56# Forex Trend Strategy with Fibonacci Retracement Trading System

Exponential Moving Average (EMA) with Fibonacci Retracement

 

Submit by Frank 20/11/2013

 

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.

Forex trend Strategy with Fibonacci rettracement (Template and Indicators metatrader 4)
Forex trend Strategy with Fibonacci rettracement (Template and Indicators metatrader 4)
Forex Trend Strategy with Fibonacci Retr
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Forex trend Strategy with Fibonacci rettracement
Forex trend Strategy with Fibonacci rettracement
Forex trend Strategy with Fibonacci rettracement (Template and Indicators metatrader 4)
Forex trend Strategy with Fibonacci rettracement (Template and Indicators metatrader 4)

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