每日高/低斐波那契交易 (Daily hi/low fib trading)

Hi everyone-

I wanted a set and forget system that combined profit targets with appropriate stops. After reading the daily95 tread and some other treads, I came up with this idea.

You take the hi/ low from yesterday and you calculate the 38 fib level. You than set your stop orders. I take my levels at 19:00 GMT.

Long= yesterday's high + spread + 2
Long TP= yesterday's high + 38 fib level
Long SL= yesterday's high - 38 fib level

Short= yesterday's low - 2
Short TP= yesterday's low- spread - 38 fib level
Short SL= yesterday's low+ spread + 38 fib level

The key to this is consistency. I don't like the idea of a X amount of pips for TP and SL because each currency behaves a little differently. IMO the fib levels provide more accurate targets. As of now, I will be comparing the results of the 38 vs. 61 fib level profit targets with a 38 stop loss.

Please feel free to contribute, criticize, or just read along as the tread evolves.