Hi folks and fellow traders,

in this thread, I would like to discuss "High Probability Fibonacci Zones" as referred to in the attached PDF-file.

In order to make your trades more predictable and the trader more comfortable with their positions, we will have to find answers to the three basic questions of HPFZ.

No.1 - How often will a pre-defined Fibonacci Zone be reached?

No.2 - How often will a High Percentage Support Zone be the low zone for the day?

No.3 - How often will a predefined High Percentage Resistance Zone be the High Zone for the day?

The attached PDF says, in order to define the Fibonacci Zones for tomorrow, we will have to look the High + Low + Close of today and then project the Zones for tomorrow.

Step 1 - Creating the Zones

Add today‘s H+L+C divided by 3 = Balance Point C

Calculate 50% of today‘s range and add it to C = D

Calculate 50% of today‘s range and substract it from C = B

Add the entire day‘s range to the Balance Point C = E

Substract the entire day‘s range Balance Point C = A

Step 2 - Adding Fibonacci Support/Resistance Bands 1&2

Support Band 1 - Calculate .618 of the day‘s range and substract that from the Balance Point C = B1. (The area between B and B1 = Fib-Sup-Band 1)

Calculate 1.382 of the day‘s range and substract that value from the Balance Point C = A1. (The area between A and A1 = Fib-Sup-Band 2)

Calculate .618 of the day‘s range and add it to the Balance Point C = D1 (The area between D and D1 = Fib-Res-Band 1)

Calculate 1.382 of the day‘s range and add it to the Balance Point C = E1 (The area between E and E1 = Fib-Res-Band 2)

That‘s it for the day‘s preparation. The whole method of HPFZ is based on the question of „Given a certain close-open-combination, will there be a projectable and (highly) probable zone the market is going to reach?“

Therefore it is necessary to analyse a lot of data, which cannot be done by hand, and I will do my utmost to come up with a suitable solution. I am not in programming MQL, but I‘m quite famiiliar with php and MySQL, and as I can export data from MT4, I can analyse them based on the „rules of HPFZ“ in the familiar environment of a database.

As soon as I have finished this analysis, I will post the data here.

If you‘re interested, let me know and just leave a comment. You‘re welcome.

in this thread, I would like to discuss "High Probability Fibonacci Zones" as referred to in the attached PDF-file.

In order to make your trades more predictable and the trader more comfortable with their positions, we will have to find answers to the three basic questions of HPFZ.

No.1 - How often will a pre-defined Fibonacci Zone be reached?

No.2 - How often will a High Percentage Support Zone be the low zone for the day?

No.3 - How often will a predefined High Percentage Resistance Zone be the High Zone for the day?

The attached PDF says, in order to define the Fibonacci Zones for tomorrow, we will have to look the High + Low + Close of today and then project the Zones for tomorrow.

Step 1 - Creating the Zones

Add today‘s H+L+C divided by 3 = Balance Point C

Calculate 50% of today‘s range and add it to C = D

Calculate 50% of today‘s range and substract it from C = B

Add the entire day‘s range to the Balance Point C = E

Substract the entire day‘s range Balance Point C = A

Step 2 - Adding Fibonacci Support/Resistance Bands 1&2

Support Band 1 - Calculate .618 of the day‘s range and substract that from the Balance Point C = B1. (The area between B and B1 = Fib-Sup-Band 1)

Calculate 1.382 of the day‘s range and substract that value from the Balance Point C = A1. (The area between A and A1 = Fib-Sup-Band 2)

Calculate .618 of the day‘s range and add it to the Balance Point C = D1 (The area between D and D1 = Fib-Res-Band 1)

Calculate 1.382 of the day‘s range and add it to the Balance Point C = E1 (The area between E and E1 = Fib-Res-Band 2)

That‘s it for the day‘s preparation. The whole method of HPFZ is based on the question of „Given a certain close-open-combination, will there be a projectable and (highly) probable zone the market is going to reach?“

Therefore it is necessary to analyse a lot of data, which cannot be done by hand, and I will do my utmost to come up with a suitable solution. I am not in programming MQL, but I‘m quite famiiliar with php and MySQL, and as I can export data from MT4, I can analyse them based on the „rules of HPFZ“ in the familiar environment of a database.

As soon as I have finished this analysis, I will post the data here.

If you‘re interested, let me know and just leave a comment. You‘re welcome.

Attached File

FTJ14.pdf 524 KB | 2,601 downloads