Got it So, it should be like this right? Haha ... I think I need to work around with this fibo retracement lines Ok, I'll try it again. Thanks Zappata.
I read carefully your last post, Before I can post any comments about your use of the blessing system, Maybe you can post the manual way of trading this EA. As I remember, the length of blessing system grid is 20 pibs, Maybe posting a chart with all the expanation over it will do. Please also post the EA and the parameters change...... seems to be a nice idea.
by Waiting the 261.8 or 461.8 level for reversal entries you will loose some profitable entries, in the second hand it will have more probability to get the targets earlier (That's good because time is money), I will test it.
Within 1 week I will get a yahoo mail & Chat with you because I'm very busy these days. By the way, do not post your emails in any public forum because you will be spammed to death, any personal informations should be exchanged via private messages allowed in this forum. So edit your post & remove your email from there.
Waiting your response,
interesting idea being developed here
this is how the the blessing system started https://www.mql5.com/en/forum/176083
The adaptive abdullah grid can help to determine the areas of confluence. In the attached BMP I have chosen 3 upwaves to determine the areas of confluence:
1st area: Between 13456 & 13459
2nd area Between 13428 & 13430
Let us wait & see
This is how I conducted the trade!
Please open the chart I uploaded in my last post.
I buyed yesterday 0.1 lot at 13457 at what I beleived it's the 1st area of confluence. the price was fluctuating between 13448 & 13457. this support holds until the first hours of the european session this major support was breaked. So. I put a buy limit order at 13430 (0.32 lots) which is the second confluence area, I was filled a little while after & as forcasted by me yesterday the price bounced over from this support. I put the target to close all open orders which becomes now a resistance at the first confluence area which is 13457. I waited till the open of the american session where again the price tested the 2nd confluence area & bounced again directly to the target. This was a real live trade using my micro account of 382$ which is now 432.8$. Please see the last 2 lines of the attached file.
i just sent u a msg through YM..
Btw, about using fifth element EA, its simple..
1) choose a swing, draw a fib projection using the fib retracement based on the swing.
2) Based on the fib, determine the pip step. Example, pip step between 161.8 n 261.8. If the stepsize is too big, then choose the pip step of 261.8 and 211.8. i would normally feel comfortable with a pip step of 20 or 30.
3) load the bless EA. The pipstep n takeprofit value is the one calculated above.
4) once price hits fibo 261.8 or 161.8 (can be any 61.8s or 11.8s fib line), start the EA. It will immediately buy n sell, at the fib line.. and will continue to do so on every fib level, equivalent to the pipstep value.
Also, please start with small lots due to the fact that the ea is staging all the time in either direction.
Main disadvantage is that, after a few days or after a news release, the pipstep may differ significantly, in which the buy or sell takes place a few pips (sometimes a significant amount) off the fib lines.
Btw, i'm using the first version of the bless EA.
Oh, another thing, i trade this on a live acc but still my main trades are done manually.
emm, i wonder why this thread is not getting much attention..
i see that the current "trend" of EAs in forex-tsd are martingale based..
well, to those currently developing such systems, this thread will certainly give an idea on how to determine the correct pip step values for each currency based on swing size n fibo..
development of a martingale EA that can dynamically change the pipstep based on price swing will reduce pyramiding risks.
Most volatile movements that bust accs are due to the fact that the initial swing is large..
So, if the swing size is big, the step size becomes large as well and the pyramiding levels are justified and compensated.. not too many pyramiding levels and the acc is somehow protected against risks..
This looks like a very interesting system you are working on here. Do you have the rules for entry set in stone yet, or are you still tinkering with it?
details of the system is in post #24.