MTF TMA

Set TMA to 60M, 240M and 1440M turn on a one hour chart for any pair. When the 60M TMA exceeds the 240 or 1440 trade in the opposite direction.
I use the alerts on the 1440 and the 240 to know when there is a trade setting up. Please use strict money managment and trade only funds you can afford to loose. Do not rush the trade and be patient with them as they can last for months if you get a daily breach or four hour breach.
This is a long term trading system I did not try it on the lower time frames even though it will work as its based on price action. I trade from a live account but you may need to do this from a demo for a few months until you are comfortable. I hope the makers of these indicators appreciate what htey have done for us as I am not a coder or programmer.
This is my 5th year in forex and my first profitable one, this is my way of giving back to forex factory community as this is the best learning forum there is bar none.
Clarity on This Trading Method
Greetings all,

I had the opportunity to speak on the phone today with Mike, the originator of this trading system. We had a great discussion, and I received good clarity on how to trade it.

Because I believe this system has merit, I want to pass along to you (with Mike's permission) the answers I received. Below are the questions I asked and the answers I received.

Mike, please correct anything I did not get right here:

Question 1. Which pairs do you watch for trading this method?

Answer: Any pair actually but I concentrate on EUR/USD, GBP/USD, USD/CAD, USD/CHF, GBP/CHF, AUD/USD, USD/JPY, GBP/JPY


Question 2. Do you trade a specific session, such as NY or London or Asian, or just anytime you get a signal?


Answer: Anytime you get a signal.


Question 3. How do you setup your charts for trading?


Answer: Open a 1Hr chart on all pairs mentioned above. Put on the template called "#mtf-tma-h1".



Question 4. When you scan the charts looking for a setup to trade, what timeframe are you looking at?


Answer: 1 hour


Question 5. When you scan the charts looking for a trade setup, what exactly at are you looking for?


Answer: We are looking for any pair where the indicator "SEMA4" has appeared. This is our indication to begin looking for a place to get in the trade. From here, we can place a buy stop or a sell stop at a price that crosses the next 4H TMA line.


In other words, let's say we find a SEMA4 signal high on the chart so we are looking to go short. We look below the SEMA4 and check the next 4H TMA line down, and place a sell stop for when the market price crosses that TMA line from above. Just the opposite for long trades.



Question 6. What is your entry signal?


Answer: Entry is always on a stop order, not a market order. The entry signal is when both H1 THA passes the nearest 4H TMA line above or below the SEMA4 signal.



Question 7. When you enter a trade, do you set a stop loss? If so, where do you place it?

Answer: If you wanted to do a stop loss, put it right above (for a short) or below (for a long) the SEMA4 signal.


Question 8. When you enter a trade, do you set a target?


Answer: Your target can be the next 4H TMA line away from your entry. Also, we also can exit at the appearance of a "XZZ" signal by setting a 40-50 Pip Trailing Stop. (Note: We are currently attempting to get someone to help modify the XZZ signal to provide an email notification when it triggers. If you can help, please contact us).



Question 9. Do you set your stop loss at break even at any point?

Answer: Put a break even about 40 or 50 pips of movement in the correct direction.

This is what I have so far. I hope this clarifies this method. Thanks much to the thread starter for this method, and for answering my questions!

POST RULES; No bashing posts or you will be banned from this thread, no exception.

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Here is a current AU trade, enter at your discretion.

This will last for a while so be patient and buy .01 lot at market open.

I know there will be more threads about TA coming up....... !!

Anyway, how do you deal with the repainting semafor indi.

Your charts are pretty clogged up....! could you kinda mark where you enter a trade. And what is your stop loss and take profit?

I use the semaphor alert to take profit not to enter. I enter on the alert from TMA text to my cell. So I want it to repaint that will give me more profit.

Why don't you mark your sell and buy entries on Chart please.

Greetings,

Please provide more information; you know, the standard/usual questions:

1. What kind of a method is this? It looks like an anti-trend, or picking tops and bottoms, is this correct?

2. How long have you been trading this?

3. What are your live results? Percentage gain per month?

4. What is your drawdown like?

I will when I get home in an hour.

Yes. If you could post a marked up chart, it would be helpful with notes as to when and why a trade was entered. How long have you traded this? As for a visual backtest, I think the lines are pulled up or down depending on the movement of the pair, so entry points shown on a historical chart are not necessarily there in real time. What looks like it might have been a trade on the chart may not have been there unless the pair continues in the same direction. If it reverses soon after iot touches one of the outer lines, then the center line pulls down the outer lines and the trade that was at the time doesn't show on the historical chart? Is this correct?

Its pure price action and it gets you in on resistance levels. Drawdown to me does nto matter because I penny trade with a high balance with no loosing trades.

Oops, let me try again:

1. What kind of a method is this? It looks like an anti-trend, or picking tops and bottoms, is this correct?

2. How long have you been trading this?

3. What are your live results? Percentage gain per month?

1. What kind of a method is this? It looks like an anti-trend, or picking tops and bottoms, is this correct? Pure price action but if you want call it what you may.

2. How long have you been trading this? Three Months

3. What are your live results? I stay in a trade until it becomes profitable exiting on 4H TMA or Daily TMA. Percentage gain per month? Never checked but my account has grown from $2500 to $5300 with a $1300 withdrawl to stay in the realm of penny trading as per the rules of fxdd.

Thank you for your answers, I look forward to seeing your charts marked up. If you went with Oanda you could trade any size lot you wish.

Here as promised.

I will check out Oanada as you suggested, thanks. Let me know what you think, I am not a know it all and have learned more from here than any of the couses I took.

There is certainly no way to argue with the chart you posted, that looks great!

The market was obviously trending, first up and then down. My question is, have you traded a ranging market with this, and how did that go?

What are your favorite pairs?

GBP JPY - 4H support sell
Eur GPY - D1 Resistance Buy

Can you be more specific on your Entry-Exit levels please? Maybe using a light coloured background on your charts will help us to notice those points. Thanks

Why are you selling on support and buying on resistance? Do you mean the breakthrough of support and the breakthrough of resistance? Just trying to be clear.

Yes you are correct again. Works on all pairs as you will be getting in and out at the extreme. GBP/JPY EU/JPY EU/GBP.