Stoch wth Fibo
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Thread: Stoch wth Fibo

  1. #1

    Stoch wth Fibo

    Account Information
    Type of CopyFX account: Trader
    Name of CopyFX Trader: Ola4real
    Account number: 5257151
    Read only password: olly
    Account type: CopyFx MT4 Pro-Cent
    Account currency: USD
    Leverage: 1 : 888
    Informer:



    Strategy details
    System: trend
    Difficulty: easy
    Timeframe (TF): H1 | H4 | D1 | W1 | MN
    Trading pairs: All forex assets

    Strategy description
    This strategy is simple forex strategy which uses the analysis of Fibonacci and Stochastic oscillators together, they will confirm one another before i open a trade with them. I established the Fibonacci lines by joining peak and bottom together on the forex chart.

    Condition for buy
    I make buy decision when there is a rejection at 20 stochastic oscillator level and the indicator is pointing up, and i also see Fibonacci level broken in favour of that rejection upward too. I will now buy, then target the nearest Fibonacci line as my take profit point. Example of this is inside the demarcated red line on the example chart.

    Condition for sell
    I make sell decision when there is a rejection at 80 stochastic oscillator level and the indicator is pointing down, and i also see Fibonacci level broken in favour of that rejection downwards too. I will now sell, then target the nearest Fibonacci line as my take profit. Example of this is inside the demarcated red line on the example chart.
    [mod="ContestFX"]Strategy confirmed[/mod]
    Attached Images Attached Images
    Last edited by ContestFX; 10-22-2018 at 10:42 AM. Reason: For correction

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