Nobody really knows. — This is an age old adage Invisible. Place a fixed SL which gets hit and then watch price turnaround and hit the TP, Or place no SL and watch price run off into the distance wiping out much of the gains. In backtesting ...

Steve Hopwood's Fib Target-level retracement auto-trader: compliments Simone

Very Nice results on H1 for Steves FTLC. — Totally agree Steve, I have been running your bot on the H1 for four days this week. It has performed incredibly well. I think if the potential drawdown can be addressed, you have got a bot with huge ...

Steve Hopwood's Fib Target-level retracement auto-trader: compliments Simone

Hats off to you Steve. — I've been Live demo trading your EA on H1 eight major pairs. 14 Trades so far all have closed profitably. So far results look very promising. It seems as though market retracements are more likely to succeed than trend ...

Steve Hopwood's Fib Target-level retracement auto-trader: compliments Simone

100% of the previous bar is a safe distance. Usually 61.8% (161.8% extension) above it is where the retracement should commence. However at this point in time, Steve Hopwood's Fib Target-level retracement auto-trader is highly accurate, and shutting ...

Steve Hopwood's Fib Target-level retracement auto-trader: compliments Simone

Fx Compass EA retracement trades only. — Hey Steve, price ranging seems to be really hurting the results on this EA. Is it possible to make it a retracement trader only. In other words, disable all trades from 0/100 out to 138 Fib. Thanks in ...

Steve Hopwood's Fib Target-level retracement auto-trader: compliments Simone

TG SincSpectrum divergence. — The divergence is the biggest indication of price direction. But I'm not sure if a robot is capable of being programmed to identify this divergence and then use it to confirm trade activation. If it can, then you ...

Steve Hopwood's Fib Target-level retracement auto-trader: compliments Simone

My understanding Steve, is that it operates along the lines of a stochastic oscillator. Although the wave uses different input values. The bottom of the wave is seen as oversold, whilst the top of the wave is seen as overbought. Price is expected to ...

Steve Hopwood's Fib Target-level retracement auto-trader: compliments Simone

Filter Indy. — Hey Steve, Here is the indy. Settings are 5,25,0,5,2,0 Only sell if at or above 0 line. Only buy if at or below 0 line. No repainting issues either.

Steve Hopwood's Fib Target-level retracement auto-trader: compliments Simone

Filter for EA. — Hi Steve, After much searching, I believe I have found a filter which may suit one or both EA's. Is it much trouble to incorporate it in ?

Steve Hopwood's Fib Target-level retracement auto-trader: compliments Simone

Latest RSI fix version — Hey Steve, latest version is forward testing perfectly so far. 3 pairs, EU, GU and AU. M15 all pairs. All trades winners and no losers. Well done.

Steve Hopwood's Fib Target-level retracement auto-trader: compliments Simone

Stevefx — Steve, I have had a good look at QQE, it stops quite a few fake entries whilst not preventing the right ones. What are your thoughts on settings and which version do you like ?

Steve Hopwood's Fib Target-level retracement auto-trader: compliments Simone

Very nice Steve, the Fibo retrace buy 23.6 is coming up between the 0 and -38.2 It needs to be between the 50 and 0. Otherwise all is excellent. I am currently checking out the qqe for trade filters as recommended.

Steve Hopwood's Fib Target-level retracement auto-trader: compliments Simone

Hey Steve, I mean the upcoming FX Compass robot. I think the RSI levels you have posted will suit well. The tricky part with this is going to be tight ranging markets. Normally on manual entries I assess previous SR levels before pulling the ...

Steve Hopwood's Fib Target-level retracement auto-trader: compliments Simone

It works on all pairs, best time of day when market is moving = Europe and US sessions. I like quick in and out trades. Longer trades make me sleepy

Steve Hopwood's Fib Target-level retracement auto-trader: compliments Simone

A picture tells a thousand words. — Because of the Fib ratios, a losing trade is compensated by a bigger winner opposing it. Enjoy....

Steve Hopwood's Fib Target-level retracement auto-trader: compliments Simone

Thanks Steve, the RSI would be a good addition to this EA as well. In other words the EA basis its final decision to enter based on the RSI value. Not quite sure how the RSI filter works, is it only sell if RSI above 50 and only Buy if RSI below 50 ...

Steve Hopwood's Fib Target-level retracement auto-trader: compliments Simone

Stop Loss. — Each time price finds its way into the zones between 0 and 23.6 and 100 and 78.6 it has entered a significant support resistance zone. No stop loss is used because a trade is triggered in either direction depending on whether it ...

Steve Hopwood's Fib Target-level retracement auto-trader: compliments Simone

No problems Steve. — Gladly Steve, 1. Fib the previous days high to low as you do. 2. Price through 0 or 100 Fib, enter trade with 138.2 Fib as target. 3. If price reverses back into the inner Fibs and hits the 23.6 or 78.6 then first trade is ...

Steve Hopwood's Fib Target-level retracement auto-trader: compliments Simone

High Probability outcome. — Steve, have you considered the retrace from the 0/100 fibs to the 38.2/50 and 61.8 ? This is primarily how I trade within the inner Fib levels. I'm trading off M15 with the previous days candle being fibbed.

Steve Hopwood's Fib Target-level retracement auto-trader: compliments Simone

161.8 Final Level. — I think your T2 level is the 161.8 extension. This for me is the last stand. If it gets to the 200 extension (especially with a candle close past this level) more often than not, I have found that it is going to continue ...

Steve Hopwood's Fib Target-level retracement auto-trader: compliments Simone