Set and Forget: Fibo Pending Order Systems | Page 4 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Systems, Systems and Systems... 1 reply

Attachments: Set and Forget: Fibo Pending Order Systems
Exit Attachments

Set and Forget: Fibo Pending Order Systems

  • #61
  • Oct 17, 2018 8:44am Oct 17, 2018 8:44am
Quoting Timr89
Hi guys, A small update from my side. First day in, for now I am testing on GBP/USD. First and foremost, who ever wants to try this. I advise you to edit your FIB settings and FIB comments to the settings from the first post. This makes setting pending trades so much easyer since you can clearly see SL, entry and TP on screen. My first buy order got hit today but my sl got hit also. I put my TP @ point two but I drew the fib line incorrectly I guess. Sell order got filled minutes later and made up for the loss. I will keep you updated
Also make sure you using right fibo for the method. I only trade 5-8am box method A and that is what all my screenshots are based on.
EX BBMA trader focusing on REE code.
  • #62
  • Oct 17, 2018 12:35pm Oct 17, 2018 12:35pm
Quoting Simontw
GU came through again. M15 view. {image}
Guys.. looks below system is far better than this, Trading is simplified
https://www.forexfactory.com/showthr...4#post11595574
  • #63
  • Oct 17, 2018 1:48pm Oct 17, 2018 1:48pm
Hi Simontw,
I stumbled onto your thread today and this is something I've been looking for. Love the idea of an overnight breakout system with predefined stops/losses.

Anyways I decided to test the strategy myself today. I am calculating using all your fib numbers using the 1am EST - 3:59am EST Asian session swing high and low.

I am getting great results.. so good that I am going to wake up early tomorrow to trade live.
I am doing this in the Euro CME futures market and I am trading with a couple conditions..

1- I am trading 3 Futures contracts on my entry stops. thus I can exit 1 future at each exit point.
2- Once my 2nd Profit Targets trades then i immediately move my stop from the fib level to Break Even.
3- Do not enter trade after 12pm noon EST
4- Exit all positions at the CME futures settlement time of 3pm EST

I backtested.. by hand up from September 3rd-October 17.
Total profit excluding fees/commissions = +$9,518

There were 40 trades entering either L/S in that time frame.

Anyways I will post more tomorrow and be a regular in this thread going forward.

Cheers!
  • #64
  • Oct 17, 2018 7:24pm Oct 17, 2018 7:24pm
Quoting RimJim
{quote} Guys.. looks below system is far better than this, Trading is simplified https://www.forexfactory.com/showthr...4#post11595574
Everyone has to find what works for them.
Please start your own thread, the only focus here is the method described in post 1.
EX BBMA trader focusing on REE code.
  • #65
  • Oct 17, 2018 7:25pm Oct 17, 2018 7:25pm
Quoting Chargin17
Hi Simontw, I stumbled onto your thread today and this is something I've been looking for. Love the idea of an overnight breakout system with predefined stops/losses. Anyways I decided to test the strategy myself today. I am calculating using all your fib numbers using the 1am EST - 3:59am EST Asian session swing high and low. I am getting great results.. so good that I am going to wake up early tomorrow to trade live. I am doing this in the Euro CME futures market and I am trading with a couple conditions.. 1- I am trading 3 Futures contracts on...
Sounds good. slightly different I think in times that you entering but whatever works for you. Keep us updated.
EX BBMA trader focusing on REE code.
  • #66
  • Oct 17, 2018 8:32pm Oct 17, 2018 8:32pm
Quoting Simontw
{quote} Sounds good. slightly different I think in times that you entering but whatever works for you. Keep us updated.
Thanks
Can you clarify by why they are different entry times?
Does 5am - 8am GMT as stated in post 1 not equate to 1am - 4am EST?
  • #67
  • Oct 17, 2018 11:05pm Oct 17, 2018 11:05pm
Quoting Chargin17
{quote} Thanks Can you clarify by why they are different entry times? Does 5am - 8am GMT as stated in post 1 not equate to 1am - 4am EST?
If it is the same then I stand corrected. I am in Asia and just work off GMT.
EX BBMA trader focusing on REE code.
  • #68
  • Edited 2:53am Oct 18, 2018 1:51am | Edited 2:53am
GU so far today....we may get buys later today.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 118 KB


We got the buys.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 119 KB
EX BBMA trader focusing on REE code.
  • #69
  • Oct 22, 2018 3:00am Oct 22, 2018 3:00am
Buy order got hit.
I must say I love this system, only thing is that I need to get up early.
An EA should be amazing for this
  • #70
  • Oct 22, 2018 3:19am Oct 22, 2018 3:19am
Quoting Timr89
Buy order got hit. I must say I love this system, only thing is that I need to get up early. An EA should be amazing for this
Great to hear.

Yes consistency is really nice with this method.
EX BBMA trader focusing on REE code.
  • #71
  • Oct 27, 2018 7:53am Oct 27, 2018 7:53am
Maybe interesting for you(the 2nd EA:
https://www.forexrobottrader.com/forex-robots/
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 157 KB
Click to Enlarge Name: Screenshot2.png Size: 150 KB
Click to Enlarge Name: Screenshot3.png Size: 125 KB
Vucking good EA coder... https://t.ly/AZjRM
  • #72
  • Oct 27, 2018 7:59am Oct 27, 2018 7:59am
Quoting reteid2222
Maybe interesting for you(the 2nd EA: https://www.forexrobottrader.com/forex-robots/ {image} {image} {image}
Hi thanks for sharing.

But the feedback on that site and the owner are really bad.

Plus all his 'results' are all pretend

I will trade it manual for now.
EX BBMA trader focusing on REE code.
  • #73
  • Oct 27, 2018 9:42am Oct 27, 2018 9:42am
Quoting Simontw
{quote} Hi thanks for sharing. But the feedback on that site and the owner are really bad. Plus all his 'results' are all pretend I will trade it manual for now.
No problem...is on my coding list...
The results are all fake...no time fits to the price...
Vucking good EA coder... https://t.ly/AZjRM
  • #74
  • Oct 30, 2018 3:47am Oct 30, 2018 3:47am
Are you guys still trading this?

This week on GU

Monday
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 123 KB



Tuesaday
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 120 KB
EX BBMA trader focusing on REE code.
  • #75
  • Oct 30, 2018 5:15am Oct 30, 2018 5:15am
Quoting Simontw
Are you guys still trading this? This week on GU Monday {image} Tuesaday {image}
yes, for now I stick to the GBPUSD pair. The only problem that I have is that I am not always able to set the orders at 8 GMT.
I want to extend this week to EURUSD.
I must say it again: The simplicity and consistency of this is madness
  • #76
  • Oct 31, 2018 3:15am Oct 31, 2018 3:15am
Quoting Timr89
{quote} yes, for now I stick to the GBPUSD pair. The only problem that I have is that I am not always able to set the orders at 8 GMT. I want to extend this week to EURUSD. I must say it again: The simplicity and consistency of this is madness
Awesome glad to see someone is using it
EX BBMA trader focusing on REE code.
  • #77
  • Oct 31, 2018 3:17am Oct 31, 2018 3:17am
TP1 again.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 121 KB
EX BBMA trader focusing on REE code.
  • #78
  • Oct 31, 2018 3:29am Oct 31, 2018 3:29am
On my phone so no chart:
GBPUSD
0.382 - BUY SL 1.27125
1.1 - SAFE BUY 1.27240
1.3 - BUY TP1 1.27272
1.618 - BUY TP2 1.27323
2.2 BUY TP3 1.27416
all three TP hit within 30 minutes after breakout

EURUSD
0.382 - BUY SL 1.13429
1.1 - SAFE BUY 1.13556
1.3 - BUY TP1 1.13591
1.618 - BUY TP2 1.13647
2.2 BUY TP3 1.13750
Longs opened, lets see.
  • #79
  • Oct 31, 2018 4:54am Oct 31, 2018 4:54am
Quoting Timr89
On my phone so no chart: GBPUSD 0.382 - BUY SL 1.27125 1.1 - SAFE BUY 1.27240 1.3 - BUY TP1 1.27272 1.618 - BUY TP2 1.27323 2.2 BUY TP3 1.27416 all three TP hit within 30 minutes after breakout EURUSD 0.382 - BUY SL 1.13429 1.1 - SAFE BUY 1.13556 1.3 - BUY TP1 1.13591 1.618 - BUY TP2 1.13647 2.2 BUY TP3 1.13750 Longs opened, lets see.
Fingers crossed you hit tp.
EX BBMA trader focusing on REE code.
  • #80
  • Nov 3, 2018 6:35pm Nov 3, 2018 6:35pm
Hi,

first of all, thank you very much for your efforts in helping others and sharing content Since I conider myself still a newbie, especially when working with the fib, I just want to make sure to get the pending orders right (for method A):

So I basically set 2 pending orders. One buy order at SAFE BUY and one sell order at SAFE SELL with their TP and SL levels. If I want to use TP1 and TP2 for buy and sell, I have to put 4 pending orders, but both buy orders with the same buy SL and both sell order with the same sell SL, right ?

Sorry for this basic question
1 trader viewing now