Algo Fibonacci Scalper System

Algo Fibonacci Scalper System

How to Use Algo Fibonacci Scalper System
A Blue arrow represents a buy signal.
A Pink arrow represents a sell signal.
Buy
The Dashboard window “Analysis” must display “Buy Only” and the Fibonacci Algo Scalper indicator draws a Blue buy arrow on the chart. Place stop-loss below the most recent swing low price.

Sell
The Dashboard window “Analysis” must display “Sell Only” and the Fibonacci Algo Scalper indicator draws a Pink sell arrow on the chart. Place stop-loss above the most recent swing high price.

Take Profit
Take profit when an opposite Fibonacci Algo Scalper trading signal pops up on the chart or Close the open buy or sell trade at a predetermined take profit level.
For instance, close the trade when the price moves 15-35 pips in the 5-minute chart or 40-100 pips in the hourly chart.