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Dynamic Fibonacci Grid

  • #61
  • Oct 1, 2015 6:35am Oct 1, 2015 6:35am
Quoting bubola
Hi alphaomega...can you please explain how you can have partial closes with the EA you provided? i tried everything and cannot make it work. thanks for your help
Easy, just use the bigger "x" button next to the buy/sell button.
NOTE that If you want to scale out of positions, you have to plan and split them in advance.You cannot close part of one trade. Only part of position(more than 1 trades.).
Also note that partial closing works with FIFO. It always closes the oldest trade.
For example, If you normaly trade 2 lots, and want to scale out - open the position on 2 parts(1+1). The buttons are fast enough to execute multiple trades in 1sec. (no delay like the standard mt4 buttons). Also if you trade during very fast markets there is the option to execute multiple trades with 1 click. (change "Num of trades" prameter in the EA settings).
  • #62
  • Oct 1, 2015 7:02am Oct 1, 2015 7:02am
ok, thanks
  • #63
  • Oct 3, 2015 1:14am Oct 3, 2015 1:14am
Hi Alpha Omega, thank you so much for the great indi and EA, but I wonder why the EA works just fine in some brokers but not working in my broker? sorry for this newbie's question because I've been trying to figure it out but nothing is happenned. Is there any way that broker may block the EA and how to get over it if they do?
  • #64
  • Oct 3, 2015 6:56am Oct 3, 2015 6:56am
Quoting Readist
Hi Alpha Omega, thank you so much for the great indi and EA, but I wonder why the EA works just fine in some brokers but not working in my broker? sorry for this newbie's question because I've been trying to figure it out but nothing is happenned. Is there any way that broker may block the EA and how to get over it if they do?
Should work on every broker. Make sure you do everything correctly! Who is your broker? What exactly doesn't work? You can't open trades, or you don't see the buttons, the grid ...describe the problem?
NOTE that if you try to setup the platform during the weekend, when the market is closed, OR if there is no connection, the grid and buttons may look "strange" and definitely the system will not work properly...
  • #65
  • Oct 3, 2015 9:27am Oct 3, 2015 9:27am
Hey, alphaomega,

you trade all 10 pairs at the same time, as I understood.
How long do you have to wait until you put in an order?

D.
  • #66
  • Oct 3, 2015 2:44pm Oct 3, 2015 2:44pm
Quoting DirkH143
Hey, alphaomega, you trade all 10 pairs at the same time, as I understood. How long do you have to wait until you put in an order? D.
NO! I'm not doing basket trading, I don't trade all 10 pairs at once! I ONLY WATCH them, analyze them simultaneously, and trade only If there is some high probability pattern in one of the pairs. I rarely have more then 2 positions open at the same time. I only look for the best setups. I don't sacrifice quality for quantity. Some times I just sit and watch all day long with no trades, and in some days I can go up to 30-50 trades. It all depends on the market conditions. When I see good opportunities- I trade alot. And when there are no opportunities - patience is the name of the game!

I use predator tactics in my trading. I wait as long as I have to. And when I see good opportunity - attack, grab some money from the market and then stay on the sidelines until the next opportunity. I very rarely hold open positions for more than 50-60 min. Patience, consistency and discipline. That's all you need in this game. You don't have to hit homeruns to make big money in this business. It's the opposite actually. Small but regular consistent profits compound over time and lead to amazing returns. There is nothing more powerful than exponential growth.
  • #67
  • Oct 3, 2015 4:32pm Oct 3, 2015 4:32pm
Quoting alphaomega
{quote} Should work on every broker. Make sure you do everything correctly! Who is your broker? What exactly doesn't work? You can't open trades, or you don't see the buttons, the grid ...describe the problem? NOTE that if you try to setup the platform during the weekend, when the market is closed, OR if there is no connection, the grid and buttons may look "strange" and definitely the system will not work properly...
I succesfully tried in 2 brokers ... but not in my local broker "mentarionliine", I can see the buttons but it didn't function at all, can't open trade, can't close trade, nor the stop and take profit took place... The test was on mini acc last friday (during market open), so I had it all done by manual at the moment, maybe I should check on the broker side
  • #68
  • Oct 3, 2015 4:49pm Oct 3, 2015 4:49pm
Anyway, the trade buttons on the chart are exactly what I need as a scalper, wonder why MetaQuotes Corp provides us "one click trading" for entry but in order to close positions we must first open the terminal. I'm confidence all of the traders will agree that it's a necessity to put it on every platform.
  • #69
  • Oct 3, 2015 5:08pm Oct 3, 2015 5:08pm
Quoting Readist
Anyway, the trade buttons on the chart are exactly what I need as a scalper, wonder why MetaQuotes Corp provides us "one click trading" for entry but in order to close positions we must first open the terminal. I'm confidence all of the traders will agree that it's a necessity to put it on every platform.
I just checked your broker(on demo server), and it seem that the have setup MT4 to work with full lots only. Like 1.00, 2,00....... (no fractions like 0.02, 0,1 , 0,5.....) so make sure you set the lots on the EA correctly.
Also another problem might be that they use the old standard with 4 digits for fx pairs.(WHO does that in 2015..? anyway..) that might be potential problem since I have never tested the EA on 4 digits. Should work but I'm not 100% sure.
  • #70
  • Oct 4, 2015 2:51am Oct 4, 2015 2:51am
Thanks for sharing AlphaOmega .. was into it few days back .. now that I have the system running .. can't wait for tomorrow open to learn about the trade set up ...

basic set up for long is the vanilla green line descending from 1m, 5m, 15m, 1hr correct? vice versa for short yes?

Cheers mate!
  • #71
  • Oct 4, 2015 6:29pm Oct 4, 2015 6:29pm
Hi - I am not understanding your set up instructions:

-----
To set up the platform you have to do the following:
1. Make 2 clean copies of mt4 installation folder in a desired destination on your PC.
2. Inside these clean copies, replace the default mt4 folders with the ones provided by me ( in the "MT4 Terminals" file )
3. Make shortcuts to these new mt4 terminals (copy the terminal.exe files and place them as shortcuts on your desktop)
4. Start the platforms, and open demo account to test the grids. OR if want to use existing account add your broker server and login with your account( or make new one if you have to) and make sure there is connection.
5. If the connection is OK but the Grids are not loading on the charts, this usually it is because of the difference in the names of the instruments between different brokers. SO to solve this, close all open charts and reopen them from the market watch window.
-----

So I have my demo account in the following directory on my computer:

C:\Users\...\AppData\Roaming\MetaQuotes\Terminal\xxxxxxxx

So do I take all YOUR folders and replace the same ones in my terminal folder and then launch? But why two copies? Please let me know, thanks in advance!
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  • #72
  • Oct 4, 2015 6:47pm Oct 4, 2015 6:47pm
Quoting san99
Hi - I am not understanding your set up instructions: ----- To set up the platform you have to do the following: 1. Make 2 clean copies of mt4 installation folder in a desired destination on your PC. 2. Inside these clean copies, replace the default mt4 folders with the ones provided by me ( in the "MT4 Terminals" file ) 3. Make shortcuts to these new mt4 terminals (copy the terminal.exe files and place them as shortcuts on your desktop) 4. Start the platforms, and open demo account to test the grids. OR if want to use existing account add your...
The 2 copies IMHO is just for you to easily manage more pairs .... I just do it with one copy and it works fine ... yes you replace everything with the one from his. CMIIW
  • #73
  • Oct 4, 2015 7:22pm Oct 4, 2015 7:22pm
Quoting san99
Hi - I am not understanding your set up instructions: ----- To set up the platform you have to do the following: 1. Make 2 clean copies of mt4 installation folder in a desired destination on your PC. 2. Inside these clean copies, replace the default mt4 folders with the ones provided by me ( in the "MT4 Terminals" file ) 3. Make shortcuts to these new mt4 terminals (copy the terminal.exe files and place them as shortcuts on your desktop) 4. Start the platforms, and open demo account to test the grids. OR if want to use existing account add your...
Hmm that sucks......you probably use windows 8 or 10 ? Anyway..... Don't move anything to AppData\Roaming\MetaQuotes....... this is not the best solution.
In order solve the problem you have to run MT4 in portable mode.
Here I found good explanation how to do this.
http://www.pimpmyea.com/how-to-have-...-installation/
After you set the portable mode, then follow my instructions.
  • #74
  • Oct 4, 2015 11:34pm Oct 4, 2015 11:34pm
Quoting alphaomega
{quote} Hmm that sucks......you probably use windows 8 or 10 ? Anyway..... Don't move anything to AppData\Roaming\MetaQuotes....... this is not the best solution. In order solve the problem you have to run MT4 in portable mode. Here I found good explanation how to do this. http://www.pimpmyea.com/how-to-have-...-installation/ After you set the portable mode, then follow my instructions.
Great thanks!! Followed the link and then your instructions and now have it up and running. BUT...I don't see the graphs and I know your screenshots don't have graphs either. I was checking out the TigerGrids page and liked the graphs with the MA (?) lines on them. Guess I have to put them on myself?
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  • #75
  • Oct 5, 2015 12:38pm Oct 5, 2015 12:38pm
Quoting emonts
{quote} Hi, If you change the "xWidth" parameter you get smaller lanes, only the text in the header is partly readable. Also you can change the "yHeight" parameter. Just give it a try. Give the "postFix" parameter a value and this should work too. https://gyazo.com/6c75db19f6e18baadbec3511df973c44 https://gyazo.com/66bacff068307a30e6e553948818a161 BR
----------------------
emonts: Hi!

Thanks for the prompt help!

will try this week, let you know if any problems persists.
Regards,
Rswamy
  • #76
  • Oct 5, 2015 1:00pm Oct 5, 2015 1:00pm
I had this idea in my mind for a while - to place some additional more stable reference point on the grid in order to get even better and clear "feel" for the price action. So today I made some experiments with different things and I found good solution - I just placed the last(current) 60 min candle next to the grid. This works great!
Why 60 min candle? Because this is the most important (most watched) intraday period. All other(smaller) periods are already "inside" the 60 min. When 60 min is going up or down making new high/low, all smaller time frames are doing the same. Anyway.... if anyone is using my setup, you may find this additional indicator quite useful.
Attached Image (click to enlarge)
Click to Enlarge Name: grid + 60min bar.png Size: 17 KB
Attached File(s)
File Type: mq4 LAST_BAR.mq4   2 KB | 1,588 downloads
  • #77
  • Oct 5, 2015 1:28pm Oct 5, 2015 1:28pm
<p>Fantastic indicator. That helps alot. Saves going back and forth between chart and trading platform. These little changes make all the difference. So with current down candle you're looking for a downwards movement. Do you ever go against this indicator. Counter trend?
  • #78
  • Oct 5, 2015 2:01pm Oct 5, 2015 2:01pm
Quoting mitch
<p>Fantastic indicator. That helps alot. Saves going back and forth between chart and trading platform. These little changes make all the difference. So with current down candle you're looking for a downwards movement. Do you ever go against this indicator. Counter trend?
Of course I trade against the trend. Actually about 70% of my trades are counter trend. The candle doesn't give buy or sell signals. It just gives better idea of the price action, high/low.... it's easier and quicker to see who is in control at the present moment. (buyers or sellers).
The main conditions for trading against the trend are:
1. To have trend
2. To have "gap" of 20 pips(or more) to the L1(21sma) on 1 min.
3. The current price reaching strong support/resistance zone on at least 2 time frames. (ideally on all 4 timeframes).
Stop loss - no more than 10-15 pips.
Target - 10-20 pips , or the L1(21sma) on 1 min. (whichever comes first).
  • #79
  • Oct 5, 2015 2:50pm Oct 5, 2015 2:50pm
Quoting alphaomega
{quote} Of course I trade against the trend. Actually about 70% of my trades are counter trend. The candle doesn't give buy or sell signals. It just gives better idea of the price action, high/low.... it's easier and quicker to see who is in control at the present moment. (buyers or sellers). The main conditions for trading against the trend are: 1. To have trend 2. To have "gap" of 20 pips(or more) to the L1(21sma) on 1 min. 3. The current price reaching strong support/resistance zone on at least 2 time frames. (ideally on all 4 timeframes)....
Great! I seem to be doing a lot of bounce trades against support or resistance. So lane one is 21sma, one minute. So even if the 1 minute lane only has a very
small resistance/support Fibonacci level of 20 pips or more you'll place the trade. Then look where you are in the market where you typically want either support or resistance present in at least two time frames.

So initiating the trade is mostly from the 1 minute lane. Makes sense. It's viewing everything at one time. This now is making a lot more sense.

Great stuff...
  • #80
  • Oct 5, 2015 8:14pm Oct 5, 2015 8:14pm
Want to confirm if my set up looks correct:

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 47 KB
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