ITMX Trading System
Trading SystemsThe ITMX Trading System is a trend reversal forex strategy. There are several variations of this system, but all are based on the same foundations: ITM X-Gen Synt (bands with arrows) and CC_Cloud_2 (trend cloud).
Characteristics of the system:
- Financial markets: Forex, Commodities, Indicies.
- Timeframes: 30 min and higher.
Indicators involved:
- _Stochastic_Cross_Alert_SigOverlayM_cw
- $_CC_Cloud_2
Addational / optional indicators:
- ITM X-Gen SYNT
- Cynthia’s_Signal_Entry_Stop
How to trade with ITMX Trading System?
You can use this system in two ways:
1. Reversal Trading
Open BUY position when following conditions are met:
- The aqua arrow pointing up appears. Place a long order at opening of the next bar.
- Place stop loss 10 pips below the previous low or setup bar.
- Exit the trade when opposite arrow appeared and the bar has closed.
Open SELL position when following conditions are met:
- The pink arrow pointing down appears. Place a long order at opening of the next bar.
- Place stop loss 10 pips above the previous low or setup bar.
- Exit the trade when opposite arrow appeared and the bar has closed.
2. Trend Trading
Open BUY position when following conditions are met:
- Price is above the green Cloud.
- The aqua arrow pointing up appears. Place a long order at opening of the next bar.
Open SELL position when following conditions are met:
- Price is below the red Cloud.
- The red arrow pointing down appears. Place a long order at opening of the next bar.
ITMX Trading System free download:
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