Forex AutoFib Trade Zone Trading System and Strategy. This Auto Fibo Trade Zone forex trading indicator is designed to draw a Fibonacci retracement and OVERSOLD-OVERBOUGH zone, using as a basis the ZigZag indicator.
- Time Frame: H1 or higher
- Currency Pairs: Any
MetaTrader Trading Indicators
- AutoFib Trade Zones
- Heiken Ashi Smoothed Alert
- NonLagDot
- RSI
BUY Rules
- Price upward from the “BLUE” AutoFib Trade Zones (Ready to BUY area)
- Heiken Ashi Smoothed blue candle
- NonLagDot blue color
- RSI line upward and above the level 60
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SELL Rules
- Price upward from the “RED” AutoFib Trade Zones (Ready to SELL area)
- Heiken Ashi Smoothed magenta candle
- NonLagDot red color
- RSI line downward and below the level 40
Trading NOTES
- It is important to remember that the AutoFib Trade Zones indicator can be used on a variety of charts as well as time frames.
- It is best to always trade with the trend.
- The price may not stop exactly at a Fibonacci level, rather the levels are just a guide.
- Use a demo account or a small live account first to practice this trading system.
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