🔥 Ribas Waves Strategy PRO++

📝 Strategy Description: Ribas Waves Strategy PRO++

The Ribas Waves Strategy PRO++ is a powerful trading system based on the identification of Wolfe Waves patterns, designed to capture high-probability reversal points with precise entries and smart risk management.

This advanced version is fully customizable, allowing traders to adapt entry confirmations, trend filters, and risk/reward ratios to their preferred trading style and market conditions.

⚙️ Key Features:

✅ Automatic detection of both Bullish and Bearish Wolfe Wave patterns

✅ Entry confirmation options:

No confirmation (pure Wolfe pattern)

Directional candle (bullish or bearish close)

Engulfing candle (bullish/bearish)

Inside bar + breakout

✅ Optional EMA trend filter

✅ Configurable take profit via:

Risk multiple (R-multiple: e.g., 3x risk)

Percentage of risk (e.g., 300% of stop-loss distance)

✅ Toggle to show or hide wave labels and structure on chart

✅ Entry cooldown to prevent overlapping trades

✅ Visual display of current strategy position: 📈 Long / 📉 Short / ⛔️ Flat

📌 How to Use:

Set pivot sensitivity based on the asset's volatility (default: 7)

Choose your preferred entry confirmation method

Enable or disable the EMA trend filter

Adjust your take profit logic (R-multiple or % of risk)

Run a backtest or use live alerts for execution

💡 Author Recommendations:

Best suited for volatile markets such as crypto, indices, and forex.

For more trades, disable confirmation filters or use “Directional Candle” mode.

Use higher timeframes or combine with volume/context filters for increased accuracy.

Regularly backtest different settings to optimize your edge on specific assets.