Forex Grid Martingale Bollinger Band Strategy

Trading Strategies 0 2,766




Summary : 

Forex Grid Martingale Bollinger Band Strategy 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.

 

 

Metatrader Indicators : 

- Bollinger bands (100, 2);

- Bollinger Bands (100, 3).

 

Trading Conditions

- Chart Timeframe : 15 Minute and 30 Minute, 1 Hour.

- Currency Pairs : Any Pairs.

 

Long Position Entry : 

1.     Price must touch off the lower boundary of the blue Bollinger.

2.     Open a buy position with target profit points and without stop loss.

3.     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.

 

Short Position Entry : 

1.     Price must touch off the upper boundary of the blue Bollinger.

2.     Open a sell position with target profit points and without stop-loss.

3.     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.

 

Exit Rules : 

- Profit Option 1 : 15 Pips (GBPUSD, USDJPY, USDCAD, EURJPY)

- Profit Option 2 : 12 Pips (EURCHF)

- Profit Option 3 : 13 Pips (EURUSD, EURGBP, USDCHF)

 

Note:

- 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.

- Grid: GBP/USD, USD/JPY, USD/CAD, EUR/JPY, 30 pis.

- Grid: EUR/CHF, 20 pips,

- Grid: EUR/USD, EUR GBP, USD/CHF, AUD/USD 25 pips.

 

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.

 

How to install Files?

- Download *.zip file.

- Copy tpl file (Template) to your Metatrader Directory / templates /

- Start or restart your Metatrader

- Select Chart and Timeframe where you want to test your forex strategy

- Right click on your trading chart and hover on “Template”

- Move right to select Template

- You will see Trading System strategy is available on your Chart

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