Step MA with Gann Ribbon is a trend trading strategy that uses two key indicators to generate accurate signals for entering the market. The rules for entering trades are simple, making it suitable for beginners to use on multiple currency pairs simultaneously.
Input Parameters
- Currency pairs: Any
- Timeframe: M15 and M30
- Trading time: Any
- Risk management: Choose a lot size so that the risk per trade does not exceed 2-5% of the account balance
Used Indicators
Three custom indicators are used to analyze the current trading situation:
- Step MA NMA (period 40, Tema period 10, Smoothig period 10, sensitivity factor 5.0, Costant Step Ratio 1.5, price close)
- Gann average high low activator channel ribbon (10, close)
- Vertical line with price
You can find them in the archive at the end of this post.
Installing Indicators and System Template
To simplify the installation of indicators on the currency pair chart, use the template. To do this:
- Unzip the archive with templates and indicators
- Copy the indicators to the MQL4 -> indicators folder
- Copy the templates to the templates folder
- Restart the terminal
- Open the chart of the desired currency pair
- Apply the template named Step MA with Gann Ribbon
The chart should look like this:
" />Buy Signals
To open a Buy trade, wait for the following conditions:
- The Step MA indicator line is blue;
- The bars of the Gann average high low activator channel ribbon are blue.
" />Sell Signals
To open a Sell trade, the following must be true:
- The Step MA indicator line is yellow;
- The bars of the Gann average high low activator channel ribbon are red.
" />Setting Stop-Loss and Take-Profit
That’s all the rules. You just need to add protection for orders:
- Set the stop-loss above/below the previous local high/low;
- Set the take-profit in a minimum ratio of 1.15:1 to the stop-loss, depending on the currency pair.
Before using the Step MA with Gann Ribbon trend trading strategy on a real account, we recommend testing it on a demo account.
- Download the template and indicators for the Step MA with Gann Ribbon strategy
Other Profitable Trading Strategies
- Trend Trading Strategy RenkoSwing for Scalping Inside Renko Chart Swings
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- Forex Affiliate Program – an Interesting and Profitable Tool for Earnings
FAQ
What is the Step MA with Gann Ribbon strategy?
The Step MA with Gann Ribbon is a trend trading strategy that uses two key indicators to generate accurate signals for entering the market.
Can beginners use this strategy?
Yes, the rules for entering trades are simple, making it suitable for beginners to use on multiple currency pairs simultaneously.
How do I set up the strategy?
To set up the strategy, you need to install the required indicators and apply the provided template to your chart.
