Thanks for understanding
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MTF Stochastics into MTF Stoch Histogram 8 replies
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5 digits fro trix and mtf trix 2 replies
Anyone heard of the TRIX indicator ? 4 replies
Trix indicator 2 replies
DislikedMaybe you have already said that (if so, sorry for asking over) but - what Trix and MA settings do you use for arrows? I guess, it is DXTrade C4 that I see on your chart, it means one Trix and two MAs?Ignored
DislikedYes I have the DX C4 for the arrows set at 3, the MA is the MA in color with Applied Price set at 8 3 6
The larger MA is the 744 which is the equivalent to eohaters 1hr 62 which I like to watch because it will very often bounce off of it.Ignored
DislikedSorry Indrek, the DX C4 that I'm using I think is the first one he made and that doesn't have where you can change the settings for the MA's but if I right click on, it says DXTrade C4 3 E E E C 8Ignored
DislikedIs the 8 maybe for MA then? Possible - a combination of Trix3 and MA8... If so, then the MA duplicates the one that you have attached to your chart.
I use the newest version of DX C4, I think. And the main thing I like in it is that it includes one Trix and 2 MAs and all of them are adjustable.Ignored
DislikedAUDJPY +30 +60 +90 +120
I have only EURUSD 240M open at present and a small position on GBPUSD 30M 5M
It has been a long session but worthwhile, every month without fail, 5-6 trading days will provide a one way trend where you can make a substantial number of pips by combining the trades across different trendfilters, setting different TP and let the EA do the work.
Normally the starting point is early LDN/EUR session and if it runs right into NY, you score big.
I am going to take a break now and NOT post the detailed trade results today.
I will...Ignored
DislikedTrying to figure out you way of tradeing with those 240m trix and 60 min
This is the way i did it...
I have 5 min open chart with trix m5 set at 7 2 2 1
Then i have open 15 min chart below it with trix set at 60 min and 3 1 1 1
and trix set at 240 min 3 1 1 1
I enter if those 60 and 240 are the same color and when i get that 5 min trix entry...my TP is 30 and SL is 60
Sometimes i move SL to entry after 25 pips in+
What do you think about it?
How you set those?
Regards
PredragIgnored
DislikedUsing GE system:
Drew the Break Box (BB) on 30 Min alert candle after close and switched to M5 Chart to trade the PA.
Since it didn't break out Long (The Direction of the alert) I went short when it broke through the Low of the Signal candle.
Since it was AGAINST the Signal Candle Alert, I set TP @ 10 pip.
GU +10
By the way anyone else having massive disconnect issues with MT4!?? It's logging on and off like it's going out of style.Ignored
DislikedMarket is consolidating before the next move.
Don`t even consider counter trend moves today.
You scored 10 pips because your trade was with the main trendIgnored
DislikedGood point. I tend to trade in a vacuum..and hopefully this strat will get me to consider all TF's not just what I see!
Thanks!
DarrenIgnored
DislikedMake a short checklist.
1) 240M Trend Long...Short
2) 60M Trend Long..Short
3) 30 M Trend Long..Short
4) 15M Ditto
5) 5M Ditto
Add:
Major economic announcements due Yes/No
Daily trading range > 80% average Yes/No
Pivot/Big number within 10 pips of entry Yes/No
You will already have the odds on your side without doing anything extra.Ignored
DislikedGleneagles,
Thank you for you contributions to this thread - I have found them very helpful.
I would like to ask - when you are waiting for price to break a S/R from a 30 minute candle on a 5 minute chart, do you enter as soon as the line is broken, or when the 5 min candle ends to ensure it closes above / below the line?
Many thanks.Ignored
DislikedGBPUSD +60 +80
Made an early start because of downside gap and bear pressure on 240m as well as daily chart.
Will post trade summary late NY session.Ignored
Dislikedis that 1 pip enough to indicate a support/resistance break? especially in these choppy market days, I would wait for at least a 5 pip breach.Ignored