I suggest adding an option to the Fibo filter, when the first and last trades in the martingale series are used as extremes.
Why might this be useful?
There are scenarios when a very fast rollback occurs
Any indicators are very late during such rollbacks, and I want to use % fibo retracement as one of the exit filters
Example:
This will allow you to make extra profit in such equity surges:
You mean you want to close the series when the price goes 67% from the last trade?
It seems it should be add to the TP calculation modes, not to the Fibo filter.
What should EA do when the only 1 trade is open?
You mean you want to close the series when the price goes 67% from the last trade?
It seems it should be add to the TP calculation modes, not to the Fibo filter.
What should EA do when the only 1 trade is open?
Yes, not necessarily 67% (this is an example). N-%
This exit method was intended only for the series (intended to be used as an additional exit method through Active Period - Activate after trades number >=2).
Yes, not necessarily 67% (this is an example). N-%
This exit method was intended only for the series (intended to be used as an additional exit method through Active Period - Activate after trades number >=2).
Makes sense.
Renamed the topic to better reflect the idea. Let's vote.
Maybe if you share how you have it set up, you could set "close in profit" and open a martingale on each new candle.