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Fibo Levels in EA

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23
amando 2009.05.20 01:51
 

Hello


i'm looking for the possibillity to creatre an EA with FIBO Levels


this means as example


i have 1.4368 as high = 100%

and 1.3569 as low = 0%


how i can create the fibo level as example 127 or 161.8


is there a standard calculation in MQL4 or i must create it for myself?


kind regards


 
We are waiting for the jump EUR / CHF?
We are waiting for the jump EUR / CHF?
Vasilii Apostolidi | 26 November 2014, 20:24 | Views: 80
Last week, with EUR / CHF for the first time in two years is very close to the established Swiss National Bank (SNB) level of 1.2, updating at least 1.2008. This result was the logical outcome of which lasted from May last year downtrend, one of the drivers of which was more favorable economic situation in Switzerland compared to its main trading partner - the euro area.
avatar
4
sunpack 2009.05.20 02:20 #
 
amando wrote >>

Hello

i'm looking for the possibillity to creatre an EA with FIBO Levels

this means as example

i have 1.4368 as high = 100%

and 1.3569 as low = 0%

how i can create the fibo level as example 127 or 161.8

is there a standard calculation in MQL4 or i must create it for myself?

kind regards

Hello Amando,

I am also creating an EA using FIBO. I found that I had to manually apply the formula. To find your retracement levels on a uptrend use the following:

C = B — (B — A) x N

so to find C (your potential level to buy)

B - Your High

A - Your Low

N - Fib level (.382, .500, .618, etc.)

example

B - 121.40

A - 119.30

N - .382

C = 121.40 - (121.40 - 119.30) X .382

C = 121.40 - (2.1) X .382

C = 121.40 - 0.8022

C = 120.5978 (rounded 120.60)

So 120.60 would be your your 0.382 retracement.

Hope this helps.

Also check out this website - http://www.forexfibonacci.com/calculate_fibonacci_levels/04/

Finding the low fairly simple (since it has happened in the past) but to determine the correct high, a bit more challenging. My testing so far is close but now working on adding a bit more intelligence to pick the optimal high. If you have time let me know how you are planning to do this. :)

 
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