Extreme TMA Bands NK forex sytem Strategy For MT4

Extreme TMA Bands NK forex sytem Strategy For MT4

 

Table Of Contents:

  1. Extreme TMA Bands NK forex sytem Strategy For MT4
  2. Extreme TMA Bands NK forex sytem Strategy For MT4 - Indicators
  3. Trading the Extreme TMA Bands NK forex sytem Strategy For MT4
    1. Long Entry Setup
    2. TMA Bands selling strategy
  4. Stop Loss and Take Profit Settings
  5. Extreme TMA Bands NK forex sytem Strategy For MT4 - conclusion

 

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 Extreme TMA Bands NK forex sytem Strategy For MT4 is built to be a trend-following system. It uses indicators that plot a set of bands and use an oscillator to filter the signals so that trades are only taken when there is momentum on the side of the trade. So this is yet another strategy that is a combination of a trend indicator and a momentum indicator. But what are these indicators?


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Extreme TMA Bands NK forex sytem Strategy For MT4 - Indicators

 

The strategy makes use of several indicators.

  1. The TMA bands indicator is the trend following indicator.

  2. The TMA Slope indicator is the momentum indicator.

  3. Additionally, you can add a pivot point indicator.

 

The Triangular Moving Average (TMA) is an indicator which is similar to the conventional moving average indicator. The TMA indicator shows a mean or average price of an asset over a certain time period. However, the key difference between the conventional moving average and the Triangular Moving Average (TMA) bands indicator is that the latter one is a double smoothed indicator, which means that the price is averaged twice. The Triangular Moving Average (TMA) uses several input data like volume and price. The TMA Bands indicator is overlaid on the chart and plots several lines that are measured with the pivot points to derive a trading signal.

The THV4TzPivotsD Indicator is a pivot point calculator. It plots the daily pivot points using the previous day's high low and closing prices. The indicator can be positioned in such a way that the pivot points can draw the lines to show the daily pivot points over several days. It can also be configured to show the pivot points for the current day.

The third indicator used in this strategy is the TMA slope indicator. This indicator performs the function of a momentum indicator. It has its own window with a visible range that is able to show the overbought and oversold levels that represent the extremes of price action. The TMA Slope (Normalized) is the slope of the TMA line.

It is made up of histogram bars that perform a colour change as the price extremes are approached. The focus of this strategy is the contact that the histogram bars make with the overbought or oversold areas after crossing the midline point (+ 0.5 as overbought and -0.5 as oversold on the MT4 charts). It manifests as a colour change on the first histogram bar that makes contact with the oversold or overbought areas. Subsequent bars also take up the changed colour until the price crosses the midline to touch the oversold point (-0.5).

 

Trading the Extreme TMA Bands NK forex sytem Strategy For MT4

 

The objective of the strategy is to catch the market extremes in trending markets. The TMA Bands indicator indicates the trend. The TMA Bands do not react quickly to the volatile conditions of the market. That’s why the TMA Bands do not change direction very abruptly.

The TMA Slope catches the market extremes using the overbought (+0.5) and oversold (-0.5) market areas in its indicator window. The pivot points are basically used as additional entry and exit guides.

The buy and sell setups of the Extreme TMA Bands strategy are discussed below:

 

Long Entry Setup


    • Wait for the first price bar of the TMA Slope normalized indicator to close above the 0.50 value.


    • Enter the long position when the candles are either at the lower band of the TMA Bands indicator, or at a support pivot. Enter the long position at the opening price of the next candle.

 

 The Extreme TMA Bands NK Forex Strategy For MT4_2

The chart shows two possible buy entry points. The first was at the lower band of the TMA Bands indicator, while the 2nd was also at the lower band, where it intersected a pivot point. The price came from above to meet the pivot point, and therefore it is a support pivot.

 

Stop Loss and Take Profit Settings

You can exit the long position when the first bar of the TMA slope normalized indicator closes below the 0.50 value. You may also exit when the price has reached a level where a previous resistance is seen.

You can place the stop loss slightly below the recent swing low and you can move your stop loss to breakeven once the floating profit reaches a minimum of 20 pips.

 

TMA Bands selling strategy

 

    • Wait for the first bar of the TMA Slope normalized indicator to close below the -0.50 value (oversold).


    • You can then enter the short position at the upper band of the TMA Band indicator, or at a resistance pivot (if price is coming from below to meet the pivot). Allow the candle to close before entering.



Here, the sell signal occurred at the upper band of the TMA Band indicator.

 

Stop Loss and Take Profit Settings

You can exit the long position when the first bar of the TMA slope normalized indicator closes below the 0.50 value. You may also decide to exit the trade at the site of a previous support.

You can place the stop loss slightly below the recent swing low and you can move your stop loss to breakeven once the floating profit reaches 20 pips.

 

Extreme TMA Bands NK forex sytem Strategy For MT4 - conclusion

Like any other trading system, the probability of losses cannot be eradicated in the TMA Bands Nk forex trading system. Therefore, it is advised not to take blind risks on this system rather backtest the system and run on demo before going with the live account.

Download the complete system description and the files here:

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