The idea is to move the chart forward slowly to see the trade's outcome and then document the result. After doing so, move your chart forward from candlestick to candlestick to see the result. Then, plot the chart like you would have done if you were to trade the move when it initially happened. In this case, the Fibonacci retracement tool and the trend line. When you see a relevant setup, you should use the tools and indicators you wish to test on the chart.You can then look for trends on the one-hour chart to see the possibility of a trend continuation after a retracement that meets your set requirements. In the case of BTCUSD, you can start from as far back as 2013. Since you now have a strategy, the next thing is to scroll back to where you want to start the backtest.The 61.8% Fibonacci level must also form a confluence with the trendline to validate the move. For example, your strategy could be to trade trend rebounds (either bearish or bullish) on BTCUSD on a one-hour time frame after the price bounces off the 61.8% level using the Fibonacci retracement tool. You must also decide on the tools and indicators you want to use.
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