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What This Indicator Is
This indicator represents a reverse-engineered version of the popular FibsDontLie trading strategy that typically costs traders $100 per month in subscription fees. I've decoded the core mechanics of their EMA-based entry system and made it available for free to the trading community.
The Strategy Explained
The system identifies potential trade entries using two fundamental methods:
The creator of the strategy suggests using 3min/10min timeframe on YM (Dow Jones)
EMA Cross Method: Waits for the 100 EMA to cross above the 200 EMA, then looks for the first pullback to the 100 EMA as an entry opportunity.
EMA Reset Method: Activates when price makes a deeper retracement after an EMA cross. When price dips below the 200 EMA after a bullish cross (or above after a bearish cross), then returns above the 100 EMA, the indicator generates entry signal.
The indicator automatically should be adjusted to the parameters based on the index you're trading (US30, NQ, or SPX) in the settings, with customizable time filtering to focus on the most productive market hours.
Performance Claims vs. Reality
The original strategy creator claims an impressive 87% win rate "if you avoid consolidations" – a significant caveat that introduces discretionary elements not easily programmed.
Without this discretion, they suggest the strategy delivers a 50-65% win rate following signals mechanically.
While these numbers sound promising, our extensive backtesting reveals a different picture.
The raw mechanical signals don't consistently produce the suggested win rates across various market conditions and timeframes.
Why Share This?
My goal is to democratize trading knowledge and allow traders to make informed decisions before investing in expensive subscriptions. This indicator gives you the core mechanics to evaluate whether this approach aligns with your trading style.
Important Disclaimer
This is not financial advice. All trading involves risk. While this indicator reproduces the mechanical aspects of the original strategy, it cannot capture the discretionary elements that may significantly impact performance. Always conduct your own testing and trade responsibly.
Click the link below for comprehensive backtest results that show the strategy's actual performance across different market conditions.
This indicator represents a reverse-engineered version of the popular FibsDontLie trading strategy that typically costs traders $100 per month in subscription fees. I've decoded the core mechanics of their EMA-based entry system and made it available for free to the trading community.
The Strategy Explained
The system identifies potential trade entries using two fundamental methods:
The creator of the strategy suggests using 3min/10min timeframe on YM (Dow Jones)
EMA Cross Method: Waits for the 100 EMA to cross above the 200 EMA, then looks for the first pullback to the 100 EMA as an entry opportunity.
EMA Reset Method: Activates when price makes a deeper retracement after an EMA cross. When price dips below the 200 EMA after a bullish cross (or above after a bearish cross), then returns above the 100 EMA, the indicator generates entry signal.
The indicator automatically should be adjusted to the parameters based on the index you're trading (US30, NQ, or SPX) in the settings, with customizable time filtering to focus on the most productive market hours.
Performance Claims vs. Reality
The original strategy creator claims an impressive 87% win rate "if you avoid consolidations" – a significant caveat that introduces discretionary elements not easily programmed.
Without this discretion, they suggest the strategy delivers a 50-65% win rate following signals mechanically.
While these numbers sound promising, our extensive backtesting reveals a different picture.
The raw mechanical signals don't consistently produce the suggested win rates across various market conditions and timeframes.
Why Share This?
My goal is to democratize trading knowledge and allow traders to make informed decisions before investing in expensive subscriptions. This indicator gives you the core mechanics to evaluate whether this approach aligns with your trading style.
Important Disclaimer
This is not financial advice. All trading involves risk. While this indicator reproduces the mechanical aspects of the original strategy, it cannot capture the discretionary elements that may significantly impact performance. Always conduct your own testing and trade responsibly.
Click the link below for comprehensive backtest results that show the strategy's actual performance across different market conditions.
Nota Keluaran
What This Indicator IsThis indicator represents a reverse-engineered version of the popular FibsDontLie trading strategy that typically costs traders $100 per month in subscription fees. I've decoded the core mechanics of their EMA-based entry system and made it available for free to the trading community.
The Strategy Explained
The system identifies potential trade entries using two fundamental methods:
The creator of the strategy suggests using 3min/10min timeframe on YM (Dow Jones)
EMA Cross Method: Waits for the 100 EMA to cross above the 200 EMA, then looks for the first pullback to the 100 EMA as an entry opportunity.
EMA Reset Method: Activates when price makes a deeper retracement after an EMA cross. When price dips below the 200 EMA after a bullish cross (or above after a bearish cross), then returns above the 100 EMA, the indicator generates entry signal.
The indicator automatically should be adjusted to the parameters based on the index you're trading (US30, NQ, or SPX) in the settings, with customizable time filtering to focus on the most productive market hours.
Performance Claims vs. Reality
The original strategy creator claims an impressive 87% win rate "if you avoid consolidations" – a significant caveat that introduces discretionary elements not easily programmed.
Without this discretion, they suggest the strategy delivers a 50-65% win rate following signals mechanically.
While these numbers sound promising, our extensive backtesting reveals a different picture.
The raw mechanical signals don't consistently produce the suggested win rates across various market conditions and timeframes.
Why Share This?
My goal is to democratize trading knowledge and allow traders to make informed decisions before investing in expensive subscriptions. This indicator gives you the core mechanics to evaluate whether this approach aligns with your trading style.
Important Disclaimer
This is not financial advice. All trading involves risk. While this indicator reproduces the mechanical aspects of the original strategy, it cannot capture the discretionary elements that may significantly impact performance. Always conduct your own testing and trade responsibly.
Click the link below for comprehensive backtest results that show the strategy's actual performance across different market conditions.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Untuk akses pantas pada carta, tambah skrip ini kepada kegemaran anda — ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Untuk akses pantas pada carta, tambah skrip ini kepada kegemaran anda — ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.