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Suggestion FiboActiveBot - good tool with EA possibilities.

Bobzee said:
Hello everyone I think it will be in the very interest of the EA owner and poster to start receiving feedback on forward tests already performed since inception of this thread. All I see here is just email addresses and requests. The purpose of this topic will defeated if we don't start sending historical data of demo and live trades, by the fiboActiveBot.
Click to expand...

Hi Bobzee

I have shared some tactic details, just in case, will put it below. Tool got many options based on demands, to make it work for most trader (who requested I mean),
backtest and optimization allow huge possibilities to go. I think, everyone can find a way for own neews now... I will post later the point of my tactic, basd on backtest
as example for 1 pair / 1 week (to show why I come to this etc). Since this is not clear EA or quite flexible with pairs - there is no way to copy-past the strategy. I suppose,
human support still small part of it.
 
I use clear SL/TP... main options for me COS and LOT2X
(I use 20-25 TP, SL as 80 (but only with COS, it helps to avoid SL anyway) and Lot2X)
Anotherway, small sl as 25 - but cos disabled.

But I suppose, main idea that helps - check the past activity on each pair ( I use to take
5-9 past signals) and if it was well - I use that pair, if signals were bad - just stop.

I use to take 5 pairs, but start trading on 1-3 based on past picture. Also, normally 3-4
trades on each pair. I cant add all this thing into sets, at least - the latest one - so... I do
some manual efforts, which are quite simple.

>Original version is still there, I'm share just updated version by requests.
 
Last edited by a moderator:
Andy4Rum said:
I use clear SL/TP... main options for me COS and LOT2X
(I use 20-25 TP, SL as 80 (but only with COS, it helps to avoid SL anyway) and Lot2X)
Anotherway, small sl as 25 - but cos disabled.

But I suppose, main idea that helps - check the past activity on each pair ( I use to take
5-9 past signals) and if it was well - I use that pair, if signals were bad - just stop.

I use to take 5 pairs, but start trading on 1-3 based on past picture. Also, normally 3-4
trades on each pair. I cant add all this thing into sets, at least - the latest one - so... I do
some manual efforts, which are quite simple.

>Original version is still there, I'm share just updated version by requests.
>Full source with VIDEO and details: http://www.eliteit4u.com/fab1.htm
>(clear download link - and full explanations)
Click to expand...
Hello Andy
So you are suggesting I turn off live trades from mt4 on my VPS and trade only with the signals?
 
Elchin said:
Sorry but this robot loose money but not gain . I have FiboActiveBot NEW v2.
Click to expand...

It depends on way you are using it... I showed my way with simple sets... and I made 3 backtests for 1 month by now... with 3 types of sets on eurusd...
all these sets I mentioned above and each tests show profit. I consider backtesting as knowledge tool. But strategy is quite simple.

I did the test just today, but sets I posted a while ago... because nothing I changed there since first usage. Bacjtest is the way to get some ideas in sets etc.
will post today

One I can tell you for sure... if you consider it as "set & forget" style - it wont work. I do just simple steps - and it helps.
PS: once again - i never used all options we added. I used simple ones that almost all available in original version.

P.P.S: I will reply on all requests today
 
Ahmad Khan said:
Thanks for the detailed reply.

Please tell me what is COS stands for and when Lot2X applies as I back tested it and never noticed any new order picked rather bigger lot.

Also why robot get's disabled after closing order on TP. Does it need to be turn ON everytime when it closes the order?
Click to expand...

Do you use original version? COS - close on opposite signal option. If you have BUY trade, but SELL signal appears - this order will be closed.
Lot2X helps to increase lot size twice after a loss trade.

Original version is limited in trades. Advanced allow to trade without limits. It's free, I can share if you have just the original one.
 
Andy4Rum said:
It depends on way you are using it... I showed my way with simple sets... and I made 3 backtests for 1 month by now... with 3 types of sets on eurusd...
all these sets I mentioned above and each tests show profit. I consider backtesting as knowledge tool. But strategy is quite simple.

I did the test just today, but sets I posted a while ago... because nothing I changed there since first usage. Bacjtest is the way to get some ideas in sets etc.
will post today

One I can tell you for sure... if you consider it as "set & forget" style - it wont work. I do just simple steps - and it helps.
PS: once again - i never used all options we added. I used simple ones that almost all available in original version.

P.P.S: I will reply on all requests today
Click to expand...
Could you share your settings. How do you get such a good results. Please explain me step by step
 
Hi everyone,

I want to share some tactic ideas with you. New_v2 has wide possibilities and
options, allow optimization and backtest. I dont consider backtest as something
outstanding - but it helps to learn more about options and affect to final results.

I know that we can make good profit in optimization, but I dont find it useful too
much for future trading... it works well just in the past and sets were optimized
for exact price quotes in the past. I dont like test for a long time period - results
are just too average and still - definetly good for past performance.

I use backtesting in case to find out the affect of option in different circustamses.

Main feature of the FAB - you can visually see each signal in the past and I have tested
it a lot - it doesnt repainted. It means, we can consider past signals for some future
decisions.

Tip #1:

I love EURUSD, GBPUSD, GBPJPY, EURJPY pairs a lot. Most of the time, fluctuations are
really good. I use to check past 5-9 signals and based on WL and picture (visual) -
take a decision about activate or disable trading on each pair. It helps to take the
best. And it doesnt matter if I leave just single pair.

Tip #2:

I dont make it too much complicated. I use traditional things. I dont have VPS at the
moment and use MT4 just active time (I mark it as 7 to 20 GMT). I suppose, this time
period is quite good and safe. Also, I'm able to run it without any problems on laptop.

As for settings - I prefer 3 ways:
1) TP 25 SL 30 - Lot2x enabled - TSL with late start, to allow price touch the TP.
Normally, it looks like Tstart 6, Tlevel 12... it means TSL starts on 18 Pips... which
is quite away from the SL and pretty close to TP. You don't risk too much to get just
small profit by TSL. Friday trading is disabled.

2) TP 25 SL 90 - COS enabled - Lot2x enabled - TSL with late start, to allow price touch the TP.
Normally, it looks like Tstart 6, Tlevel 12... Friday trading is disabled.

Almost same as above, late TSL allows to get good chances for TP. High SL helps to avoid SL on
DD due news reasons etc. COS helps to avoid SL... I faced with SL ... I suppose, never... it
could be a reason on big news... but most of the time - signal changes quite fast and you get
out by COS.

A bit more risky from the 1, but still like it a lot.

3) TP 25 SL 90 - COS enabled - Lot2x enabled - Friday trading is disabled.

I suppose, that TSL and BE... these options take lots of possible profit from one hand, but
make it safer for trading on price reversals... But I think, this way is quite good as well.
Take clear TP instead of small profit by TSL/BE options.

Anyway, since my last expiriences with LATE TSL start - I find this way as worse. But still
exist and open for possible testings.

============================================================================================
I have attached 3 screenshots from backtesting on GBPJPY with these sets for 1 month (20/03 to 20/04)
The best results comes from sets #1, than sets #2 and the latest place for sets #3

I suppose, it could be much better if I did optimization etc... But I dont find it useful...
I just use sets and tactic I use to use normally.

If you like other options, you can always find solution and make analyze... everythings is open
in latest version I shared. If you dont find it useful - I'm sorry, I cant do anything else for you.

If you find it useful - I'm happy and will try to do the best I can for future updates. I'm not
full time trader, it's kind of hobby by now. I'm learning a lot lately. All my thought - just my
honest opinion and I dont want to argue or proof anything else. I just want to say, that I used
and tested a lot of tools in the past... and this one - one of my favorites. I have few others,
and I will definetly share it here soon...

Stay safe!
PS: just once again - all things above - just IMHO.

1month_start7_end20__fridayFALSE__TP25__SL30__LOT2Xtrue_TSLstart6level12.png 1month_start7_end20__fridayFALSE__TP25__SL90__COStrue_LOT2Xtrue_.png 1month_start7_end20__fridayFALSE__TP25__SL90__COStrue_LOT2Xtrue__TSLtrue_6start12level.png
 

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  • 1month_start7_end20__fridayFALSE__TP25__SL90__COStrue_LOT2Xtrue_.png
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