A friend of mine told me he got that line from a guy who trades stocks. I never researched it, just threw it on my fib tool and whaddaya know? Price bounces there quite often. Look at the candlestick chart from this post.

Fib. Reverse Engineered.

If 47= 1.4751 and 52= 1.4720, then 62=1.4671.

Fib. Reverse Engineered.

I was going by one of the charts Bemac posted so I've just been staying with 15m TF. He would be the best one to ask the question to, but I think we're just trying to find any timeframe where the candles are moving sideways for an extended period. ...

Fib. Reverse Engineered.

I think I can see the potential.

Fib. Reverse Engineered.

Add the 47 & 52 levels on the regular fib tool. Then, it might help to identify the channel with a box. Stretch the fib and manipulate it until the 47 & 52 are aligned with the top and bottom of the box (channel).

Fib. Reverse Engineered.

Haha....your second question helps answer the first. I have been doing it wrong. Drawing 2 fibs when it shoulda been 1. This should be better...

Fib. Reverse Engineered.

Yeah, the usdjpy was pretty spot on at a couple of levels.

Fib. Reverse Engineered.

Yeah, that's just the way I did it. I made a custom fib with your 47 &52 channel and then drew two more regular fibs from the top of the channel to 100% and the bottom of the channel to 100%. You're right, an indicator would make it simpler, but it ...

Fib. Reverse Engineered.

No charge.

Question re MT4 & turning the computer off

Whatever orders you set from the terminal ticks into the broker's server, so you can turn the computer off once your orders are set. NOT so for running EA's. Check with your broker if you aren't sure.

Question re MT4 & turning the computer off

Hopefully this won't cause confusion, if it does I'll delete the post. I drew the channel (close proximity) that you had in this post. (Yellow box) Then I manually fibbed out what I thought you are talking about. Is this anything close?

Fib. Reverse Engineered.

This one should do it. Leave all the other settings @ default. Enter your trailing stop value.

Traling Stop EA

I didn't notice that it took in the previous bar, but if you changed it then that's good. You've been a great help. Thanks for the work and patience. p.s., it seems to be working...

Inside Bar Trading

I'm going to post another IB indicator, this one with no audible alert, but it seems to be accurate. Maybe if we can add the alert to it? Meantime, I'm deleting my posts about the other indicator, too. Sorry for any confusion.

Inside Bar Trading

You're right. Sorry.

Inside Bar Trading

That's cool! I've been wanting to do that for a long time. Thanks for posting it.

Overlay in MetaTrader

Acc# 215997 Inv 0btskfd

Simple Trading Method with trader101

If anybody has an account other than FXPro and wants to follow T101's demo account from FXPro, you can log into it on your current MT4 platform by installing the srv. file attached into the MT4 config. folder (unzip it first). Then restart MT4 and ...

Simple Trading Method with trader101

Hi. Could you please upload the srv. file for FXPro's demo server? It's in the config. folder in MT4. That way we can add it to our current metatrader and run the demo without downloading another platform on our 'puters. Thanks. ken

Simple Trading Method with trader101