11# Range Bar Scalping Strategy: High/Low

Submit By Joy22 2025

Range Bar Scalping Strategy: High/Low is a classic revisited with MT4 indicators.
Setup Strategy
Range Bar 8-13 pips depends on the pair.
Gold 100-200 box size 200 pips.
Volatile currency pairs: Gold, Nadasq, SP500, EURJPY, USDJPY, GBPUSD.
Only New York sessions
Metatrader 4 Indicators
Heikin Ashi Smoothef (1, 3)
3 ZZ traffic lights: (only the slowest Zizag is displayed with a yellow rectangle)
TMA CG No Repaint (20, 2.0).
Simple moving average 130 periods, close.

Trading Rules

Trend Definition

Only trade in the direction of the trend.
The SMA 130 defines the trend:
- Uptrend: SMA is below the price candles.
- Downtrend: SMA is above the price candles.

Buy Setup

Price is above the SMA (indicating an uptrend).
Yellow Rectangle Formation: Wait for the yellow square to form below a candlestick.
Entry: Enter at the close of the second green Heikin Ashi candle.

Sell Setup

Price is below the SMA (indicating a downtrend).
Yellow Rectangle Formation: Wait for the yellow square to form above a candlestick.
Entry: Enter at the close of the second red Heikin Ashi candle.

Re-enter in trend: wait for the retracement of three candles.

Exit Rules

Stop Loss:
- Place the stop loss just above/below the previous swing high/low.
Profit Target:
- Use a risk-reward ratio of 0.8:1 to 1:1 relative to the stop loss.
- Alternatively:
  - For buy trades, target sell arrow of TMA.
  - For sell trades, target buy arrow of TMA.

Notes

The strategy can also be implemented without the TMA indicator; in this case, TMA signals serve as additional alerts to refine the strategy.
Consistently follow the rules for entries, exits, and risk management to ensure optimal performance.
This strategy needs impulse volatility analysis, then I will update.
Range Bars are installed as Renko charts.

Range Bar Scalping Strategy: High/Low

Range Bar Hi.rar

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Comments: 0

Renko Scalping with vsa Trading System

Renko with Volume Spread Analysis

Submit by Joy22 (Written by Canuckct) 31/12/2011

I time my entry using M2 and a 4 pip renko. Those two charts must be in agreement....after price crosses the 10sma, the open of the next bar is where I enter when I believe that the price is starting to move.

The swingman indicator is there as a visual only as sometimes I have a hard time reading immediate price action and I have a bias for movement. This helps me get rid of that.

Once I'm in a trade, I like to ride the 10sma on the renko chart....when it crosses back I'm out.

Here is a trade I just closed....and is typical of the trades I'm looking for...although M5 doesn't always seems to be as abvious as this trade.

Share your opinion, can help everyone to understand the forex strategy.