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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1
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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0
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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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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0
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

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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0
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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0
Andrey Khatimlianskyi
Quote from 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

What set do you compare it to?

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ArbTrade
Quote from Andrey Khatimlianskyi

What set do you compare it to?

Sorry, that was my error. The behaviour is the same. 

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ArbTrade

I'm still trying to understand how the FiboHedge can be improved. I would be grateful if any of you could have a look at the EA behaviour on 2017 05 12 and following days. 

The EA keeps opening shorts as soon even if the general trend is up. Which indicator is causing this behaviour? It seems indipendent from the Fibonacci retracement. It would be something related to the Martingale. 

In my opinion this is the key to avoid FiboHedge collapsing. 

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0
Yannis Latroche
Quote from ArbTrade

I'm still trying to understand how the FiboHedge can be improved. I would be grateful if any of you could have a look at the EA behaviour on 2017 05 12 and following days. 

The EA keeps opening shorts as soon even if the general trend is up. Which indicator is causing this behaviour? It seems indipendent from the Fibonacci retracement. It would be something related to the Martingale. 

In my opinion this is the key to avoid FiboHedge collapsing. 

Thid set is still a lab, we can either chose longevity or growth but in the end it could be improve I guess but on chart I think it start a sell cycle that didn't end up in the good direction so it took trades to close in profit but didn't work good


What I could suggest you is a fixed lot so that with good capital and little sized positions it will now crash (I think) 

I'm working on multiple sets so I can't put all my time on it right now