Advanced system #2 (Fibonacci Trading)

Dear Edward
i am a demo trader biginner. i was traying some stratgeies but was still didnt chose the right one yet.
i fount that pdf introducing ICWR. it was interesting but when i found this fibo strategy you made, i decided to concentrate on it & demo trade it.
it works great realy. late entries but good trend follwing & realy great filteration & that is the point.
i am working on how to catch the early signals & predict the latest trend exits.
i found that applying elliot wave labeling on daily charts could add a great help.
about the moving averages, i am using 13 sma & 50 sma or 50 ema & they are working so well with me.
for more confidence i am using macd 12 26 9 & it is just adding the feeling of trus as seeing the price sliding with macd. also the macd crossings & deviations give me some alert to check the charts carefully or makes me can neglect some mini swings with confidence.
finally. you are doing great job Edward & thank you so muck realy for helping us with your thoughts & strategies. i hope u can maintain this great effort.
thank you Edward.

Hey GG iam the one who uploaded the PDF. and yes i finished a BT on the Tradesim , but only for the last two years and it wasnt profitable , but maybe there isn an issue with the mtf rsi i used for this

To User, who wrote:
"Realy no one interested ? Iam trading the system described as in the PDF with some success but it would be nice to hear another opnion , trading togehther and so on "

Thanks for uploading PDF, I have just started to read it, and I like the idea. Are you still trading this strategy? I am curious what results you have got so far. Because as you said they do not show the losses only big wins...In spite of that I still think the idea is very good, but I think a back test should be performed, which I may be able to do once I have finished reading and fully understand all the aspects of this system. Or have you already back tested it yourself?

Cheers
All the best,
GG

Image 1 - Stop loss below point C.
Image 2 - no entry, since MAs suggest Uptrend, the previous setup is still valid.

Regards,
Edward

Follow up with previous image link with description on chart

Please tell me that am understanding your method or else let me know if there is anything i didn't notice ..

Best Regards

Hi Edward thanks for sharing this method please view this setup in the link below as i couldn't upload it on here Thanks

Regards

Realy no one interested ? Iam trading the system described as in the PDF with some success but it would be nice to hear another opnion , trading togehther and so on

No Problem iam always glad when i can give something back to well made and scam free trading pages.
Of course iam also interested in the opinions of others about this strategy.

Thank you for the PDF and feedback!

Best regards,
Edward

Iam the guy who posted the PDF

Well if those people are right then they at least tried to measured which filter and which stop and average wavelength is the most profitable in the long run.They did it on three Spot currencies , although EUR/USD and GPD/USD are highly correlated anyway.

Annyway, knowing this would take out a lot of trying and "combining" . In my opinion those "details" are by far the hardest work, everywhere not just in trading:) .

I tend to doubt sellers and marketing guys very much specially in trading, but at least the dont use "new and awesome trendmaster 3000 indicator" which repaints of course if you look at it more closely and they have clear and defined rules for entry and exits which is more the very most "gurus" can offer.
On the other hand they sell something which is nothing realy new and also never show losses just epic wins , you wont get that often.

Funny that people selling a very simillar system for good money. I uploaded there PDF which includes alot of examples.

FxTradingStrategy.pdf

Hi Scott,

Yes, I think we could. It sounds good for an early entry, but how do you do it when the candle is moving, or is it something different, see my examples:

Best regards,
Edward

Hi there,

I have a question regarding earlier entry. Exemplify on long trades to keep it simple.

If a bar closes above the 0.75 and the next bar makes a low but not below the 0.75 and trades above the high of the previous candle, could we place a buy stop at the high of the previous candle rather than wait for the close of the candle,

Thanks,
Scott

Hi Adit,

Scalping on MT4 can be fully allowed only if you trade with brokers who use ECN technology. Take a look a the following list of MT4 ECN brokers.
The pioneer of MT4 ECN bridge technology among them is MB Trading (I think they are, I might be wrong, it could be some other broker, which I don't know about, but at least they are among the first).
Also PFGBEST is among the oldest known brokers in this industry.
ECN brokers rarely give more than 100:1 leverage. If you find higher than that, be extra careful, consider the regulatory environment and licenses of the broker, read reviews.

Best regards,
Edward

dear Edward,

thank you so much for answered my questions,i implemented those and found the very good results now,much better than last,you are genious..

i'm confusing now honestly,this is my final preparation after did some observations and practice the strategies,now i'm so very confuse in "what is the best broker for me?""which is that suitable (makes me comfort) for my trading system"?,and again,(i'm so sorry),i really need your help Edward..

and this is my preparation,may help you for helping me :
a.live : Indonesia
b.deposit : $500
c.system : break out and 1 hour scalping

based on that,i need a typical broker which :
a.leverage : up to 1:400/1:500
b.platform : metatrader 4
c.allowed scalping strategy without limitation time (example : when i open transaction,i can close just in few seconds
d.no requote

please please please help me,glad to see your hard work here Edward,and thank you very much for always help me much,i really appruciate that..

best regards,

Adit in Jakarta