As we already wrote earlier in previous reviews of strategies, sliding ones are the main indicator on the basis of which various combined tools are built. The period of sliding is individual for each currency pair, but you can create a universal strategy in which you can cover all possible variations of volatility. Someone believes that a lot of lines on the chart should not be. And someone on the contrary thinks that strategies of the “stochastic rope” class give the most accurate signals. Who is right and who is not – a rhetorical question. We offer you an original strategy that uses sliding channels consisting of 8 MAs.

Moving channels and Fibonacci levels

MA Chanels FIBO is a combined indicator that builds channels of 8 MA on either side of the main one. The distances between the lines are adjusted by the coefficients of Fibonacci levels, which are considered psychological. In other words, it is an indicator that turns Fibonacci lines into flexible levels, along which the boundaries of channels are built with the help of sliding ones. The principle of the strategy is classical: if a rebound occurs from the channel borders, we open a deal in its direction. If there was a breakdown, then we are waiting for the next flexible psychological level to touch and again earn a rebound.

Trading Terms:

  • The timeframe is 1 hour or 30 minutes.
  • Asset – GBP / USD.
  • MA Chanels FIBO settings: BarsCount = 1000, MAPeriod = 100, MAMetod = 0, MAPrice = 0.

Conditions for opening a long position:

  • 5 or more candles are under the lines of the channels, then the first two lines are broken through and the price turns again outside the channel.
  • A trade is opened when the price touches the lower level of 61.8.
  • Stop set at a distance of 20 points. The deal closes with a trailing length of 20 points.

Write in the comments that you want to get the template of the indicator “Channels of the sliding” MA Chanels FIBO, indicating the e-mail. And we will send it to you in the shortest possible time.

If after the closing of the transaction, a few candles closed below the “61.8” mark, wait for the return to the channel between 50 and 38.2 and only then wait for new signals for the long position. The essence is clear: work on the most significant levels.

Conditions for opening a short position:

  • A trade is opened when the price touches the top level of 61.8.
  • Stop set at a distance of 20 points. The deal closes with a trailing length of 20 points.

As practice shows, the stop can be triggered relatively often, but it is small and the profit covers the potential loss. If the price is for a long time near the level of 61.8, then wait until it returns to the middle of the channel or moves to the opposite border. There is also the problem of redrawing, because the strategy should be attributed to high-risk. Although the sliding channels operate on the same principles as the Fibonacci levels, the accuracy of the signals is average. But nevertheless, this is another one of the variants of interesting indicators and strategies based on it. We hope you enjoy the strategy. We are waiting for feedback about it in the comments!

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