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Powerful Fib Based System - by DAZfx

  • #681
  • May 10, 2008 4:01pm May 10, 2008 4:01pm
Hi to All, this is a great forum on fibs, have been reading it for a while and am wondering where Dazfx has gone to, i was also wondering if he posted his advanced systems, but i can not seem to find them anywhere as i would love to read about them, as they would be grate like the rest of his work,any replys greatfuly appreciated, Thanks rtcw37
  • #682
  • May 10, 2008 4:34pm May 10, 2008 4:34pm
Hello Ian, those two trades were based on advanced entry.... Advanced entry rules are stated below 1. Pull back to 38 or 50 fibo area 2. confirmation candle formed at either of the fibo number 3. sma(5) to give u good entry 4. stoch has crossed as usual 5. hidden divergence seen on stoch(hidden divergence indicates trend continuation) hope its clear sir naijafx
  • #683
  • May 11, 2008 12:42pm May 11, 2008 12:42pm
Naijafx, Thanks for reply, where did he divulge about the 38% and 50% Fibs on the thread or how did you get them, Thanks rtcw37
  • #684
  • May 11, 2008 4:52pm May 11, 2008 4:52pm
Quoting rtcw37
Naijafx, Thanks for reply, where did he divulge about the 38% and 50% Fibs on the thread or how did you get them, Thanks rtcw37
He stated the rules in the Trading Room.
  • #685
  • May 14, 2008 6:10pm May 14, 2008 6:10pm
Hello, what is the oppionion of letting trades ride through the news. I know the practice is to not enter a trade 15-30 mins before the trade but what if you are already in a trade for a few days and you have red news in between that time. I just would like oppionions from people who have been trading this method and watching it through news events.

Thanks
Justin
  • #686
  • May 15, 2008 6:20am May 15, 2008 6:20am
Quoting jdogg4000
Hello, what is the oppionion of letting trades ride through the news. I know the practice is to not enter a trade 15-30 mins before the trade but what if you are already in a trade for a few days and you have red news in between that time. I just would like oppionions from people who have been trading this method and watching it through news events.

Thanks
Justin
I normally let it ride if my I am in profit by say 20pips or more. Otherwise, I close the trade when it nears news time and price gets erratic. Although I let the trade run, I watch it carefully, and if I see the news was against me, and price is also moving against, I will simply close the trade with a few pips profit. Sometimes, I have locked in Target 1/2, at these times, I just let the trade run as my S/L would be at Break Even, so I won't be losing anything.

Hopefully, this should help clear some doubts.
  • #687
  • May 15, 2008 6:21am May 15, 2008 6:21am
Finally, I have gone to trading this system + James16 exclusively.
  • #688
  • Edited 7:32am May 15, 2008 6:56am | Edited 7:32am
Quoting mazdaz
Finally, I have gone to trading this system + James16 exclusively.
hi mazdaz, congrats. Which timeframes _you_ use most with DAZfx system? thank you
edit: DAZfx showed us hourly and daily... you use those basically or prefer a shorter TF like 30 minutes?
  • #689
  • May 15, 2008 7:05am May 15, 2008 7:05am
Quoting mazdaz
I normally let it ride if my I am in profit by say 20pips or more. Otherwise, I close the trade when it nears news time and price gets erratic. Although I let the trade run, I watch it carefully, and if I see the news was against me, and price is also moving against, I will simply close the trade with a few pips profit. Sometimes, I have locked in Target 1/2, at these times, I just let the trade run as my S/L would be at Break Even, so I won't be losing anything.

Hopefully, this should help clear some doubts.
Thank You MazDaz it does help.
  • #690
  • May 29, 2008 2:14am May 29, 2008 2:14am
Hello traders,

This is to inform us all that Daz room and thread will commence full operation from next week monday, as, I am now trading full time.

watch out for posts and trade taken.

thanks
  • #691
  • May 29, 2008 2:02pm May 29, 2008 2:02pm
Hi,

Thx to Daz for share this system. I've been using 'same' method from other Threads here, only he use retracement at FE 50 retracement. This is very good idea with stochastic.This is what im looking for !! And i'd like to share my stochastic indicator with alarm, condition trigger alarm :
if both signal crossed for long or short, and if both signal bellow 80 and above 20.

And my script to open 3 position short/long:
Set extern Buy=true for long, false for short
Type PRICE for Stoploss, SELLTP1, SELLTP2, SELLTP3(Takeprofit) for short
Type PRICE for Stoploss, BUYTP1, BUYTP2, BUYTP3 for long.
Tick Allow live trading, and thats it. Copy script in yourmetatrader/experts/script and restart your metatrader.

While im posting i take short position Eur/Jpy. Lets see what happen....
http://img230.imageshack.us/img230/2061/eufl4.th.gif

Sorry for bad english.
Looking forward for this system...

Happy Trading.
Attached File(s)
File Type: mq4 FiboOpenBUYSELL.mq4   4 KB | 1,576 downloads
File Type: mq4 Stochastic.mq4   5 KB | 679 downloads
  • #692
  • May 29, 2008 3:30pm May 29, 2008 3:30pm
Theres a bug according indicator pls change
(MainBuffer[0]<=80 && SignalBuffer[0]<=80 && MainBuffer[1]>=80 && SignalBuffer[1]>=20) << this line


with this:

(MainBuffer[0]<=80 && SignalBuffer[0]<=80 && MainBuffer[1]>=80 && SignalBuffer[1]>=80)

Happy Trading ...
  • #693
  • May 29, 2008 3:50pm May 29, 2008 3:50pm
Quoting byens
Theres a bug according indicator pls change
(MainBuffer[0]<=80 && SignalBuffer[0]<=80 && MainBuffer[1]>=80 && SignalBuffer[1]>=20) << this line


with this:

(MainBuffer[0]<=80 && SignalBuffer[0]<=80 && MainBuffer[1]>=80 && SignalBuffer[1]>=80)

Happy Trading ...
Byens,

Can you fix the indicator and repost?

Many thanks.
  • #694
  • May 29, 2008 4:55pm May 29, 2008 4:55pm
Nice of you to revive this thread NaijaFx!! I will be joining the room soon as well. Just have 1 more exam before I can get back to full time trading. So far, I am very happy with this system. Not getting a lot of signals these days since I have limited screen time, but the signals that I get are pretty much bang on target. If you just exit at Target 1, you will get almost 95% success rate.
Just my 2c.
  • #695
  • May 29, 2008 10:31pm May 29, 2008 10:31pm
Hi, i repost fixed indi . Should be no problem now.
Script sometimes not working bcause when price moved, order not placed. So i just manually add more order somtimes.

Happy trading..


byens
Attached File(s)
File Type: mq4 Stochastic.mq4   5 KB | 748 downloads
  • #696
  • Jun 9, 2008 7:13am Jun 9, 2008 7:13am
hey, great system, it looks very effective. I just tried a few trades with it on a demo account - can anybody comment on these setups? Both are short.

http://img.photobucket.com/albums/v3...F1/aud-jpy.png

http://img.photobucket.com/albums/v3...F1/usd-jpy.png
  • #697
  • Jun 13, 2008 9:17am Jun 13, 2008 9:17am
Hi,

Improving the system. I show my setup. Combine with Bearish/Bulish Divergence, avoid false signal.

http://img114.imageshack.us/img114/5...3junbx2.th.gif

As soon as, signal bars ended, Stochastic alarm trigerred, check divergence, it shows strong bearish divergence. I took Open Sell limit @ SMA5, like dash preffered. Floating positive by now .

cheers,


byens
  • #698
  • Jun 14, 2008 1:26am Jun 14, 2008 1:26am
Hi,

If anybody interested. I made Divergence Stochastic Oscilator. I can post here if anybody wants. Here is screenshot:

http://img211.imageshack.us/img211/3...sticig2.th.gif

Thx again to Dazfx for this wonderfull system, bcause my report is becoming green .
Peace


byens
  • #699
  • Jun 14, 2008 2:04am Jun 14, 2008 2:04am
Quoting byens
Hi,

If anybody interested. I made Divergence Stochastic Oscilator. I can post here if anybody wants. Here is screenshot:

http://img211.imageshack.us/img211/3...sticig2.th.gif

Thx again to Dazfx for this wonderfull system, bcause my report is becoming green .
Peace


byens
byens,

Please post your indicator.

Many thanks.
  • #700
  • Jun 14, 2008 11:00am Jun 14, 2008 11:00am
Quoting byens
Hi,

If anybody interested. I made Divergence Stochastic Oscilator. I can post here if anybody wants. Here is screenshot:

http://img211.imageshack.us/img211/3...sticig2.th.gif

Thx again to Dazfx for this wonderfull system, bcause my report is becoming green .
Pea


byens
That would be helpful, please post it
Regards
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