Working of Renko Scalper EAĬonsider Renko charts of 10 pips per bar with a moving average of 100. The EA makes simple entry points, but they are effective. You can choose Renko bars as the main entry trigger. Use the best classical indicator, the 100 simple moving average, to confirm your selection. How the EA enters the market and places trades? In this way, the robot will never cross the trend while entering the market. The EA places a SELL order when the price is below the 100 moving average and when a minimum of 2 Red Renko bars forms to the chart in a row.The EA places a BUY order when the price shifts above the 100 moving average and when at least 2 Green Renko bars are formed in a row.īy default, the pip interval for StopLoss is 10 pips.That means you can capture 10 pips of profit using proper StopLoss. Moreover, you can reverse the scalper EA for opposite trading. You can take even the smallest profits using these EAs as they use trailing stops to minimize the risk. You can learn more about the EA operations in the user manual.
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