Macfibo system

[johnnyfx91]

I have trouble with internet for the past few days and I’ve not traded. Sorry for the silence for me. I will read all the posts and will try to answer/response as quickly as I can before my internet goes kaput again…

THANKS FOR THE INTEREST OF THE SYSTEM BY THE WAY!

Hi Sufian! We missed you!! :59: :60:

[kanmano]

wwwwwwwwwwwwaiting:24:

[christinaa]

kanmano

hows your trades with eurgbp going?
what session do you trade it in?

[kanmano]

have not traded eur/gbp
prior i had traded pre-us

[christinaa]

hi sufiansaid
are you having success with any other pairs apart from EU and gold?
Thanks

[alva]

hi sufiansaid
are you having success with any other pairs apart from EU and gold?
Thanks

I think the thread is dead - macfibo + EA don´t seem to be successful finally.

[niX1990]

I think the thread is dead - macfibo + EA don´t seem to be successful finally.

And you can say that because…? …you traded this with profit for a long time? …you backtested it?
Even though I am studying price action right now I still kept the Macfibo MA’s on some charts and spot several valid entrys that wouldve worked out perfectly on a daily basis.
Why on earth do you think Macfibo doesnt seem to be successful?

[Yaman]

I think the thread is dead - macfibo + EA don´t seem to be successful finally.

Just because this system cant be coded into an EA doesnt mean it is dead. Sufiansaid has always said that it is a manual sytem that takes alot of work backtesting to make it work going forward, and that is what i am doing.
Manual backtesting is a slow process, it takes me about an hour do test one month, but it is worth it, you will learn much more about price action than you would using an EA

[johnnyfx91]

@Yaman

Just because this system cant be coded into an EA doesnt mean it is dead. Sufiansaid has always said that it is a manual sytem that takes alot of work backtesting to make it work going forward, and that is what i am doing.
Manual backtesting is a slow process, it takes me about an hour do test one month, but it is worth it, you will learn much more about price action than you would using an EA

I believe a Macfibo EA has already been created. It’s creator backtested the Macfibo system from 2009 to the present, and discovered that Macfibo was in fact not profitable (his results were roughly break even over the duration of 3yrs of Macfibo trading). You can read all about it here on post #57 on this thead - http://forums.babypips.com/expert-advisors-automated-trading/44489-macfibo-ea-6.html

The Macfibo EA is available on MQL4.com, and the author of the EA has stated emphatically that Macfibo is not profitable over the longterm.

[kanmano]

i m a nu-b but this much i can say a ea does not think v do

[kanmano]

bang on
but where is sufian???

[alfa2]

Gergő, I think you are right. If Sufian’s system is applied with brain and not like a robot, it is a system which may help us to win. Let’s consider it as a good help in our decisions. Don’t use it blindly.

[apfrezza]

I have a solution for everybody here.
I have started using MacFibo with mini lots since three weeks now. Results: around 100 pips lost…the solution is if I enter a trade I should advise everybody and then everybody should do the exact contrary of my trade…if there is a signal that I decide not to trade then everybody should trade.
It’s for sure a Holy Grail. Believe me. I will try to post my trade here since tomorrow.

[luckyelms]

I have a solution for everybody here.
I have started using MacFibo with mini lots since three weeks now. Results: around 100 pips lost…the solution is if I enter a trade I should advise everybody and then everybody should do the exact contrary of my trade…if there is a signal that I decide not to trade then everybody should trade.
It’s for sure a Holy Grail. Believe me. I will try to post my trade here since tomorrow.

Interesting … and u r the holy grail? no hard feelings here BUT I THINK EVERY ONE HERE MAY BE MISSING THE REAL HOLLY GRAIL OF FX: THE PSYCHOLOGY OF TRADING. There’s no single system that will give u consistent results. and no two traders will get the same results given the same time frame. I dont think a person can ever master fx unless they have read and integrated mark Douglas’ trading in the zone (or his earlier book the disciplined trader). Maybe there are other better books but to me none beats these two. Its yo perception of the market not the macfibo that wins of money. download them cos they are all over the net. i have been back testing macfibo up to June 13th 2012 and am satisfied.Morover am using the 30min chart, the one sufian recommends against! So y are u failing? Try integration other rules in macfibo e.g risk management. yo sl should never be more than 3% of yo equity. avoid ranging markets etc… ohhh and use trade simulator and do backtesting of the same trades u lost. the links to trade simulator are in this thread somewhere. i posted it.

[Silligoose]

I’m new to babypips and this system interests me a great deal (along with price action). I have been reading through the thread as time has allowed. It seems to be dying out, though I hope that certainly isn’t the case as I would love more info other than what has already been stated in the pdf and this thread. As i have been reading through I picked up on more tips that Safian has mentioned that can be integrated (such as news candles, daily range etc) that I have added in my notes and will implement in the backtest.

Currently I am heeding Safian’s advice and starting to backtest this system MANUALLY (oh such fun hahaha) so as to better understand the mechanics at work and the system as a whole. I do hope this thread continues and that we can help one another increase our understanding.

I’d also like to thank Safian for introducing us to his system and taking all the time he did in replying to people’s questions, as well as the other posters who helped along the way.

[Fxdaselva]

Hey Guys!

I am using Sufian’s system from april (on 6currencies GBPUSD, GBPJPY, EURUSD, USDCAD, AUDUSD, USDJPY), it is profitable, but I think it would be helpful for you to know my story…

First I made an EA based on this system (about March 2012) in metatrader 4. I have a mathematician friend with 5+ years of experience in programming, he helped me a lot. And you know what? It was bad as hell on EURUSD. First I thought that Sufian is only a funny guy who is posting about a bad system, but after I analyzed the EA trades i recognized tons of problems…

First i compared the trades with Sufians reports in this thread.
One of the most important thing is, that I haven’t got 100% accurate, tick level historical data, and it leads to huge inaccuracy in the EA trades. I tried to fix it, and believe me it was difficult. When i had good historical data the system still produced losses. I run my EA from 01.2010. to 04.2012. the results were really bad, but i got 810 trade signals on my EURUSD chart, so i went through onebyone. The main problems:

• Hard to determine the AB points for Fibonacci with an algorithm
• You can not code market events, news from the past into an EA, you can not code that Spain ask for help from the EU, and you can not code the effect on the EURUSD
• Hard to determine the SR lines for the EA (the last days high-low method was not good…for me)
• An EA doesn’t know what more or less means (f.e.:TP more or less at lvl 1.618)

Anyway i backtest the system again, using EURUSD, GBPUSD, USDCAD historcal datas. This time i try to correct the EA trades manually. I used only the main signal, but with SR lines and AB points for FIBO defined by my eyes.
Results:
EURUSD: +2734pip (01.2010-04.2012)
USDCAD: +1705pip (01.2010-04.2012)
GBPUSD: +1779pip (01.2010-12.2010)

But… my trades still not equal to Sufian’s trades.

I am not sure, but I think Sufian’s system is not a holy grail. It fails a lot of times if you trade mechanically. But if you use your brain, you practice a lot, you will learn how to use it, how to determine SR lines, how to determine the AB points, and so on… But your results will never be the same with me or with Sufian, but it still can be profitable.

According to my backtest, Sufian’s method is good for me, well…with some restrictions (the backtest results i mentioned above was made with this rules):

• I start only from 3 hours before London opens, and i finish when London close
• I ignore signals one hour before London opens
• I trade only main signals
• If the potential win is lower than 10-15 pips i ignore the signal (because of the spreads)
• I ignore signals before big news
• I made my decisions according to the market conditions (trends, ranges, SR lines, etc…)

Now i am testing the system on real account, but only with micro lots, and it is soooo different… I feel I learn a lot every day, this is why I made a trade diary, and I write down my experiences every day. From may 2012 I made around 200pips, and 66% of my trades are winner (I had 61 positions). But these are my results, not yours, my experiences, not yours.

My opinion is that the rules i described in this long post will not work for anyone else, because we are not robots, we are different. So when i see that it is a huge downtrend, i think twice to long, and when we have a range market I think twice to put money on breakout, etc…

I think the key for the successful MacFibo system is to determine good SR lines and AB points, and know when to risk. To know this you have to backtest, and after testing you have to use a real account with real MONEY, of course start with the minimum lots. And it is possible, that you fail, even that you will loose some money, and most importantly it is possible, that the method isn’t good for you. But hey, it is trading, it is part of the game.

Maybe you think all of this post is bull****, but think about it again, with cool mind. One method which works without any kind of modifications, customizations, experiences, practicing will gain several hundred pips on every single month for anybody?

And you just googled this method from the internet…

Gergo.

Can´t agree more with you friend. I ve been trying to find a hollygrail for about 5 years, tried amolst everything, and guess what there is no such a thing.
Sufian gave us a powerfull system that can be really profitable if you use it according to the rules and brain. I can say that now after backtesting it and using it on foward test, which in my oppinion is the best way to test any system.
I bet Sufian developed an ea (proffitable one) and at this exact moment he is at the beach some where in the world playing good soccer with his kid and glad to have a good system that provides him a good cash every month.
I will get there some day.

[apfrezza]

I’ve just entered with eur/usd main signal (1hr chart).

I went long @ 1.25758
SL: 1.25401
TP: 1.2593

I didn’t used the 161.8 tp because there is the pivot point in between 127.2 and 161.8 and therefore I preferred not to risk for a reversal.

If some of you red my previous threads then he should take his consequences…

[apfrezza]

I’ve just entered with eur/usd main signal (1hr chart).

I went long @ 1.25758
SL: 1.25401
TP: 1.2593

I didn’t used the 161.8 tp because there is the pivot point in between 127.2 and 161.8 and therefore I preferred not to risk for a reversal.

If some of you red my previous threads then he should take his consequences…

Probably someone continue to not believe me or to say that I am not good for other reason…but here is it another example that I am a HOLY GRAIL!!!

Immediately after having placed the order…everything changed and STOP LOSS was achieved.

Please we need to make an experiment. I will post my trade and someone should do the opposite. It’s a sure winning!!! (and of course loosing for me…so I ask you to donate something to me for the service)

[apfrezza]

Here is my new trade with MacFIBO (h: 17.00 CET)

SELL EUR/USD @ 1.25343
TP: 1.25118
SL: 1.25658

:41:

[apfrezza]

I have a support line there around 1.2525, so I won’t take that signal. BTW I take the long signal you mentioned before, unfortunately that was a fakeout…

Yeah I know about that support line but I placed the order…I think that the system does not work…I have tried to use it with real account and I have lost so far 187 pips in one month. Probably my error is that I have traded only between 10.00 and 18.00 (London time) and sometime I couldn’t open a trade because I was doing other thing (but I have noticed that sometime I should have won and other lost)…

Probably we should find a filter to avoid many fake signals.