Trabalho concluído
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Termos de Referência
WAVE TRADING WITH FIBONACCI RETRACEMENTS
USED INDICATORS
MTF ZIG ZAG ( INPUT (21,13,8))
SAMAFOR INDICATOR (144 level)
FIBONACCI RETRACMENTS (FIBONNACCI WILL GIVE AUTO BUY SELL SIGNAL BREAK VALUE OF 23.6)
THERE ARE THREE INDICATORS WILL BE PERFORM IN SAME CHART
Buy rule:
Mtf zig zag indicator(Onr hout zig zag inputs 21-8-5) identify the wave and the samefor indicator indication 3 number (input 144) at the wave end.
Fibonacci will arrive at the wave from the swing high to swing low
Price close above value of 23.6 level of wave, Buy signal should be indicate(price must be traded above 23.6 breakout candle high price then buy call active)
First target as Feb level 50% Second target is 61.8 3 target as 100 level
4 th target is 161.8 and 5 th target 261.8 level
Stop loss (0 level + spread) of the wave
Sell rule:
Mtf zig zag indicator(Onr hout zig zag inputs 21-8-5) identify the wave and the samefor indicator indication 3 number (input 144) at the wave low or bottom.
Fibonacci will arrive at the wave from the swing low to swing high
Price close below value of 23.6 level of wave, Sell signal should be indicate(price must be traded below 23.6 breakout candle low price then sell call active)
First target as Feb level 50% Second target is 61.8 3 target as 100 level
4 th target is 161.8 and 5 th target 261.8 level
Stop loss (0 level - spread) of the wave
Exit rule
1 If Enter the position as per parameter, position exit as these conditions
50% book profits at first target
25% profit book at 2 nd target and
Other 25% position carry the position till end the wave with stop loss of cost to cost
If the profit booked at first target stop loss should be moved to cost to cost + spread for buy cost to cost - spread for sell calls