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    Posts made by Adetunjicaleb

    • RE: Hedging with Boom and Crash index

      @jstap https://fxdreema.com/shared/ium5GGuke

      This is the shared link of what I have managed to do on this

      posted in Questions & Answers
      A
      Adetunjicaleb
    • RE: Hedging with Boom and Crash index

      @jstap I have abandoned that project. It seems too complicated for me. However, I have a new one that I am still testing out. It is also boom and crash but I will share the shared link with you.

      Let me first explain what I want the bot to do.

      Its a boom market, say Boom 1000 Index.

      1. Price is to be above an EMA 35 on the Minute 1 (M1) Timeframe

      2. A spike (which is a long bull candle (a big body size minimum of 5pips) appears.

      3. A Fibonacci retracement is drawn from the beginning of that Spike Bull candle to the end up. This Fibonacci reads 100 at the beginning of the candle down, 61.8, 50.0, 38.2, 23.6, and 0.0 at the end of the candle up.

      4. Whenever the price (the small bearish ticks candle reaches the 38.2 level of the Fibonacci retracement, the bot should open a buy position

      5. Take profit is immediately after another spike or at the TP value set in the bot

      6. Once the price ever gets to the 61.8 level, the bot should close that trade (as a stop loss).

      posted in Questions & Answers
      A
      Adetunjicaleb
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