Tri-Time Frame Fibo Trading
Fibotron – tri-time frame Fibonacci trading
Time frame #1 : 24hours
Time frame #2: 80 hours
Time frame #3: 210 hours
All time frames must meet the following criteria.
1) locate the highest and lowest price within each given time frame 24, 80 and 210hours.
2) the different between the highest price and lowest price must be equal or greater 60pips for a valid Fibonacci and trade set up
3) Fibonacci retracement is draw from the highest price to the lowest price (standardization)
4) After a losing trade, the system will only take another trade 10hours afterward. This is to minimize the losses during range bound market. For example, if time frame 1 loses, no trade will be taken for another 10 hours in time frame 1. Time frame 2 is independent of time frame 1; hence, is allowed to take a trade if the opportunity exists.
5) Stoploss 25 pips, limit 40pips as a start (let's try to minimize the number of losing trade first before optimizing for profit)
6) Trade possibilities occur only when the price exit the 40 to 60% Fibonacci zone.
a. Sell when candle closes below 35% Fibonacci line
b. Buy when candle closes above 65% Fibonacci line
See the attachment for graphical results and details.
Trong
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