Best time frame: M5
Best session: London
I settle for these indicators:
TMA ATR Channel (default)
viewtopic.php?p=1295394026#p1295394026
Oracle Move - Mod (arrows + alerts + fill)
viewtopic.php?p=1295399290#p1295399290
#SpudFibo: Fibonacci lines of the previous trading day high and low prices
RSI + Bollinger bands 1.02 & lines + alerts + arrow mtf
Wpr t3 (default)
There are two ways to trade:
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A: by Fibonacci lines
In the following example of GBPJPY, LONG only when TMA is green.
LONG @ Fibo 0.0%; exit @ Fibo 23.6%
LONG @ Fibo 23.6%; exit @ Fibo 38.2%
LONG @ Fibo 38.2%; exit @ Fibo 50%
LONG @ Fibo 50%; exit @ Fibo 61.8%
Or LONG @ Fibo 0.0%; exit @ Fibo 50%
Or LONG @ Fibo 0.0%; exit @ Fibo 61.8%
You trade one level of Fibonacci at a time. Step by step.
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B: by the trend of TMA
If TMA is green, then the short term trend is an UPTREND. It’s very short for only a few hours.
Vice versa, if TMA is red, then the short term trend is a DOWNTREND.
In an UPTREND, you go LONG only by following the arrows of Oracle Move indicator and RSI indicator. Also the vertical lines of the RSI indicator.
If there’s a GREEN arrow or a GREEN vertical line and WPR is green, then you go LONG.
Vice versa for a DOWNTREND.
If there’s a RED arrow or a RED vertical line and WPR is red, then you SHORT.
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Exit all trades at the end of the day or after New York session closes.
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MANDATORY RULES:
When TMA changes color from RED to GREEN, exit all SHORT trades.
Vice versa, when TMA changes color from GREEN to red, exit all LONG trades.
Do NOT SHORT @ Fibo 0%. It could be a bear trap.
Do NOT LONG @ Fibo 100%. It could be a bull trap.
It’s OK to lose $1.
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Attachments forums
Re: TMA - Triangular Moving Average indicators MT4
Banzai, Thu Dec 12, 2019 5:04 am
- M5 TMA WPR.tpl Downloaded 1146 times 1.62 MiB
- #SpudFibo.mq4 Downloaded 1188 times 7.52 KiB
- B-clock_TRO_MODIFIED_VERSION.ex4 Downloaded 1029 times 13.38 KiB
- Currency Strength Giraia 28 pairs TRO MODIFIED.mq4 Downloaded 1071 times 21.8 KiB
- DisplaySpread.mq4 Downloaded 981 times 1.56 KiB
- RSI + Bollinger bands 1.02 & lines + alerts + arrow mtf.mq4 Downloaded 1375 times 11.69 KiB
- Sessions.mq4 Downloaded 1043 times 15.12 KiB
- Symbol changer - vspat 1.2.mq4 Downloaded 1016 times 8.96 KiB
- wpr t3.mq4 Downloaded 1289 times 13 KiB