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Simple Fibonacci Trading

  • #921
  • Jun 23, 2012 8:35pm Jun 23, 2012 8:35pm
I always put fib level in my char but only use it as some potential level to watch. Recently out of curiosity I found if you draw fib level when price is in a range and break, most of the time price will goes to 261% lv or 423%. This spark my interest, as I am not too familiar with fib other than S&R level I will try to look what all of you do with fib here. Maybe I'll ask some question, some might be off topic but still related to fib level. Pleas bear with me, I'll be in your care.
  • #922
  • Aug 20, 2012 11:31pm Aug 20, 2012 11:31pm
There are times like these, where you can't do anything but watch. . why? well, maybe Arnold Rothstein can explain better. .
Inserted Video
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  • #923
  • Sep 3, 2012 4:42pm Sep 3, 2012 4:42pm
Monitoring the 2690 level, it is the 180 extension of the most recent 120pip swing.
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  • #924
  • Oct 6, 2012 1:33pm Oct 6, 2012 1:33pm
for ferruFx, can you help me ??
the EA is quite good...
but, everyday, i make a fibo in daily, and place 3-4 stops early in the day...
-if price touch 50% place stop at 38, SL at 50 and TP 0, risk 0.5%
-if price touch 61.8% place stop at 50, SL at 61.8 and TP 0, risk 1%
-if price touch 76.4% place stop at 61.8, SL at 76.4 and TP 0, risk 1.5%
-if price touch 100% place stop at 76.4, SL at 100 and TP 0, risk 2%
cancel if price touch 123.6

with your EA, i have to set all stop in 3-4 charts... because in 1 chart, it can only handle 1 stop order.... can you give additional stop order with SL and TP maybe TP 1 and 2 for every stop order ? so that i only need to make it in 1 chart ??

thx for your help
  • #925
  • Oct 6, 2012 9:05pm Oct 6, 2012 9:05pm
Quoting fathonezic
for ferruFx, can you help me ??
the EA is quite good...
but, everyday, i make a fibo in daily, and place 3-4 stops early in the day...
-if price touch 50% place stop at 38, SL at 50 and TP 0, risk 0.5%
-if price touch 61.8% place stop at 50, SL at 61.8 and TP 0, risk 1%
-if price touch 76.4% place stop at 61.8, SL at 76.4 and TP 0, risk 1.5%
-if price touch 100% place stop at 76.4, SL at 100 and TP 0, risk 2%
cancel if price touch 123.6

with your EA, i have to set all stop in 3-4 charts... because in 1 chart, it can only handle 1 stop order.......
The only way to have different setups is to set different charts.
MT4/MT5 EAs/Indicators/Alerts coder
  • #926
  • Oct 26, 2012 8:37am Oct 26, 2012 8:37am
Thanks Hugh for this contribute.
I just got one for the first use.
is this a correct trade to use your system?
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Click to Enlarge Name: fibo audusd.jpg Size: 168 KB
  • #927
  • Jan 1, 2013 6:22am Jan 1, 2013 6:22am
Hi dear ihDT,, many thanks for your usefull subjects,, i need above indicator ( LHDT_Fibo.ex4 ) source ( mq4 ) since i like to change blue colour of it to lime,, the reason is i can not see blue color,, other suggestion is if possible for you,, please change blue to lime,, i'll appreciate much

regards
  • #928
  • Feb 17, 2013 8:27am Feb 17, 2013 8:27am
hi hugh,
i just saw this page im new here, could you please tell me how could i get this EA ? is it still working fine ?
please do me reply ASAP
cheers ....
Quoting Hugh Briss
***** Latest update here: http://www.forexfactory.com/showthre...88#post5596788 *****

I only started this thread a few weeks ago but already it has evolved into something better. The basic idea is the same, we're going to use fibonacci retracements to enable us to buy/sell into the trend when the momentum is moving back in the direction of the trend. We're also going to use the 38.2% fibonacci extension as a profit target.

When I started the thread I had the idea of using a 100 sma to define the trend and then only...
  • #929
  • Feb 17, 2013 9:28am Feb 17, 2013 9:28am
Quoting shaan295
hi hugh,
i just saw this page im new here, could you please tell me how could i get this EA ? is it still working fine ?
please do me reply ASAP
cheers ....

here you go!

thx to ferrufx!
Attached File(s)
File Type: ex4 FibonacciTradeManager_v3.ex4   15 KB | 595 downloads
File Type: ex4 FibonacciTradeManager_v4.ex4   16 KB | 591 downloads
File Type: ex4 FibonacciTradeManager_v4 (1).ex4   16 KB | 624 downloads
Iam just A pips on the rode :nerd:
  • #930
  • Feb 17, 2013 9:33am Feb 17, 2013 9:33am
thise is the last ver.
Attached File(s)
File Type: ex4 FibonacciTradeManager_v6.ex4   19 KB | 1,585 downloads
Iam just A pips on the rode :nerd:
  • #931
  • Feb 17, 2013 9:43am Feb 17, 2013 9:43am
thanks for your replying ,
but i dont know what's wrong , this file is not working with my chart , when i try to drag on my chart i did'nt get any reponse , could you please help me out, or may be its staurday and market is closed thats why it didn't attach with chart .
help me please .
thank
Quoting -er-
thise is the last ver.
  • #932
  • Feb 17, 2013 10:00am Feb 17, 2013 10:00am
Quoting shaan295
thanks for your replying ,
but i dont know what's wrong , this file is not working with my chart , when i try to drag on my chart i did'nt get any reponse , could you please help me out, or may be its staurday and market is closed thats why it didn't attach with chart .
help me please .
thank
i dont remamber how to operate it you ll have to ask same one that does or to make a search here on the thread, ( i did ask about it here at the thread but i dont use it anymore so its flip out off my mind ,sory)
Iam just A pips on the rode :nerd:
  • #933
  • Feb 17, 2013 10:06am Feb 17, 2013 10:06am
Quoting shaan295
thanks for your replying ,
but i dont know what's wrong , this file is not working with my chart , when i try to drag on my chart i did'nt get any reponse , could you please help me out, or may be its staurday and market is closed thats why it didn't attach with chart .
help me please .
thank
hello Er I am Unable to attach your fib mgmt V6 on my chart!!hr4
  • #934
  • Feb 17, 2013 10:15am Feb 17, 2013 10:15am
Quoting behman8850
hello Er I am Unable to attach your fib mgmt V6 on my chart!!hr4
hi

its not my ea its ferrufx ea and i do not remaber how to operate it .

sorry
Iam just A pips on the rode :nerd:
  • #935
  • Feb 17, 2013 10:27am Feb 17, 2013 10:27am
hahaha
im facing same prob ... :/
Quoting -er-
hi

its not my ea its ferrufx ea and i do not remaber how to operate it .

sorry
  • #936
  • Feb 17, 2013 6:42pm Feb 17, 2013 6:42pm
Quoting -er-
i dont remamber how to operate it
http://www.forexfactory.com/showthre...84#post5498784
MT4/MT5 EAs/Indicators/Alerts coder
  • #937
  • Jul 17, 2013 11:49pm Jul 17, 2013 11:49pm
hi guyz ...
is there someone who is still using this strategy ?
  • #938
  • Jan 9, 2014 10:10am Jan 9, 2014 10:10am
Quoting lhDT
Hi Guys, I coded an indicator for that method. Everything is in. Sell/Buy lines, 50% treshold level & TP levels. That indicator, based on ZigZag, will plot fib lines on the chart based on the last swing. Sometimes it happens that current (uncomplete) swing have a higher range than the previous one so this indicator will handle this and automatically draw a new fib based on the current/previous swing with the highest range (you follow me ?) Enjoy ! LhDT. PS : As nothing is perfect, if you see some stuff to tune, feel free to yell at me ! {image}...
Lio,
I really like your autofib indi that is based on zigzag. Is there any way you may be able to program the option for us to be able to move the label to the right of the last candle? I would like to use this indi but right now the chart just looks so busy with the labels on top of PA. Would like to use this indi in another form. I would greatly appreciate your time. Thank you.

Cheers
  • #939
  • Jan 17, 2014 5:07am Jan 17, 2014 5:07am
hello, I woulde like to know if it is posible to have this EA doing the following:

Put 2 pending orders once the 50 is reached and buy if the 0,618 (plus some pips) is touch or sell if the 0,382 is touch. of course if one pending order executed the other one is closed, thanks!

pd: nice EA i´m trying to have some executed orders, I have fibos everywhere!
  • #940
  • Jan 17, 2014 6:22am Jan 17, 2014 6:22am
Quoting BardoFX
hello, I woulde like to know if it is posible to have this EA doing the following: Put 2 pending orders once the 50 is reached and buy if the 0,618 (plus some pips) is touch or sell if the 0,382 is touch. of course if one pending order executed the other one is closed, thanks! pd: nice EA i´m trying to have some executed orders, I have fibos everywhere!
Yes, it is possible to have such an EA. Although what you have described is not enough for the EA, these are just basic rules.
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