Help with Fibonacci, Parabolic SAR, Fractal Strategy

Beginner Questions
1

Hey everyone. I am about a year into my Forex journey and have had great results so far. had some losses but always earning from my losses. But always sticking to my strategy no matter what.

But my question is I am looking for advice from others who could help. I don’t get enough trades. I check every hour on the hour off the 1H chart. I trade Fib retraces within the 61.8% to the 100% level after a PSAR confirmation. I use fractal indicators as my high and low points for my FIB placement. and make sure it is inline with with the MACD on the 1H.

It’s just that I’m in my charts every hours for about 5 mins and i only get about 4 trades a week. I have a high winning rate but want more to trade for all the time im putting in. I miss alot of trades that get in my planned FIB zone but the PSAR confirms outside my zone. I’ve thought about testing it on a late confirmation maybe in the 50% for a lower rrr.

I appreciate the help in advanced

2

Hi, why do you want use machine gun when you have a sniper gun? 4 trades per week on H1 chart is good rsults, be patient! :slight_smile: . Regards greg

1 Like
4

Hey just wanted to say thank you! It’s been almost exactly 2 years since your reply and I’m joining a prop firm to trade full time again permanently. I realized my biggest challenge was patience. I have about 3 different strategies that work very well.

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5

Good question and one that’s helped me understand better

6

Hi, glad to hear that :slight_smile: