Conservative Long-term Strategy

maxel5700

Hi,

I am looking at a strategy that was posted here on this site a few years ago by Mikko. It is called the Conservative Long-term Strategy.
I have downloaded the indicators and the template to my MT4, but I have a question I hope some of you expirienced trades can help med with.

In the top part of the article, Mikko writes that we must Draw the Fibo from the last Zig-Zag points, and wait for the price to reach 161.8
My question is: how do I draw the fibo correctly? Should it be from the higest price to the lowest or what? I don't understand his explanation, and the Picture he has on the post is not big enough for me to see how he did it.
I am a newbie, and would very much appreciate if an expirienced trader could clarify this for me. Thanks in advance.

Hope you understand my question.

I have placed a link to the original article below.

http://www.binaryoptions.net/3-binary-options-trading-strategies-for-beginners/

Cheers Michael

fearnbin

Hi Michael, you drag the fib between the lines that the zig zag leaves. I'll send some example picks to your email if you like?

unknown

Sorry to dig up an old post but this strat caught my eye. I cant seem to get the regression indicator to work though. anyone can help?

Archymay

I hope this strategy is effective. I would want to try long term strategy. I hope it works.