[quote]dylanlau posted: hey miru, your bot is really good. at that rate, i suppose u r already a millionaire????[wink] [/quote] If it worked he wouldn't be screwing around with a contest for 2,500.

If you're interested in using fibonacci numbers, you should read part of the book "High Probability Trading Strategies" by Robert Miner, in chapter 4 titled "Beyond Fib Retracements", he explains how you can mix Fibonacci expansions and Fibonacci retracements to find high probability reversal points. I know I've found it helpful, and I haven't absorbed all of the information yet.

What's the risk to reward ratio? I was looking at the stoplosses, 1000 pip stoplosses? really?