TTF Histogram Forex Trading Strategy

The TTF Histogram forex trading strategy is deployed to spot trends early and to generate powerful buy and sell forex signals.

The strategy combines basic indicators that when considered together offer a simple setup for just about anyone in the currency trading niche.

Chart Setup

MetaTrader4 Indicators: TTF_hist.ex4 (Inputs Variable modified; TTFbars=18), Keltner_Channel.ex4 (default settings), IDWma.ex4 (default settings)

Preferred Time Frame(s): 1-Minute, 5-Minute, 15-Minute, 30-Minute, 1-Hour, 4-Hour, 1-Day

Recommended Trading Sessions: Any

Currency Pairs: Any pair

Download

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Buy Trade Example

Fig. 1.0

Strategy

Long Entry Rules

Initiate a buy entry if the following indicator or chart pattern gets displayed:

  1. If the red line of the IDWma.ex4 custom indicator intersects the middle blue line of the Keltner_Channel.ex4 indicator bottom up as shown on Fig. 1.0, price is said to be pushed higher, hence a trigger to go long on the pair of interest.
  2. If the light sea green histograms of the TTF_hist.ex4 custom indicator aligns above the 0.00 signal level as illustrated on Fig. 1.0, price is said to be bullish.

Stop Loss for Buy Entry: Place stop loss 2 pips below immediate support.

Exit Strategy/Take Profit for Buy Entry

Exit or take profit if the following rules or conditions take precedence:

  1. If the red line of the IDWma.ex4 custom indicator crosses the middle blue line of the Keltner_Channel.ex4 indicator top downward during an ongoing buy trend, it is an indication of weaning bulls’ power, hence an exit or take profit trigger is needed.
  2. If the light sea green histograms of the TTF_hist.ex4 custom indicator readjust to form below the 0.00 level during an ongoing buy signal in the market, it is a push to exit or take profit at once.

Sell Entry Rules

Take up sell position(s) if the following holds true:

  1. If the red line of the IDWma.ex4 custom indicator intersects the middle blue line of the Keltner_Channel.ex4 indicator top downward as illustrated on Fig. 1.1, price is said to be pressured lower, hence a trigger to sell the designated forex pair.
  2. If the light sea green histograms of the TTF_hist.ex4 custom indicator aligns below the 0.00 signal level as seen on Fig. 1.1. The sentiment in the market is said to be bearish i.e. a sell trigger.

Stop Loss for Sell Entry: Place stop loss 2 pips above immediate resistance.

Exit Strategy/Take Profit for Sell Entry

Exit or take profit if the following holds sway:

  1. If the red line of the IDWma.ex4 custom indicator crosses the middle blue line of the Keltner_Channel.ex4 indicator in a bottom up fashion during an ongoing sell alert, it is an indication of halting bears’ power, hence an exit or take profit trigger is recommended.
  2. If the light sea green histograms of the TTF_hist.ex4 custom indicator readjust to form above the 0.00 level during an ongoing sell signal in the market, it is a push to exit or take profit without delay.

Sell Trade Example

Fig. 1.1

Free Download

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About The Trading Indicators

The Keltner_Channel.ex4 custom indicator became renowned in Kester Cheltner’s book “How to Make Money in Commodities” and is essentially a volatility-based envelope that is placed above and below an exponential moving average.

The Inverse Distance Weighted Moving Average (IDWma) is a custom indicator that is most sensitive to price moves and has its MA period set at a default of 14.

The TTF_hist.ex4 is made of light sea green histograms and a dotted red line and will most align above/below the 0.00 level to define bulls/bears market conditions.

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Combines Price Action And Market Volatility To Help You Identify Profitable Entries And Exits Quickly and Accurately.



  • Up To 100 Pips Per Trade With Low Risk
  • Includes Entry, Stop-Loss And Take Profit Rules
  • Learn And Trade This Strategy In only 10 Minutes