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Dynamic Fibonacci Grid

  • #161
  • Oct 16, 2015 11:19pm Oct 16, 2015 11:19pm
Quoting minute
Thank you again, another good explanation. I guess the 60 60 trade the guys talk about is an example of a range play. From phase 1 except the range is in the 1 hour box.
Yes. 60x60 is a range setup which happens(sometimes) after phase 5.
Usually it looks like stable range(yellow areas) on 1m and 5m and this whole range is "locked" in a "bracket" between L1 and L2 on 60m. (that's why it's called 60x60) The main condition is to have gap between L1 and L2 at least 20 pips (ideally around 30). And you look to sell on top of the "bracket" or buy at the bottom.
It's a good setup with high win rate, but happens rarely.
There is also 15x15 sometimes after big volatility breakout.
  • #162
  • Oct 16, 2015 11:50pm Oct 16, 2015 11:50pm
Does Someone here has MTF Fibonnaci Levels and Demark's Sequential Indicators for MT4.
  • #163
  • Oct 17, 2015 4:54am Oct 17, 2015 4:54am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting alphaomega
{quote} {quote} 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.
Just to clarify I am not trading this system but it aligns very well with the way I trade. I like the quick and easy view that aims to keep you on the right side of the market and to keep you out when it is in a tighter range. It allows the trader to focus on a limited set of information without relying too much on the past and getting tossed about by the market. I am personally very skeptical of Fibonacci retracements/extensions etc and would not trade with any expectations around them but interestingly the yellow range is very similar to the area where I tend to stay out of the market too. I also like the use of MAs.

I believe that in the hands of a disciplined trader who appreciates the need to cut losses and does his best to stay with the trend of the moment one can be consistently successful.

Regards

Neio
An expert is a man who has made all the mistakes which can be made
  • #164
  • Oct 17, 2015 12:59pm Oct 17, 2015 12:59pm
Great stuff. Since this style of trading is becoming mainstream does anyone know if there is an android app that will run the mt4 trade station using this method. That way trading would become mobile. That would be great.
  • #165
  • Oct 17, 2015 5:27pm Oct 17, 2015 5:27pm
This is great work mate!

It's a shame its built on MT4 or i'd be in like flint.

Maybe for long term trading it would be ok, but anyone who's been around the block knows the nickel and dimming MT4 will do to your account is unacceptable.

Following the thread regardless!

Cheers!
  • #166
  • Oct 17, 2015 6:51pm Oct 17, 2015 6:51pm
Quoting mitch
Great stuff. Since this style of trading is becoming mainstream does anyone know if there is an android app that will run the mt4 trade station using this method. That way trading would become mobile. That would be great.
MT4 Mobile doesn't allow any kind of custom tools (EA/indicators).
MT4/MT5 EAs/Indicators/Alerts coder
  • #167
  • Oct 17, 2015 7:09pm Oct 17, 2015 7:09pm
Quoting FerruFx
{quote} MT4 Mobile doesn't allow any kind of custom tools (EA/indicators).
There was a mt4 connector for the android and it didn't run any ea but did show exactly what your mt4 platform on your pc looks like. Would be nice to duplicate that. The group moved onto hedge trading and shut this link down. Was a shame.
  • #168
  • Oct 17, 2015 7:27pm Oct 17, 2015 7:27pm
Quoting mitch
{quote} There was a mt4 connector for the android and it didn't run any ea but did show exactly what your mt4 platform on your pc looks like. Would be nice to duplicate that. The group moved onto hedge trading and shut this link down. Was a shame.
You are talking about a remote tool to look at your PC screen (ie. team viewer or similar). That's not specific to MT4 I think.
MT4/MT5 EAs/Indicators/Alerts coder
  • #169
  • Oct 17, 2015 8:01pm Oct 17, 2015 8:01pm
Quoting FerruFx
{quote} You are talking about a remote tool to look at your PC screen (ie. team viewer or similar). That's not specific to MT4 I think.
Actually the mt4 connector was an ea that you placed on your trade station. Then you ran the ea and it brought up your trade station mt4 platform. You could place trades and it looked exactly like your trade station. Ill try and find the link again although I believe it's gone now. But thanks for the input.
  • #170
  • Oct 17, 2015 8:17pm Oct 17, 2015 8:17pm
http://www.marketcalls.in/metatrader...id-device.html.

I found it. Just click on link above.

It's run by different people now I feel but accomplishes the task.

Hope this helps to view your mt4 platform as it appears on your pc.
  • #171
  • Oct 18, 2015 7:26am Oct 18, 2015 7:26am
vnc is much more useful than that
Dont Follow The Mass !!!
  • #172
  • Oct 18, 2015 9:09am Oct 18, 2015 9:09am
Quoting mitch
Great stuff. Since this style of trading is becoming mainstream does anyone know if there is an android app that will run the mt4 trade station using this method. That way trading would become mobile. That would be great.
I can't speak for others, but for me, to be honest I find trading from a mobile device impossible.(any device smaller than laptop just doesn't work for me.) The Reasons? Well, there is many but just a few:
1. Not enough screen space. A like to look at all currency pairs at the same time.
2. Navigation is crap in mobile devices.( I hate touch screen) there is nothing better than the accuracy of high quality mouse.
3. I can't run my real time news services. (twitter feeds, audio squawk, news, economic calendar....)
4. Unreliable and slow connection. ( of course this depend on where you are in the world). If you trade from rural area or outside the big city(like me) trading from mobile device can turn into disaster!!
5. When am done with my trading for the day - that's it! I go out, or do something else, and I don't want to think for trading 24/7. With mobile device constantly in your pocket, trading can turn into addiction....Trading can be stressful. And you have give yourself proper time to relax. People who trade for a living know the importance of this, and how much it affects the bottom line.
  • #173
  • Oct 18, 2015 10:15am Oct 18, 2015 10:15am
Quoting HighFivve
{quote} Love you indi bro Do you think maybe you could make it so the user could set the TFs - THANX MAN
Hi,

I changed the indi, so now you can define your own TF's. Should be 4 in quantity.
If not 4 TF's or undefined TF's then get Alert and indi will be aborted.

BR
Huub


Attached File(s)
File Type: mq4 DynamicFibo_V1_1.mq4   31 KB | 1,135 downloads
It is not important how often you fall down, but how often you get up again
  • #174
  • Oct 18, 2015 10:20am Oct 18, 2015 10:20am
Quoting alphaomega
{quote} I can't speak for others, but for me, to be honest I find trading from a mobile device impossible.(any device smaller than laptop just doesn't work for me.) The Reasons? Well, there is many but just a few: 1. Not enough screen space. A like to look at all currency pairs at the same time. 2. Navigation is crap in mobile devices.( I hate touch screen) there is nothing better than the accuracy of high quality mouse. 3. I can't run my real time news services. (twitter feeds, audio squawk, news, economic calendar....) 4. Unreliable and slow connection....
Great insight. I usually just trade the eur/usd pair which isn't that bad but looking at many pairs would certainly be challenging. How do you personally trade, certain hours certain days, certain hours. Do you plan trading around announcements? Thanks. Your other trading blog is excellent as well. This technique is great!
  • #175
  • Oct 18, 2015 12:09pm Oct 18, 2015 12:09pm
Quoting emonts
{quote} Hi, I changed the indi, so now you can define your own TF's. Should be 4 in quantity. If not 4 TF's or undefined TF's then get Alert and indi will be aborted. BR Huub {file}
many thanks for your kind efforts and sharing ;-)
Learn THEN Unlearn
  • #176
  • Oct 18, 2015 12:29pm Oct 18, 2015 12:29pm
Quoting alphaomega
{quote} wow. Looks promising....please go ahead. I always look for improvements.
ok well this (I think) is going to be the first version of erm, my version I wont upload it until tomorrow once I've tested with live ticks. I've dropped your EA onto the chart, hopefully it'll just work along side ok.

I've ended up creating the UI in a DLL, just found it easier to layout etc rather then MQL4, so hope that won't put anyone off using it. I'll create an installer that'll drop everything into the correct folders which should make easier for folks to install.

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2015-10-18 at 18.24.11.png Size: 175 KB


Oh and notice how I've used the Yellow zone - looks better than white!
  • #177
  • Oct 18, 2015 12:41pm Oct 18, 2015 12:41pm
AO - Thank you for posting this EA for everyone! It has provided me a fresh perspective on FX trading!
  • #178
  • Oct 18, 2015 1:19pm Oct 18, 2015 1:19pm
Quoting superjolt
{quote} ok well this (I think) is going to be the first version of erm, my version I wont upload it until tomorrow once I've tested with live ticks. I've dropped your EA onto the chart, hopefully it'll just work along side ok. I've ended up creating the UI in a DLL, just found it easier to layout etc rather then MQL4, so hope that won't put anyone off using it. I'll create an installer that'll drop everything into the correct folders which should make easier for folks to install. {image} Oh and notice how I've used the Yellow zone - looks better...
Hey superjolt theres a few of us discussing your changes on skype. While we all love the proposed changes but we were wondering why you have decided to drop the boxes and replace with these lines? The original concept was super clean to the eye and the colours worked well.
  • #179
  • Oct 18, 2015 1:56pm Oct 18, 2015 1:56pm
Thanks superjolt! Great work, with the charts on the side is much easier to understand where we are.
I liked your previous layout too, maybe it's just my eyes, but the clean version with little boxes and less lines seems more pleasant for the eyes.
  • #180
  • Oct 18, 2015 3:09pm Oct 18, 2015 3:09pm
Hey guys - sure I can revert back to the boxes, I can make it an option in the settings to have either.. I kind of prefer it because they just seemed to stand out more, but I can see what you're saying.

- Totally forgot to mention however - the Orange lines are the roadblocks (that is optional)
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