Hi Mr Tanaka and all ea Masters!
This is last night results from this fib channel swing strategy with basket close averaging and NO martingale, there are many times this professional ea doesn't trade due to filtering out the zone between 61.8 levels, but when it trades it's almost always profit due to high probability reversal
I want to make ea similar to Easistan you see it's trading results, it's very stable and default tf is 4hr, super signal works great on 4h too much better accuracy
Big moves = big avg positions = big profit does have drawdown but it rewards with incredible pips
Close logic is very similar to hamster scalping
Entry criteria is:
As price rises beyond upper 61.8 sell, falls below lower 61.8 buy VERY simple
Need extra levels 78 and 100 added to indicator and user defined option to trigger entry on 23.5 38 50 61.8 78 100 true false, I tried to code the extra levels but failed
As it continues against us it places next order averaging into position, user defined step default 350 pts, user defined step increase 3%, number of orders default 20, order lot size increase default 3% user defined
Maybe we could have a entry logic selection to use fib channel tf, use super signal tf, as this reversion averaging system is powerful
This is the logic pictured in the trades placed overnight on $600 live account, it's now $1200 ;-)
It hedges itself on 28 pairs
Exit is 3 options,
1 super signal v3 exit sugnal minor OR major signal option selectable
2 Pips, user defined, basket close all positions on pips
3 Trailing stop basket close if possible could be the key to extreme level of pips as their system is known to be able capture up to 1000 pips i know it's hard to believe that
Indicator settings fibo channel
120 period mamethod 2 is ema, ability to change the period, ability to change bars count to filter erratic or extrema historic price action from fib channel calcuration ;-)
Lol and i think if we can do this we will realize automated swing trading suxxess
We must look at how the fib channel derives it's data to calc levels, idont know if atr weekly range what, but it's different than the bulutkarli channel which is AWESOME, please overlay both indicator on same chart to see level difference his purple arrow is the 61.8 cross trigger, set fibo channel to 120 pd mamethod type 2
We must figure out the kanal g101 fib level calculation method today and mimic this with the fib channel or it will be expired tomorrow as it's a demo only til 15th! Unfortunately for us the clock is ticking!
His trading is a result of a fibonacci channel filter to only trade outside extrema of selectable levels
https://www.forexfactory.com/galip#acct.99
I see his logic somewhat
His ea is awesome, you are awesome programmer, we can see similar results eiwi this fib levels swing trading..
Horizontal line on last screenshot on the BEAST represents the 61.8 fib level you can see the positions averaging into place, who knows how rough the beast will ride today hope he doesn't throw me off and eat my account! He ate enough yesterday!
THANKS FOR HELPING!
This will be awesome!
