This system is use for trend reversal scalping. This strategy focuses on the TMA bands which means that this indicator identifies reversal. This is useful in a 5 minute timeframe with high volatility NRTR ATR bands for security. This works on any currency pairs.
TMA Bands indicator 15 min (15 min, 61, 3, 110);
TMA Bands indicator 5 min (5 min, 61, 3, 110);
SFX NRTR ATR indicator (20, 2).
The price must touche or break the lower TMA band.
Buy at the first change of direction of the NRTR ATR band blue color.
The price must touch or break the upper TMA band.
Buy at the first change of direction of the NRTR ATR band red color.
If the entry is for buy, is above the upper TMA Band 5 min, do not entry buy;
If the entry is for sell, is below the lower TMA Band 5 min, do not entry sell.
When reverse position sfx NRTR ATR indicator.
Take profit on the TMA Bands indicator 5 min.
Take profit at 15 -25 pips depending on the currency pairs.