Fibonacci expansion method for trading

[Sesiresrttes]

Hello everyone, my new trading strategy is based on the rebound from the bottom or correction from the maximum price.Until now, I have tried and state operating with this strategy in Xau, crude oil, S&P500, wheat and coffee.Let me explain the details of the strategy with examples.Let's start with the Xauusd.Now gold is at 1275 and the highest point is 1278. Now I put an outstanding order of sale in 1268 (10 points below the highest recent price

[axnox1920]

Citing thanks for your efforts but the Backtest period since March 2016 is very short, for such a strategy you should make a backtest of at least one year to understand the drawdown thanks

[AxrchoSis]

Citing hello to all, my new trading strategy is based on the rebound from the bottom or correction from the maximum price.Until now, I have tried and state operating with this strategy in Xau, crude oil, S&P500, wheat and coffee.Let me explain the details of the strategy with examples.Let's start with the Xauusd.Now gold is at 1275 and the highest point is 1278. Now I put an outstanding order of sale in 1268 (10 points below the highest recent price

[Sesiresrttes]

In fact, the main trend does not affect me much.To test this strategy, you should use a graph of 30 minutes or 1 hour to clearly identify the low and high points.On the attached Excel sheet, you can see the details of the positions.Since the beginning of March 2016, I have had 20 long and 17 successful positions.Since gold moves at least $ 20, you can get out of the position with profits.Citing {quote} Hello Masis;Be careful with any type of backtest you do, because it doesn't matter how much you go back in time, you will always be making backtest with a bias.In this case, your bias is bullish, and what would happen if the next three months produce a bearish bias?

[Tuchirru1111]

In fact, the main trend does not affect me much.To test this strategy, you should use a graph of 30 minutes or 1 hour to clearly identify the low and high points.On the attached Excel sheet, you can see the details of the positions.Since the beginning of March 2016, I have had 20 long and 17 successful positions.Since gold moves at least $ 20, you can get out of the position with profits.{quote} {file} You can operate with bandaged eyes whenever the price rises and falls.Unfortunately, that does not last.It may seem that you do it because you are looking at very long, but eventually collapse and will consolidate charts.Unless you can see that coming, you will lose all your profits in the next false movement.Good luck you cannot be extraordinary being normal [stirred by moderator] ok ok