Trade the Day Open Fibo

Hi Metto,
It sounds good but would it be possible to post a translation of some of the terms in your system for those of us that don't use the interbank platform? I don't understand some of the terms like(set perameter up=true , set perameter up=false what you mean by the the two rules at the bottom. The other stuff I think I've got. If you have time for that it would be appreciated.

Thanks
mmcap

Metto, are you saying you got 2 positive trades yesterday? If so, what was your open price to set the entry orders?

thanks

Sorry for make you confuse.

it's about chart setup.

1. create new chart, timeframe 30 minute
2. attach DayOpenFib indicator, set :
- BrokerGMT = Your Broker GMT Offset
- up = True
3. again, attach DayOpenFib indicator, set :
- BrokerGMT = Your Broker GMT Offset
- up = False

Thanks very much Mikhail for sharing your EA. This might be one of those 'stupid' questions, but when I've downloaded and unzipped your EA it's an EX4 file. I can't seem to use it in StrategyBuilderFX as it only has MT4 files. Do you know what I'm doing wrong?

Thanks in advance, John

simply paste it in your experts folder then run the EA. its already compiled it will work.

-Mikhail

here my EA open source

--

First of all thanks a lot for the ea's posted for this system.

I did backtest for this system manually from May06 to Feb06, and the results are great, but the test was done just visually lookng at the candles and the entry/tp levels. But the ea's are not producing the same results as the backtest, probably cos of the SPREAD, and my backtest was solely based on BID price, not the spread. So i think we need some modifications to the ea.

Here are a few modifications i would like to request for:

1. Ea should only open trade when entry conditions are met, not pending orders.
2. Entry rules: BUY example, if Open Price for the day is 2700, our BUY entry level is 2734, but since we have spread of 4pips on GU, wen the bid price reaches 2730, our pending buy order will get triggered, but theotrically, we need bid price to touch the BUY level, if bid price does touch 2734, and we open buy position, our position will be filled at 2738.
   
   What i would want the ea to do is, first not open any pending orders, wait for the BID price to touch the 2734 level, then after few ticks, if the price go down to 2730, then open a BUY order, so our buy order will now be filled at 2734 , the same concept for SELL's
   
3. TP, i would like FIXED TP, and not partial close of trades. Also Ea should allow manually closing of trades.
4. If the first trade of the day failed for -34pips, the second trade should only go for TP1 of 34pips, so we would be breakeven for the day.

Would really appriciate if the above could be incorporated in the ea.

see example todays trade SELL on GBP, SELL level is 1.9601, when BID price touched 9601, i didnt open the SELL trade, i waited for price to retrace a little, wen price came to 1.9606, i sold GBP, so i got better price for sell, and the system rules are also met.


Thanks

Pete

Hi Metto! I don’t understand your strategy...
Can you show(and explain) an example of your transactions for a day?(with picture..)
or Leave comments on a picture (sorry for my English )

I have attached forward test results of Day Open Fibo - EA on a FXDD demo account from 22-2-2007 to 14-3-2007. Total -625 pips.

One thing I hate is to have a trade move up 10 pips then go against me, it might be a good idea to move stop to B/E once your up 9 pips.
Just a thought.

your strategy not to continue explanations and modernizations?
to be ok!
to be problems?
eagle
italy

congratulations !!!!! eheh

today + 280 pipssssssss!!!!!!!!!!!!!!!!!!!!

best regards
eagle
italy

Yeah, for me too today and yesterday were good days. Just started using this strategy and it seems working wonderfully for GU. Wonder why no more replies here though...

Dear Metto,

I like your sysstem.. Is easy.

I am from malaysia...
Can I follow Japan open time?
Because Japan open first for Asian.

As I know that your system follow London open time.
How about NY open than?

I am appreciate for your help... Thank you.

Hear from you soon.

Thanx metto for your reply.
May I know...where are you from?

That is the nature of all vibrations and trading is one of such.