56# Double TMA Renko Scalping

Submit by Janus Trader 2025  update

Double TMA Renko Scalping is a trading system designed for Renko charts, based on the concept that when two triangular moving averages (TMA) cross their respective bands, the market direction may change. 

Specifically:

When the lower and the upper band of the fast TMA crosses above the lower and upper band of the slow TMA, an upward market reversal may occur.

When the lower and the upper band of the fast TMA crosses below the lower and upper band of the slow TMA, an downward market reversal may occur.

Key Considerations:

For trend trading, bands that adapt quickly to the market are beneficial.

For reversal trading, bands that adapt slowly or do not repaint are preferred, a combination of both approaches can provide optimal results.

Setup Strategy

Renko Box Size:

Standard: 3 pips or more, depending on the currency pair.

Gold: Minimum 40 pips.

Currency Pairs:EUR/USD, GBP/USD, Gold, Silver, EUR/JPY, AUD/JPY, GBP/JPY, EUR/GBP, EUR/AUD, EUR/CAD, EUR/NZD. US100, US500

Platform:MetaTrader 4.

Indicators MT4:

Xardfx TMA1 (fast): red.TMA2 (slow): yellow (defauiltsetting).

Synergy APB Heiken Ashi.

HMA (Hull Moving Average): 28-period or 9 period for fast scalping.

Expert: renko creator EA.

Note

In the folder there are two templates, one basic (also suitable for learning, the other for fast scalping). Note that the basic template with renko box size=>5 is suitable for Hedging.

Trading Rules:

Trade Only in the Direction of the Trend

Buy Conditions:

The red TMA bands (fast) are above the orange TMA bands (slow), indicating an uptrend.

A buy arrow from the HMA appears.

Best buy entries at the bottom of the channel.

Sell Conditions:

The red TMA bands (fast) are below the yellow TMA bands (slow), indicating a downtrend.

A sell arrow from the HMA appears.

Best sell entries at the top of the channel.

Exit Strategy:

Using a fast, predetermined profit target.

Fast Scalping Profit Target 3-7 pips depends by currency pairs.

Applying a 1:1 to 1:1.3 risk-reward ratio.

Closing positions at the opposite TMA band.

Placing an initial stop loss at the previous swing high/low.

Conclusion

The Double TMA Renko Scalping strategy effectively captures market reversals and trends using adaptive bands.

By following the trading rules and exit strategy, traders can improve trade precision and minimize market noise.

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