641# ITMX Trading
Submit by Janus Trader 18/06/2015
ITMX trading is a simple trend-reversal trading system. Here i shows two mods for trading with this indicator.
Time frame 30 min or higher
Financial markets: Forex, Commodities, Indicies.
First , aggressive “reversal”
When appears the aqua arrow place a buy order at opening of the next bar.
Place stop loss 10 pips below the previous low or setup bar .
When appears the red arrow place a sell order at opening of the next bar.
Place stop loss 10pips above the previous high or setup bar .
Exit at opposite arrow.
Second , conservative “trend trending”
Indicator ITMX, Cloud
Trading only in the direction of the trend
Price above the Cloud aqua (trend indicator)
Buy Arrow ITMX
Price below Cloud red
Sell Arrow ITMX
In the pictures ITMX trading in action.
ITMX as alert
You can use IT as alert with a trend indicator or momentum indicator as entry in the market.
In the examples there are two trend indicator: price channel stop, Step Ma and one momentum indicator ,Stochastic cross alert (setup 50, 13, 2).