“10 PiPs” Trading System




This system is adapted from the ribbon trading system. If you wanna know the ribbon thing, then you must read this ebook...

You can download the book here...

Ribbon trading manual - Version 1.0 - PDF                                                                                                                                                                          

Trading setup

  • Trade on 2 charts: 5 minutes and 30 minutes

  • 34 SMA applied to the close on 5 min chart

  • 6 SMA applied to the Typical Price (HLC/3), Shift= 0 on both charts

  • 6 SMA applied to the Typical Price (HLC/3), Shift= 1 on both charts

  • MACD (12,26,9) applied to the close on 5 min chart.



Trading Rules

Entry Rules

Long entry rules: 
  • If the price is above the 34 SMA and “The Ribbon” and MACD Histogram is positive on 5 min chart. Then it’s a buy signal.

  • We enter if the price is above “The Ribbon” on 30 min chart. If the price is not yet above the 30 min chart, then we’ll wait for the price to cross the ribbon on 30 min chart.


Short entry rules:
  • If the price is below the 34 SMA and the ribbon and MACD histogram is negative on 5 min chart. Then it’s a sell signal.

  • We enter if the price is below the ribbon on 30 min chart. If not, then we’ll wait for the price to cross the ribbon on 30 min chart.




Exit Rule
  • Exit if price hits the stop loss of 20 pips

Stop Loss 

  • 20 pips

Take Profit

  • 10 pips

Long Trade Example:

 

 



Short Trade Example:

 

 

You must test this system thoroughly through back testing and by trading it live on a demo account for at least 2 months. After two months of testing if you find it profitable, only then use it on a real account.
 
Remember one thing, I’m not responsible for your losses.
Location: Bangladesh

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