#973 Simple and Easy AutoFib Trade Zone Trading Strategy

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.


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  • 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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