Fibo Quantum Indicator Review – What A Real User Thinks
Fibo Quantum is a Forex trading strategy that is based upon the Fibonacci sequence of numbers although it does not utilize retracements in the way most traders are utilized to.
This review includes the real trading software on my Metatrader charts so you understand this evaluation is not a fraud.
First thing you ought to know is that if you are an individual who buys trading technique software, returns it, and keeps using it, with Fibo Quantum, you can’t do that. You should sign up the product with your Forex account number along with your purchase code.
If you return it, you will no longer have access to it.
You can enjoy the video listed below where I stroll through the purchase of the software application in addition to using it to my charts.
I then cover a handful of currency sets using Fibo Quantum so you can get a good feel for the method. Click here to purchase Fibo Quantum and review it on your own.
I believe the video review covers a great deal of info about Fibo Quantum and traders who love Fibonacci, will delight in the software.
Time Frames and Forex Pairs To Trade
Only a few Forex pairs are worth trading and Fibo Quantum suggests the following pairs:
Those are enough currency sets to trade and with the combination of the GBP and Yen, you can get a lot of movements in pips which is what we desire.
When it comes to timespan, consider that with Fibo Quantum, you can day trade, swing trade, and position trade just by changing the time frame used. The suggested time frames are:
My favored timespan for trading are in vibrant however comprehend that you will get less trading setups on greater time frame charts.
Choose Your Trading Style
Fibo Quantum permits you to pick what kind of trader you are and the software will change the inputs to fit your trading requirements.
The choices are:
The idea from Karl Dittmann, the developer, is to use the conservative method and I agree with that. Traders are too eager to trade and oftentimes trade frequently and at the wrong times. The conservative trading setting gives just the greater possibility trading setups and you should think about utilizing the conservative setting.
- Conservative – Concentrates on optimal ratio between all signal levels.
- Medium – Combination of conservative and aggressive styles.
- Aggressive – Concentrates on extreme ratio between all signal levels.
- Custom – Allows you to take full control of the levels and manually configure them to match your preferences.
Times To Trade Fibo Quantum
Forex is a 24 hour market but there is only a handful of hours that are worth your time. In the training for Fibo Quantum, the following is suggested:
Do not use the indicator on a weak/slow market– outside advised trading hours (London or United States sessions). Signals never ever work well on a weak market; this has actually been proven often times and the best time for revenues are the following:
- The London session is the largest market and it opens at 08:00 GMT or 03:00 EST and closes at 17:00 GMT or 12:00 EST.
- Trading is best between 08:00 GMT and 10:00 GMT
- The New York session opens at 13:00 GMT or 08:00 EST and closes at 22:00 GMT or 17:00 EST.
- The best trades occur in the first 2-3 hours.
Fibo Quantum So Far?
We’ve looked at a few parts of the software and the truth that only a handful of Forex pairs (that move well) and the times to trade it (when the market is moving) is an excellent sign. This gives traders a possibility to make money from currency pairs that are known to move combined with the times that Forex moves well.
Dittmann recommends utilizing the conservative method and honestly, I can’t argue with that. Traders that tend to trade excessive will be forced to trade less and potentially with the higher possibility set ups.
How Does Fibo Quantum Work?
Similar to all trading software application, the inner functions are never shown however as the Forex market goes up and down, Fibonacci buy and sell levels are outlined. Keeping in mind the international trend, you will go into a buy setup when price reaches the level and setup your stop at this level.
From there, you are offered 3 earnings targets and it depends on you to figure out which one to utilize. From your screening, you might discover that utilizing the targets as trade management levels and letting profits run is a great play.
Let’s be clear, unlike normal Fibonacci retracements, you do not trade the pullback. Looking at the first sell, that sell entry was setup before cost reached it suggesting that you trade with the momentum going in your favor. This indicates you are not catching a falling knife!
- Wait for a setup to plot right on your chart
- Place an order to enter and place your stop at the designated price level
- Let price go to your profit targets
It’s pretty straightforward however I do suggest you have rules on how you will mange your trades. You do not want to aim for the 3rd take profit level and have cost recuperate from among the other levels to a stop out. Learn how to handle your positions.
Money Management Rules For Fibo Quantum
- Never risk more than 1-3% of your deposit on any single trade.
- Never gain or lose more than 10% of your deposit in any single day.
- Never use Martingale Strategy.
There is an excellent range of advantages provided by this program that we have really described listed below:
- Consistent earnings: The Fibo Quantum tool permits you earn a profit on a continuous basis without any delay. The individuals using this software application have wound up achieving success in winning almost 90% in the Forex trading.
- Signal notifies: They utilize informs to the users through three various methods to make sure not even a single revenue opportunity get missed out on.
- Easy to setup: There is no chance that you will deal with any difficulty to install this software on your system. The user interface of this tool crafted in such a way that even a total newbie can understand it.
- 30-day refund assurance: This tool is equipped with a 30-day cash back make sure that suffices to comprehend its worth. If the Fibo Quantum does not do any favor for you in more than a month after buying, you can get your funds back.
- Economical Pricing: The complete software application is easily available at a rather affordable price of $147 that does not struck at anyone’s pocket. The advantages used by this program is simply amazing.
Buy Fibo Quantum
That finishes up the review of Fibo Quantum and I must include that I think it is a decent method for Forex traders. The key is to follow the guidelines I pointed out above and do it consistently. Keep in mind that Fibonacci levels are used by lots of Forex traders and even some well known traders have actually commented that they utilize them.
Some might say that Fibo Quantum is a rip-off but in reality, there is absolutely nothing about it that is a fraud. It does what it says it will do and it depends on you to follow sound trading concepts.