Using Fib Lines to place orders

Agreed. Using the conditions to enter the trades, with your indicators is the challenge. Thanks again. The PM

 

No I don't have an ATM version for NT8. Thats what I'm thriving for. Do you have any suggestions???

 

Thanks MACD, I appreciate the dialogue. The PM

 

lol thanks

 

Agreed. I'm trying for good entries and tight stops....and good advice. Thanks

 

It depends on are you using it on downtrend or uptrend, I have seen that fib has the 70% accuracy if applied for more robust and sure shot entries check for the RSI and MACD too. I keep the diamond level on priority but yeah it depends on the market structure too.

 

Trading Fibonacci Retracement with pattern recognition is an alternative, as the trade will have played out before you trade the Retracement.

 

Au contraire mon frère. Could you show a chart of a played-out-trade as you describe above?

 

Hi easymon1 I trust you are well.

I am afraid i cannot share a chart as this is my Edge, i have been trading intermittently for many years.and am still learning FX With my main job.

i started trading currencies part time some 15 years ago working on finding a strategy which works, and a time frame that suits my temperament , which i now have found and works for me, the Pair i trade is XAUUSD.

Fibs works perfectly, but you have to watch the Candles being painted,to see the Fib set ups.

 

No, what MACD was asking is if you have a version of NT8 that allows you to use the ATM feature. Not if you have a pre-programmed ATM strat.

Because if that is what you are truly thriving for, a version of NT8 that allows you to use the ATM feature, the only suggestion to be made is pony up the money for the fuller versions!