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TLFv1

Short-Term Fibonacci Trading Strategy with Clear TP and SL

Strategy:

  1. Timeframe: M15
  2. Indicator: Fibonacci Retracement
  3. Fibonacci Levels:
  4. Buy Entry: 38.2%, 50.0%
  5. Sell Entry: 61.8%, 78.6%
  6. TP/SL Placement:
  7. SL: Below/above the Fibonacci level used for entry
  8. Minimum Capital: $100
  9. Instruments:
  10. Metals: Gold (XAUUSD)
  11. The recommended spread starts from 10 to 25, and should not exceed 28.


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Valeriia Mishchenko
4.41 (49)
EA has a live track record with 4.5 years of stable trading with low drawdown: Live performance MT5 version can be found here Waka Waka is the advanced grid system which already works on real accounts for years. Instead of fitting the system to reflect historical data (like most people do) it was designed to exploit existing market inefficiencies. Therefore it is not a simple "hit and miss" system which only survives by using grid. Instead it uses real market mechanics to its advantage to make p
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