Algo Fibonacci Scalper System is a NON-Repaint indicator system that gives easy-to-use buy/sell signals. It usually being sold for 97$ a Life Time. It comes with an ON-SCREEN dashboard that shows you markets trends.
The system consists of 2 components: the Fibonacci Algo and the Fibonacci Algo scalper. This system has been designed from the ground up with novice traders in mind, but the system also tailors to experienced traders. Fibonacci Algo is the dashboard positioned on the right corner of your trading chart that shows you the most favorable trend and lets you have a quick insight into upper time frames without the need for tracking the price action in multiple windows. It enables you to easily filter out Fibonacci Algo scalper Buy and Sell Arrows; A Blue arrow represents a buy signal. A Pink arrow represents a sell signal.
The Forex Hydra Strategy uses signals from multiple technical indicators to enter the market, such as trend trading, countertrend trading, and others. This increases the chances of sustained growth and reduces exposure to a single pair or individual operations.
It catches very fast and profitable price movements and gives you easy BUY/ SELL signals. The system very carefully verifies every trading signal to produce only the highest probability trades.
Algo Fibonacci system can give you trading signals you can take as they are or add your additional chart analysis to filter the signals further, which is recommended. While traders of all experience levels can use this system, it can be beneficial to practice trading on an MT4 demo account until you become consistent and confident enough to go live.
Follow money management & Don’t enter to trade within the high-impact news period. Exit from your trades before half & an hour from the high-impact forex news.
You can set the Fibonacci Scalper Indicator System to send you a signal alert via Email, Mobile Notification, or platform pop-ups. This is helpful as it means you do not need to stare at the charts all day waiting for signals to appear, and you can monitor multiple charts all at once.
Algo Fibonacci Scalper can be used on any Forex currency pair and other assets such as stocks, commodities, cryptos, precious metals, oil, gas, etc. You can also use it on any time frame that suits you best, from the 1-minute through to the 1-day charts. For scalping use M1 to M5, For day trading you can use M15/H1, and For swing trading, use H4/D1.
How to Use Algo Fibonacci Scalper System
- A Blue arrow represents a buy signal.
- A Pink arrow represents a sell signal.
The Dashboard window “Analysis” must display “Buy Only” and the Fibonacci Algo Scalper indicator draws a Blue buy arrow on the chart. Place stop-loss below the most recent swing low price.
The Dashboard window “Analysis” must display “Sell Only” and the Fibonacci Algo Scalper indicator draws a Pink sell arrow on the chart. Place stop-loss above the most recent swing high price.
Take profit when an opposite Fibonacci Algo Scalper trading signal pops up on the chart or Close the open buy or sell trade at a predetermined take profit level.
For instance, close the trade when the price moves 15-35 pips in the 5-minute chart or 40-100 pips in the hourly chart.
woow the system is the best in profit 25zar to 345.78 zar thanks sir for sharing the system with us
this is a modified halftrend indicator. so use with preiod = 20 . you will see it’s the same
combined with trend filter
i have tested it. but the problem is that the trend filter will change color long after appear buy/sell signal from halftrend
when halftrend announces sell order. some time later, the new trend filter changes to pink (sell only),
when halftrend announces buy order. some time later, the new trend filter changes to green (buy only),
I don’t think, worth using this indicator. This is working well when the market is in trend and not otherwise. Instead of using this, SMA crossover is much better.
This is a very decent system as long as you back and forward test then tweak it to your liking.
Add an ema 55 to filter other signals for confirmation and use a higher timeframe like H1 and H4 albeit you can use m15 with caution.
Thank the admin for kindly collecting this system for us to explore.