Fibonacci + RSI - Strategy

١٥ مايو ٢٠٢٠

Strategy: Fibonacci + RSI:

- Intraday trading strategy (Scalping).


Time Frames Tested with best Results:

• 30 Minutes.
  
• 5 Minutes.
  
• 15 Minutes.
  
• 1 Minute
  

Indicators Used:

• RSI (30 / 70)
  
• Fibonacci (1 - 0.784)
  

How it Works:
Once the Price Hits the 1 or -1 Fibonacci Level and bounces a little bit, It checks the RSI if Over Bought or Over Sold According to 30 - 70.
If both conditions are satisfied, it triggers a Long or Short Positions.

Further Notes:
- I have put a Stop-loss with a 2% just for further upgrades.
- Not advised to use in High Volatility 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.

Trade wisely.