Stoch wth Fibo
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Thread: Stoch wth Fibo

  1. #1
    Trader ola4real's Avatar
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    Mar 2018
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    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.

    Comment moderator

    1. ContestFX
    2. Strategy confirmed
    Attached Images Attached Images

    Not allowed!
    Last edited by ContestFX; 10-22-2018 at 10:42 AM. Reason: For correction

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