I currently have an automated strategy built that I am looking to have 2 indicators and a condition added into it to invalidate signals. My current developer is on vacation for another 2 weeks + is backlogged for who knows how long.
I need the fibonacci pivots and VWAP added to the strategy so that the trade WONT signal if the profit is going to be within a standard deviation of the VWAP and/or a fibonacci pivot. Basically I don't want to be trading into a potential reversal area. Both indicators would have a checkbox to either use or not to use. The standard deviation for both would also be adjustable.
I'd like it to invalidate a signal if the price action hits the profit target before filling the order (condition based) (see example below)
As you can see above, the price went up, hit the fib pivot as well as the profit target, before coming down and filling the order - I'd for the entry to be cancelled if it hits the profit target before filling the order.
Here are some examples of trading into a fib pivot.
This trade went long but as you can see it took the trade after already getting to a fibonacci pivot - so the strategy with these 2 indicators added, would know to invalidate the trade
Above is a short signal that had its TP right around the fibonacci pivot point, which I don't want it to take since that pivot point line is just a general area, and not an exact area (which is why I think having a standard deviation to create a zone would be beneficial).
If this is something you think you could do, please let me know and provide a quote.
Much appreciated!
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