294# TMA bands with Stochastic Jurik smooth
TMA Bands Trading Method
Submit by StoWed
Time Frame 15 min or higher.
Currency pairs: any.
This is a contrarian-trend trading system based on the two Metatrader indicators TMA Bands ( rewritten by Madlen and stochastic juriK smooth).
TMA +CG Madlen (TMA True),
T3 Dragon 1 (bars indicator),
Stochastic Jurik smooth (10, 14, 3);
Work Time (8:00-20:00)
if this trading system is used
in intraday trading i think that
this system works 24/24H.
Buy
Wait the price is in the lower channel and line white of Stochastic jurik smooth cross upward other lines.
Sell
Wait the price is in the upper channel and line white of Stochastic jurik smooth cross downward other lines.
Exit position
Profit Target predetermined, depends by currency pairs and time frame or ratio 1:1.2 stop loss.
Stop loss for buy 2 pips below lower band;
Stop loss for sell 2 pips above upper band.
Share your opinion, can help everyone to understand the forex strategy.
