Forex Ribbon Startman Swing Trading Strategy
Forex Ribbon Startman Swing Trading Strategy:
This is a trend momentum trading system because is based on the trend indicators and momentum indicators.
Time Frame 15min or higher
Currency pair:any.
Metatrader Indicators:
Singal Entry stop metatrader indicator,
FerruFx_Multi_info THV metatrader indicator,
GG-TrendBar-all time frame metatrader indicator,
Pivot Points Levels Multitimeframe metatrader indicator,
RibbonTrader metatrader indicator;
signal entry indicator,
SPAT SMOOTH Heiken Ashi metatrader indicatr
Stratman_MiniChart_v20 metatrader indicator,
MACD indicator (12,26,9),
Stochastic indicator (8,3,3).
Long entry
1- MACD must be above 0 line.
2- Price must be above Spat smooth Heinken ashi indicator
3- entry stop turning from magenta to aqua (always wait for the bar to close and enter on next candle)
4- Stochastic indicator pointing up
5- Ribbon Trader indicator has all bars green
6- Look for additionnal informations from GG trendbar, signal, FerruFx multi info and Stratman minichart to see how is the trend going on other timeframes.
Short entry
1- MACD must be below 0 line.
2- Price must be below Spat smooth Heinken ashi indicator,
3- entry stop turning from magenta to aqua (always wait for the bar to close and enter on next candle),
4- Stochastic indicator pointing up,
5- Ribbon Trader indicator has all bars red,
6- Look for additionnal informations from GG trendbar, signal, FerruFx multi info and Stratman minichart to see how is the trend going on other timeframes,
Exit Position
The latest swing high or low for stop loss.
Take profit when opposite signal from entry stop.
Profit Target pivot points levels or predetermined profit target that dependes by currency pair and time frame.
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
How to install Forex Ribbon Startman Swing Trading Strategy?
- Download Forex Ribbon Startman Swing Trading Strategy.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Load indicator on your chart
How to uninstall Forex Ribbon Startman Swing Trading Strategy?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.
