If there is roughly a random distribution of start times across brokers, it is possible that 75% of readers will not "see" the same 4 hour chart as Gleneagles. Luckily, the 5 min, 15 min and 60 min charts have no such problems.
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MTF Stochastics into MTF Stoch Histogram 8 replies
MTF Trix Meter 1.1d help! 0 replies
5 digits fro trix and mtf trix 2 replies
Anyone heard of the TRIX indicator ? 4 replies
Trix indicator 2 replies
DislikedHi all together,
I noticed that I am not the only one using "bomb"-indicators. But I made some bad experience with them. In the attached pic you can see what could happen.
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The first trade I took was announced by the shots of that "bomb"-indicator. If you look at the other indicators at that time (14:22 - GMT+3) you will easily see: NO - absolutly NO indicator shows a buy-signal. All indicators say "SELL". Ok, I was impressed by that shootig and that boms, I thought pehaps that indicator knows anything that the...Ignored
DislikedI even have not had an idea to trade according to such indicators as this "bomb" one. It is on my chart mainly as an artistic object
But I cannot see higher TF Trix on your chart? You have not considered MTF Trix confirmation?
What EMA do you use in the MTF indicator?Ignored
DislikedAl long as a have to wait or Singman's 4col indicator with "No-trade-areas" I use the DX Trade C4 indicator's arrows (big aqua and big magenta) with this settings:
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As the Trix poriod is 7 they react very similar to MTF-Trix-M15 set to period 3
My EMA #1 is MA in color_wAppliedPrice set to 12,3,6 and my EMA #2 is HAMA2 (pink and light blue histograms) that is set to 3 and 29. That HAMA2 is very similar to EMA 48 and substitudes my MTF-indicator.
I hope that Mr. SwingMan will find some time t program the 4col version...Ignored
DislikedPlease remember that if you use 60M or 240M as a trend filter, you DO NOT have to wait for a break of high/low for the trend signal to be considered " valid ".
I suggested to consider it if you use 30M.
If you feel that it will give you a safety belt by using high/low on 60M...by all means.
I always use high/lows on 5M candles on entry.Ignored
DislikedI have changed my chart a bit adding Trix M30 to it and setting DX info panel to show H4 Trix. Now I see 5 different TFs on one chart.
Visually I would say that big arrows (Trix+2 MAs) are valid if M15 and H1 agree and small arrows (Trix+MA) only when all (M15, M30, H1) agree.
H4 is just for seeing the bigger picture and predicting what may happen.
Also turned Trix colours upside down according to what I said before - if Trix is above...Ignored
DislikedThis is a GREAT idea...how did you turn your Trix colors uside down? Reverse the values?
Also, your Trix +2MA's (10/40) right?Ignored
DislikedAl long as a have to wait or Singman's 4col indicator with "No-trade-areas" I use the DX Trade C4 indicator's arrows (big aqua and big magenta) with this settings:
Attachment
As the Trix poriod is 7 they react very similar to MTF-Trix-M15 set to period 3
My EMA #1 is MA in color_wAppliedPrice set to 12,3,6 and my EMA #2 is HAMA2 (pink and light blue histograms) that is set to 3 and 29. That HAMA2 is very similar to EMA 48 and substitudes my MTF-indicator.
I hope that Mr. SwingMan will find some time t program the...Ignored
DislikedOk, that makes sense, and I will probably use it as a safety belt for a few weeks as I groove this plan/approach into my trading.
Have you thought of a way to reduce the number of signals you get...even on H4 there are quite a few!Ignored
DislikedIt is worth bearing in mind here that 4 hour candles start at different times depending on your broker server time....Ignored
DislikedSorry Pilotui,
I'm not a programmer or coder. All I know is this setting type 3, period 29 and I know that this is even shown in the mq4-file. If you are able to change the setting of a mq4-file than it would be easy to code other settings.
Here you will find the ex4 and the mq4:
http://www.forexfactory.com/showpost...postcount=4336Ignored
DislikedYou can open mq4 file in Notepad (or some other txt editor) and just change the inputs (2 numbers) there.
When you open HAMA2.mq4 then somewhere you see:
int MaMetod = 3;
int MaPeriod = 29;
Change these numbers and save the file. Should workIgnored
DislikedHere are the trades for MTF 240 for Friday.
1) White line is where trend signal change happened ( short )
2) Only looking for sell signals using 15M and 5M after trend change
3) First red vertical line is the first sell signal
4) Second red line is second sell signal
5) Third red line..sorry that is on Monday at 06h00 GMT
First trade: +25 +35 +50
Second trade: +25Ignored