MK_Fib Signal EoB Fib 1 2 3 Target V1.

01 Input & Setup Description

Risk Warning:

Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is
not suitable for all investors. The high degree of leverage can work against you as well as for you.
Before deciding to invest in financial instruments or foreign exchange you should carefully consider
your investment objectives, level of experience, and risk appetite. The possibility exists that you
could sustain a loss of some or all of your initial investment and therefore you should not invest
money that you cannot afford to lose. You should be aware of all the risks associated with trading
and seek advice from an independent financial advisor if you have any doubts. Code provided by ABC
Trading Group and Christoph Kaiser is for demonstrational purposes only. Using the code in any
other manner is at your own risk. Trade placement and execution may be delayed or fail due to
market volatility and volume, quote delays, system and software errors, Internet traffic, outages, and
other factors. You accept that solely you are taking those risks, and that ABC Trading Group and
Christoph Kaiser cannot be held responsible by you if they occur, regardless of the reason.
Inputs:
EnableLongs - enables/disables long entries for the signal
EnableShorts - enables/disables short entries for the signal
EvaluateEntriesIntraBar - enables/disables evaluating entries intrabar
CheckStopsAndTargetsEoB - enables/disables the stop and target evaluation end of bar -
false will allow for intrabar stops and targets
UseEMAConfirmation - enables/disables the EMA Confirmation
ConfirmBarsALeft - number of bars to the left that are checked for a Point A
ConfirmBarsARight - number of bars to the right that are checked for a Point A
ConfirmBarsBLeft - number of bars to the left that are checked for a Point B
ConfirmBarsBRight - number of bars to the right that are checked for a Point B
EntryFib - multiplier for the entry level
FibTargetMultiplier - Fibonacci multiplier used in computing the target
TargetToStopRatio - sets the ratio that the target is of the stop; the stop will be
computed as target amount / TargetToStopRatio
EMAPrice - price input for the EMA
EMALength - length input for the EMA
SymbolHasFractionalPips - when working with Forex symbols they might display
fractional pips i.e. 3 or 5 decimals instead of 2 or 4. In case
your symbol data has fractional pips, please enable this
input so the signal can compute the correct initial stop. If
this input is not enabled, but the symbol has fractional pips
an InitialStopPips input of 20 would only correspond to 2

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 pips
UseBreakEvenStop - enables/disables moving the stop to break even
SpreadTicks - number of ticks to place the break-even stop from the entry
price
ShowLabels - enables/disables the display of Point A and Point B
TextSize - text size to use for the labels
TextColorBullish - color used for bullish swing points
TextColorBearish - color used for bearish swing points
TextFont - font used for the labels
TextShiftTicks - number of pips/ticks to shift the text labels above/below
the swing point
TextShiftTicks2 - number of additional pips/ticks to shift a text label
above/below the swing point in case there is already a label
present at this point
LockText - enables/disables the text locking to the chart, to avoid
moving them by mistake
ShowTrendlines - enables/disables the swing lines
BullishTLColor - color used for bullish swing lines
BearishTLColor - color used for bearish swing lines
TLSize - size input for the swing lines
TLStyle - style input for the swing lines
ShowStopAndTargetTLs - enables/disables displaying the stop and target values at
entry
LongTargetTLColor - color used for the long stop and target lines
LongTargetTLSize - size input for the long target lines
LongTargetTLStyle - style input for the long target lines
LongStopTLColor - color used for the long stop lines
LongStopTLSize - size input for the long stop lines
LongStopTLStyle - style input for the long stop lines
ShortTargetTLColor - color used for the short target lines
ShortTargetTLSize - size input for the short target lines
ShortTargetTLStyle - style input for the short target lines
ShortStopTLColor - color used for the short stop lines
ShortStopTLSize - size input for the short stop lines

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ShortStopTLStyle - style input for the short stop lines
LockTrendlines - enables/disables the line locking to the chart, to avoid
moving them by mistake
General Property Settings

Important:

Multicharts requires the user to set the intrabar order generation properties manually (under the
properties tab in the format signal dialog for the specific signal). By default the radio button for exits
is in the middle position, but this could block a second stop or target exit or entry during the same
bar. Therefore it’s important to set both radio button for the entries and to the first position. This
will allow that all orders can be triggered (in case the conditions are met).

Automation
In order to enable the strategy to manage the stops and targets the strategy should only be
automated in Sync mode when either EvaluateEntriesIntraBar = true or CheckStopsAndTargetsEoB =
false.
Position Limits

By default MC will only take one entry in the current direction and you have to check
the "allow up to... entry orders in the same direction". As the strategy can handle 10 entries, you can
set the number in the box to ten, too.
You should also set the direction radio button to "when the order is generated by a different entry
order". This will prevent MC from taking the same entry twice.

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Backtesting Precision

As the strategy uses intra-bar order generation to give you better fills, you should enable the Bar
Magnifier with the highest resolution possible when either EvaluateEntriesIntraBar = true or
CheckStopsAndTargetsEoB = false. This will ensure you get a more realistic backtesting result.
Personally I would always suggest working with 1 Tick resolution, but I can understand if you don’t
have huge amounts of tick data that you might want to use a higher resolution. However as you
probably know the results might be less realistic then. This only goes for the backtesting, for realtime
data the strategy processes any tick as it comes in.

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