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Dynamic Fibonacci Grid

  • #121
  • Oct 13, 2015 7:19pm Oct 13, 2015 7:19pm
Quoting KCV
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.
Yeah it's a bit confusing at first........but all "different" versions of the fibo grid represent exactly the same thing! All calculations are the same. Same concept, same levels, same everything........Just don't focus on the way the grid looks. Try to focus on concepts and the general conditions. The different patterns and alignments of the levels across multiple time frames. Think about levels, trends, "clear roads', reversals, ranges, zones of support and resistance.......... not about colors and shapes.
  • #122
  • Oct 13, 2015 7:35pm Oct 13, 2015 7:35pm
Quoting alphaomega
{quote} Yeah it's a bit confusing at first........but all "different" versions of the fibo grid represent exactly the same thing! All calculations are the same. Same concept, same levels, same everything........Just don't focus on the way the grid looks. Try to focus on concepts and the general conditions. The different patterns and alignments of the levels across multiple time frames. Think about levels, trends, "clear roads', reversals, ranges, zones of support and resistance.......... not about colors and shapes.
True I agree.

What I actually meant is, Example say I am watching a video you posted and it says wait to enter the white box. When I check our chart I should know what is the equal for that in our chart. this is just an example.

What is L1 and L2 in our chart.. Like that.

Thanks.
KC.
  • #123
  • Oct 13, 2015 8:03pm Oct 13, 2015 8:03pm
Hi Alpha,

I felt I am missing something here.

So, I started reading all you post from page one and found your explanation for the horizontal bars.

Also some how I missed your link for different setups.

Do you use those moving averages?

Still plenty to read about the setups.

Thanks.
KC.
  • #124
  • Oct 13, 2015 8:13pm Oct 13, 2015 8:13pm
Hi Alpha,

From your definition, What I understood is when you have the vertical line RED or Green in all the time frames, then its a potential trade.

It means we are with the trend.

I have attached a usd/jpy current chart.

Here i can see all RED vertical formation.

Potential down trend.

But in the afternoon, I noticed when this kind of vertical bar display's, when the price comes closer to the vertical bar it disappears.

So, this definition is only to check the potential entry is it. Once when you r in the trade then if the vertical bar disappears then do you still be in the trade.

Also i notices all Malibu videos, its all 10-20 pips scalping trade. Do you use this system only for scalping. Do you run your long term trade based on the grids.

Thanks.
KC.
  • #125
  • Oct 13, 2015 8:14pm Oct 13, 2015 8:14pm
Quoting KCV
Hi Alpha, I felt I am missing something here. So, I started reading all you post from page one and found your explanation for the horizontal bars. Also some how I missed your link for different setups. Do you use those moving averages? Still plenty to read about the setups. Thanks. KC.
What do you mean?
  • #126
  • Oct 13, 2015 8:23pm Oct 13, 2015 8:23pm
Quoting KCV
Hi Alpha, From your definition, What I understood is when you have the vertical line RED or Green in all the time frames, then its a potential trade. It means we are with the trend. I have attached a usd/jpy current chart. Here i can see all RED vertical formation. Potential down trend. But in the afternoon, I noticed when this kind of vertical bar display's, when the price comes closer to the vertical bar it disappears. So, this definition is only to check the potential entry is it. Once when you r in the trade then if the vertical bar disappears...
Well this is a method designed for intraday trading and scalping! Not very suitable for longer term. So, yes, on most trades we are looking to take 5 -20 pips. You have to be humble about trading and set realistic targets. Something that is achievable, something that can be made almost every day.
  • #127
  • Oct 13, 2015 8:35pm Oct 13, 2015 8:35pm
Quoting alphaomega
{quote} Well this is a method designed for intraday trading and scalping! Not very suitable for longer term. So, yes, on most trades we are looking to take 5 -20 pips. You have to be humble about trading and set realistic targets. Something that is achievable, something that can be made almost every day.
Hi Alpha,

I clearly understand that.

I am happy if I can make 5 pips every day

Just thought of asking you if you use this for long term that's all. I did not mean to question about the system.

I really like this and already made some good trades and pips.

Thanks
KC.
  • #128
  • Oct 14, 2015 2:19am Oct 14, 2015 2:19am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Hi AO,

Just wanted to pop-in to say that I really like the grid chart idea and the way you have implemented it in mt4. It is a quick and easy way to see what is where. Also like the your reference point of the h1 candle. Great work.

Regards

Neio
An expert is a man who has made all the mistakes which can be made
  • #129
  • Oct 14, 2015 4:45am Oct 14, 2015 4:45am
Hello AO,

I want to thank you for sharing your fib software.

I trade the 30m charts using a fib strategy, so I've modified the time lanes to 5, 15, 60 and 240m since this suits my time frame better.
I've also added daily, weekly and monthly pivot levels to the lanes together with BRN levels.

I can now see at a glance where confluence occurs and it has greatly enhanced my decision making process on whether or not to enter a trade.

Thank you again.
  • #130
  • Oct 14, 2015 8:29am Oct 14, 2015 8:29am
Quoting Neio
Hi AO, Just wanted to pop-in to say that I really like the grid chart idea and the way you have implemented it in mt4. It is a quick and easy way to see what is where. Also like the your reference point of the h1 candle. Great work. Regards Neio
Quote
Hello AO,
I want to thank you for sharing your fib software.
I trade the 30m charts using a fib strategy, so I've modified the time lanes to 5, 15, 60 and 240m since this suits my time frame better.
I've also added daily, weekly and monthly pivot levels to the lanes together with BRN levels.
I can now see at a glance where confluence occurs and it has greatly enhanced my decision making process on whether or not to enter a trade.
Thank you again.

Yes, it's a very good technical system. A really different way to look at price action. A few years ago I changed my trading style and switched to this method and never looked back. It works for me, it works for many other traders and I hope it can work for you too. I'm glad you like the concept and hope all of you to make some money with this method.
  • #131
  • Oct 14, 2015 9:30am Oct 14, 2015 9:30am
Quoting voyager2
Hello AO, I want to thank you for sharing your fib software. I trade the 30m charts using a fib strategy, so I've modified the time lanes to 5, 15, 60 and 240m since this suits my time frame better. I've also added daily, weekly and monthly pivot levels to the lanes together with BRN levels. I can now see at a glance where confluence occurs and it has greatly enhanced my decision making process on whether or not to enter a trade. Thank you again.
I like the idea of the pivot points as well as confluence points. Could you share your indicator or template with us. The 240 timedrame is intriguing as well.Thanks
  • #132
  • Oct 14, 2015 10:18am Oct 14, 2015 10:18am
Hello mitch,

I have never uploaded files to FF before, so I hope this works.

2 files have uploaded OK but I can't get the 3rd one to comply; anyway it's called SweetSpotsGOLD and should be easily found on the net. It draws lines at user-specified price intervals.

I find that price generally respects the fib demarcation lines more than the MA lines and if you get confluence at those levels it's strong support/resistance.

Changing the times of the lanes is easily done in MetaEditor.
Attached File(s)
File Type: ex4 AutoPivotIndicator_ver5.ex4   32 KB | 817 downloads
File Type: ex4 Daily-Weekly-Monthly Hi-Low4.ex4   26 KB | 841 downloads
  • #133
  • Oct 14, 2015 12:29pm Oct 14, 2015 12:29pm
Quoting voyager2
Hello mitch, I have never uploaded files to FF before, so I hope this works. 2 files have uploaded OK but I can't get the 3rd one to comply; anyway it's called SweetSpotsGOLD and should be easily found on the net. It draws lines at user-specified price intervals. I find that price generally respects the fib demarcation lines more than the MA lines and if you get confluence at those levels it's strong support/resistance. Changing the times of the lanes is easily done in MetaEditor. {file} {file}
Thanks voyager!
  • #134
  • Edited 4:24pm Oct 14, 2015 2:05pm | Edited 4:24pm
Quoting voyager2
Hello mitch, I have never uploaded files to FF before, so I hope this works. 2 files have uploaded OK but I can't get the 3rd one to comply; anyway it's called SweetSpotsGOLD and should be easily found on the net. It draws lines at user-specified price intervals. I find that price generally respects the fib demarcation lines more than the MA lines and if you get confluence at those levels it's strong support/resistance. Changing the times of the lanes is easily done in MetaEditor. {file} {file}
Thank you voyager - very good indicators
Attached is one that does the daily, weekly and monthly pivots, and shows where the lines were historically, nice for looking back in time.

Thanks to Alphaomega for sharing this system - trying to get the hang of it, was able to put it all on one platform with two monitors.
Attached Image (click to enlarge)
Click to Enlarge Name: DWM pivots.png Size: 38 KB
Attached File(s)
File Type: ex4 DWMPivots.ex4   21 KB | 701 downloads
  • #135
  • Oct 14, 2015 7:33pm Oct 14, 2015 7:33pm
Quoting emonts
Hi, source file BR {file}
Love you indi bro Do you think maybe you could make it so the user could set the TFs - THANX MAN
Learn THEN Unlearn
  • #136
  • Oct 15, 2015 6:22am Oct 15, 2015 6:22am
Can someone please explain how to set this up...I've downloaded the rar and I see two MT4 folders 1 and 2...what do I do with them exactly​
  • #137
  • Oct 15, 2015 7:00am Oct 15, 2015 7:00am
Quoting minute
Can someone please explain how to set this up...I've downloaded the rar and I see two MT4 folders 1 and 2...what do I do with them exactly​
The easiest way would be to read post #1 ... and follow the instructions ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #138
  • Oct 15, 2015 7:43am Oct 15, 2015 7:43am
Maybe I'm temporarily intellectually challenged...I'll go away for a while and see if I become smarter.


I​ did. It seems someone else was also having difficulties so maybe it's not so obvious..
  • #139
  • Oct 15, 2015 12:28pm Oct 15, 2015 12:28pm
This is work in progress, as to be honest, I'm finding this method difficult to trade, but that's probably just down to me Anyway, I've taken the original concept AND the OP's indicator and have built another indicator to get it to look closer to the videos. There's no EA or anything, but I'm adding features such as highlighting roadblocks, displaying the Pip distance from price and being able to zoom in/out. I've also shaded up trends in green and down trends in red. If I can get the time and people want it, I'll finish it off and upload it - WITH the OP's permission of course as I don't want to detract from the original system.

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2015-10-15 at 18.20.50.png Size: 175 KB
  • #140
  • Oct 15, 2015 12:46pm Oct 15, 2015 12:46pm
Quoting hottab
If a new build is not started, that the earlier build https://drive.google.com/open?id=0B7...3hOeVdaNGY5SkU In order to work on your broker, you must copy the folder in the configuration of mt4 alpari765. Run the BAT file.
thanks hottab very much
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