- Intraday trading strategy (Scalping).
Time Frames Tested with best Results:
- 30 Minutes.
- 5 Minutes.
- 15 Minutes.
- 1 Minute
How it Works:
Once the Price Hits the 1 or -1 Fibonacci Level and bounces a little bit, It checks the if Over Bought or Over Sold According to 30 - 70.
If both conditions are satisfied, it triggers a Long or Short Positions.
- I have put a Stop-loss with a 2% just for further upgrades.
- Not advised to use in High 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.
probably its a little bit strict in the rules that this particular stock has not met for the past few months.. but i will take a look on that.