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Attachments: Simple Fibonacci Trading
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Simple Fibonacci Trading

Quoting FerruFx
The EA follow the rules in post #1.

You must draw the Fibo as per your own vision of the chart.
Hi. Please tell me if I am doing something wrong, but the EA appears grey in the navigator window, which MT4 help says means it isn't compiled correctly and EA can't be used. I've not used any EA before, so I am a bit dumb in this field.

Thanks.
Quoting Chulmleigh
Hi. Please tell me if I am doing something wrong, but the EA appears grey in the navigator window, which MT4 help says means it isn't compiled correctly and EA can't be used. I've not used any EA before, so I am a bit dumb in this field.

Thanks.
The ea is compiled fine. When it's in grey it means that it is an ex4 file which cannot be altered. The code can't be viewed of changed. It's fine to use.
Quoting Hugh Briss
The ea is compiled fine. When it's in grey it means that it is an ex4 file which cannot be altered. The code can't be viewed of changed. It's fine to use.
Ahh, I see. Thanks very much.
Quoting Hugh Briss
The ea is compiled fine. When it's in grey it means that it is an ex4 file which cannot be altered. The code can't be viewed of changed. It's fine to use.
To be more precise, when the icon is blue that means that both .mq4 and .ex4 files are in the folder ... and if the icon is grey that means that only the .ex4 is in the folder.

Anyway, the .mq4 file isn't needed to use EAs/indicators in the platform.
MT4/MT5 EAs/Indicators/Alerts coder
ferrufux thank you very much for the EA and it seems people are not contribute anymore but dont be dis-courage were are still here lovely EA
THANK You
Quoting Tiwa
ferrufux thank you very much for the EA and it seems people are not contribute anymore but dont be dis-courage were are still here lovely EA
THANK You
You're welcome.
MT4/MT5 EAs/Indicators/Alerts coder
Here's gbpusd. The slope of the ma isn't perfect but ok.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 27th mar 2012 11.30.gif Size: 20 KB
Quoting Hugh Briss
Here's gbpusd. The slope of the ma isn't perfect but ok.
No good, stopped out on that one. Oh well, on to the next.
I took the trade from the 15 min chart - didn't work this time :-(
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.jpg Size: 134 KB
Hugh - how many pairs do you trade?
Quoting Raggs
Hugh - how many pairs do you trade?
I trade all available pairs but my broker has pretty low spreads. Eurnzd is around 5.5 pips, my previous broker was 15!
In the attachments of this thread, some are .EX4 and some are .MQ4. Shouldn't they all be .MQ4? How else do we modify?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
Quoting TooSlow
In the attachments of this thread, some are .EX4 and some are .MQ4. Shouldn't they all be .MQ4? How else do we modify?
You don't. There's nothing in the code that needs changing and if there is you can just ask the person who originally coded it. (who is an awesome coder by the way)
Possible buy setup on eurusd 30 min but can't post pic at the moment. I'll post one if it sets up.
Is this the set up? waiting for price to reach 50%?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_30min.jpg Size: 166 KB
Hugh - is this based upon Fibonacci Retracement on 15M chart?


Quoting Hugh Briss
Possible buy setup on eurusd 30 min but can't post pic at the moment. I'll post one if it sets up.
Quoting Raggs
Is this the set up? waiting for price to reach 50%?
That's the one, thanks for posting.
Quoting Coast101
Hugh - is this based upon Fibonacci Retracement on 15M chart?
Looks better on 30 min.
I've been playing around with the zigzag indicator to see if it helps define the trend a little better and it does look quite good. I think it is better to drop the sma rule and just use the zigzag indicator that comes with metatrader under custom indicators. You can change the first setting to define larger or smaller swings if you want. I set most of them to 15 but needed 30 on eurusd to define the swing I wanted properly. You can change it as and when you want to so it's not exactly curve fitting, you're just changing it to the conditions. I've attached my current charts. I am concentrating on just a few pairs for now until I get the time to set up the rest. You'll notice I've drawn some trendlines on too, handy for defining the trend.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euraud 30min 27th march 2012 19.47.gif Size: 18 KB
Click to Enlarge Name: usdjpy 30min 27th march 2012 19.47.gif Size: 16 KB
Click to Enlarge Name: audusd 4hour 27th march 2012 19.48.gif Size: 18 KB
Click to Enlarge Name: gbpusd 1hour 27th march 2012 19.48.gif Size: 16 KB
Quoting Hugh Briss
I've been playing around with the zigzag indicator to see if it helps define the trend a little better and it does look quite good. I think it is better to drop the sma rule and just use the zigzag indicator that comes with metatrader under custom indicators. You can change the first setting to define larger or smaller swings if you want. I set most of them to 15 but needed 30 on eurusd to define the swing I wanted properly. You can change it as and when you want to so it's not exactly curve fitting, you're just changing it to the conditions. I've...
LOL!
Biggest joker
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