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#578 Forex TMT RSI “TrendLine Breaks” Price Action Trading System


High accuracy Forex TMT RSI “TrendLine Breaks” System – The logic of the system means trading trendline breaks in the direction of the trend and momentum. Therefore, increasing the probability of the trendline break setup… Also, Drawing trendlines require knowledge of price action.

  • Time Frame: M30 or higher
  • Currency Pairs: GBPUSD and EURUSD

 

MetaTrader Trading Indicators
  • TMT – Daily Candle
  • TMT – EMA 20
  • TMT – EMA 7
  • TMT – SR Levels
  • TMT – FXGlow MFI Meter
  • TMT – FxGlow RSI Meter
  • RSI line

 

How to install “TMT RSI “TrendLine Breaks” Price Action Trading System

  • Download “TraderVersity.Com-TMTRSIsystem” (Zip/RAR File).
  • Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
  • Copy the “TraderVersity.Com-TMTRSIsystem.tpl” file (template) to your Metatrader Directory …/templates /
  • Start or restart your Meta Trader Client.
  • Select Chart and Time frame where you want to test your Forex system.
  • Right-click on your trading chart and hover on “Template”.
  • Move right to select “TraderVersity.Com-TMTRSIsystem” trading  system and strategy
  • You will see “TMT RSI “TrendLine Breaks” Price Action Trading System” is available on your Chart

 

BUY Rules

Trading NOTES

DOWNLOAD INDICATOR


  • The daily candle is Green
  • TMT – RSI Filter is Blue
  • TMT – Meter is Green
  • Uptrend (TMT – 7 EMA is above TMT – 20 EMA)
  • Price pullback inside 7 and 20 EMA
  • Draw TrendLine from highest swing
  • RSI line above the level 60
  • Wait for price to break above trendline and bar is closed

 

SELL Rules

  • The daily candle is Red
  • TMT – RSI Filter is Pink
  • TMT – MFI Meter is Red
  • Downtrend (TMT – 7 EMA is below TMT – 20 EMA)
  • Price pullback inside 7 and 20 EMA
  • Draw TrendLine from lowest swing
  • RSI line below the level 40
  • Wait for price to break below trendline and bar is closed

 

Trading NOTES
  • Trade on London/US session
  • Avoid trading 30Minutes before and after Major News

DOWNLOAD TRADING SYSTEM


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