i have make this system just for fun but it can make good money maybe
i dont know it that lost all the money in trading range
buy if all fibo line break up + ixao green
sell if all fibo line break down + ixao red
i have make this system just for fun but it can make good money maybe
i dont know it that lost all the money in trading range
buy if all fibo line break up + ixao green
sell if all fibo line break down + ixao red
I will test it if you post indicators, better if you post the template too.
thank you in advance.
It sure looks good on charts......
what is this fibo indicator can you post it please?
thanks
//+------------------------------------------------------------------+
//| Bands.mq4 |
//| Copyright © 2005, MetaQuotes Software Corp. |
//| Forex Trading Software: Forex Trading Platform MetaTrader 4 |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2005, MetaQuotes Software Corp."
#property link "http://www.metaquotes.net/"
#property indicator_chart_window
#property indicator_buffers 7
#property indicator_color1 DimGray
#property indicator_color2 C'0,128,0'
#property indicator_color3 C'128,0,0'
#property indicator_color4 C'0,192,0'
#property indicator_color5 C'192,0,0'
#property indicator_color6 C'0,255,0'
#property indicator_color7 C'255,0,0'
//---- indicator parameters
extern int BandsPeriod=200;
extern int BandsMAMethod = MODE_EMA; //"SMA0,EMA1,SMMA2,LWMA3;//price Close
extern int BandsShift=0;
extern double BandsFiboDeviation1=0.3820;
extern double BandsFiboDeviation2=0.50;
extern double BandsFiboDeviation3=0.618;
//---- buffers
double MovingBuffer[];
double UpperBuffer1[];
double LowerBuffer1[];
double UpperBuffer2[];
double LowerBuffer2[];
double UpperBuffer3[];
double LowerBuffer3[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- indicators
SetIndexBuffer(0,MovingBuffer);
SetIndexBuffer(1,UpperBuffer1);
SetIndexBuffer(2,LowerBuffer1);
SetIndexBuffer(3,UpperBuffer2);
SetIndexBuffer(4,LowerBuffer2);
SetIndexBuffer(5,UpperBuffer3);
SetIndexBuffer(6,LowerBuffer3);
//----
for (int i=0; i<indicator_buffers; i++) SetIndexDrawBegin(i,BandsPeriod+BandsShift);
//----
return(0);
}
//+------------------------------------------------------------------+
//| Bollinger Bands |
//+------------------------------------------------------------------+
int start()
{
int i,k,counted_bars=IndicatorCounted();
double deviation;
double sum,oldval,newres;
//----
if(Bars<=BandsPeriod) return(0);
//---- initial zero
if(counted_bars<1)
for(i=1;i<=BandsPeriod;i++)
{
MovingBuffer[Bars-i]=EMPTY_VALUE;
UpperBuffer1[Bars-i]=EMPTY_VALUE;
LowerBuffer1[Bars-i]=EMPTY_VALUE;
UpperBuffer2[Bars-i]=EMPTY_VALUE;
LowerBuffer2[Bars-i]=EMPTY_VALUE;
UpperBuffer3[Bars-i]=EMPTY_VALUE;
LowerBuffer3[Bars-i]=EMPTY_VALUE;
}
//----
int limit=Bars-counted_bars;
if(counted_bars>0) limit++;
for(i=0; i<limit; i++)
MovingBuffer[i]=iMA(NULL,0,BandsPeriod,BandsShift,BandsMAMethod,P RICE_CLOSE,i);
//----
i=Bars-BandsPeriod+1;
if(counted_bars>BandsPeriod-1) i=Bars-counted_bars-1;
while(i>=0)
{
sum=0.0;
k=i+BandsPeriod-1;
oldval=MovingBuffer[i];
while(k>=i)
{
newres=Close[k]-oldval;
sum+=newres*newres;
k--;
}
deviation=BandsFiboDeviation1*MathSqrt(sum/BandsPeriod);
UpperBuffer1[i]=oldval+deviation;
LowerBuffer1[i]=oldval-deviation;
deviation=BandsFiboDeviation2*MathSqrt(sum/BandsPeriod);
UpperBuffer2[i]=oldval+deviation;
LowerBuffer2[i]=oldval-deviation;
deviation=BandsFiboDeviation3*MathSqrt(sum/BandsPeriod);
UpperBuffer3[i]=oldval+deviation;
LowerBuffer3[i]=oldval-deviation;
i--;
}
//----
return(0);
}
//+------------------------------------------------------------------+
thanks for posting
No trade must be part of trade!
You posted a forum, there is confusing about ixao indicator ,
some people telling different concepts.
on-stop profits in Forex trading
This indicator doesn't work. After compilation I got 2 faults. What's going on? Someone knows?