Thread: HL Fibo Trader

We take the highest value and the lowest value of the x last bars. We have a range (highest-lowest).

Then we calculate 6 different levels, equal to lowest+range*y ratio.

Two levels are used for the entry (long and short, dotted lines) and four levels for the exit on profit (bold lines) and loss (dashed lines).

Code:

extern double ratiolong=0.618;           // long entry
extern double ratioshort=0.382;          // short entry
extern double ratioexitlong=1.0;         // profit
extern double ratioexitshort=0.0;        // profit
extern double ratioexitlong2=0.382;      // loss
extern double ratioexitshort2=0.618;     // loss

EU M30. 2010.

Total net profit : 3103.22%
RDD : 29.37%

Note : the indicator is not needed. Test first with fixed lots then adapt the mm according to your broker trading conditions.

Download : HL Fibo Trader (available in the Elite section).

New version.

EU M30. Since 2000.

Total net profit : 1465.41%
RDD : 29.11%

Download : HL Fibo Trader (available in the Elite section).