Fibopivot Channel Trading System

New comment
 

This Forex indicators is use on 4H timeframe on almost every currency pair.

Rules for entry: When the first candle forming at 00.00 , if the open price is above pivot point and previous bar on Real MACD is green , go long.

If the open price is below pivot and previous bar on Real MACD is red, we go short. After place your order, leave your computer behind and do something else.

Take profit : 15 pips (recommend)

Stop loss : 45 pips (Risk:Reward = 3:1)

Red arrow indicate the open price at 00.00 is 0.8782. Pivot is 0.8783.

So price is below pivot then we look at the real MACD. So previous bar is red so we entry right a way now!

You can see my entry was late. It is not very recommend to place entry after second candle. The best entry is when the candle just form at 00.00 !

https://www.mql5.com/go?link=https://www.dropbox.com/s/487y9z2coqgt6y1/Fibonacci_Channel_v3.rar

https://www.mql5.com/go?link=https://www.dropbox.com/s/wrlaacbaflm058k/Real+MACD+Colored.rar

https://www.mql5.com/go?link=https://www.dropbox.com/s/hycmdcj80dnt4d0/fibopivotchan+templete.rar

**This system I have test a few days on other Major pairs and works great.

**Not everyday got entry for all currency pairs.

 

The Fibopivot Channel Trading System is one trading indicator that works extensively on timeframes with the 4H in particular. The Real MACD coloring (red or green) instructs us which positions to assume on a trade whether long or short. This goes in line with the first candle forming.

New comment