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Pure & simple Abonacci system

  • #101
  • Mar 22, 2014 1:56pm Mar 22, 2014 1:56pm
Quoting brandy711
{quote} Hi friend,listen,,I did try your tpl,but did not work,I had this problem b4,so my mt4 is 604,new version,do you have another version? b4 any thing ,thank you
Hi - I have not heard of anyone else having problems with it - and I have it loaded on build 610. I notice you are having the same issues with alot of indicators and tempaltes from other threads as well, so perhaps the is a problem with your MT4 installation or how you are loading them - other than that I can't help I'm afraid.
  • #102
  • Mar 22, 2014 4:39pm Mar 22, 2014 4:39pm
Quoting hollowhead
{quote} Hi - I have not heard of anyone else having problems with it - and I have it loaded on build 610. I notice you are having the same issues with alot of indicators and tempaltes from other threads as well, so perhaps the is a problem with your MT4 installation or how you are loading them - other than that I can't help I'm afraid.
thank's for the response,i'll keep trying,untill ,it could figureout what is wrong, I notice that every time I change to new version it works.
anyway thank's
  • #103
  • Mar 22, 2014 4:42pm Mar 22, 2014 4:42pm
Quoting brandy711
{quote} thank's for the response,i'll keep trying,untill ,it could figureout what is wrong, I notice that every time I change to new version it works. anyway thank's
Any bory have any idea what Im doing wrong?,please,let me know.
  • #104
  • Mar 23, 2014 2:59am Mar 23, 2014 2:59am
One question:

I set the indicators for EURUSD H4. But my baseline is 1.26953 not the 1.3672?!
Is the BaseLine the blu line ( Major Support and Resintance) or somethig I missing?
I have same problem by GBPUSD H4 My Base Line isn't 1.66016. (red line)
  • #105
  • Mar 23, 2014 5:51am Mar 23, 2014 5:51am
hello every one please help me

i have one big problem with abbonaci system !
i wanna trade in 5 min so i use 39 pip on eur /jpy . its not matter what template length u use. price when break 23% we will wait for cross 50% and then after break 50% we will wait cross 76.4% but my problem is :
when price come from down to up and break 23% i will set stop lose on 0% ! 1. its big stop loss! 2. more than 60% of times price come and cross my stop loss !!! and 40% is success! . 3. some time price come and break 50% and cross 68% but before cross 76% price have been reverse !!!! and go back to 23% or 38% or 0% !!!! how can i make true trade with better success!???

i understand we can use this base line for gold : 6248
and we can change this length and use its for 6248 / 2 = 3124 and 3124 / 2 = 1563 and 781 and 391 ...
781 and 391 for 5 min!
well i have this question what we must do in trade!?? help me? when
6248 tell us on 30 min maybe price goes up or maybe price goes down
3124 tell us on 30 min price goes down
1563 tell use on 30 min price goes down but we will see price come up
781 tell use on 5 min price must goes down
391 tell use on 5 min price must go up!

so tell me which temp i must use for true trade in 5min? i need ur help for better deal and lower fail!

sorry for my bad english
  • #106
  • Mar 23, 2014 10:24am Mar 23, 2014 10:24am
Quoting bobha
Hollow, further to your post #52 if anyone is looking at the indices it is a matter of subtracting one MM level from the next and then multiplying by 100. And may I make a suggestion: if you change the MM figures in your template this would cut out one of the steps in the first post. Just makes it a bit easier for everyone. Cheers, Bob
I've finally got round to updating the template in the first post to have the MM Level settings as default. I've left the instructions as it doesn't hurt for people to know how to set up the indicators, but with the template they won't have to go through that step for every chart.

Steve
  • #107
  • Mar 23, 2014 11:39am Mar 23, 2014 11:39am
Quoting mahyark
hello every one please help me i have one big problem with abbonaci system ! i wanna trade in 5 min so i use 39 pip on eur /jpy . its not matter what template length u use. price when break 23% we will wait for cross 50% and then after break 50% we will wait cross 76.4% but my problem is : when price come from down to up and break 23% i will set stop lose on 0% ! 1. its big stop loss! 2. more than 60% of times price come and cross my stop loss !!! and 40% is success!
I don't get it! If you use 39 pips, the distance between 0/100 and 23.6 (or between 76.4 and 0/100) is only 9 pips! Do you really think that it is a "big stop loss"?

If you buy at 23.6 and set your stop loss at 76.4, it is approximately 18 pips and it is a good stop loss for M5.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #108
  • Mar 23, 2014 11:59am Mar 23, 2014 11:59am
Quoting mahyark
when price come from down to up and break 23% i will set stop lose on 0% !
Also please re-read the first post! Steve explained about stop losses in details:

Quoting hollowhead
Stop Loss I suggest either 10 pips below (longs) or above (shorts) the 100% level or close and reverse your position at the 76.4% level in the phase below (longs), 23.6% level (shorts).
Guys, pay attention to what the topic starter says, will you?
Gentlemen always play by the rules. If they can't, they change the rules.
  • #109
  • Mar 23, 2014 12:16pm Mar 23, 2014 12:16pm
Quoting Berci
One question: I set the indicators for EURUSD H4. But my baseline is 1.26953 not the 1.3672?! Is the BaseLine the blu line ( Major Support and Resintance) or somethig I missing? I have same problem by GBPUSD H4 My Base Line isn't 1.66016. (red line)
Hi Berci - it doesn't really matter which level you use as baseline as long as your Abonacci phases fit within the MM levels
  • #110
  • Mar 23, 2014 12:44pm Mar 23, 2014 12:44pm
Quoting mahyark
hello every one please help me i have one big problem with abbonaci system ! i wanna trade in 5 min so i use 39 pip on eur /jpy . its not matter what template length u use. price when break 23% we will wait for cross 50% and then after break 50% we will wait cross 76.4% but my problem is : when price come from down to up and break 23% i will set stop lose on 0% ! 1. its big stop loss! 2. more than 60% of times price come and cross my stop loss !!! and 40% is success! . 3. some time price come and break 50% and cross 68% but before cross 76% price...
As I said before - I don't usually scalp and haven't tested this on the 5m TF. But what I do know is you will have to be much quicker in cutting trades short. Scalping by nature requires a greater level of flexibility and responsiveness. Ranging and whipsawing can be worse on the smaller TFs - you need to be able to read and catch the momentum. Trade only in Franfurt, London, NY, etc

Favorite is right - if you look for a break of a 0%/100% level (trade a break that has momentum), enter at the 23.6%/76.4% (long/short), move to BE at the 50%, TP at the 76.4%/23.6%.

With scalping you want to stack as many odds in you favour. On the 5min I would make sure I am in line with the 1 and 4 hour trend.
  • #111
  • Mar 23, 2014 11:23pm Mar 23, 2014 11:23pm
Hollowhead

Two days ago I stumbled on this heavenly-trading system and I couldnt sleep for 26 hours reading/downloading and just plain starring at my OILUSD chart loaded with it and admiring the genius you guys have put together here. Surely anybody serious CAN NEVER FAIL using this. Therefore I say kudos to you Hollowhead( including Bob the originator of abonacci) for this thread. They always say there is no BEST/PERFECT trading method........I disagree......THIS IS IT!

Please do not stop this thread....I m IN.

There is one area thats bugging me...........THE START DATE of the Abonacci(annual)-------LENGTH setups per pair or whatever one trades in. Reading thru all relevant threads, there seem to be a mysterious formula but maybe that can be standardised. Otherwise evrything else is plain perfect. There is a lot we can share to enhance entry/exit methodology around this great system, and possibly create an EA. Please keep this thread going....something good will come out of it for sure.

I say thank you, Hollowhead
  • #112
  • Mar 24, 2014 11:55am Mar 24, 2014 11:55am
Quoting hollowhead
{quote} Hi Berci - it doesn't really matter which level you use as baseline as long as your Abonacci phases fit within the MM levels

Thanks.

"Copy one of the Murrey Math levels (preferably the Support/Resistance Pivot Point level (blue)) into the 'Baseline box'
Attached Image (click to enlarge)"

Now I understand. I read innattentive...sorry
  • #113
  • Mar 24, 2014 3:04pm Mar 24, 2014 3:04pm
Quoting breakthru56
Hollowhead Two days ago I stumbled on this heavenly-trading system and I couldnt sleep for 26 hours reading/downloading and just plain starring at my OILUSD chart loaded with it and admiring the genius you guys have put together here. Surely anybody serious CAN NEVER FAIL using this. Therefore I say kudos to you Hollowhead( including Bob the originator of abonacci) for this thread. They always say there is no BEST/PERFECT trading method........I disagree......THIS IS IT! Please do not stop this thread....I m IN. There is one area thats bugging me...........THE...
Hey breakthru - glad you pumped about the system. You are right there is a 'mysterious' formula that bobi uses (hence the baseline). He is convinced that support and resistance levels are set at the beginining of the year (hence the start date for the indicator). He has found that price moves in certain length phases (hence the template length) (he has found over 64 different length phases), and each phase has a specific price behaviour (hence the different) rules.

Bobi has been kind eneough to share some of what he has found - enough to be able to profit - but not quite enough to be able to flexible.

So the purpose of this thread is to use the same methodology and find price behaviour using abonaccit phases, within Murrey Math levels. Will we be as accurate as Bobi? Probably not, he has spent over 5 years perfecting this and he is not going to give away the golden goose. But, can we get close enough to give us a profitable edge? Absolutley.
  • #114
  • Mar 24, 2014 3:22pm Mar 24, 2014 3:22pm
Question guys - the abonacci indicator is simple yes? Take a price, specify a length and then create 0-100% fib levels up and down from that baseline.

Can anyone recreate it with source code, so that I can get an EA made for it?
  • #115
  • Edited 6:09pm Mar 24, 2014 5:44pm | Edited 6:09pm
Quoting hollowhead
Question guys - the abonacci indicator is simple yes? Take a price, specify a length and then create 0-100% fib levels up and down from that baseline. Can anyone recreate it with source code, so that I can get an EA made for it?

Hollowhead

YES......IT IS VERY SIMPLE. Sir. I really wish I could code.

Cheers for replying. The idea of an EA is the only way foward, now that we have found this TREASURE. .........but here is another thought I have been chasing the whole day today.......since this engine is turbo-driven by annual price movements-pre-set parameters...and assuming ALL SETUPS are done accurately(abonacci+mml chart setups) ......Suppose we BREAK the 12 months into monthly price activities..........????. I have a very small powerful method but I am not sure whether you will like it.......so I m not going to devuldge it here till I get your approval.

............But I have this........

Ok(with all due respect for all the effort you have put into this).... please allow me to present a litle thought thats been buzzing in my head ever since I downloaded this treasure.

Say we do the normal setups (as you prescribed)...... Then we install 'something' to show us MONTHLY OPEN LINES + WEEKLY OPEN LINES + DAILY OPEN LINES(within the abonacci setups)....... all leading to the closing figure for that month.......hence an Opening price for the following month and every month till the cycle starts the following year.

Hollowhead, here is my point...... these OPEN LINES(prices) can be used as bases for an EA. At the background.. with our abonacci system remaining as some kind of REMOTE CONTROLLER OR SAT NAV so to say.

To be frank, I fully believe in this system and I think its a blessing for us to be in possesion of it. Bobi could be our Einstein.....you never know......some people get ideas dowloaded to them from heaven. Trust me... this is true. So I fully trust and believe in Bobi 's ideas.

Someday...... somebody with coding skills will appear on this thread and basket all our ideas together into a proper EA code. Then... we all cross the Red sea into Canaan.

What do you think, Hollowhead about 'opening prices' for the EA project? More ideas will keep flowing as long as we keep this dialogue fluid.

I still salute your efforts, Hollowhead.
  • #116
  • Mar 25, 2014 1:56am Mar 25, 2014 1:56am
Quoting hollowhead
Question guys - the abonacci indicator is simple yes? Take a price, specify a length and then create 0-100% fib levels up and down from that baseline. Can anyone recreate it with source code, so that I can get an EA made for it?
Hi
I have a guy that can do the source code and create the EA,
If you post in logical steps what you want him to do I can get him to do it for you,and post within thread.

If you do a search on me you will find I have done this several times for other traders,he has created several dashboards for me and indicators.
He is very thorough and professional

P
  • #117
  • Mar 25, 2014 2:08am Mar 25, 2014 2:08am
Quoting Paulus
{quote} Hi I have a guy that can do the source code and create the EA, If you post in logical steps what you want him to do I can get him to do it for you,and post within thread. If you do a search on me you will find I have done this several times for other traders,he has created several dashboards for me and indicators. He is very thorough and professional P
That's FANTASTIC Paulus - thank you for your help . I will post the logic later.
  • #118
  • Mar 25, 2014 6:22am Mar 25, 2014 6:22am
Quoting Paulus
{quote} Hi I have a guy that can do the source code and create the EA, If you post in logical steps what you want him to do I can get him to do it for you,and post within thread. If you do a search on me you will find I have done this several times for other traders,he has created several dashboards for me and indicators. He is very thorough and professional P
Hi Paulus - I think this is logical steps and are quite simple - but I could well have missed something, or not been clear enough that your guy needs to know. You/he can PM me if something is missing or needs clarifying. Thanks for the help.

Indicator
Replicate indicator (attached) , screen shot below.
Attached File(s)
File Type: ex4 Abonacci Templates Manual v7-1.1.ex4   8 KB | 797 downloads


Divide chart into sections, above and below a user defined price (‘baseline’) and date.
Section size/length is user-defined by number of pips.
Draw fib levels (0%, 23.6%, 38.2%, 50%, 61.8%, 76.4%, 100%) between section lines
Attached Image (click to enlarge)
Click to Enlarge Name: Abonacci screen shot.png Size: 253 KB



Expert Advisor
Overview. Looking to open Buy or Sell when price moves from a set level in one section and breaks a section in the level above/below. TP and SL to be defined by user.

EA
Buy
1. If price has risen from user defined fib level. (See pic)
2. Open Buy when price crosses ‘user-defined’ fib level (in section above) by ‘user-defined’ number of pips.
2. TP - ‘user-defined’ number of pips
3. SL - ‘user-defined’ number of pips
4. Option to move SL to BE - yes or no when price reaches number of pips .


Sell
1. If price has dropped from user defined fib level.
2. Open Sell when price crosses ‘user-defined’ fib level (in section below) by ‘user-defined’ number of pips.
2. TP - ‘user-defined’ number of pips
3. SL - ‘user-defined’ number of pips
4. Option to move SL to BE - yes or no when price reaches number of pips .

Attached Image (click to enlarge)
Click to Enlarge Name: Abonacci EA example.png Size: 60 KB
  • #119
  • Mar 25, 2014 8:21am Mar 25, 2014 8:21am
I have a couple of questions about the Abonacci Tempalate. It is "Supposed" to replicate fib levels correct? How are the fib levels determined? When I use my fib tool and draw fib lines on my chart from various swing highs and lows, my fib lines never match up with the abonacci lines? Also, why are we using the 76.4 level as apposed to the usual (what most professional traders use) the 78.6 level?
  • #120
  • Mar 25, 2014 8:33am Mar 25, 2014 8:33am
Quoting distantpulse
I have a couple of questions about the Abonacci Tempalate. It is "Supposed" to replicate fib levels correct? How are the fib levels determined? When I use my fib tool and draw fib lines on my chart from various swing highs and lows, my fib lines never match up with the abonacci lines? Also, why are we using the 76.4 level as apposed to the usual (what most professional traders use) the 78.6 level?
Because the fib levels are between the Abonacci phase levels ie a phase is whatever length you put in the indicator (122, 244, 356 etc) . then fibs are drawn between the phase levels. The fibs in Abonacci have nothing to do with swing highs/lows.

I don't really know why Abonacci uses 76.4%. I would think it is because it creates equal distance between pairs of levels

0 to 23.6 = 100-76.4
23.6 to 38.2 = 76.4 to 61.8
38.2 to 50 = 61.8 to 50.

This means the trading rules in relation to the fib levels will be the same whether going short or long, just inverse. ie break of 23.6 for a long, is the same as breaks of 76.4 short.
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