33# Bollinger Bands with grid martingale
Bollinger bands and martingala trading
Submit by Lorenz 03/04/2016
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.
Metatrader indicators:
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.
Money management
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 the pictures Bollinger Bands with grid martingale in action.
Martingale with BB
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