FOREX on the principle of Grebenshchikov
forex trading strategy: on the principle of Megaskalping Grebenshchikov
1. The currency pair - EURUSD.
2. Entering the market provide by Bollinger bands ( Bollinger Bands ) on the interval M30 (30-minute time range) or a time frame of a larger period of H1 and above. If the indicator forex Bollinger Bands shows parallel lines, then we put pending orders above and below the horizontal channel , Bollinger bands formed at a distance 20 points ( at the same time so do not forget to take into account the size of the spread).
3. At the same time analyze the more senior the interval - D1. If going to the range of D1, we will see that we are in the channel (see Figure 1), then we put only one pending order, only on the channel Bollinger.
Fig.1. Clearly visible channel on the daily timeframe.
4. Stop-loss set at 20 points at the opposite boundary of the horizontal channel formed by the Bollinger bands.
5. If one of the orders to work, then we will have two case scenario :
Our open position went to the minus (or plus, but less than 25 n) and the end result is still triggered a safety stop-loss. In this case, after a trend reversal, we will work exhibited second order - the reverse, in which there are two of the same event ...
warrant still went into a plus. At 25 nn portable safety stop-loss in the region or in other words bezubytka swap to zero . And then use trailing stop at a distance of 20 points on 4-hour timeframe.
6. Opening additional positions was carried out at 20 points on the extreme values ??for the 4-hour chart, and until such time as a joint safety stop-loss of open trading positions and will be an additional plus in the area. (See Figure 2). It is also possible permuted safety stop-loss in the region bezubytka only further an open trading positions at a time when the profit on it is at least 25 points (for example, if you do not have the exact confidence to rebound from the border daily price channel).
Fig. 2. Horizontal channel at 30-minute chart.
7. Closing open trading positions are only stop-loss . If the price is close to the border daily price channel and you have no confidence in the fact that she is his punch, then you can trelingovat trading position at a distance of 50 points.
8. In the final day channel breakout, Bollinger constructed, and the rebound beyond its borders - open additional positions in the direction of the trend .
9. Risk Management for the forex strategy or in other words - money management:
Recommended open a trading account forex to work on this strategy, " Megaskalping on the principle of Grebenshchikov " - at least $ 500 on a single open trading position on miniforekse, ie per 0.1 lot.