The circle golden Fibo
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Thread: The circle golden Fibo

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    Trader rinaji's Avatar
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    The circle golden Fibo

    Type of CopyFX account: Trader
    Name of CopyFX Trader : rinaji
    Account number : 5261426
    Read only password : wish
    Account type : CopyFx MT4 Pro-Cent
    Account currency : USD
    Leverage 1 : 1000



    Strategy parameters: The circle golden Fibo
    System: trend | breakout |
    Difficulty: easy
    Timeframe : H1
    Trading pairs: - All
    Entry:- Manual
    Exit:- Stop loss or direct cut loss.

    Indicator: Fibonaci retracement

    Description:-

    Use indicator default meta trader Fibonacci Retracement when yesterday to trade today. Line of Fibonacci retracment based on golden number of Fibonacci to mark level resistance and support.
    Analysis using Fibonacci retrecement on candle yesterday and find the the price higher and the price lower, firstly.
    ENTRY rule : combining level retracement with candlestick pattern and price action in 1 hour time frame.
    Bearish Trend Yesterday

    At the picture above. Level 100 of Fibonacci is level to Sell and 61.8 is level to BUY. Set SL and TP likes the picture it. Open Buy when candlestick close through level 61.8 it.
    Bullish Trend Yesterday

    At the picture above. Level 100 of Fibonacci is level to Buy and 61.8 is level to Sell. Set SL and TP likes the picture it or even let till the end of the candle today. Open Sell when candlestick close through level 61.8 it.
    Note : Price action what i mean that the price candle close. And do not to open order if only retest or only Pin bar only.

    The template or indicator only using Fibonacci retracement default on chart metatrader. So i will not to share the template on thread, because easy to find and using that on metatrader.

    Comment moderator

    1. ContestFX
    2. Strategy confirmed

    Not allowed!
    Last edited by ContestFX; 11-26-2018 at 11:21 AM. Reason: change account number to pro cent coyfx
    If you lose, be patient. If you win, stay humble

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