Strategy

FibStrike

Structure + Fibonacci Trading

Advanced strategy combining Break of Structure (BOS) detection with Fibonacci retracement trading. Features independently configurable long/short settings for optimal market adaptation.

Version 2.1 • Updated July 2024
FibStrike Screenshot

Key Features

Break of Structure (BOS) Trading

Enters trades after swing highs/lows are broken, then waits for price to retrace to Fibonacci levels for entry.

Configurable Fibonacci Entries

Choose entry at 0%, 38.2%, 50%, or 61.8% retracement with automated Fibonacci drawing on charts.

Two Risk Range Methods

UMO uses original swing range, PostBOS waits for new swing after break - optimize for different market behaviors.

SMA Bias Filtering

Optional dual SMA filters (20/200 default) ensure trades align with larger trend direction.

First BOS Only Mode

After first directional BOS, only looks for opposing BOS - prevents overtrading in choppy markets.

Flexible Exit Strategies

Exit on original swing stop or any new BOS, with bar close or wick touch confirmation options.

Configuration & Documentation

Access detailed documentation and pre-configured settings for FibStrike.

Recent Updates

View all changes

Version 2.1

Jul 19, 2024

"First BOS only" parameter (aka ChoCH / CISD)

Version 2.0

Jul 13, 2024

Dollar risk sizing ($ and account %)

Minimum BOS displacement setting: Set how high the BOS should break above swing to be valid

Max daily PnL limits

+2 more changes