The TMA Bands with Zee Zee indicator trading strategy is a universal system that can be used not only for scalping, intraday and short-term trading, but also for binary options trading, the expiration of which is 4-6 candles. The strategy is built on the principles of rebound from support and resistance levels.
Input parameters
- Timeframe: M5 and higher.
- Bidding Time: London, New York.
- Risk management: after calculating the stop loss, choose such a lot volume so that the risk is no more than 2-5% of the deposit for one transaction.
- Indicators Used
- TMA CG: (56, 6, 1,61, alert = true);
- Zig Zag v. 2 (60, 12);
- ARRZZX2;
- Zee Zee (21).
Setting indicators and strategy template
- Unpack the archive with templates and indicators.
- Copy the indicators to the MQL4 -> indicators folder.
- Copy the template to the templates folder.
- We restart the terminal.
- Open the chart of the desired currency pair.
- Install the template named TMA Bands with Zee Zee indicator.
The graph should look like this:
Signals indicating the opening of a long position (purchase)
The level of support from points of the color of the sea wave has formed.
The Zee Zee line indicator (bottom window) has moved from level zero to bottom up.
Stop-loss is placed 3 points below the support level.
Signals indicating the opening of a short position (sale)
A resistance level of dots of yellow has formed.
The Zee Zee line indicator has crossed the zero level from top to bottom.
Stop loss is placed 3 points above the resistance level.
Position closing method
The author of the strategy recommends using a fixed take profit. On the M5 timeframe — 10-15 points, on M15 — 15-20 points.
According to experts of ForTrader.org magazine, the rules of the TMA Bands with Zee Zee indicator trading strategy are quite simple and will be understandable even to novice traders. To increase the number of profitable transactions, it is recommended to pay attention to the senior TF and open only when the direction of the transaction coincides with the direction of the medium-term trend.