4. Set Limit order to the 3 level of fibonacci retracement.
5. Close partially when price hit target profit 1
6. Close limit order that is not triggered.
Time Frame Recommendation : Daily, H4 and Hourly
Fibonacci retracement levels
0.0 Stop loss
23.6 Entry 3
38.2 Entry 2
50.0 Enrty 1
100.0 Target Profit 1
161.8 Target Profit 2 see the video below to customize your fibonacci level in metatrader 4 platform.
This trading technique need your effort to practice forex market. What you need to know is to understand the trend movement. Understand the high and low. Know how to draw the fibonacci tools. Keep practice and practice. Here got a Powerful Fibonacci Indicator. Set & Forget as easy as 1-2-3 It is really easy indicator as it will show you where to put your stop loss, where to set entry order and where to set your target profit. Click the link below
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BBMA Strategy Forex Scalping BBMA strategy is stand for Bollinger Band and Moving Average Trading Strategy. It use the combination of both indicator that can be found in the metrader trading platform. The same indicator also can be found dan can be used in the metatrader in smartphone also. Therefore you can also use the […]