FreelanceKategorien

EA fibo

MQL4 Experten

Spezifikation

Scope of Work .

I. STRATEGY Definition

Indicator : ABC patterns , fibonnaci level , fibo band



Entries

Buying Logic  (Going Long)

A under B and C between both

Stop loss positionned at some pips below C :1240

Define target:

Target 1 fibo 1 :1259

Target 2 fibo 2 :1254 à new stop loss = target 1

Target 3 fibo 3 :1259  à new stop loss= target 2

…..

Selling logic (Going Short)

A above B and C between both

Stop loss positionned at some pips above C

Define target:

Target 1 fibo 1 :

Target 2 fibo 2 : à new stop loss = target 1

Target 3 fibo 3 : à new stop loss= target 2

…..

EXIT

Stop Loss (see above)

Exit when hitting fibo level 1.618 or intermediate level depending of position C

 

Money Management

Calculate # lot depending on the risk level and stop loss define at beginning of trade

Pyramid principle, placing 1 additional trade each time next Fibo level is reached



 



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