TMA Bands with Zee Zee Indicator is a versatile trading system for Forex and binary options (4–6 candle expiries), built around price rejection from dynamically generated support and resistance levels. These levels are plotted by proprietary indicators — primarily the Zee Zee oscillator and TMA CG bands — making the strategy suitable for scalping, intraday, and short-term trading.
Entry Requirements
- Currency Pairs: Any major, minor, or exotic pair
- Timeframe: M5 and higher
- Optimal Trading Hours: London and New York sessions
- Risk Management: After calculating stop-loss, select a lot size so that risk per trade does not exceed 2–5% of account equity.
Indicators Used
To analyze your chosen currency pair, apply the following indicators to the chart:
- TMA CG: (56, 6, 1, 61, alert = true)
- Zig Zag v.2 (60, 12)
- ARRZZX2
- Zee Zee (21)
All files are available in the archive at the end of this article. For convenience, a ready-to-use template is also included.
Installing Indicators and Strategy Template
- Extract the archive containing templates and indicators.
- Copy indicator files into the
MQL4 → indicatorsfolder. - Copy the template file into the
templatesfolder. - Restart your MetaTrader terminal.
- Open a chart for your preferred currency pair.
- Apply the template named TMA Bands with Zee Zee indicator.
A correctly configured chart should appear as follows:
Buy Signals
To open a long position, wait for all of the following conditions:
- A support level forms from teal-colored points (plotted by Zig Zag v.2).
- The Zee Zee indicator line (in the lower window) crosses zero upward.
- Place stop-loss 3 pips below the support level.
Sell Signals
For short entries, the signals are reversed:
- A resistance level forms from yellow-colored points.
- The Zee Zee indicator line crosses zero downward.
- Place stop-loss 3 pips above the resistance level.
Position Exit
The strategy author recommends using a fixed take-profit: 10–15 pips on M5, and 15–20 pips on M15.
According to ForTraders.org analysts, the TMA Bands with Zee Zee Indicator rules are straightforward and accessible even to beginners. To improve win rate, align entries with the higher timeframe trend — only take longs when the medium-term trend is bullish, and shorts when bearish.
Download template and indicators
FAQ
What timeframes work best with this strategy?
M5 and higher — especially M5, M15, and H1. Avoid lower timeframes like M1 due to excessive noise.
Can I use this for binary options trading?
Yes — designed for 4–6 candle expiries, making it suitable for 5- to 15-minute binary options depending on the selected timeframe.
Do I need to adjust parameters for different currency pairs?
No — default settings work across majors, minors, and exotics. However, always verify performance in a demo account before live trading.
