
Renko Reversal System
Content: Indicators: NRP TMA.ex4, Renko Reversal Stalker.ex4, STG_RenkoChart.ex4 (Unlocked for MT4 Build 1420+), Template: Renko Reversal Master.tpl, How to install MT4 files.pdf
Feedback: This’s a great system. So i use only 3 pairs because the renko makes the platform sluggish. Download a new platform only for this system. I go for 4-14 pip snipe. I’m using EURUSD, GBPUSD, USDJPY. I look for divergence with this system. MACD, OSMA and RSI changing the settings on the rsi to 9. So, when I get a signal I also check to see if at least one of the mentioned indicators is showing divergence.
Stop loss at 10-12 pips. You can also move SL to break even when it reaches 5 pips, so you can go for more target pips. So far it works the majority of times. The divergence is important to show potential reversals. Best scalping system to date. This doesn’t work well with time based charts, use only with renko. I use the 200ma as a target sometimes, it hits it alot. Best $7 i ever spent!