DislikedTrying out just 1x0.01 and only TP at TP1 Maybe gonna try 2x0.01 and TP at different level. Seems like a good quick scalp if tp at TP1 {image} {image}Ignored
EX BBMA trader focusing on REE code.
Fibo Fibo Fibo 14 replies
set & forget/low maintenance systems 10 replies
MT4 Order Pending Order/Order Modify Issue 1 reply
How do differentiate between Fibo and Fibo TimeZones? 4 replies
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DislikedI still donīt have understood where and when you do place the open session of the fibo (50%) I did have read the thread of Phantom; something I have understand. I have modified the fibo as Phantom teach. I find a little complicated to place such fibo. It needs to adjust continuously the graphic to place the fibo. Nevertheless, it is interesting.Ignored
Disliked{quote} Hi, let me try to clarify. For method A you use todays Asian range. The high to the low. Notice it is completely different fib settings for method A. On the last candle of Asian place the fib and place the pending orders on the chart where the fib tells you to. Done. No continuous movement of fib. Method B - If you are trading London then you use the previous days London session to measure the fibs. Then on the last candle of Asian session you place the fibs (50% Session open line) on top of candle (if that candle was bullish or under if...Ignored
DislikedRemember this is only done for method B. Here is the process. At the end of Asian session you draw the FIBO from the highest point of Asian session to the lowest. Now double click the fibo and click and drag the middle dot. {image} Place this on the top (if bullish) of the last candle of the session. Or bottom of the candle (if bearish). {image}Ignored
Disliked{quote} Please can you upload the Fibo indicator that enables one to move the 50%? Thank you.Ignored
DislikedHi Simontw, been trying to find a decent timeframe for a breakout box for awhile, and the 5-8 GMT seems to hit the mark quite nicely. I have backtested the GU and will backtest the UJ. Looks promising! You have 3 TP's, how do you manage that with a single 0.01 lot or do you have 3 single 0.01 lots, how do you manage your trade? I understand the problem initiating pending orders, since price can move very quickly.Ignored