- 1 Post By ziemo
Harmonic Grid Trading System - Reversed Martingale
today I would like to present you another martingale system.
But this one would be slightly different from the one I described here: Harmonic Martingale Entries System
This time martingale would be applied not on every next harmonic pattern, but we will make multiple entries inside one harmonic.
1. We draw Fibonacci Levels from X to A.
2. We don't use standard Fibo. Here, every level is exactly 20% away from another one. So it will go like: 20%, 40%, 60% etc.
3. Our first entry is accroding to the pattern's direction (buy). We set our TP 3 levels higher (20ret). In case the price will go against us, we set up pending sell order (with the bigger lot size) on 100ret. TP for sell order is 3 levels lower, so in this case it would be 160ret. Immediately, when the sell order is activated, we close the buy and in its old place we set another pending buy (also with bigger lot size). Every new order is with the bigger lot (see the suggested martingale table).
We continue until the price will hit TP (for sell or for buy, it doesn't matter which one).
See attached pictures to get the idea: