GMMA Forex Trading System
The GMMA forex trading systems is based on GMMA indicator alongside with other confirmation indicators. The timeframe used for this system is 5 minutes or higher and is suitable for the EURUSD, AUDUSD, and GBPUSD pairs.
MT4 Indicators:
- GMMA
- EMAcross (4,6)
- Laguerre
- MACD (5,35,5)
- BBStop
- Slope Direction
Long Entry
- Wait for a long signal alert (EMA Cross signal or BBstop).
- The guppy MMA: The green lines must be above the red lines! Green, Red and Yellow lines must agree and head north. All the lines must be going in the same direction.
- LAGUERRE: Laguerre line must cross the 0.15 from below and head up
- MACD: When you get the signal MACD must be above 0.
ALTERNATE EXIT: You can choose your own method and close positions at pivot points or when slope direction line goes red after a move, or when price (a new candle) opens on the other side of the BBSTOP.
Short Entry
- Wait for a short signal alert (EMA Cross signal or BBstop).
- The guppy MMA: The green lines must be below the red lines! Green, Red and Yellow lines must agree and head south.All the lines must be going in the same direction.
- LAGUERRE: Laguerre line must cross the 0.75 from above and head down
- MACD: When you get the signal MACD must be below 0
STOP LOSS: 5 points (+spread!) above recent HIGH
ALTERNATE STOP LOSS: 20 points on default pairs and 25 points on more volatile pairs such as the GBP pairs and crosses. Choose whatever SL method fits you best
EXIT: When you open a position you can then choose to close half of the position on the first pivot point and let the other half run till the slope direction line goes blue.
ALTERNATE EXIT: You can choose your own method and close positions at pivot points or when slope direction line goes red after a move, or when price opens on the other side of the BBSTOP.
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