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Dynamic Fibonacci Grid

  • #101
  • Edited 1:17pm Oct 12, 2015 12:11pm | Edited 1:17pm
Quoting Ainur
Thanks Alphaomega!I installed new version but still seems to have the white area problem on some charts. {image}
Looks like you are running the old setup! Don't forget that you have to instal MT4 in portable mode and then replace the default folders with my preset folders.
  • #102
  • Oct 12, 2015 3:25pm Oct 12, 2015 3:25pm
Quoting alphaomega
{quote} Looks like you are running the old setup! Don't forget that you have to instal MT4 in portable mode and then replace the default folders with my preset folders.
Thats what I did it. I replaced the old version with the fixed one, don't know why but didn't work, so I fully deleted the portable folder, disinstalled MT4 and reinstalled from zero. At this point instead of creating a portable version I copied your files directly into the Data Folder of Mt4 in user/appdata/roaming/etc...It seems working now.
  • #103
  • Oct 12, 2015 4:00pm Oct 12, 2015 4:00pm
Can someome put here screens with good entry points ? The movies are different loooks.
  • #104
  • Edited 3:58am Oct 13, 2015 2:46am | Edited 3:58am
Is this a legit trend trade on M1 + H1 box? Or for trend trade H1 box shouldn't be there but lower?

Attached Image

Edit: closed +10
  • #105
  • Oct 13, 2015 4:12am Oct 13, 2015 4:12am
Quoting Ainur
Is this a legit trend trade on M1 + H1 box? Or for trend trade H1 box shouldn't be there but lower? {image} Edit: closed +10
which Box ?
  • #106
  • Oct 13, 2015 4:42am Oct 13, 2015 4:42am
Quoting Mariodrugs
{quote} which Box ?
Hi Mario. tick lines (green or red) are referred as "boxes" because in the original version are indicated by little box on the grid and rapresent 21 and 34 moving average in every column (21 light and 34 dark color). See post #29.
I am still trying to learn some basic setups. Anyway I think my setup is not the typical trend setup because H1 box should maybe be below M15 and M5 boxes, I'm not sure.
It would be nice if we and some expert like Alphaomega could post some setup to help learning and understanding correctly.
  • #107
  • Oct 13, 2015 4:58am Oct 13, 2015 4:58am
Quoting Ainur
{quote} Hi Mario. tick lines (green or red) are referred as "boxes" because in the original version are indicated by little box on the grid and rapresent 21 and 34 moving average in every column (21 light and 34 dark color). See post #29. I am still trying to learn some basic setups. Anyway I think my setup is not the typical trend setup because H1 box should maybe be below M15 and M5 boxes, I'm not sure. It would be nice if we and some expert like Alphaomega could post some setup to help learning and understanding correctly.
Ah yes, iam learning it too, Iam taking buy positions exacly like your behind all this 'cars'
  • #108
  • Oct 13, 2015 5:11am Oct 13, 2015 5:11am
Attached Image


Maybe this could make a trend trade setup.
  • #109
  • Oct 13, 2015 7:51am Oct 13, 2015 7:51am
Guys, you should be careful with the entry points! ..With this grid system most of the time it's very easy to determine the overall direction/bias of the market. You clearly see when it's trending or ranging. The hard part is the entry timing. Most of the time it's not a good idea to chase the price when it's going up, or down because often you will buy the high and sell the low! It's usualy better to wait for pullback and enter around the averages. Do Not chase the crowd. Also it's always better to catch the the trend in early stage, before it becomes overbought/oversold. The first and the second pullbacks in new trend have the highest probability for success

Always look for some tension in the price. The goal is to buy/sell at levels where most people are scared or have doubts. During trends this happens during the pullbacks. People tend to get emotional and interpret every little correction as reversal and they chase it only to see the position almost immediately going in the red. Do Not make this common mistake! On the grid there is specific pattern for the reversal setup. So If you don't see this pattern, then you have higher probability for trend continuation. Very important to make the distinction between temporary correction and complete reversal.

A small correction during trend will not change the alignment between time frames (1m leading followed by 5m, 15m, 60m)
A complete reversal will create "v" shape pattern(or reverse V") where 1m L1 and L2 are falling below 5m L1,L2(5m will be the highest/lowest).
The"big brother"of the reversal on 5m is the the "Reverse Vanilla". It happens when you have strong major trend on 60m, but 1m, 5m and 15m are in vanilla setup(trend) going against the 60m trend.....( the 60 min L1 and L2 will be the highest/lowest)

Over time you will naturaly start to see the patterns.... With experience they just become obvious because normally there is just chaos in the market and no clear direction...... and from time to time you will see some order in the grid. That's where the probabilities are in your favour.
  • #110
  • Oct 13, 2015 8:14am Oct 13, 2015 8:14am
Alphaomega could you post some pictures of what you said?
In the video of forexmalibu seems he chase price entering on small pullback on m1 or m5 box. By the way he doesnt explain very much about the strategy those video are mainly for advertising purpose not educational.
What is the most common and basic setup we can learn and trade on daily basis to start with?
  • #111
  • Oct 13, 2015 9:23am Oct 13, 2015 9:23am
Quoting Ainur
Alphaomega could you post some pictures of what you said? In the video of forexmalibu seems he chase price entering on small pullback on m1 or m5 box. By the way he doesnt explain very much about the strategy those video are mainly for advertising purpose not educational. What is the most common and basic setup we can learn and trade on daily basis to start with?
Unfortunately I don't have pictures with examples. I will try to make some screen shots in the future, but I am not sure this will help you. More likely you will get confused.
You just have to observe the grids in real time and watch the patterns while they develop. You have to understand the sequence of the events. This is the best way to learn. Nobody can teach you how to trade exactly. You just have to learn by practice. It's alot of work and screen time, and Not easy..... But once you learn the patterns, you no longer think much about it. You will just start to react instantly when you spot good situation, instead of analyzing and guessing where the marker is going. It all comes naturally with time.
Use the demo (or live micro account) to learn! In the beginning, just trade every single setup. Just experiment with different strategies, and you will see what works for you and what doesn't.
In terms of basic trade setups to start with......... there is only 6 major setups, but each has with many different variations.(no two are the same)
The "easiest" setup to start with is the trend setup(vanilla). The counter trend (bounce trade) is also easy to spot , but a little bit harder to trade, also with lower risk:reward potential.
The range setups, are OK to trade and easy to spot, but they are very slow(you can fall asleep with them )
The reversals are tricky. You will learn them later.

But again, you have to find what works for you.
  • #112
  • Oct 13, 2015 9:35am Oct 13, 2015 9:35am
Quoting KCV
Nzd/Usd and Nzd/Jpy opend up. Any one trading this.
I think we have to create separate thread for trade ideas and trading discussion with the grid method.
I want to keep this thread only for the technical stuff relating to the software/platform.
  • #113
  • Oct 13, 2015 9:44am Oct 13, 2015 9:44am
Quoting alphaomega
{quote} I think we have to create separate thread for trade ideas and trading discussion with the grid method. I want to keep this thread only for the technical stuff relating to the software/platform.

OOPS... Sorry... Wont post anymore.

Make sense.

I will delete all my post.

Ty for all your work.

KC.
  • #114
  • Oct 13, 2015 10:27am Oct 13, 2015 10:27am
I made separate thread for trade ideas, discussions..... and anything related to trading with this method. Everyone is welcome.
http://www.forexfactory.com/showthre...55#post8538055
  • #115
  • Oct 13, 2015 10:54am Oct 13, 2015 10:54am
Quoting alphaomega
I made separate thread for trade ideas, discussions..... and anything related to trading with this method. Everyone is welcome. http://www.forexfactory.com/showthre...55#post8538055
Great. TY.
  • #116
  • Oct 13, 2015 1:42pm Oct 13, 2015 1:42pm
Quoting alphaomega
I don't have template for the charts, simply because I don't use charts. I only check from time to time the daily/weeky charts (simple candlesticks) mainly before and after the trading day. During the trading sessions my focus is on the grids and the current price. Now just to clear the terminology in order to avoid misunderstanding: About the horizontal levels - the thick horizontal green and red lines on my grid correspond to the green/red "boxes" on the original version. (they represent 21 and 34 sma) These are the most important levels. The...
Hi alphaomega,

Thanks for sharing your system.
I'm not too familiar with the various setups and wondered if it would be possible to code an alert into the indicator when a potential setup is forming or
if there is a current setup?

Many Thanks
Asw
  • #117
  • Oct 13, 2015 3:49pm Oct 13, 2015 3:49pm
Quoting Asw
{quote} Hi alphaomega, Thanks for sharing your system. I'm not too familiar with the various setups and wondered if it would be possible to code an alert into the indicator when a potential setup is forming or if there is a current setup? Many Thanks Asw
Sure, anything is possible. The traders in the Malibu trade room did this a few years ago. We can build something similar.......
But to be honest, I don't see any real value in the alert system. I can look at the grids and spot any setup in 2 sec. I don't need any alerts. Maybe some new traders will find alerts useful......But still I believe you have to learn to read the Grid and the price action in real time, and manually identify the patterns, instead of relying on external software to give you signals. To be successful, every trader have to develop real skills and experience. There is no better way to beat the market. Remember that in this business there are no shortcuts!
  • #118
  • Oct 13, 2015 4:21pm Oct 13, 2015 4:21pm
Hi alphaomega,

Yes, I agree you can't learn from signals, just thought it would be easier to recognize when there is a setup.
Would be nice if we had a screen shot of various setup's as we move forward.

Thanks
Asw
  • #119
  • Oct 13, 2015 5:00pm Oct 13, 2015 5:00pm
To build good alert system from scratch is A LOT of work! I'm definitely not going to do it. I just don't have time for this. And don't think that it's worth the effort anyway. Here you can see the alert system made by the guys from the Malibu trade room. These videos are actually very useful for traders who are not familiar with the grid system, because they show the necessary general conditions for each trading pattern. Watch them!
Inserted Video

Inserted Video

Inserted Video

Inserted Video
  • #120
  • Oct 13, 2015 6:34pm Oct 13, 2015 6:34pm
Hi Alpha,

All the videos in this thread and in youtube explains about the original grid screen shots.

Is there anything with our grid as example.

Its so confusing looking at that and then to analyze ours. (Basically its because I don't all the color horizontal bars in ours)

Again thanks for everything you do here.

KC.
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