Trade win out of 100 trades on USD/JPY with 5 Pip Candlestick(See It yourself).You need to use 1 min timeframe on renko because other timeframe will recalculate for renko.Risk Reward ratio 1:1.If you get 60% that will make you money too.Just Like binary option out lot size will be based on balance and pips we are risking.I suggest you to risk 5 % of your balance .Use will use 5 pip sl and 5 Pip tp (For broker spread and commission you will get 80-90%) if you trade $1 per pip after 5 pip you may get $4 and for loss it will be $5. but it will make you money with this very simple strategy.

 

 Buy Rule : Last 2 Bar is Red and 3rd bar is blue : then it should purchase buy for 1 candle(I use 5 pip candle) SL 5 PIP AND TP 5 PIP


Sell Rule :Last 2 Bar is Green and 3rd bar is Red: then it should purchase Sell for 1 candle(I use 5 pip candle) SL 5 PIP AND TP 5 PIP

 

Please Someone Make an EA For us  :) .Please make sure to add sl tp menu and lot size option.

 

Thank You.

 

 

Note : I have an indicator too that will show on the current candle entry price.Check the attachment 

Attached Files



#2 zeeshan ali

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Posted 06 February 2018 - 12:01 PM

bro you everyday have new strategy... :D   you stop with your old strategy (stilos arrow*volume.)?



#3 sojibfx

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Posted 06 February 2018 - 12:02 PM

Here  is the indicator Screenshot.It will show on the current candle

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#4 sojibfx

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Posted 06 February 2018 - 12:05 PM

zeeshan ali     the more the better :) Its trading market,Specially this is a safe scalping strategy.You need atleast 10 strategy ,don,t depend on one strategy :)
  • zeeshan ali likes this

#5 shaileshm

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Posted 06 February 2018 - 12:13 PM

Why did you put this one in 60 seconds strategy? It is supposed to go in spot fx section.
Know Thy Setup. Know Thyself.

#6 sojibfx

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Posted 06 February 2018 - 12:28 PM

Because People won,t Notice It Unless i posted it in 60 sec category.Is it doing any harm to anyone...?Its just like binary.In renko SL TP CAN BE FIXED :) If anyone have problem then admin can remove it :)



#7 lalcal

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Posted 06 February 2018 - 12:35 PM

Man.. Are you testing renko bars?? Because it can show a win trade but when you disable renko the original candle is loss.. Similar to heiken ashi I think...

#8 hongquan102

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Posted 07 February 2018 - 05:25 AM

Can you share this indicator?







Also tagged with one or more of these keywords: Renko, Candle, Forex, Price Action, Scalping, Safe

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    karthik786

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