Forex Ripper Indicator System

Forex Ripper Indicator System

Indicators Used in Ripper Trading System
The Ripper Trading System uses four custom-made indicators:

Channel indicator
This indicator is a channel made of two trend lines ( support – resistance ). We use this indicator to know when the price reaches oversold and overbought levels.

Blue line = Overbought = Best time to close any Buy orders = Not good time to open any new Buy orders.
Red line = Oversold = Best time to close any Sell orders = Not good time to open any new Sell orders.
Heiken Ashi ( Blue bars – Red Bars )
This is a simple indicator to show us if the current wave is going up or down. It’s just used for visual guidance and will not be used in the system itself.

Big dots ( trend reversals )
This indicator prints a big – blue or red dot – on top or below major support and resistance levels. It’s based on zigzag calculations so expect to see it change its signals sometimes. Don’t ignore it just because it repaints. It’s still very powerful, especially on 1 H and higher time frames.

Small dots ( S/R )
This indicator shows the major support and resistance levels. A new dot will be painted with every new candle going in the right direction. When this support or resistance is broken (the price passes this level ), a new dot of the opposite color will appear.

Red dots = resistance

Blue dots = support

When the price is testing a new support/resistance, the indicator will change its signal according to price movement. To make sure that the new support/resistance is successfully formed, we are not going to use other indicators for confirmation.

Target lines
This indicator shows horizontal lines across the chart. Each line is a good target/exit level. You can change the place of each line ( The distance of each line from the main muddle red line ) from the indicator’s settings.

Trading System for MT4 can be used on any Forex currency pair and other assets such as stocks, commodities, cryptos, precious metals, oil, gas, etc. You can also use it in any time frame that suits you best, from the 1-minute to the 4-hour charts. Work best on M30 and H1 TimeFrames.

Trading rules for Forex Ripper
Follow money management & Don’t enter to trade within the high-impact news period. Exit from your trades half & an hour from the high-impact forex news.

As always, to achieve good results, remember about proper money management. To be a profitable trader, you must master discipline, emotions, and psychology. It is crucial to know when and when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility conditions, beyond major sessions, exotic currency pairs, wider spread, etc.

First, you must understand the main indicators of this system – the more powerful signal – will come from 3 indicators.

The arrows indicator ( fractals )
The small dots indicator ( S/R )
The big dots indicator ( trend reversals )
The golden rule here: Enter the market when you get at least three signals from 3
Forex Ripper Trading System. and exit the market when you get any ( one ) signal from any indicator of the above indicators.
Arrow + Big dot + Small dot
This signal won’t happen every day. Maybe 3 or 4 times per week. But it’s very
powerful.

Buy Entry

Appeared a big Blue dot
Appeared Blue arrow up
Appeared small Blue dots
Sell Entry

Appeared a big Red dot
Appeared Red arrow down
Appeared small Red dots
Trade Exist for Indicator System
Any positions with this system can be liquidated using a fixed profit target. Alternatively, the profit target should be set on the top/bottom line of the channel. You may also exit the trade manually if the system conditions reverse.

It is recommended to use a stop loss. Set SL 10 pips below the previous support and resistance. Using fixed stop loss settings without any reference points is not advocated.