669# JMO with bands trading

JMO Trading 

Submit by Lorenz 05/01/2016

 

JMO with bands trading is a trend- momentum system based on JMO indicator.

Time frame 15 min or higher.

 

Currency pair: any.

DD_ELIMINATOR

Buy Signal

When there is a short candle that closes outside the dotted center line of the

DD_ELIMINATOR channel at the bottom of the DD_ELIMINATOR channel.

It must be followed by a long candle that closes inside the dotted center line of the

DD_ELIMINATOR channel at the bottom of the DD_ELIMINATOR channel.

 

If the above occurs a green vertical line will appear on the chart. Like so:

Sell Signal

When there is a long candle that closes outside the dotted center line of the

DD_Eliminator channel at the top of the DD_Eliminator channel.

It must be followed by a short candle that closes inside the dotted center line of the

DD_Eliminator channel at the top of the DD_Eliminator channel.

 

If the above occurs a red vertical line will appear on the chart. Like so:

JMO

Buy Signal

Oversold Scenario : When the JMO indicator has passed through the lowest

horizontal line (the alert line) towards zero then passes back through the second

 

lowest horizontal line (the trigger line) Like so:

JMO Sell Signal

Overbought Scenario : When the JMO indicator has passed through the highest

horizontal line towards 100, then passes back through the second highest horizontal

 

line. Like so:

Trading against the trend

When trading a retracement against the trend, look to take only a small profit, e.g. a

few pips or decide to breakeven if the price becomes sluggish.

Trading with the trend

When trading with the trend, look to take larger profits and be prepared to ride out

smaller retracements. There is no hard or fast rule as to how many pips to take; it

depends on the considerations listed below.

 

Set your Stop Loss at the nearest swing high/low. 

JMO with bands trading
JMO with bands trading
JMO with bands trading.rar
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