Fibo Scalping


7b is perfectly suited for this task, as the platform provides an opportunity to make a large number of trans instantly and without delay. 1-minute time frame is of interest to experienced traders. It displays the live reaction of the market to the changes taking place. However, on the 1-minute time frame, traders are often confused and led to false signals. In turn, larger time frames are more stable, but fewer signals fall, respectively, there are fewer opportunities for making deals.


As you can see, FXOpen is number one in this category so the best broker for scalping EUR/USD with the lowest spread + commission. Luckily, we didn’t see any meaningful change in the results from week to week, especially in the rankings. The spreads + commissions fluctuated sporadically but the rankings of the brokers stayed steady during the entire period of the study. Their spreads + commission are better compared to the first time that we tested and examined this broker, however, they have a combination of low spreads on some pairs and higher on others.

Fibo Forex Trading Scalping Strategy

You can also select between regulated, unregulated, and all brokers, however, this feature doesn’t work completely properly. Admiral market was founded in 2001 and is highly regulated. It’s regulated by two tier-1 and one tier-2 regulatory bodies. Profit Target 5-8 pips for each trade but close everything on reaching the first target.

  • To this end, the Relative Strength Index indicator is a scalper’s best friend.
  • Submit by joy22.CCI NRPMQ4 Scalping is a quantum forex scalping strategy inspired by the theory of quantum mechanics of …
  • The signal to short sell arises when the RSI indicator is crossing 70 from the overbought region while the price is bouncing off the upper Bollinger Band.
  • Similarly, the price charts could be forming lower lows while the RSI is forming higher lows.
  • Still, the arrows are used as potential entry points into the trade.

There are a few regulated forex brokers that when you set the regulated feature, the tool doesn’t show them. That’s why I had to double-check some brokers to see if they are regulated. Anyway, we are not going to talk about different features of the website here but there is a section on the website that is very helpful for analyzing and finding the best forex brokers for scalping. What I like about this broker other than being well-regulated is its transparency. They release everything from spreads to execution speed and slippage , however, the execution speed on their website is far from our test, ours still good though .

Another thing that makes the ECN account of this broker attractive is that you can open an ECN account with only $10 so it’s a suitable broker for scalping with very small accounts. Roboforex was established in 2009 and is regulated by one tier-2 regulatory body and one tier-3 so it’s considered safe. It has several types of accounts but the one that the results of our study are based on is the ECN one. In simple words, the larger lot size you trade and the larger equity you have in your account the lower commission you pay. 8 periods moving average should move below 21 periods moving average.

min scalping with Fibo Quantum Channel

They had to be regulated by a tire-2 regulatory body at the least. FXOpen, FP Markets, and Roboforex are the top three brokers in this category and have the best spreads for USD/CHF. There’s a close competition between some forex brokers in the middle part of the list. However, as I mentioned earlier, this kind of commission is when you trade larger lot size so for smaller size accounts, you’ll probably see around another 0.2 lots and pay something like 0.7 for this pair. All the others also have competitive spreads and commissions on this pair, less than 1 pip, except Intertrader.

spreads +

Since the data for those two brokers aren’t provided by an unbiased third party, we can’t confirm the unbiasedness of that. We gathered the data every 48 hours and at the end of the month, we calculate the average of them to reach the final results. Turned out two of the good ones, Swiss market and BD Swiss, don’t allow scalping — actually they are both under BD organization so technically they are from the same company. We found more brokers but we thought not all of them would accept scalping so we started asking them one by one.

Trend Following Using Fibonacci Levels

My team and I have spent a considerable amount of time researching, developing and optimizing Fibo Quantum Scalper, one of the best and most reliable Fibonacci Indicators we ever created. Traders following Fibonacci sequences and The Golden Mean have found ways to use this information to predict where the price will go with an unbeatable accuracy. The sequence was discovered in the 13th century by Leonardo de Pisa who was amongst the most talented mathematicians of the Middle Age.

At my leisure, I love attending live music, traveling, and partying with friends. The essence of this forex strategy is to transform the accumulated history data and trading signals. Submit by joy22.CCI NRPMQ4 Scalping is a quantum forex scalping strategy inspired by the theory of quantum mechanics of … Fibonacci retracements use horizontal lines to indicate areas of support or resistance at the key Fibonacci levels before it continues in the original direction. These levels are created by drawing a trendline between two extreme points and then dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8% and 100%.

it’s considered safe

Recommended by Tammy Da Costa Traits of Successful Traders Get My GuideOnce the key levels have been defined, a shorter time frame may then be used when seeking entry/exit signals. This article will discuss how Fibonacci levels can be incorporated into a short-term approach by day-traders or scalpers. If the histograms of the FIBO_S custom indicator realigns above the 0.00 signal level, it is a trigger to exit or take profit accordingly.

The broker is headquartered in New Zealand which explains why it has flown under the radar for a few years but it is a great broker that is now building a global following. The BlackBull Markets site is intuitive and easy to use, making it an ideal choice for beginners. This time, however, only two points need to be selected on a price chart for the Fibonacci retracement tool to automatically calculate the retracement ratios. Point A was selected because it was an area where a previous correction ended, and point B was selected as soon as a new counter-trend move started. The illustration above shows how the Fibonacci retracement levels can be used during a downtrend to determine where a counter-trend correction might find resistance and end.

Trading On The Higher

Soon, you will be able to incr your lot size and start trading like the BIG Forex players. Over time, with compounding, you can make $100-$300 per day using this accurate scalping software. First, Fibo Quantum Scalper will draw its special levels on the chart. They want to experience the thrill of FAST profits in literally a matter of minutes. Request the Ultimate Double Top/Bottom Indicator which is used by 10,000+ traders.

  • We conducted this test several times and in different situations of the market to reach a solid result for each broker.
  • For FX scalpers, these inflections can open the door to key setups or opportunities.
  • The best performance of this broker was the cost of trade on EUR/USD with 0.71 pips on average.
  • Subscription to a signal allows you to copy provider’s trades within 1 month.
  • If you sometimes get worse prices , you should receive better ones other times.

And vice versa, bearish when each subsequent lower top and lower bottom are below the previous one. If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting. As far as the servers of the brokers are in the different parts of the world, we had latencies to those serves so we subtracted the ping from the results to find the correct speed.

Stop Loss i Take Profit

If during a bullish signal the red line of the 15 EMA trading indicator intersects both lines (light sky blue & plum) of the AutoFibo.ex4 custom indicator, an exit or take profit should be considered. I’m Mike Semlitsch the owner of Since 2013 I have helped thousands of traders to take their trading to the next level. Short positions should be taken only when you see that the risk to reward ratio is at least three.

We also added two good forex brokers that weren’t on myfxbook but we know them to some extent, so after initial testing, we convinced that they can be on our list of the best forex brokers for scalping. The data from this study comes from Myfxbook website. The major focus of this website is providing analytic tools for traders who want to have a track record of their strategies especially those that are based on automated trading or EAs.

The next most commonly used Fibonacci drawing tool is the retracement tool. Traders use this tool to determine levels of support or resistance during a corrective phase within a trend. Our next image shows a chart of the EUR/USD on a five-minute timeframe with the Fibonacci extension levels applied following the same procedure as discussed before. Note how price moved to the first 100% extension level, found resistance for a period of time, but then broke above it and moved toward the 138.2%, 161.8%, 178.6%, 200% and 238.2% extension ratios.

Finally, we got to our top 14 forex brokers for scalping. Now it was time to analyze the cost of trade (spread + commission) for a reliable time period. After all, scalping without indicators is a so-so idea. Anyway, at least you have to learn how to determine the support and resistance levels. This is also significant to use take profit and stop loss orders.

The data from the formulas are transformed into graphical images that are superimposed on the price charts or placed next to them. Based on personal experience, I can say that the most useful indicators for a scalp trader are RSI, MA, and Fibo retracement. This scalping system is an intraday system and makes trade decision based on the direction of the trend. This strategy is made possible by the fibo pivot levels indicator. The currency pairs that is applicable to this system are EU, GU, AU, UCHF, GJ and gold.

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Actually, there were a few forex brokers in our selection that were removed from the list for that reason as well as a few other reasons. FBS was founded in 2009 and regulated by one tier-2 and one tier-3 regulatory bodies so it’s considered safe. was established in 2006 and is regulated by a tier-2 regulatory body so it’s considered safe. It’s a partner of, a US company in the stock industry .

According to the study we’ve done, FXOpen and FP Markets have the lowest spreads + commission. Another time that the spreads are widened is when the volatility of the market increases dramatically. During the study, we discovered it’s not always at the time of the releasing of news events. It can also happen to you while trading less liquid currency pairs such as exotic ones or during low liquid time like after the New York session is closed. Assuming the average spread on EUR/USD for the ECN account in your broker is 0.3, the cost of a one lot trade on EUR/USD for you is 0.9 lot or $9 on average.

Please enable the necessary setting in your browser, otherwise you will not be able to log in. It needs a little optimisation and backtesting for each pair, but is very versatile, scalable and works across pairs. It needs tweaking out of the box, but if I only had one EA for every pair, this would be it.

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