Fibonacci Expansion Trading System

resembles attack of a shark and dragon

121 patterns will work against us

tokyo reed, please let us know if you run a forward test. Seems like multiple pairs are needed to avoid long DD, but also have to be wary of correlation ...

Just a comparo , where , what , how , those number can be dail correctly , with out misunderstanding the whole concept of Fib ratio
to be include in to trading arsenal respectably as prospecting market profile .

Attachment

abokwaik, can you adapt this system for MT5?

[quote=K40;8987681]Just a comparo , where , what , how , those number can be dail correctly , with out misunderstanding the whole concept of Fib ratio to be include in to trading arsenal respectably as prospecting market profile .
Very Impressive Fib work K40
Understanding market structure is a fundamental part of proper Fib calculations ,, thank u for that ! !

Thank you for your kind words ..... , many think I was from the butcher house , but true credit is to ccr , the problem that guy cant talk regular . I am just picking up what said by him . many been using his work and sold in many places for mios

eur pull back 40 pips , chf pull back 30 pips , gj 60 pips up , 60 pips down .

abokwaik is your ea work with fractals ? can you give open sorce to this ea . i think the system has potentials

abokwaik can you allow this ea open multiple positions ?

After alot of thought , and with all due respect ,,, and for more than 1 reason ,,, i do NOT like posting my FIB analysis on Public forums ,, BUT i thought i would do it in a different way ,, so ,, This is to confirm what K40 is taking about and the power of FIBS when wanting to achieve success in trading ..... so i Hope this will expand the minds and thoughts of many cause this reality is present in the market day in / day out ,,, swing in // swing out ,,,, and in my personal and humble opinion ,,, the reason traders can not make a full success with FIBS is the fact that their approach when using FIBS is in REVERSE MODE to reality ,, when they think that FIBS apply to the market when reality is the the other way around ,,, after all we are all entitled to our own opinions i think ,,, BUT the proof is ALWAYS in the outcome ...
This is the POUND /YEN ( the only pair i trade because it is one of the fastest and largest range pairs in the market ,, as i hate slow markets ,,, they get my blood pressure up hahahaha ,, but not the only market i use the same FIBS theories to ,,, as it applies to all of them ) 15 mnt chart for the 9th of August , as i am an intra day trader ,, So i use 15 mnt charts as my base ....
The green boxes are the zones where i anticipate the market to stop at or turn / retrace ,, and they are ALWAYS drawn in advance ahead of the market for each structure ...
Cheers all

Got a trade short on AUDCAD ... i like this system as have lots of odds to be succesful; Lets see how it will develop

Result

Great Fxentropy .

Was this trade completely handled by the EA ?

EA took 2 trades, one i closed manually, the other handled by the EA. cool

I'm working on a similar concept, but instead of loose ABC points I use the high and low of the day as my fibo point. The I take a trade if price retraces to the 38 or 23 level the next day and goes up again. My entry is the 50 level if the bounce is from 23 and my entry is the 68 level if price bounced from 38. There seems to be a nice edge around this system, just like there seems to be an edge around the original system posted here.

Taking the daily high and low just makes it a whole lot easier to know where to put up your fib levels, which will also make it easier to automate. Besides making life easier the daily high and low should also carry enough weight to add more significance to the levels.

One could also do this with the weeks high and low, monthly's and so on. I have not tested those yet but as usual if it works on a shorter TF it probably also does on a bigger one.

Hope this helps & kind regards,
Nevie2

long setup on GJ

Hi,

This fibo is manual ?

yes

I you could make a capture settings?
I would like to test.
Thanks