Name:
MAC-Fibo indicator
Author:dineshydv (2012.05.04 08:43)
Rating:10
Downloaded:6778
Download:
mq423 MAC Fibo Indicator MACFibo.mq4 (5.1 Kb) View
mq423 MAC Fibo Indicator MACFibo v1.1.mq4 (5.0 Kb) View

Description:

UPDATED ON 21-MAY-2012:
Below changes finished in v1.1:
1. Done club adjustment. Now it looks during 2 before bars for citation determination.
2. Alert added.

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MACFibo traffic plan was a leader of March’s Best Forex Trading System Contest during babypips.com. This traffic complement uses 3 relocating averages to establish traffic opportunities as well as Fibonacci extensions to establish stoploss as well as distinction targets.

This is a indicator formed upon MACFibo traffic strategy. More sum about this plan can be found here as well as babypips forum here.

SHORT SIGNAL:
When 5EMA crosses 20SMA down:
Draw 2 points as below:
POINT A; Candle tighten cost which reliable a downside crossover
POINT B: top cost of a stream call before to a crossover,
Profit Target: @ 161.8 fibo level
Stop Loss: limit 38.2 (minimum @ 78.6) formed upon your risk appetite.

Long SIGNAL:
When 5EMA crosses 20SMA up:
Draw 2 points as below:
POINT A; Candle tighten cost which reliable a upside crossover
POINT B: lowest cost of a stream call before to a crossover,
Profit Target: @ 161.8 fibo level
Stop Loss: limit 38.2 (minimum @ 78.6) formed upon your risk appetite.

Exit resource for losing trades, if stoploss nonetheless to hit: if 5EMA cranky 8SMA in citation conflicting of your open trade.

Image:

eurusdfh1fmacfibo small MAC Fibo Indicator

eurusdxh1gmacfibo2 small MAC Fibo Indicator

 

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Rating: 10 out of 10 (from 90 votes)