Creating an EA with fibonacci
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I need help creating an EA with fibonacci then when the candle hits the value the trades enter.
Please this would help I don’t know if this is possible.
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You would first need to say the logic entirely for someone to help.
What are the starting fib points is a good place to start....identifying your condition.
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1.618 level or 0.5
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@zae fXdreema is not as efficient at plotting fibos as it is calculating them. I strongly recommend you to calculate levels instead of plotting them on chart. On the other hand, jsauter is right. The whole strategy should be shared before moving on.
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@l-andorrà Can you help me on how do we create an EA, where we enter positions when Candle closes above Fibonacci % Levels ? I compiled one, but throwing some error[0_1624325615050_fibo Breakout.ex4](Uploading 100%)
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@sharat125 Can you please share the link to the project instead of uploading the file? That will make it easier to look at.
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Here is the link shared/BxfqEJzme
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looks like you put a bunch of random stuff together and called it an EA to try to get someone else to do something for you. haha. At least put a little effort in, find some old projects, based on fibs....surely a quick search in the top right corner and you'll find tons of people who have more than likely already pursued using a fib for trading.
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@sharat125 I think I get the idea. However, I don't like to use the 'draw fibonacci' block. I tried it in the past and it is not as intuitive as it should be. I would recommend to use direct math calculations instead and variables. You know where top and bottom of the fibo should be. Insert those prices into variables and then calculate the requred % as a simple division. That should skip all drawing part.
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@l-andorrà Thanks. I think formula is the best idea.
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@sharat125 You're welcome.
