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Fibo calc is a powerful VertexFX client side VTL indicator that gives precise entry and exit signals based on Fibonacci levels.The indicator provides precise trading details.
Trend = UP / DOWN
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Specifies whether the price is in uptrend or down-trend. |
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Entry = BUY / SELL @ price
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Specifies whether to enter Buy or Sell trade and the price. |
Stop Loss
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The stop loss where to exit the trade. |
TP 1
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The first take profit level. |
TP 2
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The second take profit level. |
TP 3
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The third take profit level. |
BUY :
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Place Buy position when indicator displays Entry = BUY @ price. Place stop-loss at the specified value. Place take-profit at TP1, TP2 and TP3 according to your risk profile. Trailing stop method can be employed. When TP1 is hit, the stop-loss can be moved to entry, when TP2 is hit, the stop-loss can be moved to TP1 and when TP3 is hit the stop-loss can be moved to TP2.
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SELL :
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Place Sell position when indicator displays Entry = SELL @ price. Place stop-loss at specified value. Place take-profit at TP1, TP2 and TP3 according to your risk profile. Trailing stop method can be employed. When TP1 is hit, the stop-loss can be moved to entry, when TP2 is hit, the stop-loss can be moved to TP1 and when TP3 is hit the stop-loss can be moved to TP2. |
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