Forex Daily Fibo Pivot Points Trading Strategy
Forex Daily Fibo Pivot Points Trading Strategy;
This method is very profitablethe method you can make make from 900 up to 2000 pips per month.
After reading this, you will discover that Forex trading is a very simple thing, but it is easy to be understood.
This strategy is based on Fibo pivot point and three moving averages.
Time Frame 30 min and 60 min.
Currency pairs: majors, Indices and Gold.
Metatraders indicators:
1-exponential moving average 7 period,close (yellow line).
2-exponential moving average 15 period,close (red).
3-exponential moving average 90 period,close (white)
4-daily pivot fibo
Trading Rules daily fibo intraday strategy
1. We determine the trend of EMA 90 if the price is above this line, the basic trend is upward, and we open positions only on the long signals. If the price is below this line, the underlying downtrend, and we open only short positions.
2. We use crossing the 7 EMA and 15 EMA to determine the entry point, we do not enter immediately after crossing, but waiting for test price level 7 EMA and only then enter the market.
3. We use the daily pivot fibo to determine the exit point, we enter on the first level, which is suitable to us, or earlier. For example, the author recommends to close a profitable position before the publication of important news.
4. Use stop loss of 25-35 pips depends by pairs.
5. Entrance on very large candles on the news and on the weekends and holidays are not recommended.
This is a winning strategy.
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 Daily Fibo Pivot Points Trading Strategy?
- Download Forex Daily Fibo Pivot Points 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 Daily Fibo Pivot Points 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”.
