Set and Forget: Fibo Pending Order Systems

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Hi there all.
My first thread right here.

That is extra an exploratory thread to see if anybody else is utilizing these type of methods and a option to share expertise.

Firstly these usually are not my major methodology of coaching. I'm extra a BBMA dealer however I do just like the attraction of setting Pendings and coming again to revenue as a rule.

So right here listed here are some Fibo strategies I've been experimenting with and that I hope we are able to develop.

免責事項: I didn't provide you with these fibo settings. THe first I acquired from some previous web site i can't even discover anymore.
THe different is from this thread https://www.forexfactory.com/showthr...=528703&web page=3

Asian Break Out - Methodology A

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This makes use of a escape of the Asian excessive low vary.

On the final candle earlier than London draw fibs from excessive of Asian session to low.

Set pendings.

0 - SWING LOW
0.382 - BUY SL
0.618 - SELL SL
1 - SWING HIGH
-0.1 - SAFE SELL
1.1 - SAFE BUY
1.3 - BUY TP1
-0.3 SELL TP1
1.618 - BUY TP2
-0.618 - SELL TP2
2.2 BUY TP3
-1.2 - SELL TP3

UPDATE on Methodology A - You will note in a few of my pics a purple field when utilizing methodology A. That is the 5 午前 - 8 am gmt vary. If Asian session appears to be like like it will likely be a giant fib with targets too far or sl to massive then I can use the purple field to get extra achievable targets with smaller SL.

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Break Out - can be utilized for London and NY (Methodology B)
Once more all credit score goes to Phantom on this thread: https://www.forexfactory.com/showthr...=528703&web page=3
This methodology we draw fibs on asian session then if final candle of asian bullish we put the Session Open line on the highest of bull candle. Reverse for Bearish.

Please see footage.

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Listed below are the main points from the unique thread. Huge because of Phantom5000 for sharing it.
https://www.forexfactory.com/showthr...=528703&web page=3

Steps:
*Resolve what session you need to use:
(オーストラリア,European,ロンドン,NYC,NYC-Mid, or Tokyo)
(I like to recommend NYC & London Periods for finest outcomes)

*Draw any FIBO on chart.

*Open FIBO Properties and change parameters by making use of yesterdays HIGH/LOW of the Session you selected to make use of

*Place 50% FIBO line on upcoming Session Open
(Instance: London's OPEN 2:00AM CST / 10:00am My Dealer MT4)

*Place X2 purchase tons & X2 promote tons

*USE FIBO TEMPLATE & SET PENDING ORDER STOPS, STOPLOSSES, & TAKE PROFITS

*FIBO Template:
Relying on which method you had drawn your FIBO

100.0 TP#2
76.4 TP#1
61.8 BUY STOP
55.9 SELL STOPLOSS
50.0 SESSION OPEN
44.1 BUY STOPLOSS
38.2 SELL STOP
23.6 TP#1
0.0 TP#2
-------------------------------
0.0 TP#2
23.6 TP#1
38.2 BUY STOP
44.1 SELL STOPLOSS
50.0 SESSION OPEN
55.9 BUY STOPLOSS
61.8 SELL STOP
76.4 TP#1
100.0 TP#2

*Sit again and watch goal #1 hit

*Shut 1st lot

*Set 2nd lot to interrupt even in case goal #2 is not reached

*That simple. Take pleasure in making so many pips you will have a wheel barrow
to hold them. 🙂

注記: You possibly can see how effectively my system works by checking earlier days doing similar methodology.

Methodology A

This deliver the potential of extra reward, with system of commerce administration (A number of trades, trailing and so on).

However with this reward comes better threat as when the SL will get hit its a lot greater.

Methodology B

That is much less stress as if the SL will get hit extra incessantly than methodology A it's a lot decrease whereas additionally being lower than the revenue TP1 and TP2.

I've discovered each very profitable even with Methodology A SL getting hit the pips are usually nonetheless constructive for the month.

Do your backtesting to see the potential of those strategies and lets commerce it subsequent week.

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A method I've discovered of decreasing threat on Methodology A and rushing up the completion of buying and selling for the day is that this.

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I'm risk of getting a script made to place the pendings on. Then we simply must assume how finest to succeed in TP2 and 3 and whether or not trailing is finest.

Appears to be like like I misunderstood Methodology B.
Use the earlier days London session to measure the fibs for buying and selling todays London session. No worries it really works even higher.

I did a guide depend for September utilizing 0.65 そして 0.35 SL ranges and it got here to 368 pips for the month from only one pair...EURUSD.

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let me attempt to make clear.

For methodology A you employ todays Asian vary. The excessive to the low.

Discover it's fully totally different fib settings for methodology A. On the final candle of Asian place the fib and place the pending orders on the chart the place the fib tells you to.
Performed.
No steady motion of fib.
Methodology B - In case you are buying and selling London then you definately use the earlier days London session to measure the fibs.
Then on the final candle of Asian session you place the fibs (50% Session open line) on prime of candle (if that candle was bullish or below if bearish).

So methodology A brilliant easy and B virtually as easy.
Here's a pic of methodology B once more discover session open line at bases of bearish candle.

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私たちは経験豊富な外国為替トレーダーのチームです [2000-2023] 自分の思いどおりに人生を生きることに専念している人. 私たちの主な目的は、経済的自立と自由を獲得することです, そして私たちは自立可能なライフスタイルを実現する手段として、独学で外国為替市場での豊富な経験を積んできました。.