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.
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
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
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
I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.
Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.
Do you also design trading systems that can be paid for. And can compete with many professional trading systems that are available from internet?