can you guide me
I want to try
Suggestion My Holy Grail After 4 years of trading
- Thread starter mohdridzuan
- Start date
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- Tags
- hope
I want to try
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well i am Not a Robotic or Systematic trader. I am a choreographic trader. I prefer to move in a fluid/flexible movements, rather than in a rigid/robotic way by looking for PERFECT squares and rectangles ! LOL.
to answer your question, I use BOTH 2250 and 240
when I feel like taking a Loooooong-term trade that may last more than ONE day
I use
Fib_Period setting
of 2250
in the
AutoFibo Trading Zones_1
indicator
on H1 chart
exactly as ORIGINALLY given/shared by Mohd Ridzuan !!
but when i feel like taking short-term trades by scalping, on a small account or by using a high-frequency trading style, i REDUCE the
Fib_Period setting
from 2250
down to
240
in the
AutoFibo Trading Zones_1
indicator
on H1 chart !!
and with this REDUCED Fib_Period setting, i only see the past TWO weeks of Fibo zones (Buy and Sell zones) rather than seeing Fibo zones that are drawn based on the past 94 days of activity on the chart
so basically according to me, if you are trying to make MONEY for the Day (for today / Day Trading), Don't look at what the market did 3 or 4 months AGO or worry about where price reacted a Lot (Reversals and Rejections) 3 or 4 months AGO !! To wait for price to reach these levels it can require a Lottt of UN-necessary patience for someone who wants to make money (for today / Day Trading) because for Day Trading you want to ALSO take advantage of the small Daily price activity/reaction levels ! So for Day Trading, I want to look at where price has been reacting a Lot (Reversals and Rejections) over the past TWO weeks only !
BEAR in mind that when you count the most-recent 240 candles on H1 chart, you are indeed counting backwards to see the past TWO weeks of price activity/reactions, BUTTTTT if you switch the timeframe of that SAME chart to M15, you are now literally looking at ONLY the past 2.5 days of price activity on that SAME chart !! So I see a Lotttt of people making a mistake, they think that these settings are some PERFECT numbers !! When you have a period-setting of 2250 on H1 chart, the Levels you see are applicable ONLY to the H1 timeframe, the moment you switch that chart to view/look at it in ANY OTHER timeframe, even with that SAME period-setting of 2250, the Levels you see are now COMPLETELY DIFFERENT, they are NO LONGER related to the levels you saw on the H1 timeframe !!! I hope I am Not confusing anyone with this statement/story.
Thank you for this. Really helpful
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Are you saying that i must *Guide you* to show you how to DISREGARD/ignore something
?? LOL . . . my friend, come on now 
! Disregard/ignore that indicator = FORGET about using it, No need to use it ! Be flexible, USE the OTHERS that are working ! You have a choice of 12 other filter-indicators 
Use the MACDScalper indicator as your filter-indicator instead of that Binary+AM Combo !
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- 0
i wrote something SMALL that might be valuable to share/add in the context of this strategy.
Are you always trading to eat Left-Overs.pdf ?? Hope it may help someone while we are still within the context/topic of this holy grail strategy.
Are you always trading to eat Left-Overs.pdf ?? Hope it may help someone while we are still within the context/topic of this holy grail strategy.
Is this correct?
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Let me outline the concerns
1) The system's rules are very confusing....This needs to be made crystal clear and concrete..After reading through 105 pages of threads--everyone has provided their own input...This is confusing to readers because there are no clear and concise rules..Please provide
2) After downloading and reviewing your .rar file pack, there are several indicators and systems there. This needs to be narrowed down tremendously if you really wish to help people. This is overwhelming. A straightforward and simple system is often the most effective. This has been stated on this thread repeatedly..However, people insist on adding indicator after indicator...It's not needed.
3) I do not use EAs so I am clueless as to what you are referencing.
1) The system's rules are very confusing....This needs to be made crystal clear and concrete..After reading through 105 pages of threads--everyone has provided their own input...This is confusing to readers because there are no clear and concise rules..Please provide
2) After downloading and reviewing your .rar file pack, there are several indicators and systems there. This needs to be narrowed down tremendously if you really wish to help people. This is overwhelming. A straightforward and simple system is often the most effective. This has been stated on this thread repeatedly..However, people insist on adding indicator after indicator...It's not needed.
3) I do not use EAs so I am clueless as to what you are referencing.
I think it looks good..What is the name of that indicator that has the Breakout and TP levels?
- Credits
- 33
goodluck sir,im testing this macdscalper too,so far so good helping us minimize the dd
This picture is confusing .
I'm running into this exact same issue
- Credits
- 0
Hi LilKeny
Well, No ! What you are showing me looks strange !
the
Fib_Period setting
of 240
that i was talking about in my reply to Ike, is a setting
for the
AutoFibo Trading Zones_1
indicator
if you read slowly and carefully you will see that i clearly mentioned for WHICH indicator this setting was meant
i note that you are showing me a picture of you setting the Fib_period for another indicator called
AutoFibonacci !!
but i really think that Traders should learn to be a little more flexible and fluid, and this applies to ALL other traders too.
do Not be TOO RIGID by assuming that there are PERFECT CORRECT SETTINGS and TOTALLY IN-CORRECT/WRONG settings. settings are RELATIVELY-correct and RELATIVELY-incorrect, but they are NOT usually absolutely/PERFECTLY-correct or absolutely/PERFECTLY-INcorrect !
i do understand that this strategy in its basic form was tested by Mohd Ridzuan with SPECIFIC settings, but Mohd Ridzuan did WARN us all in the beginning that there are some things that may need to be IMPROVED in this strategy, rather than trying to apply the strategy "verbatim" in an exact monkey-see=>monkey-do style !!!
ONE of the VERY first problems that many traders encountered with this strategy, was the issue of DRAWDOWN which many people witnessed through a GBPAUD trade that went so DEEEEEP in the red that I suspect a LOTTT of traders completely GAVE UP on this strategy and many were TURNED-OFF by this strategy after witnessing that situation (Drawdown problem)
when traders asked Mohd about HOW he manages this DRAWDOWN problem, his reply was that he SIMPLY does Not care about it, in fact he OPENS MORE NEW positions/trades while he is LOSING !!! of course this was a response that MOST traders did NOT find easy to swallow ! Other people asked Mohd about whether he uses a STOP LOSS, and guess what . . . ? his reply again was that he does **NOT** use ANY stop loss whatsoever !!! this again was a response that became VERY DIFFICULT for most traders to swallow and accept as PART of this strategy, LOL.
several traders then came up with ideas and filter-indicators to DEAL with this CLEAR and SERIOUS problem of DRAWDOWN ! this is what led to me later joining this thread to release my contribution of a WIDE choice of over 12 filter-indicators. With my wide CHOICE of filter-indicators, i do NOT *dictate* that a CERTAIN filter-indicator is THE BEST or is THE ONLY ONE that is correct and that MUST therefore be used by ALL traders !!! i can NEVER use such a STYLE of advice (dictation of RIGID rules!!), because i KNOW that there is a BIG FUNDAMENTAL PROBLEM with such a style of advice (dictation of RIGID/UN-changeable rules!!)
i want to allow each trader to have the FLEXIBILITY to choose his OWN favourite filter-indicator, because if we ALL try to apply the strategy in a monkey-see=>monkey-do style this will bring us another BIG FUNDAMENTAL problem, the problem will now be that ONE trader (Mohd Ridzuan) has a STARTING BALANCE of $2 000 or even $5 000, but YOU out there in another part of the world, you do NOT have that kind of Capital/money in your account !!!! therefore when Mohd Ridzuan does NOT have/see a problem with a BIG DRAWDOWN and he can EASILY absorb a drawdown of -200 pips on his $5 000 account and he does NOT even have a STOP LOSS . . . for YOU with your MUCH smaller $500 ACCOUNT . . . if you DO EXACTLY what Mohd is DOING, your ENTIRE $500 account will UNFORTUATELY be EASILY BLOWN !!!
so when you are trying to apply this strategy "verbatim" in a monkey-see=>monkey-do style whereby you COPY the EXACT THINGS that Mohd Ridzuan was doing **WITHOUT** asking yourself whether YOU CAN FIT in his shoes, it can have DEVASTATING consequences/results FOR YOU !!!
This is a FUNDAMENTAL PROBLEM of traders being too RIGID and having NO FLEXIBILITY in their approach.
The correct and wise thing is to APPLY the same BASIC technique/strategy . . . BUTTTTT instead of doing it "verbatim" in a monkey-see=>monkey-do style (blindfolded COPY-PASTE), you HAVE TO SERIOUSLY CONSIDER to ALTER/change some aspects of the technique/strategy in order to make the strategy to FIT YOUR personal situation BETTER (like a glove).
if you try to be Robotic/Mechanical/Rigid and you apply No flexibility in your adoption of this strategy and you keep thinking that if you just COPY the RIGHT/CORRECT/EXACT-same SETTINGS you are FINE, you might be SHOCKED that it can have DEVASTATING results **ONLY FOR YOU** while it continues to WORK PERFECTLY for Mohd Ridzuan, BP2000, Sticky7 and even for Me.
the REASON this happens is because you tried to apply/COPY settings in a RIGID way while those settings were SPECIFICALLY OPTIMIZED for the PERSONAL SITUATION of Mr. Mohd Ridzuan and you end up SUFFERING due to the fact that **YOUR PERSONAL situation** (Account Balance, Broker, Leverage, etc) is NOT EXACT same size as Mohd Ridzuan's situation !!!
I know that this is a Loooooooong story and that you simply wanted to ask/know whether a SETTING is **RIGHT** or **WRONG**, but there is a VERY IMPORTANT REASON why Stick7 replied to Harry Sudarta by saying that it is a Loooooong story whyyyy he (Sticky7) did NOT worry about considering the EXACT-Same 10 000% margin level. And i feel that it may be TIME for us to start slowly disclosing this Loooooong story to ALL of you over the next couple of posts because MORE and MORE questions are going to come whereby people are asking WHYYYY we seem to have **CHANGED** some things in the strategy while Mohd Ridzuan did NOT use ANY such "changed/new settings"
i hope my DETAILED answer will serve to answer MANY future READERS who will arrive here with this SAME enquiry/thought over the next couple of weeks
God Bless
Can you share your new method with us?Hi LilKeny
Well, No ! What you are showing me looks strange !
the
Fib_Period setting
of 240
that i was talking about in my reply to Ike, is a setting
for the
AutoFibo Trading Zones_1
indicator
if you read slowly and carefully you will see that i clearly mentioned for WHICH indicator this setting was meant
i note that you are showing me a picture of you setting the Fib_period for another indicator called
AutoFibonacci !!
but i really think that Traders should learn to be a little more flexible and fluid, and this applies to ALL other traders too.
do Not be TOO RIGID by assuming that there are PERFECT CORRECT SETTINGS and TOTALLY IN-CORRECT/WRONG settings. settings are RELATIVELY-correct and RELATIVELY-incorrect, but they are NOT usually absolutely/PERFECTLY-correct or absolutely/PERFECTLY-INcorrect !
i do understand that this strategy in its basic form was tested by Mohd Ridzuan with SPECIFIC settings, but Mohd Ridzuan did WARN us all in the beginning that there are some things that may need to be IMPROVED in this strategy, rather than trying to apply the strategy "verbatim" in an exact monkey-see=>monkey-do style !!!
ONE of the VERY first problems that many traders encountered with this strategy, was the issue of DRAWDOWN which many people witnessed through a GBPAUD trade that went so DEEEEEP in the red that I suspect a LOTTT of traders completely GAVE UP on this strategy and many were TURNED-OFF by this strategy after witnessing that situation (Drawdown problem)
when traders asked Mohd about HOW he manages this DRAWDOWN problem, his reply was that he SIMPLY does Not care about it, in fact he OPENS MORE NEW positions/trades while he is LOSING !!! of course this was a response that MOST traders did NOT find easy to swallow ! Other people asked Mohd about whether he uses a STOP LOSS, and guess what . . . ? his reply again was that he does **NOT** use ANY stop loss whatsoever !!! this again was a response that became VERY DIFFICULT for most traders to swallow and accept as PART of this strategy, LOL.
several traders then came up with ideas and filter-indicators to DEAL with this CLEAR and SERIOUS problem of DRAWDOWN ! this is what led to me later joining this thread to release my contribution of a WIDE choice of over 12 filter-indicators. With my wide CHOICE of filter-indicators, i do NOT *dictate* that a CERTAIN filter-indicator is THE BEST or is THE ONLY ONE that is correct and that MUST therefore be used by ALL traders !!! i can NEVER use such a STYLE of advice (dictation of RIGID rules!!), because i KNOW that there is a BIG FUNDAMENTAL PROBLEM with such a style of advice (dictation of RIGID/UN-changeable rules!!)
i want to allow each trader to have the FLEXIBILITY to choose his OWN favourite filter-indicator, because if we ALL try to apply the strategy in a monkey-see=>monkey-do style this will bring us another BIG FUNDAMENTAL problem, the problem will now be that ONE trader (Mohd Ridzuan) has a STARTING BALANCE of $2 000 or even $5 000, but YOU out there in another part of the world, you do NOT have that kind of Capital/money in your account !!!! therefore when Mohd Ridzuan does NOT have/see a problem with a BIG DRAWDOWN and he can EASILY absorb a drawdown of -200 pips on his $5 000 account and he does NOT even have a STOP LOSS . . . for YOU with your MUCH smaller $500 ACCOUNT . . . if you DO EXACTLY what Mohd is DOING, your ENTIRE $500 account will UNFORTUATELY be EASILY BLOWN !!!
so when you are trying to apply this strategy "verbatim" in a monkey-see=>monkey-do style whereby you COPY the EXACT THINGS that Mohd Ridzuan was doing **WITHOUT** asking yourself whether YOU CAN FIT in his shoes, it can have DEVASTATING consequences/results FOR YOU !!!
This is a FUNDAMENTAL PROBLEM of traders being too RIGID and having NO FLEXIBILITY in their approach.
The correct and wise thing is to APPLY the same BASIC technique/strategy . . . BUTTTTT instead of doing it "verbatim" in a monkey-see=>monkey-do style (blindfolded COPY-PASTE), you HAVE TO SERIOUSLY CONSIDER to ALTER/change some aspects of the technique/strategy in order to make the strategy to FIT YOUR personal situation BETTER (like a glove).
if you try to be Robotic/Mechanical/Rigid and you apply No flexibility in your adoption of this strategy and you keep thinking that if you just COPY the RIGHT/CORRECT/EXACT-same SETTINGS you are FINE, you might be SHOCKED that it can have DEVASTATING results **ONLY FOR YOU** while it continues to WORK PERFECTLY for Mohd Ridzuan, BP2000, Sticky7 and even for Me.
the REASON this happens is because you tried to apply/COPY settings in a RIGID way while those settings were SPECIFICALLY OPTIMIZED for the PERSONAL SITUATION of Mr. Mohd Ridzuan and you end up SUFFERING due to the fact that **YOUR PERSONAL situation** (Account Balance, Broker, Leverage, etc) is NOT EXACT same size as Mohd Ridzuan's situation !!!
I know that this is a Loooooooong story and that you simply wanted to ask/know whether a SETTING is **RIGHT** or **WRONG**, but there is a VERY IMPORTANT REASON why Stick7 replied to Harry Sudarta by saying that it is a Loooooong story whyyyy he (Sticky7) did NOT worry about considering the EXACT-Same 10 000% margin level. And i feel that it may be TIME for us to start slowly disclosing this Loooooong story to ALL of you over the next couple of posts because MORE and MORE questions are going to come whereby people are asking WHYYYY we seem to have **CHANGED** some things in the strategy while Mohd Ridzuan did NOT use ANY such "changed/new settings"
i hope my DETAILED answer will serve to answer MANY future READERS who will arrive here with this SAME enquiry/thought over the next couple of weeks
God Bless
Thank you, this explanation is PURE GOLD, I do prefer 240 settings on outofib
Thank you