171# GMMA Pullback Trading System (TradingView)

Submit By Massimo Trader

GMMA Pullback Trading System, is a trend following strategy based on slow moving averages and STT PCS an indicator that generates signals on short retracement on a trend. These indicators with which this strategy is built are custom algorithms programmed in pine script for TradingView, so this is a trading system only for the tradingView platform.

The idea behind this strategy is to make quick profits in the direction of the trend on the retracement of the price.

Setup strategy

The strategy works on all time frames.

Time frame: 5 min or higher.

Currency pairs: majors forex, indices and crypto.

TradingView Indicators

Search for indicators in TradingView > Indicators > Community Scripts > write in search (indicators name).

GMMA (default setting).

STT PCS (default Setting)

Trading rules

Trade only in the direction of the trend.

Buy

Price above the GMMA when the price retraces the buy signal generated by the STTPCS indicator appears.

Sell

Price above the GMMA when the price retraces the sell signal generated by the STTPCS indicator appears.

Please note: when multiple consecutive buy or sell signals are generated at more or less the same price level, only the first one is selected and the stop and target are inserted.

Exit position

Profit targets ratio stop loss maximum 0.8 to 1:1 or on a support or resistance level.

Stop loss at the previous swing and move stop.

Examples of trades