I am developing a an RSI + Fibo EA but I want to be able to take profits at 23.6 and 38.2 but I am not sure how to do so. Can anyone help?
How to set Take profit at Fibonacci Levels?
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I am developing a an RSI + Fibo EA but I want to be able to take profits at 23.6 and 38.2 but I am not sure how to do so. Can anyone help?
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@drewliedadeuce Share your project please.. Do you have an indicator for your Fibonacci? Use the the indicator visible block to see the buffers...
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PLS IN THE MONEY MANAGEMENT CAN YOU PLS ADD ANTI FIBONACCI ?
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@kestra That option is not available in the display menu. You wil have to create a specific block structure to het the value you are looking for.
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OK, PLS WHAT DOES SEQUENCE ON LOSS AND SEQUENCE ON PROFIT MEANS ON THE CUSTOM SEQUENCE ON MONEY MANAGEMENT. PLS EXPLAIN WITH AN EXAMPLE PLS.
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@kestra Sequence on profit/loss means the next lot size when a new trade is open, depending on what happened to the last trade (profit or loss).
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@alphaomega Thanks for responding. What I am attempting is to have the fib drawn each time the RSI is overbought or oversold and have it to take profit at 23.6%
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@drewliedadeuce Why sent me this link?.. Where is your indicator and project so we can see whats up!
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@alphaomega sorry about that.
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@drewliedadeuce ... Man! you better ask andorra ... I use mt5.... rather get a Fibb pivot point indicator with buffers and load it as a condition..... much easier look in https://www.mql5.com/en/search#!keyword=fibbonacci support resistance trade
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no problem. i actually figured it out brother. thanks