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.
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.
When appears the buy arrow, place a buy order.
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)
Trading only in direction of the the trend.
Trend up = MA50>MA100.
Trend down = MA<MA100.
Trend up MA50>MA100
Buy arrow of the MBB alert.
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.