Hi there,

I’m totally new in “trading” and Pro Builder so I may ask noob question here 🙂
I would need a feedback from your experience:

Fibonacci Time Zone: I’m trying to optimize my positions by exiting if they have not reached the Take Profit on time. To do that I calculate a Fibonacci target price along with a Fibonacci Time zone in which the target should be reached. However I feel I’m not doing the proper way. I have tried two different calculations:

Example 1:

// Unit: 1min
//History: 15k


// Fibonacci
t = 60
ll = Lowest[t](low)
hh = highest[t](high)

BUY 100 Lots AT MARKET

// Fibonacci
fullrange = hh - ll
fibo236 = ll + fullrange*0.236
fibo382 = ll + fullrange*0.382
fibo50 = ll + fullrange*0.5
fibo618 = ll + fullrange*0.618
fibo100 = ll + fullrange
//Reset hh and ll
hh=-1000
ll=1000
IF Close < fibo236 Then
     SET TARGET PROFIT fibo236
     ExitIndex = Time + t*0.382
ELSIF Close < fibo382 then
     SET TARGET PROFIT fibo382
     ExitIndex = Time + t*0.5
ELSIF Close < fibo50 then
     SET TARGET PROFIT fibo50
     ExitIndex = Time + t*0.618
ELSIF Close < fibo618 THEN
SET TARGET PROFIT fibo618
ExitIndex = Time + t
ELSE
SET TARGET PROFIT fibo100
ExitIndex = Time + 1.382*t
ENDIF

Example 2: I just switched “Time” by Tradeindex

Both provide benefits on two weeks period but I’m not sure it’s the correct way of using both Fibonacci and Fibonacci Time Zone.  Indeed I can see that most of y position are closed on “Exit” so does it mean the Take Profit has been triggered ? (C.f. screen shot attached)

Night Fees: most of my positions are held on market during the night do you know if the backtest takes into account the night fees ? What is the impact ?

Thanks for your feedback.

Kaci.

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