Recruitment of participants Professional Indicator EA Forex Dynamic Fibonacci Grid System 10 Pair

Discussion in 'Forex Indicators MT4' started by Admin, 13 March 2021.

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  1. Admin

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    Professional Indicator EA Forex Dynamic Fibonacci Grid System 10 Pair!

    So without even looking at any charts you can instantly (in seconds) see the key technical parameters (direction/trend, strength, zones of support/resistance) on multiple time frames simultaneously. So you determine the technical context without wasting time and energy doing the traditional analysis (looking at charts and drawing lines).This is especially helpful during fast moves. Correctly determining the context is crucial during high volatility because it eliminates the emotions and it puts you on the correct side of the market, so you can act quickly and without hesitation when the opportunity presents itself.

    Forex Dynamic Fibonacci Grid System.png

    One example:
    The market is making fast move up. You look at the grid and instantly see that the overall context is pointing down (5 min, 15m and, 1 hour are trending down) so in this situation you do not chase the up move (the probabilities are not your favor). Instead, look for the resistance zone (for potential short position).

    Another example:
    The market is moving up. You look at the grid and instantly find out that all four time frames are pointing up and there is no major resistance. In this situation you are looking for long positions. Usually wait for pullback.
    OR, if the market is overbought and reaching strong zone of resistance (on multiple time frames) you can also look for short position (counter trend).

    Another problem for scalpers and day traders is managing multiple positions during fast markets. It is absolute must to have platform with user friendly interface where you can easily (fast) get in and out, adjust lots and trail stops with one click. Also you need to be able to clearly see the status of your positions (size and P/L). The default MT4 interface is not very suitable for manual scalping and fast trading. Also the ticket based system is terrible way to keep track of your positions. You need a proper position based system(average fill price, total size, and total net P/L for the position) You also need the ability to close the entire position with one click, no matter how many individual trades are in that position.

    With this new simple interface you can do the following:
    Get in and out of positions with one click.
    Partial position closing with one click.
    Full position closing with one click.
    Adjust lots with one click.
    Manual trailing stops with adjustable step (with one click you can trail multiple stops).
    Automatic preset stop and target on every trade.
    Execute multiple trades with one click.(splitting of positions if you plan to scale out later).
    Monitor and manage your exposure and P/L on position based system.( not on individual tickets).
    Everything directly from the grid (chart), perfect for scalping. No more separate windows or crappy (slow navigation) mt4 interface.