Hello
This Ea is based on fibo retracement levels. It works but opens only buy order not sell. When we use this system manually have 75% win ratio.
Could anyone fix the error -sell order not open !!!
Trade logic:
1. Fib the previous days high to low as you do.
2. Price through 0 or 100 Fib, enter trade with 138.2 Fib as target.
3. If price reverses back into the inner Fibs and hits the 23.6 or 78.6 then first trade is closed and a reverse trade is triggered with the 50 Fib as the target. Rince and Repeat each day each pair.
4. If first trade completes and price continues to the 200 Fib (especially with a candle close beyond the level) cancel all orders = continuation of trend. Start again tomorrow.
In its simplest form,
Strikes on 0 and 100 trigger targets of 138 extension with the SL being a reverse trade at 23.6 or 78.6 with the 50 as the target.
The EA needs to get ready when price enters the 0 to 23.6 area or the 100 to 78.6 area for a trade in either direction according to the next trigger.
I think EA use some indicator to filter orders. Indıcator's code embeded the EA code
Thanks.
This Ea is based on fibo retracement levels. It works but opens only buy order not sell. When we use this system manually have 75% win ratio.
Could anyone fix the error -sell order not open !!!
Trade logic:
1. Fib the previous days high to low as you do.
2. Price through 0 or 100 Fib, enter trade with 138.2 Fib as target.
3. If price reverses back into the inner Fibs and hits the 23.6 or 78.6 then first trade is closed and a reverse trade is triggered with the 50 Fib as the target. Rince and Repeat each day each pair.
4. If first trade completes and price continues to the 200 Fib (especially with a candle close beyond the level) cancel all orders = continuation of trend. Start again tomorrow.
In its simplest form,
Strikes on 0 and 100 trigger targets of 138 extension with the SL being a reverse trade at 23.6 or 78.6 with the 50 as the target.
The EA needs to get ready when price enters the 0 to 23.6 area or the 100 to 78.6 area for a trade in either direction according to the next trigger.
I think EA use some indicator to filter orders. Indıcator's code embeded the EA code
Thanks.
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