Kim Signals with Fibonacci Strategy For MT4
The Kim Signals with Fibonacci Strategy For MT4 is designed for the intermediate and advanced traders. But those who have the tenacity to learn new things can use this method and take serious advantage even though they have less experience.
Experience does have value but human being have this amazing power to educate themselves properly that can help them to excel in a particular segment within a short time. Kim signals and Bobokus fibo are the prime tools used for the creation of this strategy. Before you jump-start, you should learn about the market dynamics and trade with this system in a demo environment. The reason to choose a paper trading account is nothing but to ease the stress in the learning period.
The Fibonacci trading method is more like a trend trading riding technique that focuses on the endpoint of the trend. Those who can choose the endpoint of retracement can easily earn huge profits as the trade will become a part of the trend. But knowing about the trend trading method is easy but holding on to the position for days or weeks is tough. So, this system will test your patience level.
Those who can pass will no longer require any other strategy as the system can provide enough to support your life. It might be a profitable strategy, yet the stakes should below so that you can manage the risk. Let’s learn some key methods by which we can take our trade and place quality trades with this edge.
Long trade setup
When we expect the price of the financial instrument will go up, we go long. Buying the asset in the technical term is called long trade. Though its Fibonacci ratio based edge, the time frame doesn’t matter as long as you follow our steps. Look for the obvious uptrend and emphasize the recent move and the analytical chart data to find the trend.
Upon the identification of the trend, it’s time to wait for the green arrow mark. Usually, the green arrow appears when the price has difficulties in breaking below the critical support level. So, when the price hits the support level, don’t be anxious to take the long trade, rather wait patiently and see if you can spot any bullish PA. If not, you should wait till the green arrow generates in the chart.
When the green arrow is spotted, you should be opening the long trade with an SL below the candle that has the green arrow. TP should be twice the risk amount. But pro investors prefer to ride the trend by taking benefit of trialing stops. The use of the trailing stops is a hectic task you will not know many features.
However, the paper trading account can help in this context. With your paper money, you can test different trading techniques and see how to maximize the profit in the market. Though it should be a simple task the traders often get lost as they don’t have the patience level to wait for the arrow.
Short trade setup
The trend needs to be down for the short trade. The template will draw the important fibo levels and you can take trade in any of these levels depending on the arrow mark. Remember, when a support level is broken it becomes a strong resistance, and shorting at that level is nothing but a wise decision.
To establish yourself as a professional trader, you should learn to trade with discipline. Stop taking the trades in the higher time frame and try to use your intellect so that you can boost up the profit potential and earn huge money without losing too much. The red arrow should be represented when you short the asset.
The investors who ignore the red arrow don’t know the significance of it. Usually, the price action traders look for the PA pattern at the fibo level to trade the asset. But learning the technique of price action can be challenging for certain individuals. The arrow mark is more like the filter for the price action signal. Spotting the bearish arrow above any candle suggests, we have a bearish PA signal at an important level.
You can evaluate the pattern formations at the red and green arrow. It won’t be tough to see the prominent price action pattern that reveals themselves at an important level. When you use this method, be advised, you should not take too much risk to push your trading to the next stage.
Follow the conservative style and try to trade this market in a very reserve way so that you won’t lose too much money. Stay low in terms of risk factors and try to get used to this method. And for managing the trades read the last segment of this guide.
Trade management technique
Managing trades with this system is a very easy task. If you can do the things in the right manner, you can risk 2% or even three perfect of the balance. But the condition of the market plays an important role. Let’s say, you want to trade the indices. So, you can’t trade the market with very tight stops.
At least 20 pips should be added to your desired stop level so that the market gets enough space to breathe. The same rules apply for trading the stock. As a new user, you should trade the Forex majors only as it will give you the added advantage to secure the profit from this market. But those who don’t have the skills to analyze the critical market data, should not trade the stocks and indices.
They should avoid taking the trades in the synthetic pairs also. The selection of the financial market is the most important factor to secure the profit. After you have decided on the market, it’s time to select the asset. Based on the asset volatility, you must determine how much money can afford to risk in this system.
So, be careful with the trading model. The system is well balanced but due to minor mistakes of the traders, it becomes a tough job for the retail traders to earn consistent profit from this market. To ensure the safety of the capital, you must follow these rules, and only then you can earn a decent amount of money.
Download the complete system description and the files here: