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Simple Zigzag + Fibonacci Strategy

  • #481
  • Sep 15, 2021 3:12pm Sep 15, 2021 3:12pm
Quoting helioss
{quote} I use only fibo_analysis. I don't use it as a black box, but it is so useful to find area to trade. As trend filter i use ADX. This is my setting {image}
Ahh ok, so you use the fibo analysis to find to find the s/r and take the trade if the adx supports it?
  • #482
  • Sep 16, 2021 3:37am Sep 16, 2021 3:37am
Quoting helioss
AUDUSD, this could be a good area to SHORT {image}
Perfect movement on AUDUSD.....

@jra1295: as u can see on this example AUDUSD was SHORT, fibo_analysis indicator show me the potential reversal area of pullback.....quotes went exactly into Yellow Area and then went down according with trend.

So powerful
Attached Image (click to enlarge)
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  • #483
  • Sep 16, 2021 5:03am Sep 16, 2021 5:03am
Ger30: trend SHORT, pullback done, i'm expecting 15670
Attached Image (click to enlarge)
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  • #484
  • Sep 16, 2021 8:26am Sep 16, 2021 8:26am
Quoting helioss
Ger30: trend SHORT, pullback done, i'm expecting 15670 {image}
15670 Done
  • #485
  • Edited 1:39pm Sep 16, 2021 12:44pm | Edited 1:39pm
Quoting helioss
{quote} Perfect movement on AUDUSD..... @jra1295: as u can see on this example AUDUSD was SHORT, fibo_analysis indicator show me the potential reversal area of pullback.....quotes went exactly into Yellow Area and then went down according with trend. So powerful {image}
Ok thanks Helioss, I'll try out that indicator combo then. Also, do what SL & R:R do you usually aim for?

And what are you looking for in the ToR indicator to make a trade?
  • #486
  • Edited 4:45pm Sep 16, 2021 3:34pm | Edited 4:45pm
Quoting jra1295
{quote} Ok thanks Helioss, I'll try out that indicator combo then. Also, do what SL & R:R do you usually aim for? And what are you looking for in the ToR indicator to make a trade?
Abiti SL i use usually indicator advise. RR i don't see It.

Tor show the trend: midterm h4& D1....short term < h4 tf

Buy this Is my way, try indicator and First of all learn how It works.
  • #487
  • Sep 17, 2021 5:02am Sep 17, 2021 5:02am
EU: nice short area according to adx trend.....
Attached Image (click to enlarge)
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  • #488
  • Sep 17, 2021 5:06am Sep 17, 2021 5:06am
New opportunity short on AU
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.png Size: 26 KB
  • #489
  • Sep 17, 2021 10:35am Sep 17, 2021 10:35am
Quoting helioss
New opportunity short on AU {image}
Perfect movement
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.png Size: 29 KB
  • #490
  • Sep 17, 2021 10:37am Sep 17, 2021 10:37am
Quoting helioss
EU: nice short area according to adx trend..... {image}
For a few pips EU didn't reach SELLING Zone.....by the way idea was correct
Attached Image (click to enlarge)
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  • #491
  • Sep 21, 2021 7:20am Sep 21, 2021 7:20am
Ger30....good area to short....
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  • #492
  • Sep 21, 2021 8:06am Sep 21, 2021 8:06am
Nice Long Setup on UsdCad
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  • #493
  • Sep 21, 2021 12:02pm Sep 21, 2021 12:02pm
Quoting helioss
Nice Long Setup on UsdCad {image}
1.2818 Done...another great trade
Attached Image (click to enlarge)
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  • #494
  • Edited 3:42am Sep 22, 2021 3:29am | Edited 3:42am
Quoting Chongrux
{quote} how to load the this indicator
Hi!
On the code base, in the Russian section, there is an open source indicator and a script from Eugene (2011-Mar-14).
https://www.mql5.com/ru/code/10170
It marks the reversal fibo zones for two impulses: the main one and the corrective one.
Attached Image (click to enlarge)
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Attached File(s)
File Type: mq4 fibAutomatic_analysis_lines_scr.mq4   9 KB | 651 downloads
File Type: mq4 fibAutomatic_analysis_lines.mq4   8 KB | 734 downloads
Wherever you go, there you are (Jon Kabat-Zinn)
  • #495
  • Edited 4:45am Sep 22, 2021 4:21am | Edited 4:45am
Indicators are a good tool, but their analysis can be crude.
Not every zig-zag can correctly display the wave pattern. And the devil is in the details.
This is a manual markup.
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Use a simple rule of thumb: always analyze the first swings from important extremes. Even, at first glance, insignificant.
A swing of 3-4 bars on the H1 zigzag may not be noticed, but this is 3-4 trading hours!
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Wherever you go, there you are (Jon Kabat-Zinn)
  • #496
  • Sep 22, 2021 12:30pm Sep 22, 2021 12:30pm
Quoting helioss
Ger30....good area to short.... {image}
Update....FED is near, let's see
Attached Image (click to enlarge)
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  • #497
  • Sep 27, 2021 12:03pm Sep 27, 2021 12:03pm
Quoting helioss
{quote} Update....FED is near, let's see {image}
SL hit
  • #498
  • Sep 27, 2021 12:06pm Sep 27, 2021 12:06pm
EURAUD, great trade
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  • #499
  • Sep 27, 2021 2:32pm Sep 27, 2021 2:32pm
AUDUSD, nice LONG SETUP
Attached Image (click to enlarge)
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  • #500
  • Sep 29, 2021 3:54am Sep 29, 2021 3:54am
EURAUD, again great trade
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