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Dynamic Fibonacci Grid

  • #681
  • Jun 7, 2016 7:23am Jun 7, 2016 7:23am
Quoting ratuoro
Is there a spexific skype name..?the link is not getting me to the page I need...kind regards...thank you for thr linj
Skype: dynafibtrading
  • #682
  • Jun 7, 2016 7:33am Jun 7, 2016 7:33am
Thanks for the update alphaomega!
  • #683
  • Jun 7, 2016 11:25am Jun 7, 2016 11:25am
Quoting alphaomega
Several people have asked me for the original template, so here is the original classic blue and white look of the grids with boxes and price levels. In addition you have the bollinger candle as a better replacement for the hourly candle, and of couse you have the daily info and high/low prices as standard. Part of this mod was made by "Sciurus" + a few changes made by me. Download from here: http://www.forexfactory.com/attachme...7&d=1465299773 {image}
Very good AO;

I am using the price action method as pictured below and yet I try a good return in the tests.

Attached Image
Best Regards! DaniP.
  • #684
  • Jun 8, 2016 2:47am Jun 8, 2016 2:47am
@alphaomega Can you please adjust your "Dynamic Fibonacci Grid (SciMod) + BB Candle" indicator so it also works for indexes (like Dax)?
  • #685
  • Jun 8, 2016 5:12am Jun 8, 2016 5:12am
Quoting Jagg
@alphaomega Can you please adjust your "Dynamic Fibonacci Grid (SciMod) + BB Candle" indicator so it also works for indexes (like Dax)?
Attached File(s)
File Type: ex4 Dynamic Fibonacci Grid (SciMod) + BB Candle.ex4   39 KB | 767 downloads

Attached File(s)
File Type: mq4 Dynamic Fibonacci Grid (SciMod) + BB Candle.mq4   29 KB | 976 downloads


This version should be able to draw/calculate the grid on any market, BUT I do not recommend to use the grid other markets other than fx. Keep in mind that this methodology is made specifically for the major forex pairs. Despite the fact that this version will calculate the levels on any market, the grid may look strange. This is because the other markets have very different volatility profile and price ranges. Fx majors on the other side have VERY consistent volatility most of the time. This is why the grid is based on fixed distances expressed in actual pips. All majors fx prices are comprised from 6 digits. The only difference is the place of the decimal point.......and the pips are the same size. This is not the case in other markets.
But anyway, place the grid on weekly chart (any market) and use at your own risk!
The EA and the buttons should work on any market, but you have to adjust the settings( TP, SL, Lots....) specifically for each market and test everything on demo first!
  • #686
  • Edited 6:05am Jun 8, 2016 5:55am | Edited 6:05am
This is upgrade for the other alternative grid (fxpm). All price levels are are now visible instead of only horizontal lines like before. Highlights - sma 21 in blue, sma 34 in violet, sma 233 in black. For easy distinction, the fibo levels have dashes on each side (example -55-), the smallest levels/numbers without dashes represent the other moving averages in the cluster.

Attached Image (click to enlarge)
Click to Enlarge Name: FibGrid (fxpm version).png Size: 37 KB

Attached File(s)
File Type: rar Fibo Grid ( fxpm version ).rar   84 KB | 1,142 downloads
  • #687
  • Jun 8, 2016 6:08am Jun 8, 2016 6:08am
Quoting alphaomega
{quote} {file} {file} This version should be able to draw/calculate the grid on any market, BUT I do not recommend to use the grid other markets other than fx. Keep in mind that this methodology is made specifically for the major forex pairs. Despite the fact that this version will calculate the levels on any market, the grid may look strange. This is because the other markets have very different volatility profile and price ranges. Fx majors on the other side have VERY consistent volatility most of the time. This is why the grid is based on fixed...
Thanks a lot for that!!!
  • #688
  • Jun 8, 2016 6:44pm Jun 8, 2016 6:44pm
subscribed.
Every day there is chances
  • #689
  • Jun 9, 2016 10:46am Jun 9, 2016 10:46am
Excellent work alphaomega.

Good posts. However the real question is does anyone make real money using this?

No demo, no staying out of news for 2 hours, no don't trade x news... they're excuses.

Don't mean to be negative, but what is the point unless you are making money. I am sure these companies who the grids were from only operate due to monthly subs from customers, and not the trades themselves.

Unless someone can prove me wrong? (please do, I am eager to really get working with this system)

Been trying to make this work, but I am speaking the truth - too many people on here get caught up with the philosophical nonsense all these forex guides feed you.
  • #690
  • Jun 9, 2016 11:52am Jun 9, 2016 11:52am
Quoting ExploreFX
Excellent work alphaomega. Good posts. However the real question is does anyone make real money using this? No demo, no staying out of news for 2 hours, no don't trade x news... they're excuses. Don't mean to be negative, but what is the point unless you are making money. I am sure these companies who the grids were from only operate due to monthly subs from customers, and not the trades themselves. Unless someone can prove me wrong? (please do, I am eager to really get working with this system) Been trying to make this work, but I am speaking the...
Thanks!
As I have said many times before, the grids are tools, and just like all tools they require skilled operator. So the ultimate success depends mostly on the skills of the trader. There is no magic pattern or formula, no matter what methodology is used. You see it yourself, trading is hard in general. But when you have the proper tools, methods and strategies, your chances for success are much higher. Be prepared, don't bring a knife to a gunfight!

And you're right about the companies who made the original grid software. They make money from subscriptions, and by teaching other people how to trade. But some of these guys are also good traders, and im sure they also make money from trading.
You can check this youtube channel, they have some good trade examples and tutorials. There is always new things to learn!
https://www.youtube.com/user/fxmastery/playlists
  • #691
  • Jun 9, 2016 12:25pm Jun 9, 2016 12:25pm
Explorer, You are probably right about this. I Tried them for awhile but I could not get it to work for me. I found the CONTINUOUS BACK AND FORTH of the price not to be suitable my way of trading, but that does not mean that it will work for someone else that it's more suited too. It was a novelty for me for a while, untill I started loosing money. I now use something else custom written for me, that I understand.

THIS IS NOT TO SAY, THAT THE LANES DO NOT WORK!
I have been in rooms where I have seen the host trade live with this, but it's just not for me.

This is my Trade that I'm In as I type, this and I'm not using the Fibs. I just let the trade come to me, using Volume,Time and Trader herd mentality.
Basically Who's Buying, Who's Selling and Who's Lying!

I'm expecting this puppy to go down even further to around the 1290's.
If it don't make it there. I WILL take one off at 10 pips then close the other at BE.



WHO'S SELLING, WHO'S BUYING AND WHO'S LYING-THATS THE NAME OF THE GAME!

Something else I forgot to point out.. There are No two traders in this world the same. I have a system that makes me money. I sell, Give or what ever it to you. It DOES NOT Gaurantee that you will make money!

You are NOT Me!

It's why the market has winners and losers!

Sometimes you just have to ask yourself "Is this business really for me?"

No shame in walking away, and do something else that makes you happy..

aka (traderx4)
  • #692
  • Jun 10, 2016 1:11pm Jun 10, 2016 1:11pm
Quoting ExploreFX
Excellent work alphaomega. Good posts. However the real question is does anyone make real money using this? No demo, no staying out of news for 2 hours, no don't trade x news... they're excuses. Don't mean to be negative, but what is the point unless you are making money. I am sure these companies who the grids were from only operate due to monthly subs from customers, and not the trades themselves. Unless someone can prove me wrong? (please do, I am eager to really get working with this system) Been trying to make this work, but I am speaking the...
make your own system if your smart enough.
if you can't i don't think you can get anywhere

I never asked will it work or not, i just do it and do it again and learn the market.
  • #693
  • Jun 12, 2016 8:25am Jun 12, 2016 8:25am
OMG! Thanks ! Subscribed !
1 simple mistake makes you become 1000x better.
  • #694
  • Jul 1, 2016 3:05am Jul 1, 2016 3:05am
Hi AO,

I'm into learning the FIB grids and keep practicing.
I like the work all of you, as being a C++ and Java programmer I know how a lot of time and knowledge it requires to accomplish.
Unfortunately I didn't had time (yet) to learn the MT4 platform programming, right now I'm too busy to understand the market's mechanism.
Somehow the FXPM version looks more clear to me, however I think the only thing I can't see on it, is the trend for the time frames.
As I was looking at the video tutorials of the FXPM system, I saw the moving averages had a triangle shape to show the directions of the trend for the corresponding lane.
I'm not sure how hard to implement it, maybe I'll try to adapt it as I gain the proper knowledge for that.

BR,
Istvan
  • #695
  • Jul 2, 2016 6:11am Jul 2, 2016 6:11am
Well, it was bothering my mind, so I've opened the source code and made modifications to get MA directions.
Hope it functions as it should be, just can't see the movements due to the market is closed.
Attached File(s)
File Type: mq4 Fibo Grid ( fxpm version )_Jaki.mq4   28 KB | 575 downloads
  • #696
  • Jul 4, 2016 2:42am Jul 4, 2016 2:42am
Sorry fellows, who downloaded the previous code, I think I've made a mistake with the arrow directions.
Maybe you could give me a suggestion how to properly determinate the slope direction.
Right now I take the previous MA value and compare with the new one.
Shall I use an average of the last X values or enough just to take the last value?

I don't intent to flood the thread with bad mods and unfortunately I can't change the content of my previous post.
Attached File(s)
File Type: mq4 Fibo Grid_Jaki_fixed_MA_direction.mq4   29 KB | 631 downloads
  • #697
  • Jul 4, 2016 6:56am Jul 4, 2016 6:56am
Quoting istvanhlc230
Sorry fellows, who downloaded the previous code, I think I've made a mistake with the arrow directions. Maybe you could give me a suggestion how to properly determinate the slope direction. Right now I take the previous MA value and compare with the new one. Shall I use an average of the last X values or enough just to take the last value? I don't intent to flood the thread with bad mods and unfortunately I can't change the content of my previous post. {file}
Hi,
I already did this modification some time ago to make the grid exactly like the original. It's not the most efficient solution in terms of code, but at least works correctly (i think so).


Attached File(s)
File Type: mq4 Fibo Grid ( fxpm version ) Original look + ma arrows.mq4   28 KB | 1,094 downloads
  • #698
  • Jul 4, 2016 7:08am Jul 4, 2016 7:08am
Thanks for posting that. I'll look at it, as I just throw the indi to compare them, I can see arrows not matching up with my "try".
One more thought I had is to change the shade of the triangle depending on the trend's strength.
It could be a bit more informative, what do you think?
  • #699
  • Jul 4, 2016 8:03am Jul 4, 2016 8:03am
I can see in your code, that you've taken the two previous MAs and compared those to each other.
I've compared the previous MA to the price. Minor difference.
  • #700
  • Jul 5, 2016 6:13am Jul 5, 2016 6:13am
Has anyone actually seen price move in either the green or red zone?
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