Forex trading system
This trading system is based on the unique Fibochannel indicator. It fits both beginners and professionals in the Forex market. Relying on its signals, you can receive 100-150% of the deposit per month. The strategy of this forex system is easy to use. It does not require knowledge of the nuances of technical analysis. This makes the indicator more attractive for Forex beginners. The indicator gives a signal to open a deal once a day at the same time. All that remains is to open the position according to the signal.
The system is used only on the H4 timeframe and is suitable for major currency pairs as well as metals and oil. The main difference of this strategy is that the positions open regardless of the breakthrough of support and resistance levels R1, S1 (61.8%), and close at the following levels. Fibo channel 3″ and “RealMACD (5,15,1)” indicators are used. When the first candle is formed at 00:00, the “Fibo channel 3” indicator draws the levels for the next day
If the candlestick starts to form above the PivotLine level, we open a position to buy, but only if the previous MACD bar is green. The stoploss is set at 61.8% (S1) below the PivotLine. The takeprofit is set at 61.8% (R1) or (R2) above the PivotLine
If the candlestick starts to form below the PivotLine level, we open a position to sell, but only if the previous MACD bar is red. The stoploss is set at 61.8% (R 1) above the PivotLine. The takeprofit is set at 61.8% (S1) or (S2) below the PivotLine.
Important conditions must also be met.
If the opening of a candlestick coincides with the PivotLine, the position is not opened.
If the opening of a candlestick is above the center line and the previous MACD bar is red, the position is not opened.
If the opening of the candlestick is below the center line and the previous MACD bar is green, the position is not opened.
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