yalgaar, Hit and Run system development

Hey yalgaar,

this is what i got so far.

system: Hit and Run, by Fiddy

indicators: Nonlagdot indicator(mq4 version available)

Fractals.

tools: Fibonacci extension.

time frame: 15, 30, 1hr, 4r, daily

setup trigger: when non lag dot changes color we wait for

1 more dot.

Example for buy setup: nonlagdot changes from red to blue.
We wait for 1 more blue dot.

First find the low before the color change.(this is where its
not very clear. Fiddy says we can choose the low before the color

change or if there is another lower low close by we can use

that. So, to make is simple lets use the last fractal low.

second we find the high of the second bar that closed with

blue dot.

Now we draw the fibonacci from the low to high.

Now we wait for the price to touch the 50% retracement(or we can set a 5 pip before it touches)

there are 2 entry types i will only show the easy one. The other one is a bit messy.




after we measure from our fractal low to second high of the nonlagdot color change we wait for price to touch 50% line, soon as price touches we place our entry on top of bar that touches the 50% line. if our entry does not get triggered and there is another bearish bar that forms we move our entry to the top of this new bearish bar and so on. everything else is same.