Forex Fibonacci Super Bands Swing Trading Strategy
Forex Fibonacci Super Bands Swing Trading Strategy:
Fibonacci Bands trading system is based on two dynamics levels of the Fibonacci retracement. But the other main feature is the setting asymmetric the levels of multi indicator alerts. Why use an asymmetric levels, because the financial markets are not symmetrical and you try to interpret them with symmetric algorithms. Playing with the asymmetry maybe you can get some interesting results. This is an experimental idea.
Time Frame H1 or higher ( H4 Works best).
Financial Markets: Futures, Stocks, Forex, Commodities.
Metatrader Indicators:
Fibonacci Bands: (20,0 20);
Buy Zone fibs (55,2);
Sell Zone fibs, (55,2),
MACD 3m ( 2, 5, 0, 3),
Multindicators alerts:
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RSI (9-4);
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Stochastic ( 5,3,3);
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CCI (21, 4);
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Momentum (13);
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Money Flow Index (13);
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DeMarker 13 (13);
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Ma of indicator (13);
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(level buy 40, level sell 100, these are the levels asymmetric).
Rules for Fibonacci Bands Trading system
Trades only in direction of the trend.
When the central band of Fibonacci band is between Buy Zone line and Sell Zone line do not trades.
Long entry
Up trend:
Buy Zone fibs > Sell Zone Fibs;
Central band of Fibonacci bands Above> Buy Zone Fibs.
For entrywait the yellow arrow confirmed by histogram MACD with aqua bar.
Short Entry
Buy Zone fibs < Sell Zone Fibs;
Central band of Fibonacci bands Above < Buy Zone Fibs.
For entry wait the red arrow confirmed by histogram MACD with Yellow bar.
Exit Position
At the green bands of the Fibonacci Bands or ratio 1.2 stop loss.
Initial stop loss below or above red band of Fibonacci bands.
This is an idea for programmers, so that, create natively indicators asymmetrical. I think it’s a search for treding interesting.
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 Fibonacci Super Bands Swing Trading Strategy?
- Download Forex Fibonacci Super Bands 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 Fibonacci Super Bands 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”.
