The Golden Road MT4 Scalping System is designed for short-term trading on the 15-minute timeframe, utilizing TMA bands to identify overbought and oversold market conditions. This strategy is effective for trading currencies, commodities, and cryptocurrencies.
The system is based on mean reversion principles, where price tends to move back toward the middle after reaching extreme levels. The TMA (Triangular Moving Average) bands act as dynamic support and resistance zones:
Upper bands indicate overbought conditions (potential sell area).
Lower bands indicate oversold conditions (potential buy area).
Trading Rules
Buy (Long) Setup 📈
Price touches or moves below the lower TMA band (oversold zone).
A blue arrow appears, confirming a buy signal.
Additional confirmation:
◦ Momentum indicators (e.g., Trix, ADX) should indicate upward movement.
◦ The price should show signs of rejection (long wick candles, reversal patterns).
Entry: Open a buy position after confirmation.
Stop-Loss: Below the recent swing low.
Take-Profit:
◦ TP1: Midline of the TMA bands.
◦ TP2: Upper TMA band (if strong trend continuation).
Exit manually if price fails to break above the midline of the TMA bands.
Sell (Short) Setup 📉
Price touches or moves above the upper TMA band (overbought zone).
A red arrow appears, confirming a sell signal.
Additional confirmation:
◦ Momentum indicators should indicate downward movement.
◦ The price should show rejection (long wick candles, reversal patterns).
Entry: Open a sell position after confirmation.
Stop-Loss: Above the recent swing high.
Take-Profit:
◦ TP1: Midline of the TMA bands.
◦ TP2: Lower TMA band (if strong trend continuation).
Exit manually if price fails to break below the midline of the TMA bands.
Risk Management
Position
Size: Use
appropriate risk management (e.g., 1-2% of capital per trade).
Avoid
trading against strong trends.
If a breakout occurs, wait for a retracement before entering.
No trade
zones: Avoid
trading in the middle of the TMA bands unless there's a strong
momentum confirmation.
Position Size: Use appropriate risk management (e.g., 1-2% of capital per trade).
Avoid trading against strong trends. If a breakout occurs, wait for a retracement before entering.
No trade zones: Avoid trading in the middle of the TMA bands unless there's a strong momentum confirmation.
Conclusion
This scalping strategy focuses on mean reversion trading using TMA bands to identify high-probability reversal points. It is best used on the 15-minute timeframe across different asset classes, making it a flexible and structured approach for short-term traders.
Download
https://drive.google.com/file/d/1b7HImHArgnSryhHRGeJaSRjSaNoEAOhT/view?usp=sharing
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