In the trading world, various scalping strategies can be utilized, and one of them is the TMT (Trend-Momentum-Trendline) scalping system. This article will delve into detail about the TMT system and how to apply it.
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Introduction to the TMT Scalping System
The TMT system is a scalping trading system that combines various trend indicators and oscillators. Specifically developed for MetaTrader 4, this system is designed for use on low time frames, with a focus on trend direction breakthroughs and market momentum. Its goal is to enhance the likelihood of market entry through successful trend breakthroughs.
Using the TMT Scalping System
To utilize the TMT system, several steps need to be taken:
- Selecting Time Frame and Currency Pairs: It is recommended to use time frames M5-M15 and major currency pairs.
- Setting Up Tools: Install the necessary technical indicators, including two EMAs with periods of 20 and 7, as well as two oscillators (MFI and RSI).
- Analysis and Signal Filtering: This system relies on signals from indicators and trendline price channels as additional filters. Buy or sell signals are determined based on market conditions and price movements.
Principles of Using the TMT Scalping System
- • Conditions for Sell Position: In a downtrend condition, sell signals occur when the daily candle is red, a red bar forms on the RSI and MFI Meter, and the EMA 7 is below the EMA 20.
- • Conditions for Buy Position: Conversely, in an uptrend condition, buy signals emerge when the daily candle is green, a blue bar forms on the RSI and MFI Meter, and the EMA 7 is above the EMA 20.
Risk Management and Trade Management
- • To minimize risk, pay attention to the risk/reward ratio, which is recommended to be 1:1 with stop loss and take profit set at the same distance.
- • The recommended stop loss is around 10-20 pips, in line with market conditions and volatility.
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