My strategy:
Instruments
1h charts
Parabolic SAR 0.005
MACD 5,13,1
Fibonacci retracement
Supports and resistances...
Signals
Parabolic SAR changes direction...
Await for 68.1 retracement
Filters (the difficult part)
Divergence detected before in previous parabolic SAR...
Support or resistance line must be broken before * Identify that level before, I usually use short time... *
Half order must be target at 100 fibo... SL set to Parabolic SAR at first or it can be fibo 23.6 + 5 pips after first TP is reached..
Rest of order is left to TP at 261.8 extension or it can be closed at 168.1 extension (if divergence appears) or when Parabolic SAR changes again...
Optional I can reenter when another retracement apperars... allways inside 168.1 initial fibo expansion... more than that is more risky...
Win 60% - Of them 40% closed half position at 100 fibo... 40% at 161.8... and 20% at 261.8
Loss 40% ...
Not suitable for pairs with high spread... I prefer majors...
Example:
Instruments
1h charts
Parabolic SAR 0.005
MACD 5,13,1
Fibonacci retracement
Supports and resistances...
Signals
Parabolic SAR changes direction...
Await for 68.1 retracement
Filters (the difficult part)
Divergence detected before in previous parabolic SAR...
Support or resistance line must be broken before * Identify that level before, I usually use short time... *
Half order must be target at 100 fibo... SL set to Parabolic SAR at first or it can be fibo 23.6 + 5 pips after first TP is reached..
Rest of order is left to TP at 261.8 extension or it can be closed at 168.1 extension (if divergence appears) or when Parabolic SAR changes again...
Optional I can reenter when another retracement apperars... allways inside 168.1 initial fibo expansion... more than that is more risky...
Win 60% - Of them 40% closed half position at 100 fibo... 40% at 161.8... and 20% at 261.8
Loss 40% ...
Not suitable for pairs with high spread... I prefer majors...
Example:
... All good things come to those who wait... 
