TMA Bands with Zee Zee indicator from support/resistance levels

Trading strategy TMA Bands with Zee Zee indicator - is a universal system that can be used not only for scalping, intraday and short-term trading, but also for binary options trading with an expiration time of 4-6 candles. The strategy is built on the principles of rebounding from support and resistance levels.

Input parameters

Currency pairs: any.

• Timeframe: M5 and above.
• Bidding time: London, New York.
• Risk Management: After calculating the stop loss, choose this lot sizeto risk no more than 2-5% of the deposit per trade.

Used indicators

• TMA CG:(56, 6 , 1,61, alert = true);
• Zig Zag v.2 (60, 12);
• ARRZZX2;
• Zee Zee (21).

Installing indicators and strategy template

• Unpack the archive with templates and indicators.
• Copy the indicators to the folder MQL4 -> indicators.
• Copy the template into the templates folder.
• Restart the terminal.
• Open the chart of the desired currency pair.
• Install a template named TMA Bands with Zee Zee indicator.

The schedule should look like this:

Signals indicating the opening of a long position (buying)

• Formed level of support of dots in the color of a sea wave.
• The line indicator Zee Zee (bottom window) crossed the zero level from the bottom up.
• The stop loss is placed 3 points below the support level.

Signals indicating the opening of a short position (sale)

• Formed resistance level of yellow dots.
• The Zee Zee indicator line has crossed the zero level from top to bottom.
• The stop loss is set at 3 points above the resistance level.

The method of closing a position

The author of the strategy recommends using a fixed take profit. On the M5 timeframe - 10-15 pips, on the M15 - 15-20 pips.

According to ForTrader.org experts, the rules TMA Bands trading strategy with Zee Zee indicator are simple enough and will be understandable even to novice traders. To increase the number of profitable trades, it is recommended to pay attention to the older TF and open only when the direction of the trade coincides with the direction of the medium-term trend.

Download template and indicators

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