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Ahmed Maher: The Fox Wave

  • #21
  • Aug 26, 2015 2:19am Aug 26, 2015 2:19am
Quoting laksior
{quote} Hey shg, if You don't mind I try to answer Your question. If You have bullish GFW You need a bullish confirmation pattern, but bullish confirmation pattern is TWO BEARISH CANDLES AND ONE BULLISH (page 5 in pdf). So there might be 100 bearish candles and one bullish but the valid signal for long is the last 3 candles (two bearish and one bullish).
thanks mate for clarification and your inputs...
  • #22
  • Aug 26, 2015 3:31am Aug 26, 2015 3:31am
I have saved some time and made a quick EA for the Fox Wave system. (Golden not included).
Test results were not impressive on the long run.

Anyway, here it is if you wish to play with it. Source Code included.

All the best,

Khalil
Attached File(s)
File Type: mq4 FoxWave_01.mq4   5 KB | 876 downloads
File Type: ex4 FoxWave_01.ex4   9 KB | 579 downloads
No guts, no glory
  • #23
  • Aug 26, 2015 7:06am Aug 26, 2015 7:06am
Quoting shg
Hi Fox, Thanks for the system. Very simple and stress free... I have read the pdf 2 times to understand it and i might have to read one more time. But i thought to ask here please answer if you can... for the confirmation patter for bullish golden fox wave we need bullish confirmation. so in this we need 2 bullish candles and if we have 3 bullish candles then what should we do? should we still enter or no trade? and if you says yes then in pdf page 19, examples are showing something else... {image} see in the image...bullish golden fox wave and...
Hello shg, Sure Bullish confirmation pattern must have two (or more) Bearish candles and one bullish and vice versa for Bearish confirmation patterns. but I have to notify again that we depend only on type of confirmation pattern with type of wave only on ordinary Fox wave but on Golden one we don't any confirmation pattern will be our entry. cheers
  • #24
  • Aug 26, 2015 7:15am Aug 26, 2015 7:15am
Quoting laksior
Hello everyone, thank You Ahmed for this interesting thread and I have question to You. I see the potential in Your system and I want to apply Golden Fox Wave in Binary Options on M1 TF and expiry of 5 minutes. You wrote that we can use the system on lower TF's so when should I start looking for first candle of Golden Fox Wave on M1 chart? When I checked the GFW on the beginning of every hour it gave me good results but I can be wrong. Please point me where to start looking for GFW on M1 charts.
Same concept will be applied, if you will refer to H1 TF and work on every hour to search for an entry. you will start search for confirmation pattern after the ninth minute candle on M1. never test it on M1 or even binary but you will have then to use cycle lines tool instead of ctrl+y and pull it first from H1 to the next and back to M1 to divide your chart into hours.
  • #25
  • Aug 26, 2015 7:18am Aug 26, 2015 7:18am
Quoting laksior
{quote} Hey shg, if You don't mind I try to answer Your question. If You have bullish GFW You need a bullish confirmation pattern, but bullish confirmation pattern is TWO BEARISH CANDLES AND ONE BULLISH (page 5 in pdf). So there might be 100 bearish candles and one bullish but the valid signal for long is the last 3 candles (two bearish and one bullish).
you can have a swing of these 100 bearish consecutive candles ended with a Bullish one that will form you a confirmation pattern. we always need two consecutive candles of same kind followed by opposite one regardless the previous candles. cheers
  • #26
  • Aug 26, 2015 7:19am Aug 26, 2015 7:19am
Hi everibody,

thanks fox for share your sistem.

I'll try to install the indicator on my MT4, but when install the indicator, the platform removed it.

Can someone help me to understand why?

Thank you.

Leonardo
  • #27
  • Edited 7:43am Aug 26, 2015 7:26am | Edited 7:43am
Quoting abokwaik
I have saved some time and made a quick EA for the Fox Wave system. (Golden not included). Test results were not impressive on the long run. Anyway, here it is if you wish to play with it. Source Code included. All the best, Khalil {file} {file}
Hello khalil, special thanks for your time making an EA, I'm not expert in mq4 language still have to be sure if you have applied rules well there but I need to confirm something important as you made this only for ordinary fox wave. do you confirm that confirmation pattern has to be the same with fox wave to enter a trade ?! means I need a bullish confirmation pattern for bullish fox wave if it was bearish confirmation pattern there will be NO TRADE and vice versa for bearish trades because ordinary fox wave filter it self by this concept thats why it has fewer entries than Golden Time.
  • #28
  • Aug 26, 2015 7:41am Aug 26, 2015 7:41am
Two Entries today fro GBPJPY & USDCHF.
Attached Image (click to enlarge)
Click to Enlarge Name: 8-26-2015 2-30-20 PM.png Size: 24 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 8-26-2015 2-38-11 PM.png Size: 26 KB
  • #29
  • Aug 26, 2015 8:20am Aug 26, 2015 8:20am
Quoting thefox91
Two Entries today fro GBPJPY & USDCHF. {image} {image}
sir,
1st image gbp/jpy
1st sub fox wave is bullish?
but when i read the pdf then....
We will focus on the open of sub wave (open of first candle of the sub
wave) and close of sub wave (close of last third candle of sub wave),
  • #30
  • Aug 26, 2015 8:26am Aug 26, 2015 8:26am
Quoting thefox91
{quote} Hello khalil, special thanks for your time making an EA, I'm not expert in mq4 language still have to be sure if you have applied rules well there but I need to confirm something important as you made this only for ordinary fox wave. do you confirm that confirmation pattern has to be the same with fox wave to enter a trade ?! means I need a bullish confirmation pattern for bullish fox wave if it was bearish confirmation pattern there will be NO TRADE and vice versa for bearish trades because ordinary fox wave filter it self by this concept...
Yes of course. I've done it exactly as in the pdf file.

Tester showed better results when SL was same as the whole wave size (not half as in pdf), and Risk to Reward ratio at 1:2 (input as 0.5).
Exit only on SL or TP. (the option for exit on number of candles is not included)

I tested on M30 and H1 time frames for EUR/USD .

You're welcome.
No guts, no glory
  • #31
  • Aug 26, 2015 9:47am Aug 26, 2015 9:47am
Quoting abokwaik
{quote} Yes of course. I've done it exactly as in the pdf file. Tester showed better results when SL was same as the whole wave size (not half as in pdf), and Risk to Reward ratio at 1:2 (input as 0.5). Exit only on SL or TP. (the option for exit on number of candles is not included) I tested on M30 and H1 time frames for EUR/USD . You're welcome.
Sure of course Khalil, if you have read Golden Time part I said that in lower TFs I prefer using 1:1 R/R due to high volatility "not too high to reach, not to low to hit" so if u have tested it on H1 & M30 sure 1:1 will give u better result. and I think 1:2 and S/L half wave size on H4 & Daily will give you better result also. cheers
  • #32
  • Aug 26, 2015 9:53am Aug 26, 2015 9:53am
Quoting nazmul0001
{quote} sir, 1st image gbp/jpy 1st sub fox wave is bullish? but when i read the pdf then.... We will focus on the open of sub wave (open of first candle of the sub wave) and close of sub wave (close of last third candle of sub wave),
it's a Golden Time entry, we don't focus on open & close in Golden analysis. we count no. of types of candles of each sub wave two bullish sub waves & one bearish = Bullish Golden wave. you guys have to separate between ordinary Fox wave & Golden Time. cheers
  • #33
  • Aug 26, 2015 12:42pm Aug 26, 2015 12:42pm
thefox91,

I think if using Golden Time and the confirmation pattern is not in agreement with Golden Fox Wave then rather than NO TRADE, take the trade in the opposite direction. Just a thought! Your comments please.
  • #34
  • Aug 26, 2015 12:48pm Aug 26, 2015 12:48pm
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-08-26_1248.png Size: 45 KB


This example shows what I mean.
  • #35
  • Aug 26, 2015 1:16pm Aug 26, 2015 1:16pm
Quoting earlroy63
thefox91, I think if using Golden Time and the confirmation pattern is not in agreement with Golden Fox Wave then rather than NO TRADE, take the trade in the opposite direction. Just a thought! Your comments please.
Again guys, in Golden Time when the confirmation pattern is not the same with Golden Fox wave WE DO TRADE. any confirmation pattern in Golden Time will be our entry. we need confirmation pattern to be the same with Fox wave ONLY in Normal FOX wave not in Golden Time. regarding the chart attached I didn't see a confirmation pattern occured when you put your entry level. cheers
  • #36
  • Aug 26, 2015 1:29pm Aug 26, 2015 1:29pm
Quoting earlroy63
{image} This example shows what I mean.
Yesterday and day before have both profitable trades
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-08-26_1248.png Size: 48 KB
  • #37
  • Aug 26, 2015 1:47pm Aug 26, 2015 1:47pm
Thanks for your specific answer, I was just exploring trading opportunities, but I agree NO TRADE on gbpusd today as per your rules.
  • #38
  • Aug 26, 2015 3:32pm Aug 26, 2015 3:32pm
thefox91 i have question because i don't understand few things clearly.
Golden Wave - if every confirmation pattern is our entry why should we analyse last 9 candles if they are useless?
If i understand You correct, it doesn't matter what is the Golden Fox Wave - bullish or bearish. The most important thing is that we have to look after 9th candle for confirmation pattern. If the pattern is bearish - we go short, if the pattern is bullish - we go long.

If i don't get Your point please be generous because maybe by language barier i can't understand it properly
  • #39
  • Aug 26, 2015 7:25pm Aug 26, 2015 7:25pm
My understanding of GOLDEN TIME, because I like it very much as a day trader. Thanks thefox91.
Attached Image
  • #40
  • Aug 26, 2015 10:17pm Aug 26, 2015 10:17pm
Quoting laksior
thefox91 i have question because i don't understand few things clearly. Golden Wave - if every confirmation pattern is our entry why should we analyse last 9 candles if they are useless? If i understand You correct, it doesn't matter what is the Golden Fox Wave - bullish or bearish. The most important thing is that we have to look after 9th candle for confirmation pattern. If the pattern is bearish - we go short, if the pattern is bullish - we go long. If i don't get Your point please be generous because maybe by language barier i can't understand...
No man, I mean opposite to all what you are saying..what's important is its type is the Golden Fox Wave analysis if we have a bullish one we will enter long if we have bearish one we will go short regardless of type of confirmation pattern any one will be our trigger with the direction obtained from the wave. see the previous attached entries and it will be clear.cheers
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