When it comes to Forex Trading, the right tools can make a significant difference. One such tool that has been making waves in the currency market is the Super Fibo Idea. This unique tool combines the power of a custom-made Fibonacci retracement and a scanning system on previous highs and lows, creating a robust Forex Strategy. This article provides a comprehensive review of the Super Fibo Idea and its optional Trading Panel.
Super Fibo Idea: An Overview
The Super Fibo Idea is a unique tool designed for the Forex Market. It combines two essential tools: a custom made Fibonacci retracement and a scanning system on previous highs and lows. This combination creates two areas for buying and selling, allowing traders to filter entry points effectively and maximize profits.
Optional Trading Panel: A Unique Addition
One of the standout features of the Super Fibo Idea is the optional trading panel. This panel is situated on the left side of the chart, equipped with Sell and Buy buttons. This feature allows traders to initiate trades manually if they wish. Once a trade has been initiated, the Expert Advisor (EA) then takes over management. This feature is optional and the EA can operate fully automatically, but for those who want some additional control, the panel provides an excellent option.
Optimization and User Customization
The buy and sell areas within the Super Fibo Idea can be tailored by the user to fit their trading preferences. Furthermore, the tool is optimized for low spread brokers, ensuring optimal performance under different market conditions. It’s also recommended to have a balance of $1500 or more to leverage the full potential of the tool. The default set trades Gold (XAUUSD), but it can be optimized for FX pairs with a simple set file.
The Intricacies of Super Fibo Idea
The Super Fibo Idea comes with numerous inputs, each designed to optimize trading. These include the starting lot and the starting lot of the second position, a multiplier for the martingale after the second position, and the maximum lot size a position can have. Other parameters include the minimum distance in pips between trades, the stop loss for each position, and a feature that closes all positions if the loss exceeds a predetermined negative value. The tool also offers a ‘Max Sells’ and ‘Max Buys’ function, setting a limit on sell and buy positions.
FAQs about Super Fibo Idea
What is the Super Fibo Idea?
The Super Fibo Idea is a Forex Trading tool that combines a custom-made Fibonacci retracement and a scanning system on previous highs and lows. This combination creates buy and sell areas, enabling traders to filter entry points effectively.
What is the optional Trading Panel in Super Fibo Idea?
The optional Trading Panel in Super Fibo Idea is a feature that allows traders to manually initiate trades. Once a trade is initiated, the Expert Advisor (EA) handles the rest.
Can the Super Fibo Idea be customized?
Yes, the buy and sell areas in the Super Fibo Idea can be tailored by the user to suit their specific trading needs and preferences.
Where can I find independent testing of the Super Fibo Idea?
Independent testing of the Super Fibo Idea can be found on the forexroboteasy.com website. You can also subscribe to updates on the results of testing this product on the same site.
In conclusion, the Super Fibo Idea is an innovative Forex Trading tool that combines two essential trading tools, offering an optional trading panel for enhanced control. This tool, with its customizable parameters, provides a new approach to navigating the currency market. We invite readers who have used the Super Fibo Idea to share their experiences to further enrich this review.
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