346# TMA Band with Range Trading System
Revesal Forex Strategy
Submit by Mek2 03/06/2013
This is a reversal forex strategy based on the indicators:TMA Band and JMA.
Time Frame
This forex strategy(TMA Bands with range) can be traded on almost every timeframe available starting from15 minute straight to the Monthly charts.
Currency Pairs:
Every currency pair can be used.
Metatrader Indicators:
TMA Band with range;
JMA 5 with (Moving average smoothed 4 period) and (add levels 20 and 80).
Long Entry Rules
1. Price must touch or go below the Lower TMA Band.
2. jma must decline below the 20 level and then cross back up.
3. A bullish candle must close above the Lower TMA Band.
4. When the above conditions are met, place a buy order.
5. After that, set the stop loss just below the most recent Swing low.
6. Set the take profit equal to the stop loss (1:1 risk to reward ratio).
7. Another exit option is closing the trade when there’s a reversal signal. In this
situation, we will not be setting a take profit level. Instead, when price moves in
our favor at the same amount as the stop loss, we need to move the stop loss to
break even. Then we wait for reversal signal before closing the order. This way,
we can get the maximum profits from strong trending markets.
The chart below shows long trade conditions being met.
Short Entry Rules
1. Price must touch or go below the Upper TMA Band.
2. jma must above the 20 level and then cross back down.
3. A bearish candle must close below the upper TMA Band.
4. When the above conditions are met, place a sell order.
5. After that, set the stop loss just below the most recent Swing low.
6. Set the take profit equal to the stop loss (1:1 risk to reward ratio).
7. Another exit option is closing the trade when there’s a reversal signal. In this
situation, we will not be setting a take profit level. Instead, when price moves in
our favor at the same amount as the stop loss, we need to move the stop loss to
break even. Then we wait for reversal signal before closing the order. This way,
we can get the maximum profits from strong trending markets.
The chart below shows long trade conditions being met.
Other Exit Position for 15 min Time Frame:
-
Profit Target 7-12 pips depend by currency pairs.
-
Whe jma crosses in oposite direction.
In the picture TMA Band with Range forex system in action.
Share your opinion, can help everyone to understand the forex strategy.
TMA Bands Trading System
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Emi (Saturday, 16 May 2015 15:38)
great system, great share