Dynamic Fibonacci Grid

Hello to all,

I decided to share my specialized system and platform setup together with the trading area. I am day trader/scalper, and for more than two years now, I have been using (with great success) this specialized method called . I did not invent this procedure, just made a simple variant of it to work with MT4. There are tons of traders all over the world using various versions of the system so it's nothing new, but at least in my opinion this is one of the most effective methods to get intraday technical analysis.

Now lets see why this method(tool) exist, why it so good, and what problems it solves.

I assume that the majority of you are well aware of how the main goal in technical analysis is to determine the context of this marketplace. In order to find good trading opportunities every dealer first must know a few easy technical parameters:
1. The direction of this current trend (up, down, or sideways)
2. The volatility and the amount of action.
3. Zones of resistance and support.

And these parameters need to be analyzed and determined in multiple time frames because the markets have fractal structure and the majority of the time there are numerous trends going in various directions (usually opposite to each other). So you need to look at multiple time frames concurrently to learn what is the total context. And here comes the first issue! When you begin to look at multiple graphs you very quickly end up perplexed because there is so much information (most of that information is useless) it takes a lot time and effort for your brain to process and analyze so as to extract and separate the useful information from the noise. So it's extremely tough to see more than 1 marketplace and extract the useful information during rapid market moves. And here comes the lively fibonacci grid. Acting as a filter automatically analyzes 4 time frames (1m, 5m, 15m, 1h) extracts just the useful information and presents it in an easy to read format.

So without even looking at any graphs you can immediately (in seconds) see the crucial technical parameters (direction/trend, strength( zones of support/resistance) on multiple time frames concurrently. So you determine the specialized context without wasting time and energy doing the traditional analysis (considering graphs and drawing lines).This is particularly useful during rapid moves. Correctly determining the context is crucial during high volatility because it eliminates the emotions and it sets you on the correct side of the current market, which means that you may act quickly and without hesitation once the opportunity presents itself.

One illuion:
The current market is making quick move up. You examine the grid and immediately see that the total context is pointing down (5 minutes, 15m and, 1 hour are trending down) in this situation you don't chase the up move (the probabilities are not your favor). Instead, start looking for the immunity zone (for potential short position).

Another example:
The market is moving upward. You examine the grid and immediately learn that each of four time frames are pointing upward and there is not any significant resistance. In this situation you're looking for long positions. Normally wait for pullback.
OR, if the market is overbought and reaching strong zone of immunity (on multiple time frames) you can also start looking for brief position (counter trend).

Another difficulty for scalpers and day traders is handling many places during fast markets. It's absolute should have platform with user friendly interface where you can easily (quickly) get in and out, correct lots and track stops with a single click. Also you need to be able to clearly find the status of your positions (dimensions and P/L). The default option MT4 interface isn't very suitable for manual scalping and speedy trading. Also the ticket based system is terrible way to keep an eye on your own positions. You need a correct loion based system(average fill cost, overall size, and total internet P/L for your position) You also need the capability to close the whole position with a single click, however many individual trades are in this loion.
The rapid switches on my grid interface resolve these issues!

With this easy interface you can perform the following:

Get in and out of places with a single click.
Partial position final with a single click.
Total position closing with a single click.
Fix lots with a single click.
Manual monitoring stops with adjustable measure (with one click you can track multiple stops).
Automatic preset stop and target every transaction.
Execute multiple trades with a single click. (dividing of positions if you're planning to scale out later).
Monitor and manage your exposure and P/L on position based program. (not on individual tickets).
Everything directly from the grid (graph), ideal for scalping. No more independent windows or crappy (slow navigation) mt4 interface.

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So in a nutshell why I feel this grid system is really good?

1. Since it's established technical system (it stood the test of time)! Based on strong market fundamentals, it's 100% mathematics (moving averages, fibonacci ratios, multipurpose period fractal analysis...)! Around the world hundreds of traders (including me) use this program on a daily basis.

2. Automated analysis. Dramatically reduces the time and effort necessary for successful trading.

3. VERY systematic and consistent methodology! You find the same patterns repeating over and above. So it's simpler to understand and grasp the high probability trading setups.

4. Gives you clear image about the technical context of the marketplace over multiple time frames, and multiple currency pairs simultaneously in real time. Everything in 1 screen! Massive number of useful information is extracted, compressed, and presented in easy to read format.

5. Easy and speedy position management directly from the grid (graph). Every trading operation is completed with a single click.

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However, please note this is NOT the Holy Grail or automated black box (earn cash while you sleep type system). It's a tool for manual short-term trading(scalping) with lots of functions (like a Swiss knife)! This is a various unconventional method for analyzing the markets. It gives you alternative technical perspective. It's discretionary system. It is possible to use it in various ways. But you must have at least basic knowledge of these markets and basics, end enough expertise if you want to win this game. This system(tool) will not turn you from a loser to a winner in 1 month. However in the event that you want to dramatically enhance your trading, this tool will make matters simpler. It allows you to observe the markets from a different angle.

If you are interested and need to know more about how to trade with this method or just need more information about it, you can find many eduional videos, illuions and tutorials (from youtube) uploaded by other traders who use this method. They describe things in more information. I can post some links under. Or you could just hunt in google.There is a large community based around this particular method. There are even some reside trade rooms, but I do not know whether they're still active.

Note that I am not professional developer and my code is far from ideal ( like my English), but it gets the work done. I welcome criticism but only in the event that you supply better solution about the best way to enhance the efficiency of this code or any new ideas for useful capabilities.

You can utilize my mt4 setup as it's shown on the screenshots below. You can also change the setup in almost any way you need or adapt it to fit your trading style.
Also notice that this grid system is originally designed just for the significant FX pairs and major crosses. It won't work properly on other niches!!! (it doesn't work on gold, silver cfd, futures stock indices...) ONLY FOREX significant pairs and crosses! (It works on any set which comprises 2 of these currencies: USD, EUR, JPY, GBP, AUD, CAD, CHF, NZD)

https://www.forexforum.co.za/attachments/1517818118.jpg

This is the simplified version. For easy and quick Installation just place the EA (I.ex4) from MQL/experts, and also the template(Default.tpl) from the templates folder. Then begin MT4 and open the money pairs you want to see and trade (the template is loaded automatically).

Https://www.forexforum.co.za/general...ussion/6-.html

For your original classic expression of the grid (as you see it from the videos), here are the documents and template:
https://www.forexforum.co.za/attachments/1517818122.rar

https://www.forexforum.co.za/attachments/1517818124.jpg

This is the streamlined version if you want to fit many grids/pairs in 1 screen. I personally use this setup to the top 10 major pairs.
https://www.forexforum.co.za/attachments/1517818129.rar
https://www.forexforum.co.za/attachments/1517818131.jpg

DFGX
https://www.forexforum.co.za/attachments/1517818137.rar