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TMT Scalping System

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  • What Timeframe you use this system?
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  • Post #1
  • Quote
  • First Post: Edited Apr 28, 2019 10:45am Feb 5, 2016 12:58pm | Edited Apr 28, 2019 10:45am
  •  swilliam
  • Joined Jan 2014 | Status: Member | 489 Posts
NEW Thread Without The FXGLOW Indicators
https://www.forexfactory.com/showthread.php?p=12242570


RULES

  1. NO Trolls.
  2. NO discussion of other non related systems.
  3. NO discussion of commercial materials (Brokers, Paid Products, etc)
  4. NO attacking and disrespecting other members.
  5. You can add tweaks to the system, but NOT change the Main Concept!

RULE BREAKERS WILL BE IGNORED WITHOUT NOTICE!


HISTORY
I'm NOT the creator of this system. The original system can be found on BabyPips Free Trading Systems
I want to share it here because i have read that a lot of people already have success in trading it. Some already doubling their live accounts!
Live Accounts can be found here http://www.forexfactory.com/showthre...61#post8735761
Very interesting and might be worth to check and evaluate here in FF.

TMT Means
Trend-Momentum-Trendline
The logic of the system means trading trendline breaks in the direction of the trend and momentum.
Therefore, increasing the probability of the trendline break setup... Also, Drawing trendlines require knowledge in price action


COPY & PASTED RULES
Timeframe
M5 or M15

Buy Rules
1. Daily candle is Green
2. RSI Filter is Blue
3. MFI Meter is Green
4. Uptrend (7 EMA is above 20 EMA)
5. Price pullback inside 7 and 20 EMA
6. Draw TrendLine from highest swing
7. Wait for price to break above trendline and bar is closed
8. Set your targets

Sell Rules
1. Daily candle is Red
2. RSI Filter is Pink
3. MFI Meter is Red
4. Downtrend(7 EMA is below 20 EMA)
5. Price pullback inside 7 and 20 EMA
6. Draw TrendLine from lowest swing
7. Wait for price to break below trendline and bar is closed
8. Set your targets

Optional Rules
1. Trade on London/US session
2. Avoid trading 30Minutes before and after Major News

Stoploss & Takeprofit
10-20Pips
I can set my SL = 10Pips and TP = 10Pips
I can set my SL = 10Pips and TP = 15Pips
I can set my SL = 10Pips and TP = 20Pips
I can set my SL = 7Pips and TP = 20Pips
Risk Reward can vary from 1:1 to 1:3
This will depend on market structure of the setup present
**I think this section depends on trader, because personally i would like to set my SL and TP on support and resistance levels
**Money Management is also dynamic and will depend only on the trader pulling the trigger


COPY & PASTED EXAMPLES
Buy Example

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Size: 41 KB


Buy Example
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Sell Example
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Size: 48 KB


Sell Example
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Size: 42 KB


NEW Indicators & Templates

Attached File(s)
File Type: zip TMT New.zip   259 KB | 19,137 downloads | Uploaded Jul 22, 2018 6:25am
Profit is on the other side of your mind
  • Post #2
  • Quote
  • Feb 5, 2016 1:03pm Feb 5, 2016 1:03pm
  •  swilliam
  • Joined Jan 2014 | Status: Member | 489 Posts
Some Account Results

100% Gain in Live account 42 trades
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400Pips gain in 4 days live trading
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Profit is on the other side of your mind
 
4
  • Post #3
  • Quote
  • Feb 5, 2016 1:20pm Feb 5, 2016 1:20pm
  •  fxpro123
  • | Joined Sep 2010 | Status: Member | 20 Posts
Wich timeframe use this?
 
 
  • Post #4
  • Quote
  • Feb 6, 2016 12:37am Feb 6, 2016 12:37am
  •  swilliam
  • Joined Jan 2014 | Status: Member | 489 Posts
Quoting fxpro123
Disliked
Wich timeframe use this?
Ignored
you pick from m1, m5 or m15
Profit is on the other side of your mind
 
 
  • Post #5
  • Quote
  • Feb 6, 2016 2:13am Feb 6, 2016 2:13am
  •  balouf
  • | Joined Jul 2007 | Status: Member | 279 Posts
I follow this thread!
1
 
  • Post #6
  • Quote
  • Feb 6, 2016 2:40am Feb 6, 2016 2:40am
  •  juisen25
  • | Joined Mar 2012 | Status: Member | 210 Posts
fxglow indicator open the browser automatic and it show the ad I think
1
 
  • Post #7
  • Quote
  • Feb 6, 2016 3:24am Feb 6, 2016 3:24am
  •  swilliam
  • Joined Jan 2014 | Status: Member | 489 Posts
i just ignore it.
I shared this system from another thread, and maybe add some of my personal touches.
Profit is on the other side of your mind
1
1
  • Post #8
  • Quote
  • Feb 6, 2016 3:25am Feb 6, 2016 3:25am
  •  swilliam
  • Joined Jan 2014 | Status: Member | 489 Posts
Here is a sample based on what i understand
But i think this will be better on London Session because of MOMENTUM

Short Setups
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Profit is on the other side of your mind
 
1
  • Post #9
  • Quote
  • Feb 6, 2016 3:33am Feb 6, 2016 3:33am
  •  tomsmid
  • | Joined Jan 2016 | Status: Member | 26 Posts
looks pretty good..I will follow this thread..
1
 
  • Post #10
  • Quote
  • Feb 6, 2016 7:12am Feb 6, 2016 7:12am
  •  swilliam
  • Joined Jan 2014 | Status: Member | 489 Posts
Welcome aboard
Profit is on the other side of your mind
1
 
  • Post #11
  • Quote
  • Feb 6, 2016 8:45am Feb 6, 2016 8:45am
  •  vgyuszko
  • Joined Oct 2013 | Status: Member | 660 Posts
Hy SW!
Interest trading!
subscripped
Find it The Best Entry Points
1
 
  • Post #12
  • Quote
  • Feb 6, 2016 10:08am Feb 6, 2016 10:08am
  •  Dilmeshsingh
  • | Joined Feb 2010 | Status: Member | 91 Posts
Hi SW, nice thread..thanks..just one doubt

When you say Daily Candle, does it mean the candle of present day? If yes. Does it not mean that, for Buy, price should be above Day Open; for Sell price should be below Day Open. Seems a silly doubt, but the charts you shared are showing different daily candles, so this query
 
 
  • Post #13
  • Quote
  • Feb 6, 2016 11:15am Feb 6, 2016 11:15am
  •  JoshuaHope
  • | Joined Feb 2015 | Status: Member | 697 Posts
Quoting Dilmeshsingh
Disliked
Hi SW, nice thread..thanks..just one doubt When you say Daily Candle, does it mean the candle of present day? If yes. Does it not mean that, for Buy, price should be above Day Open; for Sell price should be below Day Open. Seems a silly doubt, but the charts you shared are showing different daily candles, so this query
Ignored
The daily candle indi measures the current price to the daily open price. Simply put, if its green - only look for long setups, red - only short setups. All the charts that were posted follow this rule imo.
Best, Josh
 
 
  • Post #14
  • Quote
  • Feb 7, 2016 12:07am Feb 7, 2016 12:07am
  •  swilliam
  • Joined Jan 2014 | Status: Member | 489 Posts
correct

daily candle is green when PA is above daily open price

daily candle is red when PA is below daily open price
Profit is on the other side of your mind
 
 
  • Post #15
  • Quote
  • Feb 7, 2016 1:06am Feb 7, 2016 1:06am
  •  Dilmeshsingh
  • | Joined Feb 2010 | Status: Member | 91 Posts
Thanks Joshua and SW....subscribed...I think it will become a profitable thread
1
 
  • Post #16
  • Quote
  • Feb 7, 2016 3:11am Feb 7, 2016 3:11am
  •  swilliam
  • Joined Jan 2014 | Status: Member | 489 Posts
Welcome aboard guys! Test system first
Profit is on the other side of your mind
1
 
  • Post #17
  • Quote
  • Feb 7, 2016 4:17am Feb 7, 2016 4:17am
  •  tamiflu
  • | Joined Jul 2011 | Status: Member | 60 Posts
Hello guys,
Nice results indeed. It seems similar to the MAX system, too.
As i observed the majority of trades were closed manually and not at TP.
So the initial RR was not confirmed. Is this a must or it was your choice because of somekind of exit rules?
Keep going.
 
 
  • Post #18
  • Quote
  • Feb 7, 2016 6:11am Feb 7, 2016 6:11am
  •  swilliam
  • Joined Jan 2014 | Status: Member | 489 Posts
Exit i think would depend on trader.

But Entry rules are well explained
Profit is on the other side of your mind
 
1
  • Post #19
  • Quote
  • Feb 7, 2016 8:23am Feb 7, 2016 8:23am
  •  jkrosster
  • | Joined Jan 2015 | Status: Member | 44 Posts
What are the rules for writing trendline, you can draw different and fundamentally it affects entry, Sorry for bad english
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1
  • Post #20
  • Quote
  • Feb 7, 2016 11:00am Feb 7, 2016 11:00am
  •  swilliam
  • Joined Jan 2014 | Status: Member | 489 Posts
this i leave you to decide
Profit is on the other side of your mind
 
 
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