466# TMA Bands with Zee Zee indicator
Zee Zee trading
Submit by Roland 25/05/2015
TMA Bands with Zee Zee indicator is a great scalping system that I want share here.
This trading system is very simple.
Time Frame 5 min or higher.
Markets Any.
This scalping system is also good for trading on the binary options high low.
Expiry time 4-6 candles.
Setup for scaping 5 min-15 min time frame.
Currency pairs majors or index.
Metatrader Indicators:
TMA CG:(56, 6 , 1,61 with alert true) this is a indicator programmed by Madlen.
Zig Zag v.2 (60, 12).
ARRZZX2,
Zee Zee (21 period ) , this a CCI modified.
Trading rules TMA Bands with Zee Zee indicator
Buy
When the aqua dot formed support entry a buy order when the zee indicator go above the zero level.
Sell
When the yello dot formed a resistance entry a sell order when the zee indicator go below the zero level.
Exit position
Place stop loss 3 pips above below the support or the resistance.
Profit Target: 5min time frame 10- 15 pips, 15 min time frame 15- 20 pips.
In the pictures TMA Bands with Zee Zee indicator in action.
Share your opinion, can help everyone to understand the forex strategy
