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Pimp's strategy + fibs (part 2 -setting the Fibs)
As you maybe know Fibs in MT4 are a little bit different than on other trading platforms like ex. Oanda's where when you plot Fibs you get retracement levels together with expansion levels (or TP levels in our case).
MT4 has Fibs separated to Retracement and Expansion part.
In order to use Fibs like on any other normal platform i have modified it and you have the instructions on pic below.
First thing you need to do is to plot Fibs on any chart and after that simply follow these instructions.
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I have set-up a free Skype chat. It's called The Boiler Room. I will be there each day trading strategy from School Of Pimpology thread. Feel free to join in the fun.
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