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Daily Breakout with TP & SL Fibonacci Ranges

  • #41
  • Feb 26, 2020 6:53am Feb 26, 2020 6:53am
Quoting bdunn
{quote} IMHO, that could due to the SL didn't take in consideration of BuyPrice/SellPrice in calculation. Thus, if the "Range" is too tight, not able to place above/below BuyPrice/SellPrice, the SL could still fall within the "Range" and in the wrong side. The TP did take in consideration of BuyPrice/SellPrice in calculation though. Just my naive observations.
another issue the pending orders didn't cancel, i closed it manually
good luck
  • #42
  • Feb 26, 2020 6:59am Feb 26, 2020 6:59am
Quoting bdunn
{quote} IMHO, that could due to the SL didn't take in consideration of BuyPrice/SellPrice in calculation. Thus, if the "Range" is too tight, not able to place above/below BuyPrice/SellPrice, the SL could still fall within the "Range" and in the wrong side. The TP did take in consideration of BuyPrice/SellPrice in calculation though. Just my naive observations.
Using fibonacci to demonstrate.
BUY and SELL order at +15% of range Hi and Low, with SL at -15% from range Hi and Low.
Attached Image
Perfidious Pips
  • #43
  • Feb 26, 2020 7:09am Feb 26, 2020 7:09am
Quoting tito5615104
{quote} another issue the pending orders didn't cancel, i closed it manually
Yes, have to manually cancel pending orders at end of day.
As mentioned earlier this a quick-and-dirty EA to test the strategy.
Perfidious Pips
  • #44
  • Feb 26, 2020 2:05pm Feb 26, 2020 2:05pm
Quoting northwind
{quote} Yes, have to manually cancel pending orders at end of day. As mentioned earlier this a quick-and-dirty EA to test the strategy.
this is the same concept as another recent thread where MoTu EA was under development, which EA is good to use for breakout box?
  • #45
  • Feb 26, 2020 2:11pm Feb 26, 2020 2:11pm
Quoting T4Trade
{quote} this is the same concept as another recent thread where MoTu EA was under development, which EA is good to use for breakout box?
Hi T4T,

Yes, I mention this in Post #1.
Similar functionality in EA but different times to open pending orders & how TP/SL are calculated.
Perfidious Pips
  • #46
  • Edited 5:12am Feb 28, 2020 4:50am | Edited 5:12am
Quoting northwind
{quote} Hi T4T, Yes, I mention this in Post #1. Similar functionality in EA but different times to open pending orders & how TP/SL are calculated.
Hi Northwind how the strat going you still doing it ? would be interested in what stats you had this week ?

edit thinking about trying it next week.. have you had a look at the 4H GBPUSD breakout strat ? looks interesting as well.
  • #47
  • Mar 10, 2020 7:37am Mar 10, 2020 7:37am
Very strange, two accounts trade point is not the same, should have a relation with the position?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 3.10.png Size: 25 KB
Click to Enlarge Name: 3.11.png Size: 23 KB
  • #48
  • Mar 14, 2020 4:04am Mar 14, 2020 4:04am
very interest and work for me
made 210$ from 1/3/2020 till now with only 1 cent for each trade on Live account
any update northwind ?
good luck
  • #49
  • Mar 15, 2020 10:19pm Mar 15, 2020 10:19pm
Quoting northwind
{quote} Hi Sangui, Thank you for the EA. As a first pass it is working pretty well. The EA is attached. I edited to print the "magicNumber" in comments. Feedback is welcome. I installed the EA on Sunday and had it running forward testing on Monday & Tuesday. So far it has given mixed results. Losing more than profiting. I ended up cancelling many of the pending trades when charts became cluttered with one side not getting cancelled. Here are some example results. {image} {image} {image} {image} {image} {file} {file}

Hi mate,

I am interested to test this EA on my VPS. Are you still using this EA from #post 5 ? Or is there is a new update EA for running this break out strategy?
  • #50
  • Mar 16, 2020 4:03am Mar 16, 2020 4:03am
something wrong today
29 position opened the same pair audcad in same time
i tried the expert for 2 weeks didn't opened that before
Attached Image (click to enlarge)
Click to Enlarge Name: 2222.png Size: 65 KB
good luck
  • #51
  • Mar 16, 2020 7:48am Mar 16, 2020 7:48am
Quoting tito5615104
something wrong today 29 position opened the same pair audcad in same time i tried the expert for 2 weeks didn't opened that before {image}
Which blocker you use? Forex.COM?
  • #52
  • Mar 17, 2020 2:59am Mar 17, 2020 2:59am
Quoting FX5Star
{quote} Which blocker you use? Forex.COM?
Fxdd
good luck
  • #53
  • Mar 17, 2020 6:49am Mar 17, 2020 6:49am
Quoting tito5615104
{quote} Fxdd
It happened to me before. My is Forex.COM
  • #54
  • Mar 17, 2020 9:47am Mar 17, 2020 9:47am
I am afraid that the flaw lies in the expert adviser
good luck
  • #55
  • Mar 17, 2020 12:44pm Mar 17, 2020 12:44pm
COOL! This expert is very cool, I didn't see an expert that can use the Fibonacci retracement. Good job!
  • #56
  • Jun 14, 2020 4:43am Jun 14, 2020 4:43am
Quoting northwind
{quote} Using fibonacci to demonstrate. BUY and SELL order at +15% of range Hi and Low, with SL at -15% from range Hi and Low. {image}
can u make trailing stop for this ea? thank alot...
  • #57
  • Edited 8:03am Jul 28, 2020 7:26am | Edited 8:03am
Quoting northwind
Setting for the EA. {image}
Northwind, what TF are you using?
I just read H4 and Daily...sorry
  • #58
  • Sep 9, 2020 6:41pm Sep 9, 2020 6:41pm
Quoting northwind
{quote} Hi Sangui, Thank you for the EA. As a first pass it is working pretty well. The EA is attached. I edited to print the "magicNumber" in comments. Feedback is welcome. I installed the EA on Sunday and had it running forward testing on Monday & Tuesday. So far it has given mixed results. Losing more than profiting. I ended up cancelling many of the pending trades when charts became cluttered with one side not getting cancelled. Here are some example results. {image} {image} {image} {image} {image} {file} {file}
I tested this expert advisor in strategy tester on visual mode.The winning percentage is high because the drawdown is too big.
Attached File(s)
File Type: pdf StrategyTester..pdf   1.6 MB | 575 downloads
  • #59
  • Sep 16, 2020 2:08am Sep 16, 2020 2:08am
Quoting northwind
{quote} Using fibonacci to demonstrate. BUY and SELL order at +15% of range Hi and Low, with SL at -15% from range Hi and Low. {image}
Hello NW please kindly share the template of this fibo i cant seem to get the angle i dont know much about maths a packaged one done will be appreciated.Thanks
  • #60
  • Sep 17, 2020 5:18am Sep 17, 2020 5:18am
Quoting Slingshots1
{quote} Hello NW please kindly share the template of this fibo i cant seem to get the angle i dont know much about maths a packaged one done will be appreciated.Thanks
Hi SS,
An example Fibo setup.
You can put in your own favorite Fibo levels.
Attached Image (click to enlarge)
Click to Enlarge Name: Fibo Setup Example.JPG Size: 39 KB
Perfidious Pips
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