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Pure & simple Abonacci system

  • #241
  • Apr 3, 2014 6:03pm Apr 3, 2014 6:03pm
Quoting jaylovin
{quote} Hi Steve... I have started reading through the thread... nice discovery using MM.. how are you finding your trades so far with this system? profitable? better than abonacci? cheers jay
Hi Jay - going well at the moment thanks. As you can see from my TE I think it's 7 wins, 4 losses, 1 in profit and 1 in DD, 2 floating around BE at the moment.

We'll see what happens in time. In some ways I prefer it to Abonacci as I can look at any pair and be picky about the trades. So I'm looking for trades that are consolidating around a level and look like they want to move, or where I can tell we have one weak and one strong currency.

You might of read that Paulus has kindly asked his coder to build an EA, which once we have working means we can thoroughly back test which levels give the greatest win rate, what the break needs to be, what the optimum SL and TP are, and whether moving to BE is a good strategy.

I'm looking for proven tradeable levels and TP/SL, that gives more than 50:50 win rate with RR or 1.5-2, and clear rules (I know, that's what we're all looking for right?). But I'm sure it's in here somewhere, so far on live testing it's looking good, but always aware that we need to test through various market conditions etc.

Still, it's good to be in the hunt and pips are coming at the moment so I can't complain. You back in blighty?
  • #242
  • Apr 3, 2014 6:27pm Apr 3, 2014 6:27pm
Quoting hollowhead
{quote} Hi Jay - going well at the moment thanks. As you can see from my TE I think it's 7 wins, 4 losses, 1 in profit and 1 in DD, 2 floating around BE at the moment. We'll see what happens in time. In some ways I prefer it to Abonacci as I can look at any pair and be picky about the trades. So I'm looking for trades that are consolidating around a level and look like they want to move, or where I can tell we have one weak and one strong currency. You might of read that Paulus has kindly asked his coder to build an EA, which once we have working...

very nice... i am looking for proper SL also.. time is another one i would like to learn but i don't think there is much apart from gann...

yup i got back last week... leave for Cape Town though a week monday so not much time for markets
  • #243
  • Apr 3, 2014 6:33pm Apr 3, 2014 6:33pm
Hi Hollowhead. Is this EURUSD H1 correct per your recommended settings/template?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.png Size: 29 KB
  • #244
  • Apr 3, 2014 7:29pm Apr 3, 2014 7:29pm
Hello everyone. I am having problem with the abonacci indicator. I already paste the ex4 file in expert inidicatot folder of my MT4 but it didn't appeared, anyone have any solution please,, thank you.
  • #245
  • Apr 3, 2014 8:36pm Apr 3, 2014 8:36pm
Quoting ndutnes
Hello everyone. I am having problem with the abonacci indicator. I already paste the ex4 file in expert inidicatot folder of my MT4 but it didn't appeared, anyone have any solution please,, thank you.
which MT4 version are you using?600+

1. try to click on File ----> Open Data Folder
2. Paste your indicator into MQL4\Indicators folder

-sniper-
  • #246
  • Apr 4, 2014 12:19am Apr 4, 2014 12:19am
EA

I have attached the EA please load and post any questions which will be best anwered by Hollowhead

Hollowhead - any concerns or changes required please let me know,I havnt loaded the EA myself yet I have only just received it

Here is the list of instructions from coder...

------------------------------------------------

There are two sections of inputs, for buy and sell separately.

Buy/Sell Input parameters:

Lots – position size
Start_Level – fibo level where price movement must start
End_Level – fibo level where price movement must end
Start_Plus_Minus_Pips – you can adjust Start_Level by +/- pips
End_Plus_Minus_Pips – you can adjust End_Level by +/- pips
SL/TP/BE in pips

Grid input parameters:
BaseLine (price), Length (in pips) – the same as in the indicator

Other options:
Max_Trades – max number of trades that can be open at the same time
Hedging [true/false] – can buy and sell trades be open at the same time
Market_Execution, Magic_Number – the same as in all previous EAs


Price is first recorded when EA is attached to the chart. When you reattach it or reinitialize in any other way (for example by changing its parameters), it will start again from a new starting price.

EA does not use the Abonacci indicator. It calculates the grid itself. You can attach the indicator yourself if you want to see the grid, but it does not matter for the EA.
EA works on the strategy tester, so you can test it quickly if you like.

-------------------------------------------------------------------------------------------------------------------

P
Attached File(s)
File Type: ex4 Abonacci EA.ex4   37 KB | 1,114 downloads
File Type: mq4 Abonacci EA.mq4   13 KB | 1,370 downloads
  • #247
  • Apr 4, 2014 12:37am Apr 4, 2014 12:37am
Quoting Paulus
EA I have attached the EA please load and post any questions which will be best anwered by Hollowhead Hollowhead - any concerns or changes required please let me know,I havnt loaded the EA myself yet I have only just received it Here is the list of instructions from coder... ------------------------------------------------ There are two sections of inputs, for buy and sell separately. Buy/Sell Input parameters: Lots – position size Start_Level – fibo level where price movement must start End_Level – fibo level where price movement must end Start_Plus_Minus_Pips...
WOW Paulus. Thank you (and your coder) so much.
  • #248
  • Apr 4, 2014 2:51am Apr 4, 2014 2:51am
Nice Paulus, I have a quick question lets say we have a 23.6% price of 0.89400.
Will the EA open a LONG in this case when the ASK price reaches 0.89400 or when the BID price reaches that price?

During my test period of two days now manual using a SELL and BUY STOP, it opens a trade using the ASK price but the BID price never got there.
  • #249
  • Apr 4, 2014 3:27am Apr 4, 2014 3:27am
Quoting fabje
Nice Paulus, I have a quick question lets say we have a 23.6% price of 0.89400. Will the EA open a LONG in this case when the ASK price reaches 0.89400 or when the BID price reaches that price? During my test period of two days now manual using a SELL and BUY STOP, it opens a trade using the ASK price but the BID price never got there.
Haven't had a chance to use it yet, but could you not factor the spread in when you enter the Start_Plus_Minus distance?
  • #250
  • Apr 4, 2014 3:44am Apr 4, 2014 3:44am
Quoting hollowhead
{quote} Haven't had a chance to use it yet, but could you not factor the spread in when you enter the Start_Plus_Minus distance?
Could be, but you need to do it for every pair and the spread isn't always the same.
  • #251
  • Apr 4, 2014 5:08am Apr 4, 2014 5:08am
  •  moursi
  • | Joined Dec 2011 | Status: don't try to change the world .... | 78 Posts
first of all thx a lot hollowhead for your hard work and dedication
can anybody give me that
http://assets.forexfactory.net/images/attach/ex4.gif Abonacci Templates Manual v7-1.1.ex4

in MQ4 NOT EX4 IF ANY BODY CAN please please
post it her i will be respect that
Rule #1: Never Lose Money Rule #2: Never Forget Rule Number One
  • #252
  • Apr 4, 2014 5:50am Apr 4, 2014 5:50am
Excellent work, GU 1st backtest template 122 from 01-01-2013
file:///C:/Archivos%20de%20programa/FXCM%20MetaTrader%204/StrategyTester1.htm
  • #253
  • Apr 4, 2014 5:53am Apr 4, 2014 5:53am
It is appreciated the effort and dedication that you are putting in this thread. thank you very much
  • #254
  • Apr 4, 2014 5:56am Apr 4, 2014 5:56am
Image backtest
Attached Image (click to enlarge)
Click to Enlarge Name: gbp-usd 04-04-14.png Size: 23 KB
  • #255
  • Apr 4, 2014 6:04am Apr 4, 2014 6:04am
I would ask Hollowhead and Paulus if possible, to incorporate the option of EA possibility of using martingale, as you know hollowhead I use it and I would be very useful. If possible thing to appreciate forever, I'd like you gave your hollowhead the appropriate indications, as is evident because my English is not good. Thank you very much again.
  • #256
  • Apr 4, 2014 6:39am Apr 4, 2014 6:39am
GU backtest template 244 from 01-01-2013

file:///C:/Archivos%20de%20programa/FXCM%20MetaTrader%204/StrategyTester_gbp-usd_244.htm
Attached Image (click to enlarge)
Click to Enlarge Name: gbp-usd 04-04-14 1.png Size: 23 KB
  • #257
  • Apr 4, 2014 7:19am Apr 4, 2014 7:19am
Quoting moursi
first of all thx a lot hollowhead for your hard work and dedication can anybody give me that {image} Abonacci Templates Manual v7-1.1.ex4 in MQ4 NOT EX4 IF ANY BODY CAN please please post it her i will be respect that
found one on russian forum:
Attached File(s)
File Type: mq4 Abonacci Templates Manual v7.0.mq4   5 KB | 832 downloads
Only price
  • #258
  • Apr 4, 2014 7:44am Apr 4, 2014 7:44am
  •  moursi
  • | Joined Dec 2011 | Status: don't try to change the world .... | 78 Posts
fx_mig
all the respect for that you are the man thx thx thx thx alot
Rule #1: Never Lose Money Rule #2: Never Forget Rule Number One
  • #259
  • Apr 4, 2014 8:29am Apr 4, 2014 8:29am
Quoting jmss59
I would ask Hollowhead and Paulus if possible, to incorporate the option of EA possibility of using martingale, as you know hollowhead I use it and I would be very useful. If possible thing to appreciate forever, I'd like you gave your hollowhead the appropriate indications, as is evident because my English is not good. Thank you very much again.
Hi jmss - I will let people test the EA for a while, and if people want to feed back requests , alterations that they feel will help (here or via PM), I will post them for Paul as one list, as opposed to sending multiple requests and ending up wasting his and the coders time.

In the meantime - you can always look at the report section of the strategy tester - that will tell you the number of consecutive losses for a period, which will give you some idea as to how harsh the martingale would have been for that period.

FOR NEWBIES - DO NOT MARTINGALE UNLESS YOU KNOW EXACTLY WHAT YOU ARE DOING AND WHAT THE RISKS ARE.

I will not accept any responsibility in anyone's account being wiped out.
  • #260
  • Apr 4, 2014 9:42am Apr 4, 2014 9:42am
Quoting hollowhead
{quote} Hi jmss - I will let people test the EA for a while, and if people want to feed back requests , alterations that they feel will help (here or via PM), I will post them for Paul as one list, as opposed to sending multiple requests and ending up wasting his and the coders time. In the meantime - you can always look at the report section of the strategy tester - that will tell you the number of consecutive losses for a period, which will give you some idea as to how harsh the martingale would have been for that period. FOR NEWBIES - DO NOT...
Again grateful and applaud your consistency in the management of thread.
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