Square of 8 / timing+fibo strategy

So is a fibo tool / non fibo strategy haha

eASY JOB FOR A CODER, WHO CAN DO SO WE ALL LOOK AT THIS PRICES?

Using eurusd h4 we could have taken this orders

Please how do I divide the fib tool into those levels and also i am not clear on the inter levels part.

Dont worry i have got it now..but what you said about dividing the again into inter levels is getting me confused atm

is the same as devide last year range by 32 instead of 16 only

but i think that fibo tool cant accept 32 levels so i do in 2 1/16 last year and one of 1/2 last year /16

Thanks, i am beginning to like this approach. Price seems to be respecting these levels more often.

yes the fibo tool allow 32 and we need 33 to include 0 and 100 look

do you want see another @@coool stuff??

how to setup perfect trend lines?

trend lines angle hold during a year allways tend to form 45° lines but the lines have to findd out on the year chart high lows. then i pik the day chart to setup the triangle to know the line i need and then i copy in lower tf. Later you can indi to draw year trend lines on any timeframe...the angles on lower tf change this why we need setup first the main angle....after that if wathever 2 highs or lows meet that angle draw copy that line...not easy to explain in spanglish haha

So here i drawed first 2 fibos creating that 45° lines then i copied them on lower tf to setup a strategy based on channels.







There you have another indi to create if u want and play with, if on the current timeframe we have 2 highs or 2 lows who join the angle created between the high and low of previous year )normally tends to be 45°) then draw that trend line...

So if we use any other indicator to show us trend we only trade if prices are inside the square of 8 pricelines...like closed above closed below,, but not in middle part of the squares... like this example using the halfternd indi

I think we can filter this way any arrow indi, like the repainting supertrend and others.

for example im creating my ea using this with my gap indi arrows

and when using my supply -demand indi wht gaps arrows and square of 8 i have very very good entrys. Next 10 days i start a live forward test on this, this why i think square of 8 indi can be very good idea for any one or any strategy.



Lets see if coders come around and give us a hand

Why i think is important to trade using this kind of setup, well because many times we just jump in to the market,,, without taking care how much price difference is left untill next possible reversal... many people loose by closing if in loss, with this you can have very good entrys to hold longer reducing your own dd and maximizing profit factor.

for example if i setup a trade perviously could just say ohhh i am willing to loose no more than 70 pips.... from here where i enter... now u can say i risk 1 or 2 boxes down for every trade i make and average my all tp to 40 pips or 70 pips the distance to next price action level. Increasing also the average risk reward on every trade.

like this

we created this indi for an EA we made it work very good last year on demo... maybe with this we can filter bad trades entry also, is based on cci




i think any indi with this should work.

Interesting. but I have not been able to find a way to draw Fibonacci lines

If you use mt4 then it's standard and I would have thought the same in most platforms.