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Suggestion FiboActiveBot - good tool with EA possibilities.

604Forex said:
Hi Andy4Rum.

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?
Click to expand...

Yes, that's right! Once you get an alert and arrow - trade will be opened automatically. Original version has 2 tardes on full auto, than you need to
click on Next but/sell again to make it green. The v.2 that I send you soon (on the way to computer yet) - it has full auto, but better to limit it by
filters like time etc... to avoid clear and cycle trading... I made a note on page 82
 
Andy4Rum said:
Yes, that's right! Once you get an alert and arrow - trade will be opened automatically. Original version has 2 tardes on full auto, than you need to
click on Next but/sell again to make it green. The v.2 that I send you soon (on the way to computer yet) - it has full auto, but better to limit it by
filters like time etc... to avoid clear and cycle trading... I made a note on page 82
Click to expand...

Thanks Andy! received your email.

So theoretically if I have the COS option enabled, whenever a reversal arrow appears it should close the existing trade, and open up a reversal trade?
 
Andy,
The use of Lot2X is not a good way to increase profit. If the last trade was a loss, what makes the EA thinks that the next trade will be a win and justify 2X lot size?

A better way to do is this as an example: (I don't know the strategy of FiboActive, so I cannot suggest any improvement).
Let say you have an EA that use RSI 30 and 70 as oversold/overbought. if RSI goes to 80, then it is extreme overbought and justify lot 2X( or goes to 20 for extreme oversold). This has a higher probability of a win. This method makes more sense than just relying on the last trade to increase lot size.
 
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...
Hello.
Could you please send a copy to [email protected] ?
 
locatradey said:
Andy,
The use of Lot2X is not a good way to increase profit. If the last trade was a loss, what makes the EA thinks that the next trade will be a win and justify 2X lot size?

A better way to do is this as an example: (I don't know the strategy of FiboActive, so I cannot suggest any improvement).
Let say you have an EA that use RSI 30 and 70 as oversold/overbought. if RSI goes to 80, then it is extreme overbought and justify lot 2X( or goes to 20 for extreme oversold). This has a higher probability of a win. This method makes more sense than just relying on the last trade to increase lot size.
Click to expand...

highly agree,
should be a clear way to enbable lot2x option after the loss trade. Previosly, based on signals, we face with quite rare range with 2 losses in line.
That was the reason to use it that way. But I do agree with you, if we may add special condition to activate this option - could be much better. Of
course, some "lot2x wins" could be missed, but risks to get SL with lot2x worth it.
 
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