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Trading Fib Zones

  • #21
  • Oct 7, 2008 2:59am Oct 7, 2008 2:59am
Here are the indicators I used during backtest.
Attached File(s)
File Type: mq4 Breakout LSMA.mq4   3 KB | 663 downloads
File Type: ex4 Breakout LSMA.ex4   3 KB | 540 downloads
File Type: mq4 StochasticDiNapoli_v1[1].mq4   3 KB | 524 downloads
File Type: ex4 StochasticDiNapoli_v1[1].ex4   3 KB | 501 downloads
File Type: mq4 MomentumVT.mq4   2 KB | 566 downloads
File Type: ex4 MomentumVT.ex4   2 KB | 506 downloads
File Type: mq4 MACD_Colored_v104.mq4   16 KB | 579 downloads
  • #22
  • Oct 7, 2008 3:10am Oct 7, 2008 3:10am
Quoting Jared
That is incredible, and a lot of work on your part! I have backtested it a little bit but haven't put as much time into it as yourself.

What did you use for confirmation to enter a trade? Were you basing trades on simple candle patterns of rejection of the levels, or did you use something like the Awesome Oscillator?

Also, you say 84% wins, how does that relate to your r:r? With this method r:r is supposed to be very good.

Did you use a lot of discretion on your entries or was it fairly mechanical?
Hi Jared

I think the only real element of discretion here would be (like all other things Fibonacci) where to put your 0 level fib.
Sometimes I was faced with two highs not too many pips between each other, but where you drew your 0 level from would've made the difference between a profit or a loss.
At other times, one of the indicators, usually the DiNapoli Stochs, wasn't in agreement and I passed up on a profitable trade.
Also, because I was only using the first fib level within reach, the profit wasn't that big as can be seen on the spreadsheet, but it did eventually hit the next fib level. But, for the purpose of seeing whether the fib level targets were effective, I didn't count these in.
  • #23
  • Oct 7, 2008 3:23am Oct 7, 2008 3:23am
In case anyone was wondering, there were other entry points on the chart I posted, but I simply showed everyone the last trade posted.
I think I've effectively doubled my posts on FF today, so I've overstayed my welcome.
  • #24
  • Oct 7, 2008 5:17am Oct 7, 2008 5:17am
Quoting Cape Cobra
In case anyone was wondering, there were other entry points on the chart I posted, but I simply showed everyone the last trade posted.
I think I've effectively doubled my posts on FF today, so I've overstayed my welcome.
hi

thanks alot for your eforts and system. but this thraed is countinue of " muoteki new method " or " forex gemini ".
http://www.forexfactory.com/showthread.php?t=102993
we want to follow that thraed. you can help us in a new thread .

thanks again
best regards
  • #25
  • Oct 7, 2008 5:40am Oct 7, 2008 5:40am
hey ,

do we have a repect of the 61.8 ret. ? and it will be going north?
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  • #26
  • Oct 7, 2008 5:54am Oct 7, 2008 5:54am
eurusd
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  • #27
  • Oct 7, 2008 6:10am Oct 7, 2008 6:10am
what are the rules of this 'trading fib zones' system ?!
  • #28
  • Oct 7, 2008 9:03am Oct 7, 2008 9:03am
respect for both, but still short,

any comentary?

Sérgio
Attached Image (click to enlarge)
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  • #29
  • Oct 7, 2008 9:43am Oct 7, 2008 9:43am
Quoting Sergio
respect for both, but still short,

any comentary?

Sérgio
A retrace to the 610 zone and then short might be good.
  • #30
  • Oct 7, 2008 10:04am Oct 7, 2008 10:04am
Quoting Sergio
respect for both, but still short,

any comentary?

Sérgio
for go long after retracment,must an AO green candel closed up the zero.that not happen this condition in GBPJPY yet.

this is a simple that occur in EURUSD 5 hour ago.

http://i33.tinypic.com/24d0xv4.gif


maybe this is a start for up trend move.u see that in smal uptrend fib zones & fib retracment and expantion going to respect.in open of candel after than arrows , we shoud go long and set TP to 100% fibo Expantion and save 145 pips.
I get it 1 hour late in demo account with smal tp ( 81 pips).


http://i36.tinypic.com/n3m5xx.jpg


but if occur other signal after retracment, I go long in real.


best regard

  • #31
  • Oct 7, 2008 10:40am Oct 7, 2008 10:40am
Quoting Cape Cobra
Here are the indicators I used during backtest.
Very impressive. I still think combining these into an EA, or at the very least a template file, would be great. I am not familiar with programming on metatrader, so this is beyond my abilities.

Excellent work on the backtesting
  • #32
  • Edited 11:58am Oct 7, 2008 11:12am | Edited 11:58am
Quoting me_sa245
for go long after retracment,must an AO green candel closed up the zero.that not happen this condition in GBPJPY yet.

this is a simple that occur in EURUSD 5 hour ago.


maybe this is a start for up trend move.u see that in smal uptrend fib zones & fib retracment and expantion going to respect.in open of candel after than arrows , we shoud go long and set TP to 100% fibo Expantion and save 145 pips.
I get it 1 hour late in demo account with smal tp ( 81 pips).




but if occur other signal after retracment, I go long in real.


best regard

And what about this small picture??
thatīs wy I'm still short, i want FZ377.
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  • #33
  • Oct 7, 2008 12:01pm Oct 7, 2008 12:01pm
Quoting Sergio
And what about this small picture??
thatīs wy I'm still short, i want FZ377.
Perfect, 377FZ, and now waint for the retrecement.
  • #34
  • Edited 5:25pm Oct 7, 2008 3:13pm | Edited 5:25pm
Quoting me_sa245
ok, this is gold that you see respect in fib zones,fib retracment and fib expantion. in last retracment i wait to see an AO divergence or reversal signal to go short.

best regards

hi

the signal that I wait for that, is to be completing.a AO divergence and 38.2 retracment & 377 fib levels overlaping respect.but it is key that wait to complet riversal movement signal.

http://i38.tinypic.com/11tmv6o.gif



best regards
  • #35
  • Oct 8, 2008 2:48am Oct 8, 2008 2:48am
Does anyone here can state how to exactly trade with this system cause im still abit confuse for the entry point and take profit and also the stop losss after reading the original thread from mouteki. Actually now im just combining this method with dazfx method im wanting to learn the full use of this method if anyone here can help; me
  • #36
  • Oct 8, 2008 3:19am Oct 8, 2008 3:19am
Quoting stan88
Does anyone here can state how to exactly trade with this system cause im still abit confuse for the entry point and take profit and also the stop losss after reading the original thread from mouteki. Actually now im just combining this method with dazfx method im wanting to learn the full use of this method if anyone here can help; me
Well, what he has shown in the original thread is just the map of the currency movement.

In a few of his videos, he did show using Awesome Oscillator as one entry method and another using price action.

I don't think we will find an exact entry method from him unless you are part of his Forex Truth Club.
  • #37
  • Oct 9, 2008 2:13am Oct 9, 2008 2:13am
Quoting DOVOFreak

I don't think we will find an exact entry method from him unless you are part of his Forex Truth Club.
Sounds like an advertisment to me!

Use your brains and find your own entry method jeez
Time hides Nothing
  • #38
  • Oct 9, 2008 5:35am Oct 9, 2008 5:35am
hi guys,
winting for go long.

what you think??

Sergio
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  • #39
  • Edited 8:18am Oct 9, 2008 8:06am | Edited 8:18am
Quoting CindyXXXX
Sounds like an advertisment to me!

Use your brains and find your own entry method jeez
Some how you have a problem with this response. You did the same in the original thread and now you are doing it here.

Jeez, if you have a problem with that man, said it to him.

I got nothing to do with that club. I trade on my own.
  • #40
  • Oct 9, 2008 10:52am Oct 9, 2008 10:52am
Yeah sorry to go on about it I won't say another thing just don't know why you'd even mention the name of that "club"....

Yeah I got a problem with him and many other people do to. So if I even suspect for a second you might be one of his "chronies" I won't hesitate to voice my opinion in hope that it saves unsuspecting newcomers to the thread from any waste of time and money. This is just my opinion..

Before we get into a thread cluttering debate about this can I ask we just leave it at that.
Time hides Nothing
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