13:34Forex Strategy H4 Fibonacci Method
We bring to your attention another interesting strategy at the Fibonacci levels .
This forex trading strategy - a multicurrency system trend , work is being done on the time-frame H4, additional forex indicators - two moving averages , the indicator RSI, and the main tool - Fibonacci ( levels Fibonacci).
Many professional forex traders , including the well-known trader Alexis Sedysheva say that "the Fibonacci sequence - is the single most accurate indicator that shows the pre-point of a trend reversal on Forex .
Therefore, we are famous Fibonacci tool in forex and financial markets at all - it's actually one of the best tools that can predict a trend reversal point ( or temporary rebound ), so that it enables the majority of speculators to profit by his faithful application of the forex market .
To work on a strategy, we recommend only proven forex brokers with a terminal "Metatrader4": InstaForex, Alpari, Admiral Markets.
So, in this Fibonacci trading strategies play a key role. To work on a strategy of " The Fibonacci method H4» you need to put on the schedule for the chosen forex pair (which , again, can be absolutely any ), the following indicators forex :
schedule D1 - Oscillator Relative Strength Index ( RSI ) 14 period , apply to Close (RSI chart (14)) , and, in addition , add a level of 5O
In addition , we need a tool with Fibonacci levels about , 382, O 618 , O 236 and O 764.
Opening of the transaction for the purchase of the Strategy
Opens if :
1. RSI ( 14) on the daily chart and closed above the level 5O - trade only in this way, the deal to sell do not open !
Drawing, click to enlarge:
2 . Green Moving Average EMA ( 1OO ) crossed the red moving average SMA ( 15O ) from the bottom up - will only work in this direction!
3 . look for the next two extreme - minimum and maximum distance between which at least 1OO points. It does not matter where the trend is directed between the extremes - up or down.
4 . Fibonacci stretch according to the extremes
5 . we wait for the price to go down the corridor between the levels of Fibonacci 38,2% and 61,8 %
6. Then we wait , the price will come out of these levels and closes the first candle ( candle is complete , including the tail ) above the level of 76.4 % (if we stretched Fibonacci down - corrective movement to the uptrend ) or 23.6 % (if we stretched the Fibonacci bottom up - facing upward trend) .
Drawing, click to enlarge:
7. Stop-loss set at a minimum of one hundred points or under the nearest local minimum.
8. Take-profit put at a distance of 161.8 % of the extended Fibonacci, on which we have entered the market . If you wish, you can use a trailing -Stop or close the distance of 261.8 %, and the like.
Opening of the transaction for the sale strategy
For transactions on sale - check the conditions do the opposite.
As is clear from the description of this forex trading strategy is simple and coherent , write comments and feedback.
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