Forex advanced Fibonacci Trading System - retracement strategy for mt4

Fibonacci retracement:

 Time Frames
5 min, 15 min, 30 min, 1H, 4H, daily.
Currencypairs:– All major pairs. You may put it to use for EUR/USD, GBP/USD and all the major

Fibonacci Trading System

Attach the indicators to your chart– The software will automatically determinate a present trend, HIGHs
and LOWs and print most of the info on your chart:

Current trading opportunity – entry degree, stop loss level, 3 take revenue level

1 – suggested stop loss level ( considering the Fibonacci numbers)
2- If an ongoing trend is down ( bearish ) your entry degree ( in this situation SELL)
    When a trend will change – the Fibonacci indicator will automatically
re-print most of the entries, SL, TP for a fresh trend
3- Take profit – level 1 ( normal)
4 – Take profit level 2 – aggressive
5 – Take profit level 3 – high aggressive

Built in high/low; open/close indicator

Daily high/low and open/close levels are strong support and resistance levels.

Those levels are used by the Fibonacci indicator that can assist you to
comprehend where you could expect price to go (optional). Usually high/low used by
traders to determine strong market level that assists to handle trades. In our case
you don’t need to worry about it – high/low and open/close is employed by the
Fibonacci indicator” computer software in combination with Fibonacci to optimize SL,
Entry, TP 1, TP 2, TP3 levels and print them on your own maps.

Rules for Fibonacci Trading System
The Fibonacci indicator will explain to you wherever to enter a trade, where to
exit and where to place an end loss. These amounts are based on Fibonacci levels and
work well.
The Fibonacci indicator SELL signal with filter indicator that confirmed the entry (Sell Arrow).

The Fibonacci BUY sign with filter indicator that confirmed the entry (Sell Arrow).

Fibonacci Trading System exit position
Stop Loss
Put your stop loss precisely where the program advices you “STOP LOSS LEVEL”
– the cost of SL printed in red on your own chart ( in our case SL = 1.36327 ). Stop
will be calculated and printed on your own chart automatically for each brand new trade.
1. Option I.
Set your very own profit target, for instance 20 pips per trade and exit all trades as
soon while you reach your revenue target – usually do not hold back until the purchase price hits the
indicator’s “profit: level normal”. This could be the safest way of trading and reduces
your danger degree.
2. Option II
Exit trades whenever the purchase price is close or touches the Fibonacci retracement indicator “PROFIT:
LEVEL” level (either “profit level normal” or “profit level aggressive”). High
aggressive level is dangerous and may be utilised by experienced traders only.

Forex advanced Fibonacci Trading System - retracement strategy for mt4 Forex advanced Fibonacci Trading System - retracement strategy for mt4 Reviewed by Admin on 11:48 Rating: 5


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