Forex Trend Strategy with Fibonacci Retracement is trend following strategy but it is based on the lines of the support and resistance of Fibonacci .
Time Frame 60 min.
Currency pairs:any also metals and Oil.
Forex indicators
Exponential moving aerage (perios 150);
XIT Fibs (Fibonacci Retracement);
Stochastic indicator
Rules for Forex Trend Strategy with Fibonacci Retracement Trading System
Enter a trade on the retracement.
Identify the Trend of the market (exponential moving average 150);
Wait for the price retrace an hit a Fibonacci level;
Check the stochastic indicator for Oversold and Overbought;
Stop loss (60 min time frame) 30 pips, Profit Target on the next Fibonacci level or 50-60 pips.
The advantage of this trading system is the excellent ratio profit/loss and has good profitability.
This trading system is discretionary this thing, it can be a disadvantage for principianti, so it is suitable for those with experience in trading.
Download Link: https://drive.google.com/file/d/1N71RAXdZO5RubhhiIB1508bY9LXJt9FW/view?usp=sharing
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