PLS help in adding Fibonacci money management to DCA
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Pls I need help in adding FIB money management to this robot. It works excellently but I don't just know how to add the FIB money management to its DCA. I want it to open same trade pips away from loss trade with FIBONACCI money management and not fixed money management in the DCA. Thanks a million
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Pls I need help in adding FIB money management to this robot. It works excellently but I don't just know how to add the FIB money management to its DCA. I want it to open same trade pips away from loss trade with FIBONACCI money management and not fixed money management in the DCA.
https://fxdreema.com/shared/NbpcDQrGb
Thanks a million -
Tell me how fib money management works, maybe I can help you
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@jstap Fibonacci money management strategy on a DCA increases the lotsize of each successive trade by adding the value of the previous two losing trade. So if first say SELL trade with lotsize of 0.01 was a loss, it opens another with 0.01 lot again at a specific pip level. If the second is a loss it opens another with 0.02. If the third is a loss it opens another with 0.03, then 0.05, then 0.08, then 0.13 and so on. Fibonacci money management adds up the last two figures to get the value of the present figure...Thank you
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So it's a kind of martingale strategy, you can do this with standard blocks, set up a variable starting at 0.01, in separate trees to your on tick buy/sell tree on trade (for each closed trade, on trade closed by SL - check consecutive losses - modify variable to 0.01 - place buy using the lot variable if less than 2 (orange output) or yellow output for each closed trade set to 1- last trade lot size in a loop saved into a variable - for each closed trade set to 2- trade lot size in a loop saved into a variable - formula block and save the result into the lot variable -place trade with the lot variable. Set this up and test, inform us of any problems and add a shared link.
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@jstap thank you for the reply. I could only complete 50% of my project while my subscription was active. Let me process the final things needed before I sub again so I don't end up sorting it while my sub is counting. pls I would need you guys assistance on this . thank you
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I am about 60% done on one of my project. Pls can BUY/SELL trade in profits be used to close BUY/SELL trades in loss? that is fully close trade(s) in profit but partially close those in loss.
pls how can this be incorporated into this project.
https://fxdreema.com/shared/JlfnhwX5c
thank you very much.
