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Dynamic Fibonacci Grid

  • #481
  • Nov 15, 2015 9:55am Nov 15, 2015 9:55am
Quoting Jk.
{quote} I think that's an mt5 option?
That's MT4 ... I don't use MT5.
MT4/MT5 EAs/Indicators/Alerts coder
  • #482
  • Nov 15, 2015 1:05pm Nov 15, 2015 1:05pm
Quoting FerruFx
{quote} That's MT4 ... I don't use MT5.
Hi FerruFX,

could you tel me what build you are currently at? i am on Global Prime's 902 build.


Jay
  • #483
  • Nov 15, 2015 2:05pm Nov 15, 2015 2:05pm
Quoting Jk.
anybody having a solution for me to keep the smileyface while changing timframes? Now i have to reload the template everytime i switch timeframes. regards, Jay {image}
Change your experts setting to reflect your needs. If its active on the chart. Select your expert properties and make changes.
  • #484
  • Nov 15, 2015 5:31pm Nov 15, 2015 5:31pm
Quoting Jk.
{quote} Hi FerruFX, could you tel me what build you are currently at? i am on Global Prime's 902 build. Jay
902 here ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #485
  • Nov 16, 2015 9:14am Nov 16, 2015 9:14am
thx Peter for the excellent summary of the grid versions.

I am trying this for other than the Major Fx pairs for which all you guys share your experiences.
In my country we can't trade these FX Pairs.

As AO said the suits the Fx ONLY, I am not using his ea/indi.
Superjolt's , with some modifications of the parameters I 'ma able to get levels and am trying. Seems quite useful & would stick it.
Yes, Sciurus indi seems good , but aam unable to get the grid views for the symbols I trade ( they are not FX)

Typical prices are like - 20000, 9000, 3000, 300 ...

Thanks SuperJolt , AO & Sciurus..
  • #486
  • Nov 16, 2015 4:15pm Nov 16, 2015 4:15pm
Quoting superjolt
MoneyLanes v1.10: - Zoom slider now shows the pip range as you move it - The active chart timeframe is underlines above the appropriate lane - Added parameter to specify chart is being an Index so as to display using the correct decimal places - Option to display the Ask line - MA price markers have slightly shorted lines to differentiate between the Fib zones - Option to specify a file path to the screenshots. If specified, the dialog will not appear and use a filename based on the symbol + datetime - Option to display the prices levels for the...
Hi superjolt, indicator looks beautiful, any idea why i might get an "initialization failure (1) when I apply the monery lanes template ?

Thanks

Paul
  • #487
  • Nov 16, 2015 6:48pm Nov 16, 2015 6:48pm
Anyone working on thier 5% per day wins?
  • #488
  • Nov 16, 2015 11:33pm Nov 16, 2015 11:33pm
Hi AO,

I would like to know what is the use of the black line in the attached photo, I tried to know the purpose of this line but i can not.
Attached Image (click to enlarge)
Click to Enlarge Name: Test.jpg Size: 59 KB
  • #489
  • Nov 17, 2015 10:28am Nov 17, 2015 10:28am
Quoting htawfik
Hi AO, I would like to know what is the use of the black line in the attached photo, I tried to know the purpose of this line but i can not. {image}
it is chart slider..
  • #490
  • Nov 18, 2015 9:14am Nov 18, 2015 9:14am
Good Morning Guys;

@AO

I need you to tell me one thing... fibo lines are calculated as pivots fibonacci, or are calculated on retraction fibonacci (0% - 23.6% - 38.2% - 50% - 61.8% and 100% ) (and extensions 161.8% - 261.8% and 423.6%)?
(on the dynamic grid).

Danilo.
Best Regards! DaniP.
  • #491
  • Nov 18, 2015 2:38pm Nov 18, 2015 2:38pm
Quoting danip
good morning guys; @ao i need you to tell me one thing... Fibo lines are calculated as pivots fibonacci, or are calculated on retraction fibonacci (0% - 23.6% - 38.2% - 50% - 61.8% and 100% ) (and extensions 161.8% - 261.8% and 423.6%)? (on the dynamic grid). Danilo.

1.618
1.618 / 1.618 = 1
1.618 * 1 = 1.618
1.618 * 1.618 = 2.617924
2.617924 * 1.618 = 4.235801032
4.235801032 * 1.618 = 6.853526069776
6.853526069776 * 1.618 = 11.089005180897568
11.089005180897568 * 1.618 = 17.942010382692265024
17.942010382692265024 * 1.618 = 29.030172799196084808832
29.030172799196084808832 * 1.618 = 46.970819589099265220690176
46.970819589099265220690176 * 1.618 = 75.998786095162611127076704768
  • #492
  • Nov 18, 2015 2:42pm Nov 18, 2015 2:42pm
Quoting alphaomega
{quote} 1.618 1.618 / 1.618 = 1 1.618 * 1 = 1.618 1.618 * 1.618 = 2.617924 2.617924 * 1.618 = 4.235801032 4.235801032 * 1.618 = 6.853526069776 6.853526069776 * 1.618 = 11.089005180897568 11.089005180897568 * 1.618 = 17.942010382692265024 17.942010382692265024 * 1.618 = 29.030172799196084808832 29.030172799196084808832 * 1.618 = 46.970819589099265220690176 46.970819589099265220690176 * 1.618 = 75.998786095162611127076704768

I understand, this being calculated by the standard form of the Fibonacci method.

ps: I thought maybe it could be the pivot of fibo.
Best Regards! DaniP.
  • #493
  • Nov 19, 2015 9:08am Nov 19, 2015 9:08am
Hi Guys,

I've been testing this system for rougly two weeks now. I've seen the videos before and have studied the strategy, but wasn't willing to pay 4-5K for the software. I attempted with a copy from Forex-TSD about a year ago, but without much success. Last week I was very conservative and made positive pips, but only hit my target of 25 pips a day once, the other days I closed at +10 or +15. This week hasn't been successful at all. Today was the third day I've hit my max loss for the day (-25 pips) and it really had an effect on my confidence regarding this system.

I don't know how active people are regarding the skype room, but tomorrow morning I'll be there and I'm hoping to get a few live examples from the more experienced users of the grids.

All other tips, tricks are welcome from others in the meantime.

All the best,
Peter
  • #494
  • Nov 19, 2015 9:28am Nov 19, 2015 9:28am
Quoting peterwest
Hi Guys, I've been testing this system for rougly two weeks now. I've seen the videos before and have studied the strategy, but wasn't willing to pay 4-5K for the software. I attempted with a copy from Forex-TSD about a year ago, but without much success. Last week I was very conservative and made positive pips, but only hit my target of 25 pips a day once, the other days I closed at +10 or +15. This week hasn't been successful at all. Today was the third day I've hit my max loss for the day (-25 pips) and it really had an effect on my confidence...
Hi Peter,

As this is an indicator, it can be used stand-alone as seen in the videos, or as another tool in your toolbox helping to verify trade entries. For example if I am thinking about entering a position, I can tell by this indicator whether or not the "roads" are clear in my intended direction across the 4 timeframes or if I have reasons to not take the trade as there may be too many roadblocks ahead.

Just a tool in my opinion and there are many. So use it in a way that makes sense to you. Just my opinion.
  • #495
  • Nov 19, 2015 9:50am Nov 19, 2015 9:50am
Quoting peterwest
Hi Guys, I've been testing this system for rougly two weeks now. I've seen the videos before and have studied the strategy, but wasn't willing to pay 4-5K for the software. I attempted with a copy from Forex-TSD about a year ago, but without much success. Last week I was very conservative and made positive pips, but only hit my target of 25 pips a day once, the other days I closed at +10 or +15. This week hasn't been successful at all. Today was the third day I've hit my max loss for the day (-25 pips) and it really had an effect on my confidence...
Hi Peter,
As I have already said in the beginning, the Grid is just a technical tool and it helps to eliminate a lot of the work associated with technical analysis, so you can make faster decisions.
But it does not predict the future in any way, and it does not generate profit by itself...... it's not a strategy.......
If you don't know how to generate profit without the grid, maybe you should go back to basics. My advice is to use your own mind and not to rely on other traders for signals. Learn how to generate your own ideas. You just have to stare at the price action, until you figure it out.
And don't worry about mistakes or losing trades. LEARN from them! Trial and error is the only way to success in this business.
Good luck
  • #496
  • Nov 19, 2015 12:31pm Nov 19, 2015 12:31pm
Well said...
;-)
  • #497
  • Edited 8:05am Nov 20, 2015 7:04am | Edited 8:05am
I have had great success with these indicators. As a scalper, I prefer Superjolts indicator as it shows the distance in pips between the levels and road blocks. But I have noticed that when the lanes on any indicator are open and the price is near a channel trend line, they can give false trade signals. I found the attached indicator that I have been using to confirm entries. It would be nice it it could be added as an extra road block with possibly an arrow depicting direction of trend based on slope.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 68 KB


The bounce off the trendline continued and anyone could have been stopped out. I found the indicator here on FF and cannot take any credit for it, but it is useful. It is called SHI_CHANNEL_TRUE and I use the default settings on 1h chart.

A few minutes later the down trend continued.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 68 KB


And again a bit later.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 132 KB


Just another tool in the tool box.
Attached File(s)
File Type: mq4 SHI_Channel_true.mq4   7 KB | 612 downloads
  • #498
  • Nov 20, 2015 12:41pm Nov 20, 2015 12:41pm
@AO

#1. How do I replace in your grid, the rows colored per numbers and boxes?
#2. AO, I wonder how you do to open the graphics as you did in the image below.
Attached Image (click to enlarge)
Click to Enlarge Name: FXPM GRID.png Size: 59 KB
Best Regards! DaniP.
  • #499
  • Nov 20, 2015 4:55pm Nov 20, 2015 4:55pm
Quoting superjolt
Ah... sorry guys - I think what's happened is that in the individual files version and possibly the installer, the indicator source is actually an older version - please try these files below and let me know how you get on: {file} {file}
Hello Superjolt,
Very good work here. I have looked and looked, but I still can't see for certain if your moneylanes is an indicator or an EA. Using the installer, it puts it in my indicators folder.

I am frustrated as I have installed moneylanes on a winXP machine and winR2012 vps using the installer (and trying the fix files in post #204) and checking the DLL in the library folder, but I cannnot get moneylanes to work. I have .NET framework. All I get are 4 empty lanes rectangles. I.ve installed thousands of indis, et al, but this one has me lost for a solution, which is probably an extremely basic, simple one that I can't see.

If I install a fresh new instance of MT4, can I run the superjolt installer without installing the basic AO files first???

Sorry I don't have log files or pictures to show as I had to trade the last few days other ways, and it's weekend now.

Thanks, Darran
  • #500
  • Nov 20, 2015 5:27pm Nov 20, 2015 5:27pm
Quoting darranforex
{quote} Hello Superjolt, Very good work here. I have looked and looked, but I still can't see for certain if your moneylanes is an indicator or an EA. Using the installer, it puts it in my indicators folder. I am frustrated as I have installed moneylanes on a winXP machine and winR2012 vps using the installer (and trying the fix files in post #204) and checking the DLL in the library folder, but I cannnot get moneylanes to work. I have .NET framework. All I get are 4 empty lanes rectangles. I.ve installed thousands of indis, et al, but this one...
Windows XP doesn't support the latest .NET ...... so you will not be able to run "MoneyLanes" .
You need newer version of windows.
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