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Dear SoeHoe community, I would like to share this indicator with you.
GOLD Breakout Scalper Indicator
It's a Fibonacci indicator where it gives a green flag when to buy/sell with its respective targets at 1.618 1.286 2.618
Maybe we could mix it with News Indicator and add a Break even setup whenever 20 pips reached.
It is a break out Strategy, pure price action with Fibonacci levels and it really works.
This indicator does not repaint and it's based on a 24h High/Low.
If you could help me with this I would be glad. I coded the indicator myself and it is very simple coding I just wanted to automate it:
GOLD Breakout Scalper Indicator
It's a Fibonacci indicator where it gives a green flag when to buy/sell with its respective targets at 1.618 1.286 2.618
Maybe we could mix it with News Indicator and add a Break even setup whenever 20 pips reached.
It is a break out Strategy, pure price action with Fibonacci levels and it really works.
This indicator does not repaint and it's based on a 24h High/Low.
If you could help me with this I would be glad. I coded the indicator myself and it is very simple coding I just wanted to automate it:
- Activate Break Even after TP1 is hit
- Take 50% of the position at TP1
- 30% TP 2 or just activate a 20 pip trailing after TP1 was hit to go for more profit.
- 20% at TP3 or just activate a tight trailing stop after TP2 is done.
- SL at BUY trigger line(top orange for buys, bottom orange for sells)
I am definitely willing to compensate whoever helps after forwarding testing is complete!