This strategy sets a grid of stop orders once price touch one Fibonacci weekly pivots. This works very well for scalping as the price touch a pivot level. Take care when you work with grids because drawdown could be very high. Study with alarms is available at request.
Please use comment section for any feedback. Next improvement (only to whom is interested to this script and follows me): study with alerts on multiple tickers all at one. Leave a comment if you want to have access to study.
********************************** IMPORTANT******************************* I have developed an expert advisor for metatrader4 (MT4) and for jforex platform: results of expert advisor form 2015-01-01 to 2018-11-25 are very good with low drawdown and good profit. ********************************************************************************
Also, you mention stop orders, do you mean limit orders? Or do you mean you stop buy/sell when it met pivots and left the area?
d14b0ll0s
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Unfortunately it doesn't work -- max. number of orders reached. Would you mind uploading another version or code?
blaise90000
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Hello Freeman, testing out the script on various indices, stocks, forex, etc, and on all time frames. I would enjoy testing out the study with alerts on multiple tickers all at once. Thank you for your hard work.
gal1le0_
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Hello :). I would like to access the study.
OV2023
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Hi, how can I see the script? thank you.
OV2023
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Hi freeman, I saw your post and interested in the script, can you please send it to me the latest version, appreciated!
TheBullishMan
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Hi there. Can you please share your study? I'm really interested
Canundo
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How can one protect against price going into the wrong direction?