Today i found another system seems profitable to be used. I planned to share here in my blog. This system being used since 2010 if i'm not mistaken. The confounder for this system was master SSRFV.
This system used a combination of Fibo + stoch.
This is how this system look like:
The setting for
Fibo in this system as followed:
0 = Low(%$)
0.236 = S1(%$)
0.786 = R1(%$)
0.382 = 38.2(%$)
0.5 = Buy / Sell(%$)
0.618 = 61.8(%$)
1 = High(%$)
1.382 = TP1(%$)
1.618 = TP2(%$)
-0.382 = TP1(%$)
-0.618 = TP2(%$)
stoch (5,3,3) +
stoch (14,3,3)
Dont worry if you dont know how to adjust setting of this system manually in your MT4, i will upload this system's template.
Lets focus on how this system working?
Did you noticed in the previous picture got white & yellow circle?
Those are the main area that we will focus whenever we want to start our trade.
Rule no. 1 ( FOR MANUAL SETTING )
This fibo based on daily CS. We started tu put fibo from the
highest point to the
lowest point of the previous day CS (regardless whether yesterday CS bullish or bearish).
For example:
Rule no.2
After setting up fibo on daily CS, switch TF to 15m TF.
Then your chart already can be used for trading. Simple isn't it?
Lets focus on the yellow & white circle in the picture above.
Those are the main area that we have to pay attention or in other word, those are the area where we will pull the trigger to enter the market.
3 area on Fibo:
- High
- Buy/Sell (pivot)
- Low
2 area on stoch:
How or when do we enter the market?
- Whenever CS break and closed above (for buy signal) or below (for sell signal) one of these 3 fibo area.
- Both stoch in the level of 80 ( for buy signal) or level 20 ( for sell signal).
Example :
SSRFV3 system:
Download HERE!!..