Hit and Run Strategy

Rules:

1. Wait For A Trend (Color) Change on Non-Lag Dot (Setting 24) (Must Be Following A Closed Bar And Closed Color Change)
- Lowest Valid Time Frame For This is 15 Min Chart!
2. Pull Fib Retracement From The Low or High Prior To Trend Change (Depending On The Direction)
- Bullish pull from the low
- Bearish pull from the high
3. Wait For Price To Pullback To At LEAST 50% Following The Trend Change
- If working on a higher time frame drop to 5 min or 15 min
4. Buy or Sell Following A Bounce Off The Fib Levels

Entry Rules:

1. After There Is A Reaction Off The Fib Levels. Put A Buy Stop Or Sell Stop At A Set Number Of Pips Above The Low Or Below The High Of The Bounce or Reaction (This is going to create an entry similar to a Renko Chart Without Using Renko Charts). So A Fixed Number of Pips After The Bounce.
2 There are many ways to enter a trade. This is just one idea that I believe is good for this type of setup.



Exit Rules:

1. First Profit at -24%
2. Runner or -62%

Stop:

1. Above Or Below The Most Recent High Or Low
2. OR NLD (Non-Lag Dot) Color Change

Fib Levels
- 0%
- 100%
- 50%
- 62%
- 70%
- 79%
- (-24%)
- (-62%)

I anticipate this will be a bit confusing to many. If you have never used Fibonacci tool, it will take some practice. It should sink in with practice over a couple weeks. I will post many charts to explain. I'll probably do some videos as well at some point.

Enjoy

Well I had about 10 charts posted and they disappeared on posting thread. Not sure if they get reviewed first?

Rule #1



Rule #2



Rule # 3 And Drop A Time Frame 5 Min



Rule #4




The Main Reason To Drop A Time Frame is To Zoom In On Where The High And Low Is. Also, To Measure There Fixed Entry At X Pips.

30 Min Eur/Usd In Play



Zoom 5 Min

please post template file

Share template and indicator

Watching NLD indy on M1 now. Looking for repaint. I know NLMA repaints all the time. In your observation, have you seen any repaint once candle has closed? Thanks.

What fib levels (on your chart) are R1, R2 & R3?

On rule 1 you have to wait for a closed bar and closed color change. It will repaint intrabar.

Fib Levels
- 0%
- 100%
- 50%
- 62% (R1)
- 70% (R2)
- 79% (R3)
- (-24%) (T1)
- (-62%) (T2)

Trivia time: Are your "R" levels based on ICT (Michael Huddleston)?

And, do you have a preference in selection of High, in situation on this EJ H4 Chart?

I would say either high is valid. I would draw both. Then as long as it touches the 50% its a setup.

I guess yea I did review his levels but the only one that is unique to him is the 70%. And I generally disagree with how he draws his fibs. And (ICT) he doesn't think 50% is significant.

All that matters here is that it touches a 50%. Everything is just the range of where it can price can reach. Technically it could even reach the 100%, and still be valid as long as the NLD color doesn't change.

On a 4Hour Chart I would use a bigger Pip Entry Stop Order

Initially this confused me a bit, although I knew what you intended.

Under "Entry Rules:", on #1, here is a change (in Bold) of what I assume to be what you meant.

1. After There Is A Reaction Off of The Fib Levels. Put A Buy Stop Or Sell Stop At A Set Number Of Pips Above The Low, Or (Below The) High Of The Bounce or Reaction (This is going to create an entry similar to a Renko Chart Without Using Renko Charts). So A Fixed Number of Pips After The Bounce.

If I'm too nit picky, a simple STFU will suffice...

I liked the title of the thread ( HIT AND RUN ) as its my style ,

BUT when i saw to many rules to hit and run i realized it will not help my style

i am sure its me the issue here not your strategy , wish you the best of hits boss

I'm guessing that in the case that price simply meanders for several bars, before retrace for entry, that the odds of success diminish.

once the color changed to red that fib draw is invalid. The proper draw on this chart now would be to pull from that recent higher low to the current price high and wait for a pullback in that range.

Hi, love your strategy kindly post all the indicator here got NLD but need Fibo setup indicator. Thanks

Hey - On your Fibonacci Tool Settings add these inputs:

Fib Levels
- 0%
- 100%
- 50%
- 62%
- 70%
- 79%
- (-24%)
- (-62%)