TMA Band True Intraday Forex Scalping Strategy
This is a scalping strategy that is useful on a 15 minute, 30 minutes and 1 hour timeframe. This system works on any major currency pairs. The main indicator in this system is TMA with other indicators that will help confirm entries.
This system is trend following, All you have to do is identify the trend and make sure that the current wave is moving in the same direction.
Metatrader Indicators:
- Pivot levels;
- color MA( 12, 1, green buy, red sell);
- TMA True with distance;
- WPR Fast;
- WPR Low.
Sell Entry:
- We have color ma red cross downward middle band of TMA True (yellow line);
- WPR Bars (low and fast) are RED
Buy Entry:
- We have color ma green cross upward middle band of TMA True (yellow line);
- WPR Bars (low and fast) are yellow
Place stop loss at 3-5 pips below/above middle band (yellow line).
Profit Target on the pivot levels or predetermined.
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