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Fibo Trading System

This indicator is for those trading Engulf Candles – Bearish and Bullish.

It can also be used in conjunction with another trading system. What it does is that you can use it to measure a candle for a Risk Reward 1: 1 for an easily attainable target.

When attached to a chart, it picks on any current candle on the chart but if you want to use it with another candle, you will have to change the ‘0’ default value for current candle in the parameter setting to any value to get the candle position beginning with ‘1’ for the previous candle and count backward as you want. For instance, if you want to use it with fifth candle backward, the value will be 4, beginning with ‘0’ as the first candle which is the current candle. I do hope this is understandable enough for anyone.

When attached, it will draw lines on the candle specified in the parameter setting and each line will show its label:

  • First line is the Entry for a trade on the Engulf Candle which is the close of the Engulf candle or it may be the open price of the next candle if there is no gap.
  • Second line is the Stop-loss at the low or high of the Engulf candle
  • Third line will show breakeven area to turn your trade to risk-free
  • Fourth line shall be located at the tip of either low or high of the Engulf candle to provide double size of the Engulf candle for a Risk Reward 1:1

***Another amazing thing about this indicator is that it can be modified or adjusted by clicking on it and drag it whichever way you want or on any candle to change candle position.

Feel free to experiment with this wonderful indicator, it is the embellishment of the Fibonacci indicator, you can even use it with trend but with extra care depends on what you want to achieve with your trading.

Wishing you a wonderful experience as you use this indicator.

Cheers


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Basket Trades Panel
Opengates Success International
Basket trading is very interesting for those who are familiar with it. It is also very profitable if you know your way round BUT can be very destructive to anyone’s account if care is not taken. However, there are Basket traders all around making good incomes with it with ease. What it can do: This utility is created for them to remove the stress of opening trade on each of the currency symbol group. At just a click, it opens the symbol’s entire group of currency pair ORDERS in any of the direct
Multiple Orders
Opengates Success International
5 (1)
MULTIPLE ORDERS UTILITY Multiple Orders Utility is created to give easy profits-making trades with a little movements and without going long distance to get it all. This Utility opens multiple orders as many trades as the number specified by the User or as many as permitted by your Broker in the same direction on the same currency pair simultaneously. The idea behind it, is that instead of running after 100 - 200 pips which may not likely be attainable in the record time or may NOT even b
Forex TrendsRider
Opengates Success International
System Introduction Fx TrendRider is an amazing EA that takes pips as easy as the market itself because it rides with the trends and masters the trend direction and market conditions as it is at any point in time. Money Management The default lot size setting is 0.10, you can start with that first and see how it goes, then you can increase your lot according to your account balance but do not trade with the money you cannot afford to lose even though with time, you will discover that you can u
OPGTS Currency Strength Meter
Opengates Success International
3 (1)
OPGTS Currency Strength Meter is an indicator created to measure and analyze the currency strength and pass the information to the trader through a graphical display of each currency group's strength rates by percentage. Each bar it shows represents the currency's strength or weakness. USAGE: It is useful in two ways for trading: 1. Solo Trading 2. Basket Trading (Currency Group Trading) HOW TO USE IT EFFECTIVELY Solo trading: It can be used for solo trading by analyzing the
Femade Indie
Opengates Success International
Femade Indie Vs 1.0 is a simple but multi-currency monitoring Indicator created to instantly notify the trader when an attached currency pair is ready to buy, sell or give signal when such currency pair is getting ready for a big move either up or down. It does this by visual aids on the screen charts, sound and pop-up alerts. If it shows " Medium ", this means that the so called currency signal is almost gone but can still be traded provided the trader will not need a lot of pips which can be b
Olofofo Fx Scanner
Opengates Success International
Olofofo Fx Scanner is a Custom Indicator created to scan through the currency pair it is being attached to in the market on ALL time frames simultaneously from a Minute to Monthly looking for just 3 things that make Forex trading exciting and worthwhile to invest in. Once these are found, it alerts the User immediately for a timely action on the part of the Trader. This is a self-fulfilling prophecy of the market, meaning that even if you are a newbie, by the time you see the graphical display o
One Click Trades Panel Basic
Opengates Success International
OneClick Trades Panel Basic is a utility software created to open and also manage the open orders by closing each trades accordingly right from your charts. This version has few buttons and they are to open Buy and Sell trades, and also buttons to close Buy, Sell and all orders (both Buy and Sell) simultaneously. This is a basic version with minimal features. Features Buy - button used to open a Buy trades. Sell - button used to open Sell trades. Close Buy - button used to close Buy trades. Cl
One Click Trades Panel Standard
Opengates Success International
OneClick Trades Panel - Standard Version 1.0 OneClick Trades Panel - Standard Version 1.0 is an higher grade of the basic Utility Software, this version includes several features that makes trading an exciting experience. It is created to open Buy, Sell, Buy-Stop, Sell-Stop, Buy-Limit and Sell-Limit orders. You can also manage the open orders by closing each trades or all trades accordingly right from your window charts. The speed is amazing and command is prompt without delay except your are ha
One Click Trades Panel Premium
Opengates Success International
OneClick Trades Panel - Premium Version 1.0 OneClick Trades Panel - Premium Version 1.0 is an higher grade of the 3 Trades Panels created. This version includes a lot of features that makes trading an exciting experience. Although It has same features on the interface as that of the Standard version but it also has almost 30 features behind the window chart. Interface Buttons Features: Buy button: This is a button used to open a buy trades Buy-Stop button: This is a button used to open buy stop
Eureka OpgtsFx
Opengates Success International
Eureka OpgtsFx is a Custom Indicator created to alert the trader when there is a cut-across trend correlations from Daily (D1) to Monthly (MN) Time frames with the belief that the major trend dominates the market and also save the traders from being eaten for breakfast by the big dogs in the financial industry. This indicator is suitable for both the Swing and the Long term Traders due to their peculiar styles of trading and waiting for days, weeks or probably months before taking their profits
Mini Currency Strength Meter
Opengates Success International
Mini Currency Strength Meter Mini Currency Strength Meter is a PORTABLE (mini) currency strength meter created to measure/analyze currency strength and pass the information to the trader through a graphical display of each currency group's strength rates by percentage. USAGE: It is useful in two ways for trading: 1. Solo Trading 2. Basket Trading (Currency Group Trading) HOW TO USE IT EFFECTIVELY Solo trading: It can be used for solo trading by analyzing the strength of e
DoubleUp System
Opengates Success International
DoubleUp System is created as trade assistance, manager and profit-enhancing Utility. It is NOT to trade for you but helps you maximize your trading. It has 10 On-Chart Buttons for various trading operations and setting parameters to manage your orders. like its name, it doubles and increases your profit targets with just a few pips distance by opening 4 pending orders or 1 Instant orders with 3 pending orders (depending on the situation of the market at the time) If your trading system ca
Orders Closing Wizard
Opengates Success International
Orders Closing Wizard Script This is an embellishment of the Orders closing script. It will close all manners of orders and in several ways too. Here are the kinds of order closing it can execute according to their names: Close sell orders only: Close buy orders only Close orders with profits only Close orders with loss only Close all buy-stop pending orders only Close all sell-stop pending orders only Close all pending orders at once Close all buy and sell orders at once Close all opened and pe
Fibo Retracing Indie
Opengates Success International
FiboRetrace Indie is a custom indicator created for those using Fibonacci indicator for trading. It enables the traders to use it independently and without limitations. This is created as an automated Fibonacci custom indicator that automatically plots itself when a trader attaches it to his chart, it will scan the chart and locate the recent trend direction either upward trend or downtrend and plot itself the way it should be. So there is no hassles looking for trend direction by the users, thi
Symbol and Time frame Changer
Opengates Success International
Symbol and Time frame Changer is an indicator created to save the trader from the stress of opening several charts windows on PC by enabling him or her to switch from one Currency pair to another and also be able to switch from one Time frame to another (displays the whole 9 Time frames) with the aid of the buttons on the chart. ·          You can customize the color of the buttons to your preferred color ·          You can choose the size you desire for the buttons ·          You can also choos
Partial Close Wizard Script
Opengates Success International
Partial Close Wizard Script is a script created to execute a partial close on any already profitable order in order to permanently lock in some part of the profits and reduce the lot size in the process. It can also be used to reduce the loss presently incurring on a trading account by cutting part of the loss and reduce the lot size to save the account from being wiped out. How to use: It is easy to use; just attach it to the chart of the same currency pair you intend to close the part of the p
Forex Daily Percentage Calculator
Opengates Success International
Forex Daily Percentage Calculator Forex Daily Percentage Calculator indicator is created for the Trader who cherishes the discipline of choosing only a percentage of their Trading account balance as profit per trade, per time or day. All you need to do is enter your desired percentage of your account balance, enable the notification popup alert to know when it has been attained so as to get out of the market till another day or trade. This helps the traders who are using it to determine a certai
Open Orders Engineering Panel
Opengates Success International
Open Orders Engineering Panel This Utility is NOT created to open any order or trade for Traders but to manage open orders in diverse ways with these 15 different functions On-chart BUTTONS features: Apply TP: Apply Take-Profit to any order without take-profit Apply SL: Apply Stop-loss to any order without stop-loss Apply TP and SL: Apply both Take-Profit and Stop-loss to any order without them Cancel TP: You can cancel your Take-profit Cancel SL:   You can cancel your Stop-loss Cancel TP and SL
Auto Chart Updater
Opengates Success International
Auto Chart Updater Indicator is created to update the window chart for any indicator, expert or any trading program receive fresh data retrieval at xx period interval set by the user as a preference. It is laced with on-chart Candle clock to give the user the sense of time when the updater would refresh the chart or the remaining time for the candle/session to end. It also has an option for the user to choose when exactly does he/she wants the Updater to update the chart. The User can also selec
Mini FFMV Dashboard
Opengates Success International
MINI FFMV Dashboard MINI FFMV Dashboard is a MINIATURE custom indicator of FULL FOREX MARKET-VIEW DASHBOARD created to give the Traders a full view of what is going on in the market. It uses a real time data to access the market and display every bit of information needed to make a successful trading. It shows as many as 30 currency pairs or as allowed to display in the Market Watch of your MT4 USAGE: For Solo Trading For Basket Trading (See the screenshot on how) COMPONENTS: Trend: Overall tren
Mini FFMV Dashboard and CSM
Opengates Success International
1 (1)
Mini Forex Market-View Dashboard and Mini-CSM Mini Full Forex Market View Dashboard is a miniature creation of FULL FOREX MARKET_VIEW Custom indicator created to give the Traders a full view of what is going on in the market but in a partial matter to make it conscise. It is useful most especially for those who don't like bogus indicators or those who have a PC with limited screen size. It uses a real time data to access the market and display every bit of information needed to make a successful
MicroMini FFMV Dashboard
Opengates Success International
MicroMini FFMV Dashboard This is a custom indicator created to give Traders a full view of what is going on in the market. It uses a real time data to access the market and display every bit of information needed to make successful trading. THIS IS A MicroMini size of the FULL FOREX MARKET VIEW DASHBOARD INDICATOR. This is for those who don't like the Indicator to cover all the charts and for those who don't like BOGU S things. They practically perform the same operation but MicroMini FFMV Dashb
MicroMini FFMV Dashboard and CSM
Opengates Success International
MicroMini FFMV Dashboard+CSM This is a custom indicator created to give Traders a full view of what is going on in the market. It uses a real time data to access the market and display every bit of information needed to make successful trading. To add value to the trading operation, Currency Strength Meter is added to it in order to consolidate the effective work of this indicator. THIS IS A MicroMini size of the FULL FOREX MARKET VIEW DASHBOARD INDICATOR with CSM added. This is for those who
Mini Crypto Trading Dashboard
Opengates Success International
Micro Crypto Trading Dashboard This is a custom indicator created to give CRYPTO TRADERS a full view of what is going on in the Crypto market. It uses a real time data to access the market and display every bit of information needed to make successful trading. This is a Micro size of the Compact Crypto Market Trading Dashboard Indicator created mainly for trading Crypto Currencies Markets for a living. They practically perform the same operation but MicroMini FFMV Dashboard has a few feature
Compact FFMV Dashbaord
Opengates Success International
Compact FFMV Dashboard Compact FFMV Dashboard is a little trimmed custom indicator of FULL FOREX MARKET-VIEW DASHBOARD created to give the Traders a full view of what is going on in the market. It uses a real time data to access the market and display every bit of information needed to make a successful trading. It shows as many as 30 currency pairs or as allowed to display in the Market Watch of your MT4 USAGE: For Solo Trading For Basket Trading (See the screenshot on how) For Signal confirmat
GridBreakTimeSuper
Opengates Success International
GridBreakTimeSuper is a Utility created based on grid trading strategies. It opens any number of Buystops and Sellstops orders respectively as defined by the User with a predetermined gap up and down from the current price as also set by the User. This EA works based on time set by the User for opening and closing of all orders and trades once in a day according to the time set by user. The general idea here is that each currency pair has specific time that breakout is always most likely as ther
Mutiple Orders with ChangernTFnMgt
Opengates Success International
MULTIPLE ORDERS With Symbol and Time Frame Changer Multiple Orders Utility is created to give easy profits-making trades with a little movements and without going long distance to get it all. This Utility opens multiple orders as many trades as the number specified by the User or as many as permitted by your Broker in the same direction on the same currency pair simultaneously. The idea behind it, is that instead of running after 100 - 200 pips which may not likely be attainable in the re
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Version 1.3 2022.08.22
New updates in version 1.3:

1. It now shows the amount of exact pips for the engulfing candle selected by the system for trading and the amount determines the Profit target and the Risk for the trade in R.R.R 1:1.

2. It also show the right color for each candle if it is BUY (Green) or SELL (Red).

More updates coming as we discover more ways to make this indicator improve in interface, rewards and easier to use.

Thanks and cheers.
Version 1.2 2021.05.14
Version 1.2 Updates

*** Discovered a bug and removed it.

Thanks
Version 1.1 2021.04.17
Updated Version 1.1

1. Removed the Indicator's name and Author's copyrights display on the Chart to avoid distractions

2. Coded the indicator to recognize the Engulfing candles by itself and point them out with arrows on the chart

3. The Indicator can now be used on H1, H4 and D1 time frames, although the MA still remains EMA30 and cannot be modified.

4. To temporarily clear off the fibo lines that mark out the SL, ENTRY, BE and TP pending the time new engulfing candle be sighted, you can go to parameters and replace the current value in the "Candle's Position" box with the newly formed engulfing candle's position (with the number from 0 as the current candle and the previous is 1, the next previous is 2 etc) on the chart and it will plot all the order parameters - SL, ENTRY, BE and TP for you afresh. After you have opened an order and set those parameters as given by the indicator, you can go back to the indicator's parameter and click on "Reset", it will immediately clear off the lines plotted on the chart to have a clean window without lines anymore.

5. More updates coming on the way as the researches are going on and also based on the users' experiences and feedbacks to make it easier and better to be used for improved incomes or profits

***To make it easier to use, you can message me directly on the Telegram (search for @Opengates) for the Indicator's Template and PDF users' guide for instant download, read and follow the instructions on installations and implementations.

To qualify for our 50% discount on all our product, visit the website below:
https://www.forexdashboards.com

Cheers and thanks for your interest in our products!