MACDFibo indicator as a part of MACFibo trading strategy created by Dinesh Yadav. The indicator itself was made on TSD forum (it was originally a 3 ema cross) with a some extensionms and upgrades and a bit different presentation.
Rules of trading :
SHORT SIGNAL:
When 5EMA crosses 20SMA down:
Draw 2 points as below:
POINT A; Candle close price that confirmed the downside crossover
POINT B: highest price of the current wave prior to the crossover,
Profit Target: @ 161.8 fibo level
Stop Loss: maximum 38.2 (minimum @ 78.6) based on your risk appetite.
Long SIGNAL:
When 5EMA crosses 20SMA up:
Draw 2 points as below:
POINT A; Candle close price that confirmed the upside crossover
POINT B: lowest price of the current wave prior to the crossover,
Profit Target: @ 161.8 fibo level
Stop Loss: maximum 38.2 (minimum @ 78.6) based on your risk appetite.
Exit mechanism for losing trades, if stoploss yet to hit: if 5EMA cross 8SMA in direction opposite of your open trade.
Download from here:
http://www.forex-tsd.com/ema-cross/925-ema-cross-83.html#post437787
Комментариев нет:
Отправить комментарий