MMTT系统 (MMTT system)
hi. i´m have being reading forexfactory threads for a long time, but this is my third post here.
i just want to post my system and see people reaction to it.
THE BASICS:
1- i use a channel created by two moving averages in the dailly channel as my first reference to take a trade. those 2 MA are 2period linear weighted MAs, one aply to high price and the other to low price.
2- when price go above the upper MA i´ll look for a sell. when price go bellow the lower MA i´ll look for a buy.
3-the entry signals are taken in the 5min charts by spoting higher lows and lower highs price´s formations.
i use a multitimeframe MA so i can see the dailly channel in the 5min chart.
and i use this indicator to spot higher lows and lower highs more easly
i just want to post my system and see people reaction to it.
THE BASICS:
1- i use a channel created by two moving averages in the dailly channel as my first reference to take a trade. those 2 MA are 2period linear weighted MAs, one aply to high price and the other to low price.
2- when price go above the upper MA i´ll look for a sell. when price go bellow the lower MA i´ll look for a buy.
3-the entry signals are taken in the 5min charts by spoting higher lows and lower highs price´s formations.
i use a multitimeframe MA so i can see the dailly channel in the 5min chart.
and i use this indicator to spot higher lows and lower highs more easly
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