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Old 06-10-2009, 04:04 PM
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Join Date: Sep 2008
Posts: 7
marytan30 is on a distinguished road
Fibopivot s/r system

i have come up with a profitable system to share and maybe get some feedback for improvement. Its basically based on Pivot support and resistence
and Japanese candlestick. This system is only meant for 4 hourly TF anything lower would be a waste of time and money.

Buy Entry :

when the price hit 2nd or 3rd support

After a close of a bullish candlestick

sell entry :
when price hit 2nd or 3rd resistence
after a close of a bearish candlestick


maybe someone can develop an EA for this ...attached please find the indicator that i use
Attached Images
File Type: jpg BUY-Screenshot.JPG (97.6 KB, 265 views)
Attached Files
File Type: ex4 FiboPiv_v2.ex4 (5.4 KB, 34 views)
File Type: mq4 FiboPiv_v2.mq4 (4.6 KB, 59 views)
File Type: mq4 Pattern_Recognition_Master_v3.mq4 (26.9 KB, 68 views)

Last edited by marytan30; 06-10-2009 at 04:10 PM.
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Old 06-10-2009, 04:07 PM
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Cont..

I normally exit at the Pi|vot LINE for both buy and signal trade..
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Old 06-10-2009, 06:50 PM
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Location: Italy
Posts: 186
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Question

hy,
how long did you trade this method ? results?
there's fibo piv v3 around here
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