Multitime frame trading
Submit by Monik 21/02/2017
4 Bars NLMA System is a trend-following trading system based on MTF Supertrend Bar indicator.
Time frame 1min or higher.
Financial market:any.
Metatrader Indicators:
4 Bars NLMA MTF
Pivot points level for intraday trading.
You can also ad a momentum indicator for confirm.
Trading rules 4 Bars NLMA System
Buy
Arrow green on the main chart confirmed by 4 green square.
Momentum indicator crosses upward (optional)
Sell
Arrow red on the main chart confirmed by 4 red square.
Momentum indicator crosses downward (optional).
Tips: You may have some adjustments, so it is important to filter the indicator, with momentum indicator and also the moving averages.
Exit position:
Make profit at the pivot points level, at the predetermined profit target or at the next opposite arrow.
Place initial stop loss at the previous high/low swing.
In the pictures 4 Bars NLMA system in action.
Here is the indicator to run 4 bars NMLA
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