416# Fibo Pivots Scalping System
Fibo Pivots Scalping
Submit by Harry 18/02/2014
Fibo Pivots Scalping System is an intraday scalping strategy trend following. It'is based on Fibo Pivots levels.
Time Frame 1 min.
Currency pairs: EUR/USD, GBP USD, AUD/USD, USD/CHF, GBP/GPY and Gold.
Metatrader Indicators:
Exponential moving average 55 periods (close),
Exponential moving average 200 periods (close),
Arrow
ArrZZx2 Support and resistamce indicator.
Rules for Fibo Pivots Scalping System
If the price is above the central Fibo Pivots line only buy
If the price is below the central Fibo Pivots line only sell
Long Entry
Exponential Moving Average 55 periods (EMA) > Exponential Moving Average 200 periods (EMA) ;
Arrow buy blue color.
ArrZZx2 indicator draws Support.
Short Entry
Exponential Moving Average 55 periods (EMA) < Exponential Moving Average 200 periods (EMA) ;
Arrow sell red color.
ArrZZx2 indicator draws resistance.
Exit Position options:
-
At the opposite arrow,
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Whit fast profit target,
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at the Fibo pivots points levels
In the pictures Fibo Pivots scalping system in action.
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