Auto FIBONACCI Indicator & Forex Raitis JMA Ribbon Trading System

The auto Fibonacci tool automatically plots retracement levels between 0% and 100%. In a bearish market, 0% is positioned at the top and 100% at the bottom, while in a bullish market, the placement is reversed. Essentially, after reaching a significant high or low, the market often retraces to various Fibonacci retracement levels.

For example, let’s assume an uptrend is expected to retrace to the 38.2% Fibonacci level. Simply wait for the market to pull back to this level and place a buy order. A stop-loss can be positioned just below the swing low or beneath the 50% Fibonacci level for added security. As for the exit strategy, consider setting your take-profit target at the next resistance level or the previous high.

In many scenarios, the price tends to reach the 50% Fibonacci level. However, the 61.8% level is a favorite among traders due to the strong pullbacks it often provides. The 78.6% level, though less commonly utilized, also serves as an excellent point for potential reversals.

Beyond trading pullbacks, Fibonacci levels also serve as reliable take-profit targets when riding a trend. For instance, in the case of a retracing uptrend, you could enter a short position with a take-profit level at 61.8%. This versatile tool not only enhances entry precision but also helps maximize profits within trending markets.

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Best Trading System “Raitis JMA Ribbon Trading with MACD Daily LSMA Angle Indicator” is a trend following forex strategy based on high accuracy trend and momentum indicators.

• Time Frame: M15 or higher
• Currency Pairs: EURUSD, GBPUSD, USDJPY, and All Major Pairs

 

• Trend Magic
• Raitis JMA Ribbon
• KG 8 Hours LSMA RNP
• MACD with crossing (12, 26, 9)
• Daily LSMA Angle (0.5)
• CCI

 

• Trend Magic blue line
• Raitis JMA Ribbon is blue
• KG 8 Hours LSMA RNP is > of the Trend Magic line
• MACD crosses upward
• Daily LSMA Angle is green
• CCI line above 50 level

 

• Trend Magic red line
• Raitis JMA Ribbon is red
• KG 8 Hours LSMA RNP is < of the Trend Magic line
• MACD crosses downward
• Daily LSMA Angle is green
• CCI line below -50 level

 

• Open a trade when all the indicators are in the same direction and a Daily SMA Angle is green
• Risk Reward Ratio 1:2 or 1:3

DOWNLOAD TRADING SYSTEM

DOWNLOAD TRADING SYSTEM