Forex Fibonacci Reversal for Trading Chaos MT4 Indicator

Forex Fibonacci Reversal for Trading Chaos MT4 Indicator:

About the Forex Fibonacci Reversal for Trading Chaos MT4 Indicator

The indicator is standalone on the chart and works on any timeframes, auto fibonacci retracement, extension & expansion tools glue together with 5/34/5 Profitunity MACD inside.

Whats the goals ?

Magic Bullets that will kill most trend! ( a book from Bill Williams, Trading Chaos 1st Edition )
Read the market with the Elliott wave movement using 5/34/5 Profitunity MACD
To find wave3 & wave5 as a profit target with fibonacci extension ( a book from Robert Fischer – Fibonacci Applications And Strategies For Traders )
Trading reversal with small loss and higher profit with objectives trading strategy always!

 

WARNING :

Because this is not a black box system, it is difficult to backtest THE INDICATOR DOESN’T WORK ON STRATEGY TESTER!

To master this system perfectly the user is expected to have read the two books above before.

Test results:

Forex Fibonacci Reversal for Trading Chaos MT4 Indicator

Copy and paste the file into the MQL4 Indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

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