253# TMA Bands with Stochastic
Triangular center bands with Stochastic oscillator
Extreme reversal trend momentum
Submit by Joy 22
Triangular center bands with Stochastic oscillator is an reversal trend momentum strategy based two TMA with price action, timing for entry is stocastic oscillator based. The condition for entry in the market is that the price close or breaks on TMA with deviation 2.4 and the bands of the TMA 2.4 are above/below of the TMA with deviation 1.6. Then we have two TMA bands that ricalculates for to determine the direction of the market and classic oscillator for timing entry in the market.
This strategy is very suitable for trading with renko charts.
Time frame 5 min or higher.
Currency pairs any.
Binary options expiry time 5-7 candles depends by time frame.
Metatrader 4 indicators
TMA CG Madlen half length 50, price 6, deviation 1,61.
TMA 55 half length 10, price 0, deviation 2,4.
Stochastic Buy Sell arrovs 5,3,3. The stochastic arrow does not recalculate and repaint.
Trading rules TMA Bands with Stochastic
Buy or Call
When the price close or breaks on TMA with deviation 2.4 and the lower band is below of the band of the TMA with deviation 1.6, wait buy arrow of the stochastic oscillator.
Sell or Put
When the price close or breaks on TMA with deviation 2.4 and the upper band is above of the band of the TMA with deviation 1.6, wait sell arrow of the stochastic oscillator.
Exit at the middle or opposite band of TMA with deviation 1.6.
Stop loss below/above the swing.
In the pictures TMA Bands with Stochastic in action.
Share your opinion, can help everyone to understand the forex strategy
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Renko System Double Stochastic with TMA line. Submit by Mike Trader 22/02/ 2014. Renko Chart Trading System: Dss with extreme TMA line is a forex
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Dec 8, 2018 ... The use of bands based on triangular moving averages has been the ... In this strategy, TMA
Centered Asymmetric Bands are used at 15 and ...
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Igor (Sunday, 27 January 2019 16:45)
The stochastic does not recalculate!! It's awesome....
Matt (Monday, 07 January 2019 16:23)
The main issue I have with a lot of TMA based systems is that since the TMA will re-calculate, most of the trade setups shown in examples would not of happened in real time. So it looks great when viewing the history, in real time however you will miss most of those trades.