• Registered: 2012-07-30
  • Posts: 39

Topic: EurUsd 15min Fibonacci strategy

HI all,

I`m quite new man on this forum. Since few days I`m looking for a strategy (with FIbonacci patterns) to EurUsd 15min. I just need something that I can take a look and experiment.

Maybe somebody could share me something for tests ?

  • Blaiserboy
  • Blaiserboy
  • Junior Part-Time Aspiring Space Cadet
  • Offline
  • From: Toronto
  • Registered: 2010-09-06
  • Posts: 2,848

Re: EurUsd 15min Fibonacci strategy

I do not think the software is configured to work with Fibonacci patterns.

Blaiserboy's Website

  • From: Australia
  • Registered: 2011-07-01
  • Posts: 431

Re: EurUsd 15min Fibonacci strategy

I could never get to grips with Fibonacci. My trading mates would tell me that the price is heading to the 50% retracement and it will reverse. Then when it didn't but reversed just above the 62% retracement they said see it turned at the Fibonacci retracement. The trouble is they could never tell me which one. Then when it reversed they worked out a target based on a 138% projection of the swing and when it stopped short at 135% they would say that 135% is close enough to 138% to be good enough.

  • Blaiserboy
  • Blaiserboy
  • Junior Part-Time Aspiring Space Cadet
  • Offline
  • From: Toronto
  • Registered: 2010-09-06
  • Posts: 2,848

Re: EurUsd 15min Fibonacci strategy

Fibonacci is very subjective, I know a couple traders that use it and Euler numbers and do well with it..... those people are also experts with EW, another subjective tool.

Not easy to design an indicator for EW or Fibonacci for FSB.

There is actually one software that locates A B C formations..... and that software costs about $3,000 USD.

I think we have a lot of tools to work with besides adding Fibonacci

Blaiserboy's Website

  • Registered: 2012-07-30
  • Posts: 39

Re: EurUsd 15min Fibonacci strategy

Thanks for the answer.

  • From: Germany
  • Registered: 2012-02-17
  • Posts: 122

Re: EurUsd 15min Fibonacci strategy

Blaiserboy wrote:

Fibonacci is very subjective, I know a couple traders that use it and Euler numbers and do well with it..... those people are also experts with EW, another subjective tool.

Not easy to design an indicator for EW or Fibonacci for FSB.

There is actually one software that locates A B C formations..... and that software costs about $3,000 USD.

I think we have a lot of tools to work with besides adding Fibonacci

Hi Blaiserboy,
very interesting.
A software on the market who detect A B C formations means, that the software is able to learn
Deterministic Finite Automata with 3 states.

What is the name of this software?

thomas

tnickel's Website

  • Blaiserboy
  • Blaiserboy
  • Junior Part-Time Aspiring Space Cadet
  • Offline
  • From: Toronto
  • Registered: 2010-09-06
  • Posts: 2,848

Re: EurUsd 15min Fibonacci strategy

sorry, I am not understanding all of the large words, do you think you could put that into layman type language?

Blaiserboy's Website

  • From: Germany
  • Registered: 2012-02-17
  • Posts: 122

Re: EurUsd 15min Fibonacci strategy

Hi Blaiserboy,
du you can tell me the name of the Software who detect A B C formations ?


The other thing is an idear to find out more complex trading strategies.

At the moment wie have:

a) Example what we have at the moment

State0:
if condition a1 and condition a2 => buy share (go State 1)

if (State 1)
if condition b1 and condition b2 => sell share (go State 0)


xxxxxxxxxxxxx
idear:
State0:
if condition a1 and condition a2 => (go State 1)

if(State 1)
if condition a3 and condition a4 => buy share (go State 2)

if (State 2)
if condition b1 and condition b2 => sell share (go State 0)


for example:
if ema5 > ema21 and RSI >50 => go state 1

state 1:
if the market has a good volatiy in the next 20 bars => by share (go state 2)

state 2:
if rsi < 50 sell share

tnickel's Website