MA Bands Martingale Trading Strategy For MT4
Table Of Contents:
Please note: This strategy was publicly published in the trading community and is free to use. We do NOT make an attempt to decide if this strategy is profitable or not, because we know that the major factors regarding trading results are the skills/experience of the trader who executes the strategy. Therefore, we are mainly explaining the components and rules of the strategy. If applicable, we are highlighting advantages, disadvantages and possible improvements of the strategy.
The MA Bands Martingale Trading Strategy For MT4 is a short-term intraday trading system. As the title of this trading system suggests, this strategy uses the moving average bands and the martingale trading style.
There are mixed reactions when it comes to the martingale style of trading. Therefore, the MA Bands Martingale trading strategy for MT4 is not suitable for all kinds of traders.
There are quite a few indicators used in the MA Bands Martingale trading strategy for MT4. When you load the template for this trading system for the first time, you will notice that your MT4 trading terminal will freeze for a few minutes. This is perfectly fine.
However, if you do not like the fact that a trading system template can freeze up your trading terminal, you should avoid trading with the MA Bands Martingale trading strategy for MT4.
The first indicator used in this trading system is the moving average bands. The moving average bands indicator uses the 56-period moving average and an ATR period of 50 with a 2.5 multiplier. As and when the average true range of the prices rises, the bands will also expand a bit and similarly, the bands will contract when the true range is smaller.
In the first sub window of the MA Bands Martingale trading strategy for MT4, we have the super trader indicator. This indicator plots a red or a green box. When you see these boxes appearing, it only means that the trend is shifting. For example, if you see the red box, it indicates that prices will turn lower.
Similarly, when you see the green box, it indicates that price will turn higher. Of course, you should not rely on just this indicator to identify the trends. You should combine the information from the super trader indicator with the slope of the moving average bands to confirm that the trend is indeed shifting.
In the second sub window of the MA Bands Martingale trading strategy for MT4, we have the haos visual indicator. This is a histogram indicator which oscillators around the zero line. There are also two lines that tend to crossover each other like two moving averages. When the yellow line is above the histogram, it indicates that price action will be moving higher. Likewise, when the yellow line is below the histogram, it indicates that prices will be turning lower.
In the final sub window of the MA Bands Martingale trading strategy for MT4, we have the SSRC MTF indicator. This is a multi-time frame indicator which does not really show anything. There is just a green line. Therefore, traders can consider removing this indicator to make the template a bit more light weight. The above indicators combined together form the MA Bands Martingale trading strategy for MT4. Let's now take a look at how you can trade long and short positions using this trading system.
The MA Bands Martingale Trading Strategy For MT4 – Long positions
For long positions using the MA Bands Martingale trading strategy for MT4, wait for price to first drop to the lower price band of the MA bands. Following this, wait for the haos indicator to turn bullish. You will see this when the yellow line starts to rise above the zero line of the oscillator. You should then confirm the uptrend by looking at the super trend indicator.
The super trend indicator should plot a green box. This indicates that price action is turning higher. Now wait for a bullish candlestick to emerge near the lower price band and then take a long position. Use the previous swing low and set your stop loss level a few pips below.
Using the upper price band, you can now set your take profit level. Make sure that your risk to reward set up is at least 1:3 in order to maintain some degree of success of trading with the MA Bands Martingale trading strategy for MT4.
The MA Bands Martingale Trading Strategy For MT4 – Short positions
For short positions using the MA Bands Martingale trading strategy for MT4, wait for price to first rise to the higher price band of the MA bands. Following this, wait for the haos indicator to turn bearish. You will see this when the yellow line starts to fall below the zero line of the oscillator. You should then confirm the downtrend by looking at the super trend indicator.
The super trend indicator should plot a red box. This indicates that price action is turning lower. Now wait for a bearish candlestick to emerge near the upper price band and then take a short position. Use the previous swing high and set your stop loss level a few pips above.
Using the lower price band, you can now set your take profit level. Make sure that your risk to reward set up is at least 1:3 in order to maintain some degree of success of trading with the MA Bands Martingale trading strategy for MT4.
Is the MA Bands Martingale Trading Strategy For MT4 any good?
In conclusion, the MA Bands Martingale trading strategy for MT4 is a relatively ok trading system. It makes use of the price band indicator based on moving averages and uses a few oscillator to time the trades. There is nothing really unique about the MA Bands Martingale trading strategy for MT4.
However if trading with price bands is something you fancy, then you could give this trading system a go. As we mentioned earlier, the MA Bands Martingale trading strategy for MT4 is ideal for trading in the short term chart time frames only.
So, this trading system is not suitable for medium term or swing traders. Another point to bear in mind is that due to the fact that the template is a bit heavy, we do not recommend using this on more than one chart at the same time. This will ensure that your trading terminal does not freeze.
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