Hi All,
I have done some scalping using renko and the results is very good.
Renko = 3 pips (box size)
EMA(8)
BUY
Wait pullback to EMA and go long in the engolf.
Be carefull with the sequence of trades in the same trend. I only go into the 2nd. pullback. More than that is dangerous and maybe the trend is finishing.
SELL
The same in the opposite side.
Stop Loss: 2 box.
Take Profit: 2 box.
Do not be greedy.
I have done some scalping using renko and the results is very good.
Renko = 3 pips (box size)
EMA(8)
BUY
Wait pullback to EMA and go long in the engolf.
Be carefull with the sequence of trades in the same trend. I only go into the 2nd. pullback. More than that is dangerous and maybe the trend is finishing.
SELL
The same in the opposite side.
Stop Loss: 2 box.
Take Profit: 2 box.
Do not be greedy.