mrtools wrote: Sun Feb 11, 2018 8:01 am This is an updated Mandarine Fib pivots ea using an updated T3 basic.

Some quotes from old TSD forum:

1. First of all - T3 calculation was improved for this EA to perform faster.

2. Some paratemers were added.

Range.stopLoss, Range.takeProfit, Range.trailingStop, Range.lockProfit.

It is stop loss/take profit/trailing stop/lock profit multipliers.

Means: multipliers of the range of the price taken for Range.timeFrame timeframe for Range.length bars back.

3. Fibo and conditions for buy and sell.

As we see from the code:

t3=iT3(T3_Period); //period 5

emaf11 = with period 5 for bar #1

emaf12 = with period 5 for bar #2

emas21 = with period 20 for bar #1

emas22 = with period 20 for bar #2

Condition for buy:

if(emaf11 > emas21 && emaf12 t3 && t3 = s3) return(__trendUp);
Interpretation.

This one:

emaf11 > emas21 && emaf12 <= emas22

is 2 MA indicators crossing.

With the confirmation:

- MA with period 5 should be > T3

- If UseFibpivots = true so T3 should be between support 1 and support 3 (some oversolded condition, let's say).

Condition for sell.

2 MA indicators crossing with the confirmation:

- MA with period 5 should be < T3

- If UseFibpivots = true so T3 should be between resistance 1 and resistance 3 (some overbought condition, let's say).

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So, this EA is having 2 modes inside coded:

- with UseFibpivots = false

and

- with UseFibpivots = true.

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How to instal.

1. First of all - you should select: this mod of this EA you want to use: more risky but trading more often (UseFibpivots = false), or less risky but it will not trade often (UseFibpivots = true).

I am using both (I installed 2 instances of Metatrader).

2. Download EA, place it in experts forder of your Metatrader's directory, compile in MetaEditor.

3. Timeframe and pairs.

H1 timeframe.

Pairs?

I started to use it with EURUSD, GBPUSD, USDJPY, USDCHF, AUDUSD, USDCAD, NZDUSD, GBPJPY and GBPCHF.

4. Settings.

I am using default setting with the exception:

- UseAutomatic MM.

If true - lot size will be camculated automatically based on your deposit size. If false - we will have fixed lot size.

0.1 for example, or whatever value we place in BaseLot parameter.

- UseFibpivots as true or false.

I said about it above.

- MagicNumber.

MagicNumber should be different for different pairs.

- EcnBroker. If your account is SPT type so use this EcnBroker to true.

The new t3 is using a filter for price, or t3 values or both if desired.