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Simple Zigzag + Fibonacci Strategy

  • #61
  • May 10, 2020 3:03am May 10, 2020 3:03am
Quoting MQLTrade
{quote} For enries i use left chart with entry point Stay safe & green
Hello MQLTrade,

would you do a Analysis for AU based on H4 (I do not have your indi)?

Best regards,
Renko
  • #62
  • May 10, 2020 4:56am May 10, 2020 4:56am
Quoting renkotop
{quote} Hello MQLTrade, would you do a Analysis for AU based on H4 (I do not have your indi)? Best regards, Renko
Sure, here AU 4H
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  • #63
  • May 10, 2020 5:04am May 10, 2020 5:04am
Quoting MQLTrade
{quote} Sure, here AU 4H {image}
Thank you very much,
Renko
  • #64
  • May 10, 2020 5:08am May 10, 2020 5:08am
Quoting renkotop
{quote} Thank you very much, Renko
U are welcome! AU is interesting also on Daily...quotes are also in Reversal Zone....when many TFs has the same setting, pattern is STRONG
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  • #65
  • May 10, 2020 5:13am May 10, 2020 5:13am
Quoting MQLTrade
{quote} U are welcome! AU is interesting also on Daily...quotes are also in Reversal Zone....when many TFs has the same setting, pattern is STRONG {image}
Where did you get this indi from?
  • #66
  • May 10, 2020 5:15am May 10, 2020 5:15am
Quoting renkotop
{quote} Where did you get this indi from?
I bougth it from FF Commercial Section: "ABCD Auto Detector" ....i found it very usefulif u believe in Fibonacci Trading Approach
  • #67
  • May 10, 2020 5:17am May 10, 2020 5:17am
Quoting MQLTrade
{quote} I bougth it from FF Commercial Section: "ABCD Auto Detector" ....i found it very usefulif u believe in Fibonacci Trading Approach
Thank you
  • #68
  • May 10, 2020 6:15am May 10, 2020 6:15am
Quoting MQLTrade
{quote} I bougth it from FF Commercial Section: "ABCD Auto Detector" ....i found it very usefulif u believe in Fibonacci Trading Approach
MQLTrade, are you using this as a discretionary trader or an algorithmic trader?
  • #69
  • May 10, 2020 6:24am May 10, 2020 6:24am
Quoting carddard
{quote} MQLTrade, are you using this as a discretionary trader or an algorithmic trader?
I'm a discretionary trader but i like indicators that they done boring work.
In this way i can be focused on entry & management of trades

i think that Human Brain is the best EA on the market Traders must be open-mindedness, for indicators/EA not easy to be
  • #70
  • May 10, 2020 7:14am May 10, 2020 7:14am
Quoting EngineerFx
Here we have five trades and they are all winners depending on your stop loss settings . Depending on your stop loss Trade 3 could have been a loss {image}
Adapting the OP's original rules as much as possible, I attempted to run a TDS tick data backtest to gauge if this is worth pursuing.
TP & SL were missing from his original rules, so I made my own assumptions.

Assumptions made:

  1. EURUSD, H1, Jan 2015 - Jan 2020
  2. Default ZZ settings, buy / sell on HHHL / LLLH
  3. No other indicators
  4. Fib retracement level: 78.2%
  5. Fixed TP / SL: Within Fib levels

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  • #71
  • May 10, 2020 8:43am May 10, 2020 8:43am
Quoting carddard
{quote} Adapting the OP's original rules as much as possible, I attempted to run a TDS tick data backtest to gauge if this is worth pursuing. TP & SL were missing from his original rules, so I made my own assumptions. Assumptions made: EURUSD, H1, Jan 2015 - Jan 2020 Default ZZ settings, buy / sell on HHHL / LLLH No other indicators Fib retracement level: 78.2% Fixed TP / SL: Within Fib levels {image}
Great Job. Even if summarize Fibonacci Approach into EA is not easy... My experience says that each level has a tollerance, and for this reason it's hard to code but trader should use eyes & brain
  • #72
  • May 10, 2020 9:47am May 10, 2020 9:47am
I'm not sufficiently convinced that what is laid out in the original rules (even with the oscillators) would make for a good strategy, but I won't discount the tendencies for Fib levels to be points of support / resistance (self-fulfilling prophecy or not).

Looking forward to hear if anyone has any success with Fibs - I can incorporate it into code if that works.
  • #73
  • May 11, 2020 4:38am May 11, 2020 4:38am
GJ 1H....short
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  • #74
  • May 11, 2020 5:03am May 11, 2020 5:03am
NU 1H ...hit TP
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  • #75
  • May 11, 2020 5:44am May 11, 2020 5:44am
Quoting MQLTrade
GJ 1H....short {image}
TP hit
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  • #76
  • May 11, 2020 5:48am May 11, 2020 5:48am
AUDCHF....TP hit
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  • #77
  • May 11, 2020 5:49am May 11, 2020 5:49am
@MQTrade,

What is this indicator ? How it work?
  • #78
  • May 11, 2020 5:54am May 11, 2020 5:54am
Quoting shunya.trade
@MQTrade, What is this indicator ? How it work?
Read post 66.....u find name.

Indicators are based on Fibonacci Approach: left one shows entries and TP, right one shows analisys of swing and it advise high profitable pattern
  • #79
  • May 11, 2020 6:05am May 11, 2020 6:05am
GU 1h....
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  • #80
  • May 11, 2020 6:14am May 11, 2020 6:14am
@ moment open trade: UC 1h.... BE +5
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