Friday, October 22, 2010

Automatic Fibonacci

Hi Guys,

How are you guys doing ? Wish you guys have lots of pips. I was busy practicing my trades. Now its improving everyday. What made me improve ? guess what, its Rules, Rules, Rules. I started to follow the rules and I started to follow my rules and i started to see positive results.

I know that lots of new traders have difficult to draw a good Fibonacci. Here is a cool indicator which can help you on this. This auto Fibonacci draws on the H1 time frame based on the previous day high and low. The values may differ from the manually drawn Fibonacci but the levels are all at the same place. Try it out. I am using it and it has help me on targeting my take profit.


Click the image for a better view

You can download the indicator here

Cheers,
Mike PS