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
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Yannis Latroche
Quote from ArbTrade

Can you please post the latest version of the set file (v 2.38)? Since this morning (after updating from 2.36 to 2.38) I did not get any trade. Thanks. 

I did not update my live EA unfortunately, i don't it on purpose but i'll do what i can

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Yannis Latroche

I might delete myfxbook and create mql5, free myfxbook is capricious with the update it annoys me to redo the update manually

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ArbTrade
Quote from Yannis Latroche

I did not update my live EA unfortunately, i don't it on purpose but i'll do what i can

Thanks. It would be great because at the moment the EA is dead. 

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ArbTrade

The account is working back again. 

In order to solve the issue with the May 2017 account blow up, I've tried an interesting option. 

This is what happens (April June 2017 focus) with the default settings (Fibo hedge set): 

This is the same set but with the Sum Stop Loss % equal to 15%

What do you think? Can it be an option to avoid blowing up the account?

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Yannis Latroche

New signal (MQL5)

Can't delete myfxbook but i'm not using it anymore

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Yannis Latroche
Quote from ArbTrade

The account is working back again. 

In order to solve the issue with the May 2017 account blow up, I've tried an interesting option. 

This is what happens (April June 2017 focus) with the default settings (Fibo hedge set): 

This is the same set but with the Sum Stop Loss % equal to 15%

What do you think? Can it be an option to avoid blowing up the account?

I tried you idea but 15% was too tight to be profitable, but it securise the capital so i put 50% and it did great to me, try it with differents values and keep me updated

Nice idea tho thanks i'll update my set after further tests

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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. 

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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

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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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.