- 1 Martingale Calculator
- 2 Register for free below and earn $10,000 in unlimited virtual money!
- 3 Using Only Candle Color For Martingale System Trading
- 4 Brokers To Use The Martingale System
Minimum Investment (For example: 10)
Yield, % (For Example: 80)
Number of Martingale Steps:
Transaction Sequence — calculator calculation result. These are the subsequent deal sizes you will have to make in order to follow the martingale strategy. test the Compound interest calculator.
Maximum Consecutive Loss — number, e.g. 4, 5 or 6, etc. This is the amount of consecutive losses your trading strategy can allow (or how much your initial deposit can allow).
Register for free below and earn $10,000 in unlimited virtual money!
There is no doubt that indicators make life easier for investors. Many will help you determine when the trend is likely to continue or reverse. Others indicators will show changes in trading volume, in this strategy we will use the martingale system.
However, not everything is prefect, they have a problem — the delay. All indicators use previous price data. Therefore, reading and interpreting any indicator requires some practice in trading.
But what if you don't want to trust indicators while trading? Is there a trading technique that can allow you to trade safely without relying on technical indicators? Yes.
This method is simply based on studying the color of a candle and entering a trade based on that. This guide will show you how.
- Trading using candle color only;
- How were the 6 businesses;
- Recommendations for using this simple trading method.
Using Only Candle Color For Martingale System Trading
In this example I will be negociando the EUR/USD pair. I will also negotiate the hours from 11am to 12pm. The payback is typically higher on many platforms. I'm also going to use the 5-minute break candles.
When trading using candle color, your goal is to identify the true candles. That is, a full-length sail as opposed to sails special like doji's and pin bars. Once you have identified a true candle, you must switch to the next candle(s) that form after it.
Brokers To Use The Martingale System
As far as money management is concerned, I will use the Strategy Martingale on a binary options platform.
This discipline requires you to increase the value of your trade for each consecutive trade. I will enter 6 trades before closing my trading session.
The table below explains how the Martingale System will be used.
See How the 6 Businesses Were Using the Martingale System
The first two deals went very well. Look at the different markets on the left of the chart. There is no real candle apparent, so I had to wait. As soon as the first bearish candle appeared, I entered a 5 minute short position (next candle). The next candle was up, so I entered a buy trade that lasted 5 Min.
The next session brought some mixed results. The market was fluctuating before a big bull candle developed. My buy position resulted in a profit. Then came a bearish candle, which prompted me to enter a profitable short position.
The next low candle led me to enter a position of sale that I ended up losing the negociação(3). Then came a bull candle (4), which prompted me to go into a long position. Fortunately, this operation turned out to be neutral. The closing of the doji (5) was the same as the closing of the bull candle (4).
The next candle that developed was the bearish one. I immediately entered a 5 minute position that turned out to be profitable. I entered into 7 trades. Of these trades, I lost a single trade, one trade ended neutral, and 5 trades were profitable.
Recommendations for Using This Martingale Method
Trading using candle colors is a simple way to make money without relying on indicators. However, your commercial entry should only take place when you find a full candle.
This means that you will have to spend a lot of time analyzing your price charts to find the correct pattern. In general, once you understand the principles behind this method, making money from binary options shouldn't be too difficult a task.
Now that you've learned this simple technique experience it on your demo account without using real money, when you are confident, use real money with strong money management.
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