Bollinger bands martingale

The Beast or The Dragon. What would earn it such a name, you ask? The answer is simple and clear: I first found this strategy at forexstrategiesresources. Now for the strategy itself: Each Bollinger Band will be added separately, using the settings above and the result will be similar to the chart below:. Now we will be looking for a touch and break of the Red Bollinger Band and for price to go at least half way between the Red and Orange outer Bands.

The author indicates that a touch of the Yellow band would be even better but this happens less frequent. Once this condition is met, we trade in the opposite direction, aiming for a reversal which would bring us a profit. Here is a summary of the rules:. As you already noticed this is a pure counter trend strategy. In fact, it totally disregards trends and has no filters for identifying a strong more or a trend. The picture above shows a ranging market and the signals produced are very good and would produce In the Money trades if u would use a 5 minute expiry remember the strategy uses 1 minute chart for entries.

One thing to note is that a one minute chart is full of noise and trends are rarely seen here. And this applies to the Bollinger Band Scalp strategy as well: Probably the fact that it uses the 1 minute time frame which is characterized by a lot of noise and sharp reversals makes it better, but everybody who wants to use it should test it first.

One of my strategies is to look for a quick vertical line on the 1 min charts, wait for it to crest or pause, and then take 2 mins down. The BBs seem to really help.. Hi George, What I would do is look for a sharp vertical line that goes up, especially if it reaches a previous high, and then take 2 minutes down.

Bollinger Band Scalp – Profits for Binary Options Traders?

But lacking discipline — or patience — I would often go too early. I think the secret is to wait for it to fall often after head and shoulders and Then take it for 2 minutes, or even 5. Because it would often fall back to its original mark or even lower. It also seems to work better on peaks than on troughs as troughs seem to take longer to turn.

I am getting away from martingale as I have crashed my account more than once using it. Again, I think the way to trade it is to Wait for it to turn and fall and follow it. Follow the trend, not against it. I also changed the Bollinger Bands to 50,3 and 50,4 — waiting for it to touch or pass 50,3. It is handy as an option on those sharp vertical lines, but not as a strategy to rely on. As always paper trade first and count it up!..

HELLO , I just saw this strategy and also comments do you think its good strategy that I can use for long term please need your answer?

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Indikator-indikator Yang Bisa Memprediksi Arah Trend

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