Old Dog Fib Trading - EURUSD | Page 4 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Old Dog with New Tricks 1,056 replies

Old Dog's Taming of the Beast? 34 replies

The Big Dog Trading Secret 272 replies

Old Dog Fib Trading - EA Development 18 replies

Trading The Big Dog Pack ..howllll 26 replies

Attachments: Old Dog Fib Trading - EURUSD
Exit Attachments

Old Dog Fib Trading - EURUSD

  • #61
  • Oct 3, 2010 8:42am Oct 3, 2010 8:42am
Quoting CanuckCT
Hi Lee,
Nothing here seems to be related to what this thread is about. Do you post in the wrong place?
Cheers
CanuckCT
Hey,

That was in response to your question about me providing a little more informaiton on when/how I recalc.

I was just giving some background.

Bobi has stated (I will try to find where) that you can recalculate (use the calculator) at any time during the day. You substitute the close of the previous day for the close of the most recent candle (swing low/high in my case). In doing this, you get a new breakout figure and a target.

As I said, just explaining the reason behind 'when' I do it.

Is that clearer or do you still think it's irrelevant? If so, I am happy to remove it..... if i still can.

Regards

Lee
  • #62
  • Oct 3, 2010 9:55am Oct 3, 2010 9:55am
Ryder Cup has my attention at the moment. I think the post is off topic a bit and adds a bit of confusion.

For general info, four traders have suggested to me that baseline is merely a fib calculation and that makes total sense to me.

More later.

Back to golf.

Cheers
CanuckCT
  • #63
  • Oct 3, 2010 10:18am Oct 3, 2010 10:18am
Quoting CanuckCT
Ryder Cup has my attention at the moment. I think the post is off topic a bit and adds a bit of confusion.

For general info, four traders have suggested to me that baseline is merely a fib calculation and that makes total sense to me.

More later.

Back to golf.

Cheers
CanuckCT
Removed.
  • #64
  • Oct 3, 2010 10:27am Oct 3, 2010 10:27am
I may be wrong, but the discussion still needs to be a bit over the baseline values. Well see if this value is incorrect template is all wrong. If the range is 100 pips, should also change the baselevel, which would not be more because this value is 1.3673 over a range of 127 pips.
Am I correct?
  • #65
  • Oct 3, 2010 10:59am Oct 3, 2010 10:59am
Quoting squalou
As you can see, the low BO2 and TP2 ARE reversed in OldDog's calc.
I don't know why...

OldDog, any thoughts ?


SQ

Hello, squalou

It is almost certainly my fault being a silly old codger!! I was cutting and pasting lines from the C++ source code so I probably cut and pasted into the wrong place with that formula.

Thanks for spotting the error and for all the work on the indicators.

Best regards

Old Dog
  • #66
  • Oct 3, 2010 11:02am Oct 3, 2010 11:02am
Quoting SkyzerFX
Thank you SQ, I think other parameter should be in place there

"GMT_Offset"

Because on my screen it shown lines at 23 GMT and my broker has

GMT + 2, so those lines should be drawn 2 hours earlier.
well, NY closes at 23 GMT+2, right ?
So these settings seem correct to me.

SQ
  • #67
  • Oct 3, 2010 11:04am Oct 3, 2010 11:04am
Quoting leemonk
Out of interest..... anyone read the new updated first post from Bobi?
Yes. And I must say I am getting increasingly concerned about that "system".

There are so many rules now, and so may exceptions to those rules, that the system cannot "fail" as there is always a get-out clause. I am afraid I don't have a lot of faith in the original system now.

The arbitrary change of the phase gap from 127 to 82 then back to 127 was the last straw.

All we need is a simple system with:

(1) A monthly/weekly baseline
(2) A consistent and logically derived Phase Gap
(3) A simple calc to use the recent close plus the mid-phase value to give simple buy and sell levels.

Simple, consistent, reliable and TESTABLE!!

Regards

Old Dog
  • #68
  • Oct 3, 2010 11:11am Oct 3, 2010 11:11am
Quoting Old_Dog
Yes....
So true, - thanks a lot, Old Dog, for your support.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #69
  • Oct 3, 2010 11:12am Oct 3, 2010 11:12am
Quoting squalou
well, NY closes at 23 GMT+2, right ?
So these settings seem correct to me.

SQ
Ok, SQ as Market is closed now, will check it out later..


Thank you.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #70
  • Edited 12:23pm Oct 3, 2010 11:32am | Edited 12:23pm
Hi Squalou...can you check that it uses the closing price of the hourly candle. I'm getting some differences in the calculations for Old Dog's calculator and your calculations.
Cheers
CanuckCT

Quoting squalou
well, NY closes at 23 GMT+2, right ?
So these settings seem correct to me.

SQ
EDIT - ignore this, I'll rephase my question.
  • #71
  • Oct 3, 2010 11:40am Oct 3, 2010 11:40am
Quoting Old_Dog

All we need is a simple system with:

(1) A monthly/weekly baseline
(2) A consistent and logically derived Phase Gap
(3) A simple calc to use the recent close plus the mid-phase value to give simple buy and sell levels.

Simple, consistent, reliable and TESTABLE!!
Agree! Anything beyond this is more than we need. I have suggested a couple of other features for the indicator, only so they might be reviewed for potentials to achieve what OD has mentioned above.

Cheers
CanuckCT
  • #72
  • Oct 3, 2010 11:44am Oct 3, 2010 11:44am
Quoting leemonk
Out of interest..... anyone read the new updated first post from Bobi?
Nothing interesting there for me..unless you can point it out.
Cheers
CanuckCT
  • #73
  • Oct 3, 2010 12:26pm Oct 3, 2010 12:26pm
Quoting Old_Dog
Yes....

I agree with you completely.

We should leave that system in the other thread and concentrate strictly on what you do.

If we try to accommodate both we'll wind up with all the bogus and crackpot variations that ruined that other thread.
  • #74
  • Oct 3, 2010 1:25pm Oct 3, 2010 1:25pm
Sorry chaps, despite the title of this thread I 'thought' we were still taking Bobi's stuff and trying to develop it along side OD's.

My bad........

Regards

Lee
  • #75
  • Oct 3, 2010 1:46pm Oct 3, 2010 1:46pm
Quoting Old_Dog
Yes....
I am completly agree with Old Dog
I think bobi's thread is getting too complex to understand. We should concentrate more on this thread and Old Dog's guide line

CanuckCT if you can post the development of creating the indicator in the first post based on the 1 2 3 point Old Dog mentioned that would be great ..

I am sure you have already done that probarbly but as OD said..
First Step : Monthly Weekly base line
2nd Step : Phase Gap
3rd Step : Use the calculator to get the Buy/Sell entry point.


OD if you don't mind would you please tell us about how to get monthly and weekly base line is it another calculation?

Thanks
HoiChoi
  • #76
  • Oct 3, 2010 2:38pm Oct 3, 2010 2:38pm
Whatever is happening on that other thread can stay there. We may look at some of the concepts to see if they have merit, but will not be accepting things blindly. A trader just posted that "You can't imagine that everything is pre-determined".....that's a pretty scary comment about forex and you won't find that here.
Cheers
CanuckCT

Quoting leemonk
Sorry chaps, despite the title of this thread I 'thought' we were still taking Bobi's stuff and trying to develop it along side OD's.

My bad........

Regards

Lee
  • #77
  • Oct 3, 2010 2:39pm Oct 3, 2010 2:39pm
Downloaded OD's calculator from post #1 but it wont run. Running Vista. Anyone else having trouble?
Also thanks to Canuck and OD (and other contributors)for the work you're doing.
Barry
  • #78
  • Oct 3, 2010 3:37pm Oct 3, 2010 3:37pm
Quoting hoichoi
I am completly agree with Old Dog
I think bobi's thread is getting too complex to understand. We should concentrate more on this thread and Old Dog's guide line

CanuckCT if you can post the development of creating the indicator in the first post based on the 1 2 3 point Old Dog mentioned that would be great ..

I am sure you have already done that probarbly but as OD said..
First Step : Monthly Weekly base line
2nd Step : Phase Gap
3rd Step : Use the calculator to get the Buy/Sell entry point.


OD if you don't mind would you please tell us...
The baseline "calculation" is all that is missing.

Whereas the Phase Gap must be a single, fixed value, and I have already explained in detail how to find this (or at least, how I find it), the problem of the baseline is not so easy to reduce to a formula because it can take multiple values.

To explain what I mean, say we had a Phase Gap of 100 pips. Someone might suggest a Baseline of 1.3200, someone else might calculate 1.3300, yet another might insist on 1.3500, and so on.

All of these are the "right" answer because the phase grid would coincide with all of them. The baseline serves to "anchor" the grid and so can take the value of any phase line.

I don't think I am speaking out of turn when I say that several of us are working behind the scenes to resolve the best way to determine this. Please bear with us until we can report a significant result. This is probably better than endless open speculation which would only serve to confuse new readers.

Best regards

Old Dog
  • #79
  • Oct 3, 2010 5:03pm Oct 3, 2010 5:03pm
SQ, If you could take a look, please:

Buy Level 1/2 ( between 2 green areas) got some space

And 2 sell areas (pink spaces) looks like there is almost no space at all between 1/2 pink area,

just a few

pips.. Something is wrong with that picture?

Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: od_dog.jpg Size: 158 KB
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #80
  • Oct 3, 2010 5:09pm Oct 3, 2010 5:09pm
All right, market just opened 10 minutes ago (0:00 GMT+2), i had my MT4 up and running before that, and i saw my new daily OldDog zones and levels appear... the indicator rocks!

Let's now get serious about testing this strategy! We have a full month before us!

SQ

Quoting squalou
What is unsure as of now:
- i don't know yet if it will follow price action properly for extending the Phases when price breaks out to a new Phase up or down;
- i don't know if it will properly draw the new daily OldDog zones when NY closing bell rings...
This is because markets are closed now, so i can't feed the indicator with new ticks until monday...
0 traders viewing now