Forex Ripper Indicator System FREE Download

The Forex Ripper trading system is an MT4 indicator system that provides non-repaint buy/sell signals . The system is based on six different indicators. This is a useful trading system designed specifically for entering short-term reversals.

The system has clear market entry signals and clear position closing capture target signals. The Forex Ripper trading system is very clear and suitable for traders with any trading experience.

This Strategy is completely manual. Indicators generate signals, but any decision to enter the market and set a protective stop or a profitable exit stop will be up to the trader. Therefore, traders must become familiar with the principles of risk and reward and use initial support and resistance areas to set up entries and exits.

The Forex Ripper Indicator can provide you with trading signals that you can take as is or add additional chart analysis as suggested to filter them further . While the system can be used by traders of all experience levels, it may be helpful to practice trading on an MT4 demo account until you become consistent and confident enough to go online.

Indicators used by Ripper trading system

Ripper trading system uses four custom indicators:

Channel indicator

This indicator is a channel composed of two trend lines (support-resistance). We use this indicator to understand when prices reach oversold and overbought levels.

• Blue line = Overbought = Best time to close any buy order = Not the best time to open any new buy order.
• Red line = Oversold = Best time to close any sell order = Not the best time to open any new sell order.

Heiken Ashi (blue bar – red bar)

This is a simple indicator that shows us whether the current wave is rising or falling. It is only used for visual guidance and is not used in the system itself.

Arrows

The indicator prints a blue arrow for a buy signal and a red arrow for a sell signal. It's fractal based and very powerful. But like any other metric, it's not perfect. That's why we use other indicators to confirm signals.

Big point (trend reversal)

The indicator prints a large (blue or red dot) above or below major support and resistance levels. It's based on a zigzag calculation, so you'll sometimes see it changing the signal. Don't ignore it just because it repaints. It is still very strong, especially on the 1 H and higher time frames.

Small dots (S/R)

This indicator shows major support and resistance levels. Each new candle moving in the right direction draws a new point. When this support or resistance is broken (price moves above that level), a new point of the opposite color will appear.

Red dots = resistance

Blue dots =support

When price tests new support/resistance, the indicator will change its signal based on the price movement. To ensure that new support/resistance is successfully formed, we do not use other indicators for confirmation.

Target lines

This indicator displays horizontal lines on the chart. Each line is a good target/exit level. You can change the position of each line (the distance of each line from the main chaos red line) from the indicator's settings.

The MT4 trading system can be used on any Forex currency pair and other assets such as stocks, commodities, cryptocurrencies, precious metals, oil, gas, etc. You can also use it on any time frame that works best for you, from 1-minute charts to 4-hour charts. Works best on M30 and H1 TimeFrames.

Forex Ripper Trading Rules

Follow money management and do not trade during high-impact news periods. Exit your trades half an hour after high-impact forex news.

As always, to achieve good results, remember proper money management. To become a profitable trader, you must master discipline, emotions, and psychology. Knowing when to trade and when not to trade is crucial. Avoid trading during adverse times and market conditions, such as low volume/volatility conditions, outside of main trading hours, exotic currency pairs, wide spreads, etc.

First, you must understand that the main indicators of this system - the more powerful signals - will come from 3 indicators.

• Arrow Indicator (Fractal)
• Small dot indicator (S/R)
• Big Point Indicator (Trend Reversal)

The golden rule here: enter the market when you get at least three signals from 3 Forex Ripper trading system. Exit the market when you get any (one) signal from any of the above indicators.
Arrow + big dot + small dot
This signal doesn't appear every day. Maybe 3 or 4 times a week. But this is very
powerful.

Buy Entry

• Appeared a big Blue dot
• Appeared Blue arrow up
• Appeared small blue dots

Sell ​​Entry

• Appeared a big red dot
• Appeared Red arrow down
• Appeared small red dots

Trade exists in the indicator system

Any position using this system can be liquidated using a fixed profit target. Alternatively, profit targets should be set at the top/bottom lines of the channel. You can also manually exit the trade if system conditions reverse .

It is recommended to use stop loss . Set your stop loss 10 pips below the previous support and resistance levels. The use of fixed stop loss settings without any reference point is not recommended.

• Learn more What is Forex Scalping? Learn the basics here