is this system used specific time to trade? or u can trade at any time...
P/s; breakout ke bro?
This system based on breakout previous day high and low. Take profit and stop lose based on Fibonacci level after darkkiller had modified the spudfibo. Correct me if I'm wrong darkkiller. Therefore the pending order should be taken when broker start the new day.
Trading Indicator
good.........
It's Simple, But does it work?
Nice setup and I like that it does not require constant monitoring.
Can you share recent trading results?
Thanks
Spy
is this system used specific time to trade? or u can trade at any time... P/s; breakout ke bro?
Yes,like onetarmizi said.It just daily breakout but with fibonnaci.
My idea come out after read all this thread
SRDC Episode I
Spud's MTF FIB Breakout System
Spud's MTF FIB Breakout System
Daily Open-SR Technique
but,i see the problem is some of trader do not know how much to Take profit and where to put Stoploss..so i come this idea using spudfibo daily.I got alot inspiration try to create indicator from senior TSD like Cja,Mladen,Linuxser,Fxbs,Igorad and other....still beginner,still alot to study how to coding
Nice setup and I like that it does not require constant monitoring.
Can you share recent trading results?
Thanks
SpyYou can see the result by yourself..just drag red line to high low day before.
This is not holy grail,still hit stoploss so moneymanagement still important.
Thanks skydart show some result
*english is not my first language
Demo test:
today all hit stoploss
better lock your profit.Anyway this system still in trial,need more improvement
Hit pending buy and pending sell but reverse back.. quit dangerous,i think this system need some modification dont u think so DK
Hit pending buy and pending sell but reverse back.. quit dangerous,i think this system need some modification dont u think so DK
from your picture,that is not correct..pending sell and buy for a new day.That fibo will automaticly draw a new line with yesterday high and low.So what you have to is,just pending sell 1.5485 and buy 1.5633 for today and also dont forget to set tp and stoploss.Good luck
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Hello there
i would like to share this system.It really simple and this system using daily high and low and take profit and stoploss are using fibonacci range.
1.Open anypair do u like with timeframe 1hour
2.Pending buy and sell
3.Set stoploss and take profit
4.Go to sleep
Pending buy must
+1pip with spread
Pending sell must
-1pip
maybe somebody can edit this indicator to put auto spread and +/- 1pip on it.Or create EA?
thanks