fib. expansion and retrace in forex

Status
Not open for further replies.
ES,


i use a " single line shop adx " for trend on the fly.

it is the dark blue line.
as the market trends up or down, it rises past 35 always going north.

when the full pull or cahuna trend is over , the line hooks over and the vert bar paints.

4.2 or 5.7 exit door is at the hook over.
the zero lag histo reverses
end of trade.

i also get bar paints at diff . exit doors in the trade.
all email alerts.

then trend disappears for a while.....
pic attached.

we start the process all over as trend appears after a shop setup

the market tells me what it wants to do, most of the time.........:)

s
 

Attachments

Quote from ElectricSavant:

whats the regression indicator for?
More...

contains trend on the fly.

the adx and stone paint are the secret sauce.



.....................................

my coder is working on the front end entry.

EA running live time fib on the fly, measuring the second leg /pattern in realtime for one leg % retrace with histo diverge.

will hunt down setups 24/7
all time frames and range bars.

i will turn it into an auto trigger EA to enter the trade and run trailing stops to a fib expansion with multi contract exit doors along the way.

final exit at a histo diverge or full pull / cahuna stone paint.

might even sell some to retail......:)


s
 
S,

Do you partial exit at 1.6, 2, or 3.2 ect by default once line is hit ? Or do you trail the whole/part position below the market once 1.6, 2, or 3.2 is hit?


From the way I read it before, it sounds like you do partial exits and then once it gets to 4.2 5.7 then you trail the rest below market to let it run further or take you out?

Thx

Z
 

Attachments

shop...I think you throw the regression indicator on the chart just to throw us off!! ☺LOL

ES


Quote from shopster:

contains trend on the fly.

the adx and stone paint are the secret sauce.



.....................................

my coder is working on the front end entry.

EA running live time fib on the fly, measuring the second leg /pattern in realtime for one leg % retrace with histo diverge.

will hunt down setups 24/7
all time frames and range bars.

i will turn it into an auto trigger EA to enter the trade and run trailing stops to a fib expansion with multi contract exit doors along the way.

final exit at a histo diverge or full pull / cahuna stone paint.

might even sell some to retail......:)


s
More...
 
Z,

depends on how fast the momentum of the move is and if i am with the trend.

if the puke or rise is " balls to the wall " straight up or down as per my last pic, i will blow the wad out at 4.2 or the full cahuna.

i do not want to see a stop at 4.2 , just blow right thru with no retrace

this is something an EA can never do, measure the pulse and feel of the game.

so inputs to take some off at each level or trailing strategies
watching for zero lag stall or adx flattening.

s
 
Quote from shopster:

Z,

depends on how fast the momentum of the move is and if i am with the trend.

if the puke or rise is " balls to the wall " straight up or down as per my last pic, i will blow the wad out at 4.2 or the full cahuna.

i do not want to see a stop at 4.2 , just blow right thru with no retrace

this is something an EA can never do, measure the pulse and feel of the game.

so inputs to take some off at each level or trailing strategies
watching for zero lag stall or adx flattening.

s
More...

Makes sense,

Thx :cool:
 
Quote from shopster:

my new girlfriend.

i better let my wife know.

could be a 50% drawdown.........:)

s

:cool:
More...

Would you be able to give a profit factor by quarter for this method ?
 
Status
Not open for further replies.
Back
Top