Technical Indicators for MetaTrader 4

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MetaTrader 4

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Information

Experts
MetaTrader 4
Thanakorn Suphakornthongchot
1.0
5

Overview

Short-Term Fibonacci Trading Strategy with Clear TP and SL

Strategy:

  1. Timeframe: M15
  2. Indicator: Fibonacci Retracement
  3. Fibonacci Levels:
  4. Buy Entry: 38.2%, 50.0%
  5. Sell Entry: 61.8%, 78.6%
  6. TP/SL Placement:
  7. SL: Below/above the Fibonacci level used for entry
  8. Minimum Capital: $100
  9. Instruments:
  10. Metals: Gold (XAUUSD)
  11. The recommended spread starts from 10 to 25, and should not exceed 28.


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