The mmtt system

[tjfxtrader]

I forgot to explain the comment. :eek: It is the daily info: open, high, low, close, pivot price, range and distance to open. There is an input switch to turn it off in case you don’t want it on your chart.

[wannabetrader]

I will lay out how I have been using this its a little different than Ruilima22.
I trade on OANDA I chart with a MT4 demo. I have 10 pairs set up to watch.
I picked the 10 with the lowest spreads at my broker.

I have a daily chart of each pair with the 2MAs. I look at each pair if price is outside the MAs on any of the pairs I draw at the level price crossed the MA. The line is approximate I draw it on the daily chart its not used as an important price level once its drawn I just like to see it on my chart. Then I drop the chart down to a 5min the 2 period MAs are now on the 5min chart.

I will use a short trade as an example. I watch the MAs on the 5min when they start to slope down I wait for price to be at or above the high ma. Thats my entry, usually price will clear the spread pretty fast. I try not let a trade go negative after it breaks the spread. If I have to close a trade at 1/2 pip profit and reenter when price gets back to the high MA that’s ok with me. If price never clears the spread I have a money management system I use to decide when to close trades. its posted around here somewhere. I try not to let a trade go very far against me I do use stops but they are outside of the point when I will manually close a trade.

I exit (profit) when price starts to move back against me. If price goes 10 pips my way it might move back 5 or 6 or more before it goes further my way. I will bank the 10 or what ever I can get when price stalls. Then wait for my entry again. On my OANDA chart I have a 20:2 BB I call it quits on reentering when price on the 1hr makes it near the lower BB. The way I do this I have to watch the open trades. I have bad luck or no skill at setting TP and SL and walking away:p. This has worked very well for me.

one more thing. when I drop a chart down to a 5 min I draw an arrow in the direction I am waiting for the MAs to slope. When I am looking at 4 or 5 pairs waiting for entry signals its easy to forget which way I am trying to go and its not always apparent on a 5min chart that’s zoomed in.

I like to look at the daily charts to get a big picture(kind of funny going from a daily to a 5min chart but its working;)) that’s why I am not using the indicators posted for the 5 min chart. Hope I don’t cause any confusion about the method I just thought I would share a variation that works for me. I am basically scalping on a 5min chart in a direction and at a price level that is dictated by a daily chart.

Shr1k this is fantastic, its really made me alot more confident with this system, just couldnt get the timing right, but your methods really helps, thanks

Now all i need to figure out is how someone in a full time jobs gets the time to follow this system, I’m finding myself eager every weekend to get on with it, after some review, but on the weekdays missing all the overbought and oversold signals on the daily charts due to work!! I’m i missing somethings here? Or do people stay up for this system?

Hmm maybe need to figure out the best times for the currency pairs to watch the daily charts…

Someone must have an alert systems underway with this methods

[jaquille]

this is a short trade situation 5 min chart
Red line = lower highs
blue horizontal line = high daily 2 period MA when price is above this line look for short opportunities.
blue sloped line = general direction of 2 period MAs on this 5 min chart eyeballed with varying degrees of accuracy. This is harder to draw or guess at when you can’t see the future like I can with this example;)
red circles = some points when price is near the top MA, might be good opportunities to go short.

If you want to go short and you want to make back the spread back fast wait for the MAs to be sloping/moving generaly down and enter when price is near the top MA. This is Bollinger Band 101 just with 2 MAs. I don’t draw this stuff on my charts when I trade but this is some of the stuff I watch for.

The daily chart is for the levels and the 5 minute is for timing shorts based on lower highs?

[ruilima22]

a new trading week is about to start.

my target for this week is double my demo account risking 2% per trade.
or made 20% profits in my live account.

hope have the time. monday i´ll be at the chart here in bb, hope someone join me

[Shr1k]

I just looked through the charts their are a lot of price gaps out side the daily MAs right now. I don’t have time to trade at the moment. Looks like some nice opportunities may come for those that are trading.
Make some pips!!!:D:D

[ruilima22]

I just looked through the charts their are a lot of price gaps out side the daily MAs right now. I don’t have time to trade at the moment. Looks like some nice opportunities may come for those that are trading.
Make some pips!!!:D:D

i´ve catch a couple pips on eurusd just to scratch the itch:D the real deal starts tomorrow… i´ve a feeling this will be a great week

[rooktrader]

what time are you gonna be in the chat room at

[ruilima22]

it´s anyone around here??

[bradu75]

yep…
something new today ?

[TalonD]

it´s anyone around here??

I’m here for a change. It’s a holiday here so I can trade all day

[this_barb]

ruilima22,

Did you figure out how to put the long term (I think it was Daily?) MA on your 5M chart?

I’m not an MQL expert but if you look at the source code for the Bands indicator (custom indicator in MT4), you should see this line:

MovingBuffer[i]=iMA(NULL,0,BandsPeriod,BandsShift,MODE_SMA,PRICE_CLOSE,i);

Try changing the 0 to PERIOD_D1:

MovingBuffer[i]=iMA(NULL,PERIOD_D1,BandsPeriod,BandsShift,MODE_SMA,PRICE_CLOSE,i);

Place the indicator on your 5M chart. You can hide the two Bollinger bands, if you want. Check to see if the MA line matches up with the MA line on your daily chart.

[ruilima22]

i was having a good day when my internet connection goes down. only come back now. 3 trades that i should close with some profit had ended at BE during the black out.

this week is my exames week at the school but next week i will try to be at the chart room every day. is my vacancy from school

i´m trying to make this system the most accurate system in the world:D
i´m testing new rules and some MM stuffs in my demo account… my goal is get this system to have a 90% winning ratio and a average RR 1|3. i will blow a few demo accounts but i will get there. somethings i´m trying are so promissing… but it will need a lot of work to pollish the sharp edges.

meanwhil this system is my live trade system and still making pips like rain:D

[ruilima22]

ruilima22,

Did you figure out how to put the long term (I think it was Daily?) MA on your 5M chart?

I’m not an MQL expert but if you look at the source code for the Bands indicator (custom indicator in MT4), you should see this line:

Try changing the 0 to PERIOD_D1:

Place the indicator on your 5M chart. You can hide the two Bollinger bands, if you want. Check to see if the MA line matches up with the MA line on your daily chart.

there´s already a multi time frame moving average posted here in the treath.
very good, very usefull

[Shr1k]

still making pips like rain

almost 80 for me since last night:D
If I held on to my trades longer it would have been more. I am still working on that part.

[poca]

shr1k , i’d be interested in seeing some of your trades. Were they all scalps off the top SMA that you didn’t hold very long

[Shr1k]

I am going to start a thread later today or tonight with a link to my FXbook stats that will show all my trades. I just started a new account(only $10) with some new MM rules and some crazy goals:D most of the trades have been based on what I showed in the charts I posted. I am trying to hold them longer if I think the trend will continue.

But I still hate to be up 12 to 20 pips one minute the down to 3 the next so I am still closing them out soon.

[mz_fahmy87]

just infomation that im still in this system…try to keep profit with this system…last week is really2 busy week 4 me…my semester just started…hopes this week i can spend my time in front of graph to make pip…i just trade demo b4 i go live with my saving…wish me luck pippers…

again…thanks ruillimA and all sytem supporters

[bradu75]

some hints for today ?

[ruilima22]

some hints for today ?

hi.

i´m just keeping a eye at eurjpy and usd jpy. maybe they do a jump after the asian opening. or maybe before. i don´t trust very much the asian session but lets see what happens.

[bradu75]

hi.

i´m just keeping a eye at eurjpy and usd jpy. maybe they do a jump after the asian opening. or maybe before. i don´t trust very much the asian session but lets see what happens.

aud/usd ??
it looks ok …