DislikedHH, i was just wondering how you calculate the baseline (blue line 4/8) ? Did you use a specific level that seems to be the most frequent Support or resistance ?Ignored
Steve
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DislikedHH, i was just wondering how you calculate the baseline (blue line 4/8) ? Did you use a specific level that seems to be the most frequent Support or resistance ?Ignored
DislikedHH, i was just wondering how you calculate the baseline (blue line 4/8) ? Did you use a specific level that seems to be the most frequent Support or resistance ?Ignored
DislikedEA I have attached the EA please load and post any questions which will be best anwered by Hollowhead Hollowhead - any concerns or changes required please let me know,I havnt loaded the EA myself yet I have only just received it Here is the list of instructions from coder... ------------------------------------------------ There are two sections of inputs, for buy and sell separately. Buy/Sell Input parameters: Lots – position size Start_Level – fibo level where price movement must start End_Level – fibo level where price movement must end Start_Plus_Minus_Pips...Ignored
Thanks.
Disliked{quote} Hi Hollowhead, Did u try to back test the EA with this system? As I do not have idea how to backtest with the rules u hv in this thread, Could you guide me to back test the EA with 122 pips range? ThanksIgnored
Disliked{quote} Dear HH, One last thing,....I know that you like H4 TF very much,...I like it too,... The last I need to ask you, for the LENGHT, did you always use 1:1 to every MM 100% line ? For example you will use Lenght 122 pips for NZDUSD even in H4 TF ? While you use Lenght 244 pips for GBPUSD in H4 TF ? Please kindly explain to me,..... Thanks, Budi DharmaIgnored
Disliked{quote} Thanks Paulus for the EA, I have some error when running this EA, please give some advise to use it properly. Here are the errors (taken from mt4 journal when running this EA): 2014.04.17 12:06:42.480 Abonacci EA inputs: Lots=0.1; Start_Level=0; Start_Plus_Minus_Pips=0; End_Level=4; End_Plus_Minus_Pips=0; Stop_Loss=64; Take_Profit=129; Break_Even=65; _Lots=0.1; _Start_Level=4; _Start_Plus_Minus_Pips=0; _End_Level=0; _End_Plus_Minus_Pips=0; _Stop_Loss=64; _Take_Profit=129; _Break_Even=65; BaseLine=1.26953; Length=244; Max_Trades=5; Hedging=0;...Ignored
Disliked{quote} I have started backtesting with quite a few variations - results are mixed depending on the pair and time period I choose, but nothing has stuck out to me. This is not exactly suprising though.Ignored
Disliked{quote} Thanks Paulus for the EA, I have some error when running this EA, please give some advise to use it properly. Here are the errors (taken from mt4 journal when running this EA): 2014.04.17 12:06:42.480 Abonacci EA inputs: Lots=0.1; Start_Level=0; Start_Plus_Minus_Pips=0; End_Level=4; End_Plus_Minus_Pips=0; Stop_Loss=64; Take_Profit=129; Break_Even=65; _Lots=0.1; _Start_Level=4; _Start_Plus_Minus_Pips=0; _End_Level=0; _End_Plus_Minus_Pips=0; _Stop_Loss=64; _Take_Profit=129; _Break_Even=65; BaseLine=1.26953; Length=244; Max_Trades=5; Hedging=0;...Ignored
Disliked{quote} I would also wanna to backtest the system. Do I have to adjust the variation before i start using the strategy tester to backtest? I am sorry but could you give me some guidience or procedure for me to do backtest with the EA?Ignored
Disliked{quote} Paulus has made the EA very flexible. When in the strategy tester click Expert Properties, then change the fields to what you want, ie where price needs to have come from (Start) where it finishes (This is actually your entry point, TP, SL, BE (0 if you don't have one), you need to do that for both buys and sells, then enter the length and baseline. With some trial and error it is quite simple.Ignored
Disliked{quote} OK i will try. How the results of EA testing with different variation? Can u share some of the results to us? As you said the EA did not show u any surprise, is that still profitable after you backtest? ThanksIgnored
Disliked{quote} Maybe I just so stupid, but I really dont know how to input the value into the boxes as there are really a lot value to input, Do you mind to show me how to input the value as the system stated on the first page? I will be appreciated!!!! {image} {image} {image} {image}Ignored
Disliked{quote} {quote} NU tried 3 times closed below 76.4% since 10 apr 2014 after new high around 0.87422. based on abonacci & MM the price will be touch zone 0.857xx. I'm still holding my short, break and close below 0.86380 will take this pair to .85736 {image}Ignored
Disliked{quote} OK - below screenshots are for Long - price comes for 76.4% breaks 23.6% by 5 pips, with a 125pip TP (that's about the upper 76% level) and SL 75 pips (which is just below the 100%) Short - price comes for 23.6% breaks 76.4% by 5 pips (note it is "-5"), with a 125pip TP (that's about the upper 76% level) and SL 75 pips (which is just below the 100%). {image}{image}{image}{image} Hope that helps SteveIgnored
Disliked{quote} Thank you very much Steve! I did some backtest this afternoon and the results seemed not very encouraging as the result shows not profitability with the system. I use 122 as the length but EUR/USD just dont seem to be the pair to trade with the system. And even recently i am having positive result on forward testing but the past result just dont support it. Btw hows ur result with the backtesting? which pairs or length is the best at the moment? I am encouraging ppl to use martingale but seems this system should be trading with hedging strat...Ignored
Compare the declining win rate with the profitability.
For those that can't use the EA for whatever reason here's a set of reports.
DislikedFor those interested you might want to try this EA test Pick a pair Pick a year long period to test over Use length 66 for length (78 for JPY pairs) Use this years baseline if you can't be bothered to work out the MM levels for your period. Enter any trade criteria on the EA (I used break of 100% (with price coming from 76.4%/23.6%), SL 33 pips. Do 5 tests - with the following TP 33pips (RR 1:1) 66pips (RR 1:2) 99pips (RR 1:3) 132pips (RR 1:4) 165pips (RR 1:5) Compare the declining win rate with the profitability. For those that can't use the EA...Ignored