MA Ribbon and MACD setupThank you to John Mann for the MA Ribbon
This setup allows you to enter the trends early but safely. I use this for a day chart but also sometimes an hour chart. I believe it can be used for any chart but is best used for longer charts. I use a weighted ADX with a length of 8 to determine if the market is trending. I only enter a trade if the ADX is above 40
ALWAYS try to enter at the begining of a trend
ALWAYS try to enter when the MAs are splitting apart rather than clustered together
Long Entry
MA Ribbon has crossed itself and is headed upwards
MACD line has crossed it's MA line and is headed up
Whatever indicator you'd like to use to determine if the market is trending shows that the market is trending (ADX above 40)
Short Entry
MA Ribbon has crossed itself and is headed downwards
MACD line has crossed it's MA line and is headed down
Whatever indicator you'd like to use to determine if the market is trending shows that the market is trending (ADX above 40)
Use trailing stop to exit trade (or any exit method you prefer)
Easily make 300-2000+ pips in 15-30 days.
