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Oanda now offers Gold and Silver

  • #1
  • First Post: Mar 22, 2006 12:31am Mar 22, 2006 12:31am
Apparently on oanda you can trade gold and silver now. The spreads right now are 70 and 300 respectively. Are these decent spreads for them?
  • #2
  • Mar 22, 2006 6:07am Mar 22, 2006 6:07am
Quoting Hidhadows
Apparently on oanda you can trade gold and silver now. The spreads right now are 70 and 300 respectively. Are these decent spreads for them?
Look how they move. I think it would be verry interensting.
Try hard, think fast, die young
  • #3
  • Mar 31, 2006 9:37pm Mar 31, 2006 9:37pm
Attached is a modified version of the Vegas Currency Daily.mq4

I added two models, Model 5 and Model 6. The original 4 models remain. I did not mess with the original code. I simply added two models.

Model 5 uses these fibonacci numbers: 610 987 1597
Model 6 uses these fibonacci numbers: 987 1597 2584

I created this because the Gold/Daily chart in MT4 does not fit into the first 4 risk models. I was almost happy with just the 5th model but a historical look showed an even wider spread on the outer fibs were necessary. Thus, model 6.

Any suggestions which model works best? I think 6 is a good choice but model 5 in a lot of places works well.

Comments...
Attached File(s)
File Type: mq4 Vegas Currency Daily 6 Models.mq4   7 KB | 990 downloads
  • #4
  • Mar 31, 2006 9:48pm Mar 31, 2006 9:48pm
Quoting MrMajik
Attached is a modified version of the Vegas Currency Daily.mq4

I added two models, Model 5 and Model 6. The original 4 models remain. I did not mess with the original code. I simply added two models.

Model 5 uses these fibonacci numbers: 610 987 1597
Model 6 uses these fibonacci numbers: 987 1597 2584

I created this because the Gold/Daily chart in MT4 does not fit into the first 4 risk models. I was almost happy with just the 5th model but a historical look showed an even wider spread on the outer fibs were necessary. Thus, model 6.

Any suggestions which model works best? I think 6 is a good choice but model 5 in a lot of places works well.

Comments...
I've tried... it doesn't seams to work. Maybe is the moving average that we have to change... not the fib number.
Try hard, think fast, die young
  • #5
  • Mar 31, 2006 9:56pm Mar 31, 2006 9:56pm
I forgot to add that you need to compile it first before using it.
  • #6
  • Apr 1, 2006 2:04pm Apr 1, 2006 2:04pm
compro99,

I did my research before posting and I posted all the fib values I used in both added models.

The fib sequence I used came from researching the Internet. I did not make these values up. Here are more numbers in the same sequence. Notice how the starting numbers all the way up to the values in Model 4 are the same.

The following is from the sequence Vegas provides in the 1 Hour Tunnel document that we use on all of the currency pairs:

Step 2.
Memorize or write down and keep next to your trading screen the following
fibonacci number sequence: 1,1,2,3,5,8,13,21,34,55,89,144,233,377




I just continued the sequence and added the next values into Model 5 and Model 6:

1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987, 1597, 2584, 4181, 6765 . . .



Here is the link to the site where I got this from.


You do not have to use Model 5 and Model 6. However, they are in sequence from what Vegas uses and they reach out far enough to create outer fib lines that will assist in trading from the MT4 gold chart.
  • #7
  • Last Post: Edited 11:37pm Apr 1, 2006 5:54pm | Edited 11:37pm
MrMajik,

Yr Fib numbers are absolutely correct but gold moves in $0.10 per ounce unlike currency per pip. So yr fibo calculation based on the ema 28 will not be truely reflected.

I uses 4 models.

model 1 = 89 144 233
model 2 = 144 233 377
model 3 = 233 377 610
model 4 = 377 610 987

But in MT4 code, model 1 would have to be 340 550 890. Model 3 would be 2330 3770 6100.
Attached File(s)
File Type: mq4 Vegas_Gold_Daily.mq4   6 KB | 796 downloads
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