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H4, Any, Fibonacci Trading system.
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TOPIC: H4, Any, Fibonacci Trading system.

H4, Any, Fibonacci Trading system. 1 year, 9 months ago #44

  • Forex-w
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Summary:

Timeframe: H4

Currencies: EURUSD, GBPUSD, AUDUSD, USDCHF, other.

Recommended Forex Brokers: with MetaTrader 4 platform.

How to install

Copy H4_Fibonacci.TPL file to /templates/ directory. And Reload Your Mt4 terminal.
Open Chart Window => Right Click => Template => H4_Fibonacci.

Trading rules for H4 Fibonacci forex strategy:

Open Long

1) Daily Timeframe. RSI (14) above the 50.



2) Red Moving Average EMA (100) above the Blue moving average SMA (150)!

3) Find two nearest minimum and maximum points (distance between them at least 100 points).

4) Вraw Fibonacci lines.

5) Wait until the price will be between of Fibonacci 38.2% and 61.8%.

6) Wait for the first candle (full candle - including tails) above the level of 76.4%



7) Stop loss = 100 points or below the nearest local minimum.

8. Take profit at 161.8% Fibonacci level.

Open Short: vice versa.


For This forex strategy You can download:

File Attachment:

File Name: h4_fibonacci1.zip
File Size: 1 KB
Last Edit: 1 year, 9 months ago by Forex-w.
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