🔹 Core ConceptThe strategy is built on combining Fibonacci retracement levels, candlestick pattern confirmation, and trend filtering for trade selection. It performs well on the 1-hour timeframe across many cryptocurrency pairs. Particularly on LINKUSDT over the past year and a half, despite the not very optimal 1:1 risk/reward ratio.The logic is simple: after a strong impulse move, the price often retraces to key Fibonacci levels (specifically, the 61.8% level). If a confirming candlestick (pattern) appears at this moment, the strategy looks for an entry in the direction of the main trend.🔹 Indicators Used in the StrategyATR (Average True Range) — Used to calculate the stop-loss and take-profit levels.EMA (9 and 21) — Additional moving averages for assessing the direction of movement (not directly used in entry conditions, but the logic can be expanded to include them).SMA (Trend Filter, 20 by default) — The trend direction filter. Trades are only opened in its direction.Fibonacci Levels — The 61.8% retracement level is calculated based on the high and low of the previous candle.🔹 Entry Conditions🟢 Long (Buy):Previous Candle:Must be green (close higher than open).Must have a body not smaller than a specified minimum.The upper wick must not exceed 30% of the body size.→ This filters out “weak” or “indecisive” candles.Current Candle:Price touches or breaches the Fibonacci 61.8% retracement level from the previous range.Closes above this level.Closes above the Trend Filter (SMA) line.A position is opened only if there are no other open trades at the moment.🔴 Short (Sell):Previous Candle:Must be red (close lower than open).Must have a body not smaller than a specified minimum.The lower wick must not exceed 30% of the body size.Current Candle:Price touches or breaches the Fibonacci 61.8% retracement level from the previous range.Closes below this level.Closes below the Trend Filter (SMA) line.A trade is opened only if there are no other open positions.🔹 Risk ManagementStop-Loss = ATR × multiplier (default is 5).Take-Profit = ATR × the same multiplier.Thus, the default risk/reward ratio is 1:1, but it can be easily adjusted by changing the coefficient. Although, strangely enough, this ratio has shown the best results on some assets on the 1-hour timeframe.🔹 Chart VisualizationFibonacci level for Long — Green line with circles.Fibonacci level for Short — Red line with circles.Trend Filter line (SMA) — Blue.

Backtest results are shown on the picture above.🔹 Strengths of the Strategy✅ Utilizes a proven market pattern — retracement to the 61.8% level.✅ Further filters entries using trend and candlestick patterns.✅ Simple, transparent logic that is easy to expand (e.g., adding other Fib levels, an EMA filter, etc.).🔹 Limitations⚠️ Performs better in trending markets; can generate false signals during ranging (sideways) conditions.⚠️ The fixed 1:1 risk/reward ratio is not always optimal and could be refined.⚠️ Performance depends on the selected timeframe and ATR parameters.

⚠️ Not financial advice. Pay close attention to risk management to avoid blowing your account. The strategy is not repainting — I have personally verified it through real testing — but it may not necessarily replicate the same results in the future, as the market is constantly changing. Test it, profit, and good luck to everyone!