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Fibonacci + RSI - Strategy

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Strategy: Fibonacci + RSI:

- Intraday trading strategy (Scalping).


Time Frames Tested with best Results:
  • 30 Minutes.
  • 5 Minutes.
  • 15 Minutes.
  • 1 Minute



Indicators Used:

  • RSI (30 / 70)
  • Fibonacci (1 - 0.784)


How it Works:
Once the Price Hits the 1 or -1 Fibonacci Level and bounces a little bit, It checks the RSI if Over Bought or Over Sold According to 30 - 70.
If both conditions are satisfied, it triggers a Long or Short Positions.

Further Notes:
- I have put a Stop-loss with a 2% just for further upgrades.
- Not advised to use in High Volatility Markets.
- No Repaint was observed during a 2-Weeks Tests.


If you have any suggestions or modifications please contact to add.
If you have observed any bad behavior please contact to fix.

Trade wisely.

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.