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Manual Trade Lanes w/ Martingale Grid Recovery (Genom ForexScotty )

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Manual Trade Lanes w/ Martingale Grid Recovery Diskussion

Jan 08 2016 at 20:00
57 inlägg
Manual trading strategy using Dynamic Fibonacci Grid. Sometimes called Trade Lanes or Tiger lanes. https://www.forexfactory.com/showthread.php?t=558372

Trade entries made during times of strong price movement following trend lines. I do not own, recommend or can take any credit whatsoever for the creation of the indicators and EA shown. The indicators are available on Forex Factory. The EA, I purchased from MQL5.com through the MT4 marketplace. I just put them all together on a chart to find something I could trade easily and with confidence.

Feel free to educate yourselves on their use from the blogs below.

indicators used
SuperJoltMoneyLanes - https://www.forexfactory.com/showthread.php?t=558372
SHI_Channel_True - https://www.forexfactory.com/misc.php?do=showattachments&t=190646&hideimg=1&page=3
Hitman MTF RSI - https://www.forexfactory.com/showthread.php?t=504229

Manual entry made using Manual Trader EA - https://www.mql5.com/en/market/product/4630

The Manual Trader EA has a Martingale recovery feature this does get used on occasion when I make a bad entry choice (or a good one and the market changes its mind). But for the most part the Money lanes are accurate 80% of the time. I have just found a mixture of EA and Indicators that work well for me.

The previous historical data found on this account shows my trial and error process. I have had bad experiences with purchased fully automatic EA's. This current run starts on December 23rd after I added the SHI_Channel_True indicator. The results have improved greatly.

Of course, any strategy that uses a martingale is EXTREMELY risky. But, if the proper entry is placed each and every time, then that likelihood is decreased. To further compensate for that possibility of a blown account, I will be building a Forex specific savings account that will be used to re-fund the forex account in the event it were to fail. Hopefully it will not be needed.

At the moment, I feel comfortable enough to post my results. I think as I get more comfortable and increase my accuracy and confidence, I will drop the Martingale recovery portion and just use a straight SL.

But I like what I see so far.

Jan 08 2016 at 20:49
57 inlägg
Basic Strategy is simple. Of course, it took a long time to feel comfortable with the rhythm of the market as it moves.

If the RSI (Hitman) indicator is the same color (Blue for BUY, Red for SELL), I look at the Money Lanes. If the lanes show clear in the direction of the direction I wish to go, I then look at the Channel indicator as a confirmation of direction as well as ensuring the price is not near a reversal point.

If all agree, I place the order with a trailing stop that begins at 8 pips with a 4 pip trail. I have a 30 pip take profit for communication loss but it rarely hits unless there is a spike in the price.

There is not a stop loss as the martingale covers that in a grid methodology.

I allow the entire account be used like a global stop loss. In the off chance the account were to blow, I would re-evaluate the system, make adjustment necessary, and re-fund the account from the Forex Savings account that I built from the profits of this system and start over.
Jan 15 2016 at 02:19
57 inlägg
New account started so we can have a clean history and offer signals with accurate data.

Jan 17 2016 at 15:01
57 inlägg
This weekend, I received an email from myfxbook support.

Hello ForexScotty!

There is a new user waiting to copy your Manual Trade Lanes w/ Martingale Grid Recovery system with signal start (in total 1 users).
Open an account with Signal Start today, set a subscription fee and start generating an extra income: www.signalstart.com

Once you open an account with Signal Start, your potential clients will be instantly notified by email.

Best Regards,
The Myfxbook Team.

I am assuming that since I use a martingale type grid and cannot use the myfxbook signal service, they are the ones inviting me. So, my signals are available there as well as through the MQL5 signal market.

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