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:
Example 1
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
// Unit: 1min
//History: 15k
// Fibonacci
t=60
ll=Lowest[t](low)
hh=highest[t](high)
BUY100LotsATMARKET
// 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
IFClose<fibo236Then
SET TARGETPROFITfibo236
ExitIndex=Time+t*0.382
ELSIFClose<fibo382then
SET TARGETPROFITfibo382
ExitIndex=Time+t*0.5
ELSIFClose<fibo50then
SET TARGETPROFITfibo50
ExitIndex=Time+t*0.618
ELSIFClose<fibo618THEN
SET TARGETPROFITfibo618
ExitIndex=Time+t
ELSE
SET TARGETPROFITfibo100
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 ?
Your topic is moved from French forum to English forum as you chose to use English language. Also within sub-forums topic is moved from “ProBuilder” forum (indicator codes, finishing by return line) to “ProOrder” forum (strategies and backtests, codes with buy sell set target set stop etc… keywords)
Please find these rules, and other rules to follow when using these forums, in the yellow box that must be read just above the “submit” message button.
.
