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Fib. Reverse Engineered.

  • #41
  • Apr 2, 2009 9:33pm Apr 2, 2009 9:33pm
Quoting cobraforex
I'm sorry that it couldn't give you a solution.

I think you need to start from the scratch again Bemac.

I have a horrible internet today and need to log off.

As soon as I can I'll come back to see if you gat it done.

The video is easy to make but I can't leave it on my server for long time (limited data flow) so sticky is impossible, sorry.
OK. Please suggest an UnExpiring MT Demo Dnld.
I'll start there.
  • #42
  • Apr 2, 2009 9:55pm Apr 2, 2009 9:55pm
Quoting Bemac
OK. Please suggest an UnExpiring MT Demo Dnld.
I'll start there.
I use Alpari's demo and it hasn't expired yet (about 2 or 3 months now). They say they delete it only if you aren't active, so just do a demo trade every now and then.

http://www.alpari-idc.com/en/open_demo_MT4.html
  • #43
  • Apr 2, 2009 9:58pm Apr 2, 2009 9:58pm
Quoting TradeWell
I use Alpari's demo and it hasn't expired yet (about 2 or 3 months now). They say they delete it only if you aren't active, so just do a demo trade every now and then.

http://www.alpari-idc.com/en/open_demo_MT4.html
OK. Goin' in...
  • #44
  • Apr 2, 2009 10:25pm Apr 2, 2009 10:25pm
Bemac, please download the programm I've sent you by PM on www.crossloop.com , it is free and let me control your computer from my office.

I already sent you the instructions by PM.

Don't worry the permission is only for one session and you see all what I do but when we start don't touch the puter untill I'm ready please.

If my internet is too slow TW can do it.
  • #45
  • Apr 2, 2009 10:45pm Apr 2, 2009 10:45pm
Quoting cobraforex
Bemac, please download the programm I've sent you by PM on www.crossloop.com , it is free and let me control your computer from my office.

I already sent you the instructions by PM.

Don't worry the permission is only for one session and you see all what I do but when we start don't touch the puter untill I'm ready please.

If my internet is too slow TW can do it.
There has to be trust before you can be friends.

Done & did...
  • #46
  • Apr 2, 2009 10:59pm Apr 2, 2009 10:59pm
Quoting Bemac
There has to be trust before you can be friends.

Done & did...
Couldn't get it, my internet is too slow today, I called TW for help.

Trust him as well, he's a very good guy.

I have done this several times with puter of my friends that had problems, so it should work with the internet of TW.
  • #47
  • Apr 3, 2009 7:34am Apr 3, 2009 7:34am
Quoting cobraforex
it should work with the internet of TW.
TW was out for the count. You got that thing running yet Bemac?
  • #48
  • Apr 3, 2009 7:50am Apr 3, 2009 7:50am
Quoting TradeWell
TW was out for the count. You got that thing running yet Bemac?
Nope but got a PM from Alex. will get on line with him after dnldng software he reccomended.
  • #49
  • Apr 3, 2009 1:16pm Apr 3, 2009 1:16pm
Here's last nights work.... you can lock down the fib now.

I'm naming each version differently because MT seems to like to remember old indi's settings. So you'll have to delete the old ver and drop the new one in each time.

I've colored the blue range lines, to identify how the Fib is drawn. When light blue is on top it is drawn top to bottom. and vice versa. So the percentages will flip flop accordingly.

The yellow dotted line is the 50% mark.
The red dotted line identifies a break in the range. It will identify different things.

How to use the fib lock. Turn chart autoscroll off. Move the chart to whatever spot you want the fib at. Bring up the indi properties ( right click directly on on any one of the lines and select properties ).
Change Fixed to True.

Now the Fib will stay put, and Bemac's blue range lines will extend outward both ways.
Set Fixed to false to turn the lock off.

The ICCE dots will be put in next, then we can figure out what to do with them.

If there's no ticks coming in ( or end of trading week ). Right click and select refresh from the pop up menu to re-draw the fib.
Attached File(s)
File Type: ex4 Leonardo_1b.ex4   7 KB | 521 downloads
  • #50
  • Apr 3, 2009 1:24pm Apr 3, 2009 1:24pm
Quoting kd3726
Here's the indi, ...
I'll add what you want,...
Finally I got to look at it today. Thanks KD.
Sorry to say that it's not quite there yet.

It seems that you are still Starting with a High to Low Range and then sub dividing that area into Fib Proportions.

What I want to accomplish is;
Start with the 47.21% and the 52.78% We will plot these to be at the Levels of The High to Low of the Most Recent Horizontal Channel.

If I know the Price Difference, H to L during the Channel {Lets say it is 15M Eur/USD March 30th '09 ~ 10:00AM}
Channel High ~ 1.3180
Channel Low ~ 1.3114
Giving us a Pip Range of 66 Pips

Remember I am working within the premise that the Channel suggests 5.57% (52.78% - 47.21%)

Now:
If 5.57% represents a total of 66 Pips
Then 1% represents a move of 11.8 {12 Pips}

Moving along;
If(1% represents 12 pips AND UpperChPrice = 1.3180 AND UpperChPct = 52.78%,
Then Projected 100% Pipmove =
1.3180+{47.21*12P}566
Or 1.3747
Attached Image (click to enlarge)
Click to Enlarge Name: fib rev engineered 2.gif Size: 13 KB
  • #51
  • Apr 3, 2009 3:29pm Apr 3, 2009 3:29pm
Ok got it, thanks for explaining, i'll add some adjustable levels for your channel to be calculated, long and short, or something similar that will achieve what you've described.

hmmmm according to your calculations, your new high is very close to the previous double high ( 15min EURUSD zoomed out shown below). its headed that way, time will tell.
Attached Image (click to enlarge)
Click to Enlarge Name: Project10.png Size: 153 KB
  • #52
  • Apr 6, 2009 1:12am Apr 6, 2009 1:12am
1. Adjustable Top Channel
2. Adjustable Bottom Channel
3. Projected ICCE Top
4. Projected ICCE Bottom

5. Fib 50 %
6. Fib Top Channel
7. Fib Bottom Channel
8. Most Recent Cross
9. Fib Top
10. Fib Bottom

The channel lines will first appear at the current bid price. double click on the lines and drag them to where you want the upper ( 1 ) and lower ( 2 ) channels to be. they will be projected as thicker lines ( 3 & 4 ). The chart above is EU15m. right click and hit refresh if there are no ticks and the lines will update.

The ICCE will be projected even when the channel lines remain selected.

First, you have to remove the old indi ( right click-->indicators list ) and put in the new version 1c below into ( /experts/indicators )
Attached Image (click to enlarge)
Click to Enlarge Name: Project21.png Size: 91 KB
Attached File(s)
File Type: ex4 Leonardo_1c.ex4   9 KB | 504 downloads
  • #53
  • Edited 8:57am Apr 6, 2009 8:49am | Edited 8:57am
Quoting kd3726
1. Adjustable Top Channel
2. Adjustable Bottom Channel
3. Projected ICCE Top
4. Projected ICCE Bottom

5. Fib 50 %
6. Fib Top Channel
7. Fib Bottom Channel
8. Most Recent Cross
9. Fib Top
10. Fib Bottom

The channel lines will first appear at the current bid price. double click on the lines and drag them to where you want the upper ( 1 ) and lower ( 2 ) channels to be. they will be projected as thicker lines ( 3 & 4 ). The chart above is EU15m. right click and hit refresh if there are no ticks and the lines will update.

The ICCE will be projected...
Hi KD. I can locate lines 1 & 2 and Relocate them but it doesn't seem to change the projections.
here's what I get.
First img is After I Re-locate Fib1 & Fib2.
USD/JPY 5Min
Attached Image(s) (click to enlarge)
Click to Enlarge Name: fib rev engineered 3.gif Size: 33 KB
Click to Enlarge Name: fib rev engineered 4.gif Size: 32 KB
  • #54
  • Apr 6, 2009 9:14am Apr 6, 2009 9:14am
Quoting Bemac
...I can locate lines 1 & 2 and Relocate them but it doesn't seem to change the projections.....
I also tried it but got the same problem. Are there any settings to change?
  • #55
  • Apr 6, 2009 10:02am Apr 6, 2009 10:02am
Change the timeframes 1m,5m etc if it doesn't show up. There's an initial display glitch with the lines, they're there but they're not there. looking into it.

At first keep the orange lines close together so you can see where the projection is headed.

If the lines are reversed it will project opposite.

You don't need to set anything, you should be able to run it as is.

Sometimes the projection could very well be out of the viewing area. You can squish the graph by left clicking and holding down the mouse button and pulling downwards over the prices on the right hand side of the screen.
  • #56
  • Apr 6, 2009 10:42am Apr 6, 2009 10:42am
Quoting kd3726

Sometimes the projection could very well be out of the viewing area. You can squish the graph by left clicking and holding down the mouse button and pulling downwards over the prices on the right hand side of the screen.
OK, I got it to work, but maybe I missed something. Your ICCE projections (3 & 4) are either above or below the placement of lines 1 & 2. Souldn't one be above and one be below those two lines?
  • #57
  • Apr 6, 2009 10:55am Apr 6, 2009 10:55am
Same here.

I was expecting 1 above & 1 below.
Attached Image (click to enlarge)
Click to Enlarge Name: fib rev engineered 5.gif Size: 26 KB
  • #58
  • Apr 6, 2009 2:18pm Apr 6, 2009 2:18pm
... you can have two above and two below if you prefer

or if there's just one above and one below then you'll have to decide weather it's the upper or lower channel that's projected.
  • #59
  • Apr 6, 2009 7:16pm Apr 6, 2009 7:16pm
Quoting kd3726
... you can have two above and two below if you prefer

or if there's just one above and one below then you'll have to decide weather it's the upper or lower channel that's projected.
Hey KD,
If you are getting frustrated with my lack of definition in what I am looking for I would, completely, understand if you threw it up on the shelf.

On the other hand, if you are willing to continue, or anyone else, let me try to explain The Objective a little further.

ASSUMPTIONS:
When we are CURRENTLY In A Horizontal Channel, THAT Channel represents the Boundaries Contained within the 47.21%Fib & the 52.78%Fib of A Move.
{aside: I understand that 47.21 + 52.79 =100 but, at this point, it doesn't matter}

On closer observation I {discresionarily} decide that 1 particular Bar was the Start of A Channel and another, the End. I marked these Bars with a {Black} Dot.

I then Noted the Highest High WITHIN A Channel & Locked it to 52.78%

I then Noted the Lowest Low WITHIN A Channel & Locked it to 47.21%

Now I can Plot those Horiz Lines to line up with the Top of A Channel & the Bottom of A Channel.

How does that Help Me?

If I know Both The Price Value AND the % Value of Both those Lines, the I can Calculate the Price Equivalent Of ANY % I wish.

Huh?

52.78% = 100.91
47.21% = 100.71

38.19% = ???.??
61.80% = ???.??

We Start With The Channel. Forget the Hi/Lo Stuff. THAT'S what we are after.
Attached Image (click to enlarge)
Click to Enlarge Name: fib rev engineered 7.gif Size: 16 KB
  • #60
  • Edited 9:14pm Apr 6, 2009 8:37pm | Edited 9:14pm
I put an option to enter whatever percentages you need. sorry i forgot to mention that

right click -->indicators list--inputs tab

or if theres a formula for automatically obtaining the high percent and low percent then i could add that in too.



For clarification. Here's the code i wrote based on post #50.

//-------------------------------------------------
double FibPrice1=ObjectGet("Fib1", OBJPROP_PRICE1); // get fib1 channel price
double FibPrice2=ObjectGet("Fib2", OBJPROP_PRICE1); // get fib2 channel price

double ChannelPips=FibPrice1-FibPrice2;
double ChannelPercent=HighPercent-LowPercent; // user selectable percentages ( see pic )
double OnePercent=ChannelPips/ChannelPercent;

double FibPrice3=FibPrice1+(HighPercent*OnePercent); // fib3 projected
double FibPrice4=FibPrice2+(LowPercent*OnePercent); // fib4 projected

ObjectSet("Fib3", OBJPROP_PRICE1, FibPrice3); //move the lines
ObjectSet("Fib4", OBJPROP_PRICE1, FibPrice4);
//--------------------------------------------------
Attached Image
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