In this article we are going to explain a trading system based on Fibonacci retracements and the weighted moving average (WMA), which can be used in any market and in most time frames. Therefore, it requires a basic knowledge of Fibonacci tools, although nothing complex.
Fibonacci tools can be found in the vast majority of trading platforms, such as Metatrader 4, so this system can be used on any platform that the trader chooses.
If you do not have knowledge about Fibonacci indicators, you can consult the following article: Fibonacci in Forex Trading
Basically, it is a technical trading system that focuses on opening positions in the trend direction, using Fibonacci retracements as price zones to enter the market. In other words, it is a trend following system. The WMA moving average is used to determine the best time to open positions.