Intraday Trading System with Fibonacci Miracle, CCI, and Profitable Strategy indicator. Fibonacci Miracle is a popular tool used by many technical traders to help identify strategic places for transactions to be placed, target prices or stop losses.
- Time Frame: M5, M15, M30, H1, and H4
- Currency Pair: GPUSD and EURUSD
- Fibonacci Miracle
- Profitable Strategy
- Commodity Channel Index
The trading system will automatically determinate a current trend, HIGHs and LOWs and print all the information on your chart:
- Current trading opportunity – entry level, stop loss level, 3 take profit level
- Recommended stop loss level (based on the Fibonacci numbers)
- If a current trend is down (bearish) your entry level (in this case SELL)
When a trend will change – the Fibonacci indicator will automatically re-print all the entries, SL, TP for a new trend.
The Fibonacci indicator will show you exactly where to enter a trade, where to exit and where to put a stop loss. These levels are based on Fibonacci levels and work very well.
Place your stop loss exactly where the software advices you “STOP LOSS LEVEL”– the price of SL printed in red on your chart ( in our case SL = 1.36327 ).
Stop will be calculated and printed on your chart automatically for each new trade.
- Option I
Set your own profit target, for example 20 pips per trade and exit all trades as soon as you reach your profit target – do not wait until the price hits the indicator’s “profit: level normal”.
This is the safest way of trading and reduces your risk level.
- Option II
Exit trades when the price is close or touches the Fibonacci indicator “PROFIT: LEVEL” level (either “profit level normal” or “profit level aggressive”).
High aggressive level is risky and should be used by experienced traders only.