Fibo Machine Pro indicator: a ready-made semi-automatic trading system

Fibo Machine Pro indicator is based on a grid of Fibonacci extensionswhich has long been popular with traders around the world.

Fibo Machine Pro indicator displays on the price chart of the currency pair the point of entry into the transaction, the level of stop-loss order installation, as well as three levels of take profit (conservative, standard and aggressive).

In addition, the indicator Fibo Machine Pro displays on the chart text information about the currency pair, timeframe, digital values of the entry point, stop loss and take profit orders, the direction and strength of the trend, as well as the time to the end of the current candle.

Features of using the Fibo Machine Pro indicator

Fibo Machine Pro indicator has a number of features, knowledge and understanding of which will significantly increase the effectiveness of its use:

• The best time to open a position is when corrections on a strong trend.
• Fibo Machine Pro indicator signals must be confirmed by graphical analysis: trend lines, price channel, etc.
• The aggressive method of setting take profit orders justifies itself only in long-term trading. It is recommended to be guided by the standard and conservative methods of taking profit.
• Very often the indicator marks the place of stop-loss order installation too close to the entry point. It is recommended to use the classic method of setting a stop-loss: above/below the previous local maximum/minimum.
• Using the Fibo Machine Pro indicator on junior timeframes leads to a large number of false signals. The author recommends using it on TFs from M30. We believe that it would be optimal to use timeframes from H4 and above.

Fibo Machine Pro indicator - is, in fact, a ready-made semi-automatic trading strategy. However, it is always worth remembering that any indicator is only a trader's assistant to make trading decisions. Therefore, you should not blindly enter only on the signals of the Fibo Machine Pro indicator.

Download Fibo Machine Pro indicator

Other popular trading indicators