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Piranha Strategy Trading Guide

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235 views

Piranha Strategy Trading Guide

Uploaded by

mchotiyaji
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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TRADING STRATEGIES

MARIO SINGH - 17 PROVEN STRATEGIES

PIRANHA STRATEGY
By Mario Singh
TRADING GUIDE
TRADING GUIDE AND STRATEGY RULES

SETUP

• Set your chart to the GBPUSD currency pair;


• Select candles for the chart type and set the time period to 5 minute bars
• Add the Bollinger Band indicator to the chart;
• Set the Bollinger Band length to 12 periods and 2 Standard Deviations;
• Predetermine your trading session window when you will trade the Piranha making
sure you avoid times when news events could affect the market;
• Set the position size of your trades to equal 3% of your account.

RULES

• Set stop loss levels at 10 pips and take profit levels at 5 pips;
• Enter short when the market touches the upper Bollinger Band;
• Enter long when the market touches the lower Bollinger Band;
• Only trade 1 position at a time;
• If the trade is profitable wait for the next touch of the Bollinger Band on either side of
the market;
• If the trade stops out for a loss the trader MUST wait for the opposite setup.
For example if the trader buys the lower band and the market keeps falling to stop
the position out for a loss the trader is NOT allowed to enter another long position.
The next trade that would be taken would be the next opportunity to short from the
upper band.

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