Forex Ripper Trading System – for trading on M30 and higher
Forex Ripper Trading System is designed for trading on major currency pairs with a timeframe of M30 and higher. The system has clear signals to enter the market and clear signals to exit the position and capture the target. The Forex Ripper Trading System is extremely clear and suitable for traders with any trading experience.
Characteristics of the Ripper System
- Platform: Metatrader4
- Currency pairs: Major pairs
- Trading Time: London and New York sessions
- Timeframe: M15 and higher
- Recommended broker: Roboforex, XM, FBS
Indicators of Ripper Trading System
The system includes 6 indicators:
- Channel indicator
- Heiken Ashi
- Arrows
- Big dots (Trend Revers)
- Small dots (S&R)
- Target lines
Now let's dwell on each one in more detail:
- Channel Indicator
This channel indicator, comprised of two trend lines (support and resistance), helps identify overbought and oversold levels.- Blue line (Overbought): Ideal to close any buy orders; not recommended to open new buy positions.
- Red line (Oversold): Ideal to close any sell orders; not recommended to open new sell positions.
- Heiken Ashi (Blue and Red Bars)
The Heiken Ashi indicator visually displays the market wave direction—upward (blue bars) or downward (red bars). While not directly used in the trading system, it provides helpful visual guidance. - Arrow Indicator
This indicator generates buy and sell signals using blue arrows for buys and red arrows for sells, based on fractal analysis. While highly effective, it is combined with other indicators to verify signals for greater accuracy. - Big Dots (Trend Reversals)
Large blue or red dots appear near key support and resistance levels, indicating potential trend reversals. These dots, based on zigzag calculations, may repaint but are reliable, especially on the 1-hour and higher timeframes. - Small Dots (Support/Resistance)
This indicator highlights major support (blue dots) and resistance (red dots) zones. New dots form as price advances in the respective direction, and when price breaks these levels, a dot of the opposite color appears, confirming the new S/R level. - Target Lines
Horizontal target lines are displayed across the chart, marking optimal exit levels. The distance of each line from the main center red line can be adjusted in the indicator’s settings.
Application and Optimal Timeframes
The Ripper Trading System for MT4 is versatile, suitable for Forex currency pairs, stocks, commodities, cryptocurrencies, precious metals, oil, and gas. It is effective across all timeframes, from the 1-minute to the 4-hour charts, with peak performance on the M30 and H1 timeframes.
Rules of trade
The author of the strategy offers several options for enter in the market (read the manual). I recommend using only one, the most accurate - when the signals of the three indicators coincide. But you can follow the advice of the author at your own risk.
BUY:
- Appeared blue big dot
- Appeared blue arrow up
- Appeared small dots
SELL:
- Appeared red big dot
- Appeared red arrow down
- Appeared small red dots
Take Profit can be set on the top/bottom line of the channel or exit the position when one of the opposite signals appears.
Stop Loss set to 10 pips above/below the support/resistance line.
In the archive Forex_Ripper_Trading_System.rar:
- ARROWS.ex4
- CHANNEL.ex4
- Heiken Ashi.ex4
- S&R.ex4
- TARGET_LINES.ex4
- TREND-REVERS.ex4
- forex-ripper-system.tpl
- ForexRipper-ManualTradingSystem.pdf
Free Download Forex Ripper Trading System
