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Pure & simple Abonacci system

  • #161
  • Mar 28, 2014 2:21am Mar 28, 2014 2:21am
Quoting jmss59
I have discovered a very simple formula to obtain a baseline of guarantees. We take the maximum and the minimum of 2013, in the EU Maximum: 1.38924 Minimum: 1.27438 Difference: 1148 We applied the 23.6 fibo value: 271 This value we add to the opening price of 2014 2014 Opening price: 271 + 1.32633: 1.35343 The 2014 base line for the template 103 is 1.35343 Result: {image}
MMM.. interesting.. why did you pick 236??
  • #162
  • Mar 28, 2014 2:46am Mar 28, 2014 2:46am
I just wondering One thing.Did they any significance about baseline?If the price goes up to Baseline or If price goes down below the baseline,Does it means anything special?
Or Baseline requires to meet abonacci 100% to murray math level...
  • #163
  • Mar 28, 2014 3:59am Mar 28, 2014 3:59am
Quoting danc
{quote} MMM.. interesting.. why did you pick 236??
I understand it's an important level in the Abonacci system because the price to open operations should come from this level of the previous phase.
  • #164
  • Mar 28, 2014 4:14am Mar 28, 2014 4:14am
Quoting Diptoislam
I just wondering One thing.Did they any significance about baseline?If the price goes up to Baseline or If price goes down below the baseline,Does it means anything special? Or Baseline requires to meet abonacci 100% to murray math level...
If you set the baseline to the dark blue MM level - this is the central MM pivot level. I understand it to be a significant level, but it would only change whether I trade the abonacci phases if looking back I can see price consolidates or spikes at that level - if it has previously I might give it a miss and find another pair.
  • #165
  • Mar 28, 2014 4:23am Mar 28, 2014 4:23am
Quoting hollowhead
{quote} If you set the baseline to the dark blue MM level - this is the central MM pivot level. I understand it to be a significant level, but it would only change whether I trade the abonacci phases if looking back I can see price consolidates or spikes at that level - if it has previously I might give it a miss and find another pair.

First of all, thank you very much for your system. I have 10 trades so far and it seems very promising! I got like 10% return in demo. You mentioned if you see consolidates or spike at the blue MM level, you might find another pair. Is that the way you choose which pair to trade? coz it shows whether that blue MM level is effective to certain pairs?

Thanks again!
  • #166
  • Mar 28, 2014 4:58am Mar 28, 2014 4:58am
Quoting wongsiio
{quote} First of all, thank you very much for your system. I have 10 trades so far and it seems very promising! I got like 10% return in demo. You mentioned if you see consolidates or spike at the blue MM level, you might find another pair. Is that the way you choose which pair to trade? coz it shows whether that blue MM level is effective to certain pairs? Thanks again!
Hi wongsiio - I am trying to use common sense in choosing pairs. For example I am considering which currencies are strong and weak, which pairs have been trending on the daily/weekly chart, which has had a pullback.

ie
GBP has been trending up and I think has further to go.
JPY - I am always biased short with the yen.
AUD - this is on a large pullback - or a longer term trend reversal.

So, AUD or GBP longs against the JPY would seem to me to be going with the flow.

I'm not massively keen on EU as a pair - mainly as I think it has new highs to make (according to the Bobi's Abonacci templates), but also has lower targets to meet - so for me it's a mixed picture. Also, on my main live account I have been hedge in a large EU trade which is slowly unlocking, and I need to remain focused with that pair on sorting that out.)

I generally (but not always) want to trade a phase up that's followed a pullback, as oppossed to taking an abonacci phase break into new highs where there may be big resistance. Trading the phase following a pullback can be slower, trading a phase thats a new high break can be quick and if it breaks give you a quick win - but, there's always the chance of a massive reversal half-way though - so I would be quicker to get to BE in that case.

PS - I should say, once I have access to an EA I will back test mutliple pairs with various rules. This will provide stats that will be independent of bias, and show the strength of the system without considering market/currency recent behaviour.
  • #167
  • Mar 28, 2014 5:17am Mar 28, 2014 5:17am
Quoting jmss59
{quote} I understand it's an important level in the Abonacci system because the price to open operations should come from this level of the previous phase.
MM thanks for reply.. worth thinking about.. I am using it a different way which has been good .. but at this point in time I haven't been paying that a much attention to 236..once again thks for reply..
  • #168
  • Mar 28, 2014 6:10am Mar 28, 2014 6:10am
Quoting hollowhead
{quote} Hi wongsiio - I am trying to use common sense in choosing pairs. For example I am considering which currencies are strong and weak, which pairs have been trending on the daily/weekly chart, which has had a pullback. ie GBP has been trending up and I think has further to go. JPY - I am always biased short with the yen. AUD - this is on a large pullback - or a longer term trend reversal. So, AUD or GBP longs against the JPY would seem to me to be going with the flow. I'm not massively keen on EU as a pair - mainly as I think it has new highs...

Thanks for your detailed explanation! It does make sense to me! Your whole theory to find pairs to trade is more than reasonable. But I do agree with u that to use EA to test without being bias is way more important as the abonaccis system is designed to trade without concerning the market and currency behavour but abonacci levels. I have 10 trades so far and I will do the forward testing your system like 100 trades to see how the result looks like and make a conclusion later.I have been trading with Fibonacci and 23.6% seems to be a very amaziing level for me but you show me another world. Love your combination of Murry math and abonacci! Keep Going!
  • #169
  • Mar 28, 2014 7:00am Mar 28, 2014 7:00am
Trade on the AUDCHF pair
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  • #170
  • Mar 28, 2014 7:07am Mar 28, 2014 7:07am
Quoting ubenders
Trade on the AUDCHF pair {image} {image}
  • #171
  • Mar 28, 2014 10:34am Mar 28, 2014 10:34am
Waiting for the price get to 76.4 and already move SL to BE

Attached Image (click to enlarge)
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  • #172
  • Mar 28, 2014 8:09pm Mar 28, 2014 8:09pm
Quoting Paulus
All details as supplied have been sent to the programmer for the EA any questions from him will be posted here for answers Will keep you posted of progress P
thank you so much as usual dear friend.
  • #173
  • Mar 28, 2014 8:38pm Mar 28, 2014 8:38pm
Quoting danc
PS. I would very much like to be in touch with anybody trading the OILUSD and the BRTUSD........would you be kind to connect me ......Thanks in advance. MMM interesting.. I will start to watch.. interesting stuff you are putting up there.Thks



danc

Do you trade on oilusd?
  • #174
  • Mar 28, 2014 9:53pm Mar 28, 2014 9:53pm
Attached Image


Price travel from 23.6% level and break 100% level below

Waiting price travel/break to 76.4% level for SELL and TP around 23.6%/100%
  • #175
  • Edited 11:46pm Mar 28, 2014 11:35pm | Edited 11:46pm
I'm looking for the abbonacci calculation, can anyone confirm if this is correct?

To get your Rooms

  1. Take the overall high - low for the month 1 = monthly range
  2. divide by 2 = 1/2 range
  3. add and subtract (1/2 range month 1) to the close of the first day of month 2
  4. apply fib retracemetns to the internal rooms


To get your PIP rules

  1. Take difference of high-low of each day within the month (daily chart) = daily range for month 1
  2. obtain the std dev of the daily range
  3. divide the std dev of the daily range by the monthly range to normalize the daily ranges to the monthly ranges.

  • #176
  • Mar 28, 2014 11:51pm Mar 28, 2014 11:51pm
Quoting breakthru56
{quote} danc Do you trade on oilusd?
Oil is always USD, there is no such thing as oileuro or oiljpy or oilamero
The Thief of Wall Street
  • #177
  • Mar 29, 2014 3:08am Mar 29, 2014 3:08am
Quoting Chicky
{quote} Oil is always USD, there is no such thing as oileuro or oiljpy or oilamero

Fxcm used to provide ukoil... Not sure if they still do though
  • #178
  • Mar 29, 2014 4:58am Mar 29, 2014 4:58am
Quoting breakthru56
{quote} danc Do you trade on oilusd?
No I know nothing about it.. have only just started to look at oil charts..
  • #179
  • Mar 29, 2014 6:31am Mar 29, 2014 6:31am
EA

Ok I have a list of questions from the coder,No disrespect but If Hollowhead can answer please,

My short list of questions:

1. Is Start_Time of the grid important for EA? Or can I simple make EA start when it is attached?

2. I guess you will need two separate sets of parameters for buy and sell. Something like:
For Buy:
- Starting Fibo line
- +/- pips from starting Fibo line
- Ending Fibo line
- +/- pips from ending Fibo line
- SL/TP/BE

For Sell:
- Starting Fibo line
- +/- pips from starting Fibo line
- Ending Fibo line
- +/- pips from ending Fibo line
- SL/TP/BE

Is that right?

3. How many trades can be open at the same time? One or more? For example, when price keeps going up and crosses two or more sections. Should the second buy trade be opened even when the first is still not closed?

4. Can buy and sell trades be open at the same time? For example, when price crosses one section up and then goes back to lower section.

Thanks

P
  • #180
  • Mar 29, 2014 6:53am Mar 29, 2014 6:53am
Quoting Paulus
EA Ok I have a list of questions from the coder,No disrespect but If Hollowhead can answer please, My short list of questions: 1. Is Start_Time of the grid important for EA? Or can I simple make EA start when it is attached? 2. I guess you will need two separate sets of parameters for buy and sell. Something like: For Buy: - Starting Fibo line - +/- pips from starting Fibo line - Ending Fibo line - +/- pips from ending Fibo line - SL/TP/BE For Sell: - Starting Fibo line - +/- pips from starting Fibo line - Ending Fibo line - +/- pips from ending...
Hi Paulus

Thanks for the questions.

1. No. The start time isn't important for the EA. As long as it is working from the Abonacci indicator length and baselines entered by the user.

2. Yes - that sounds right.

3. Can this be made as a user option?
If it's one or the other I would say allow multiple entries. In typical environments I don't think more than one would open anyway. If trades are set to operate within a phase (0-100%) i.e. for a long 'buy@ +/- pips from 23.6% fib', close at '+/- pips 76.4% fib', the trade would have closed by reaching TP before price enters the phase above. Having said that being able to build a longterm trade with multiple entries would be good to test, so having the ability to turn specify would be great.

4. Again can that be a user option.
I for one like to hedge and would like to test that, but I know for some (ie US citizens) they can't.

On that note I have a whole hedging EA I would like to investigate for backtesting, but I think it would be too much to include in this....

Please thank your coder for me.

Steve
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