CMP - Ribbon Trader

CMP - Ribbon Trader v1.0

A custom indicator and trading strategy for the Cartoon Money Printers (CMP) community.
Indicator based off of multiple custom length moving averages. The indicator includes a set of easy to follow rules and strategy. Great for scalping!

----- STRATEGY -----
- Trade With The Trend
- Use The 15 Min. Chart
- Watch for Trend Flip
When Price crosses both Primary Lines
and closes candle on the opposite
- Enter Trade on the retest of the Primary Lines
- Stop-Loss Placement
(Longs) Below the most recent low
(Shorts) Above the most recent high
- 1st Take Profit at 0.5% Price move from entry
- Additional Take Profits your judgement
- Recommended Trade Close
Line 1 Crosses back across Line 3
Or move Stop-loss to entry after TP1
- Additional Scalp Entries with trend continuation*Any Retest of Primary Lines
enter 1st reversal candle*Break & Close across both Primary Lines
followed by a break back across and close
enter on close of candle breaking back across