MultiTrend AO BreakAlert

📌 SIMPLE TRADING SYSTEM: FIBO + MULTI-TREND + ALERT

🧩 1. CHART SETUP

• Main Timeframe: H1

• Add the following indicators:

  • Fibonacci Levels (manual – draw from swing high to low or vice versa after breakout).

  • Multi Trend AO (as shown in the image).

  • Moving Averages (e.g., MA 5 & MA 34).

  • Breakout Alert or Candle Pattern Alert.

✅ 2. ENTRY CONDITIONS

A. WAIT FOR ALERT + DRAW FIBO

• Wait for a breakout alert from the indicator.

• Draw Fibonacci retracement from the latest swing high to swing low (or vice versa), depending on the direction of the breakout.

B. CHECK MULTI TIMEFRAME TREND

• Confirm the overall market trend using multi-timeframe signals (MN, W1, D1, H4).

  • If most timeframes are showing SELL, look only for SELL setups.

  • If most are showing BUY, look only for BUY setups.

C. ENTRY AT FIBO LEVEL

• Use Fibonacci retracement levels as potential entry zones:

  • SELL: Enter around 0.618 / 0.786 retracement if price is retracing from a downtrend.

  • BUY: Enter around 0.382 / 0.5 retracement if price is retracing from an uptrend.

• Confirm the entry using a rejection candle / pin bar / engulfing pattern at the Fibo level.

🎯 3. EXIT & STOP LOSS

🛑 STOP LOSS:

• Place SL just above or below the highest or lowest Fibonacci level.

• Alternatively, use the STOP LOSS level provided by your system/indicator.

🎯 TAKE PROFIT:

• Use Fibonacci extension levels (e.g., 1.272, 1.618).

• Or refer to predefined system levels like EXIT 1, EXIT 2, shown in your chart.