Just to give you my view when I was looking for my set up on my screen... and what I was expecting of the market.
Pair: EurJpy
My Time: around 1.15 GMT
Pair: EurJpy
My Time: around 1.15 GMT
Attached Image (click to enlarge)
Time Is Money
- #801
- Nov 29, 2016 7:29pm Nov 29, 2016 7:29pm
- | Joined Oct 2008 | Status: Big Fish | 1,255 Posts
Time Is Money
- #802
- Edited 11:46pm Nov 29, 2016 11:35pm | Edited 11:46pm
Why you excpeted that the price wil drop when it was at a cluster of fib walls (the green zones here)?
Even when you look at the historical grid, there are so many walls below the current price that is was nearly obvious that the price have to rise.
After overshooting into "danger zone" (orange one), you can expect the reversal with much higher probability.
I would the target the first bunch of wall below the current price, here good to see the area aroung 69-67 (because the painted bold and therefore strong fibwalls).
And this is what price does exactly.
Even when you look at the historical grid, there are so many walls below the current price that is was nearly obvious that the price have to rise.
After overshooting into "danger zone" (orange one), you can expect the reversal with much higher probability.
I would the target the first bunch of wall below the current price, here good to see the area aroung 69-67 (because the painted bold and therefore strong fibwalls).
And this is what price does exactly.
- #807
- Edited Dec 22, 2016 12:37am Dec 21, 2016 7:35pm | Edited Dec 22, 2016 12:37am
- Joined Aug 2010 | Status: Stare Into the Lights My Pretties! | 795 Posts
Welcome to the "dark side" with DFG upgrade 2017!!!
The new year is just around the corner so, why not to start with new fresh interface!?
This major update includes:
- A few bug fixes + update for the whole source code up to the latest MQL4(mql5) spec.
- A few changes on the fonts and the UI to make it more readable + dual color shade of the grid.
- New dark template. (Although I like the blue grids, they really put quite a lot of strain on my eyes, so I finally decided to move to the "dark side".) Keep in mind, that to get the same look as shown on the screenshot you will have to modify your windows template colors ...
The new year is just around the corner so, why not to start with new fresh interface!?
This major update includes:
- A few bug fixes + update for the whole source code up to the latest MQL4(mql5) spec.
- A few changes on the fonts and the UI to make it more readable + dual color shade of the grid.
- New dark template. (Although I like the blue grids, they really put quite a lot of strain on my eyes, so I finally decided to move to the "dark side".) Keep in mind, that to get the same look as shown on the screenshot you will have to modify your windows template colors ...
- #810
- Dec 23, 2016 6:25am Dec 23, 2016 6:25am
- Joined Aug 2010 | Status: Stare Into the Lights My Pretties! | 795 Posts
This is the latest version of the DFG trading simulator and my gift to fellow traders, followers, and anyone who is interested in this methodology and trading in general !
This EA runs in the tester (on the 1 min chart) and it is almost as real as the real trading
Of course there are some limitations.....but nothing is perfect.
In my opinion this is the best way available to practice with the grid and to understand how it works.
The main benefit is that you can speed up your learning curve and your price action reading skills hundredfold. It also helps to significantly improve your trade execution skills. You learn to think fast and to act fast. Instead of wasting time on the demo, you can practice on the simulator at any time, any pair, at any speed. With the simulator you can really see and study the chaotic/random nature of price movement.
For one hour of trading on the simulator you basically accumulate the same experiences for which it would normally takes days and weeks of actual screen time and actual trading on the demo.
Enjoy....
I hope you find this tool useful....and....
Happy holidays!
This EA runs in the tester (on the 1 min chart) and it is almost as real as the real trading
Of course there are some limitations.....but nothing is perfect.
In my opinion this is the best way available to practice with the grid and to understand how it works.
The main benefit is that you can speed up your learning curve and your price action reading skills hundredfold. It also helps to significantly improve your trade execution skills. You learn to think fast and to act fast. Instead of wasting time on the demo, you can practice on the simulator at any time, any pair, at any speed. With the simulator you can really see and study the chaotic/random nature of price movement.
For one hour of trading on the simulator you basically accumulate the same experiences for which it would normally takes days and weeks of actual screen time and actual trading on the demo.
Enjoy....
I hope you find this tool useful....and....
Happy holidays!
- #812
- Dec 23, 2016 12:32pm Dec 23, 2016 12:32pm
This is the latest version of the DFG trading simulator and my gift to fellow traders, followers, and anyone who is interested in this methodology and trading in general ! ...
Happy holidays!
- #813
- Dec 24, 2016 1:47am Dec 24, 2016 1:47am
This is the latest version of the DFG trading simulator and my gift to fellow traders, followers, and anyone who is interested in this methodology and trading in general ! {file} This EA runs in the tester (on the 1 min chart) and it is almost as real as the real trading
Just wondering if you (or anyone else) knows the best place for history to run the simulator? I find eurusd and gbpusd data 'ok' however other pairs are a bit jumpy which I come to the conclusion of being a lack of data...?
Also, any chance you could add a time stamp within the simulator so we can tell what time of the day it is at that point?
Great work AO.
- #814
- Dec 24, 2016 9:18am Dec 24, 2016 9:18am
- Joined Aug 2010 | Status: Stare Into the Lights My Pretties! | 795 Posts
{quote} TY Alpha, excellent work. Happy holidays to you too! Just wondering if you (or anyone else) knows the best place for history to run the simulator? I find eurusd and gbpusd data 'ok' however other pairs are a bit jumpy which I come to the conclusion of being a lack of data...? Also, any chance you could add a time stamp within the simulator so we can tell what time of the day it is at that point? Great work AO.
Now the current time is shown in the lower left corner (on the screenshot the current time is 6:20)
--------------------------------
Regarding the historical data, well that's a bit tricky with MT4 in general it's hard to find good long term historical data for free. Most brokers provide relatively good 1 min data but it is usually limited to 1 or 2 months only.
Also if you add history data from external source, you don't need all time frames. Only 1 minute bars. Or ticks. Then you can use the Period Converter' script inside MT4 to create the larger time frames. Most paid services provide tick data in text format and it needs to be converted to .hst file for mt4 to read it.
Here is one free source with easy to import data ( in .hst format)
http://www.fxdd.com/us/en/forex-reso...1-minute-data/
- #815
- Edited 12:38pm Dec 24, 2016 11:34am | Edited 12:38pm
{quote} Good suggestion about the time display. I always thought that something is missing, so I added this feature right away.... {file} Now the current time is shown in the lower left corner (on the screenshot the current time is 6:20) {image} -------------------------------- Regarding the historical data, well that's a bit tricky with MT4 in general it's hard to find good long term historical data for free. Most brokers provide relatively good 1 min data but it is usually limited to 1 or 2 months only. Also if you add history data from external...
*edit: any chance to add the date too? *I will look at the MT4 script to convert the time frames. Thanks for your effort with this.
I been meaning to ask, the bar to the left (new one) that goes green/red... what is this? I notice it 'resets' after a certain period can you explain?
Merry Christmas!
