Fibonacci System

Trading Systems Free Forex Trading Systems
1

NOTE:- Only recommended for traders with good experience.

Settings

Time-frame = 4hr
Currency Pair = Any (Majors Preferred)
Indicators = EMA 5, MACD(12, 26, 9), SMA 15, SMA 100, SMA 200

Check following before entering trade.

  • Do not enter if Price near to 100 or 200 SMA (Price should be at least 25 to 30 pips away).
  • Use SL according to Support and resistance levels.
  • Wait for the current candle to close so that u do not loose if signal is fake.

System

If price crosses 100 or 200 SMA then enter trade in the direction of trend.

If price is significantly in the boundaries of 100 and 200 SMA then check if:-

  • 5 EMA crosses 15 SMA
  • Crossing in MACD lines (maybe a little delay or a little earlier)

If both met then enter.

Profit Target

  • Trailing SL is best to get maximized profit if u don’t have any other way.

or

  • exit if opposite signal is shown
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Hi - do you have any results for this system? Just wonder how long you have been using it, and what kind of max drawdown etc that you have had,

thanks,

Jon.