Forex Grid Martingale Bollinger Bands Trading Strategy
Forex Grid Martingale Bollinger Bands Trading Strategy;
Bollinger Bands with grid martingale is based only on two Bollinger bands indicators after the opening of the first position using a grid of orders in case the price has gone in the wrong direction.
INPUT PARAMETERS
Currency pairs: any.
Timeframe: 15 min, 30 min, 60 min.
Trading hours: any.
Bollinger bands (100, 2);
Bollinger Bands (100, 3).
Long Entry
Price touched off the lower boundary of the blue Bollinger.
Opening a buy position with take-profit points and without stop-loss.
After every 30 pips (depends by currency pair ) below the entry point of exhibiting the pending orders to buy without stop-loss with martingala 1.5.
Close the orders when are in gain.
Short Entry
Price touched off the upper boundary of the blue Bollinger.
Opening a sell position with take-profit points and without stop-loss.
After every 30 pips (depends by currency pair ) above the entry point of exhibiting the pending orders to sell without stop-loss with martingala 1.5.
Close the orders when are in gain.
Martingala example : 0.01, 0.02, 0.03, 0.05, 0.08, 0.11, 0.15, 0.2, 0.25, 0.32, 0.4, 0.5, 0.65, 0.8, 1, 1.2, 1.5, 1.8 2.1 , 2.4, 2.7 , 3.
Profit Target 15 pips ( GBP/USD, USD/JPY, USD/CAD, EUR/JPY)
EUR/CHF 12 pips
EUR/USD, EUR GBP, USD/CHF, AUD/USD 13 pips.
Grid: GBP/USD, USD/JPY, USD/CAD, EUR/JPY, 30 pis.
EUR/CHF, 20 pips,
EUR/USD, EUR GBP, USD/CHF, AUD/USD 25 pips.
Tips
Remember this strategy kill your account!!!
When apply this strategy?
This strategy can be successful is applied to sideways markets.
Apply this strategy only at the currency pairs in sideways at the daily time frame.
The best tool for find the sideways market is the regression channel.
The channels must be parallel.
In markets trend this strategy kills your account.
If this strategy applies to sideways markets can generate large profits.
Open a $ 5,000 account when reach $ 50,000 to close the account.
Apply this strategy to 4 side markets.
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
How to install Forex Grid Martingale Bollinger Bands Trading Strategy?
- Download Forex Grid Martingale Bollinger Bands Trading Strategy.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Load indicator on your chart
How to uninstall Forex Grid Martingale Bollinger Bands Trading Strategy?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.