|realjumper ||Jul 11, 2019 5:21am | Post# 1271 |
Unfortunately it's red pips for me this week so far. But as I am only testing this method to find what works for me I have kept the trades small and when viewed account wise it's only a 0.68% drop and i can easily live with that. The trades I took all married up well with the conditions set by RH but I did notice that there was always 1 indicator in the matrix ea that didn't line up with the trade. Mostly it was the tvi that was different. I am now going to include in the method that all indicators in the matrix are in line with the trade I am taking....
I don't use this method, but I do have a lot of experience with the Genesis Matrix, but take this for what it's worth.
One reason that I don't use the Matrix any longer is for (mainly) the reason you mention....it takes a long time for all 4 of the Matrix members to agree. Sometimes that's good because it helps to keep you from getting into a bad trade, but very often waiting for all 4 to agree ends in a late entry. Not only that, once you've entered, if one changes colour, then you may be inclined to exit the trade which could mean that you're getting out of the trade too early! Generally speaking, the more indicators you add, (and remember that the Matrix is comprised of 4 indicators) the more you have to wait for everything to align before you enter. But, once they ARE all aligned, that doesn't necessarily mean that the trade is going to fly. It might, and it might not. Your entry might be late, for example.
Xaphod did great work on creating the Genesis Matrix, but, imo, a few well chosen indicators, once completely understood, can be a great help to the trader. Too many indicators can lead to hesitation and indecision. The old saying of 'Too many cooks spoil the broth' rings true here.