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Fibonacci Swing Scalp Two

This indicator is another variant of the famous powerful indicator Fibonacci-SS https://www.mql5.com/en/market/product/10136 but has different behaviour in placing Pending Order and TP Line.

Automatically places Fibonacci retracement lines from the last highest and lowest visible bars on the chart with:

  1. An auto Pending Order (Buy/Sell).
  2. Taking Profit 1, Taking Profit 2 is pivot point and Taking Profit 3 for extended reward opportunity.
  3. The best risk and reward ratio.


Simple and powerful indicator

This indicator's ratios are math proportions established in many destinations and structures in nature, along with many human produced creations.

Finding out this particular ahead of the marketplace and getting the best alternative indicators will provide you a large advantage over the majority of Forex traders.

The product is suitable for swing or scalp trading with any timeframe.


Parameters

  • Depth - shift = counted bars - depth (default 12).
  • Deviation - the higher/lower price deviation (default 5).
  • Backstep - show entry points in history on the chart for visual analysis.
  • Alert - enable/disable push alerts when price touches the Fibo area.
Comentarios 3
rainwalker123
2765
rainwalker123 2017.06.29 13:31 
 

What, only 5 activations?

This is a superb indicator who works amazing in 1H timeframe.

With help of this indi I had a 120 points winner IN DAX/German 30

With hek

Adamo14
19
Adamo14 2015.10.03 20:38 
 

got it just under 2 weeks ago, works perfectly.thanks

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PipTick Bid Ask Volume MT4
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This indicator is a proof of concept of pyramid trading strategy. It draws fibonacci level automatically from higher high to lower low or from lower low to higher high combinate with Pyramid Trading Strategy for better risk reward ratio. What is Pyramid Trading Strategy? The pyramid forex trading strategy is a something every forex trader should know about because it makes the difference between making some pips with some risk in only one trade or some pips with less the risk by applying the pyr
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Filtro:
rainwalker123
2765
rainwalker123 2017.06.29 13:31 
 

What, only 5 activations?

This is a superb indicator who works amazing in 1H timeframe.

With help of this indi I had a 120 points winner IN DAX/German 30

With hek

Jamesdelz
2199
Jamesdelz 2016.10.10 09:10 
 

El usuario no ha dejado ningún comentario para su valoración

Adamo14
19
Adamo14 2015.10.03 20:38 
 

got it just under 2 weeks ago, works perfectly.thanks

Respuesta al comentario
Versión 108.19 2019.08.26
New Version Engine Complier
Versión 1.2 2016.07.12
Stop Loss level added
Versión 1.1 2016.05.10
Price label added