Page 1 of 3 123 LastLast
Results 1 to 10 of 29
  17 17 Attachment(s)    

Thread: FiboBars EA

  1. #1
    Administrator funyoo's Avatar
    Join Date
    Sep 2008
    Posts
    7,003

    Default FiboBars EA



    We buy on green candles,

    We sell on red candles.

    EU H1. Since 2009.

    Total net profit : 1416.43%
    RDD : 27.95%
    Attached Images Attached Images FiboBars EA-strategytester-fibobars-ea-eu-h1-gif 
    Attached Files Attached Files

  2. #2

    Default Can you add some more candlestick patterns to this EA?

    Hi Funyoo,

    This EA seems potential.

    However, to make it even better and maybe, reduce drawdown, can you modify and add followings ?

    1. When in uptrend, STOP BUYING if last candlestick is:

    a. Shooting star

    b. Bearish Engulfing

    c. Long-legged Doji (with upper shadow length > or = 2 times lower shadow).

    d. Evening star

    e. Tweezer top

    f. Bearish Harami

    2. When in downtrend, STOP SELLING if last candlestick is:

    a. Bullish Hammer

    b. Piercing Line

    c. Bullish Engulfing

    d. Morning star

    e. Tweezer bottom

    f. Bullish Harami

    g. Long-legged Doji (with Lower Shadow Length > or = 2 times Upper Shadow)

    + Please also add ECN and 4-digit and 5-digit automatically compatible. Also has external trailing stop (user can manually add the trailing stop pips on Inputs).

    By the way, I have requested for 2 EAs based on the 2 mechanical trading systems I posted few days ago. I hope you can have a look at them, and make EAs based on them, because they are very mechanical with clear profit target and stop loss, and so, easy to make EAs on such systems.

    Thanks
    Regards,
    James

  3. #3

    Default Add MTF, Moving Average and top stopp

    Funyoo:

    Nice EA. I think it could be a good one with some modifications.

    MTF:
    How about add the possiblity to use MTF (Multi Time Frame). Meaning that the Timeframe we choose need to be in line with each other to make a valid entry.
    If i for example choose 1min 15min 1H to line up with 4H which could be the main timeframe all these timeframes need to be in line before excuting a position.


    Moving Average:

    Could you also add to trade in the direction of a Moving Average (EMA, SMA, WMA). If price is under the MA we only go short and vice versa.


    Top Stopp:
    This one is perheps little more difficult... but instead of having a fix stopp loss of 200 pips or what ever could it be possible to set the stopp loss, for a short trade, X pips above the high of the higest bar between the previous time fibbar was short and the actuall short there is about to happen.

    See picture for explaining

    regards / JoLi
    Attached Images Attached Images FiboBars EA-screenhunter_01-feb-27-12-44-jpg 

  4. #4

    Default

    Funyoo,
    I agree with that stop loss of xpips above previous swing hi and x pip below previous swing low.

  5. #5

    Default entry problems

    Funyoo please check. First pic. No entry was taken, second pic is late entry?
    Attached Images Attached Images FiboBars EA-fibobars-gif FiboBars EA-fibobars2-late-entry-gif 

  6. #6

    Default incorrect entries

    wrong entries:
    Attached Images Attached Images FiboBars EA-fibobars2-wrong-entry1-gif FiboBars EA-fibobars2-wrong-entry2-gif 

  7. #7
    Administrator funyoo's Avatar
    Join Date
    Sep 2008
    Posts
    7,003

    Default

    Quote Originally Posted by james_phuc28 View Post
    Hi Funyoo,

    This EA seems potential.

    However, to make it even better and maybe, reduce drawdown, can you modify and add followings ?

    1. When in uptrend, STOP BUYING if last candlestick is:

    a. Shooting star

    b. Bearish Engulfing

    c. Long-legged Doji (with upper shadow length > or = 2 times lower shadow).

    d. Evening star

    e. Tweezer top

    f. Bearish Harami

    2. When in downtrend, STOP SELLING if last candlestick is:

    a. Bullish Hammer

    b. Piercing Line

    c. Bullish Engulfing

    d. Morning star

    e. Tweezer bottom

    f. Bullish Harami

    g. Long-legged Doji (with Lower Shadow Length > or = 2 times Upper Shadow)

    + Please also add ECN and 4-digit and 5-digit automatically compatible. Also has external trailing stop (user can manually add the trailing stop pips on Inputs).

    By the way, I have requested for 2 EAs based on the 2 mechanical trading systems I posted few days ago. I hope you can have a look at them, and make EAs based on them, because they are very mechanical with clear profit target and stop loss, and so, easy to make EAs on such systems.

    Thanks
    Regards,
    James
    Hi james_phuc28,

    Candlestickexit option added.

    The EA is already compatible with ECN, 4 and 5 digits. There is also a trailing stop.

    Quote Originally Posted by jolimoney View Post
    Funyoo:

    Nice EA. I think it could be a good one with some modifications.

    MTF:
    How about add the possiblity to use MTF (Multi Time Frame). Meaning that the Timeframe we choose need to be in line with each other to make a valid entry.
    If i for example choose 1min 15min 1H to line up with 4H which could be the main timeframe all these timeframes need to be in line before excuting a position.


    Moving Average:

    Could you also add to trade in the direction of a Moving Average (EMA, SMA, WMA). If price is under the MA we only go short and vice versa.


    Top Stopp:
    This one is perheps little more difficult... but instead of having a fix stopp loss of 200 pips or what ever could it be possible to set the stopp loss, for a short trade, X pips above the high of the higest bar between the previous time fibbar was short and the actuall short there is about to happen.

    See picture for explaining

    regards / JoLi
    Hi jolimoney,

    Filter, mafilter and autosl options added.

    Quote Originally Posted by bcajes View Post
    wrong entries:
    Hi bcajes,

    Are you sure that the indicator is well set ? (period 8, fibolevel 1). Try the new version.
    Attached Files Attached Files

  8. #8

    Default

    Funyoo:

    Great work! :-D

    But one question...

    What is "candles" under Advanced Order Management and how to use it?

    Regards / joLi

  9. #9

    Default

    Funyoo,

    I reloaded my MT4 and restarted the pc. Must be bad data. It is working now. Thanks.

  10. #10
    Administrator funyoo's Avatar
    Join Date
    Sep 2008
    Posts
    7,003

    Default

    Quote Originally Posted by jolimoney View Post
    Funyoo:

    Great work! :-D

    But one question...

    What is "candles" under Advanced Order Management and how to use it?

    Regards / joLi
    Hi jolimoney,

    It is the number of candles to consider for autosl (auto stoploss) based on highest/lowest high/low.

Similar Threads

  1. Fibobars Like EA
    By daxc in forum Ideas for expert advisors
    Replies: 11
    Last Post: 08-07-2010, 17:48

Tags for this Thread

100, automatic, average, broker, candles, candlestick, change, ecn, eur, free, high, home, how to, indicator, main, moving average, mt4, profit, profitable, programming, signal, signals, sma, stop, stoploss, support, systems, test, thank you, time, trading, trailing, trend

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •