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There are two ways to add Fibonacci levels on the Meta Trader 4 trading platform’s chart: Select the “Insert” tab in the platform’s main menu, and then select “Fibonacci”. There will be 5 out of 6 Fibonacci tools in this category; the Fibonacci channel is in the “Channels” category. Jan 27, 2020 Fibonacci trading with MACD is a price action strategy based on Fibonacci retracemet and MACD as trend filter. This System is based on Fibonacci System, but it's not necessary to know all about the Fibonacci Sequencesand Numbers, just follow these simple rules.
Here is one very nice trading system that can be worth your attention.
- Rapid Fibonacci Scalper System for MT4 (2 indicators, template, manual) Built for Metatrader 4 (MT4 for PC and Laptop, MT4 for MAC) Works on Forex, BitCoin, Stocks, Precious metals, Never repaint any trading signal, guaranteed; Popup Alerts, Email Alerts, Push Alerts & Sound Alerts; Use on unlimited MT4 accounts and devices.
- Can we get the same exact indicator for mt5, with the same big arrows and thick lines, please.
When a trader chooses to use small time frames (like 10 min, 15 min, 30 min even 1 hour) risks to be wrong are always higher than with larger time frames.
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.
Note also, the more traders look at charts, the more they tend to have controversial feelings about the success of a current open trade..
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.
Trading setup:
Time frame: any over 5 min and less than 3 hour.
Currency pairs: any.
Indicators: 5 WMA
Rules:
Look at the price waves. Find the most recent swing high and the most recent swing low = so called Fibonacci A swing and B swing.
Pull Fibonacci from A to B.
To know which direction to pull (up or down) simply look at the trend; if it is unclear, find appropriate AB swings and set Fibonacci in both directions.
Once set, wait and watch the retracement from AB swing to unfold.
During the retracement there are three conditions to be met in order to consider trading:
1. The price must touch 5 WMA.
2. The price must at least touch 0.382 Fibonacci retracement level.
3. The 0.618 Fibonacci retracement level must not fail. Here it means the price should not close below (uptrend) / above (downtrend) 0.618 retracement line. 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.
Stop order is placed always 4-5 pips above (downtrend) / below (uptrend) the 0.618 Fibonacci retracement level. Need for speed most wanted.
Profit target is set to 1.618 Fibonacci expansion level derived from point A.
Fibonacci Trading System
Submit by joy22
Time Frame H1 or higher.
Pairs:all.
This trading system is based on the “Fibonacci Fan” to identify
trades that have a relatively small target.
The “Fibonacci Fan” produces 3 lines set at the main Fibonacci retracement numbers, 38.2%, 50.0%, and 61.8%.More often than not the main support line on the “Fibonacci Fan” is the 61.8%. Knowing this fact opens the door to our trading system.
When the price breaks the 38.2% line we can assume that it`s at least going to the 61.8% line. This is a small target but it is achieved with regularity.
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In the pictures Fibonacci Fanforex systemin action.
On this example we can see entry point for a long
trade, and the price dropping a little before moving up to the
61.8% target line. This time the price did not retrace at the
61.8% line and carried on upwards.
The example clearly shows the entry point and the
Fibonacci Trading System Metatrader For Mac Free
target. The price did find resistance around the 61.8% line
before moving upwards.
Place Stop loss10 pips above the high or below the low of the breaks bar.
Share your opinion, can help everyone to understand theforex strategy.