PROTECTED SOURCE SCRIPT
Monday + Tuesday Fib Breakout
INTENDED FOR DAILY CHART ONLY
This is my take on a simple breakout based on the well known Fibonacci Retracement. It was created with the main intention of swing trading Futures with a small account, though it can also be used for other instruments - just tweak the settings to what fits best for you.
As you can see, the strategy is trading a single contract every time and the stop loss is hard (no trailing yet) - I'm trying to show how well it works with a small account, obviously you can scale up from here.
The strategy:
Account Starting Balance: $500
Instrument: E-Mini Russell 2000 Futures
Contracts: 1 contract per trade
Commission: $0.34 per trade
Next Steps:
- Add more description to all the settings
- Add Trailing Stops
Don't forget:
For educational purpose only
Past performance doesn't guarantee future results.
This is my take on a simple breakout based on the well known Fibonacci Retracement. It was created with the main intention of swing trading Futures with a small account, though it can also be used for other instruments - just tweak the settings to what fits best for you.
As you can see, the strategy is trading a single contract every time and the stop loss is hard (no trailing yet) - I'm trying to show how well it works with a small account, obviously you can scale up from here.
The strategy:
Account Starting Balance: $500
Instrument: E-Mini Russell 2000 Futures
Contracts: 1 contract per trade
Commission: $0.34 per trade
Next Steps:
- Add more description to all the settings
- Add Trailing Stops
Don't forget:
For educational purpose only
Past performance doesn't guarantee future results.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.