Fibonacci OTE Entries from Rolling Swing Highs and Lows

Summary

This strategy combines ICT optimal time entry ideas with Fibonacci retracement levels calculated from identified swing highs and lows. A configurable lookback defines recent extremes; the strategy derives six retracement levels and plots them as visual references. It opens a long position when the close crosses above the 0.705 level while also sitting above 0.618, and a short position when the close crosses below 0.705 while below 0.618.

The document presents the method and a SOL/USDT futures backtest period, but gives no performance statistics or evidence that the entry rules are profitable. It describes the method as most suited to clear trends and flags sensitivity to swing length, false signals in volatile or ranging markets, and the absence of stop-loss rules. Suggested extensions include higher-timeframe confirmation, volume filters, and explicit risk controls; these are proposals rather than tested features.

Key ideas

• The strategy derives Fibonacci retracements from recent swing highs and lows.
• A long signal requires an upward cross of 0.705 with the close above 0.618.
• A short signal requires a downward cross of 0.705 with the close below 0.618.
• The document gives no performance results, and the rules contain no stop-loss mechanism.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.