Hi Maz,

What a cool coincidence;-) good to read you;

Am definitely interested in the final script so is Grahal;-)

I downloaded the Github code but it did not work as expected on stocks even after modifications (surely missing smthing);

May I ask you precise questions so we can use your script? Hereunder is the modified script taken from the github project

https://github.com/publicprtcode/Backtests/blob/master/autofib/FibRetrace(long)-boiler-0.01a

• I modified the script in order to adapt it to stocks to be sold at progressive levels of the Fibo grid but the selling process does not wait to reach the next levels (see image1) – which is normal as the former level is still trigering the selling order; but how can we create this level selling process?
• do we need to do smthing with in this part? (line 166)
• • // Re-evaluate price action and current strategy // …
• I don’t get this part (line 182)
  • //if t236 or t382 or t500 or t618 or t764 then
    endif
• Did you code the short part?
• Which screeners would you use to maximize this strategy?

Thanks a lot

// ============================ \
// Fib Retracement system (long)
// v 0.01a
//
// ============================ /
 
 
// -------------------------- \
// Global Settings
// -------------------------- /
DEFPARAM PRELOADBARS = 1000

equity = 1000 + strategyprofit
n= round(equity/close)
//MaxDrawDownPercentage = 10
//MaxDrawdown = Equity * (MaxDrawDownPercentage/100)
//
//
//IF OnMarket and ((PositionPrice - low)*CountOfPosition) > MaxDrawDown THEN
//Quit
//ENDIF

once positionSize = n
 
// ================================= \
// Global indicators commplied inline
// ================================= /
rsi14 = rsi[14] // required by RSI Pop
 
// -------------------------- \
// RSI-Pop Inidcator
// -------------------------- /
once rsipopOS  = 0
once rsipopOB  = 0
rsiPop = 0
if rsi14 < 30 then
rsipopOS = 1
elsif rsi14 > 70 then
rsipopOB = 1
endif
if rsipopOS and (rsi14 >= 30) then
rsipopOS = 0
rsiPop = 1
elsif rsipopOB and (rsi14 <= 70) then
rsipopOB = 0
rsiPop = -1
endif
// - END RSI-Pop ----------------------
 
 
// --------------------------------- \
// Auto-Fib (Long) Optimised Indicator
// Requires RSI-Pop
// --------------------------------- /
//fibHigh, fibLow, support, t236, t382, t500, t618, t764, ma20, ma5 = CALL "AutoFib_long"
 
once maPeriod = 34 // to eventually become dynamic
once mDD = 150
once fibSet = 0
once hH = 0
once lL = 0
once cS = 99999
 
// requreid by AutoFib
ma20 = Average[maPeriod](Close)
ma5  = Average[5](Close)
 
if not fibSet then
if ma5 crosses over ma20 then
hH = 0
cS = 99999
cbi = barIndex
else
if (close > ma20) then
hH = MAX(hH, High)
endif
if (ma5 > ma20) and (open < ma5) then
cS = MIN(cS, Low)
endif
if (ma5 < ma20) and (hH > 0) and (low < cS) then
spike = (Close<Open and Close-Low > 14) OR (Open<Close and Open-Low > 14)
//rsiPop = CALL "RSI Pop"(close)
fibSet = fibSet or rsiPop
fibSet = fibSet or (((hH-Low) > mDD) and spike)
if fibSet then
lL = Lowest[(barIndex-cbi)](Low)
endif
endif
endif
endif
if fibSet then
fV = (ma5 > ma20)
if fV then
fibSet = 0
hH = 0
lL = 0
cS = 99999
//t236 = 0
//t382 = 0
//t500 = 0
//t618 = 0
//t764 = 0
endif
lL = MIN(lL, Low)
//fibHigh = hH
fbL = lL
//support = cS // not needed at the moment
if not fV then
// Calculate fib levels
//hMS = (fibHigh-fbL)
hMS = (hH-fbL)
t236 = fbL + hMS * 0.236
t382 = fbL + hMS * 0.382
t500 = fbL + hMS * 0.5
t618 = fbL + hMS * 0.618
t764 = fbL + hMS * 0.764
endif
endif //if fibSet
// - END Auto-Fib (Long) ----------------------
 
 
// -------------------------- \
// System Defaults (do not touch)
// -------------------------- /
once currentStrategy = 0
// -------------------------- \
// Auto-Fib (Long) Optimised
// Requires RSI-Pop
// Strategy Selection
// -------------------------- /
if (not onMarket) and fibSet and (close < t236) then
BUY positionSize CONTRACTS AT t236 STOP
buyBarIndex     = barIndex + 1
currentStrategy = 1
endif
 
if longOnMarket then
 
// -- Strategy selections ---
 
if currentStrategy = 1 then
 
// exit rules
if (barIndex-buyBarIndex)>=2 and POSITIONPERF < 0 then
set target pprofit 1
endif
 
if (high > t382) then
sell round(positionsize/4) contracts at market
endif
 
if (high > t500) then
sell round(positionsize/4) contracts at market
endif
 
if (high > t618) then
sell round(positionsize/4) contracts at market
endif
 
if (high > t764) then
sell at market
endif
 
endif
 
// Re-evaluate price action and current strategy
// ...
 
endif
 
 
 
// debug -----------
//graph hH as "fibHigh"
//graph lL
//graph t236
//graph Close
//graph ma20
//graph ma5
// ------------------
 
if t236 or t382 or t500 or t618 or t764 then
endif

Image1-1.png