Forex Auto Fib Trade Zone Swing Trading Strategy
Forex Auto Fib Trade Zone Swing Trading Strategy:
Autofib Trade Zone reversal trading system.The red sell zone and the blue buy zone.
Time Frame 15 mim, 30 min, 60mi, 240 min.
Currency pairs: AUD/USD, EUR/CHF, USD/CHF, EUR/USD, USD/JPY, GBP/USD.
Metatrader free Indicators
Auto Fib Trade Zone, (the red zone is overbought territory so caution is advised,
when trading long, The blue zone is oversold territory so caution is advised when trading short. )
B-Clock silver,
Bid Ask indicator;
Congestion Breakout;
I-Trend Indicator;
Signal Entry stop;
Signal Hot Dots,
Super Trend indicator;
Trend Bars,
Trend Slope;
Trend Wave;
Triangle Breakout.
Rules for Auto Fib Trade Zone
Trading when in a red zone means that you want to sell at the top.
Trading in a blue zone means that you want to buy at the bottom.
Buy
Seup:
the price is in Red Zone wait for:
Trend Slope aqua color;
Signal Hot Dot green arrow;
I-Trend Green line>Red line.
For Buy wait for breakout of the resistance of the triangle.
Sell
Setup
the price is in Blue Zone wait for:
Trend Slope red color;
Signal Hot Dot red arrow;
I-Trend Green line>Red line.
For Buy wait for breakout of the support of the triangle.
Exit Position
Make profit at the fibo levels.
Initial Stop loss (for buy: 5 pips below the bottom of the blue zone; for sell: 5 pips above the top of the red zone.
You can also use signal entry stop it’is in the folder of the indicators. The Signal_Entry_Stop is a trailing stop indicator based on volatility. It is the same as a Chandelier trailing stop. When the volatility is high, the trailing stop is wide. When the volatility slows down, the trailing stop is tightened, so as to lock in more pips. When you see the trailing stop flatten out, it means the volatility is very low. If you manually move your stop at each new small dot, you will be trailing the price according to the degree of volatility. During a retracement it’s possible for you to get stopped out naturally but you will have locked in a profit. If the trend resumes, you can jump back in.
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
How to install Forex Auto Fib Trade Zone Swing Trading Strategy?
- Download Forex Auto Fib Trade Zone Swing Trading Strategy.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Load indicator on your chart
How to uninstall Forex Auto Fib Trade Zone Swing Trading Strategy?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.
