Backtesting the Fibonacci
Sure, sounds like it can be done. You just have to define it so that it's not subject to interpretation. Fabo, traders I've read about so far like to be subjective. The back-tester runs a conflict of ideology for them. That's my guess as to why you haven't seen these EA's.
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Hello,
With no success, I have been going through various forums to find out if anyone has posted how to backtest a Fibonacci sequence.
I know that it's either difficult (or impossible) because it solely depends on the person drawing the sequence and also the variations in price action, but I think it can be done using a ratio or percentage scale (rather than specific price-points) based on what is drawn.
Any thoughts or advice would be helpful.