Automated Forex Trading System To Double The Account In 1 Day? You can help thousands improve their trading!
Who’s online There are currently 8 users online. Submitted by Edward Revy on June 30, 2007 – 13:27. Traders were asking to post some strategies that will work on smaller time frames. Here is one very nice trading system that can be worth your attention. Therefore, it is very important to have a really good Forex trading system that can advise on entries with high chances to win and what’s more important it should be able to tell exactly where to exit without need to constantly monitor the price. With all this long introduction, it is only left to mention that this strategy will require from traders basic knowledge of use of Fibonacci tool.
What is Fibonacci tool and how to use it? Simply Google “forex fibonacci” phrase and you’ll find a lot of information about it. This is probably the only reason we classified this trading system as Complex one, not every trader is comfortable with using Fibonacci studies in Forex. Time frame: any over 5 min and less than 3-4 hour. Fibonacci A swing and B swing.
Pull Fibonacci from A to B. AB swings and set Fibonacci in both directions. Once set, wait and watch the retracement from AB swing to unfold. The price must touch 5 WMA. The price must at least touch 0. 618 Fibonacci retracement level must not fail.
It can touch or poke it, but the level must withstand the “attack”. When all three criteria are met, enter once the candle is clearly closed above 5 WMA for Long entry, below – for Short. Profit target is set to 1. 618 Fibonacci expansion level derived from point A. Submitted by User on April 13, 2013 – 15:19.
A y B, se recorre el Fibonacci al siguiente punto A y B y asi sucesivamente? Submitted by User on December 10, 2012 – 16:54. If you will pay for my time I will do the work. I need to build my trading money back up and if you can help me with that I can help you with almost anything in the market. Contact me via my email subject “Backtest” mustafoinc at gmail dot com.
Submitted by User on May 23, 2012 – 08:58. I don’t understand how find entry point? Submitted by Hossein on May 17, 2012 – 03:19. I was wondering if we could use this strategy in 1 Min Chart. Also what if use Martigales along with this strategy? I know it could be dangerous but we can set orders on every Fibo level with low volumes? The worse scenario would be like the market does not respect to all level and break all of them which I think it happens rarely ?
I am looking forward to read your opinions . Submitted by User on January 4, 2012 – 11:53. Submitted by User on January 3, 2012 – 04:16. Submitted by User on September 9, 2011 – 11:58. I’ve added, and now mostly use 70. Set these up and you’ll see what I mean. 6 is extremely useful when it comes to reversals.
Submitted by User on September 2, 2011 – 06:42. Submitted by User on July 22, 2011 – 16:44. Do you have any other suggestions about this system on confirming an entry other than price close on other side of 5 SMA? Submitted by Edward Revy on February 7, 2011 – 05:43. The original Fibonacci indicator in MT4 is the best one. Submitted by User on February 6, 2011 – 15:45. 4 is this the best one, does it work or is there another download that is better, please let me know.