Welcome to my Fibo Machine Pro forex trading system review. Fibo Machine Pro is a forex trading indicator for MetaTrader 4 that is based on the popular and widely used Fibonacci levels. These Fibonacci levels are considered by many to show where price is likely to react – it could be a breakout or a reversal. This forex trading system displays Smart Fibonacci Levels right on your chart. It contains everything you need to start using a manual trading strategy without needing any previous experience of Fibonacci levels.
Fibo Machine Pro Trading Strategy
Fibonacci is a special sequence of numbers that are found in many aspects of life. That is the reason why so many forex traders around the world use them on a daily basis. Fibo Machine Pro forex trading system uses these Fibonacci levels to try and give you an advantage with every trade.
The Fibo Machine Pro forex trading system combines the Fibonacci numbers sequence with additional unique formulas creating the “ultimate Fibonacci formula” to generate potential entry and exit signals for you.
It can give you ideas of where to enter and give you multiple take profit levels for you to exit the position completely, close part of the position and/or utilise a trailing stop. It even includes MetaTrader 4 pop up alerts for signals, email alerts and SMS alerts.
You do not need to take every forex signal that it generates nor do you have to use the levels they show. I would add my own chart analysis to further filter the signals and also aim for a positive risk to reward ratio of at least 1:3 so that my winning trades are 3 times greater than my losing trades.
Fibo Machine Pro Summary
Fibo Machine Pro is a unique trading system that uses Fibonacci numbers. It is designed for the MetaTrader 4 trading platform and contains instructions with screenshots, chart templates and indicators. It is very easy to setup and use with the added benefit of alerts so you do not need to constantly watch the charts. You can run it on multiple currency pairs and time frames to generate as many trading signals as you need. You also have a money back guarantee and full support included.