Content Credit : viralpurba - Muhammad Hariz
T3 Ribbon Forex Day Trading Strategy
The T3 Ribbon forex day exchanging system is a magnificent methodology for forex day exchanging style.
The system comprises of a custom assembled exchanging MT4 pointer and the well known MACD marker. T3 is intended to purchase low and offer high in a current pattern.
Take in the basic guidelines beneath and download the technique for nothing:
Graph Setup
Utilized markers: kino_T3MA lace filled.ex4 (input settings: MA1Period: 13, factor1: 0.7, Ma2Period: 150, factor2: 0.6), MACD (default settings)
Favored time frame(s): 1 minute (useful for scalping), 5 moment and 15 minute graphs (useful for day exchanging)
Suggested exchanging sessions: London and US session
Money matches: any
Download
Download The T3 Ribbon Forex Day Trading Strategy.
Case: EUR/USD M5 Chart
T3-strip forex-day-exchanging technique
The figure above is a case of the T3 day exchanging technique in real life on the 5 minute Euro/US Dollar forex diagram.
It demonstrates our proposed purchase and offer section focuses (bolts) in the up-and downtrend.
As should be obvious from the picture over, various exchanging positions can be opened when the pattern continues rising or falling.
A stop-misfortune will be kept beneath the rising green line in an uptrend, or over the green line in a downtrend.
System Trading Rules
Purchase conditions:
Kino Ribbon pointer changes from red to green shading (bullish pattern).
MACD pointer diverts back over 0.00 from beneath and Kino Ribbon must be green hued.
==> Open long exchange position. Place your stop-misfortune beneath the green hued T3 Ribbon marker line.
Exchange exit (TP): (1) Set your own particular benefit focus, for instance 40 pips, don't sit tight for a contrary exchanging signal issued by the T3 Ribbon marker. (2) Wait for a contrary exchanging signal (T3 Ribbon pitch motion) to close the long exchange. (3) Trial your stop-misfortune up just beneath the rising green hued T3 Ribbon marker line.
Offer conditions:
Kino Ribbon pointer changes from green to red shading (bearish pattern).
MACD marker diverts back underneath 0.00 from above and Kino Ribbon must be red hued.
==> Open short exchange position. Place your stop-misfortune over the green shaded T3 Ribbon marker line.
Exchange exit (TP): (1) Set your own benefit focus, for instance 100 pips, don't sit tight for a contrary exchanging signal issued by the T3 Ribbon marker. (2) Wait for a contrary exchanging signal (T3 Ribbon pitch motion) to close the short exchange. (3) Trial your stop-misfortune down simply over the falling green shaded T3 Ribbon marker line.