Forex Trend Fibonacci Retracement Trading Strategy

Forex Trend Fibonacci Retracement Trading Strategy:

Forex Trend Strategy with Fibonacci Retracement is trend following strategy but it is based on the lines of the support and resistance of Fibonacci .

Time Frame 60 min.

Currency pairs:any also metals and Oil.

Forex indicators

Exponential moving aerage (perios 150);

XIT Fibs (Fibonacci Retracement);

Stochastic indicator.

Rules for Forex Trend Strategy with Fibonacci Retracement Trading System

Enter a trade on the retracement.

Identify the Trend of the market (exponential moving average 150);

Wait for the price retrace an hit a Fibonacci level;

Check the stochastic indicator for Oversold and Overbought;

Stop loss (60 min time frame) 30 pips, Profit Target on the next Fibonacci level or 50-60 pips.

The advantage of this trading system is the excellent ratio profit/loss and has good profitability.

  This trading system is discretionary this thing, it can be a disadvantage for principianti, so it is suitable for those with experience in trading.

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 Trend Fibonacci Retracement Trading Strategy?

• Download Forex Trend Fibonacci Retracement 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 Trend Fibonacci Retracement 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”.

Download Free Forex Trend Fibonacci Retracement Trading Strategy