Pure & simple Abonacci system

Quoting hollowhead

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{quote} Hi - TBH it won't make any difference - If the length is 1250, you could use any of the MM levels as a baseline. All the baseline does is give a starting place for the phases to start and then repeat/loop. You could use 1312.5, 1375, 1250 etc. - notice they are 62.5 pips apart. 1250(the length) divided by 20 is 62.5. If you look at the image on the post you reference you can see all the MM levels - you will see 1375 and 1250. As long as the 0%/100% line up with MM levels, its all good. Great question about what constitutes a break. I don't...

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Quoting ubenders

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GC with 62.50 phase and 1375 baseline {image}

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Quoting Robinho

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Good evening friends, I am Brazilian I would like to know the following .. The price levels of Murrey Math (MM) indicator ... this values ​​are changed or remain the same? move to much and how long? For example the USD / JPY pair Level 4/8 101.563 will always be this level or 4/8 will have another price when? Grateful for the attention. I hope everyone here in Rio de Janeiro in the World Cup. {image}

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Quoting jeetvirk

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Thanks Hollow Head for your simple system, i have one issue my base line figures are diffrent from what are mentioned on first post on pairs i did everything same as per rules then why it is showing different figures. thanks jeet

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Quoting waifong

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{quote} Hi, i am trading gold/usd, How to set the parameter for this template and indicator? I am confused.... and how does it works ?

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Quoting hollowhead

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{quote} For Gold - I would use Baseline - 1250.00 Daily length - 6250 4h length - 3125 1h length 1562 Silver - I would use Baseline - 21.875 Daily length - 156 4h length - 156 (same as above) 1h length - 78

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Quoting hollowhead

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{quote} Hi jeetvirk - as long as the baseline is the same as one of the MM levels - it won't make any difference. The baseline simply gives a place to start the Abonacci phases from, and we are looking for 1,2,3 etc complete phases to fit between the MM levels

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Quoting hollowhead

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{quote} The MM levels won't always be the same - they are based on calculations from the last 256 trading days, which means they are likely to remain the same for some time. If they change we will spot it. What I would like to be be able to caluclate the MM levels on a set date range (last year) as opposed to the moving period of time. That way we can be sure they won't change until 1 Jan, but I haven't found a MM Level indicator that allows me to do that yet. In the meantime I don't think its an issue. If the levels change for some reason, we'll...

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Quoting hollowhead

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{quote} So, this means multiplications of 122 work - that's the same as other x.xxxxx pairs. Is this a universal truth based on MM math? So if you want to trade more intraday (1hr), you could use 122 or if you are looking for longer term (4h) you would use 488. I guess you could scalp using size 61.

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Quoting hollowhead

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Hi all Has anyone got/know a good backtester for MT4, preferably one that I can put use pending orders for? None of the ones I've used previously seem to work with the new build!! Thanks Steve

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Quoting fx01

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{quote} Hi hollowhead, Which one you were using? May be i can fix it for you on weekend. Also, I wrote a script for to speed up the work. It's hard to calculate accurate points using crosshair. I was sick of using external calculators so i wrote this quick script in 2 mins. I am attaching the script. This simple script calculates distance between two prices in points. I hope this helps people who are working to develop a better baseline and length. Edit: Included the source. {file} {file}

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Quoting luca1982

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{quote} Hollowhead, 2 question: 1) How did you choose these parameters? (122, 488) 2) Where do you take and how often does it change the BaseLine?

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Quoting zeke_world

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Hey everyone, Gosh this is my first post ever and I've been a member on here since 2012, dang. I'm stlll a rookie trader, been following a few post like the VPLT by Spudfyre and before landing here the Anbonacci thread by 'Bobi'. So I'm hoping I can learn a lot of new stuff on here that will benefit my trading results. Cheers, ZEKE.

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Quoting hollowhead

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{quote} Great - thanks for the script. That is going to be so useful. As far as bactesting before goes, I've used MT4i - this still works but even with the speed turned up to full it runs so slowly - but that might be the machine I have it on. I normally use Macs and my live trading is done through my broker's web based platform - I only use MT4 for testing, charting and demo and have it on an only Windows based Laptop. I have MT4 on a Mac through a Wine, but getting other windows based programs to work can be a pain. The other one I have used is...

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Quoting fx01

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{quote} Yes i can code EAs. But, i am still a new programmer. (However, i have been coding in php, C# and others from long time.) Instead of Elance, i think it'd be better to hire someone from http://www.mql5.com/en/job I learned mql4 , not too long ago.. I am still learning and improving my skills. I cannot guarantee anything, but i can try.. I have also updated the script of distanceinpointcalculator.mql4 Now it wont show the distance calculated in minus. {file} {file}

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Quoting hollowhead

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First off, all kudos and respect goes to 'Bobi' of Abonacci fame, who is a genius and legend in my eyes, much (if not most) of this system is derived from his studies and observations. I won't go into it here, but you can read about his work here. Second, hats of to ubenders - who appears to have put 2 and 2 together and made 4 (which is quite a feat in this business). He may well have discovered a missing link for those of us who have been trading the Abonacci way. So some rules (as...

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