« Bending the Trading Rules | Main | 5 Questions with John Carter »

Fibbles in Metatrader

A week ago or so, we did a webinar for FXCM and talked about channel trading and fib retracements of the inside of channels. Many of you asked for a way to draw these "fibbles," as they are called, in Metatrader.

Here is how to draw Fibonacci channels (with fibbles) in Metatrader:

1. Click Insert->Channels->Fibonacci

2. You can now choose which (fibonacci) levels you want by right clicking on the channel, choosing "fibo channel properties" and then choosing "fibo levels".

Thanks to Vincent for helping me remember how this is done.

If you find that you don't like the way this looks, or that MT doesn't do as good of a job as xtick does at producing these fibbles, then you might have to switch to xtick.

Posted by Rob on August 23, 2007 09:23 AM | Permalink

Comments

Thanks Rob,
For others that have trouble with this. You will need to used negitive levels for them to show up inside the Channel. Add -0.618, -0.50 and -0.382 for them to look like your X tick charts.

Hope this helps.
James

Posted by: James | August 23, 2007 11:46 AM

Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)

Subscribe to the blog

Enter your email address:

Delivered by FeedBurner

Sponsored Links


Las Vegas Traders Expo
 

Warning: include_once(/home/www/robbooker/analyticstracking.php) [function.include-once]: failed to open stream: No such file or directory in /home/2/4/1/1026/1026/public_html/blog/2007/08/23/fibbles_in_metatrader.php on line 500

Warning: include_once() [function.include]: Failed opening '/home/www/robbooker/analyticstracking.php' for inclusion (include_path='.:/usr/local/php/share/pear') in /home/2/4/1/1026/1026/public_html/blog/2007/08/23/fibbles_in_metatrader.php on line 500