Ribbon Forex Trading System
The ribbon is a forex trading strategy that works on a 15-minute timeframe or higher. This is suitable to all currency pairs. This method id based on the gann hilo line indicator. It also uses other indicators for confirmation.
MT4 Indicators:
- Gann_HiLo_Activator_v2
- ATM_Pure_Market_Price
- MA ribbon
Trading Rules:
Enter when price cross the ribbon
Exit position when price cross gann hilo line.
SL/TP: You don’t need a stop loss because the exit is when price cross gann hilo line., but for protection, you can use a hard SL according to your timeframe bigger the timeframe, bigger the stop loss.
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