Simple Fibonacci Trading | Page 31 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

I need an EA for my simple "Mother Candle Fibonacci System" 63 replies

Trading is this Simple? Finally Explained simple and clearly! 46 replies

What is the Differences between Fibonacci Fan and Fibonacci Arcs 15 replies

Gp's simple daily fibonacci-based system 120 replies

Simple Fibonacci with candlesticks... 2 replies

Attachments: Simple Fibonacci Trading
Exit Attachments

Simple Fibonacci Trading

  • #601
  • Apr 18, 2012 7:01am Apr 18, 2012 7:01am
Quoting FerruFx
Yes. This chart would have given you at least TP#1.
ok. thank you

what about the current state of aud/jpy m15? im thinking short possibly?
  • #602
  • Apr 18, 2012 7:10am Apr 18, 2012 7:10am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting evilmeatball
ok. thank you

what about the current state of aud/jpy m15? im thinking short possibly?
AJ 15min show an UP trend ... maybe the end ... But in my opinion, it's little bit early for looking for a short setup.
MT4/MT5 EAs/Indicators/Alerts coder
  • #603
  • Apr 18, 2012 7:13am Apr 18, 2012 7:13am
EJ and AJ active
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej.gif Size: 27 KB
Click to Enlarge Name: aj.gif Size: 24 KB
  • #604
  • Apr 18, 2012 7:14am Apr 18, 2012 7:14am
Quoting FerruFx
Nice beer -er- ... but it is only a demo one
hi ferrufx if u r alredy here can u help me out , the ea doesnt put orders
i cant figure out what mayt be the problem.
Iam just A pips on the rode :nerd:
  • #605
  • Apr 18, 2012 7:14am Apr 18, 2012 7:14am
Quoting FerruFx
AJ 15min show an UP trend ... maybe the end ... But in my opinion, it's little bit early for looking for a short setup.
ah yes you are correct FerruFx. i eyeballed the swing high there and was of by a few pips.

My logic is 83,91 swing created the last leg up to the currently highest point of the day and as such has to be invalidated in order to become a short trend. I didn't see that until looking closer. thx
  • #606
  • Apr 18, 2012 7:52am Apr 18, 2012 7:52am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting -er-
hi ferrufx if u r alredy here can u help me out , the ea doesnt put orders
i cant figure out what mayt be the problem.
Did you set correctly your Fibo on chart ?

Did you applied the EA before the retrace level was reached ?

Did you allowed live trading on your platform (smiley face in top right corner) ?

Do you have error messages in the experts and journal tabs ?
MT4/MT5 EAs/Indicators/Alerts coder
  • #607
  • Apr 18, 2012 8:25am Apr 18, 2012 8:25am
Quoting FerruFx
Did you set correctly your Fibo on chart ?

Did you applied the EA before the retrace level was reached ?

Did you allowed live trading on your platform (smiley face in top right corner) ?

Do you have error messages in the experts and journal tabs ?
now its open sell or buy, but white out sl and tp, shold i give him "ask manual confimetion",its pop up evry coupel of second when i do thet.
Iam just A pips on the rode :nerd:
  • #608
  • Apr 18, 2012 8:29am Apr 18, 2012 8:29am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting -er-
now its open sell or buy, but white out sl and tp, shold i give him "ask manual confimetion",its pop up evry coupel of second when i do thet.
No need manual confirmation.

Is there any error message in the experts and journal tabs after the order was opened ?
MT4/MT5 EAs/Indicators/Alerts coder
  • #609
  • Apr 18, 2012 8:31am Apr 18, 2012 8:31am
Euraud pulling back a bit today but eurusd doing ok.
  • #610
  • Apr 18, 2012 8:34am Apr 18, 2012 8:34am
Quoting -er-
now its open sell or buy, but white out sl and tp, shold i give him "ask manual confimetion",its pop up evry coupel of second when i do thet.
ok its work now, thanks alot!!!(but its pop up whan i gave him manual confirmation , so i close the simaily , its ok?)
Iam just A pips on the rode :nerd:
  • #611
  • Apr 18, 2012 8:47am Apr 18, 2012 8:47am
Quoting FerruFx
No need manual confirmation.

Is there any error message in the experts and journal tabs after the order was opened ?
its keep on pop up , pluse it dont put tp on the zero fib(only on the 138).
no error on the journal.

why its pop up all the time?
Iam just A pips on the rode :nerd:
  • #612
  • Apr 18, 2012 8:50am Apr 18, 2012 8:50am
Quoting -er-
its keep on pop up , pluse it dont put tp on the zero fib(only on the 138).
no error on the journal.

why its pop up all the time?

its ok thet there is no tp on the zero line?
Iam just A pips on the rode :nerd:
  • #613
  • Apr 18, 2012 8:51am Apr 18, 2012 8:51am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting -er-
its keep on pop up , pluse it dont put tp on the zero fib(only on the 138).
no error on the journal.

why its pop up all the time?
0 level isn't a TP but a partial close. Only the final TP (TP#2 or TP#3) is sent to broker.

If the pop up is the MT4 manual confirmation, just unselect it in the comon tab.
MT4/MT5 EAs/Indicators/Alerts coder
  • #614
  • Apr 18, 2012 9:17am Apr 18, 2012 9:17am
Quoting FerruFx
0 level isn't a TP but a partial close. Only the final TP (TP#2 or TP#3) is sent to broker.

If the pop up is the MT4 manual confirmation, just unselect it in the comon tab.
i will try it, thanks.
Iam just A pips on the rode :nerd:
  • #615
  • Apr 18, 2012 10:05am Apr 18, 2012 10:05am
I think someone (turbo?) mentioned EURJPY possibly turning and setting up on the daily.

Had a look and did not want all that risk on the daily so went down to 60 min and saw a set up long. Looks to be working OK.
If we pass previous high on 13th could then be viable for daily?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPY DAILY.png Size: 46 KB
Click to Enlarge Name: EURJPY 60min.png Size: 55 KB
  • #616
  • Apr 18, 2012 10:46am Apr 18, 2012 10:46am
Quoting Raggs
I think someone (turbo?) mentioned EURJPY possibly turning and setting up on the daily.

Had a look and did not want all that risk on the daily so went down to 60 min and saw a set up long. Looks to be working OK.
If we pass previous high on 13th could then be viable for daily?
Yep I'm in on the daily no more risk just have to lower your lot size for the bigger sl risk is the same on all trades.
Also don't really see the hourly setup but thats just me.
  • #617
  • Apr 18, 2012 10:52am Apr 18, 2012 10:52am
HI Hugh and all,

I want to ask what are risk/reward ratios per trade, how many wining trades are vs. losing ones, and what is amount of pips won per day and total? I hope I'm not asking too much. Btw, great strategy! Love it!

Thanks.
  • #618
  • Apr 18, 2012 11:05am Apr 18, 2012 11:05am
Quoting turboguru
Yep I'm in on the daily no more risk just have to lower your lot size for the bigger sl risk is the same on all trades.
Also don't really see the hourly setup but thats just me.
I know what you mean about the set up - I decided to take a mid point low on the last up move. This would reduce my risk for the same lot size and if it was going to take off on daily I would be pre-positioned.
If it works it works - if it doesn't then I'll set up on the daily above the high of the 13th and as you say reduce my lot size.
The difference with my 60min is that I would also have to be out earlier with less profits - such is life when we make these decisions

Plus by the time I'm out at TP2 - on 60min (if it gets there, that would be approx my entry point for the daily) - so I was trying to grab a quick profit before the bigger trade
  • #619
  • Apr 18, 2012 11:17am Apr 18, 2012 11:17am
Quoting marijan993
HI Hugh and all,

I want to ask what are risk/reward ratios per trade, how many wining trades are vs. losing ones, and what is amount of pips won per day and total? I hope I'm not asking too much. Btw, great strategy! Love it!

Thanks.
its about 1 to 1.5 1 to 2.5 rr, the amount of pips depends on u r trades(the time frame u trade).
Iam just A pips on the rode :nerd:
  • #620
  • Apr 18, 2012 1:11pm Apr 18, 2012 1:11pm
Thanks -er-
0 traders viewing now