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Thread: Harmonic Grid Trading System - Reversed Martingale

  1. #1
    Senior Member
    Join Date
    Oct 2011
    Posts
    156

    Harmonic Grid Trading System - Reversed Martingale

    Hi Guys,

    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:






  2. #2
    Senior Member
    Join Date
    Oct 2011
    Posts
    156







    Here are suggested lot sizes for the orders: (let's assume, there is no spread, and we start from 0.10 lot. The distance fro buy order to sell order is 10 pips. Please bare in my mind, that adding spread makes a difference! So when you will be calculating lot sizes for your instruments, don't forget to add it!)

    lot size if loose (total) if win (total)
    1. 0.10 -10$ 30$
    2. 0.10 -20$ 20$
    3. 0.10 -30$ 10$
    3. 0.15 -45$ 15$
    4. 0.20 -65$ 15$
    5. 0.25 -80$ 10$
    6. 0.30 -110$ 10$
    7. 0.40 -150$ 10$
    8. 0.55 -205$ 15$
    9. 0.70 -275$ 5$
    10. 0.95 -370$ 10$

    etc.

    You can modify lot sizes whatever you like, but please be warned, that price can reverse more than 10 times between 80ret and 100, until it will finally go into profit target. If you have any suggestions how can this system be improved, please share your ideas
    dezire and mojir like this.

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