Risk comes from not knowing what you're doing.
Sounds very complicated. 
I'd say share it and everyone who is stupid enough to buy free stuff would have fallen for any noob-fishing marketing anyway. You could create a donate button somewhere, I think there are enough who appreciate your work and attitude. But you probably make a lot more from trading already.
I'd say share it and everyone who is stupid enough to buy free stuff would have fallen for any noob-fishing marketing anyway. You could create a donate button somewhere, I think there are enough who appreciate your work and attitude. But you probably make a lot more from trading already.
- #904
- Apr 5, 2017 10:04am Apr 5, 2017 10:04am
- Joined Mar 2012 | Status: Trader | 14,349 Posts
{quote} Hey friend, why so much negativity? What I post here in FF is 100% free and open source for everyone to enjoy.After all, not everyone can afford to pay for access to the good stuff. Although you might be quite right that some forum members are ungrateful. I even know that some forum members are selling some of my FREE indicators from this forum and from other forums! And they don't even bother to change them in any way.......this is how people are. They will take any chance they get. Should I stop posting tools here? Maybe...maybe...
Civilization depends on sharing.
There with always be bad actors.
And they can be dealt with.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #905
- Apr 5, 2017 10:33am Apr 5, 2017 10:33am
- Joined Aug 2010 | Status: Stare Into the Lights My Pretties! | 795 Posts
{quote} Looks beautiful your new version. As always I am more interested in the math, did you change anything? I am all for open source, also trading on a linux system here even though I have to say that the indicator looks a bit ugly on linux as not all MT4 functions work properly.
As far as the calculation of the standard fibo grid indicator, right now the math is almost the same as before. Although I did change a few things....
But, so far I'm more busy with the framework for the UI, and all the settings and the trade functions......
I really want to have very solid foundation where everything works like clockwork (bug free).
Then on top of this I will put the grid. The grid is a second layer.
Also as I've said, there will be multiple different grid versions, each showing different type of information. Some more simplistic, other more complicated.
This is no longer just Fibonacci grid indicator.
Things can get really interesting when we connect the system to exchange traded markets (through MT5). Because there we have access to real trade volume and order books. (market depth).
So this will provide opportunity for the creation of completely new types of grid indicators where DOM information is part of the calculation.
The grids can be applied to the base layer, in the same way you apply normal indicators to the chart.
This is not just indicator or EA for MT4.
I'm creating entire separate platform which can run inside MT4/MT5.
And just like the mother/host platform, my platform will have its own built in indicators. (grids).
And someday (I hope), this platform will even break free from MT4/5.
The platform will just run in the cloud and will be accessible directly from any browser. Even from mobile devices.
And by the way, this is the future direction of any software.
{quote} dont post source code from this stuff, because they steal your work and sell it using their contact form ... from my view, the best what you can do is (when you will) share here ex file but with time restriction, lets say 6 months or 1year time expire protection, and when you see interest, you can share new version with with another time expire protection ... time protection can be done using few hard coded protection keys, I mean this: you share version 1.00-1.xx and these versions contains theoretically expiry date 2022, -- 5 years divided...
I even coded the function for this. Initially I made it to work with account numbers. (The account number is used as a key for access).
So if I want to give the system to someone for free. I only have to add his mt4 account number to the access list.
If he gives the software to someone else it will not work.
The other person(s) will get black screen with warning.
- #906
- Apr 5, 2017 12:13pm Apr 5, 2017 12:13pm
If he gives the software to someone else it will not work.
perfect, if you are able do it this way (and is not much work for you adding accounts) than it is better way as expiration
-- and it is also good for you, because you see how many people use it
{quote} Hey friend, why so much negativity? ... What do you think?
As you already see in the reactions here, give a outsight to something new all the beggars come out of their dark corners and want it all for free. Open source bla bla. That's what me piss me right now here on FF the whole "mum i want all for free and right now".What i think about your screens? I appreciate that this is a step forward for the grid here, good work from you.
(no hat off smilie available here) I'm not sure it brings you "lightyears in front". The good news you working on an own UI, but there still some points missing (and yes i can see it in the few screens). Also the thought that you need multiple calculation layers brings you at eyesight with TFA but not away. Please don't missunderstand. I don't want to bash your work, you get even on the grid with TFA. To compare if the additional autotrading rules, S&R calculations are also even, i had to see it live (but i don't have to, not to be on the same step like the beggars ). What's missing are the additional indicators and personal coaching from TFA.To your question about sharing and in which way. As you search through the forum here you will see that i only post compiled stuff with expiration. As already said i will avoid that the stuff get's copied and i want that people work on that stuff and not only collecting and consuming. Most of the collectors will be after 2 month on the next train and don't care anymore about that work so it's no problem if it stop working then. If someone is willing to give input i also willing to improve the stuff and therefore extend the expiration of it.
{quote} Wow DaniP that's good results from the TFA software. Keep it up!
Maybe his EA has some serious bugs. 
He will get the WOW from me if he can show consistant results like this. As long i see no loosing trade i suspicious that he let run all the loosers unti they get in profit. So we kno nothing about risk here.
And those trades couldn't be taken by TFA because it always uses a SL. Without it would be no serious system at all.
{quote} Jen if you bothered to read the thread the entry tool I or iv 1.2 has a setting for multiple entries so it can enable partial closes if required, If you believe he is waiting hours if drawdown and then close 5 pips, please you have never been a scalper. I am presuming as he is learning he closes at the 1st opportunity, for a safe amount many professionals even use this method. I suggest you do some research into scalping I can see a good use for the grid. Pho
Let's start with the definition of scalping "Scalping is a trading strategy that attempts to make many profits on small price changes. Traders who implement this strategy place anywhere from 10 to a couple hundred trades in a single day in the belief that small moves in stock price are easier to catch than large ones; traders who implement this strategy are known as scalpers. Many small profits can easily compound into large gains if a strict exit strategy is used to prevent large losses."
And here the most common problems "Some of the common mistakes that scalpers make are poor execution, poor strategy, not taking stop-losses, overleveraging, late entries, late exits and overtrading."
In his case we can assume he is not overleveraging because of the minimum lotsize.
Not taking stop-losses. Oh, i have wrote this already and i have no glue about scalping (as you assume). Strange, how could that happen?
Compounding? I guess not, because it's not compounding when i open multiple orders at same price and time.
Coming back to it. All i can see is a guy who plays in a sandbox like a little child and shows marginal gains and no other informations. If he opens a tradejournal and proof that he never has drawdown and get all his trades into 5pip gain, he would be sitting on a pile of money instantly because everyone want let him manage their money. Since he is not the trading messias he has to introduce a good trade and risk management to survive the games. He doesn't and this mean he will fail in the end, regardless which system he trades or try to copy.
Also anyone who celebrates such worthless informations and is not aware that trading is much more than this has also the think about his level of trading skills and has to do the homework. For me is this behavious the reason why so much get ripped by scam artists and/or failing trading.
{quote}
Pho
