Renko Hybrid Trading Strategy For Forex Success

Renko Hybrid Trading Strategy For Forex Success – Double TMA Renko Scalping is a renko chart trading system based on the idea that when crossing bands, two triangular moving averages can change market direction. So in our case when the TMA lower band of the fast TMA goes down to the lower band of the slow TMA the market direction could change to the upside; similarly, when the upper band of the fast TMA crosses the upper band of the slow TMA, market direction can change downwards. The observation of this type of approach was well explained by the buyer at Forex Factory but with TMAs with different timeframes, in this case we wanted to try with TMAs with different durations and to minimize the noise of the recalculation we chose to use renko charts.

When the TMA goes the lower band of the fast TMA down to the lower band of the slow TMA

Renko Hybrid Trading Strategy For Forex Success

Renko Hybrid Trading Strategy For Forex Success

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

Logik Filtered Renko

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