Fibonacci (Just Fibo) | Foreign exchange EA download-MT4/MT5 resources-MetaTrader 5 resources
Nothing really new here, just my take on one way you might be able to make Fibonacci work for you.
• I look for trends on H1, then proceed to M15 to see if I can find a set up I like.
• Using Fibonacci retracements, with pending orders, and small to larger orders, is all it takes.
By using progressively larger orders, with the same fixed stop loss for all orders, any losses can be smaller than potential wins.
The chart below shows today's trade on ChfJpy, that is still in play.
• I look for trends on H1, then proceed to M15 to see if I can find a set up I like.
• Using Fibonacci retracements, with pending orders, and small to larger orders, is all it takes.
By using progressively larger orders, with the same fixed stop loss for all orders, any losses can be smaller than potential wins.
The chart below shows today's trade on ChfJpy, that is still in play.
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