Fibo Pivots Forex Scalping Strategy

0
602

Fibo Pivots Forex Scalping Strategy

This scalping system is an intraday system and makes trade decision based on the direction of the trend. This strategy is made possible by the fibo pivot levels indicator. The currency pairs that is applicable to this system are EU, GU, AU, UCHF, GJ and gold. Use this system on a 1-minute timeframe.

Metatrader Indicators:

  • Exponential moving average 55 periods (close),
  • Exponential moving average 200 periods (close),
  • Arrow
  • ArrZZx2 Support and resistance indicator.

Buy: If the price is above the central Fibo Pivots line.

Sell: If the price is below the central Fibo Pivots line.

Long Entry:

  • Exponential Moving Average 55 periods (EMA) is greater than Exponential Moving Average 200 periods (EMA)
  • Buy arrow represented by a blue color must appear.
  • ArrZZx2 indicator draws Support.

Short Entry:

  • Exponential Moving Average 55 periods (EMA) less than Exponential Moving Average 200 periods (EMA).
  • Sell arrow represented by a red color must appear.
  • ArrZZx2 indicator draws resistance.

Exit Position:

  • At the opposite arrow.
  • Fast profit target,
  • At the Fibo pivots points levels.

Recommended MT4 Broker

  • Free $50 To Start Trading Instantly! (Withdrawable Profit)
  • Deposit Bonus up to $5,000
  • Unlimited Loyalty Program
  • Award Winning Forex Broker
  • Additional Exclusive Bonuses Throughout The Year

Recommended broker

>> Claim Your $50 Bonus Here <<

Click here below to download:

Save

Save



Get Download Access

LEAVE A REPLY

Please enter your comment!
Please enter your name here