My trading partner haven’t replied as to wether my draft writeup is 100% ok to be published. I know I said “hopefully by Monday or Tuesday” the pdf shud be up and running for download. I apologise for the delay.
I hate to disappoint so allow me just give out the trading parameters as simple as I can right now (my own interpretation). The basic steps:
1.Open D1 chart, have 5ema and 8sma ONLY
2.Open H1 chart, have the usual Macfibo MAs
3.Done that? Good…
4.Check D1 5ema 8sma, IF 5ema above 8sma it means we are in a "buying wave"
5. go to H1, look for a Macfibo Buying signal ONLY.
6.vice versa for a “Selling Wave”.
Easy right? Doesn’t look so different than your average “look for the bigger trend” kind of strategy…
Other things to note:
a. his parameter, he doesn’t limit the validity of the signal to certain Open times (whereas in the original Macfibo system, we only trade within asian open until london close only).
B. Macfibo filters like SR line does apply.