Founder, BBMA Trading System |
Omar Ali (Oma Ally) is a well-known Forex Guru in Malaysia and the neighbouring countries. He is the founder of BBMA Trading System, a system combining the use of Bollinger Bands and Moving Averages. Oma Ally developed the BBMA Trading System in 2008 and is still perfecting the system until today. He has been a trader since 1988 and having experienced numerous turbulent events in the market over the years, has made him a better trader.
Oma Ally authoured a book titled ‘BBMA Basic’ which is very useful for traders. As a Forex Guru he has been invited to speak at various engagements throughout the country and he boasts a following of more than 10,000 people on both Instagram and Facebook.
In early 2018, he was appointed as Advisor on the Technical Board of the Malaysian Association of Technical Analysts (MATA). Now, the BBMA Trading System is also used as a research analysis tool by Maybank Investment Bank.
The aim of this paper is to present the findings of the effectiveness and the significance of the Zone Zero Loss (ZZL). Basically, a trader needs fast action on making decision and should always be aware of market movements. ZZL is a set of signals in the BBMA System that helps to identify the risk of a market movement effectively through the reliability of continuation and trending market. To facilitate the analysis, the implementation of ZZL needs to pass some criteria using the BBMA System consisting of Bollinger bands (BB) and Moving Averages (MAs). The combination of BB and MAs is classified to the signal and setup according to the formation of the indicators. Once the ZZL is established, traders need to evaluate the signal in the appropriate Timeframe and trade on the incoming setup. The use of Multi Time Frame can provide benefits to traders and ZZL can clearly explain the movement and incoming signal and setup in Multi Time Frame. As a trader, the use of ZZL and the BBMA System as a whole can provide a more optimistic in minimizing the risk.