Attached is the EA's BuyFibo and SellFibo version 1.1. It version fixes a few things.
Any observations will be welcome.
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I have just started to test these EAs but I think they will be great as I find
trying to manage trades on the MT4 platform cumbersome as compared to
say Oanda.
Ladies and Gentleman, specially lawgirl21 and pippete and all contributors to this thread THANKS!...just like maudur, lately I have spent a lot of time reading almost all the post with previous downloading off all possible indicators and EA's, I even learned how to program until i got my laptop saturated with useless crap...keeping it simple makes life easier...so far this method has been most useful..so i simply say thanks!
maudur: con un amigo ingeniero en sistemas aqui en Espaņa y yo hemos desarrollado un EA al estilo "almost naked con TDI" si quieres nos podemos intercambiar informacion...saludos...
Reasons:
- RSI point up
- STO confirm RSI
- TDI, RSI Price Line (green) > Trade Signal Line (red)
- price has good space to travel until it hits resistance on D1
Reasons:
- RSI point up
- STO confirm RSI
- TDI, RSI Price Line (green) > Trade Signal Line (red)
- price has good space to travel until it hits resistance on D1
Reasons:
- RSI point down
- STO(8,3,3) confirm RSI
- TDI, RSI Price Line (green) < Trade Signal Line (red)
- price has space to travel until it hits soport on D1
- M15 candle confirm channel break
Reasons:
- RSI point down
- STO(8,3,3) confirm RSI
- TDI, RSI Price Line (green) < Trade Signal Line (red)
- price has space to travel until it hits soport on D1
- M15 candle confirm channel break
I would suggest you to close your account with this firm, They're scammers.
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So anytime you have a problem you close your account and move to a new broker?
These spikes were due to a bad feed from a liquidity provider so it showed up on many charts. Any reputable broker has already fixed the charts and corrected any order errors caused by it.
So anytime you have a problem you close your account and move to a new broker?
These spikes were due to a bad feed from a liquidity provider so it showed up on many charts. Any reputable broker has already fixed the charts and corrected any order errors caused by it.
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I provided a link, which you remove it when quoting my full reply... Something is fishy!!!
Read reviews first then comment...
Failure is the mother of success: learn from 'her'
Hi maudur, can you explain how this EA works in simple words? How can this EA help our trading? Thanks!
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Buy and Sell EAS using Fibonacci levels
SellFibo, and BuyFibo are two Expert Advisors that allow you to open an order to sell or buy respectively. you need to select entry point using some strategy, for example H1 4C BO or any other.
In these EAs you need select the points for the Stop Loss (SL) from the open price, you can define a Fibonacci level to Break Even (BE), one Fibonacci level for a first Profit (TP1), and a Fibonacci level for a second Profit (TP2).
Additionally, you can set a closing percents of the order when levels reach BE, TP1 and TP2. When the price reache TP1, you can set the execution of Trailing Stop (TS) as a percentage of the distance between TP1 and TP2. If you wanted, you can leave a percentage of the order open one it reaches TP2, in which case you must manually close this part of the order when you consider it better.
You can also set the volume of the order corresponds to a fixed lot size or a percentage of calculated risk on the free margin of the account.
The EA starts its execution immediately opening an order, when it reaches the level of BE, play an alert sound, partially close the order in the percentage that you define, and move the SL at the open price. Subsequently, if it reaches TP1, closes the percentage of the order you entered and active TS based on the percentage you entered. Reaching TP2, closes the percentage to be defined. At this point you must manually close the EA.
When starting the execution of the EA, under the tab "Expert" line is displayed with relevant information of the order, ie OpenPrice, stoploss, BreakEven, TakeProfit1 and TakeProfit2. You may want to manually insert the graphic object Fibonacci starting from the OpenPrice and ending at the stoploss. Before you need to define the properties of Fibonacci levels to be used, where 0 is the SL, OpenPrice is 1, and the values you entered as level parameters, BE, TP1 and TP2, such as 2.618 (to 261.8 level).
The parameters of these EAs are:
MagicNumber
Stoploss (SL points)
FiboBreakEven (Level fibo for BE, eg: 161.8)
BECLosePer (Percentage of the order to close the BE, ie: 50.0)
FiboProfit1 (fibo level for TP1, eg: 261.8)
TP1ClosePer (Percentage of the Order to close at TP1, eg: 30.0)
FiboProfit2 (Level fibo for TP2, eg: 423.6)
TP2ClosePer (Percentage of the Order to close at TP2, eg: 20.0)
Risk (Risk Percentage calculated on the free margin, eg: 1.0)
Lots (Volumen. If 0, then the volume is calculated from the percentage of admitted Risk)
MinLots (Minimum volume to run or 0)
MaxLots (Maximum volume to be executed or 0)
TrailingStop (0 or TrailingStop calculated on TP2 - TP1. TrailingStop brother works TP1 is reached. Pe: 50.0, indicating that corresponds to 50% of TP2-TP1)
EURGBP: Close 50% (32 pips) at BreakEven level
Now 50% running with StopLoss at BreakEven
AUDCAD: Close 50% (78 pips) at BreakEven level
Now 50% running with StopLoss at BreakEven
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Hey Maudur, great results, dude, you're raking in the dough like there is no tomorrow! I'm still trying to fine tune this system... few questions:
- How many trades do you take per day? ( I seem to overtrade, I think.. )
- How do you screen your entries? ( I see you have TMS system combined with this one, is that your additional filter? I like that also.)
Help me out, man, I still seem to win one and lose one and not getting anywhere...
Hey Maudur, great results, dude, you're raking in the dough like there is no tomorrow! I'm still trying to fine tune this system... few questions:
- How many trades do you take per day? ( I seem to overtrade, I think.. )
- How do you screen your entries? ( I see you have TMS system combined with this one, is that your additional filter? I like that also.)
Help me out, man, I still seem to win one and lose one and not getting anywhere...
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Hi Pippete,
The truth is that I am learning a lot from this thread and special thanks to people like LG, Andreas and you, I'm trying to do my best.
and have read the strategy in which it is based, that is, E.A.S.Y. Method of Dean Malone (sometimes called Synergy Method).
I follow mainly the H1 4C BO strategy of LG, look like an additional filter the TDI indicator to verify RSI PL (green line) vs TSL (red line). In some post in a few months ago, LG said she was looking at this indicator and it seemed interesting, which led me to investigate it.
Additionally, since Lawgirl's Trend Indicator Display v1.02 I build Lawgirl's Trend Indicator Display STO v1.00.
Yesterday I sent 3 order, and today I sent 2 orders. The idea is to verify that all conditions are met, I do not care about quantity but quality.
Additionally I'm using my EA's SellFibo and BuyFibo. These EAs allow the money management without having to be glued to the computer. When I detect an Entry, run the EA and forget about the Order (It help me with the discipline).
One of the parameters of my EA is a risk percentage. The volume of the order is calculated with the risk percentage against the free margin of the account. For example, the orders sent yesterday and today were all with Risk = 1%, ie independent of Stop Loss, 20, 50, 100 ... 500, the maximum risk by order about my account is 1% (Whit it percentage). The EA calculates the volume to ensure that I can not lose more than that percentage of my account if the order is closed by Stop Loss.
Below is the document that explains the E.A.S.Y. Method of Dean Malone.
Special greetings and look forward to learning a lot from your interesting post.
SellFibo, and BuyFibo are two Expert Advisors that allow you to open an order to sell or buy respectively. you need to select entry point using some strategy, for example H1 4C BO or any other.
The parameters of these EAs are:
MagicNumber
Stoploss (SL points)
FiboBreakEven (Level fibo for BE, eg: 161.8)
BECLosePer (Percentage of the order to close the BE, ie: 50.0)
FiboProfit1 (fibo level for TP1, eg: 261.8)
TP1ClosePer (Percentage of the Order to close at TP1, eg: 30.0)
FiboProfit2...
The truth is that I am learning a lot from this thread and special thanks to people like LG, Andreas and you, I'm trying to do my best.
I follow mainly the H1 4C BO strategy of LG, look like an additional filter the TDI indicator to verify RSI PL (green line) vs TSL (red line). In some post in a few months ago, LG said she was looking at this indicator and it seemed interesting, which led me to investigate it.
Additionally, since Lawgirl's Trend Indicator Display v1.02 I build Lawgirl's Trend Indicator Display STO v1.00.
Special...
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Hi everyone,
I am new to forex. This is my first post on FF. I have been following this thread for some time. Like it a lot. Am trying to learn and emulate it. My path is similar to Maudur's. Disovered LG, liked it, am working on it, got TDI mentioned, went to big E's, ended up with a screen like Maudar's. Still trying to wrap my head around it. Easy to pull trigger on demo acct.. It will take time to come together.
LG- Pippete, Andreas and Maudur have kept this thread going with educational posts and meaningful discussions (unlike other threads). Your style is simple, but I think that simplicity hides the large amount of experience/knowledge and the ability to execute on it. Meaningful posts, to the point, pimples and all, with analysis of the trade (not the person) and most of all, patience with the newbie ignorance, gives some insight into what makes you sucessful. I hope to assimilate some from what knowledge you prefer to dispense.
Pippete- love your frankness. Keep on posting. why stop at gallstones, on to the pancreas! and maybe the kidneys too.
Andreas - your knowledge shows.
Maudar - love your enthusiasm. Concur with your post.
This is just a note of appreaciation. Teaching is time consuming, but teachers put up with 95%? unsuccesful students(and their shenanigans), to hopefully find the other 5%.
Thanks to all the other contributors also.
What I don't have a handle on (H1 4H BO) is which of the many breakouts is likely to follow though (ie false vs real BO). Here's where I use TDI. working it out yet. Is there something else that can help. 50-60% positive expectency unreasonable?
I forgot something important. I use candles Heiken Ashi, by the recommendations of LG. Dean Malone also use this candles in your E.A.S.Y. Method.
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Thanks s lot, M, great info. I did read most of the TMS thread recently and even have aN LG TMS combo template with HA candles so I'm very familiar with it. It's nice to see someone combine the 2 methods, I think they are 2 of the best systems on FF. (and maybe j16 also, Andreas...)
I'll try the combo next week, I like your stock indi also, triple confirmation, huh? Keep posting please, we need ur imput. Many pips to ya
Thanks Maudur for this great screening tool/indicator.
There may be a glitch... it crashed one of my MT4 programs when I first installed it.
I then changed the display to false and it shows all the pairs on the screen or just the select pair but I couldn't get it to display in the stochastic window.
