Fibonacci Trend Power System for MT4
Rules: Open Buy Position
1. Fibo Trend Power of both higher time frames are green
2. watch out price is not near the red Fibo Golden Zone 61.8 - it´s a magic number because a maybe reversal will come
3.Only trade in Fibo Trend direction
4. open trade after Fibo Scalper Blue Box appears.
To know: check the line connecting of the last two red and blue boxes. Then more near horizontal these are, so stronger the signal can follow the trend. Also to know: When High Impact News comes, do not make a trade.
Rules: Open Sell Position
1. Fibo Trend Power of both higher time frames are red
2. watch out price is not near the Fibo Golden Zone 61.8 - it´s a magic number because maybe reversal will come.
3. Only trade in Fibo Trend direction
4. open trade after Fibo Scalper Red Box appears.
To know: check the line connecting of the last two red and blue boxes. Then more near horizontal these are, so stronger the signal can follow the trend