-

HomeTrading SystemsITMX Trading System

ITMX Trading System

The 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:

To download this indicator or trading system just click the button below:

LINK

Popular Posts

Looking for something?

What is your best indicator?

View Results

Loading ... Loading ...

You might also likeRELATED
Recommended for you