Fib Retracement + EMA and Multi-Level BodyX Filter

Who This Strategy is For

-Traders seeking a straightforward, time-efficient approach to the markets.

Ideal for:

-Those with limited time to monitor the markets.
-Traders who prefer not to wait for the market to form patterns.
-Beginners still learning to identify market structure.

Core Strategy Components:

-Leverages bounces from Fibonacci retracement levels combined with a 200 EMA trend filter for precision and reliability.

Reviewing Simulated Trades:

To get the best results, simply optimize for "Balance" and "Drawdown" or "Profit Factor" and "Total Trades" on major and minor pairs, then trade the markets that meet your performance standards. Reviewing simulated trades and identifying repeating patterns is crucial for refining your approach.

Below is a collage of simulated trades taken by this system, which serves as a visual guide to help you identify ideal setups. These examples will help you recognize which trades to hold onto and which to close early, ensuring you can fully benefit from the strategy's potential.

Alerts

-An alert is sent when the price meets the criteria for a potential trade, making it easy to spot opportunities without constant market monitoring.

Key Tip

-Cherry-picking signal alerts can greatly maximize success with this strategy.

Symbols: FOREX MAJOR MINOR
Created 29 Dec 24
Modified 18 Mar 25 11:22
Header

General FOREX MAJOR MINOR

Fib Retracement + EMA and Multi-Level BodyX Filter

Who This Strategy is For

-Traders seeking a straightforward, time-efficient approach to the markets.

Ideal for:

-Those with limited time to monitor the markets.
-Traders who prefer not to wait for the market to form patterns.
-Beginners still learning to identify market structure.

Core Strategy Components:

-Leverages bounces from Fibonacci retracement levels combined with a 200 EMA trend filter for precision and reliability.

Reviewing Simulated Trades:

To get the best results, simply optimize for "Balance" and "Drawdown" or "Profit Factor" and "Total Trades" on major and minor pairs, then trade the markets that meet your performance standards. Reviewing simulated trades and identifying repeating patterns is crucial for refining your approach.

Below is a collage of simulated trades taken by this system, which serves as a visual guide to help you identify ideal setups. These examples will help you recognize which trades to hold onto and which to close early, ensuring you can fully benefit from the strategy's potential.

Alerts

-An alert is sent when the price meets the criteria for a potential trade, making it easy to spot opportunities without constant market monitoring.

Key Tip

-Cherry-picking signal alerts can greatly maximize success with this strategy.

Sam Northen

fib-ema-bodyx-all-levels.set

FOREX, MAJOR, MINOR

Yes

Scripts
Signal('AutoFib1') == Bullish && Ask() > FibPrice('AutoFib1',0.762) && Low() <= LL(15) && Ask() < HH(10) && Close(1) > MA1(1,0) && BodyX(440,FibPrice('AutoFib1',0.236)) <= VAR1 && BodyX(440,FibPrice('AutoFib1',0.382)) <= VAR1 && BodyX(440,FibPrice('AutoFib1',0.5)) <= VAR1 && BodyX(440,FibPrice('AutoFib1',0.618)) <= VAR1 && BodyX(440,FibPrice('AutoFib1',0.762)) <= VAR1 ? Ask() : 0

Ask() - (ATR1() * VAR0)

Signal('AutoFib1') == Bearish && FibPrice('AutoFib1',0.762) > Bid() && High() >= HH(15) && Bid() > LL(10) && Close(1) < MA1(1,0) && BodyX(440,FibPrice('AutoFib1',0.236)) <= VAR1 && BodyX(440,FibPrice('AutoFib1',0.382)) <= VAR1 && BodyX(440,FibPrice('AutoFib1',0.5)) <= VAR1 && BodyX(440,FibPrice('AutoFib1',0.618)) <= VAR1 && BodyX(440,FibPrice('AutoFib1',0.762)) <= VAR1 ? Bid() : 0

Bid() + (ATR1() * VAR0)
Stop Management
4.00
Exit Management
1.00

false
Custom Indicators
+NTL\ATR(1,14).ex5,0

+NTL\AutoFib(1,'','0.0,0.236,0.382,0.5,0.618,0.762,1.0',10,0,4,50,100,0,1.2,20,40,150,'0.618,0.762',0,0).ex5,0,1,2,3,4,5

+NTL\MA(1,200,1).ex5,0,1,2
User Variables
6;1,2,3,4,5,6,7,8,9,10

15;5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20
Backtesting & Optimisation
100000.00

500

13