My Fibonacci trading system

What a beautiful setup and I missed it.
Same on Eur/Jpy

Nice setup example.

I am an experienced EA developer and forex trader and will be coding this up as an EA.

I admire wjqblog and other active users for their contributions to it. After reading the whole thread, so many variations of the strategy rules have been thrown out and some overcomplicated than they should be, but the foundational principal rules are still strong.

At this point, I'll be contacting Pip26, stringfx, freedomsg, wjqblog, and eTrader to join a separate group to focus on the development of an EA. They appear to all have a solid understanding over the past few months of this strategy and have contributed a lot to this thread. If I missed anyone that is in the same boat as these individuals, please PM me and I will review and decide if we need more for the EA development. I don't want there be too many users so that we can stay focused and it has to be individuals that have proven track records of contributing heavily as opposed to the opposite of just watching the threads without much contribution and just want to leach the benefits.

I hope this thread will continue as it has been, but if you have contributed much, have a solid understanding of everything that has been involved with this strategy, and have time to contribute in backtesting/forward testing, developing rules and modifying them, etc, PM me.

Thanks,
jd

Dear JDtrader, it would be great to have an EA for this.

Billbss, i think you are right. Maybe i am not following the rules exactly as being told by the owner of this thread. Maybe i am a bit aggresive on the trades. In fact what i do is I look at G7 and see the first currency which hits the -1 or +1 and then look for a weaker currency which is on it's way to -1 or +1 and take the fractal low and high fibs and trade on those. I have 2 losses so far which was gbpusd and usdcad but that was to happen. Made up 5 times more than the loss later on with eurjpy and gbpusd yesterday. Overall this is a great system.

I want to join jdtrader to help develop the system into an EA. Maybe open up another thread with my tweaks if WJQ doesn't mind as i do not want to clutter up this thread with my charts and stuff which are not the original ideas and rules.

Great trading to all.

Hi string,

I sent you a private message with a link to where we will be developing the EA for you to register and become a member. I will send it again.

eTrader & WJQ don't have ability to PM them, so you will need to PM me.

Thanks,
jd

Hi all, i am happy that this thread is now active. I have been around since the creation of this thread. I have practice this thread for about 2 months on my life acc. This is truely a great system as it has wiped out all my losses and give me some clean profit. I focuss on just 1 currency which is AJ and i tell u there are enough opportunities.
I have just completed my trading for the week. my TP1 and TP2 were all hit. I have attached the chart below. Sorry i could not upload it when i initiated the trade. Happy weekend 2 all and a great week ahead.

Here is the chart

Here is a version of G7_USD with some improvements and education:

- Select which currencies you want to display in input parameters.
- Display colored labels for the currencies.
- Ability to change pair strings in input parameters for those with brokers using non-standard pair names.

Thank you Dr_Bean.

What a great addition. Thank you

Ok folks , actually in my opinion you can use this strategy to trade in mostly all time frames (5M , 30M ,4H, 1D...) because the nature of forex is fractal...
of course bigger TimFrame bigger SL's and TP's

in my own experience when i start learning forex i start with lowers timeframes (5M, 15M...) and for me i have to say its more HARD because the noise can confuse you, and you must be very fast and confident firing the trade.
now i change to upper timeframes (30M , 4H , 1D) u can get setups there aswell , i prove , the last week EUR / AUD in 4H have a great setup -->





And the result:



450 pips so far, my TP isn't reached yet , but i have locked 250 pips in profit and price action is looking good

i will attach trades in 5MIN charts with this strategy , if u know when to fire u can make 20 pips nicely , of course KEY things like the pros always say:

1º time of the day you are trading
2º Multi Time Frame Analisys
3º Trend is your friend
4º Self confidence , Psicology

sorry for the long post, im still noob , keep learning everyday,
good trading everyone

Soft

Hiho again:

Here is a 5M chart trade setup WJQ strategy i took today on eur/aud

when do you have the long term guys selling, why buy ?

actually if you are agressive u can take two trades there, but the first one i didnt like the Stochs and the trendline is far , so i can't keep my SL small in a secure zone, second trade is good , TL+Stochs cross nicely:

[PD: i can't upload more images today, so i leave you here the Link to the Screenshot, sorry for that]

http://img52.imageshack.us/img52/5088/euraud1.gif

i will keep looking for setups , good trading everyone

Soft

Updated G7_USD now with alerts:
-Select pop-up and/or email alerts.
-Set Alert level.
-Set Alert reset conditions: Time & point below alert level.
-Select alert per currency.

Enjoy!

Hi,

I installed and activated the G7 indicator, but it doesn't work.

I already set the parameter to 6303590 and have show all in my market watch.

But I still see nothing in my G7 indicator window.

How do I make it work?

That is great!! Thank you very much for making these changes and making it available!
Chris

老兄，可不可以给我你的这个qq群号码？

上个礼拜运气好像不错，还请指教

someone have made trade today on Euro /usd or eur jpy?
http://clip2net.com/page/m0/6894535

Try using FXDD MT4 if you are using IBFX MT4. Don't ask me why, but it work that way sometimes.

EJ 1 Hr is hitting the 76.4 and SOC above 80% going to turn. Something is round the corner. Daily is a down trend. Eyeballing this pair... patience is the game

Thanks for posting.

Is anyone still trading this method?

I've read most of the thread an it seems there initial concept seemed to get lost with lots of talk of fibs etc...

But for me it seems the G7 is the key....look for two currency's - one exhibiting strength the other weakness...wait for them to move +1 -1 and wait for asome kind of a pull back / flag - I dont see that working out a fib retracement to the letter is crucial..