Grid Martingale Forex Bollinger Band Strategy

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Grid Martingale Forex Bollinger Band Strategy

Thus system is based only in 2 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.
This is applicable to any currency pairs. It works best in 15, 30 and 60 minute timeframe. You can use this at any market sessions.

Forex Indicators:

  • Bollinger bands (100, 2);
  • Bollinger Bands (100, 3).

Long Entry:

  • Price must touch off the lower boundary of the blue Bollinger.
  • Open a buy position with target 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 martingale 1.5.
  • Close the orders when gaining.

Short Entry:

  • Price must touch off the upper boundary of the blue Bollinger.
  • Open a sell position with target 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 martingale 1.5.
  • Close the orders when gaining.

Martingale 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 for GU, UJ, UC, EJ. For ECHF take profit at 12 pips. 13 pips for EU, EG, UCHF and AU.

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.

Note:

Apply this strategy on a sideways or ranging market and Forex only. use regression channel to find a ranging market. The channel must be parallel.

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