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Fib 4-hour MTF Moving Average (Fib 4Hour MTF Moving Average)

author EAcpu | 4 reads | 0 comments |
Hi everyone, I started this because this is the only way that gives me ideas and gives me hope because yes, I have lost a lot and through this post I am going to try to help newbies (like me) with the way that saved my life and money recently and of course I want positive thoughts and maybe improvements in my Native Spanish speaker so I'm sorry if I've made mistakes, I've been using this method on a real account for almost 3 months but I'm going to post a demo (for obvious reasons) It's very similar to my life, the system is very mechanical but requires human intervention to make decisions.
rule:
-Only trade 4H charts
-I only use one indicator - MTF Moving Average (just to get a visual idea of ​​the current daily trend) with the following settings: TimeFrame 1440, MAPeriod 50, Shift 0, Method 1, Price 0
-Find the latest trend that has not yet retraced to 38.2
- Telling lies about the movement
-We are only interested in 38.2 and 61.8
- If the market is short, when the market starts to retrace, you place a pending short position on the 38.2 Fib line with a stop loss of 61.8, plus another pending short position at 61.8 with a stop loss of 100 pips
-Always focus on the MTF moving average and try to enter only in the same direction, if you enter in the opposite direction I recommend you use a smaller TP
-I set a trailing stop of 75 pips on regular pairs and let it run until SL or TS close, for volatile pairs I use 100 pips TS
Okay, yes, I will illustrate the method with some pictures, I hope I made it clear, feel free to ask, let's make this method productive and not destructive, whoever doesn't like this method, don't use it. Hope this helps some lost people around me, greetings, and happy trading.
Balance.jpgGU.pngEU.pngEU previous.png
Balance.jpgGU.pngEU.pngEU previous.png
Balance.jpgGU.pngEU.pngEU previous.png
Balance.jpgGU.pngEU.pngEU previous.png
Balance.jpgGU.pngEU.pngEU previous.png
Balance.jpgGU.pngEU.pngEU previous.png

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