# FIBO system

Trades based on Fibonacci retracement levels after identifying the high and low points.

Canonical: https://prismaticalgos.com/compendium/algo/2131-fibo-system
Record ID: 2131
Catalog rank: 2733 (reading order, not performance)
Snapshot: 2026-10-31 15:46 UTC
Family: Price Action & Market Structure (E)
Source: https://www.prorealcode.com/topic/fibonacci-trading-backtest/
Evidence label (unverified): source_code

## Scope and limitations

These are machine-extracted research records, not verified trading systems. Catalog rank measures specification detail and claimed evidence, not profitability. The catalog extraction pipeline did not independently backtest these records. Its separate selected testing ledger does not validate the wider corpus. Rules, labels and parameters can be incomplete or wrong; consult the original source and its reuse terms.

No endorsement, ownership claim or source-code reuse permission is implied.

## Extraction warnings

No automated warnings recorded; this is not validation.

## Recorded profile

- symbols: any
- timeframes: any
- sessions: any
- market_regime: any

## Indicators

No indicator stack recorded.

## Recorded long-entry rules

- close < Fib0500 AND BarsAfterFIBO >= 2 AND UP AND (UPflag = 1) AND (close >= Fib0382)

## Recorded short-entry rules

- close > Fib0500 AND BarsAfterFIBO >= 2 AND DN AND (DNflag = 1) AND (close <= Fib0382)

## Recorded exit rules

- close >= Fib1272
- close <= Fib1272

## Recorded filters

- Not specified.

## Risk controls

- Stop loss: SELL AT Fib0500 STOP
- Take profit: SELL AT Fib1382 LIMIT
- Position sizing: 2 Contract