Ribbon Trading System

Ribbon Trading System is a formation of a simple scalping strategy which is able to provide short-term trading solutions on a daily basis for the traders. This system uses a unique crossover technique between Gann-HiLo and Exponential Moving Average which is quite effective as a short-term trend detector.

Ribbon Trading System fits well with M5 and M15 time frame charts since it is a scalping system. Although, this system can be applied to trade all kinds of forex currency pairs and other financial assets available around the market.

Ribbon Trading System Overview

After the installation of the system at the MT4 terminal, your chart will appear like the following image:

Ribbon Trading System Overview

Also Read: A Definitive Guide to Break out Trading

Ribbon Trading System: Explanation

Ribbon Trading System Explanation

  • 13 EMA & Gann-HiLo-V2: Both of these indicators represent moving averages with different parameters and produces crossover signals which are well effective in detecting the short-term trend of the market. 13 EMA moves above the Gann-HiLo-V2 represents the bullish crossover signal indicating a possible opportunity for going long. On the other hand, Gann-HiLo-V2 moves above 13 EMA represents the bearish crossover signal of the market.
  • TzPivotsD: TzPivotsD accumulates price data over the selected period of time and transforms them into pivot levels of the market. These levels work as horizontal supports and resistances of the price movements and represent potential swing areas of the market.

Ribbon Trading: Buy Rules

Ribbon Buy Rules

  • 13 EMA moves above the Gann-HiLo-V2 level
  • Price is supported by the lower TzPivotsD levels
  • Buy triggers when the above conditions are met
  • Set stop loss below the 13 EMA or Gann-HiLo-V2 levels
  • Exit long/take profit whenever Price hits the upper TzPivotsD level and 13 EMA moves below the Gann-HiLo-V2 level 

Ribbon Trading: Sell Rules

Ribbon Sell Rules

  • Gann-HiLo-V2 moves above the 13 EMA level
  • Price is resisted by the upper TzPivotsD levels
  • Sell triggers when the above conditions are met
  • Set stop loss above the 13 EMA or Gann-HiLo-V2 levels
  • Exit short/take profit whenever Price hits the lower TzPivotsD level and 13 EMA moves above the Gann-HiLo-V2 level
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I have been actively trading stocks and currencies since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund which has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

1 thought on “Ribbon Trading System”

  1. Do you also design trading systems that can be paid for. And can compete with many professional trading systems that are available from internet?

    Reply

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