helo
there was avery god trade
and i took it and gain onother 10 easy pips
thank you pangufx
there was avery god trade
and i took it and gain onother 10 easy pips
thank you pangufx
Attached Image (click to enlarge)
there was a sell signal this morning at around 10.30 gmt. however the trade has only triggered just now, after 3 hours . is the trade still valid after such a long time ? or is it too late, as six m30 bars have passed since signal was given.
- #224
- Edited 6:09pm Apr 19, 2012 4:58pm | Edited 6:09pm
helo
there was avery god trade
and i took it and gain onother 10 easy pips
thank you pangufx
And then the whales dragged it all the way back up again to feed us another +10 retracing down.
All on the 1 H4 bar - again !
Will draft up a post to go with my indy I have been playing with. Its not quite a stand alone fib, that was just too much for the old single cell to get thru. Will post while the markets snooze.
cheers scalpz
Target 2 : Stoploss in the green
- #225
- Edited 6:22pm Apr 19, 2012 6:14pm | Edited 6:22pm
MotherFibber v0.10
Ok, been doctoring this for long enough. Its not a stand alone fib like I was after, but the logic of the lines and bars and text and moving them was just too much for my single brian cell to handle. So I copped out and reverted to drawing parts of the standard fib.
This will only change your MT4 default fib if you edit the properties on screen.
I have a different standard fib layout I like to use with its extensions etc, so I didnt want this MF over writting my normal settings. I keep a standard fib on an unused chart, just incase. Then I can edit its properties to reset back to my standard fib.
Back to this MF.
Have a play with repositioning it to different bars on the M30. Just need to keep the latest end as the latest, ie the extended bar end.
If you get them back to front you get huge minus figures.
If on the M30 & the range is >81 it shows the SL, Pending (SellStop or BuyStop), & TP, else "no trade". It includes a figure for the spread on all buys side of the trades. This is to ensure that the price action matches what you see on your screen sell data.
Does not handle changing time frames too good. Thats why I ended up putting the extended bar & lookback settings on the screen comments. Check them before you change TFs, for when you change back. Or just reposition the fib.
It waits for ticks to your chart so sometimes zip happens - Do your "infront of screen exercises/stretches".
I have tried to stick with Pangu's MotherFibber rules. If you spot a deviation from them, please yell. Not really after mods for the strategy - far too early and it aint broken - yet.
For you black screen guys, may need to change the fibcolor to something that suits within the externals. I originally had it as black, but it was too loud on my screen.
Settings:
extern int extremebar = 0; // bar number of extreme bar (0=currently forming bar)
extern int lookback = 42; // bars to count back further from the extreme bar
extern color FibColor = Turquoise; //Black; // or pick another then edit this line
extern double SLPastExtreme = 10; // distance from extreme bar end to SL
extern double TradeGap = 2; // from inside extreme bar to pending trade
extern double ProfitPips = 10; // from pending trade to TP
extern double SpreadPips = 2.1; // spread to use instead of live ask-bid figure
extern double FibPipLimit = 81.0; // MotherFibber system has that EURUSD needs to be >81 pips
Code is free open source, try to sell it and I will be chuffed that you think its that good, but the SH & FPA gangs will hunt you out.
Oh, it is an indy, so put it in your /experts/indicator folder.
Be nice, this is my 1st toy/junk and Pangu - thanks so much for the strategy.
cheers scalpz
Ok, been doctoring this for long enough. Its not a stand alone fib like I was after, but the logic of the lines and bars and text and moving them was just too much for my single brian cell to handle. So I copped out and reverted to drawing parts of the standard fib.
This will only change your MT4 default fib if you edit the properties on screen.
I have a different standard fib layout I like to use with its extensions etc, so I didnt want this MF over writting my normal settings. I keep a standard fib on an unused chart, just incase. Then I can edit its properties to reset back to my standard fib.
Back to this MF.
Have a play with repositioning it to different bars on the M30. Just need to keep the latest end as the latest, ie the extended bar end.
If you get them back to front you get huge minus figures.
If on the M30 & the range is >81 it shows the SL, Pending (SellStop or BuyStop), & TP, else "no trade". It includes a figure for the spread on all buys side of the trades. This is to ensure that the price action matches what you see on your screen sell data.
Does not handle changing time frames too good. Thats why I ended up putting the extended bar & lookback settings on the screen comments. Check them before you change TFs, for when you change back. Or just reposition the fib.
It waits for ticks to your chart so sometimes zip happens - Do your "infront of screen exercises/stretches".
I have tried to stick with Pangu's MotherFibber rules. If you spot a deviation from them, please yell. Not really after mods for the strategy - far too early and it aint broken - yet.
For you black screen guys, may need to change the fibcolor to something that suits within the externals. I originally had it as black, but it was too loud on my screen.
Settings:
extern int extremebar = 0; // bar number of extreme bar (0=currently forming bar)
extern int lookback = 42; // bars to count back further from the extreme bar
extern color FibColor = Turquoise; //Black; // or pick another then edit this line
extern double SLPastExtreme = 10; // distance from extreme bar end to SL
extern double TradeGap = 2; // from inside extreme bar to pending trade
extern double ProfitPips = 10; // from pending trade to TP
extern double SpreadPips = 2.1; // spread to use instead of live ask-bid figure
extern double FibPipLimit = 81.0; // MotherFibber system has that EURUSD needs to be >81 pips
Code is free open source, try to sell it and I will be chuffed that you think its that good, but the SH & FPA gangs will hunt you out.
Oh, it is an indy, so put it in your /experts/indicator folder.
Be nice, this is my 1st toy/junk and Pangu - thanks so much for the strategy.
cheers scalpz
Target 2 : Stoploss in the green
- #230
- Apr 20, 2012 6:12pm Apr 20, 2012 6:12pm
now the retrace to the 38 looks like it happenned, so now we need a new >81 pip move.
Both F & G bars 25.6 pips - just too much.
Any trade based on F or G bar was going to have to almost get to the 50% for a +10 TP. Too big an ask.
Changed my fib to (H) to (G) for "most recent >81" at the time. 2 bars later 38.2 gets touched.
Guess I was looking for a reason not to be trading this late on Friday.
cheers scalpz
Target 2 : Stoploss in the green
- #232
- Edited 7:34am Apr 23, 2012 6:58am | Edited 7:34am
is anyone in on the long at 13153 ?
81 pips down movements from 13226 to 131416. the high of the 30 min candle that ended the downmove was at 13151.
so long enetred at 13153, when high extreme breached. but it looks like this one will fail, as price continues to move down. only 10 pips away from reaching the 30 pips SL....
Pending set early at 1.31473. Should be triggered there if extreme bar dosen't get extended down further.
Did you include the spread for in the buy trade? If not it may trigger early, but that could be ok if you are after early triggering.
cheers scalpz
edit: fib extended so modified pending buystop order to 1.31436 after the 1200 gmt m30 candle closed.
Target 2 : Stoploss in the green
- #233
- Apr 23, 2012 7:40am Apr 23, 2012 7:40am
- | Joined Jun 2010 | Status: The Villain | 2,565 Posts
I have only counted from high of start of this week, not the Friday night high.
Pending set early at 1.31473. Should be triggered there if extreme bar dosen't get extended down further.
Did you include the spread for in the buy trade? If not it may trigger early, but that could be ok if you are after early triggering.
cheers scalpz
edit: fib extended so modified pending buystop order to 1.31436 after the 1200 gmt m30 candle closed.
well, this system is not bothered about counting 81 pips from the beginning of a new day. remember, its just 81 pips move regardless of how many days it takes.
anyway, got stopped out at - 30 pips. so, since inception iam down by - 20 pips in about 3 weeks. aint too good.
- #234
- Apr 23, 2012 7:44am Apr 23, 2012 7:44am
- | Joined Jun 2010 | Status: The Villain | 2,565 Posts
I have only counted from high of start of this week, not the Friday night high.
Pending set early at 1.31473. Should be triggered there if extreme bar dosen't get extended down further.
Did you include the spread for in the buy trade? If not it may trigger early, but that could be ok if you are after early triggering.
cheers scalpz
edit: fib extended so modified pending buystop order to 1.31436 after the 1200 gmt m30 candle closed.
price has moved well below the low of your m30 extreme bar. so according to the rules the trade should be cancelled.
- #236
- Edited 4:41pm Apr 23, 2012 4:18pm | Edited 4:41pm
price has moved well below the low of your m30 extreme bar. so according to the rules the trade should be cancelled.
Thats only my 2nd SL, but as you point out, they are way bigger than the TPs.
My 2 charts attached.
Cant see any way that I could have taken the "nice hindsight" trade, using the rules.
Notice the stall at the 38.2 on the way back up.
Managed to sort out an H4 chart. My MF toy doesn't work so good on the H4. Cant just drag the fib to the right place. Have to edit the properties\parameters.
cheers scalpz
Target 2 : Stoploss in the green
- #238
- Edited Apr 26, 2012 4:43am Apr 25, 2012 5:19pm | Edited Apr 26, 2012 4:43am
24-25Apr. (E) to (F) fib.
Was a bit late loading in my pending sellstop, but would have been the same result if I had put it under the same (F) bar earlier. Would have just swung into a little profit then bigger DD first.
Adding an alarm for when fib set up on chart with range <81 then goes >81.
cheers scalpz
Was a bit late loading in my pending sellstop, but would have been the same result if I had put it under the same (F) bar earlier. Would have just swung into a little profit then bigger DD first.
Adding an alarm for when fib set up on chart with range <81 then goes >81.
cheers scalpz
Target 2 : Stoploss in the green
- #239
- Edited 6:06am Apr 26, 2012 5:22am | Edited 6:06am
25 - 26 Apr.
Another +10 TP, (G) to (H) fib.
Once again, wasnt too sure.
This time it was on using the 1800gmt bar (G) as it was formed by the news spikes.
Still the extreme bar (H) kept on extending and eventually the 1500gmt bar to (H) bar was 81.4pips, while the (G) to (H) was 89.3pips. Same setup on the (H) extreme bar for both lines.
Once the (H) bar and the following formed, price action was looking real good for the TP.
This 1 would have been good for a 15> TP, but all in hindsight.
cheers scalpz
edit: Add the H4 chart. Trade is behind the last big red.
This may be the start of a reasonable down trend, like a week down? Will see.
Another +10 TP, (G) to (H) fib.
Once again, wasnt too sure.
This time it was on using the 1800gmt bar (G) as it was formed by the news spikes.
Still the extreme bar (H) kept on extending and eventually the 1500gmt bar to (H) bar was 81.4pips, while the (G) to (H) was 89.3pips. Same setup on the (H) extreme bar for both lines.
Once the (H) bar and the following formed, price action was looking real good for the TP.
This 1 would have been good for a 15> TP, but all in hindsight.
cheers scalpz
edit: Add the H4 chart. Trade is behind the last big red.
This may be the start of a reasonable down trend, like a week down? Will see.
Target 2 : Stoploss in the green
- #240
- Apr 26, 2012 11:39am Apr 26, 2012 11:39am
25 - 26 Apr.
Another +10 TP, (G) to (H) fib.
Once again, wasnt too sure.
This time it was on using the 1800gmt bar (G) as it was formed by the news spikes.
Still the extreme bar (H) kept on extending and eventually the 1500gmt bar to (H) bar was 81.4pips, while the (G) to (H) was 89.3pips. Same setup on the (H) extreme bar for both lines.
Once the (H) bar and the following formed, price action was looking real good for the TP.
This 1 would have been good for a 15> TP, but all in hindsight.
cheers scalpz
edit: Add the H4 chart....