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Fib. Reverse Engineered.

  • #61
  • Apr 6, 2009 8:11pm Apr 6, 2009 8:11pm
Quoting kd3726
I put an option to enter whatever percentages you need.....
I think the goal is to create the other typical fib values (61.80% & 38.2% for instance) based on the 47.21% & 52.79% values defined by the user. Is that right Bemac?
  • #62
  • Apr 6, 2009 8:29pm Apr 6, 2009 8:29pm
Quoting TradeWell
I think the goal is to create the other typical fib values (61.80% & 38.2% for instance) based on the 47.21% & 52.79% values defined by the user. Is that right Bemac?
Simply put.
Yes.
  • #63
  • Apr 6, 2009 10:52pm Apr 6, 2009 10:52pm
Hopefully this won't cause confusion, if it does I'll delete the post.

I drew the channel (close proximity) that you had in this post. (Yellow box)

Then I manually fibbed out what I thought you are talking about.

Is this anything close?
Attached Image (click to enlarge)
Click to Enlarge Name: bemacsfib.jpg Size: 133 KB
Is your SL my TP?
  • #64
  • Apr 7, 2009 6:54am Apr 7, 2009 6:54am
Quoting kenmania
Hopefully this won't cause confusion, if it does I'll delete the post.

I drew the channel (close proximity) that you had in this post. (Yellow box)

Then I manually fibbed out what I thought you are talking about.

Is this anything close?
Actually, I think it's a great idea how to better explain what I'm after.

Same Chart USD/JPY 5 Min
Same Channel {Yellow Lines}
Using the Standard Fib Retracement I added Two more Levels. {see 2nd image} (+ another couple that I like to watch)
47.21
&
52.78

Then I Plotted a Fib Retracement & manipulated it until the Fib 47 & 52 lay on top of my Hand Drawn {Yellow} Lines.

This gives me Close to what I am looking for but it would be nice to get it in Custom Indicator form.

btw. You may want to check out the Fib Levels it Produces on this Chart.
Attached Image (click to enlarge)
Click to Enlarge Name: fib rev engineered 8.gif Size: 26 KB
Attached Image
  • #65
  • Apr 7, 2009 7:10am Apr 7, 2009 7:10am
Quoting Bemac
...Then I Plotted a Fib Retracement & manipulated it until the Fib 47 & 52 lay on top of my Hand Drawn {Yellow} Lines.

This gives me Close to what I am looking for but it would be nice to get it in Custom Indicator form.

btw. You may want to check out the Fib Levels it Produces on this Chart.
Yeah, that's just the way I did it. I made a custom fib with your 47 &52 channel and then drew two more regular fibs from the top of the channel to 100% and the bottom of the channel to 100%.

You're right, an indicator would make it simpler, but it only takes about 5 minutes to do by hand.

Here's one from a horizontal channel on the eurusd from today's session. I added the 76.4 fib level. I also corrected the channel to make it 47.21 &52.78.
Attached Image (click to enlarge)
Click to Enlarge Name: bemacsfib2.jpg Size: 87 KB
Is your SL my TP?
  • #66
  • Apr 7, 2009 7:29am Apr 7, 2009 7:29am
Yeah, the usdjpy was pretty spot on at a couple of levels.
Attached Image (click to enlarge)
Click to Enlarge Name: bemacsfibusdjpy.jpg Size: 101 KB
Is your SL my TP?
  • #67
  • Apr 7, 2009 7:35am Apr 7, 2009 7:35am
Quoting kenmania
Yeah, the usdjpy was pretty spot on at a couple of levels.
Hey Ken,
How are you determining "how deep" to plot your Fib?
Also;
If the Channel is between 47 & 52, then the 50% should be in between them.

Not saying your doing it wrong, just different.
  • #68
  • Apr 7, 2009 7:57am Apr 7, 2009 7:57am
got it guys thanks for the pics, and while i'm at it thanks to the guys that helped you out getting the indi installed.

I'll add the projections going in both directions and set them up initially for these levels that i found on the web (below). you'll also be able to edit them and change them to whatever you prefer.

0.0%, 25%, 38.2%, 48.0%, 50.0%, 61.8%, 75.0%, 100.0%, 180.0%, 198.2%, 191.8%, 261.8%, 425.0%, and 685%

The above numbers will be based on your two percentages. You will still be able to edit the two percentages.

If the Channel is between 47 & 52, then the 50% should be in between them. done...


Just curious as to where/how you get the 47 & 52 or did i miss something along the way
  • #69
  • Apr 7, 2009 8:01am Apr 7, 2009 8:01am
Quoting Bemac
Hey Ken,
How are you determining "how deep" to plot your Fib?
Also;
If the Channel is between 47 & 52, then the 50% should be in between them.

Not saying your doing it wrong, just different.
Haha....your second question helps answer the first. I have been doing it wrong. Drawing 2 fibs when it shoulda been 1. This should be better...
Attached Image (click to enlarge)
Click to Enlarge Name: bemacsfibusdjpyfixed.jpg Size: 97 KB
Is your SL my TP?
  • #70
  • Apr 7, 2009 8:06am Apr 7, 2009 8:06am
Quoting kd3726
Just curious as to where/how you get the 47 & 52 or did i miss something along the way

Add the 47 & 52 levels on the regular fib tool. Then, it might help to identify the channel with a box. Stretch the fib and manipulate it until the 47 & 52 are aligned with the top and bottom of the box (channel).
Is your SL my TP?
  • #71
  • Apr 7, 2009 8:20am Apr 7, 2009 8:20am
Just want to say that altho I don't feel I have anything to constructively add to this fascinating Quest, I am following with great Interest and Anticipation wishing that I had some morsel to contribute.

I can however and do Applaud the skill some of you obviously bring to the Task and your willingness to Undertake it. That by itself says volumes...
FUBAR...
  • #72
  • Apr 7, 2009 8:59am Apr 7, 2009 8:59am
Quoting kd3726
got it guys thanks for the pics, and while i'm at it thanks to the guys that helped you out getting the indi installed. ...
162% agree. & thanks to Alex also for the time he spent with me on this last weekend.


Quoting kd3726
Just curious as to where/how you get the 47 & 52 or did i miss something along the way
Nothing wrong with being curious my friend.
Attached Image (click to enlarge)
Click to Enlarge Name: fib rev engineered 10.GIF Size: 17 KB
  • #73
  • Apr 7, 2009 11:38am Apr 7, 2009 11:38am
Quoting Bemac
162% agree. & thanks to Alex also for the time he spent with me on this last weekend.
I own Alex a “thank you” as well.

The day I tried to fix the problem (but my internet was almost down), I called Alex for help.
He never posted in FF, we know us from another forum.
He immediately sent Bemac his phone number (he lives in Canada as well) and they got in contact.
He used another free program, Teamviewer (he’s more familiar to that one), to manage and install the stuff from the distance in Bemac’s computer.

It’s a good way to fix PC or software issues from the very distance.

Thanks Alex, it’s great to have friends.
  • #74
  • Apr 7, 2009 12:45pm Apr 7, 2009 12:45pm
Quoting cobraforex
I owe.

Thanks Alex, it’s great to have friends.
Ain't that the truth. {Tru dat} to our younger peers.
  • #75
  • Apr 7, 2009 12:50pm Apr 7, 2009 12:50pm
Shssh: Can we keep the noise down please. KD is trying to work here.

Seriously, does anyone here have an inclanation of what this {assuming success} could mean to you?

I get the impression that a few are onboard.
Just askin'

Bemac
  • #76
  • Apr 7, 2009 1:58pm Apr 7, 2009 1:58pm
I think I can see the potential.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: bemacsfibgbpusd.jpg Size: 102 KB
Click to Enlarge Name: bemacsfibgbpusdline.jpg Size: 96 KB
Is your SL my TP?
  • #77
  • Apr 7, 2009 2:02pm Apr 7, 2009 2:02pm
Quoting Bemac
Shssh: Can we keep the noise down please. KD is trying to work here.

Seriously, does anyone here have an inclanation of what this {assuming success} could mean to you?

I get the impression that a few are onboard.
Just askin'

Bemac
I'm watching
  • #78
  • Apr 7, 2009 2:02pm Apr 7, 2009 2:02pm
i actually prefer dead silence when i do any coding

Your reverse Fib is ready for testing. Version1d. Back soon.
Attached File(s)
File Type: ex4 Leonardo_1d.ex4   15 KB | 571 downloads
  • #79
  • Apr 7, 2009 2:06pm Apr 7, 2009 2:06pm
hi Kanmania.. thanks for your all useful post..

regarding to time fram i saw Bemac use 5min chart if i am not wrong.. and now i see you use 15 min

is this method for any time frame has channels?
Never sell @ lower upward channel unless breacked and vise versa .
  • #80
  • Apr 7, 2009 2:26pm Apr 7, 2009 2:26pm
Hi Kd3726

Wow it seem we have good tools here!!

thanx for nice coding..

i have quastion about the price movement around the levels..
Attached Image (click to enlarge)
Click to Enlarge Name: Fifb.png Size: 26 KB
Never sell @ lower upward channel unless breacked and vise versa .
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