Fibo Machine Pro is a relatively new indicator in the market which tells you where to enter and exit a trade for maximum profit by displaying levels based on Fibonacci retracements.
Characteristics of Fibo Machine Pro
Trading with Fibo Machine Pro
Fibo Machine Pro has a user-friendly interface. On the upper left corner, the indicator displays precise target levels, trend direction, and event time until the next candle. It addition, entry level, stop loss level and three take profits levels are displayed on your chart. Therefore, it boils down to your preference and trading experience which one to use as take profit level.
Safe Take Profit: This level is suitable for traders who are either new to Forex, Fibonacci analysis, or are testing out the indicator. It offers a safe and controlled trading strategy.
Medium Take Profit: This is the natural progression from the safe take profit level and is a level to aim for in order to achieve the highest profitability by using the correct Risk/Reward ratio.
Aggressive Take Profit: This level should be used only if an underlying trend based on your personal analysis aligns with the entered setup. Or is otherwise technically correct.
In the archive Fibo_Machine_Pro.zip