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Well-managed and reliable Fibonacci Forex strategy. Trade is usually taken following 4-Hr Chart Candles. Fibo Retracement/Channel Resistance/Support are considered. Trade entered respecting strict risk reward ratio & risk management principles. STOP is used ranging from 20-50-100 or 150 Pips. PROFIT is in the range of 40-70-100-140-220 Pips Range. Preferred pairs are USD/JPY, EUR/USD & GBP/USD. Market is monitored continuously to take full advantage of trading opportunities.

Fibonacci can be a very valuable addition to the tools in your Fibonacci Forex strategy, even if you are a reasonably new trader. Experiment with the guidelines below and learn to do the Fibonacci two-step. The level of success with this tool is quite amazing.

Fibonacci levels indicate more often than not how far price is going to go before it stalls and pulls back. It also provides a number of levels where price can pull back or retrace before moving on in the trading Forex direction of the trend.

The Trade Levels

The 4 most common retracement levels are (figures rounded off):

38%
50%
62%
79%

The two most common extension levels are:

1.27%
1.62%

Using the Fibonacci tool that comes with most charting packages, simply drag the tool from the most recent swing high/low to the previous swing/high or low and take special note of the 50% trading strategy retracement level.

Note: 01-lot to be allocated to one pair. Or maximum 2 trade lots for a particular pair. 03-lots (maximum) to be traded at a time in this Fibonacci Forex strategy

sunmaxtraders - Fibonacci Forex strategy

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2010 +10.4% +1.2% -21.2% +22% +5.2%
2011 +3.5% -44.9% +20.6% -0.5% -7% +21.6% +0.5% +6.2% -0.2% -16.4%
Get access to forex trading strategy
Pips $
Get access to forex trading strategy
Trial (7 days): $15 Month: $150
Strategy Name Sunmaxtraders
Date Started 2010-08-16
Number of weeks 62
Max concurrent lots 3
Max drawdown for 1 lot 150 (pips)
Min account amount $ 3000
Max drawdown for full amount 100 % OK
Trading currencies EUR/USD, USD/JPY, GBP/USD
Pips $
Total +325 pips +$188.86
Total profitability +6.30 %
Trades 220
Profitable Trades 85
Loss Trades 135
Win ratio 38 %
Maximum account level +1185 pips +$4046.46
Minimum account level -901 pips +$2049.69
Max loss -1598 pips -$1619.28
Max loss (%) 53.90%
since 2011-01-25 to 2011-08-26
 
 
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