At what point is the bot supposed to set up the pending trades? Is this at the redraw of each new fib?
Monster Muncher Manual Trading Discussion: Compliments SH 228 replies
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DislikedAt what point is the bot supposed to set up the pending trades? Is this at the redraw of each new fib?Ignored
Disliked@ FX Compass
I have also been trying to get it to trade on M15, but it is saying Order Send Error 130 (=invalid stops). This is on FXDD. I wonder if this is because the range is very small right now at the end of the US session that the M15 fibs are just too tight to be tradable?Ignored
Have a play guys, and see what you think.
DislikedHere is the first draft of the FX Compass robot. Hasn't been profitable in backtesting.
Stops are where an opposite direction trade would be sent. Tp's are explained by the strategy:
[list=1][*]Fib the previous days high to low as you do.[*]Price through...Ignored
DislikedHi Steve,
After much searching, I believe I have found a filter which may suit one or both EA's.
Is it much trouble to incorporate it in ?Ignored
DislikedShouldn't be, although I can have problems extracting information from custom indi's. Post it and we can see.
Cheers
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DislikedHey Steve,
Only sell if at or above 0 line.
Only buy if at or below 0 line.
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double val = iCustom(NULL, 0, "TG-Sinc-Spectrum-Cycle", 5,50,false,5,2, 0,0);
DislikedLooking at the chart, I assume this is upside down and that it should be sell at or below the 0 line etc.
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DislikedGreat work with the EA (I mean the Fib Target one - I have not had the chance to play with Compass yet). Surprisingly good results on the M15. H1 not so promising in initial testing, which is unexpected.
Anyway, it seems like a key to success with this would be the placing of the SL as if / when a trade goes wrong, price can really shoot off into the distance, producing negative floating DD that is 15 to 20 times as big as any single profitable closed trade.
I am not as familiar with fibs are you are, but what about using a SL distance that...Ignored