494# 4 Bars NLMA System
Multitime frame trading
Submit by Monik 15/12/2015
4 Bars NLMA System is a trend-following trading system based on MTF Supertrend Bar indicator.
Time frame 1min or higher.
4 Bars NLMA MTF
Pivot points level for intraday trading.
You can also ad a momentum indicator for confirm.
Trading rules 4 Bars NLMA System
Arrow green on the main chart confirmed by 4 green square.
Momentum indicator crosses upward (optional)
Arrow red on the main chart confirmed by 4 red square.
Momentum indicator crosses downward (optional).
Tips: You may have some adjustments, so it is important to filter the indicator, with momentum indicator and also the moving averages.
Make profit at the pivot points level, at the predetermined profit target or at the next opposite arrow.
Place initial stop loss at the previous high/low swing.
In the pictures 4 Bars NLMA system in action.
Here is the indicator to run 4 bars NMLA
NLMA filtered by MACD MTF
Buy arrow confirmed by 3 or 4 squared of NLMA indicator and MACD MTF with histogram green.
Sell arrow confirmed by 3 or 4 squared of NLMA indicator and MACD MTF with histogram red.
This updade of the system generates less trades but more accurate.