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Thread: Harmonic Grid Trading System - Volcano Setup

  1. #21
    Junior Member
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    Oct 2012
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    Hi Ziemo,

    How can I get the Fib retreacement you talked about on this thread.

    I have the standard Fib in my MT4 but can't find any other one with level that is exactly 20% away from another one.

    Please help!!

    thanks.

  2. #22
    Junior Member
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    Apr 2012
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    Try this, hope it helps!

    Code:
    http://www.forexfactory.com/showthread.php?t=234853

  3. #23
    Senior Member
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    Oct 2011
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    @ Camaron & Retireme

    many thanks guys for the interesting links! I will definitely take a deeper look at this! Any other commenst and suggestions would be more than welcome

    @ Bimbo

    if you use MT4, put the fibo on the chart, double click on it, then use the right mouse button and choose fibo properties. There you can add and delete levels, it's very simple.

  4. #24
    Wizard
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    Just 3 forex Gartley pattern examples from today presenting possible volcano setup system behaviors:
    Gartley pattern successful and system is WINNING -> Harmonic Grid Trading System - Volcano Setup-gartley-bullish-pattern-success-volcano-setup-winner-2012-11-16_2221.png
    Gartley pattern fails but system is WINNING -> Harmonic Grid Trading System - Volcano Setup-gartley-pattern-fails-volcano-setup-system-winning.png
    Gartley pattern fails but volcano setup system in LOSS/DANGER -> Harmonic Grid Trading System - Volcano Setup-gartley-pattern-fails-volcano-setup-system-loss.png
    dezire likes this.

  5. #25
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    The "Danger" setup wasn't actually that critical, eventually market went strong up.
    What I think, maybe it's a good idea to add some oposit trades after the market went some distance in the one direction... For example, if the martket opened 3 sell orders, and now is going up and had open 6 long trades, maybe it's a good idea to open another sell order, in case the market will reverse. We will not be in profit that quickly doing this, but if market will go back down, we can take the profit from the short trade... I still believe, we can improve this system. Post your ideas guys!

  6. #26
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    Dec 2012
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    I'd really like to hear more about this guys! Let's get some more discussion going

  7. #27
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    Hi Fx4mt,

    thanks for refreshing this thread looks like nobody here has got any idea how to tweak this method so far
    I tried couple of different combinations, like limiting the number of grid lines (like 4 up and 4 down), but the results were mixed.
    I think it may be a good idea to experiment not only with limiting the grid, but also adding mixed position sizes, based on what market is currently doing.
    And still try to have not so dramatic r:r ratio

  8. #28
    Junior Member
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    Jul 2012
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    can you share your Gartley pattern with tp sl and info on right top corner. thank you

  9. #29
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    Apr 2012
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    Finally stopped lurking...

    Dear All,

    I chime in sometimes but mainly I stay on the outer... I gave reference to a tool to assist with this setup but found it wasn't customizable enough for my liking.

    With that said, here is the final tool that I use, created as a script and is fully customizable. In its present format, it is set for how I trade but delve right in and change it how you want. There are no restrictions on levels or values. Currently there are 8 levels define but it is no problem to add more. If you have any difficulty doing this, let me know and I will change it accordingly.

    Attached is the tool and a screenshot of how I use it myself.

    Kind regards
    RM

    Harmonic Grid Trading System - Volcano Setup-ta_2feb13.gif
    Attached Files Attached Files
    bubbadirect and wickedwin like this.

  10. #30
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    Jan 2012
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    thank you for the share
    Last edited by wickedwin; 02-02-2013 at 01:13 PM.
    Quote Originally Posted by kor4x View Post
    Price action is lagging

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