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Dynamic Fibonacci Grid

  • #421
  • Nov 4, 2015 6:22pm Nov 4, 2015 6:22pm
Quoting alphaomega
I added optional feature to display the highest and lowest price for the day. These are important levels (the big players often watch these levels and trade around them) so it always helps to know when the price makes new high or low for the day. Also they serve as good reference points. {file} {image}
Wonderful job. Thanks.
Love for all; Hatred for none.
  • #422
  • Nov 5, 2015 12:51pm Nov 5, 2015 12:51pm
I made a few minor improvements and also added the option to display the daily range and daily change in pips in the upper left corner. Previously I used to watch this info on another separate platform/chart. But the goal is to integrate all necessary info in one place.

Attached Image


Attached File(s)
File Type: rar EA + Template.rar   77 KB | 986 downloads
  • #423
  • Nov 5, 2015 1:00pm Nov 5, 2015 1:00pm
Just keeps getting better.
Are you able to add additional time frames at any time in the future.
i.e: 4hr, 1D..?
  • #424
  • Nov 5, 2015 1:12pm Nov 5, 2015 1:12pm
Quoting hardpippin
Just keeps getting better. Are you able to add additional time frames at any time in the future. i.e: 4hr, 1D..?
Sure, I can add all timeframes....but you don't really need more than four (too much info, leads to analysis paralysis ) Anything above 60m is useless for scalping anyway.
The 60 min "lane" on the grid shows the trend for the last few days. That's more than enough for intraday trading.
  • #425
  • Nov 5, 2015 1:24pm Nov 5, 2015 1:24pm
Quoting alphaomega
I made a few minor improvements and also added the option to display the daily range and daily change in pips in the upper left corner. Previously I used to watch this info on another separate platform/chart. But the goal is to integrate all necessary info in one place. {image} {file}


You are amazing!! (Has anyone told you that?) Hahaha

I have to say, this more perfect every day!

Thank you for being able to share that with us, no doubt shadow, has no price to pay for it. (learn and share)
Best Regards! DaniP.
  • #426
  • Nov 5, 2015 1:32pm Nov 5, 2015 1:32pm
Quoting alphaomega
{quote} Sure, I can add all timeframes....but you don't really need more than four (too much info, leads to analysis paralysis ) Anything above 60m is useless for scalping anyway. The 60 min "lane" on the grid shows the trend for the last few days. That's more than enough for intraday trading.
Hmmm.. Interesting point.After all, You're right it is a scalper's tool.;-)
  • #427
  • Nov 5, 2015 7:26pm Nov 5, 2015 7:26pm
Quoting alphaomega
I made a few minor improvements and also added the option to display the daily range and daily change in pips in the upper left corner. Previously I used to watch this info on another separate platform/chart. But the goal is to integrate all necessary info in one place. {image} {file}
Great Ty.

KC.
  • #428
  • Nov 6, 2015 6:55pm Nov 6, 2015 6:55pm
Quoting Retlaw
{quote} Here is the update: - Added the box like asked. - Added some additional color schemes I included a profile as an example. Enjoy! Walter {file} {image} {image}
Hey Retlaw,

Do you have maybe a pdf that explains exactly how to use your walt trade manager. It's an interesting concept and I particularly like how close the fibonacci grid is to the candles. I've been placing trades and I have no idea what I'm doing. I just don't understand its inner workings. I'm glad I'm using a demo account.

Thanks for your ea and your help...

  • #429
  • Edited 2:00am Nov 7, 2015 1:46am | Edited 2:00am
For newbies.

An Intro to the fib lanes... as some cant be bothered to look through the thread from the beggining.


Inserted Video


Inserted Video




Dont forget, we have a skype room too.

https://join.skype.com/aON6fA7i6tc2
Come, participate and learn together.
  • #430
  • Edited 2:45am Nov 7, 2015 2:13am | Edited 2:45am
Bounce Trade...


Inserted Video





Does not matter which platform you use, The concept IS the same!

I personally run both Alpha's and SuperJolt's Side by side.
  • #431
  • Nov 7, 2015 2:52am Nov 7, 2015 2:52am
Recap for trade decision (Courtesy of AlphaOmega)

http://www.forexfactory.com/attachme...9&d=1444232887

:-)


5 Minute Trend Trade 1:
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5 Minute Trend Trade 2:
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5 Minute Trend Trade 3:
Inserted Video



Surely thats got to be enough info to get you up and running..
;-)
  • #432
  • Nov 8, 2015 6:52am Nov 8, 2015 6:52am
Nice Hardpippin.


First time when I watched this did not understand anything.

Second time a bit.

Third time understood to check the multi time frame lanes.

Fourth time the phase - 3 started coming in my dreams

Now my sunday morning routine. Watching this for the 6th time.

So if anyone is new here..... just hang on .. watch it again and again.. and you will see the HOLLY GRAIL poping up from the screen.

I was watching few times in my laptop.

Then hooked my laptop to my 65 inch TV, that did the trick. Was big and clear.

KC.
  • #433
  • Nov 8, 2015 8:27am Nov 8, 2015 8:27am
it would be great for further reference to link the few posts above with the videos in the post #1 ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #434
  • Nov 8, 2015 9:50am Nov 8, 2015 9:50am
As promised, here is my version of the Fib Grids. My goal for this indicator was to create something similar to Tiger Girds that would make learning the method easier (less visual translation). Some people may not like this template because the lanes are wider and hence fewer pairs can fit in the screen. However, This is the way Tiger Grids are setup and I think for learning this is not an issue because it is likely best to focus on a just few pairs especially when learning. Cheers.

Oh, and the other thing I did was to change my default template to include the 21, 34, and 233 SMAs. That way new time charts always open with the SMAs included, and I can look for new LL and HH, etc.


Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2015-11-08 at 10.41.45 AM.jpeg Size: 215 KB


Indicators (empty window is required if you want to attach the trade manager. It just houses an empty window at the bottom of the chart).
Attached File(s)
File Type: mq4 Dynamic Fibonacci Grid SciMod.mq4   38 KB | 1,325 downloads

Attached File(s)
File Type: mq4 FibGrid_emptywindow.mq4   2 KB | 1,193 downloads


Trade manager (place in EA folder)
Attached File(s)
File Type: mq4 FibGrid_TradeManager.mq4   20 KB | 1,287 downloads


My template
Attached File(s)
File Type: tpl !FibGrids.tpl   69 KB | 1,105 downloads
  • #435
  • Nov 8, 2015 10:40am Nov 8, 2015 10:40am
Also if anyone is trying to set up their grids on the weekend, they will soon realize that they need incoming ticks to get everything looking right. I use FX1's MT4Ticker to send my platform ticks over the weekend. This also works for getting offline charts working n the weekend.
  • #436
  • Nov 8, 2015 11:54am Nov 8, 2015 11:54am
Quoting alphaomega
I made a few minor improvements and also added the option to display the daily range and daily change in pips in the upper left corner. Previously I used to watch this info on another separate platform/chart. But the goal is to integrate all necessary info in one place. {image} {file}
Beautifful, Brother alphaomega.......
I like to Fibo, you have an idea about the dynamic Fibo ...
This looks very interesting, Brother alphaomega...
Regard, Ding Dong
  • #437
  • Nov 8, 2015 2:18pm Nov 8, 2015 2:18pm
Can someone please explain why the ea is not showing the grid.
Attached Image (click to enlarge)
Click to Enlarge Name: blank.jpg Size: 151 KB
  • #438
  • Nov 8, 2015 2:52pm Nov 8, 2015 2:52pm
Quoting sradia
Can someone please explain why the ea is not showing the grid. {image}
Wait for the market to open......
  • #439
  • Edited 6:15pm Nov 8, 2015 6:00pm | Edited 6:15pm
I just want to say: WOW! This way of looking at the markets seems so simple and logical, that it makes anyone wonder why not everybody is doing it already.
Thank you alphaomega for the thread and everything! And also to Sciurus for sharing your new indicator, which includes the L1, L2 etc. as in the last videos and is very very useful !

As another mather of fact, as a feedback from a novice like me in this approach: although I've seen the videos the practical applicability of them kinda sleeps through my fingers for now I hope I will grasp it at some moment in time, but even if I will not succeed this new approach shared by alphaomega was an eye opener for me.

Good luck with your trading,
Dragos
  • #440
  • Nov 8, 2015 10:16pm Nov 8, 2015 10:16pm
Very interesting..following.
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