Download TMA Bands MTF Forex Trading System Strategy For Mt4

Download TMA Bands MTF Forex Trading System Strategy For Mt4

The TMA Bands MTF Trading System can be used on any timeframe. However it is good to note that the system will be more effective if used on a higher time frame like H1 and above. This is not to mean that you cannot use it on timeframes lesser than the one hour. You may still use it but the results may not be as perfect as those of timeframes higher than H1.

In TMA Band trading system, the RSI indicator is integrated into the candles. Therefore there is no line drawn to indicate the RSI indicator.

All these templates employ the same strategy. The only difference is the number of indicators that are used in each.

Using the TMA trading system to buy and sell

As a trader, you should wait for the price to go above a TMA Band and wen the color of the non-lagma and the TMA angle is red in color for you to open a sell position. Your stop loss should be placed at the upper line of the TMA band while the take profit or the target price is placed at next line of the band.

To open a buy position, you should wait for the price to go below a TMA Band and wen the color of the non-lagma and the TMA angle is red in color for you to open a sell position. Your stop loss should be placed at the lower line of the TMA band while the take profit or the target price is placed at next line of the band in the direction of the market.

It is advisable that you should go for the template that provides enough information for you to open a trade. Remember the objective behind opening every trade is to make profit. Therefore ensure that you are satisfied with the signal provided before placing an order.

Register to download

Login To Unlock The Content!