Fibonacci Retracement MT4 free download

How to use?

Time Frame: H1, H4 or above
Pairs: all

BUY Entry Position

a) Check for a close at or below the .382 retracement level.

b) Check for the 15-bar EMA to be greater than it was one bar ago or for a close above the

EMA.

c) Buy on the next open.

SELL Entry Position

a) Check for a close at or above the .382 retracement level.

b) Check for 15-bar EMA to be less than it was one bar ago or for a close below the EMA.

c) Sell short on the next open.

Exit Order

a) Once we enter a position, we’ll set a money management stop.

b) We’ll also set a $ Risk trailing stop to lock in profits while also attempting to let profits run.