Rule Sell based Fibonnacci and candle

[Ontrade]

Friends, how could I make a rule to open a sale negotiation with 5 seconds left to close the candle if this candle has a larger wick at the top and is very close to the fibonnacci line.

@roar and u can help me?

[l'andorrà]

@ontrade Can you please give more detail aboy that 5 seconds rule? I do not understand it correctly, I guess.

[TipsyWisdom]

I think first you would need to give the EA some point of reference of time.

When do you want to start the timer? For how long each time do you want the time check to continue?

Sounds something like this;
Establish point of time reference, if no trade, check time, after X time, check for these conditions, if these conditions are met, do this, if those conditions weren't met, do this. If trade...?

[Ontrade]

@l-andorrà @l-andorrà and @jsauter86
what I want is for the decision to buy or sell to happen 5 seconds before the candle closes.

For example:
If the rule is: If the closing of the candle crosses the line of fibonnacci 61.8 above, BUY.

If I put it on fxdreema it would be something like:
closing plug x> fibonnacci 61.8.
The way I want it is that if I am in a 1 minute timeframe when I have 55 seconds of candle formation, if this current candle has already crossed and is larger than the fibonacci line it should already authorize the purchase.
It is as if I was getting ahead in 5 seconds to make my purchase, I don't want to wait for the candle to close before making a decision.

[l'andorrà]

@ontrade Do you have any initial project to begin with?

[Ontrade]

I have, already get what I wanted, thank you very much I used a personalized indicator and created a condition for when the indicator reached the value 00:05 he opens the order.

[biztet]

Hi @Ontrade , how are you?
Could you please share with me the indicator you use for fibo lines?
Or if you do it in fxdreema, can you share with me the blocks please.
Thank you very much.

[l'andorrà]

@ontrade Good for you! Congrats.

[Ontrade]

@biztet Hello friend, I am not using any indicator, I just use the "draw fibonnacci" block that is exactly here where I inform in the image.

[biztet]

Thanks @Ontrade .
Could you please help me with the setting please with other blocks required.
I'm really blank here.
Sorry...

[Ontrade]

@biztet Hello friend, explain to me everything you need to know if I will be able to help you, I usually connect a pass block exactly the way I put it below and it already works.

[biztet]

Thanks @Ontrade .
I found this indicator on the net, and i really love the entry line from this specific fibo indicator attached. I couldn't find other fibo indicator that gives the same or better signal.

0_1600613853465_fibo01.ex4
0_1600613864369_fibo01.mq4

Regarding the mq4 file, sorry i can only find the decompiled one, not the original.

And so my mission is now to draw the same fibo line (Entry+TP1 only) using fxdreema tools, hoping to get the same line for my EA so that i can exclude the external indicator in my EA.

If you run the indicator, you will find 2 different object name, its for buy & sell, different name, fb & fs.

I'm hoping you can also help me with this one.

[Ontrade]

@biztet I put it on the chart and noticed that it gives values, but to replace it I believe that you have to know the calculations of this fibonnacci, I am not a text programmer, maybe some programmers here can help more than me. I would only be able to create an EA that could use this indicator to make tp and sl entries at the levels indicated by it. If this helps I can try to help make it work.

[biztet]

Thank you for your effort @Ontrade . I appreciate your help.
I believe this simple strategy can make a decent EA.
It's up to you to give it a try and i can also test it.
From my observation this fibo01 gives more than 70% the right trade direction.
That's why i see it will be useful.