77# AutoFib Trading Zone
Fibonacci Trading System
Zig Zag Reversal with Fibonacci Zone
AutoFib Trading Zone is an easy trading system based on the Fibonacci Auto trading zone indicator. Red Zone only sell trades, Buy zone only buy trades.
The main feature of the system is to wait for the price action that arrives in a Buy or Sell area and wait for a price reversal signal. Use as reversal markers 3 ZZ level semafor + a zig zag breakout arrow (price action signal), if the signal fails wait for the next always in the same area.
Buy and Sell zones calculated on the basis of fibonacci ratios and represent areas of support and resistance where a price inversion can be expected.
Time Frame 5 min or higher.
Metatrader 4 indicators
3 zz level semafor
Autofib trading zone
Breakout signal (60,5,3,7).
DDFX Neuro Trend V.2 This indicator generates more entries.
Trading Rules AutoFib Trading Zone
Choose an entry type after trying them both in demo account.
White sun or blue dot in blue zone.
Breakout buy arrow. (conservative recalculates entry)
DDFX Neuro Trend V.2 buy arrow. (aggressive entry).
Yellow sun or red dot in red zone.
Breakout sell arrow.
DDFX Neuro Trend V.2 sell arrow.
Profit Target at the levels of fibonacci.
Initial stop loss on the previous swing high/low.
The advantage of this strategy is to enter the market in certain areas where a reversal is expected, so it is unlikely to have a long series of negative consegutive operations.
In the pictures AutoFib Trading Zone in action.
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