Fibo Fan Wonderful Winning System | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Fibo Fan cross line 35 replies

Fibo Fibo Fibo 14 replies

fibo alert indicator - get alerts on fibo levels 4 replies

Change a losing system into a Winning system 68 replies

How do differentiate between Fibo and Fibo TimeZones? 4 replies

Attachments: Fibo Fan Wonderful Winning System
Exit Attachments

Fibo Fan Wonderful Winning System

  • #1
  • First Post: Sep 28, 2012 6:23am Sep 28, 2012 6:23am
Dear Guyes
I would like to introduce for you all a new method to profit from fibonacci fan with some minor midifications in its settingd. I will describe how to enter trades and where to get profits. A moment to prepare the charts then the description will come...
  • #2
  • Sep 28, 2012 6:37am Sep 28, 2012 6:37am
setting will be:
1- draw fibo fan from the mt4 between any 2 swings (high to low or vice versa)
2- delte all numbers from input data of the fibo fan and only keep in the input data two numbers (0.5 and 0.75)
3- draw vertical line at the swing (low or high)
4- draw horizontal lines at intersections of 0.5 & 0.75 lines with that vertical line
5- enter at first one (0.5 line) and take profit at the second line (0.75 line)
6- stop loss is at the swing (low or high)
Keep it simple and trade safely & profitably with this my own method I trade a while and got more than 95 % winnings.
Try it and i need somebody to make an expert advisor for it (if possible).
Thanks for your contributions and discussions to elabot=rate more trading expamles from your platfors (if possible) and I will be very thankfull for that.
Ceo & happy pips ...
Next I will put some picture as examples ...

http://www.facebook.com/smart.trader.94
  • #3
  • Sep 28, 2012 6:40am Sep 28, 2012 6:40am
Here is an expmle of winning trade I made ...
Attached Image (click to enlarge)
Click to Enlarge Name: 6.gif Size: 29 KB
  • #4
  • Sep 28, 2012 6:42am Sep 28, 2012 6:42am
Some pending orders waiting execution to win....
see them all ...
hope you all will contribute and share more ideas
Please follow me on my fb page:

http://www.facebook.com/smart.trader.94
Attached Image (click to enlarge)
Click to Enlarge Name: 4.gif Size: 24 KB
  • #5
  • Sep 28, 2012 6:45am Sep 28, 2012 6:45am
More trades on their wins ...
see them all and wait ur discussions ...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 5.gif Size: 24 KB
Click to Enlarge Name: 3.gif Size: 22 KB
Click to Enlarge Name: 2.gif Size: 18 KB
Click to Enlarge Name: 1.gif Size: 20 KB
  • #6
  • Sep 28, 2012 12:06pm Sep 28, 2012 12:06pm
See how I achieved 28 % in my account only today using this wondurful strategy !!!
Attached Image (click to enlarge)
Click to Enlarge Name: 99.png Size: 53 KB
  • #7
  • Sep 28, 2012 12:22pm Sep 28, 2012 12:22pm
Quoting naser_mohamm
setting will be:
1- draw fibo fan from the mt4 between any 2 swings (high to low or vice versa)
2- delte all numbers from input data of the fibo fan and only keep in the input data two numbers (0.5 and 0.75)
3- draw vertical line at the swing (low or high)
4- draw horizontal lines at intersections of 0.5 & 0.75 lines with that vertical line
5- enter at first one (0.5 line) and take profit at the second line (0.75 line)
6- stop loss is at the swing (low or high)
Keep it simple and trade safely & profitably with this my own method I trade a while...
could you explain significance of fib .5 .75?
and obvious question.What makes you decide long or short how that relates to fib.
Also want to add high leverage is dangerous 11pips you made 213 ?so 50pip loss would be a 1k.
Granted its up to a trader using whatever leverage one is comfortable...
What is your idea of recent High Low
Demo account or real?
In trading, you have to be defensive and aggressive at the same time
  • #8
  • Sep 28, 2012 12:52pm Sep 28, 2012 12:52pm
This looks really interesting. I am a great Fibo fan (no pun intended) have used fibo for years, so this is of interest to me. I am going to spend a few hours testing on the charts then I will have some questions.
Cut your Losers short and let your Winners run.
  • #9
  • Sep 28, 2012 12:55pm Sep 28, 2012 12:55pm
Hi naser_mohamm,

your todays results are nice, but you strategy is basicaly saying that if price breaks 50% retracement, it will go to 75%. So TP/SL ratio 1:2 ...
In volatile market you will make money.. but i'm not sure about the long term.
  • #10
  • Sep 28, 2012 1:00pm Sep 28, 2012 1:00pm
yes, it looks like you had a good day, congrats on that.

But how long have you been testing this and what are your long-term stats? (besides the 95% win rate you mentioned). I threw up a couple fans on an august EU H1 chart and both trades showed losses at a R:R of 2:1...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aug-H1-1st.gif Size: 26 KB
Click to Enlarge Name: aug-H1-2nd.gif Size: 21 KB
It's a buy the dip scheme, ya feel me?
  • #11
  • Sep 28, 2012 1:24pm Sep 28, 2012 1:24pm
Quoting Davit
could you explain significance of fib .5 .75?
and obvious question.What makes you decide long or short how that relates to fib.
Also want to add high leverage is dangerous 11pips you made 213 ?so 50pip loss would be a 1k.
Granted its up to a trader using whatever leverage one is comfortable...
What is your idea of recent High Low
Demo account or real?
Really I dismiss fibonacci numbers here and creplaced them with Gann favourable numbers (2/4 % 3/4) but using the fan tool found in MT4 platform. These 2 numbers I found them interesting in entering and exiting trades because they fall between full range (4/4) and starting of the range (0/4). That was by notice from mine only, Sir. For the R/R , I suppose from my experiance that there is NO more than 1/2 R/R in Forex market, so you must invest (Riskily) in any trade . Who says that forex can give you (simply) 100/1 R/R or at leat 1/1 R/r is non-sense. Obviously saying you must risk some of your money in order to get wins.
Regrading high & low, I prefer to open 1H chart and look on last day H & L and apply the fan on it.
  • #12
  • Sep 28, 2012 1:25pm Sep 28, 2012 1:25pm
Quoting dee50
This looks really interesting. I am a great Fibo fan (no pun intended) have used fibo for years, so this is of interest to me. I am going to spend a few hours testing on the charts then I will have some questions.
Have lucky trades and welcome
  • #13
  • Sep 28, 2012 1:27pm Sep 28, 2012 1:27pm
Quoting nightstocher
yes, it looks like you had a good day, congrats on that.

But how long have you been testing this and what are your long-term stats? (besides the 95% win rate you mentioned). I threw up a couple fans on an august EU H1 chart and both trades showed losses at a R:R of 2:1...
Simply seek for trades with the best R/R ratio and you will win finally.
Dont select losing trades from the beginning.
I hope you understood what I meen.
Have luck and sheers...
  • #14
  • Sep 28, 2012 2:02pm Sep 28, 2012 2:02pm
no, i don't actually understand what you mean. those two trades were the first ones i picked...just two random swings and they were both losers. after reading, however, that you tend to pick the previous day's high and low, it became evident that what you're really doing is saying that if price retraces to 50% of the previous day (or any swing) it's likely to go to 75% and if you follow those rules your risk:reward is always going to be 2:1 since your sl is half of the prev daily range and your tp is a quarter. that happened today, it may happen enough to provide an edge, but that's not going to happen 95% of the time. see how everything lines up on the chart...
Attached Image (click to enlarge)
Click to Enlarge Name: wonderful daily retracement.gif Size: 22 KB
It's a buy the dip scheme, ya feel me?
  • #15
  • Sep 28, 2012 2:25pm Sep 28, 2012 2:25pm
Hi,

interesting, but you can use regular fibo for this, with 50 line for entry, 75 line for take profit and zero line for stop loss.
Can you tell if you trade in the trend direction or not ?

thanks
Attached Image (click to enlarge)
Click to Enlarge Name: eufib.gif Size: 40 KB
  • #16
  • Sep 28, 2012 2:55pm Sep 28, 2012 2:55pm
Quoting Xarius
Hi,

interesting, but you can use regular fibo for this, with 50 line for entry, 75 line for take profit and zero line for stop loss.
Can you tell if you trade in the trend direction or not ?

thanks
Yes Xarius but the important thing is to put the vertical line at the end of the swing, then the intersection of this line with 50 % & 75 % is the lesson.
Feel free to ask more and e are listining

Cheers
  • #17
  • Sep 28, 2012 2:58pm Sep 28, 2012 2:58pm
Quoting nightstocher
no, i don't actually understand what you mean. those two trades were the first ones i picked...just two random swings and they were both losers. after reading, however, that you tend to pick the previous day's high and low, it became evident that what you're really doing is saying that if price retraces to 50% of the previous day (or any swing) it's likely to go to 75% and if you follow those rules your risk:reward is always going to be 2:1 since your sl is half of the prev daily range and your tp is a quarter. that happened today, it may happen...
Nightstocher
Your contributions are highly welcome and I need to mandate any more strictly rules for this method. Any comments from your side and the others here I respict and over my head. Thank you for your elaborations and please give us more examples on winning trades of today at least.
  • #18
  • Sep 28, 2012 3:45pm Sep 28, 2012 3:45pm
As a reply to nightstocher about some losing trades & to avoid any losses please follow the following rule which i will explain is as a good idea about avoiding losing trades by this mehtod. To avoid any losses focus your eyes on the price after hitting the 50 % line. If price (after hitting that line ) closed in the opposite direction then exit your trade immidiately. This is a sign of opposite direction than it shoud go and losses will be minimum.
Hope I clarified why and how i coud achieve that high winng trades.
  • #19
  • Sep 28, 2012 4:35pm Sep 28, 2012 4:35pm
Hi Brother
sorry for my bad english..
I also use FiboFan for angle projection with .125 incremental..
keep up the good work.. u will found 'the secret'
Insha Allah
Attached Image (click to enlarge)
Click to Enlarge Name: capture-20120929-042426 EU M15 FiboFan.jpg Size: 135 KB
  • #20
  • Sep 29, 2012 3:29am Sep 29, 2012 3:29am
Quoting naser_mohamm
Yes Xarius but the important thing is to put the vertical line at the end of the swing, then the intersection of this line with 50 % & 75 % is the lesson.
Feel free to ask more and e are listining

Cheers
Hi, thanks for the answer,
How do you determine in wich side you will draw the fibo, up side or down side for an buy or for an sell ?

Xarius
0 traders viewing now