by Sensible » Tue Nov 15, 2022 12:15 am
Thanks Apprentice,
I am grateful for approving the request of this EA and the development of it.
Please I will like to make correction to this AutoFibs TZ_EA its not working according to plans Sir.
The auto Fibonacci tradezone plots the retracement levels between 0 and 100%. If the market is bearish, the zero is at the top and 100 points at the bottom and vice versa. Essentially, after reaching a new high, the market tends to retrace up to the various Fibonacci retracement level. Since Price doesn't usually reversed or rebounds at 23.6% & 76.4% Fibonacci level depending on it current direction which is my area trade target. I will like to put BUY STOP & SELL STOP (breakout/cross) at 23.6% & 76.4% Fibonacci level depending on it current direction.
Also help to include the period of autofibs on the input parameter so that I can reduce it from 240 period And with a simple input to understand and used
Please Help me to correct this.