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Pure & simple Abonacci system

Pure & simple Abonacci system

by Dr.Hamdi Boukamcha
First off, all kudos and respect goes to ‘Bobi’ of Abonacci fame, who’s a genius and legend in my eyes, a lot (if not most) of this system is derived from his research and observations. I will not go into it right here, however you’ll be able to examine his work right here.

Second, hats of to ubenders – who seems to have put 2 and 2 collectively and made 4 (which is sort of a feat on this enterprise). He could effectively have found a lacking hyperlink for these of us who’ve been buying and selling the Abonacci means.

So some guidelines (because it appears most threads want them).
1. Be respectful

That is about it – however I would add to that if it appears needed.

So to the system. First let me say this can be a work in progress, however based mostly on confirmed and worthwhile techniques. One motive for the thread is to refine it. BUT that doesn’t imply refining by throwing each indicator you’ll be able to think about at it – the fantastic thing about this system is the simplicity. It’s extra refining by way of commentary we’re searching for.

Charts
We solely want two indicators
1. Abonacci indicator
2. Murrey Math (MM) indicator

Nothing else is required. Actually. No REALLY.

Chart setup (that is probably the most sophisticated bit, however as soon as executed every little thing is about)
1. Open a chart (timeframe would not actually matter however I am going for 1h or 4hr)
2. Apply template beneath.
3. Open Murrey Math indcator and alter to the next. ‘P’ to ‘256’ and ‘MMPeriod’ to ‘1440’

Connected Picture (click on to enlarge)
Pure & simple Abonacci system

4. Open Abonacci Template
For pairs with worth format x.xxxxx ‘Size’ 122 (1h TF buying and selling) or 244 (4h TF buying and selling) or 488 (Day by day TF buying and selling)

For pairs with worth format xx.xxxx or xxx.xxx (normally yen pairs) change ‘Size’ to 156 (30m/1h TF buying and selling) or 312 (4h TF buying and selling) or 625 (Day by day TF buying and selling) and

5. Copy one of many Murrey Math ranges (ideally the Help/Resistance Pivot Level degree (blue)) into the ‘Baseline field’

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Pure & simple Abonacci system

6. Your abonacci 100% ranges ought to now line up with the MM ranges.

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Pure & simple Abonacci system

Buying and selling
Choice 1.
Lengthy Commerce – Worth comes from 76.4% degree rises above 0%/100% into the part above. Enter lengthy when worth breaks the 23.6%. Take Revenue is the 76.4% degree.
Quick Commerce – Worth comes from 23.6% degree drops Beneath 0%/100% into the part beneath. Enter quick when worth breaks the 76.4%. Take Revenue is the 23.6% degree.

You could wish to transfer SL to BE and/or take a 1/3 off when worth reaches 50%, and/or take one other 1/3 off when worth reaches 61.8% (lengthy)/23.6% (quick)

You will notice that what we’re aiming to do is take a slice out of the motion when worth is shifting between ranges.
Cease Loss
I counsel both
10 pips beneath (longs) or above (shorts) the 100% degree
or
shut and reverse your place on the 76.4% degree within the part beneath (longs), 23.6% degree (shorts).

As with all techniques, there will likely be losses. So the significance of discovering the precise cash administration to suit your buying and selling fashion and threat tolerance can’t be over emphasised.

Examples

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Pure & simple Abonacci system

Choice 2
Coming quickly

Sizes and baselines for pairs (bolded numbers are a 1:1 match. ie 1 part of abonacci matches the precise distance between 2 Murrey Math ranges)
GBP/USD
Measurement – 122, 244 or 488

Baseline – 1.5625

GBP/JPY
Measurement – 156, 312 or 625

Baseline – 150

GBP/AUD
Measurement – 122, 244 or 488

Baseline 1.95313

EUR/USD
Measurement – 122, 244 or 488

Baseline – 1.31836

EUR/AUD
Measurement – 122, 244 or 488

Baseline – 1.36719

USD/CHF
Measurement – 122, 244 or 488

Baseline – 0.92773

USD/JPY
Measurement – 156, 312 or 625

Baseline – 87.5

EUR/JPY
Measurement – 156, 312 or 625

Baseline – 125

AUD/NZD
Measurement – 122, 244 or 488

Baseline – 0.97656

USD/CAD
Measurement – 122, 244 or 488

Baseline – 1.02539

AUD/USD
Measurement – 122, 244 or 488

Baseline – 0.97656
AUD/JPY
Measurement – 156, 312 or 625

Baseline – 87.5

EUR/GBP
Measurement – 122, 244 or 488

Baseline – 0.83008

NZD/USD
Measurement – 122, 244 or 488

Baseline – 0.83008

GBP/CHF
Measurement – 122, 244 or 488

Baseline – 1.46484

NZD/JPY
Measurement – 156, 312 or 625

Baseline – 87.5

EUR/CAD
Measurement – 122, 244 or 488

Baseline – 1.36719

XAU/USD
Measurement – 3125, 6250

Baseline – 1500.00

One other strategy price exploring is calculating utilizing a much bigger measurement template (doesn’t matter how massive so long as it matches the MM ranges) after which construct a number of entries (fairness millipede) for swing buying and selling.

Because the thread develops (hopefully), I’ll add hyperlinks or textual content from posts the place members contribute refinements and developments.

Connected File
Pure & simple Abonacci system  Abonacci Templates Guide v7-1.1.ex4   8 KB | 3,681 downloads
Connected File
Pure & simple Abonacci system  Murrey_Math_Line_X_eng.mq4   13 KB | 3,105 downloads
Connected File
Pure & simple Abonacci system  pure & simple. v2.tpl   30 KB | 2,481 downloads | Uploaded Mar 23, 2014 11:17am
Connected File
Pure & simple Abonacci system  Murrey_Math_Line_X_eng.ex4   11 KB | 2,576 downloads

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