Easy Forex Ripper.
How to Install this system
Open meta trader platform>Open Data folder>Open MQL4>Open Indicator folder>insert all ex4. files to Indicator folder>Open Template folder>insert tpl.file to Template folder>Restart meta trader folder or otherwise refresh Navigator.
1 – Channel indicator
This indicator is the channel made of two trend lines ( support & resistance ). We use this indicator to know when the price reached oversold & overbought levels.
The blue line ( Overbought) – The best time to close any Buy orders & Not a good time to open any new Buy orders.
Red line (Oversold) – The best time to close any Sell orders & not a good time to open any new Sell orders.
2 – 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 not going to be used in the system itself.
3 – Arrows
This easy Forex indicator shows blue arrows to buy signals and red arrows to sell signals. It’s based on fractals and very powerful. But like any other indicator, it’s not perfect. That’s why we are using other indicators to confirm the signals.
4 – Big dots ( trend reversals )
This easy Forex indicator shows 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.
5 – Small dots ( S/R )
This easy Forex 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 ( price passed this level ) a new dot of the opposite colour will appear.
Red dot = resistance
Blue dot = 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.
6 – 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.
Easy Forex Ripper
First, you must understand the main indicators of this system – the more powerful signal – will come from 3 indicators.
1 – The arrows indicator ( fractals )
2 – The small dots indicator ( S/R )
3 – The big dots indicator ( trend reversals )
Enter the market when you get at least 2 signals from 2 indicators. and exit the market when you get any ( one ) signal from any indicator of the above indicators. One signal from any indicator is not strong enough. You should have at least TWO signals from 2 different indicators.
It doesn’t matter which indicators of the listed above. Any 2 of them is enough. But .. the Arrows indicator MUST be one of them.
So, it could be – for example – Blue arrow + small blue dot. And it could be Blue arrow + big blue dot.
The most powerful signal is the one generated by all 3 indicators at the same time.
Arrow + Big dot + Small dot.
This signal won’t happen every day. Maybe 3 or 4 times per week. But it’s very powerful. And if you could wait for it and make this signal your main trading rule, then do it. It’s worth waiting for!
But if you prefer daily trading, then you can safely trade by the 2 signals rule.
Trading Rule.
2 Signals from two different indicators.
Example – Sell Signal :
RED Arrow + Big RED Dot = SELL SIGNAL
RED Arrow + Small RED Dot = SELL SIGNAL
RED Arrow + Small RED Dot = SELL SIGNAL
Trading Rule.
3 Signals from all 3 indicators at the same time.
Example – Sell Signal
Example – Buy Signal
Stop loss
Place stop loss for higher high level or lower low level.
