Additional Indicators for the Genesis Matrix Trading System 683 replies
Genesis Matrix Trading indicator 20 replies
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Genesis Matrix Journal 5 replies
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DislikedHi & welcome Slim as it was your first post,
I'll try to answer your points in as much details as I can...
The difference between your 2 posted charts is that the top one shows the basic MT4 candlesticks/candles and the bottom one shows Heiken Ashi (HA) candles, favoured by RJ and others (a part of RJ's setup is that the HA candle following a Matrix signal must open clear of the yellow MA). Below I've reposted an old Pdf of his (the Genesis matrix is now different but the trading principles are still the same: worth a good read and...Ignored
DislikedHello fellow traders! (my 1st post )
I'm an absolute noob but i have done about 7 months of educating myself about forex. I congratulate the traders that developed this system and wish them great success (even greater success ).
As i was reading what people are saying and attempting to trade the system myself I ended up losing money primarily because well..im a noob. .....
Cheers for the help.Ignored
Concerning specifically your trades I see you use M15 TF. It is important to understand what kind of trades you are looking for (if you like scalping I think M5 is better but if you prefer let me say swing trading M15 could be ok … but this is my personal opinion).
When you got in the market price action was in a narrow range (about 35 – 40 pips) between R1P and a support (besides there were some other long term S/R and fibo levels). As I said The lagging factor and the range killed you. In these cases you have two choices : 1 move to lower TFs for scalping or 2 wait (also not to trade is trading) … the second one is my best choice.
Let me close with other two little advises :
· MM (never overtrade) and always protect your precious capital with SL and moving it to BE as soon as possible.
· Know yourself …. This is also an investment you can do for your life
I am sorry for this long post and for my bad English, I hope this could help you and someone else here.
Have a great future in this business
Ciao
wiz
DislikedHI Real Jumper,
Congratulations on starting a new forum.
I have downloaded all your indicators and I have placed them in the indicators folder. But the first row is always of the same colour.
Can you please advise?
I am going to try this method in my demo account for a week or two.
Very simple, straight forward system with a smaller stop loss. I like the idea.
thanksIgnored
DislikedFor new(ish) traders....
Simplicity is key !
I've said it before on Symphonie's and I'll say it again here: on page one you have all you need. Download RJ's zip file, install everything on the instruments that you want to trade and don't add anything else.
It's not that all the founders of Symphonie/Genesis are hiding anything, I genuinely believe that they trade exactly as described and that the only other indicator that they use is their experience (unfortunately we can't yet code that into an indicator lol).
They have given us a whole...Ignored
DislikedThe current matrix limits the number of bars you can backtest to 1500 for the T3 line.
The files attached will allow you to backtest the matrix further, up to the number of bars on your chart, if you wish. There is one additional parameter available when you attach the matrix to your chart: T3_8.BarCount with a default value of 1500. Change the 1500 to a higher number to allow the T3 line to display accurately further back in time.
http://i50.tinypic.com/iege50.jpg
Use the default for live and demo trading to prevent sluggish response....Ignored
DislikedHI Real Jumper,
I have downloaded all your indicators and I have placed them in the indicators folder. But the first row is always of the same colour.
Can you please advise?Ignored
DislikedJust disovered and completed reading this thread. Sorry for the rudimentary/basic question, but when I load the "genesis ind templ" from post *1 on to my MT4 platform, the Heiken Ashi candles, moving average and Stochs load , but the Matrix boxes and the arrows are not on the chart. I have tried everything I can think of to resolve this but can't. I am not new to forex trading and I am excited to try this system, just need to get it loaded on the chart. Again i appologize for the basic question, but any help would be greatly appreciated. Thanks...Ignored
DislikedFor new(ish) traders....
Simplicity is key !
I've said it before on Symphonie's and I'll say it again here: on page one you have all you need. Download RJ's zip file, install everything on the instruments that you want to trade and don't add anything else.Ignored