The Fibonacci Intraday Forex Strategy utilizes two key indicators, the Fibonacci Algo and Fibonacci Scalper, to generate buy and sell signals on the charts. This system is designed for intraday trading on various time frames, starting from 5 minutes and above. It offers a user-friendly dashboard that visually displays market trends for easy interpretation.
Setup Strategy:
- Time Frame: 5 minutes or higher
- Platform: Metatrader 4indicators:
- Fibonacci Algo
- Fibonacci Scalper
Trading Rules:
Buy Signal: Look for a blue arrow indicating a buy signal on the chart. Confirm that the "Analysis" window of the dashboard displays "Buy Only". Place a stop-loss order below the most recent swing low.
Sell Signal: Identify a pink arrow indicating a sell signal on the chart. Ensure that the "Analysis" window of the dashboard shows "Sell Only". Set a stop-loss order above the most recent price swing.
Profit
- Close the trade when a Fibonacci Algo Scalper signal appears in the opposite direction on the chart.
- Alternatively, set predetermined profit levels for closing trades. For instance, aim to exit the trade when the price moves a certain number of pips. On a 5-minute chart, consider closing the trade after a movement of 15-35 pips, while on an hourly chart, target 40-100 pips.
In summary, this strategy provides clear buy and sell signals based on the Fibonacci indicators, with the option to set stop-loss orders and take profit levels for effective risk management and maximizing gains in intraday trading scenarios.
Download
https://drive.google.com/file/d/1niz25fuKBQ8ZaJUDxm7tdsGzl6P5gVkk/view?usp=sharing
إرسال تعليق