Candle fibonacci system | Forex indicator download - MT4/MT5 resources
Good morning and happy new year to everyone. First of all, I want to apologize for my poor English because I use Google Translate.
Without further ado, let’s enter the system.
The system is very simple, just pay attention. All you need is an indicator that marks Fibonacci in daily candles. When the price hits the previous day's high or low, you will wait for its last move before reaching the previous day's high/low and track the Fibonacci, shortly after which you will place pending orders at 38.2, 50.0 and 61.8, buy at 23.6 and stop loss at 100%. If the price reaches 38.2 and returns to 23.6, the peddens orders at 50.0 and 61.8 will be cancelled.
Look Back Buy: If the price hits the previous day's high, you will wait for it to return on the last wave before it hits and will track Fibonacci reciprocity on those points. Sell: If the price hits the previous day's low, you will wait for it to return on the last wave before it hits, and you will track the Fibonacci on those points.
Without further ado, let’s enter the system.
The system is very simple, just pay attention. All you need is an indicator that marks Fibonacci in daily candles. When the price hits the previous day's high or low, you will wait for its last move before reaching the previous day's high/low and track the Fibonacci, shortly after which you will place pending orders at 38.2, 50.0 and 61.8, buy at 23.6 and stop loss at 100%. If the price reaches 38.2 and returns to 23.6, the peddens orders at 50.0 and 61.8 will be cancelled.
Look Back Buy: If the price hits the previous day's high, you will wait for it to return on the last wave before it hits and will track Fibonacci reciprocity on those points. Sell: If the price hits the previous day's low, you will wait for it to return on the last wave before it hits, and you will track the Fibonacci on those points.
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