Trend-Momentum-Trendline (TMT)

[madhusr1]

I have developed the TMT system into a complete system, including automatic trend lines, super filter, scanners, and automated trading systems (EA). Now, let us work together to improve it into a profitable system.
Manual trading and automatic trading have their own advantages and disadvantages. Those who like manual trading can use TMT-Scanner to scan the signal, and then add their own filters to place orders. Those who like automatic trading can try various parameter settings to find out the better way to place an order. 3

1. Blue = Trend up + MFI up + RSI up + DailyCandle up
2. Red = Trend down + MFI down + RSI down + DailyCandle down
3. T = Trend Line breakout
4. A = Trend Line breakout + Filter A (better)
5. B = Trend Line breakout + Filter B
6. * = Strong Currency
7. Alert ON = Alert is ON
8. Alert OFF = Alert is OFF

Timeframes
M5 or M15


Buy Rules

1. Daily candle is Green
2. RSI is above 50
3. MFI is above 50
4. Uptrend (7 EMA is above 20 EMA)
5. Price pullback inside 7 and 20 EMA
6. Draw TrendLine from highest swing
7. Wait for price to break above trendline and bar is closed
8. Set your SL/TP (From 10 to 30pips)

Sell Rules

1. Daily candle is Red
2. RSI Filter is below 50
3. MFI Meter is below 50
4. Downtrend(7 EMA is below 20 EMA)
5. Price pullback inside 7 and 20 EMA
6. Draw TrendLine from lowest swing
7. Wait for price to break below trendline and bar is closed
8. Set your SL/TP (From 10 to 30pips)

EA link is in "About" tab of TMT-Scanner.ex4/TMT-Scanner.ex5

 

[matthew.junk]

what is the basis of your automated trendline drawing?

 

[gohancash]

This seems like quite a well planned and executed indicator. nice!

 

[lula2022]

This is a awesome opportunity... hope this will increase my daily profits without stress of techncal analysis