TMT Scalping System

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

Buy Example



Sell Example


Sell Example


NEW Indicators & Templates

Attached File(s)

TMT New.zip   259 KB | 19,137 downloads | Uploaded Jul 22, 2018 6:25am

Some Account Results

100% Gain in Live account 42 trades




400Pips gain in 4 days live trading

Wich timeframe use this?

you pick from m1, m5 or m15

I follow this thread!

fxglow indicator open the browser automatic and it show the ad I think

i just ignore it.
I shared this system from another thread, and maybe add some of my personal touches.

Here is a sample based on what i understand
But i think this will be better on London Session because of MOMENTUM

Short Setups

looks pretty good..I will follow this thread..

Welcome aboard

Hy SW!
Interest trading!
subscripped

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

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

correct

daily candle is green when PA is above daily open price

daily candle is red when PA is below daily open price

Thanks Joshua and SW....subscribed...I think it will become a profitable thread

Welcome aboard guys! Test system first

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.

Exit i think would depend on trader.

But Entry rules are well explained

What are the rules for writing trendline, you can draw different and fundamentally it affects entry, Sorry for bad english

this i leave you to decide