What is TMT Scalping System?
TMT (Trend-Momentum-Trendline) is a Scalping trading system by utilizing a series of trend indicators and Oscillators. MetaTrader 4 developed this trading system to work at low Time Frames, based on breaking the trend direction and market momentum. This increases the opportunity to enter the market through the penetration of successful trends.
The TMT trading system intends for traders or daily scalpers, with recommendations for use in European and American sessions, because market volatility is quite high at these times. In addition, a better transaction opens towards the Daily Candle D1. To apply TMT, you should choose short-term trading on the Daily Time Frame M5-M15 chart. You can use any currency pair, but it’s better if you focus on the Major pair.
You can apply the TMT strategy around the clock, but European and American sessions are recommended. In the Asian session, there are fewer movements, and this time is less often used for scalping. Also, the trader should be prepared for additional losses due to the flat in the second half of the American session and in the Asian session due to the effect of the “safe haven”.
Important advantages of the TMT Scalping System trading system:
- The ability to use various trading tools
- The filter system of false transactions
- The tactics of the inputs on the pulses allows you to get a “profit margin” from the first minutes of trading.
Scalping strategies are becoming increasingly in demand day by day. By knowing various approaches to Scalping, traders can choose the most appropriate strategy for their trading activities.
According to proforex.biz, for experienced traders, the system can offer flexible customization options without any rigid frameworks. It allows traders to add additional indicators and apply their own ideas to improve trading. Each trader relies on his own money management and sets entry/exit points based on his own risk management.
However, not all brokers allow Scalping strategies. Choose a broker who does not give a limit to the Scalping strategy, for example, JustForex.
Read more: Why Choose an STP Broker?
