BMI - MacD Magic Monster

Last Swing of GBPJPY with FACT 50% Channel Variation.
The 'Builder' Starting Price : 139.00 Brick size :6.25 Point.. Fib Arch Scale : 6.25 x 2 x 1.125 = 14.06



Happy Exploring..
Best Regards
T. Kiads

Not to be one to complain too much, but with each new 'upgrade' to Mt4, instead of fixing the fundamental faults in the infrastructure, they polish the 'bling' instead.

We do however have Metaquotes to thank for opening trading (forex and others) to the general public. Before them, it was an Institution and Elite only situation.

The management of Metaquotes should however focus on the fact that if you do a Google search for Mt5 brokers, more than 40 are listed (mostly that list was made in 2010 when the 'awaited release of Mt5 was anticipated), yet if you go to those same brokers that 'offer' Mt5, you find nowhere to download Mt5. You do find Mt4 though.

Not only that, many brokers are now focusing their attention on building in house trading platforms. Some are Java based, others are desktop. The point being that the general 'trend' is moving away from Metaquotes. While they still hold the majority, the 'wicks' are showing retracements and soon reversal is imminent. If they (Metaquotes management) were to try to realise that traders needs and wants are what a trading platform should be based on, rather than adding more 'features' without repairing the foundation, then the house built on sand will collapse.

If you have happy traders using your platform, you control the market. If you have unhappy traders, you have many competitors gaining strength while you struggle in the quicksand.

The only realy stable data I have found is data direct from tickfeed. In other words, as long as I stay online, my data is strong. If I download it in any form from any source, the 'metaquotes bugs' creep into the woodwork one way or another.

Build 455.... You would think after 455 rebuilds, that things should be improving.

If I have a knife stuck in my leg, and I go to the doctor. He doesn't remove the knife. He gives me pain killers instead. If he were to remove the knife, he loses a recurring customer (or so he thinks).
I read somewhere on the web that in Thailand, you pay your doctor a monthly fee as long as you are healthy and well, When you get ill or unwell, you stop paying as he is no longer doing a competent job. I do not know if this is true, but it seems to me to be the right perspective.

Many software Institutions no longer sell their product, they rent the use of it on a yearly basis, while using the 'buyers' infrastructure and resources to 'upgrade' the software that is so weak it permanently needs upgrading. Knife in leg. Metric Mindset. Backwards.

It is only a matter of time before Linux GNU based becomes the majority OS. Who needs 'glass Caption headers' when there are now so many 'features' running in the background that Windows has become a pinprick to look through? XP had it's problems, but it was stable. Since 'upgrading' to Windows7, I have more hassles and system hanging than I ever had with the 'Old/Slow XP'

The same is true with Mt5. You do not need to be a rocket scientist to see that an Mt4 (mq4) indicator that is 28 KB's and does the same job as an Mt5 (mq5) indicator that is 450 KB and wonder why Mt5 is sluggish.

Thanks Kiads, I will look deeper. (I am currently looking at so many things at the same time my eyes are exploding LOL. But they are used to it.... Same as it ever was.

Just by the way, I didn't give a public recap of my 'blunder' buy on GbpJpy. It dropped down to -208 pips, and getting in only 1 18 pip buy scalp, I ended on Friday at a loss of 4.8% to my account. The trade is still active and I expect to hit green in the coming week.

Needless to say, I would (of course) have been far more happy if I caught the 200 pips going short and again up going long....

Can't win them all I guess.

One cool thing about Mt4 is the ability to 'transfer' history data via CSV. If I cut and paste the FXCM GBPJPYM1.hst to the MBT history folder, the Platform hangs. So the easy way to do it is to open up the FXCM Platform, 'export' the M1 data as CSV, then Open Up the MBT Platform and import it as same CSV.

It updates immediately.

http://img401.imageshack.us/img401/6...jpyrenko12.png

http://img26.imageshack.us/img26/196...renko12002.png

My Friend, please Re-Check again your 'center of Fib Arch... , In my first example about FACT this is Low Fib Arch not High Fib Arch.. the center position of Fib Arch should be at low point l( I mark it with yellow circle and also yellow triangle at your pict).




compared with my first example from post..263




Hope it help...
T. Kiads..

Hi Kiads,

Ok, I am going through it again completely from the start. I missed the post of yours written earlier about the starting price maybe part of the difference. I rebuilt a new Renko chart on M4 (The one used so far is still stored on M2) and by checking the Lowest Low and Bar Count on the Onnline M1 chart, I used the exact LL and 20 or so bars before it as MaxBar Count.

The two charts are identical.

I am now going to go redo the geometry (slowly and methodically) in case I made a mistake earlier. I will post as I continue.

LOL, You have a nice way of showing an idiot he is an idiot without stating it directly....

The centre of the FibArc is in the wrong place!

I put it on the top of the triangle instead of bottom (LL of retrace)

It all works now. The 'pointer' To Low misses by a fair x-axis distance but is not far out on the Price. It is not far off enough to cause concern. The High pointer is spot on. So too are the two pointers that show exit of 200% arc. The Probable Channel is also spot on.

http://img841.imageshack.us/img841/1...25blszgbpj.png


http://img26.imageshack.us/img26/120...25blszgbpj.png

I found that if I placed the secondary (pointer part) of the Low Pointer EC (Yellow) tangent(touching) to the 200% of the Red FibArc that it points to the Low spot. I think that due to the data differences, that in a trade before the Low was actually touched, one might use the 'range' from 2 Arc crosspoint to 200% of red (Highest point). If the price does not touch by that time, then it would be safer to say 'I no longer expect it to touch' and close/open accordingly.

Something else that I just thought of regarding the FibArc Scale.

We are working on offline charts in which the Renko is stored. The 'Timeframe' of each Chart is defined by whatever I use in the Builder Indicator. So if I have Block Height as 12.5 'stored' in GbpJpy2.hst and I have 12.5 Block Height 'stored' in GbpJpy1441.hst It should make a huge difference in my scale settings.

Since Mt4 'translates' scale onto chart related to minutes per bar. So the Holding vessel (The M2 or M1441 Offline Chart) needs to be calculated backwards to accommodate.


As you know, while we can build a file called GNPJPY_Renko1.hst, but the 'filters' in the "Open Offline Chart" do not allow us to open a file of that name. Perhaps using a 6 digit fake 'pair' might do it. I will check.

Strange. I rested my ideas about the scale differing as mentioned above. This is not true. I built a GBPJPY2.hst with 12.5 Blocks from an M1 chart, I built a GBPJPY1441.hst with 12.5 Blocks from a M1 chart, I built a GBPJPY2.hst from a M5 chart and finally I built a GBPJPY241.hst with 50.0 Block Height from a M1 chart. The scale of 33 is the same in all except for the final chart.

In other words the scale differs in relation only to Block Height, not the Offline charts 'Timeframe'

So your calculations as described are not affected because they use the block height as well.
Nice to know.

Hi My Friend BlueMental,
'Slightly' different just 2 or 3 points of 'where we placing the point' in A to B line will become big different in result at far distance especially if the distance between A to B is 'short'.
Could you re-check again the 'tip' of your both Contrarian Triangles of Low Fib Arch and High Fib Arch. This is important because it will determine ''where the center' of both triangles and of course will give you different 'result' in EC direction in the next step..



The most 'exact' way to make sure that 'the point is there' is by edit the parameter of the object tools ( Time Line and the Price Value)....

Hope it help
Keep exploring my friend...
T. Kiads

Yes My Friend, the 'naming' of offline chart doesn't related with 'time frame' as we know for standard 'online' version of chart.
its only 'a name' ( I do explaining this before maybe in my e-mail).. so M2 offline chart with M1442 offline chart will be exactly same in 'time point of view'...

So I use (on an uptrend) the Low of the first block that touches the FibArc Line.

I did, before posting it, in my last picture try moving the point to the block before and tried low and exact point of touch (which varies sometimes with the Mt4 'scale wobble' but the Low Pointer EC moved only a tiny bit in this case.

Still, if I had used the FACT geometry for entering trade in this situation, I would be very pleased with results even if I got some parts of the geometry wrong.

I also found that the centre of the Triangle was on a 'half a bar'. In other words I could place my EC start behind or in front of it. What I did to solve this problem was place it as close as possible at first, then afterwards pulled it 'longer' and made sure it passed through the centre point but only on the EC's that would be made more accurate that way.

How do you know which swing low and high to set the centre of the fib arc to? Or does it matter?

If you go back to the first post Kiads wrote, you will find that he mentions that we use the FACT Geometry on the first retrace on the uptrend. The triangle and EC's etc get placed accordingly. Don't stress to much if you mess it up. I have done it at least 15 times from scratch and I am still making a mistake or two.

Redoing it is good. It gets it to sink in to the brain. Saying "This is too complicated", or "It didn't work" and forgetting it is what most people do. Those that push on and put a bit of sweat into it get something of value.

Asking is the first step.
Doing is its partner.

Hi My Friend,

This picture could tell you a lot... and answering what you are searching for..
This is Fundamental thinking of FACT base from old knowledge from Sailors in the past... lol...
Don't you familiar with that Square at the above right ?

Kiads.

As you can see, I placed the positions in different placements. The reason for the different bar starts is because on full zoom in, the FibArc touches the bar before, but one zoom out click and further, it touches one later.

I found that for the Probability EC, that the best was the 'middle of the bar' placement in the Non full zoom (later bar), while the 'exiting 200 circle' was best with non full zoom at low of touching bar.

The way I look at it though, is that, since we know there are variations in price, mt4 scale wobble and human interpretation, that as long as I treat the geometry as a guideline, not a "The price will reach 141.31541" type of mindset. In truth, if instead of making 300 pips on a trade, one makes 250 and stays within 'safer grounds', I prefer the 250.

It looks like a physical representation of The Vedic Square or The Starr Tetrahedron. The lines appear to represent joining lines of a 3d Pyramid Structure (Cube of 9?) on a 2d sketch.

I am not familiar with it, but I would like to be. <GRIN>

The 'Sailors Picture' and my 'Exploring Renko' Picture are similar. They use the Arcs Formed by the Price Variations to determine placements.
What I am searching for is a geometric method of finding Reversal Points, and Price 'destinations. The Renko style of chart fits well with this because time is not in the chart. The price is the 'time'. Universe has no watch, but is never late. The cycles complete themselves and other cycles spin off from that.

<edit> I forgot to mention, I used 12.5 as FibArc Scale in that exploration. In other words the same scale as the Box height. Don't ask me how or why, but instinctively (I can feel it in my bones) I feel this is of key importance. </edit>

In my country, the 'Native African' cultures have what they call 'Amadhlosi' or in translation, 'The Ancestors'. They have a full and clear understanding that all and everything has an ancestor. Nothing is 'new', it is all formed by it's 'father'. We are 'spin offs' from our ancestors and while our children are similar to us, they are not the same pattern we are, but they are formed from our pattern.

The word 'Shaman' here in South Africa is 'Sangoma', They are part of the 'spirit' field, and though they are most well known, there are many other variations involved. For example, a Sanusi is a 'seer' or prophet, that by communicating with the Amadhlosi, can see what is to come. The Sangomas are more Herbal and Spiritual Healers. Most of what they do is herbal with use/communication with the Amadhlosi. You also get what is called 'Tagathi' which are more Amadhlosi based. They use the connection with the Amadhlosi for personal gain.

In the western world, they would (in the past) be burned at the stake as witches. Sometimes, when a Tagathi does too much 'bad stuff', the Locals do a form of 'Tribal Justice' and burn him in what is locally known as 'The Necklace'. They put a car tire around his neck, throw petrol (gasoline) on him and light it. Their variation of burning at the stake.

There is a lot more in the world than most ever dream of.

yes my friend, 22.5 , 45.0, 67.5 of Cube of 9 that actually also angle of every corner of both contrarian triangles to their center... at FACT we called it 'Arm'.

and 'show you' any possible directions.. from any point you place it..




I hope you notice that same color 'meaning' same direction..