Ribbon dance | Foreign exchange EA download-MT4/MT5 resources-MetaTrader 5 resources
Hello everyone,
I'd like to introduce a very simple system that will net you some nice points.
Timeframe: I prefer M15 but it can be used on any timeframe Input: When price crosses the ribbon Emergency exit: When price crosses the Gann Hilo Line
Stop Loss/Take Profit: Because your emergency exit is when price crosses the Gann Hilo Line, you don't need a stop loss or take profit, but for protection you can use a hard stop based on your time frame (the larger the time frame, the larger the stop loss)
In my template you also have the mj regression channel. This will draw 2 channels. The strategy is simple: look at channel profits. You can enter if price breaks out of the channel or if price is rejected by the channel margin.
Hope you enjoyed this and earned some points.
I'd like to introduce a very simple system that will net you some nice points.
Timeframe: I prefer M15 but it can be used on any timeframe Input: When price crosses the ribbon Emergency exit: When price crosses the Gann Hilo Line
Stop Loss/Take Profit: Because your emergency exit is when price crosses the Gann Hilo Line, you don't need a stop loss or take profit, but for protection you can use a hard stop based on your time frame (the larger the time frame, the larger the stop loss)
In my template you also have the mj regression channel. This will draw 2 channels. The strategy is simple: look at channel profits. You can enter if price breaks out of the channel or if price is rejected by the channel margin.
Hope you enjoyed this and earned some points.
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