Forex Strategy 4H Fibo + MA - worked well when trading for all currency pairs in the timeframe H4, it uses only one indicator forex - MTF Moving Average (it allows you to see clearly the current daily trend) and one of the most rewarding trader tools I believe, - Fibonacci.
To trade forex recommend choosing DC with Metatrader 4 (eg Forex4you - 25% accrues to the account!)
Indicator Settings MTF Moving Average as follows: TimeFrame - 1440, MAPeriod - 50, Shift - 0, Method - 1, Price - 0.
The essence of strategy 4H Fibo + MTF MA is as follows:
1) On the chart for the chosen currency pair (in the range H4), we find the last upward or downward movement, which is not recovered by 38.2% Fibonacci.
2) Rasstyagivaem Fibonacci through extremes of motion (highs and lows) at a given time.
3) We are interested in only two important levels: 38.2% and 61.8% Fibonacci, or rather otboi price from these levels.
4) If the market is down, we set the 2 pending orders:
Sell Limit at the level of 38.2% Fibonacci, and stop-loss set for the level of 61.8%.
Sell Limit on uroven61,8% Fibonacci, and stop-loss set at 100 points.
For transactions on purchase (the market upwards) - set the Buy Limit order s on the same level and with the same stop-loss.
Forex Strategy 4H Fibo + MTF MA
5) Always look on the MTF Moving Average indicator and the transaction should be concluded only in the direction of the daily trend (this indicator and it shows).
If you dare to trade against the trend - the place fixed take-profit, which must be less than garazdo to trade with the trend and also do not forget how to translate stance bezubytka level as soon as possible.
Although it is better to trade only with the trend!
6) In order to lock in profits recommend using trailing stop at a distance of 75 points. For more volatile pairs - a trailing stop at 100 points.
The deal needs to be closed only on the stop-loss or trailing stop. But if you want you can cover a portion of the transaction on the important levels or level of "0.0" Fibonacci census (eg 50-70% of the transaction).
