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Simple Fibonacci Trading

  • #181
  • Mar 29, 2012 4:19am Mar 29, 2012 4:19am
Quoting GDR3k
I've been looking for an EA like this for a while, however I'm unable to find it to download in this thread, has it been removed?
Posts #51, #112 and #158
MT4/MT5 EAs/Indicators/Alerts coder
  • #182
  • Mar 29, 2012 4:40am Mar 29, 2012 4:40am
Quoting FerruFx
Posts #51, #112 and #158
Cheers, is there a manual to read on how to use this?
  • #183
  • Mar 29, 2012 4:52am Mar 29, 2012 4:52am
Quoting GDR3k
Cheers, is there a manual to read on how to use this?
Did you read the post #51 ???
MT4/MT5 EAs/Indicators/Alerts coder
  • #184
  • Mar 29, 2012 5:07am Mar 29, 2012 5:07am
if you are able to coordinate 3 tf (or minimum 2 tf) .... the posibidades of success are very high.

I get a lot of private messages and I have no time to answer.

and as this strategy is the most similar to mine it will put the two examples here.

1.-EXAMPLE

E-J ---- D1

Mn ............ oversold

W1 .......... Oversold + candle

D1 ........... oversold + candle
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.-ej-w-zz.gif Size: 28 KB
Click to Enlarge Name: 2.-ej-w-zz.gif.d.gif Size: 31 KB
Click to Enlarge Name: 3.ej-w-zz.gif.d.gif---tp-sl.gif Size: 34 KB
  • #185
  • Mar 29, 2012 5:14am Mar 29, 2012 5:14am
2.- EXAMPLE... NOW SELL IN H4

W1 ... Overbought

D1 .... Overbought + Candle (ENGULLYNF)

H4..... Overbought + Candle (INSIDE)

If you want you can draw fibo in d1 ... what matters is that the candle on h4 form below the candle of d1
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.-ej-w1...........................example2.gif Size: 39 KB
Click to Enlarge Name: 2.-ej-w1-d...........................example2.gif Size: 35 KB
Click to Enlarge Name: 3-ej-w1-d.-h4..........................example2.gif Size: 36 KB
  • #186
  • Mar 29, 2012 5:49am Mar 29, 2012 5:49am
Quoting Hugh Briss
My 30 min eurusd short got taken out for a loss. I still think the 4 hour could retrace before a move higher so I'll keep that in place.

On the other trades I've got audusd still open and floating around 80 pips up. It very nearly reached it's first profit target overnight but missed by a few pips and went back up. I'll hold that open and see if it reaches tp1 during the day today. Usdjpy is pushing down nicely now after a slow start. Nothing else is setting up imminently but I'll keep an eye out and post if I like anything.
Ironic isn't it - you get taken out and then the trade works and reaches target 1.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_30min (2).jpg Size: 166 KB
  • #187
  • Mar 29, 2012 5:53am Mar 29, 2012 5:53am
Hi all!
I start using this system 2 days ago. It's very interesting, simple, and I think profitable system! Thx. to author.

I have one question: On time frame M30 H1 and H4 what setings you use in indicator ZigZag?

....and which indicator you use for determine the trend?
  • #188
  • Mar 29, 2012 5:56am Mar 29, 2012 5:56am
Quoting porfirio
2.- EXAMPLE... NOW SELL IN H4

W1 ... Overbought

D1 .... Overbought + Candle (ENGULLYNF)

H4..... Overbought + Candle (INSIDE)

If you want you can draw fibo in d1 ... what matters is that the candle on h4 form below the candle of d1
Thanks for posting these, that approach makes a lot of sense.
  • #189
  • Mar 29, 2012 5:56am Mar 29, 2012 5:56am
Quoting Raggs
Ironic isn't it - you get taken out and then the trade works and reaches target 1.
Yes, it's not going to work all the time.
  • #190
  • Mar 29, 2012 5:57am Mar 29, 2012 5:57am
Quoting Cashx_
Hi all!
I start using this system 2 days ago. It's very interesting, simple, and I think profitable system! Thx. to author.

I have one question: On time frame M30 H1 and H4 what setings you use in indicator ZigZag?

....and which indicator you use for determine the trend?
I'm using different settings at the moment according to whatevere looks best. I'm sure we can improve on the best settings but I think just use the setting that picks out the most obvious swing points. Try 15.
  • #191
  • Mar 29, 2012 5:58am Mar 29, 2012 5:58am
Audusd reached tp1 so the ea closed half and now trailing the second half although it has pulled back a little. Usdjpy is well on it's way to tp1 as well. Eurusd may soon hit the 50% retrace level on the 4 hour chart.
  • #192
  • Mar 29, 2012 6:12am Mar 29, 2012 6:12am
thank you, Hugh, for letting me post here ... my English is very bad

but now I can answer private messages referring members to this page
  • #193
  • Mar 29, 2012 6:37am Mar 29, 2012 6:37am
i have used a method like this for a few years and i confirm that is simple and effective!
cheers
  • #194
  • Mar 29, 2012 6:49am Mar 29, 2012 6:49am
Quoting Hugh Briss
Audusd reached tp1 so the ea closed half and now trailing the second half although it has pulled back a little. Usdjpy is well on it's way to tp1 as well. Eurusd may soon hit the 50% retrace level on the 4 hour chart.
Hugh
EURUSD - would you consider the 60min as as a set up instead of the 4H if 4H does not touch 50%?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD_4H.jpg Size: 134 KB
Click to Enlarge Name: EURUSD_60min.jpg Size: 142 KB
  • #195
  • Mar 29, 2012 6:50am Mar 29, 2012 6:50am
OR - has the 60min violated entry by dropping below 100sma?
  • #196
  • Mar 29, 2012 7:19am Mar 29, 2012 7:19am
Quoting porfirio
thank you, Hugh, for letting me post here ... my English is very bad

but now I can answer private messages referring members to this page
You are always welcome to post on any of my threads, your input is always very appreciated and valuable.

Creo que tu eres uno de los hombres buenos aqui.
  • #197
  • Mar 29, 2012 7:20am Mar 29, 2012 7:20am
Quoting eth000
i have used a method like this for a few years and i confirm that is simple and effective!
cheers
Thanks for taking the time to post. It's good to know we are on the right lines.
  • #198
  • Mar 29, 2012 7:22am Mar 29, 2012 7:22am
Quoting Raggs
Hugh
EURUSD - would you consider the 60min as as a set up instead of the 4H if 4H does not touch 50%?
Read back a few posts and you will see I am not using the 100 sma any more. I am busy formulating an idea for how to spot a valid setup against a nonvalid one and I'm getting close. Once I have it sorted out I will post.

The above trade could work but I'm still holding out for the 4 hour one.
  • #199
  • Mar 29, 2012 7:26am Mar 29, 2012 7:26am
Looking at a potential set up on USDJPY 1H - your take on this guys??
Any comments?
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY__1H.jpg Size: 134 KB
  • #200
  • Mar 29, 2012 7:28am Mar 29, 2012 7:28am
Quoting Hugh Briss
Read back a few posts and you will see I am not using the 100 sma any more. I am busy formulating an idea for how to spot a valid setup against a nonvalid one and I'm getting close. Once I have it sorted out I will post.

The above trade could work but I'm still holding out for the 4 hour one.
Must have missed that one :-)
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