MTFTMA (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.

.