Forex Strategy «Fibo + Stochastic»

Forex Strategy «Fibo + Stochastic» is a very simple breakdown of trade strategy, based on the Fibonacci extension levels as well as on the stochastic, trading is conducted in the range of H1, the recommended currency: GBPUSD and GBPJPY (or other vysokovolatilnye).

And so for trade, we need to set a timetable for the chosen currency pair Oscillator Stochastic (14,3,3). We need only line -% K, for the% D line of paint in the color of the screen.

To determine the levels of entry into the market, posted on the schedule Fibonacci levels from minimum to maximum of the previous trading day.

Enters the market, if the following conditions:

1) Price breaks the 100 level or level 0 Fibonnachi (or in other words — breaks a maximum or minimum of the previous trading day). Breakout — closing the candle above the maximum or below the minimum of the trading day.

2) Then we need to get a confirmation signal from the stochastics. Confirmation is penetration level of 80 transactions for the purchase or penetration level of 20 for the transaction to sell.
After penetration of one level, we are reconstructing Fibonacci levels (if necessary) so that the Fibonacci extension 161,8% and 261.8% were on the side of a penetration level of yesterday.

Forex Strategy "Fibo + Stochastic"

Profit — 3 options:
1) When the level of 161,8% close 50% of the transaction, and the remaining 50% of the transaction translates into a level «zero», and take profit for the remainder of the position exposes the level of 261,8%.
2) Close all of 100% of the transaction on the level of 161,8%
3) Close the deal after a penetration level of 80 in the reverse order (for BUY) or level 20 in the opposite direction (for SELL).

Stop-loss should be set at a maximum of the current day (for SELL), or at least the current day (for BUY).

Trading Forex Strategy "Fibo + stochastic"

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