TMA Bands MTF Intraday Trading System has been developed aiming trend following intraday forex traders. It doesn’t matter how volatile the market is, this system always plots a dynamic channel so that you know when to wait and when to pull the trigger according to the trend direction. So far, it has been observed that this strategy is quite profitable, steady and more importantly “safe” if you really know how to use it.
As an intraday strategy, TMA Bands MTF Trading System best fits with M15 to D1 timeframe charts. Therefore, its user has an option to check the trade setup in multiple timeframes before taking the trade decisions. Furthermore, you’ll be able to apply it to trade any forex currency pairs in the forex market.
TMA Bands MTF is a trading system based on TMA Bands and TMA Angle Metatrader indicators.
TMA Bands H1 H4 daily and weekly;
4x 2010 Sema indicator;
TMA Angle indicator.
Wait that price close above any TMA bands enter sell when non-lagma is red, TMA angle is red position. Target price is opposite H1 TMA band and Stop Loss is H1 TMA band upper.
Wait that price close below any TMA bands buy when non-lagma is blue, TMA angle is green position. Target price is opposite H1 TMA band and Stop Loss is H1 TMA band lover.
M15 TMA Bands: The most important part of the system. It plots both upper and lower channel at the main chart window. Price hits the upper channel means the market is entering the overbought condition. On the other hand, the price at the lower band indicates the oversold condition of the market.
Arrow Bands: It signals the possible swing areas of the market. The arrows point to the next possible momentum direction. For trade entries, you’ll need to find upward arrows at the lower band to buy and downward arrows at the upper band to go short.
Candle Shadow: It is a momentum based indicator. It turns blue means the momentum is bullish and turns red to signal the bearish momentum as well. Mostly it works like the “Heiken Ashi”
Both of these indicators works in the same manner to detect the current market momentum. Their value should be under 0.15 (oversold area) and their histogram bars should be turned white to confirm the long entry. Conversely, for a short entry, their value must be above the 0.85 level (oversold area) with their histogram bars turned as red.
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