PM Forex Strategy

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Check this out!  


Introducing the PM Forex Strategy:
P - Price Action
M- NonLagMA


Suggested Settings:
1.  EU (could be other pairs)
2.  m15 (could be other TF)
3.  MTF-NLMA - m15, m30, h1, h4




1. Make a BUY/SELL trade with the direction of the arrow (as provided for by the MTF-NLMA indicator), on the NEXT CANDLE, after the arrow have shown up.
2. Filters:
- PA candle must be small
- PA must be near the TH4 Coral

Look at the samples, the ones with the GREEN lines are good entry points. The ones with RED lines are bad entry points.

Ignore the green/red vertical lines, they indicate london open/close hours; as posted by jimsforex - http://www.forexfactory.com/showpost.php?p=3994238&postcount=711


Attachments:

1.  #Market Price, as modified/posted by ducke - http://www.forexfactory.com/showpost.php?p=3981967&postcount=686

2.  NonLagMA and the 4BARS-MTF-NLMA must be loaded together for the "arrows" to work.  Usual settings of DotsforArrow is is 3 or 4.

3.  THV4 Coral - as explained by NiceGuy from this post onwards - http://www.forexfactory.com/showpost.php?p=3924555&postcount=554  (Indicator posted by maxwell-eqtn - http://www.forexfactory.com/showpost.php?p=3958930&postcount=621)

Full information here - http://www.forexfactory.com/showthread.php?t=243045.



 

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UPDATE:

One thing I notice, to avoid false breaks, always follow the arrow IF the the NLMA is in the same direction.