Disliked{quote} Hi I have a question. What those shadow lines marked with red arrow represents in screenshot? Thanks in advance. {image}Ignored
D.P.
Hunting High and Low
Autop Dynamic Grid EA - Enhanced version of Auto-Profit 3.0 768 replies
Dynamic TakeProfit & Dynamic StopLoss EA/AI/Algorithm 0 replies
Dynamic Fibonacci Grid - interactive trading 279 replies
Disliked{quote} Hi I have a question. What those shadow lines marked with red arrow represents in screenshot? Thanks in advance. {image}Ignored
DislikedUPDATE! Now the whole grid setup is integrated into one EA. (no more separate indicators) So it runs great, and should be much easier for some people to install the system. Also all settings are easily accessible from one place (press F7 or click in the upper right corner of the chart). I also added new feature - You can create SnapShots of any chart/grid with one click. Also there is the option for automatic snapshot every time you open or close a trade. All snapshots are saved automatically in directory - MT4 folder / MQL / Files /..... You can...Ignored
DislikedUPDATE! Now the whole grid setup is integrated into one EA. (no more separate indicators) So it runs great, and should be much easier for some people to install the system. Also all settings are easily accessible from one place (press F7 or click in the upper right corner of the chart). I also added new feature - You can create SnapShots of any chart/grid with one click. Also there is the option for automatic snapshot every time you open or close a trade. All snapshots are saved automatically in directory - MT4 folder / MQL / Files /..... You can...Ignored
Disliked{quote} I watch the 10 most traded pairs(with highest volume and liquidity). I uploaded the configuration of my mt4 setup exactly the way I use it every day. The correlation between the pairs is VERY important indicator! That's why I watch all ten pairs as a whole, like one system! Most retail traders often forget about this fact, and many are not even aware. Also I try to think in terms of individual currencies not just pairs. Every time you see movement, you have to ask yourself which currency is actually moving? Is this Dollar strength? Or Euro...Ignored
Disliked{quote} Hi team! I am wondering if there would be benefit to building an indicator to give a dynamic representation of the pair correlation from AO's post #38. I think I have an idea for the math behind it if someone can code it as an indicator. there may be one out there already, but I have not been able to find it. http://www.forexfactory.com/attachme...3&d=1443374981 From my understanding, all three pairs must be in balance at all times. If there is change in one of the pairs, then the other will follow suit...Ignored
Disliked{quote} This has nothing to do with the Fibo grid......Your idea is excellent, however you are at least 10-15 years too late! What you are describing is a form of triangular arbitrage. You look for temporary mispricing in the calculations of cross currencies..and profit from the discrepancy(gap) between rates, risk free. This use to be a killer strategy in the nineties and early 2000(this was before retail FX even existed) and some of the first algo traders made millions scalping the exchange rates between major banks located on different continents.....but...Ignored
Disliked{quote} Thanks AO, what I was referring to was not the Arbitrage factor, but the methodology used in the screen shot you posted on #38. If there was a way to build an indicator that can be used on one screento correlate strength of the different currency pairs in the Triad.Ignored
Disliked{quote} Hmm Ok. You look for currency strength indicator then. You want to determine which currency in a triad is the mover? You need something like this but to show the distance in pips instead of percent...and to show only the currencies in each triad http://fxtrade.oanda.com/analysis/currency-heatmapIgnored
DislikedI will share once I have worked out the kinks in live market conditions. All based on the original Fib indicator, which is actually very well coded. Cheers. {quote}Ignored
Disliked{quote} Getting closer. But as we are scalping for the most part, something measured on a tick by tick basis. And yes, only the three pairs. Of course you could have a setup for each triad. Maybe the use of arrows instead of pips as in your picture. If trading LONG on the EURJPY, you would also want to ensure the USDJPY and EURUSD are also moving LONG. This methodology could be used in conjunction with the condition of the lanes to help confirm whether to enter or not, or exit a trade early as another condition for exit should the strength vary...Ignored
Disliked{quote} I understand what you mean, but you don't really need separate indicator for this! All you have to do is look at the grids side by side. Wherever there is a movement , it is always obvious which currency is the mover and where is the trend......you don't need other indicators to see this!? The grids are calculated over fixed scale so you can compare them side by side (you can't do than in normal charts... because the price scale is variable) Here is a good example. Which currency is the mover? It is obvious that it's the EURO (going down)!...Ignored
DislikedI added optional feature to display the highest and lowest price for the day. These are important levels (the big players often watch these levels and trade around them) so it always helps to know when the price makes new high or low for the day. Also they serve as good reference points. {file} {image}Ignored