35# MBB Renko Martingale

MBB Indicator trading

Submit by Lambert 08/10/2016

 

MBB Renko Martingale is a reversal-trend strategy based on the MBB indicator.

This strategy can also be used with bar charts or candlestick in this case use the time frame 15 min, 30 min, 60 min, 240 min.

Currencies: EUR / USD, GBP / USD, AUD / USD, USD / JPY, NZD / USD, (majors, mininors);

Indices: S & P 500, NASDAQ, DAX, FTSE, CAC 40, FIB 30.

 

Box size charts for renko 4-10 pips.

Metatrader indicators:

MMB Alert (only indicator used in this strategy.)

In the folder there are also these two indicators:

MBB and MBB Call.

For trend strategy:

Moving average 50 period;

Moving avera 100 period;

Renko live chart indicator.

 

Simple strategy

Buy

When appears the buy arrow, place a buy order.

 

Sell

When appears the sell arrow, place a sell order.

 

For this strategy you can apply martingala with multiplier 1.8 or 2.0 (0.01-0.02-0.04-0.08- 0.16- 0.32-0.64)

 

Trending strategy

Trading only in direction of the the trend.

Trend up = MA50>MA100.

Trend down = MA<MA100.

 

Buy

Trend up MA50>MA100

Buy arrow of the MBB alert.

 

Sell

Trend doewn MA50 <MA100

Sell arrow of the MBB alert.

Exit position with fast profit that depends by Box size for renko ,chart or time frame for bar chart.

Place initial stop loss on the previous swing.

 

For these strategies you can apply martingala with multiplier 1.8 or 2.0 (0.01-0.02-0.04-0.08- 0.16- 0.32-0.64).

 

In the pictures MBB Renko Martingale in action.

MBB Renko Martingale
MBB Renko Martingale
MBB Renko Martingale
MBB Renko Martingale
MBB Renko Martingale
MBB Renko Martingale trend trading
MBB Indicator with bar chart
MBB Indicator with bar chart
MBB Renko Martingale.rar
compressed file archive 13.5 KB
RenkoLiveChart_v600.6_indi.rar
compressed file archive 27.6 KB

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Comments: 1
  • #1

    Zagot fx (Saturday, 08 October 2016 20:20)

    This sharing is also very interesting for bar charts.