Trend Momentum Trendline Scalping System

Submit by Roy

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 in price action

Timeframe : M5 or M15

Currency pairs : All pairs (recommended Major pairs)

Metatrader Indicators:
TMT – Daily Candle.ex4
TMT – EMA 7.ex4
TMT – EMA 20.ex4
TMT – FxGlow MFI Meter.ex4
TMT – FxGlow RSI Meter.ex4
TMT – SR Levels.ex4
WATLTrendLines.ex4

Template : Trend Momentum Trendline Scalping System.tpl

Trading Rules Trend Momentum Trendline Scalping System :
Buy Rules :

Trend Momentum Trendline Scalping System
Trend Momentum Trendline Scalping System Buy

1. Daily candle is Green
2. RSI Filter is Blue is green
3. MFI Meter is Green
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 targets

Sell Rules :

Trend Momentum Trendline Scalping System
Trend Momentum Trendline Scalping System Sell

1. Daily candle is Red
2. RSI Filter is red
3. MFI Meter is Red
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 targets

Optional Rules :
1. Trade on London/US session
2. Avoid trading 30 Minutes before and after Major News

Stoploss & Takeprofit :
Stop loss and take profit between 10-20Pips
You can set my SL = 10Pips and TP = 10Pips
You can set my SL = 10Pips and TP = 15Pips
You can set my SL = 10Pips and TP = 20Pips
You can set my SL = 7Pips and TP = 20Pips
Risk Reward can vary from 1:1 to 1:3
This will depend on market structure of the setup present

Free Download Trend Momentum Trendline Scalping System :

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