Fibonacci type set, for EURUSD and adjustable for other pairs

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Yannis Latroche
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Hello my set set here isn't complex

It use fibonacci retracement with other indicators for entry

And I left stochastic for exit

I've made a set for 2.34 and 2.30 just in case

The risk i've put by default is for account growth, reduce as you wish

Gonna put it in demo and live after a test period

I've put both anti and martingale for 2.34 and 2.30 can use one or another

Image 1592

Image 1593

I've adjusted for some pairs to see and the backtests were good so try if you want, the huge advantage with this EA is that you can modify as it fit for you


Fibo.set


Fibo230.set

I'm still gonna work on it to see what could be improve,

Regards

MT version:
Set for MT5 only
EA version:
2.34 / 2.30
Symbol:
Many many ... maybe
TimeFrame:
M5
Replies 96
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ArbTrade

I don't know why, but simply activating another indicator (ZZ, H8) changed a lot the behaviour, even without specifying any action. 

Here's the set file: 

FiboZZH8_NoAction.set

Here's the result. 

v

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Andrey Khatimlianskyi
Quote from ArbTrade

Thanks for the reply. You mean setting on the indicator (i.g. Identify order) the "Open martin on" parameter to "Open on collective signal"? Does this not open a martingale on the reverse direction (same new direction of the indicator)? Anyway I try.

Yep, just try, it is not hard )

You can use any mode. On individual signal, on collective signal (in association with other indicators).

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ArbTrade
Quote from Andrey Khatimlianskyi

To stop opening new martingale orders you should use "Open martin on" parameter.

Thanks for the reply. You mean setting on the indicator (i.g. Identify order) the "Open martin on" parameter to "Open on collective signal"? Does this not open a martingale on the reverse direction (same new direction of the indicator)? Anyway I try.

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Andrey Khatimlianskyi
Quote from ArbTrade

This was achieved by simply activating "Close on collective signals" on the Identify Trend (1D) option of your setting. If I got it correctly, now trades are closed when the indicator reverses. 


Unfortunately, I did not find a way to simply stop opening new orders when an indicator reverses.

To stop opening new martingale orders you should use "Open martin on" parameter.

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ArbTrade

This was achieved by simply activating "Close on collective signals" on the Identify Trend (1D) option of your setting. If I got it correctly, now trades are closed when the indicator reverses. 


Unfortunately, I did not find a way to simply stop opening new orders when an indicator reverses.

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ArbTrade

I try to be more explicit. 

Case 1: Martingale orders are placed correctly and with profit. 


Case 2: if only a 1D indicator is used, the martingale orders will continue even if the market has reversed. They will continue until the 1D indicator reverses. It might be too late. In this case can be useful to have a second faster indicator to catch the reversals. 



This situation should be handled using the following options but I'm not sure how this can be employed. 


Moreover, I do not understand how do you use the first oscillator: 

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i_solaris

Hi, I've noticed that the result of your test is 10000 (with the deposit of 1000 it is very good). I tried with the deposit of 20000 the result is the same almost the same. I think the reason is in the method of lot size calculation. With the SL and % of risk it doesn't much depend on the amount of depo. Tried to increase the risk -  DD is more then 50% :( Anyway the set is perspective to improve to my mind.

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ArbTrade

I've also noticed that you did not use the collective signals on the Identify Trend 1D indicator. It means that the martingale will be open even if the identify trend is in the opposite direction. 

I've made a first test using ZZ indicator 12H. 

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Yannis Latroche
Quote from ArbTrade

The stop loss % limit remains a good solution. (25% works well for me). However, I think that, to avoid opening positions in the wrong direction, it might have sense to use another indicator. 

Using too much indicator could be bad, but some could be worth trying (big candle for example) 

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ArbTrade

The stop loss % limit remains a good solution. (25% works well for me). However, I think that, to avoid opening positions in the wrong direction, it might have sense to use another indicator.