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Dynamic Fibonacci Grid

  • #81
  • Oct 5, 2015 8:38pm Oct 5, 2015 8:38pm
Quoting san99
Want to confirm if my set up looks correct: {image}
Yeah, it's fine. You can arrange different pairs/grids the way you want.
Test the buttons, to see how everything works, you can play with the settings of the EA to adjust the lots, stop loss, take profit.... trading stop step..... just experiment with different settings and place trades on demo to learn the system. You have to make sure everything works correctly before you trade with real money (if you plan ). After you adjust the settings of the ea according to your strategy just save the chart template, and then you apply that template to every grid/pair.
  • #82
  • Oct 7, 2015 10:49am Oct 7, 2015 10:49am
Alphaomega! Wow this is the most amazing system i ever seen in Forex Factory !
This technique is so fantastic, i dont have to watch charts, i have everything on my price action now!

I have question to you did I good understand:

Is it like that:

Attached Image (click to enlarge)
Click to Enlarge Name: do i understand.png Size: 165 KB


?

BIG THANKS in advice, anyway, you doing good job man!

All best for you!
  • #83
  • Oct 7, 2015 3:48pm Oct 7, 2015 3:48pm
Quoting Mariodrugs
Alphaomega! Wow this is the most amazing system i ever seen in Forex Factory ! This technique is so fantastic, i dont have to watch charts, i have everything on my price action now! I have question to you did I good understand: Is it like that: {image} ? BIG THANKS in advice, anyway, you doing good job man! All best for you!
I agree, it's amazing. Thanks Mariodrugs for posting. This is what I seem to have questions about as well actual chart work leading up to the actual trade. I've read and watched endless videos I like this approach probably the best.
  • #84
  • Oct 7, 2015 5:52pm Oct 7, 2015 5:52pm
Quoting alphaomega
{quote} Yeah, it's fine. You can arrange different pairs/grids the way you want. Test the buttons, to see how everything works, you can play with the settings of the EA to adjust the lots, stop loss, take profit.... trading stop step..... just experiment with different settings and place trades on demo to learn the system. You have to make sure everything works correctly before you trade with real money (if you plan ). After you adjust the settings of the ea according to your strategy just save the chart template, and then you apply that template...

Hi alphaomega.... does this work for DAX? If not, may i know the reason why? if the reason is something we can solve, then I could think of it.... thanks..
  • #85
  • Oct 7, 2015 11:51pm Oct 7, 2015 11:51pm
Quoting winklevanrip
Any idea why I'm getting a grey colored 60M lane for GbpNzd? Everytime I load this pair the 4th lane is gray (background color)? The vertical green line (green) is showing but lane 3 (M15) background is white (whole length of chart) and the 4th lane (60M) is gray. This is the only grid/pair that is doing this. ??
Anybody else get blank H1 lane only on GBPNZD and EURNZD ??
Hi AO, please advise.
Attached Image
  • #86
  • Oct 8, 2015 12:47am Oct 8, 2015 12:47am
Quoting tradeforlife
{quote} Hi alphaomega.... does this work for DAX? If not, may i know the reason why? if the reason is something we can solve, then I could think of it.... thanks..
Your question is answered on the 1st post.

Also note that this grid system is originally designed only for the major FX pairs and major crosses. It will NOT work correctly on other markets!!! (it doesn't work on gold, silver cfd, futures or stock indices......) ONLY FOREX major pairs and crosses! (It works on any pair which contains 2 of these currencies: USD, EUR, JPY, GBP, AUD, CAD, CHF, NZD)
Trade what you see not what you hope
  • #87
  • Oct 8, 2015 4:13am Oct 8, 2015 4:13am
I have another question,
what means that longer horizontal lines on the screen:

Attached Image (click to enlarge)
Click to Enlarge Name: what this lines means.png Size: 40 KB
  • #88
  • Oct 8, 2015 5:16am Oct 8, 2015 5:16am
Quoting Mariodrugs
I have another question, what means that longer horizontal lines on the screen: {image}
See Post#12 on the 1st page.
http://www.forexfactory.com/showthre...10#post8498810
  • #89
  • Oct 8, 2015 5:32am Oct 8, 2015 5:32am
Quoting Thass
{quote} Anybody else get blank H1 lane only on GBPNZD and EURNZD ?? Hi AO, please advise. {image}
Yes I get the same non-colored M60 lane for GbpNzd AND EurNzd. AO any idea why this may be occuring? Thanks.
  • #90
  • Oct 8, 2015 11:12am Oct 8, 2015 11:12am
Quoting cja
{quote} Your question is answered on the 1st post. Also note that this grid system is originally designed only for the major FX pairs and major crosses. It will NOT work correctly on other markets!!! (it doesn't work on gold, silver cfd, futures or stock indices......) ONLY FOREX major pairs and crosses! (It works on any pair which contains 2 of these currencies: USD, EUR, JPY, GBP, AUD, CAD, CHF, NZD)
Yes I read Tay earlier that's why I wanted to know the reason. As this is developed based on fibo and ma's, is it possible to reconfigure for dax? Or that is not at all possible?
  • #91
  • Oct 8, 2015 11:55am Oct 8, 2015 11:55am
Alphaomega or someone, can you post some screens with good entry opportunity?

( on this movies they have different programs, and its all different )

Thanks in advice.
  • #92
  • Oct 8, 2015 12:51pm Oct 8, 2015 12:51pm
Quoting winklevanrip
{quote} Yes I get the same non-colored M60 lane for GbpNzd AND EurNzd. AO any idea why this may be occuring? Thanks.
Yeah, I know about this "bug". It happens when the volatility (the price range) is too big and the trend is too strong(overbought/oversold). So even the largest deviation ratios on the grid doesn't overlap and there is no more color shades to show. When the market start to pull back the grid will look normal again. With my current settings if you see just white color - thats normal, it shows overbought/oversold conditions.
The problem with GBPNZD and EURNZD is that they are very volatile by default. So you will often see the 60m lane like that(with no color) . It's very easy fix, but I didn't care about it because I don't watch or trade these NZD crosses, (and I don't advise you trade them) They are the most expensive pairs and not suitable for scalping. Just stick to the top 10 most liquid pairs, there is plenty of trading opportunities there.
Anyway, I fixed the problem, so if you want you can replace the indicator. ( and don't forget to delete the old .ex4 file.)
Attached File(s)
File Type: mq4 Dynamic Fibonacci Grid v1.1.mq4   17 KB | 1,872 downloads
  • #93
  • Oct 8, 2015 3:41pm Oct 8, 2015 3:41pm
Quoting alphaomega
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)
Sorry I don't understand exactly how to install it.
I have 2 different folders for my current MT4 platform: one is in program files(x86), another is in user/appdata/roaming/metaquotes/terminal/
I don't know if its only me or it is normal (I use windows 7)
Which one should I copy and replace with MT4Terminal.rar?

Edit: I guess I have to create a portable version....and then overwrite Terminal.rar files into it, right?
  • #94
  • Oct 8, 2015 8:43pm Oct 8, 2015 8:43pm
Quoting alphaomega
{quote} Yeah, I know about this "bug". It happens when the volatility (the price range) is too big and the trend is too strong(overbought/oversold). So even the largest deviation ratios on the grid doesn't overlap and there is no more color shades to show. When the market start to pull back the grid will look normal again. With my current settings if you see just white color - thats normal, it shows overbought/oversold conditions. The problem with GBPNZD and EURNZD is that they are very volatile by default. So you will often see the 60m lane like...
Working fine. Appreciated that. Thank you!
  • #95
  • Oct 8, 2015 11:38pm Oct 8, 2015 11:38pm
Quoting alphaomega
{quote} Yeah, I know about this "bug". It happens when the volatility (the price range) is too big and the trend is too strong(overbought/oversold). So even the largest deviation ratios on the grid doesn't overlap and there is no more color shades to show. When the market start to pull back the grid will look normal again. With my current settings if you see just white color - thats normal, it shows overbought/oversold conditions. The problem with GBPNZD and EURNZD is that they are very volatile by default. So you will often see the 60m lane like...
AO, appreciate the fix and your kindness in introducing the grids, etc. Thank you. Everything is running fine however I'm not getting the proper MT4 Sounds after installing. Any ideas?
  • #96
  • Oct 9, 2015 2:33am Oct 9, 2015 2:33am
Finally I managed to make it run. Does it look like it should?

Attached Image (click to enlarge)
Click to Enlarge Name: fibogrid.png Size: 67 KB
  • #97
  • Oct 9, 2015 6:47am Oct 9, 2015 6:47am
Quoting winklevanrip
{quote} AO, appreciate the fix and your kindness in introducing the grids, etc. Thank you. Everything is running fine however I'm not getting the proper MT4 Sounds after installing. Any ideas?
The sounds have nothing to do with the grid indicator! You probably have done something wrong.........I have no idea.
  • #98
  • Oct 12, 2015 12:37am Oct 12, 2015 12:37am
Guys, I made some updates! I fixed a few "bugs" in the code, and also fixed the problems caused by large price ranges. So for anyone who is using my system - I recommend you to download the new files and reinstall the whole setup. (the installation is the same as before, just follow the instructions). Now everything should run smoothly. If you find some other problems - let me know!
I uploaded the new files in the first post.http://www.forexfactory.com/showthread.php?t=558372
  • #99
  • Oct 12, 2015 6:33am Oct 12, 2015 6:33am
Quoting alphaomega
Guys, I made some updates! I fixed a few "bugs" in the code, and also fixed the problems caused by large price ranges. So for anyone who is using my system - I recommend you to download the new files and reinstall the whole setup. (the installation is the same as before, just follow the instructions). Now everything should run smoothly. If you find some other problems - let me know! I uploaded the new files in the first post.http://www.forexfactory.com/showthread.php?t=558372
Thanks, alphaomega! Appreciate your sharing, and your efforts.
  • #100
  • Oct 12, 2015 6:51am Oct 12, 2015 6:51am
Thanks Alphaomega!I installed new version but still seems to have the white area problem on some charts.

Attached Image (click to enlarge)
Click to Enlarge Name: grid2.png Size: 97 KB
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