INVITE-ONLY SCRIPT
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
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
Invite-only script
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact CartoonMoneyPrinters for more information, or follow the author's instructions below.
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