Fibo
01 is a metatrader 4 indicator based on Fibonacci ratios that
generates simple buying and selling signals. The signal consists of
an entry level, stop loss and two profit levels (moderate, aggressive
and high aggressive). These signals have good profitability.
How
is Fibo 01 used?
Time
Frame 15 o 30 min, thi is a day trading strategy.
Currency
pairs major and minor.
It
is used in the direction of the trend because it seems to have a
higher profitability, so I added a high / low channel based on the
simple moving average of 50 periods to define the trend.
If
the price is above the channel, only buy.
If
the price is below the channel, just sell.
You
enter a pending order on the entry level if the signal agrees with
the trend and you add the stop loss and a take profit on the
indicated levels. I note that as a profit the Stop Loss / Profit
ratio of 1/1 can also be entered, and, profitability is greater.
Download
Fibo 01
indicator and template.zip
Copy
mq4 and ex4 files to your Metatrader Directory / experts /
indicators /
Copy
tpl file (Template) to your Metatrader Directory / templates /
Start
or restart your Metatrader Client
Select
Chart and Timeframe where you want to test your forex system
Right
click on your trading chart and hover on “Template”
Move
right to select Fibo
01
indicator and template.
You
will see Fibo 01
indicator and template on
your Chart.
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