343# TMA Bands Scalping System
TMA Bands with NRTR ATR
Submit By Maximo Trader 24/05/2013
This is a great scalping system.
This is an trend reversal scalping system. This forex strategy is based on TMA Bands, when the price go to upper or lower bands, there is an high probability that the price reverse. But this is a scalping system, 5m time frame with high volatility, for added security that the price reverse direction I have added the NRTR ATR Bands.
Rules TMA Bands Scalping system
Time Frame 5 min;
TMA Bands indicator 15 min (15 min, 61, 3, 110);
TMA Bands indicator 5 min (5 min, 61, 3, 110);
sfx NRTR ATR indicator (20, 2).
Wait that the price, touches or breaks the lower TMA band; buy at the first change of the direction of the NRTR ATR Band blue color.
Wait that the price, touches or breaks the upper TMA band; buy at the first change of the direction of the NRTR ATR Band red color.
if the entry is for buy, is above the upper TMA Band 5 min, do not entry buy;
if the entry is for sell, is below the lower TMA Band 5 min, do not entry sell.
Exit position options
When reverse position sfx NRTR ATR indicator;
Profit Target on the TMA Bands indicator 5 min;
Profit Target 15 -25 pips depends by currency pairs;
Stop loss 10-15 pips.
This Forex Strategy is good also for trading with Binary Option High/Low 60min, coming soon in the section Binary Options
In the pictures TMA Bands Scalping forex system in action.
TMA Bands Scalping Forex System :Template and Indicators.
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TMA Bands Forex Strategies