55# Renko 10 pips scalper

Submit by Maximo trader

Renko 10 pips scalper is a trading system based on median renko chart. The characteristic of this strategy is to be High frequency scalper, in other words it generates many operations so the objective is to close them quickly or with a price target set at 8-10 pips. this scalping strategy is based only on two indicators: Zeus Arrow and Barros swing. the barros swing indicator defines the areas of purchase and sale, The Zeus arrow is our ti, the market entry engineer. I chose the median renko chart because the Zeus arrow expresses its ability to read the market reversal filtered by the Barros swing indicator (a price action indicator). Therefore in the sales areas and above the sales areas only short positions will be assumed, on the contrary in the purchasing zones and under these zones only Long positions will be taken.

Currency pairs: Majors and minors with low spreads.

Trading Sessions: 17:00 PM – 8:00 AM, GMT Berlin.

This system works good on lateral market.

Metatrader 4 indicators:

Median Renko indicator: original chart indicator (default setting).

Zeus Arrow.

Barros swing indicator.

Apply original chart indicator at M1 chart (example GBP/USD), after open Offline chart M11 GBP/USD and at this chart to apply template that is in the folder.

Trading Rules Renko 10 pips scalper

Buy

Price is in Buy zone or below buy zone.

Only trade buy, when appear Zeus buy arrow .

Profit target fast at the line Support if the price is below buy zone or at resistance line if the price is above or in buy zone, or predeterminated profit target 8-10 pips.

Initial stop loss 10-12 pips.

Sell

Price is in Sell zone or above sell zone.

Only trade sell, when appear Zeus sell arrow .

Profit target fast at the line resistance if the price is above sell zone or at support line if the price is below or in sell zone, or predeterminated profit target 8-10 pips.

Initial stop loss 10-12 pips.

This Strategy is suitable to apply martingala with multiplier 1.6.

In the pictures Renko 10 pips scalper in action.

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