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Suggestion FiboActiveBot - good tool with EA possibilities.

Hi Andy,
Thanks for your EA.
Can you tell us a bit of the strategy? otherwise we cannot really provide any suggestion for improvements or which pairs we should consider and which trading sessions is profitable.

Hi

It's a hard question, since I'm not author of this tool. As I see, it's kind of Oscillators range with trend filter... Signals are not ideal,
but come in time and still quite active (which is definetly not MA or trend indicators - they work good on big trends with delay and
never take small trends). IMHO.

I suppose, you can visually see the signals and it gives a bit more information that "strategy" name. Practice is the best way to see. IMHO
 
Hi

It's a hard question, since I'm not author of this tool. As I see, it's kind of Oscillators range with trend filter... Signals are not ideal,
but come in time and still quite active (which is definetly not MA or trend indicators - they work good on big trends with delay and
never take small trends). IMHO.

I suppose, you can visually see the signals and it gives a bit more information that "strategy" name. Practice is the best way to see. IMHO

Hello brother, may i know if u set the filter as true or false ?

Thanks
 
Hello brother, may i know if u set the filter as true or false ?

Thanks

I dont use filter... Actually, I never try it even with backtesting. I like original signals, I like the activity and quality
and I see just a few false signals - no need to use trend filter for sure... But probably in big up/down trend it could
be useful... but as I wrote in the past, I check the signals daily before I go... and if I noted bad picture - take a pause.
 
Hi Andy4Rum, how are you? Please can you guide me as robot is not taking any order wince more than a week now and both on screen buttons are active (red).

Robot has taken order only once in the beginning and since then no order. Have you experienced the same on EURSD (M30) for a long time?
Both on screen buttons should be Green not Red
 
what may make the EA better ?
add a long trend filter example MA 200
add dynamic SL and TP example use ATR ...SL = 1 x ATR and TP = 1.5 ATR (each pair have its own SL and TP, a usual error is traders dont know where to put them, so sometime is too small and the others too long and that changes every day ! so it must calced every day for every pair you trade ...)
add in lot size also lots in % of the total account example 2%
 

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what may make the EA better ?
add a long trend filter example MA 200
add dynamic SL and TP example use ATR ...SL = 1 x ATR and TP = 1.5 ATR (each pair have its own SL and TP, a usual error is traders dont know where to put them, so sometime is too small and the others too long and that changes every day ! so it must calced every day for every pair you trade ...)
add in lot size also lots in % of the total account example 2%

Thanks for sharing it. It has trend filter already, but make it same way as you mentioned - possible.
Noted.

PS: replied to all requests

Stay safe & take care
 
Hel
Hi

No, this tool is totally free... it has 2 version, original and update. Both are free.
>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)

Hello bro, if i set the COS as True

Lets say first open BUY, when the red arrow appear what will happen ?

A. It will close buy trade and at the same time take Sell position (with lot2x if enabled)

B. It will only closed buy trade without taking that sell signal...but wait for the next arrow for the trade

Which one ?i am asking here so maybe other ppl who has same question will also find the answer

Thanks
 
if open BUY and before goes to TP or SL
gives a SELL signal probably is a sideways phase ... (or trend change )
this is happen when you have the
trend filter = off
in this case it could be nice to have a sideways filter too example if ATR is less than TP no trade
or if ATR = 10 pips or less dont open new signals (i m guessing you go for more than 10 pips TP)
in other words ... this need some research
also there are other indicators that can do the same ..

the best is a long trend filter = on

one ides is use the same filter code but looking longest time frame example 1h , 4h, 1d
 
Hel


Hello bro, if i set the COS as True

Lets say first open BUY, when the red arrow appear what will happen ?

A. It will close buy trade and at the same time take Sell position (with lot2x if enabled)

B. It will only closed buy trade without taking that sell signal...but wait for the next arrow for the trade

Which one ?i am asking here so maybe other ppl who has same question will also find the answer

Thanks

Hi Reo

It will do "A"... Should be same as you described there.

Have a great day!
 
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