292# TMA- Indicator Trading Flash
Best Setting TMA for Binary and Scalping
Price action trading with TMA Bands.
Submit by joy 22
TMA Indicator Trading Flash is a study to find a suitable configuration for the triangular moving average for Scalping, Day trading and Binary High / Low Options. I did this study because for at least two years I have requested this thing on the site, because many traders have complained that they have applied the TMA (sold online under other names and have not achieved the promised results, but only burned accounts).
Question: TMAs are suitable or not for scalping, day trading and for trading on high / low binary options.
Reply
The most used TMAs recalculate in real time in ways directly proportional to the configuration of the main parameters (deviation and half period). So, in very simple terms, the smaller these parameters and the greater the recalculation and evident, the greater these parameters and the slower the recalculation and much less evident and perceptible, in other words by inserting large parameters the signals that generate the TMA are 95% verifiable and reliable.
In conclusion by answering the question whether the TMAs are suitable for trading I say the following:
They are an excellent trend filter.
Using them directly you must always have large parameters the signals they generate are suitable for trading on forex and binary options managed by a good money management and position management.
The parameters that I found are not the Holy Grail but are still interesting.
Here are the indicator parameters that I found for 1 min, 5 min and 15 min time frames.
Half length 150 period.
Price 6
Bands Deviations (4.7)
Interpolated: True.
If you find parameters that are better than these, share them.
As for scalping and day trading, the profit must be inserted 2-7 pips before the central band (it depends on the time frame and the currency pair) the stop loss equal to the profit target.
For Binary Options expiry time 15 candles you can use the Martingale up to three steps.
In the pictures TMA Bands in actions.
Telegram Channel
Share your opinion.
