208# Ribbon with RSI Strategy

Submit by Alexander

Ribbon with RSI Strategy is a simple trend following strategy based on the ribbon filtered by RSI and Precision trend. The purpose of this strategy is to generate signals on the strength of the movement, trying to avoid the lateral phases for this purpose I have introduced the two filters, in other words you enter the movement in place, therefore, you can subsequently enter once validated the setup also on the price retracement in the ribbon area.

This is a winning strategy with a profitability around the 65%.

This strategy is easily convertible into MT5 all indictors are readily available. Otherwise write to us.

Setup Strategy

Time Frame 15 min or higher, best time frame H4, H8, H12 daily.

Currency pairs: volatility currency pairs (AUDUSD, GBPUSD, GBPJPY, NZDUSD, GBPAUD, GBPCAD, AUDJPY, EURAUD, EURCAD.

Metatrader 4 indicators:

Ribbon period (26, 8).

MA crossover (26, 8).

Precision Trend (25, 2.8).

Color RSI 24 with levels of filter (52, 48). Buy above 52, Sell below 48.

Trading rules Ribbon with RSI Strategy

Buy

Price close above the green ribbon.

Buy arrow of Ma crossover.

Precision trend green bar.

RSI green line above 52 level.

To get into position all conditions must be met.

Sell

Price close below the red ribbon.

Sell arrow of Ma crossover.

Precision trend red bar.

RSI red line below 48 level.

To get into position all conditions must be met.

Exit position

Place initial stop loss below/above the previous swing high/low.

Profit Target ratio stop loss from 1:1 to 1:1.3.

15 min TP = 10-20 pips, 30 min tp= 15-25 pips, 60 min 25-50 pips, 4H.and daily 200 -500 pips.

Note: When all the conditions are met you can also evaluate whether to enter the retracement for examples when there is a long bar for entry setup.

Examples of trades.