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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:
- 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)
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After making it and forward testing, I am definitely compensating for the hard work and patience in this community.
tanaka akiko reteid2222[/Ufibo()
What i like is:
- it really works
- non repaint
And you forget the words martingale, hedging casino
And we have some rarely seen words here like pa and fibo(dont ask vor go back to the baby traders thread)
So this one nicht be totally boring for 95% oft the thread lovers here but for me it has the sound oft success...so much that i ll have a look and code it with breakout class after holidays of interesting and send you...
:inlove::inlove::inlove::inlove:
Greeting