56# Double TMA Renko Scalping

Submit by Janus Trader

Double TMA Renko Scalping is a renko chart trading system that is based on the idea that when crossed bands, two triangular moving averages can change market direction. So in our case when the TMA the lower band of the fast TMA crosses down to the lower band of the slow TMA the market direction could change upwards; similarly, when the upper band of the fast TMA crosses the upper band of the slow TMA the market direction may change downward. A consideration of this type of approach was explained well by the Buyer on Forex Factory but with TMA with different time frames, in this case we wanted to try with TMA with different lengths and to minimize the noise of the recalculation we chose to use the renko charts.

Renko box size 3 pips or more dependes by currency pair.

Currency pairs: EUR/USD, GBP/USD, Gold, Silver, EUR/JPY, AUD/JPY, GBP/JPY, EUR/GBP, EUR/AUD, EUR/CAD, EUR/NZD.

Gold renko box size from 40 pips.

Metatrader 4 Indicators:

Xardfx TMA1 (fast) yellow, TMA2 (slow) red.

Sinergy APB heiken ashi,

Super scalper 28 period,

Arrow 5 period.

Trading rules Double TMA Renko Scalping

Trades only in the direction of the trend

Wait for uptrend:

when the TMA the lower band of the fast TMA crosses down to the lower band of the slow TMA

Buy

trend up, buy arrow, Sinergy APB blue bar, Super scalper blue line.

Sell

Trend up, Sell arrow, Sinergy APB red bar, Super scalper red line.

Exit position options

With fast profit target predetermined, ratio stop loss 1:1, at the opposite band, on the levels pivot.

Place initial stop loss on the previous swing high/low.

This setting is quite fast and I am also testing a slower setting.

TMA bands as timing for binary options high/low

TMA are used as timing for entry into binary options I often wonder if this approach is valid? The answer is not simple and immediate because it then recalculates the back test should be done in real time with the choice of three different settings on at least 40 000 bars and on different currency pairs. Then you can analyze the data and start a second test with more precise indications (considering the introduction of 3 martingale steps).

In the pictures Double TMA Renko Scalping in action.

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