Ribbon dance

Posted by Muri 17 April 2011 at 2:53 PM
Timeframe: i prefer M5 but it can be used in any timeframe
Enter: when ribbon change color
Exit: when ribbon change color again

SL/TP: because you will exit when ribbon change color again you don't need a SL or TP but for protection you can use a hard SL

Some tips:
- if you enter from m5 check m15 or h1 to see the big picture and to filter bad trades
- trades around pivots are the best
- everyone should read those 2 books from attach
 
Download indikator and template :

Ribbon by Marcuss.zip

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