Renko forex scalping indicator

Being able to reliably answer that simple question can make every trader a rich trader. We are trying to give you an edge. FuturoFX is the most advanced algorithm we wrote so far and what is does is renko forex scalping indicator you THAT edge.

It scans the past history looking for strong correlations with the most recent price action. 72 pips of net profit and a 6. 41 profit factor in 3 hours of trading! The future price movement displayed on chart by FuturoFX was essential in achieving this result.

FuturoFX is very different from the many indicators based on technical analysis that are installed into our MT4 platforms. First of all it really is a trading assistant, more than an indicator. And secondly it displays information in the future, not in the past. In my opinion this has some pretty amazing effects on our psychology as traders. When I enter a scalp trade with FuturoFX running on my platform I’m constantly warned about the possible outcomes of my trade. The price action displayed in the future makes me remember all the time that price can zig-zag a lot before reaching my take profit.

So I should not freak out just because I see some pips against my trade. On the other hand FuturoFX can also suggest that the outlook for the next bars is not in my favor anymore. END OF DAY We also checked how FuturoFX performs in end-of-day trading. It only takes 5 minutes a day of your time. EURUSD only trading 5 minutes a day. 3407 pips in a year is a great result, considering that each trade has fixed SL and TP levels and is left completely unattended for 24 hours.

The strategy requires looking at FuturoFX H1 and H4 charts around 00 GMT each day. Executing this manual strategy should take only 5 minutes of your time, 5 days a week. We noticed a good number of winning trades at the opening of markets on Sunday, exploiting gaps. As you can see both charts suggest a rapid decline of prices, that’s why we entered a market order aiming at the typical closure of the gap. Other times it makes more sense to let the price run in the direction of the gap for a bit before betting on a reversal closing of the gap: in this case this end-of-day strategy would require to enter a limit order instead of a market order. BINARY OPTIONS We are not experts in binary options.

This is actually the typical question that FuturoFX is made to answer to. If it spots a good correlation between the present price behavior and the past, it can help you predict quite efficiently how the price is most likely to behave. It took us a few months before deciding that FuturoFX was ready for becoming public, as we worked on refining the original code and making sure that we could be able to write all the sentences above. FLEXIBILITY We’ve been talking mainly about Forex but every single instrument you broker makes available on your MT4 platform can be analyzed and forecasted with FuturoFX. FuturoFX you will be able to forecast stock indexes, stocks, gold, silver, oil and many more. Everything your MT4 broker offers you as a trading instrument. FuturoFX is a very flexible correlation engine.

The user can tweak a good number of settings in order to adapt this engine to each specific financial instrument and timeframe. The FuturoFX Trading Assistant will help you predicting future price movement by analyzing the correlation of the current price pattern with those most frequently formed in the past. MT4 platform and on any instrument provided by your MT4 broker. Does this mean that the average projection must be in agreement with the best projection on each individual timeframe or does it mean that the average projection in one timeframe must be in agreement with the average projection in another timeframe and so on?

FuturoFX is a highly flexible correlation engine. You should consider it as a tool in your trading arsenal for putting the odds in your favor. We only suggest some possible ways to take advantage of this tool. A skilled scalper may use FuturoFX alone on a M1 or M5 chart.

You can increase the chances of getting a correlation match on chart when you do some or all of the following: decrease the correlation threshold, decrease look_back, and increase max_history. What Timeframe could you recommend for 15 minutes Binary Options. Unfortunately we do not have backtest of forward test data of FuturoFX used for Binary Options. I have a big favor to ask you. 0 operating and setup instructions and I need the instructions to set up everything properly. Could you please forward complete instructions to me?