Basics of Gold Forex System:
Timeframe H1 and the 4 major pairs as EURUSD, USDCHF, USDJPY, GBPUSD.
- We buy or sell when the donchian indicator crosses the 2 fib lines.
- We put the stop loss at the latest swing high or low. We can use psar to help.
- The take profit should be the lines from the 9square.
But I personally take the trend from the beginning at the cross and I go opposite at the cross in the other side. So my trades never sleep. I’m in at every cross. I hope this will help. The average of pips per trade is 250 pips. Sometimes we can expect 800 pips per trade.
The best advise I can give users is that if we get a signal on Friday night, don’t open the trade because we never know what will happen when market will open. Just wait on Monday.
buy zone fibs.mq4
rsi chart bars.mq4
sell zone fibs.mq4