Abiyanto’s Small World

I’ve been drawn in my project’s coding software when my eyes catch in glance a picture about interesting forex indicator. It’s been known as Murry Math Lines. It’s kind of fibo lines, but it will be automatically calculated on your chart.
Then my interest pushed doing a little googilng about this indicator. Here’s what I found out:

1. Line 8/8 и 0/8 (Ultimate Support and Ultimate Resistance).
Those lines are the most strong concerning Support and resistance.

2. Line 7/8 (Weak, Place to Stop and Reverse).
This line is weak. If suddenly the price was going too fast and too far and stops around this line it means the price will reverse down very soon. If the price did not stop near this line this price will continue the movement to the line 8/8.

3. Line 1/8 (Weak, Place to Stop and Reverse).
This line is weak. If suddenly the price was going too fast and too far and stops around this line it means the price will reverse up very soon. If the price did not stop near this line this price will continue the movement down to the line 0/8.

4. Line 2/8 and 6/8 (Pivot, Reverse)
Those two lines yield the line 4/8 only to the strength to reverse the price movement.

5. Line 5/8 (Top of Trading Range)
The price is spending the about 40% of the time on the movement between the lines 5/8 and 3/8. If the price is moving near line 5/8 and stopping near the line during the 10 - 12 days so it means that it is necessary to sell in this “bonus zone” (some people are doing like this) but if the price is keeping the tendency to stay above 5/8 line, so it means that the price will be above. But if the price is droping below 5/8 line it means that the price will continue falling to the next level of resistance.

6. Line 3/8 (Bottom of Trading Range).
If the price is below this line and in uptrend it means that it will be very difficult for the price to break this level. If the price broke this line during the uptrend and staying above during the 10- 12 days it means that the price will be above this line during the 40% of its time moving between this line and 5/8 line.

7. Line 4/8 (Major Support/Resistance Line).
It is the major line concerning support and resistance. This leve is the better for the new sell or buy. It is the strong level of support of the price is above 4/8. It is the fine resistance line if the price is below this 4/8 line.

I hope this will be useful for forex traders.

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This week, I’ve tested an Expert Advisor called Bonansa.

From the back testing, this EA gave an impressive result, 65 consecutive wins and 1 consecutive lose.

As the author says, the trial version is restricted to use the registered account name only. The trial version will expire in about a week. Other functions are all the same as the genuine version.

BN328 ( Bonansa EA ) should open positions 04:00-06:59 now in Tokyo. So that you should set the parameter “EntryHour” to 22 at FXDD during its summer time. Afer the summer time, you should change “EntryHour” to 23. So BN328 will open positions 5:00-7:59 after the summer time.

You can find the full EA description here. The author will give you a week trial by completing this form.

I was late to start the test this week. I suppose to started test it on Monday, but I started it on Tuesday due to my busy time. The EA has rarely opened trades. In 4 days trial, it only opened 12 positions. But the good news is, they’re all win trades with no losing trades. You can see my one week trial forward test here.

Unfortunately, the author will only give you one week trial to test the EA. I know, a week trial will not give you adequate time to review an EA’s performance. But I think it’s worth to try. And as the author says, though it’s only a trial version, you may able to test it on your real account.

Good luck.

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