Fibopivot s/r system

 

i have come up with a profitable system to share and maybe get some feedback for improvement. Its basically based on Pivot support and resistence

and Japanese candlestick. This system is only meant for 4 hourly TF anything lower would be a waste of time and money.

Buy Entry :

when the price hit 2nd or 3rd support

After a close of a bullish candlestick

sell entry :

when price hit 2nd or 3rd resistence

after a close of a bearish candlestick

maybe someone can develop an EA for this ...attached please find the indicator that i use

 

Cont..

I normally exit at the Pi|vot LINE for both buy and signal trade..

 

hy,

how long did you trade this method ? results?

there's fibo piv v3 around here

 

I need a FiboPiv_v2.mq4 that works on H4 too anyone knows? kindly link to me.

 
marytan30:
i have come up with a profitable system to share and maybe get some feedback for improvement. Its basically based on Pivot support and resistence

and Japanese candlestick. This system is only meant for 4 hourly TF anything lower would be a waste of time and money.

Buy Entry :

when the price hit 2nd or 3rd support

After a close of a bullish candlestick

sell entry :

when price hit 2nd or 3rd resistence

after a close of a bearish candlestick

maybe someone can develop an EA for this ...attached please find the indicator that i use

for how long do you use this method? does it gives you nice results?