PROTECTED SOURCE SCRIPT

Follow the Trend with Fib support Levels

This is trend following strategy. Which takes entries on the pullbacks when long term trend is up.

It allows you to enter / add on pullback of Fib 0.618 of prebious N number of candles. I have defaulted this to 9.



BUY
====
1. Long term trend is UP i.e ema 50 is above ema 200
2. wait for Fib0.618 pulls back to trend zone (orange line )
3. when the close cross above Fib0.618 line , Enter BUY or ADD to existing position

Exit
====
1. Wait for Fib0.618 come out of Trend zone
2. close partial , when price cross down below Fib0.236

Stop Loss
========
1. Stop Loss set as Trailing Stop Loss , defaulted to 5%

you can also use ATR as trailing stop loss.


I have tested with SPY , QQQ and AAPL on hourly chart

Warning
========
for the use of educational purpose only. If you want to trade the startegy signals, please do yor own research.
Fibonacci RetracementmohaneeMoving AveragesswingtradingTrend Analysistrendfollowing

受保護腳本

該腳本是閉源發佈的,您可以自由使用。您可以把它加入到常用以在圖表上使用它。您無法查看或修改其原始碼。

想在圖表上使用此腳本?

免責聲明