Hello all,
I want to present a very simple system that can give you some good pips.
Timeframe: i prefer M15 but it can be used in any timeframe
Enter: when price cross the ribbon
Emergency exit: when price cross gann hilo line
SL/TP: because your emergency exit is when price cross gann hilo line you don't need a SL or TP but for protection you can use a hard SL agording to your timeframe (bigger the timeframe, bigger the sl)
In my template you also have mj regression channel. This will draw 2 channels. Strategy with this is simple: look at channel margins. You can enter if the price break the channel or if the price get a rejection from the margins of the channels.
Hope you enjoy this and make some pips.
I want to present a very simple system that can give you some good pips.
Timeframe: i prefer M15 but it can be used in any timeframe
Enter: when price cross the ribbon
Emergency exit: when price cross gann hilo line
SL/TP: because your emergency exit is when price cross gann hilo line you don't need a SL or TP but for protection you can use a hard SL agording to your timeframe (bigger the timeframe, bigger the sl)
In my template you also have mj regression channel. This will draw 2 channels. Strategy with this is simple: look at channel margins. You can enter if the price break the channel or if the price get a rejection from the margins of the channels.
Hope you enjoy this and make some pips.
Attached Image
Attached File(s)
mental_fitness_for_traders[1].pdf
757 KB
|
4,650 downloads
Trading Guidelines.pdf
96 KB
|
5,743 downloads
Ribbon V2.zip
250 KB
|
6,840 downloads
|
Uploaded May 9, 2011 5:47am