Anybody here who can create an EA based on trading-parameters mentioned in 1st post?
@ErollZach:
Where do you set Fibonacci Retracement? Do you set the Fibonacci for each side from highest high to lowest low vice versa wihtin the period?
i close all my position for today Result as below {image}
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Great job! Is this live account?
I really like this strategy but my 9-5 job wont let me follow charts as much as I want, all my hopes for this strategy are in the EA or indicator Damient said would do for this
Anybody here who can create an EA based on trading-parameters mentioned in 1st post? @ErollZach: Where do you set Fibonacci Retracement? Do you set the Fibonacci for each side from highest high to lowest low vice versa wihtin the period? Thank you Marc
can you explain the PO @61.8 FIBONACCI?
If i understand it correctly, the breakout is from the S&R which is the box. the 61.8 is inside on the box range. why PO inside?
Also the plotting of the FIB is normally from previous low to hi or prev hi to lo and depends on the trend right.
if we look at my second chart CHFJPY, the 100 is not triggered, it BO the opposite.
i like the system, but its safer if the 2nd PO is at 0.0 level not at 61.8, dont you think?
so it should be PO 100 FIB and PO 0.0 FIB
then once triggered, the plot your FIB for possible TPs and SL.
Hi ErollZach, can you explain the PO @61.8 FIBONACCI? If i understand it correctly, the breakout is from the S&R which is the box. the 61.8 is inside on the box range. why PO inside? Also the plotting of the FIB is normally from previous low to hi or prev hi to lo and depends on the trend right. if we look at my second chart CHFJPY, the 100 is not triggered, it BO the opposite. i like the system, but its safer if the 2nd PO is at 0.0 level not at 61.8, dont you think? so it should be PO 100 FIB and PO 0.0 FIB then once triggered, the plot your FIB...
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50 is my SL
entry @61.8/100
this is my trading plan.
however u can modify it to suit your trading plan
