Forex Ripper System Indicator MT4

Description

Forex Ripper System Indicator MT4

Overview:

• Platform: Meta Trader 4 (MT4)

• Currency Pair: EURUSD

• Timeframe: H1 (1-hour chart)

Key Features:

1. Non-Repaint Signals: The Forex Ripper System generates non-repaint buy/sell signals, making it reliable for traders.

2. Manual Strategy: While the indicators produce signals, the trader decides when to enter the market and set stop-loss and take-profit levels.

3. Indicator Components:

   • Channel Indicator: Identifies oversold and overbought levels.
     • Blue line: Overbought (consider closing Buy orders)
     • Red line: Oversold (consider closing Sell orders)
   • Heiken Ashi: Visual guidance for the current trend direction.
   • Arrows: Powerful fractal-based signals (used with other indicators for confirmation).
   • Big Dots (Trend Reversals): Marks major support and resistance levels.
   • Small Dots (S/R): Shows key support and resistance levels.

Strategy Execution:

1. Buy Signal:

   • Blue arrow appears (fractal-based signal).
   • Confirm with other indicators
   • Set Buy order.
   • Place stop-loss below recent support.
   • Take-profit at the next resistance level.

2. Sell Signal:

   • Red arrow appears (fractal-based signal).
   • Confirm with other indicators.
   • Set Sell order.
   • Place stop-loss above recent resistance.
   • Take-profit at the next support level.

Execution Tips:

• Risk Management: Understand risk and reward principles.
• Initial Support/Resistance: Use these levels for entries and exits.
• Demo Practice: Test on an MT4 demo account before going live.

Telegram and Download Links:

• Join our Telegram group: YoForexRobot
• Download the EA from our website: https://yoforex.org/product/forex-ripper-system-indicator-mt4/

[Remember, always stay informed and adapt your strategy based on market conditions.]

 

😊Happy Trading😊