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Mikhail Trader Strategies

The document outlines three trading strategies: the Red Line Strategy, the Double Bollinger Band Strategy, and the Sniper Entry Strategy. Each strategy has specific conditions for entering buy or sell positions based on market trends and price movements relative to indicators. The Red Line Strategy uses a moving average, the Double Bollinger Band Strategy employs two Bollinger Bands with different settings, and the Sniper Entry Strategy relies on break and retest techniques without indicators.

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Kevin Oo
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3 views9 pages

Mikhail Trader Strategies

The document outlines three trading strategies: the Red Line Strategy, the Double Bollinger Band Strategy, and the Sniper Entry Strategy. Each strategy has specific conditions for entering buy or sell positions based on market trends and price movements relative to indicators. The Red Line Strategy uses a moving average, the Double Bollinger Band Strategy employs two Bollinger Bands with different settings, and the Sniper Entry Strategy relies on break and retest techniques without indicators.

Uploaded by

Kevin Oo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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RED LINE STRATEGY

The only needed indicator is the moving average with period 7


THERE ARE SEVERAL CONDITIONS THAT MUST BE MET WHEN TAKING A BUY
POSITION WITH THE RED LINE STRATEGY

1. MAKE SURE THAT THE MARKET IS IN AN UP TREND OR DOWN TREND THE


CHARACTERISTICS OF AN UP TREND AND DOWN TREND OCCUR WHEN
CANDLES ARE ABOVE OR BELOW THE RED LINE
2. When the market is in an up trend or down trend, we can initiate a
reversal position as quickly as possible when the last moving candle
approaches or touches the red line

3. "If we enter a position at the right moment, we have a 100% chance


of making a profit
4. For a clearer understanding, you can watch my trading video on
YouTube on how to use this strategy.

Note: This strategy cannot be used when the market is in a sideways


trend.
DOUBLE BOLLINGER BAND STRATEGY

This strategy only utilizes two indicators, Bollinger Bands (BB), with
different parameter settings for their deviations. The first BB indicator is
set to default settings, which are period 20 and deviation 1. Meanwhile,
the second BB is set to period 20 and deviation 2. The appearance will
look like the following image

To generate a buy signal, you should wait for the closing price of 2
consecutive candlesticks to be above the upper band of the BB with
deviation 1 and not exceed the upper band of the BB with deviation 2. This
condition indicates market participants agreeing to continue the uptrend
after a prior consolidation.
In the chart above, it is evident that the closing price of candlestick 3 is
above the upper band of the BB indicator with deviation 1 (in red), and the
closing prices of the two preceding candlesticks (1 and 2) are above the
BB with deviation 1 but do not exceed the BB with deviation 2. If such a
condition occurs, you can open a buy position at the opening price of
candlestick 3.
In the chart above, it is evident that the closing price of candlestick 3 is
below the lower band of the BB indicator with deviation 1, and the closing
prices of the two preceding candlesticks (1 and 2) are below lower band
the BB with deviation 1 but do not exceed the BB with deviation 2. If such
a condition occurs, you can open a sell position at the opening price of
candlestick 3.
THE SNIPER ENTRY STRATEGY

To use this strategy, you don't need to use any indicators because this
strategy solely relies on the break and retest technique in a market

You can see that the market above is currently at a resistance level, and
there's a candle that 'breaks' and closes above the breached resistance
level. The next candle forms a pullback to the previously breached
resistance level and closes above it, now resistance level functioning as a
support level. When this happens, you can open a buy position on the
candle following the one that initiated the break.
You can see that the market above is currently at a support level, and
there's a candle that 'breaks' and closes below the breached support level.
The next candle forms a pullback to the previously breached support level
and closes below it, now support level functioning as a resistance level.
When this happens, you can open a sell position on the candle following
the one that initiated the break.

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