
Fibo Machine Pro Forex System
Trading Systems Last update: August 16, 2024The Fibo Machine Pro Forex System is a relatively new indicator in the market providing traders exact forex entry points and exit points for maximum profit by displaying Smart Fibonacci Levels right on your activity chart.
The Fibonacci is a special sequence of numbers that can be used in many ways but it has proven to work especially well in the forex market.
The ultimate formula used in the Fibo Machine Pro indicator combines the Fibonacci numbers sequence with special unique formulas and trading secrets to generate the most profitable signal and take profit levels for you.
The Fibo Machine Pro indicator is designed to work on M15, M30, H1, H4, and D1 timeframes, and most importantly, it does not repaint. It has higher profitability with EURUSD, GBPUSD, USDJPY, EURJPY, GBPJPY, USDCHF, and USDCAD currency pairs.
How to apply this fibo machine in trading?
Trading Rules Explanation
The Fibo Machine Pro Forex System has a user-friendly interface. In the top left corner of the chart, the indicator displays exact target levels, trend direction, and even time until the next candle. In addition, entry-level, stop loss level and three take profits levels are displayed on your chart. Therefore, it boils down to your preference and trading experience which one to use as taking profit level.
Safe Take Profit: This level is suitable for traders who are either new to forex, Fibonacci analysis, or are freshly testing out the indicator. It offers a safe and controlled trading setup.
Medium Take Profit: This is the natural progression from the safe take profit level and is a level to aim for in order to achieve optimal profitability by using the correct Risk/Reward ratio.
Aggressive Take Profit: This level should be used in rare cases only when the trend is extremely strong. That level provided by the indicator shows potentially the largest profit opportunity, but it also comes with the highest risk.