- May 15, 2018
- Posted by: Forex Wiki Team
- Category: Forex Trading System
Dynamic Fibonacci Grid, I made the decision to share my trading platform and technical method with the trading community. I am a day trader/scalper who has been utilizing the Dynamic Fibonacci Grid technical strategy (with excellent success) for over two years. This approach was not invented by me; I simply modified it to work with MT4. There are many traders utilizing different variations of this technique all over the world, so it isn't new, but in my opinion, it is one of the greatest approaches for intraday technical analysis.
Let's take a look at why this approach (tool) exists, why it's so useful, and what issues it solves.
I'm sure most of you are well aware that the primary purpose of technical analysis is to establish the market's background. Every trader must first understand a few basic technical characteristics in order to locate effective trading opportunities:
1. The present trend's direction (up, down, or sideways)
2. The amount of activity and volatility.
3. Potential support and resistance zones
Dynamic Fibonacci Grid Market Analyzes:
And because markets have fractal structures, and most of the time there are many trends traveling in various directions, these factors must be evaluated and decided in multiple time frames (usually opposite to each other).
As a result, you must examine numerous time frames at the same time to determine the overall context.
Then there's the first issue! When you start looking at many charts, you'll rapidly become perplexed since there's so much information (the majority of which is worthless) that it takes a long time and effort for the brain to digest and evaluate in order to extract and separate the relevant information from the noise.
Acting as a filter, it automatically analyzes four time periods (1 minute, 5 minutes, 15 minutes, and 1 hour), extracting just the relevant data and presenting it in an easy-to-understand style.
So you can observe the important technical aspects (direction/trend, strength, zones of support/resistance) on several time frames concurrently without even glancing at any charts.
As a result, you can figure out the technical background without wasting time and effort on traditional analysis (looking at charts and drawing lines). This is very useful while moving quickly.
During times of extreme volatility, correctly recognizing the context is critical because it removes emotions and puts you on the right side of the market, allowing you to act swiftly and without hesitation when the chance arises.
Dynamic Fibonacci Grid Example 1:
The market is rapidly rising. You glance at the grid and immediately see that the general context is pointing down (5 minutes, 15 minutes, and 1 hour are all going down), so you don't follow the up move in this case (the probabilities are not your favor). Instead, seek for the zone of resistance (for a potential short position).
Dynamic Fibonacci Grid Example 2:
The stock market is rising. When you look at the grid, you can see that all four-time frames are pointing upwards, and there is no significant opposition. You're searching for long positions in this case. Normally, I'll wait for a pullback.
Alternatively, you might search for a short position if the market is overbought and approaching a significant zone of resistance (on many time frames) (counter-trend).
Managing several positions during quick markets is another issue for scalpers and day traders. It is critical to have a platform with a user-friendly interface that allows you to simply (quickly) go in and out, as well as alter lots and trail stops with a single click. You must also be able to observe the status of your positions (size and P/L) plainly. Manual scalping and quick trading are not well suited to the normal MT4 interface. Furthermore, the ticket-based system is an awful method to keep track of your positions. You'll need a method that's dependent on the position (average fill price, overall size, and total net P/L for the position). You must also be able to close the whole position with a single click, regardless of how many individual trades are in that position.
All of these issues are solved with the fast buttons on my grid interface!
Dynamic Fibonacci Grid Easy interface:
You may accomplish the following using this new easy interface:
With a single click, you may change positions.
A single click, the partial position is closed.
Single-click to the entire position is closed.
With a single click, you can change a lot of things.
Trailing stops are manually operated and have a step that may be adjusted (with one click you can trail multiple stops).
Every trade has an automatic stop and objective.
With only one click, you may execute several deals.
(If you want to expand out later, divide positions).
On a position-based system, you can monitor and control your exposure and P/L.
(This does not apply to individual tickets).
Everything is taken straight from the grid (chart), which is ideal for scalping. There will be no more separate windows or a sluggish mt4 interface.
In a word, why do I believe this grid structure is so beneficial?
1. It is a tried-and-true technical system that has endured the test of time! It's all math (moving averages, Fibonacci ratios, multi-timeframe fractal analysis, etc.) based on sound market concepts! Hundreds of traders (including myself) utilize this approach effectively on a daily basis all over the world.
2. Analysis that is performed automatically. Reduces the time and effort required for successful trading dramatically.
3. Methodology that is very methodical and constant! The same patterns keep repeating themselves. As a result, learning and mastering high probability trade setups are easy.
4. Provides a comprehensive view of the market's technical background over numerous time periods and different currency pairs in real-time. It's all on one screen! A large amount of important data is retrieved, compressed, and stored.
Fibonacci Grid Fully automated black box:
Please keep in mind that this is neither the Holy Grail nor a fully automated black box (make money while you sleep type system).
It's a multi-functional gadget for manual short-term trading (scalping) that looks like a Swiss knife!
This is a unique and innovative approach to market analysis. It provides you with a different technological perspective.
It's a system that works on a discretionary basis. It may be used in a variety of ways.
However, if you want to win this game, you must have at least a basic understanding of markets and principles, as well as sufficient experience. In one month, this strategy (tool) will not transform you from a loser to a winner.
This instrument, on the other hand, will make things easier if you wish to drastically increase your trade. It enables you to observe
Bottom Line :
It's also worth noting that this grid system was created with only the main FX pairings and significant crosses in mind.
In other markets, it will not function properly!!! (It does not function with gold, silver, futures, or stock indexes......)
ONLY FOREX main pairings and crosses will be accepted!
(It works with any pair including two of the following currencies: USD, EUR, JPY, GBP, AUD, CAD, CHF, NZD.)
The broker should have low fees, low swaps, and also a fast server. The Trader System works with any broker and any type of account, but we recommend our clients use one of the best brokers listed below:
Best Broker List :
Download Dynamic Fibonacci Grid:
Dynamic Fibonacci Grid
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