83# Fibonacci Trend Strategy
Fibonacci trading with Macd filter
Price Action Strategy
Submit by Ketang
Fibonacci Trend Strategy is an strategy suitable for day trader and swing trader based on Finacci indicators bur following the direction of retracement.
Time Frame 15 min, 30 min, 60 min, 240 min.
Currency pairs: major, minor, Gold and Indices.
Currency pairs: major, minor, Gold and Indices.
Metatrader 4 Indicators
Elliott fib Indicator
Fibonacci Trend
Fibonacci Scalper
Instrument changer
MACD scalper
Trading rules Fibonacci Trend Strategy
Long entry
Fibo Trend Power with next higher time frames are green.
The price is not near the level Fibonacci 61.8 -
Fibo Scalper blue box.
MACD Scalper is green color.
Short entry
Fibo Trend Power with next higher time frames are red
The price is not near the level Fibonacci 61.8 -
Fibo Scalper red box.
MACD Scalper is gred color.
Do not make a trade whe there are impact news
Example sell in the picture trend red, trend power both red, MACD red for scalping exit at level Fibonacci level 61,8.
Example buy in the picture trend red, trend power both green, MACD green for scalping exit at level Fibonacci level 61,8.
Other examples
Telegram Channel: https://t.me/freeforexresources
Share your opinion
abdul (Wednesday, 10 February 2021 12:22)
the system looks to be profitable but you need to combine with your strategy to get real and profitable signals!!
Doc (Sunday, 01 March 2020 09:01)
Please someone help me. The folder has only EXE of the indicators. Not the MQL5. I'm trying to use it on MT5. Please help me. Thank you
Dolner (Friday, 31 January 2020 05:25)
Best System, but "Eliott+fibo indicator.ex" is not attached in the template. we have to add manually to the chart.
Please check and fix or add this indicator to the template.