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Fibonacci Swing Scalp Two

5

This indicator is another variant of the famous powerful indicator Fibonacci-SS https://www.mql5.com/en/market/product/10136 but has different behaviour in placing Pending Order and TP Line.

Automatically places Fibonacci retracement lines from the last highest and lowest visible bars on the chart with:

  1. An auto Pending Order (Buy/Sell).
  2. Taking Profit 1, Taking Profit 2 is pivot point and Taking Profit 3 for extended reward opportunity.
  3. The best risk and reward ratio.


Simple and powerful indicator

This indicator's ratios are math proportions established in many destinations and structures in nature, along with many human produced creations.

Finding out this particular ahead of the marketplace and getting the best alternative indicators will provide you a large advantage over the majority of Forex traders.

The product is suitable for swing or scalp trading with any timeframe.


Parameters

  • Depth - shift = counted bars - depth (default 12).
  • Deviation - the higher/lower price deviation (default 5).
  • Backstep - show entry points in history on the chart for visual analysis.
  • Alert - enable/disable push alerts when price touches the Fibo area.
Reviews 3
Adamo14
21
Adamo14 2015.10.03 20:38 
 

got it just under 2 weeks ago, works perfectly.thanks

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This Indicator only places quality trades when the market is really in your favor with a clear break and retest. Patience is key with this price action strategy! If you want more alert signals per day, you increase the number next to the parameter called: Support & Resistance Sensitivity.  After many months of hard work and dedication, we are extremely proud to present you our  Break and Retest price action indicator created from scratch. One of the most complex indicators that we made with ove
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This indicator searches for the strongest trend and works on any timeframe. D1 timeframe is recomended. The product features three lines showing fast, medium and slow bars. If red bars appear at each of the three lines simultaneously, there is a strong bearish trend. If green bars appear at each of the three lines simultaneously, there is a strong bullish trend. The indicator does not repaint and can be combined with other indicators. It is also suitable for binary option trading.
Support Resistance Breakout
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This Indicator will draw support and resistance (SR) in chart and give alert whenever there is a Support or Resistance Breakout. It has a variable to control SR line length (default 100) 500 is recommended. Support and resistance (SR) The concepts of support and resistance are undoubtedly two of the most highly discussed attributes of technical analysis and they are often regarded as a subject that is complex by those who are just learning to trade or even the expert traders. As we all know that
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This indicator draws Fibonacci level automatically from higher high to lower low or from lower low to higher high combinate with Pyramid Trading Strategy for better risk reward ratio. With adjustable Fibonacci range and has an alert function. What is Pyramid Trading Strategy? The basic concept of pyramiding into a position is that you add to the position as the market moves in your favor. Your stop loss moves up or down (depending on trade direction of course) to lock in positions. This is how
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This indicator is a proof of concept of pyramid trading strategy. It draws fibonacci level automatically from higher high to lower low or from lower low to higher high combinate with Pyramid Trading Strategy for better risk reward ratio. What is Pyramid Trading Strategy? The pyramid forex trading strategy is a something every forex trader should know about because it makes the difference between making some pips with some risk in only one trade or some pips with less the risk by applying the pyr
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rainwalker123
3372
rainwalker123 2017.06.29 13:31 
 

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Jamesdelz
2412
Jamesdelz 2016.10.10 09:10 
 

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Adamo14
21
Adamo14 2015.10.03 20:38 
 

got it just under 2 weeks ago, works perfectly.thanks

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Version 108.19 2019.08.26
New Version Engine Complier
Version 1.2 2016.07.12
Stop Loss level added
Version 1.1 2016.05.10
Price label added