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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.

Trading NOTES


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


MetaTrader Trading Indicators
  • SDX TzPivots
  • Direction
  • Ribbon
  • !De Munyuk
  • Relative Strength Index
How to install “Zig-Zag Ribbon Direction Trading System

  • Download “TraderVersity.Com-ZigZagRibbonDirection” (Zip/RAR File).
  • Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
  • Copy the “TraderVersity.Com-ZigZagRibbonDirection.tpl” file (template) to your Metatrader Directory …/templates /
  • Start or restart your Meta Trader Client.
  • Select Chart and Time frame where you want to test your Forex system.
  • Right-click on your trading chart and hover on “Template”.
  • Move right to select “TraderVersity.Com-ZigZagRibbonDirection” trading  system and strategy
  • You will see “Zig-Zag Ribbon Direction Trading System” is available on your Chart


BUY Rules

  • 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.


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