Low Spread Forex Brokers 2018Forex brokers with low spreads are especially popular among scalping supporters, best forex trader 2012 calendar this trading strategy means opening a lot of deals within one day, and under these conditions a commission may amount up to 100 pips. To cut their costs forex system 2012 forex operations the traders opt for dealing desks with low spreads. Latest Forex Materials EOS: Where Buyers Are Waiting?
Site map Contacts About User agreement Disclaimer Forex-Awards. The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. The market, like a pendulum, is a never ending sequence of extremes.
This system attempts to capture those extremes. Up front I will say that this is not a fully tested system. The first indicator, the smoothed TMA shows us the average of the path that the price action in the market is following. As such, it is a backward looking indicator and attempts to determine the future from the recent history. It corrects itself by repainting itself. It has two outer bands that show us the outer boundaries of price movement that we are searching for. Important: This system will work with all time frames, but as of of today it has only been extensively tested with 15 minute candles.
A natural level to place your SL would be above a previous high for a short and below a previous low for a long. If a trade goes against me, I will use Recovery Trades to exit the trade at breakeven. Great work has been done in this department by nanningbob. I encourage you to read his work.
1- We will first determine trend in the TMA by using the TMA Slope indicator. Trades can be placed in both directions. 2- Once trade direction is determined, we will look at the TMA and wait for price to cross one of the 2 outer bands, the top band for a short order or the bottom band for a long order. The further price moves across the bands, the more reliable the trade will be.
3- We will now look at the TMA Slope Indicator and only enter long positions if the Slope value is rising and only enter short positions if Slope value is falling. The steeper the rise or fall on the indicator, the stronger the signal. 4- Finally, we will only take a short trade if price is above the upper TMA band AND testing a resistance level located also above the upper band. We will only take a long trade if price is below the lower band AND testing a support level located also below the lower band. The more distant from the band that price is, the stronger the signal. The 5 x 5 Buy EA for a long trade or the 5 x 5 Sell EA for a short trade. Please, be aware that this option will reduce your profit by several pips per trade.
The trade off is less risk, since you enter the trade in the desired direction. When the EA triggers and enters the order automatically, it will suspend itself, so it will only enter one order in that direction. Very Conservative: Close the position when PA touches the center line of the TMA. 2 when either PA touches the opposite outer band OR the TMA Slope indicator closes one bar in the opposite direction of the previous trend.
Normal: Move Stop Loss to breakeven when PA touches the center line of the TMA. Close the position when either PA touches the opposite outer band OR the TMA Slope indicator closes one bar in the opposite direction of the previous trend. Aggressive: Close the position when either PA touches the opposite outer band OR when the TMA Slope indicator closes one bar in the opposite direction of the previous trend, place a trailing stop above the previous candle for a short or below the previous candle for a long, until stopped out. Attachments: I am enclosing Templates, a Profile, Indicators and 2 EAs, compressed as a Packet. Indicators folder of your MT4 installation. Place the 2 EA files in the Experts folder, not in the Indicators folder.
The system is simple in concept and easy to trade. I remind you that, aside from my own trading, this system is not hard tested. I recommend that you handle it with care. Use demo accounts or small lots until it shows itself to be consistently profitable and you acquire confidence in it. A trading system will only work consistently if you truly believe in it.