RSI Fibonacci Levels Strategy by XOOOOOO
By XOOOOOO
Performance Metrics
- Author: XOOOOOO
- Symbol: BITFINEX:BTCUSD
- Timeframe: 4 hours
- Net P&L: +73,555.55 USD (+3,416.14%)
- Win Rate: 27.5%
- Profit Factor: 1.233
- Max Drawdown: 48,326.55 USD (56.79%)
- Total Trades: 557
- Sharpe Ratio: 0.32
Description
RSI with Fibonacci Levels Visually can be used as: - Countertrend indicator at extreme green/red lines - Follow trend indicator - Fibonacci supports and resistantes zones The strategy works as a follow trend How to trade: The indicator is more reliable in longer time frames, at least 4H Choose a fibonacci level as reference Buy when the RSI line turns green Sell when the RSI line turns red