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VTTrader: fib grids

  • #1
  • First Post: Sep 7, 2006 8:54am Sep 7, 2006 8:54am
Hi there

been using a MT4 programme which indicates fib levels on multiple timeframes on 1 chart. The programme was written in MT4 & works on Stratbuilder platform. Unfortunately, that platform is pretty unreliable laely & I wonder if somebody could rustle up something similar for VT. Can't see anything similar on here, but might not be looking in the right place.

I think I have uploaded the right file, apologies if I haven't.


Many thanks

Kermit
Attached File(s)
File Type: mq4 4PMA_1_[1].Psars.Rgrssn.STD.V3.mq4   52 KB | 488 downloads
  • #2
  • Sep 7, 2006 9:55am Sep 7, 2006 9:55am
Quoting Kermit1964
Hi there

been using a MT4 programme which indicates fib levels on multiple timeframes on 1 chart. The programme was written in MT4 & works on Stratbuilder platform. Unfortunately, that platform is pretty unreliable laely & I wonder if somebody could rustle up something similar for VT. Can't see anything similar on here, but might not be looking in the right place.

I think I have uploaded the right file, apologies if I haven't.


Many thanks

Kermit
Hi Kermit,

Mutiple Timeframe Indicators can be difficult if not impossible sometimes.

Any chance you could post a screenshot {600x600 would be good} with some descriptive comments on it?

Bemac
It's not easy gleaning green.
  • #3
  • Sep 7, 2006 10:30am Sep 7, 2006 10:30am
Hi Bemac

I'll have a go-not sure if you will be able to see it. in fact I just got a message saying too large . Quick lesson on resizing please?
  • #4
  • Sep 7, 2006 10:34am Sep 7, 2006 10:34am
Problem solved, hope this one is readable!
Attached File(s)
File Type: pdf fib grid.pdf   340 KB | 671 downloads
  • #5
  • Sep 7, 2006 10:45am Sep 7, 2006 10:45am
Comments as follows:

Each of the 4 columns represents the extreme right edge of a chart. 1, 5, 15 & 60 mins. The numbers pertain to moving averages for that particular time fram, & the horizontal lines are fib points for that time frame. Very basically, you look to go long when all 4 bars are bright red or green & there is little in the form of resistance close by in the direction of trade. I use it in a far more discretionary way than that.

In this example I would be looking to go long, as plenty of support at 12730-5 and not much in the way to 12760ish. Idea is to bag a quick 20 pips & move on. Based on fx money map I believe.
  • #6
  • Sep 7, 2006 10:54am Sep 7, 2006 10:54am
Follows thread on moneytec, where sombeody kindly posted the MT expert.


Just need a more reliable platform than StrtBFX which has been woeful in terms of reliability lately & cost me about $100 today! Wondered if VT has the same issues.


http://www.moneytec.com/forums/f14/f...ight=money+map
  • #7
  • Sep 7, 2006 11:06am Sep 7, 2006 11:06am
Well the trade worked, luckily!! Up to a short 2760 from support area in high 20's/low 30's & bingo! Job done-Beginners luck
  • #8
  • Sep 7, 2006 11:10am Sep 7, 2006 11:10am
if you have reliability problems then why not use another metatrader from another broker? Or even 2 of them from 2 different brokers.
  • #9
  • Sep 7, 2006 11:27am Sep 7, 2006 11:27am
Quoting Kermit1964
Hi Bemac

I'll have a go-not sure if you will be able to see it. in fact I just got a message saying too large . Quick lesson on resizing please?
If you are using MS Paint...
change the values in
Image > Stretch/Skew both Horiz & Vert from 100 to...

600 divided by Largest number displayed in

Image >
Attributes

eg.
Image >
Attributes = 1067 x 990
600 / 1067 = 0.5623

Image > Stretch/Skew and change both Horiz & Vert to 56

Result will be Image reduced to just under 600 pixels max dimension.
  • #10
  • Sep 7, 2006 11:27am Sep 7, 2006 11:27am
Thanks ycomp


I have f x c m as a live account & I' m not sure they support links with MT4. (Some of their spreads are wider than the average barn door, certainly compared to some in the uK)

I use(d) MT4 as my (formerly reliable) 'chart/indicator package' and tertiary price indicator. I am in the UK & most of the brokers I use (for spreadbet fx deals=no tax) have not even heard of MT4. They all run their own prop software & you can't import your own indicators into it. WYSIWYG in the UK. Hence using MT4 as my 'trade finder'
  • #11
  • Sep 7, 2006 11:32am Sep 7, 2006 11:32am
sometimes I write things too quickly I mean to use a good MT4 demo feed or 2 to tell you what is going on with the market. Then place your trades with whatever broker you want.
  • #12
  • Sep 7, 2006 11:33am Sep 7, 2006 11:33am
I'm not sure that this can be done in VT Trader as there are a number of problems here.

1) VT cannot generate text. {the Numbers in the colums on the right.}

2) VT cannot pull data from another timeframe or chart.

3) I'm not sure which Fib Extensions are being Plotted. Are they all the same Fibs from Different Timeframes. {ie they are all the 38% from 1 hr, 2 hr 4 hr...
  • #13
  • Sep 7, 2006 11:44am Sep 7, 2006 11:44am
Thanks guys

Where can I get a reliable source (s) of MT4 data for a demo version. US retail brokers who support MT4?

F X C M appear to be another outfit with their own platform unfortunately.

Bemac thanks for looking-yep I think the fibs are the same, just transposed onto different time frames. Ideally, when you get a coalesence of lines at about the same point across multi timeframes, one surmises that it is going to act as pretty good s/R! (E.g 12755-60) in the prior example.

Pity, as I think the methodology has some merit (& has worked for me in both demo & live trading. Just have to find a less flakey data source!
  • #14
  • Sep 7, 2006 11:53am Sep 7, 2006 11:53am
I don't know if I would trust any broker's demo feed by itself for live trading. I mean many brokers have good demo feeds apparently but I'm just saying that keeping the demo working is probably not as important as keeping the live feed going.

So if you install 2 decent demo feed broker's MT4 platforms then that solves the reliability problem. I would just download and test them out from a couple.

Just make sure you install them in different directories and using different windows program group names. You can install even the same broker this way.
  • #15
  • Oct 2, 2006 12:57pm Oct 2, 2006 12:57pm
I was reading your posting and in reply on MT4 and fib grids.
Firstly, I am interest in the fibgrids too.
Secondly,
InterbankFx supports MT4. Maybe this is your answer.
I would love to access fibgrids on interbankfx.
I do not know how?
My email address is [email protected].
Thanks,
Lorriane
  • #16
  • Nov 4, 2006 2:13am Nov 4, 2006 2:13am
Quoting Kermit1964
Well the trade worked, luckily!! Up to a short 2760 from support area in high 20's/low 30's & bingo! Job done-Beginners luck
hello kermit1964, i am new to Mt4 fib levels.

i would like to learn about it and i need you help.

SAVE ME
  • #17
  • Last Post: May 8, 2013 6:30am May 8, 2013 6:30am
I have been investigating Fib Grids recently and came upon this thread, has anyone had any success in utilising this tool?

Cheers

Alan
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