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Forex Zig-Zag Ribbon Direction Trading System


Advanced Strategy with “Forex Zig-Zag Ribbon Direction Trading System“. This trading system tracks and connects extreme points of the chart, the distance between these points being equal to or higher than the percentage specified for the price scale.

  • Time Frame: M30 or higher
  • Currency Pairs: Any

 

MetaTrader Trading Indicators
  • SDX TzPivots
  • Direction
  • Ribbon
  • !De Munyuk
  • Relative Strength Index

 

BUY Rules

Trading NOTES

DOWNLOAD INDICATOR

  • Direction (Zig-Zag):
    • Lime arrow
    • Blue dots
  • Ribbon: Lime bars
  • !De Munyuk: Green dots
  • Relative Strength Index: Line upward and above level 60

 

SELL Rules


  • Direction (Zig-Zag):
    • Red arrow
    • Red dots
  • Ribbon:Red bars
  • !De Munyuk: Orange dots
  • Relative Strength Index: Line downward and below level 40
Trading NOTES
  • Use these NON-REPAINT Tools For Making The Perfect Trade Entry (the best trading tools all traders MUST HAVE)
  • Place a Stop loss on low or higher of the bars Entry
  • Profit Target in a ratio of 3-1 if stop loss is 30 pips the profit target is 30X3=90 pips
  • The best time frame is H4
  • Use a demo account or a small live account first to practice this trading system

These settings should be adapted to various markets, and you will probably end up using different settings for one market or instrument versus another.

Additionally, you could also end up changing the settings for the same market or indicator when the market conditions change along with its volatility.

DOWNLOAD TRADING SYSTEM


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