Forex Strategy “Big Dog + Fibo» – an updated version of a simple breakdown strategy forex Big Dog – it just no indikatorv and trade need only some graphic construction and tool “Fibonacci» (Fibo), thanks to which is now being installed orders and fixing them.
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So, for issuing orders, the following construction must be met:
1. Choose M15 chart of the currency pair of the EURUSD .
2. Similarly, traces the “Box”:
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2 vertical lines at 12:00 GMT and 14:00 GMT.
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2 horizontal lines - at the highest price in this time interval and a horizontal line at the lower price in the receiving coverage time interval .
3. Vibiraem tool Metatrader 4 – “Fibonacci lines” and in Properties Fibo set the following levels: 0.000, 1.000, 1.272, 1.500, 1.764 and 2.000
4. Now for our “box” Fibonacci stretch 2 times – 1st from maximum to minimum of the box and the 2nd – from minimum to maximum.
As a result, after these constructions will about this picture:
Set the pending orders Buy Stop and type the Stop the Sell (3 on each side formed boxes – in equal parts) on the levels of 1.272 !
Take-profits respectively:
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TP1 – at the level of 1.500
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TP2 – at the level of 1.764
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TP1 – at the level of 2.000
Stop-loss is placed at the level of 1000!
Example below:
After the first order is closed with a profit – the rest is reset to level bezubytka . After the close of the second with a profit – swap the 3rd to the level of the opening of the 2nd (ie 1.764) .
When triggered Transactions on Bai – cancel Sell and vice versa: when you open Sell orders – cancel Bai !
If no deal had not been opened before the start of the construction of the following boxes (ie before 12.00 GMT), all orders are removed!
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