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Old Dog Fib Trading - EURUSD

  • #81
  • Oct 3, 2010 5:17pm Oct 3, 2010 5:17pm
Quoting SkyzerFX
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.

well... formulas are formulas...

i see your chart shows 86pips for the phase gap for october.
Strange.
Myself and OldDog did come to 100pips.

Don't know where this would come from.

sq
  • #82
  • Oct 3, 2010 5:30pm Oct 3, 2010 5:30pm
99 pips for Oct here...and my screen shot..

I have a few bars on Friday after the NY close...and it's messing with my Sunday open display. This is a live FXPro account. So I wonder if the indicator could ignore any data after the Friday NY close.

Cheers
CanuckCT

Attached Image (click to enlarge)
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  • #83
  • Oct 3, 2010 5:50pm Oct 3, 2010 5:50pm
Quoting Old_Dog
The baseline "calculation" is all that is missing.


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.


Old Dog
Could you explain again how to calculate the baseline??
  • #84
  • Oct 3, 2010 5:53pm Oct 3, 2010 5:53pm
Quoting CanuckCT
99 pips for Oct here...and my screen shot..
Hmm, strange I'm trying on other Broker (IBFX) same picture,

using last version INDY posted..

Changed background color, to see more details, otherwise, cannot

see Phase 0 which is black line: Now looking better but 87 pips still

Let's see if anyone else come up with that number
Attached Image (click to enlarge)
Click to Enlarge Name: old_dog_87p_2.jpg Size: 113 KB
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #85
  • Oct 3, 2010 8:21pm Oct 3, 2010 8:21pm
Hi Squalou,

On an earlier post (this one actually -> http://www.forexfactory.com/showpost...2&postcount=30 ), I had suggested that we might develop an indicator that draws a fib for NY close breakouts. The pic of this indicator might look like this (just the fibs, not the breakout boxes):

Attached Image


It makes sense that either an ATR or Average Daily Range type calculation come into play in determining the height of the fib. For example, if EURUSD had an ATR or ADR of say 150, then we might draw a fib range for 75 pips up and 75 pips down and fib lines would only extend for the current day.

I'm attaching a couple of these type of indicators that display the ranges, regardless of timeframe.

Since the pairs often try to fill most of their daily range, this type of .

The indicator might also have an override....so if you wanted to set it to 75 pips regardless of the calculation, you could do so.

Seems to me the fib would be drawn on the first tick of the new day....so you can capture the most recent day.

We'll collectively need to give this some thought regarding whether it makes sense to pursue it, but the visual of the fib on a few hundred days is something that cannot be easily drawn without an indicator.

I'm suggesting this because we might stumble upon something to help with a way of setting daily breakout targets that might help Old Dog or develop a variation on his calculations.

Cheers
CanuckCT
Attached File(s)
File Type: mq4 ATR D1 Shinigami.mq4   1 KB | 487 downloads
File Type: mq4 Average Day Range v1.0.mq4   4 KB | 458 downloads
File Type: mq4 Avg Daily Range.mq4   4 KB | 447 downloads
  • #86
  • Oct 3, 2010 9:12pm Oct 3, 2010 9:12pm
Just so we don't get into a lot of discussion about different broker times and differing phase pip value, everyone should download an FXPro demo. Then we won't have 100 posts discuss the different pip phases. I'll be deleting those posts to tidy things.
Cheers
CanuckCT
  • #87
  • Oct 3, 2010 9:34pm Oct 3, 2010 9:34pm
The reason the phase gap is different is because the indicator uses ATR to calculate it. If you have a broker that has a few hours of data on Sunday night, that counts as a day as far as ATR is concerned and that "smaller" day will give you a smaller phase calculation.

Cheers
CanuckCT
  • #88
  • Oct 3, 2010 10:40pm Oct 3, 2010 10:40pm
I'm posting this on behalf of theGuru...

I had intended to post it on the Abonacci thread only to find that I don't have posting privileges there. I guess this thread is seen by the creator of that thread to be a problem.

So I post it here. If someone deems it appropriate, they could post it on the Abonacci thread, but do so at you own peril.

Please do not ask me to support this by answering questions re what it does or how to use. Those questions will be ignored and persistence in asking them will be problematic.

Cheers
CanuckCT

Here is the note from theGuru:

"Because I am a man of my word and I said I would post the calculations should I work them out, here is an indicator that you should all find usefull (I hope). This indicator is based solely on my interpretation of Bobbi's calculations.

Please note though ...
Due to the way I was treated earlier (being called 'Gobshite','Popous fool','Wanker','MORON', etc), for some reason FF has deemed that I should be suspended and receive an infraction. I find this totally ridiculous and if this is how FF treats their members then I don't want to be part of it.

Therefore, I will not be able to provide any support or updates for this indicator but it should continue to work unless Bobbi decides that the magic 127pip range is no longer 127pips (which it won't always be). Please also be aware that if the 127pip range is changed, those who have hung on to the original calculator will most likely find it failing."
Attached File(s)
File Type: ex4 Abonacci Pivots6.9.ex4   42 KB | 618 downloads
  • #89
  • Oct 3, 2010 10:43pm Oct 3, 2010 10:43pm
One more thing, and this is important, DO NOT FILL THIS THREAD WITH A DISCUSSION OF THIS INDICATOR!

Cheers
CanuckCT
  • #90
  • Oct 3, 2010 11:16pm Oct 3, 2010 11:16pm
Quoting Bary
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.
Were you able to get it to run? I'm not using Vista on this pc but after downloading and trying to open it, I couldn't get it to run either.
  • #91
  • Oct 4, 2010 4:28am Oct 4, 2010 4:28am
@squalou

Good job on the indie, it works great!
  • #92
  • Oct 4, 2010 4:59am Oct 4, 2010 4:59am
Guys

You may recall what I said in my earlier posts about the trading precision that can be obtained by carefully picking the right S/R using these ideas.

Attached the latest chart showing a stall accurate to less than 1 pip. These are my weekly lines (not monthly, like Aebab), calculated at market open at 0000 on a GMT+3 broker.

This is why I don't bother too much with the Calculator. I just trade the lines. A 100+ pips trade like this each day is all you need.

Best regards

Old Dog
Attached Image (click to enlarge)
Click to Enlarge Name: Mon04_1.JPG Size: 26 KB
  • #93
  • Oct 4, 2010 5:39am Oct 4, 2010 5:39am
I made the following changes to the indicator:


- set the default NY_Close to match FXPro Server (0:00/GMT+3), which has no sunday candles.

- fixed the friday/sunday candles/zones bug; i tested with various "NY_close" time settings, on Alpari-UK(gmt+2) and FXPro(gmt+3) servers, all ok.

- display Pivot and Sentiment lines values;

- changed colors so they display decently on both a white and black background...

I still get 99p for October Phase Range on FxPro also, which should not be affected by the sunday candles as there are none with this broker.
You guys having different results should try to update your History (F2), and recalc all timeframes.


Not yet added CanuckCT fibs, that will be for next version.


SQ
Attached File(s)
File Type: mq4 sqAbonacciOldDogLevels-v1.1.mq4   23 KB | 530 downloads
File Type: ex4 sqAbonacciOldDogLevels-v1.1.ex4   18 KB | 417 downloads
  • #94
  • Oct 4, 2010 5:56am Oct 4, 2010 5:56am
Quoting Old_Dog
Guys

You may recall what I said in my earlier posts about the trading precision that can be obtained by carefully picking the right S/R using these ideas.

Attached the latest chart showing a stall accurate to less than 1 pip. These are my weekly lines (not monthly, like Aebab), calculated at market open at 0000 on a GMT+3 broker.

This is why I don't bother too much with the Calculator. I just trade the lines. A 100+ pips trade like this each day is all you need.

Best regards

Old Dog
Many thanks for your insight, OD. Are you able to tell us what calculation(s) you are using for the levels in this chart, if they are not from your calculator?
  • #95
  • Oct 4, 2010 6:09am Oct 4, 2010 6:09am
Quoting ChowClown
Many thanks for your insight, OD. Are you able to tell us what calculation(s) you are using for the levels in this chart, if they are not from your calculator?
Hello Chow

There is nothing magic going on here. If you put all the lines on your chart that have thus far been suggested, as Skyzer says, it is hard to see daylight between them. How in hell are you going to trade that mess?

Not all lines are created equal! Just look back at the recent PA and you will soon see which lines "matter" and which are just a distraction. http://cdn.forexfactory.com/images/s.../yim/happy.gif

Good luck

Old Dog
  • #96
  • Oct 4, 2010 6:16am Oct 4, 2010 6:16am
Guys

See what I mean? Engulfing bullish bar off the X line and up we go.

This is not rocket science. Just markets doing what markes have to do...

Regards

Old Dog
Attached Image
  • #97
  • Oct 4, 2010 6:17am Oct 4, 2010 6:17am
Quoting Old_Dog
Just look back at the recent PA and you will soon see which lines "matter" and which are just a distraction. http://cdn.forexfactory.com/images/s.../yim/happy.gif
ah, understood.
  • #98
  • Oct 4, 2010 6:26am Oct 4, 2010 6:26am
Hey Squalou,

Very nice work. And a clean, crisp chart when white background used. Good job on those few small bugs. Pending approval from Old Dog, our work here could be done, once baseline calculation finalized.

I also have a Guru indicator that is similar and will post it soon.

The targets for today have been met. I got some of these pips...hope others did also. I'll check against the original Old Dog calculator and others should do the same.

Now everyone who's paying attention, don't forget to use some smart money management if you are blindly taking these trades. Personally I'm using it to confirm other things I look for. Tis most pleasant.

Cheers
CanuckCT

Attached Image (click to enlarge)
Click to Enlarge Name: 2010-10-04_0816.png Size: 61 KB
  • #99
  • Edited 6:52am Oct 4, 2010 6:36am | Edited 6:52am
Quoting CanuckCT
Hey Squalou,

Very nice work....
Hello,

I very much approve of the excellent work being done here, so ably coordinated by CanuckCT.

This thread is a testament to what a few dedicated people can achieve by pooling resources and talent, while keeping the morons at bay...

Some good pips today - well done to all!

Best regards

Old Dog

Edit: Looks like our readership is increasing so we must be doing something right!
Attached Image (click to enlarge)
Click to Enlarge Name: readership.JPG Size: 17 KB
  • #100
  • Oct 4, 2010 6:59am Oct 4, 2010 6:59am
After some discussion with Old Dog, I'm posting a spreadsheet that calculates "a" baseline. It's not perfect and may in fact not be as good as what you will get with your eyes and looking at price action. But it's an objectively determined number that others can assess, and perhaps improve.

The trader who provided the spreadsheet calculation shall remain anonymous unless he indicates otherwise, then shall receive full kudos for his work.

Here is what I suggest we do.

Work out a way to add this to the indicator so that it auto-calculates. Think of a way to allow for future override of the base value. So some type of external table...or an indicator that is a table, makes sense. When you add the Baseline Override indicator to the chart, it needs three values..year, month, price....and have a provision for say 12 months to start. Drop down boxes would be best for those people who might type a number greater than 12 or a formatted value for the year that makes no sense. The Old Dog indicator will first look to the Baseline Override indicator to see if any baseline levels are overridden. If so, it uses that override value for the baseline for that month. For the months where no baseline override exists, it does the calculation in the spreadsheet.

The indicator that Guru is working on uses a certain fib calculation to create a baseline and also uses this spreadsheet. The fib calculation is different than what this spreadsheet does, obviously, so we'll have two different approaches, so this is good.

However, both calculations are objectively determined.

Enjoy.

Cheers
CanuckCT
Attached File(s)
File Type: xls calc_basePoint_Oct.xls   18 KB | 718 downloads
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