Hi al,
I encountered a major isue with the Fibonacci tool in Metatrader.
I know that it projects the retracements and extensions a bit different as with other trading software but even though its far from perfect its still ok to use.
The problem i have is this. As i follow at the moment a trading course "Dynamic Trader" from Robert C. Miner, there is explained how to plot Alternate Price Projection using the Fibo tool. With this Alternate price projection you use the fibo tool to first click a low, then a high and then another low (like and A-B-C).
I have the hardest time to do this (or find this fibo option) in Metatrader.
Does anyone else have or had this problem who can help me with this one.
Would be highly appreciated.
Thanks
DutchBoy
I encountered a major isue with the Fibonacci tool in Metatrader.
I know that it projects the retracements and extensions a bit different as with other trading software but even though its far from perfect its still ok to use.
The problem i have is this. As i follow at the moment a trading course "Dynamic Trader" from Robert C. Miner, there is explained how to plot Alternate Price Projection using the Fibo tool. With this Alternate price projection you use the fibo tool to first click a low, then a high and then another low (like and A-B-C).
I have the hardest time to do this (or find this fibo option) in Metatrader.
Does anyone else have or had this problem who can help me with this one.
Would be highly appreciated.
Thanks
DutchBoy