Binary TMA Channel Strategy For MT4
Table Of Contents:
- Binary TMA Channel Strategy For MT4
- Binary TMA Channel Strategy For MT4 Call option setup
- Binary TMA Channel Strategy For MT4 Put option setup
- Trade management technique
Please note: This strategy was publicly published in the trading community and is free to use. We do NOT make an attempt to decide if this strategy is profitable or not, because we know that the major factors regarding trading results are the skills/experience of the trader who executes the strategy. Therefore, we are mainly explaining the components and rules of the strategy. If applicable, we are highlighting advantages, disadvantages and possible improvements of the strategy.
The Binary TMA Channel Strategy For MT4 creates an opportunity to open trades with long term expiry. Options traders are usually biased with the short term trading technique and they don’t have any skill to analyze the essentials parameters. But this edge can solve all the issues.
Any trader who has strong analytical skills can take advantage of the major multilayer band. People often panicked after seeing the essential metrics of this edge. 7 TMA bands, Slope Direction Line, Symbol changer limited version, and B-clock is the major indicators for this edge. The 7 TMA bands are the main reason to get baffled with the template. Be advised, the template has been set up according to the optimum settings of each tool. So, there is a need to adjust the settings. Having a fair knowledge about the indicators is enough to take the trades and it should give you a clear position to open the new trades. But this is not going to be a typical Forex trading strategy.
As the trade will be taken in the binary market, traders are advised to open the trades after having strong knowledge of the expiry. If the expiry is determined properly, the trade has a high chance to succeed.
People who fail to adjust with the expiry of each trade, can’t get the best results of this edge. We can show you the path but it's up to you whether you will follow the rules. If all the rules are followed with precision, you do have an 88% chance to win trades. This a very strong win ratio compared to the traditional options trading system.
Binary TMA Channel Strategy For MT4 Call option setup
The 7 layers of green line are formed by TMA bands. These TMA bands are very powerful as it provides a multi-layer solution to open the long trade. Investors can pay attention to the slope of the multi-layer channel or take the trade without having any confusion. Wait for the price to test the TMA band and it should give you a rejection pattern. The rejection pattern in the TMA band comes in the form of PA signals.
Though it’s a binary edge, we have to know a few basic patterns. For the long, we will open the trade with the help of the bullish pin bar and the engulfing pattern. If any of these two forms of a candle is found at the support level or the green TMA band, you can open the long trade with zero confusion. But investors get crazy when they see the system 88% win chance. They ignore the payout for the trade and complicate the sequence.
The sequence of each trade should take strategically. You have to open the long trade and try not to risk too much in the early stage. When you get the buying signal, you have to focus on the basic pattern. If you spot any of the above-mentioned buying signals, you can set the Sl below the desired PA bar and open new trade with a great level of confidence.
But never avoid the basic rules for the trading process. People who avoid money management rules blow up the account. Lastly, when you open the call option the color of the slope direction line must be white.
Binary TMA Channel Strategy For MT4 Put option setup
To read layer of the TMA band is the selling zone. When the red layer of the band is tested by the price, you do have the chance to sell the asset. The handing man and the dark cloud pattern tends to be more prominent selling signals for these level. When you spot these selling signals, you have to evaluate the position of the candlestick pattern.
Usually, the candlestick pattern gives the investors a reliable rejection level. The price tests the red line and forms the selling signal. You have to wait and open the short trade. When the short trade is opened, you have to determine the risk level. Most people fail to earn money as the risk level is very high.
For this TMA band edge, the risk level should be contained to 1%. People who take a high risk to earn more, forget the golden risk management rules. Before you open the short trade, you can evaluate the position of the channel or TMA band. If the TMA band is parallel to the support level, you must look for a strong selling signal. If the price action signal is not that strong, you must not open the trade.
The minimum payout for each trade must be 80%. If the payout is less than that, the recovery process for each trade is going to be hard. People who find the balance level between the payout and the risk level consider the steps of this system as a golden rule. They can earn a significant amount of money without having any major trouble and this allows them to secure financial stability in the options market.
Trade management technique
To manage the new trades, you have to follow a strategic approach. People who don’t have any skills to open the trades strategically lose money most of the time. If you want to survive as a trader, be aware the risk exposure for the trade should be managed in a very significant way. Follow strategic steps from the start.
The risk for each trade should be set 2-3% of the balance. But this law applies to the experts. Unless you have strong analytical skills, you have to follow a standard approach of 1% rule. To balance out the risk, you must know the steps that require to mitigate the chaos. By the term chaos, we are referring to the noise and spikes in price. These spikes and noise are common when the news is being released.
To ease the steps in each trade, investors must learn this technique in practice accounts. As they use the trading edge in a practice account, they will become more confident with the approach and this should give them the strong will power to open trades at the most dynamics state of any asset. Try to this edge with the Forex majors and then move the cross pairs. As you gain more skills, focus on stocks and indices.
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