[paidperpip]

A great many number of us have benefited vastly from the wisdom and tutelage of Gleneagles throughout many threads. His contribution to the MTF Trix thread saw its numbers swell, and has given a great many number of traders a safe and viable method of working with the market.

This thread is dedicated to assisting Eaglets who are learning to fly. In these pages you will find a home for various trading ideas that could not fit into a thread tied exclusively to one trading methodology.

Also in this thread you will find some useful tools to assist you in your journey. No one really likes to hear the same questions asked and answered over and over again, and as such a PDF of all questions asked and answered will be placed here on page 1. This way, if you have a question, check the FAQ PDF first and see if someone else has already answered the question for you. This speeds up learning, dispenses information economically and also keeps the thread tidy.

In correspondence with Glen, he has mentioned that he would like to be able to share more trading ideas in a more open environment, but that he does not have the time to moderate a thread. To this end, I will do my best to keep things clean and tidy here, and more or less on track.

I don't mind a bit of banter, and the exchange of new ideas, but if you think you have a way to do something that is better than has already been posted, PLEASE do some backtesting and come back with some solid evidence. To this end, I would suggest being quite scientific about proposing a new idea. Give us some hard evidence and try to disprove your own theory yourself, instead of asking others to do it for you. Follow the Socratic Method, set up some tests, and if you can come back and post that "X% of the time Y happens...", then the rest of the thread readers have some statistical validity from with to asses your claims.

In short, if you have a theory, see if it holds water before posting about it. From what I can see, threads really suffer from flyaway ideas that never had a basis to begin with.

So, in closing, enjoy the discourse here. Learn heaps, trade well and have fun.


Attached below are the basic indis used in the MTF Trix setup, and the manual prepared by Lrathi.

[Iamfx]

Originally Posted by paidperpip

A great many number of us have benefited vastly from the wisdom and tutelage of Gleneagles throughout many threads....

Good onya paidperpip---how are YOU going to find the time?
Looking forward to the PDF
Cheers

[katz]

[quote=paidperpip;3140189]A great many number of us have benefited vastly from the wisdom and tutelage of Gleneagles throughout many threads. His contribution to the MTF Trix thread saw its numbers swell, and has given a great many number of traders a safe and viable method of working with the market.

This thread is dedicated to assisting Eaglets who are learning to fly. In these pages you will find a home for various trading ideas that could not fit into a thread tied exclusively to one trading methodology.

Also in this thread you will find some useful tools to assist you in your journey. No one really likes to hear the same questions asked and answered over and over again, and as such a PDF of all questions asked and answered will be placed here on page 1. This way, if you have a question, check the FAQ PDF first and see if someone else has already answered the question for you. This speeds up learning, dispenses information economically and also keeps the thread tidy......

I think this a great idea, my friend, and I'm sure many will benefit from your generous contribution here.

May good fortune be yours also.

Regards,
K

[paidperpip]

Originally Posted by Iamfx

Good onya paidperpip---how are YOU going to find the time?
Looking forward to the PDF
Cheers

Lol! Who knows mate...

We'll see how we go with it...

[lrathi]

Look forward to a warm home for my well received MTF manual so far.( over 3000+ downloads which was cut short with no valid reason given). I am so pleased I have a home for my gift to the FF community.

There is a new update v1.4 on the way.

I admire you for your time (which is scarce) your high standards and integrity to support what is right to all persons.

Kind regards,

[studbiol]

Hi Paidperpip,

a great for starting this thread.

I'm a great fan of the MTF-Trix idea ... but I feel sometimes missing something. I'm experimenting with a conclusion of Trix and Heiken-ashi variations. Maybe there will be a chance to give a little input on your thread.

Maybe it is correct to call for the puristic chart (less is more) but a lot of traders are looking for some confirmation besides the Trix. Even Indrek starts to use EMAs. Let's see what the future will cause to surprise us.

Let the eaglets lern to fly ...



... and become successful pip hunting eagles!

[studbiol]

Originally Posted by studbiol

... I'm experimenting with a conclusion of Trix and Heiken-ashi variations. Maybe there will be a chance to give a little input on your thread.

Hi there,

here is my first picture I want to share. As you can see I use the genuine template of Glen and attached 2 further indicators:

On the main chart I use the HAMA as a general filter to have a visual control of the main direction that PA takes.
On the lowest indicator window you see 4 MTF HAS which works similar to the MTF Trix indicators although they are calculated in a different way.



I trade never against the direction (colour) of the HAMA!
You can see that Trix 60,15,5 and HAS 60,15,5 show the same signals. The same do Trix 30,5 and HAS 30,5. I use MTF HAS as a filter to confirm Trix. In most cases they show the same signals … if it is so … I take the trade. I prefer the 60,15,5 as I'm a quite conservative trader avoiding to much risk potential.
ATTENTION: I take the trade always (O.K. most of them) according to Glen’s entry rules. I think Lrathi will post the manual soon so that I waive to repeat them now.

I’m sure that this idea will work even with Xecret’s MTF Trix that gives a little bit later entry signals.

The difference between HAMA 2 and HAMA 3 is only the width of the bricks as I use different magnifications of my charts.

Just an idea that works for me.

[studbiol]

Here we go ...



I have to confess that this trade was not according to any rules. I just saw the possibility and caught my pips.

Please remember: Handle the PA like a train ... do not try to catch a leaving train ... the next one will enter the station soon.



I had to make bad experience in the past when I lost money by not noting this old wisdom of stock trading. Lucky to get 26,6 pip!

[paidperpip]

Originally Posted by studbiol

Hi there,

here is my first picture I want to share. As you can see I use the genuine template of Glen and attached 2 further indicators:

On the main chart I use the HAMA as a general filter to have a visual control of the main direction that PA takes.
On the lowest indicator window you see 4 MTF HAS which works similar to the MTF Trix indicators although they are calculated in a different way.

Just an idea that works for me.

G'day Studbiol,

Good to see you here! Love the flying eagle... went looking for something like that, but could not find anything near as good as you have posted...

I have never really had much to do with HAMA, and know very little about it. But, if you feel that its use add's to your success rate, I would be happy to learn more. Could you do us all a little favor? Is it possible for you to compile a bit of an overview in a PDF or text document and attach it to the thread so that we may all get a bit of an understanding of its use and functions? Doesn't need to be an academic paper, just something that can assist the other traders on the forum in understanding where you are coming from, and how the HA works in general, and how it informs your trade decisions when it comes to MTF Trix.

Also, you mentioned that you generally take the trade if you get a Trix + HA confirmation. What percentage of 'bad trades' would you say you are able to filter out with the addition of the HA?

PPP

[paidperpip]

Originally Posted by lrathi

Look forward to a warm home for my well received MTF manual so far.( over 3000+ downloads which was cut short with no valid reason given). I am so pleased I have a home for my gift to the FF community.

There is a new update v1.4 on the way.

I admire you for your time (which is scarce) your high standards and integrity to support what is right to all persons.

Kind regards,

Warmest of welcomes to you!

I would like to acknowledge Lrathi as a contributor of premium content, and welcome her sharing her manual here. Like myself, she values open learning and the spirit of corroboration.

From my own point of view, I must admit that I am no great master of flight yet! I am still learning, and I view this thread as OURS rather than MINE. My hope is, as a community, we can find some real trading gems here. My time is limited as far as trading is concerned, and as such I have not had the freedom to be able to emulate Glen's success rates.

So, this thread will be only as good as you and I can make it... If you are in the nest, and have a contribution to make, feel free... but educate us as the same time. Make us think. Give us something solid to work with.

PPP

[paidperpip]

I'm keen to know what everyone's favorite pairs and time frames are.

I know Glen favors GU first, looking for a setup there before looking elsewhere.

What is consensus on the best pairs to trade during the UK and US sessions?

Currently, I have GU, GJ, EJ, AJ, EU and AU open, but is this overkill?

Also, I have noticed that often if there is a bumpy ride in the UK session, it tends to be better in the US session, or vice versa. Who else sees this? I have taken heart that if I crash and burn during UK (and if I am able to trade US), there is a chance for a reprieve. However, if the UK session is good, I will often sit the US session out.

[studbiol]

Originally Posted by paidperpip

Is it possible for you to compile a bit of an overview in a PDF or text document and attach it to the thread so that we may all get a bit of an understanding of its use and functions? Doesn't need to be an academic paper ...
PPP

Hi PPP,

I beg your pardon but my English is not good enough to write a PDF about Heiken ashi and HAMA. I’ll try to do my best to explain how I use those indicators.

When I started to watch PA I switched from bars to Japanese candlesticks. These candlestick show the opening, the close, the high and the low of a chosen time period. Up-moving candles are green (or what ever colour you prefer) and down-moving candles are red (or what ever colour you prefer). My first experience with Heiken-ashi candles showed me that they are more like an indicator. They show up-trends and down-trends by using different colours what means that they are trend following indicators.

As I prefer Japanese candlesticks to watch the movement of the PA I favour on my template the use of HAMA that looks a bit like Heiken Ashi, but this HAMA is a moving average of Heiken-ashi and it points directly to favourable entry/exit points and moreover provides guidance while your trade is on its way.

If you start using HAMA for the first time than watch crossing moments of HAMA with Japanese candlesticks. The crossings tell you when to enter or when to exit a trade. There are lots of academic rules when and where the exact trading points are confirmed. I attach a link to a little e-book that tells more about the use of Heiken-ashi and HAMA.

http://www.earnforex.com/forex_e-books/trading_strategy/Using_The_Heikin_Ashi_Technique_D_V alcu.pdf

When I trade the MTF-Trix I will always pay attention to the direction (colour) of the HAMA and I never trade against the direction (colour) of the HAMA!

On the bottom of my chart you will see the “4TF HAS” indicator display four timeframes. If your platform is set to 5M you will see 5M, 15M, 30M & 1H. I found out that it helps me to filter out some bad trades. As I wrote before: You can see that Trix 60,15,5 and HAS 60,15,5 show the same signals. The same do Trix 30,5 and HAS 30,5. I use MTF HAS as a filter to confirm Trix. In most cases they show the same signals … if it is so … I take the trade.

That means:
1. Look at MTF-Trix for a trading signal
2. Compare the 4TF HAS indicator whether it shows the same signals
3. Make sure that the HAMA shows the direction of your trading decision

Now your decision should be a serious one and you will enter the trade by Glen’s rules.

That’s all.

Perhaps Lrathi can attach some more info. I think she is a mathematician.

Originally Posted by paidperpip

Also, you mentioned that you generally take the trade if you get a Trix + HA confirmation. What percentage of 'bad trades' would you say you are able to filter out with the addition of the HA?

Sorry, but I don’t know any percentage. I will look for examples when MTF-Trix says “enter” and HAS says ”do not enter” or vice versa. As soon as I can … I will post the charts here. May be that my thoughts are too defensive but I think it will be better for me to look at the chart and think by myself: “I would like to be in a trade” instead of being in a trade and think to myself: ”I would I hadn’t taken this trade”. As I wrote above: Handle the PA like a train ... do not try to catch a leaving train ... the next one will enter the station soon. Traders should be patient.

So for now … it is late in Germany and I’m going to sleep now.

[CodeMonkey]

Thanks for starting the thread

Originally Posted by paidperpip

A great many number of us have benefited vastly from the wisdom and tutelage of Gleneagles throughout many threads.
.......

So, in closing, enjoy the discourse here. Learn heaps, trade well and have fun.

[Iamfx]

Originally Posted by studbiol

Here we go ...

Attachment 335670

I have to confess that this trade was not according to any rules. I just saw the possibility and caught my pips.

Please remember: Handle the PA like a train ... do not try to catch a leaving train ... the next one will enter the station soon.

Attachment 335669

I had to make bad experience in the past when I lost money by not noting this old wisdom of stock trading. Lucky to get 26,6 pip!

G'day Studbiol
This indy just appears as all red on all TF's Tried reloading several times. Do you use XP--maybe only vista edition?
Any help appreciated

[studbiol]

Originally Posted by Iamfx

G'day Studbiol
This indy just appears as all red on all TF's Tried reloading several times. Do you use XP--maybe only vista edition?
Any help appreciated

Hi, I think I know the problem: You need Heiken_Ashi_smoothed.ex4 in your indicator folder. You need not to have it on your chart. It is attached and I hope that this is the solution.

An other question was: What is the difference between the HAMA2 and 3? Are both necessary on the chart?

The only difference is the width of the bricks. The indicators are equal. I modified the HAMA 3 only because I use different magnifications of my charts. Try out what suites better to your visual preference.