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Suggestion FiboActiveBot - good tool with EA possibilities.

Every EA has 2 part:

1. Entry criteria. If you programmatically changed entry criteria, then it is a different EA, you need to give it a new name, otherwise it will be confusing. Unless your optional settings that can be turned on or off. The less settings the better in my view.
There is a confusion between Martingale and grid.
A grid is opening new orders while the existing orders is still open and closing all orders together when the basket turns profitable. The orders can all be the same lot size or different.
Martingale means open next order with higher lot. i.e. the previous order close with a loss. This is still only 1 open order at a time unlike a grid.

Martingale is used for EA with low loss rate(consecutive loss), since the next order is likely to win and recover previous losses.


2. Managing trades. This includes SL, TP, trailing etc. This does not change the entry criteria.

If the concept of the EA is not profitable, then it should be abandoned. But if it is profitable, use it as it is or just make minor tweaks.

Lastly, I like to mention that a good EA needs to be able to continue where it left if the MT4 get restarted etc or VPS gets rebooted. This criteria applies to all good programs whether it is used for trading or banking or e-commerce.
 
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locatradey said:
Every EA has 2 part:


2. Managing trades. This includes SL, TP, trailing etc. This does not change the entry criteria.

If the concept of the EA is not profitable, then it should be abandoned. But if it is profitable, use it as it is or just make minor tweaks.

Lastly, I like to mention that a good EA needs to be able to continue where it left if the MT4 get restarted etc or VPS gets rebooted. This criteria applies to all good programs whether it is used for trading or banking or e-commerce.
Click to expand...

Thanks a lot for yoyr time and point of view!
 
Hi

is there any way to split the COS option. For example, close with the opposite signal only profit, loss or all trades.
This can be done with a drop-down list, so as not to take up much space in the inputs bar.
 
zamans98 said:
guys =, why not just upload version 2 here, instead of asking one by one.

those who got it, at least 15 pax, do your part
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Hi

Origianl version is available. As for update (v.2 with full auto, all new options, backtest etc) - that was my private request, I paid
for these modifications. That was my little contribution. But I share this version free with those traders who want to try it instead
of original one and simply like the idea. I keep it private and don't want to spread everywhere.

I'm working on new corrections for v.3 by now.
 
Andy4Rum said:
Hi

Origianl version is available. As for update (v.2 with full auto, all new options, backtest etc) - that was my private request, I paid
for these modifications. That was my little contribution. But I share this version free with those traders who want to try it instead
of original one and simply like the idea. I keep it private and don't want to spread everywhere.

I'm working on new corrections for v.3 by now.
Click to expand...

ok, great, didn't know

in that case, please extend a copy to my email
zamans98@yahoo dot com (do not want harvester get my email)
 
Hi Andy4Rum.

Would you be able to email me the new version to 604forex@gmail[dot]com? Looking forward to trying out the new version.

I just downloaded the first version.

Am I correct in stating that the EA will automatically put in a buy/sell order once the blue/red arrow appears? (provided buy/sell orders is enabled).
or
I could watch on my own and manually put in a trade once an arrow appears?
 
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