Fibo Fibo Fibo | Forex indicator download - MT4/MT5 resources
First of all, I want to apologize for my English, I'm using Google Translate. I'd like to share my system and discuss ideas. Well, the system is very simple and uses time from one hour to the previous day in the chart. (Can be used longer). You will watch for when the price breaks above the previous day's high/low and moves towards 123.6. When this happens, follow the Fibonacci from the last high/low until the breakout and place pending orders at 38.2, 50.0 and 61.8, and exit at 23.6 IMPORTANT! If the price is at 38.2 and returns to 23.6, cancel the orders at 50.0 and 61.8 because the market has contracted. I will give you some examples of trading using this system. I will also provide an indicator that tracks the previous day's Fibonacci. Repeatedly, it hit 123.6 after breaking the previous day's high/low, tracking Fibonacci. The stop point can be set at 100% or whatever they find most comfortable. I know the risk outweighs the reward, but this system makes very little money
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