73# Fibonacci Scalping Forex Strategy

Submit by Dimitri

Fibonacci Scalper System is a NON-Repain indicator system that provides easy-to-use buy/sell signals. It comes with an ON-SCREEN dashboard that shows market trends.

Strategy Setup

Time Frame 5 min or higher.

Metatrader 4 indicators

Fibonacci Algo

Fibonacci Scalper

Trading Rules

• A blue arrow represents a buy signal.

• Sell

• A pink arrow represents a sell signal.

Buy

The "Analysis" window of the dashboard should display " Buy Only " and the Algo Scalper Fibonacci indicator draws a blue buy arrow on the chart. Place the stop-loss below the most recent swing low.

Sell

The “Analysis” window of the dashboard should display “ Sell Only ” and the Fibonacci Algo Scalper indicator draws a pink sell arrow on the chart. Place the stop-loss above the most recent price swing.

Profit

Take profit when a Fibonacci Algo Scalper opposite trading signal appears on the chart or close the open buy or sell trade at a predetermined profit level.

For example, close the trade when the price moves 15-35 pips on the 5-minute chart or 40-100 pips on the hourly chart.

Fibonacci Scalping Forex Strategy

Fibonacci Scalping.rar

compressed file archive 51.4 KB

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Price Action Channel, “The Gold line” Trading System

Submit by Joy22

Time Frame 15min

Currency Pair: Majors.

Forex Indicators:

5EMA High;

5EMA Low;

4EMA Median Price ;

Custom CCI (14) Candles;

Chandelier stops (15, 14, 4);

Chandelier Stops (8 , 6,2);

Arrow1;

All Pivots V.2.

Long Entry:

Setup Entry buy: Green Arrow, confirmed by Chandelier stops blu (15,14,4-8,6,2) and CustomCCI Candles green.

For Entry long wait that the price retrace on the gold line. (place an buy stop order on the gold line).

Short Entry:

Setup Entry sell: Red Arrow, confirmed by Chandelier stops red (15,14,4-8,6,2) and Custom CCI Candles red.

For Entry sell wait that the price retrace on the gold line. (place an sell stop order on the gold line).

Exit Position

Place Stop Loss 4 pips below or above the Chandelier stops (8, 6, 2).

Profit Target: on the level pivot or PT predetermined 14 pips EUR/USD, 11 pips AUD/USD, 16 pips GBP/USD.

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Comments: 1

#1
yogi (Thursday, 04 June 2020 20:43)

hi there, can you please suggests how to set the provided files. I am new to this and your advice is much appreciated