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.
