" Never let the past hold the future to ransom "
- #1,661
- Aug 28, 2009 9:41am Aug 28, 2009 9:41am
- Joined Apr 2005 | Status: Mr. R.E. TIRED | 4,540 Posts
- #1,662
- Edited 9:47am Aug 28, 2009 9:42am | Edited 9:47am
I have just received an email from Boston.
They had a few technical problems earlier.
My MT4 is fed by IBFX. I closed the platform and reopened it. The signal arrow is still in the same position as my earlier chart snapshot from this morning. I think it is the guys at Boston have been drinking too much beer... lol
and as for The Mystery of the Missing Signal Arrows, Dr Watson... The relevant code in the indicator is
bool bCrossUP = dClose > dAverage;
bool bCrossDN = dClose < dAverage;
In English, this means an UP signal is given if the Close is greater than the relevant moving average value. It is a filter - perhaps you only want to see long signals above the 200 ma for example. However, the average is set to use values of the LWMA using the "weighted" option. The manual says this is
PRICE_WEIGHTED 6 Weighted close price, (high+low+close+close)/4.
Yesterday at 16:00 GMT on the 60 min chart was the first green candle showing TRIX change up. The average of the 4 values is 4268 and the close value was 4266. So no UP signal was printed.
At 09:00 yesterday on the same chart was another UP signal. The 4 values averaged came to 4259 and the close value was 4264. So here an UP signal was printed. So the seeming anomaly is caused by the fact that moving averages usually use the Close value, except here Swingman has coded the indicator to use the weighted values.
- #1,663
- Aug 28, 2009 9:46am Aug 28, 2009 9:46am
- Joined Apr 2005 | Status: Mr. R.E. TIRED | 4,540 Posts
[quote=Royston;3003279]hullo all,
My MT4 is fed by IBFX. I closed the platform and reopened it. The signal arrow is still in the same position as my earlier chart snapshot from this morning. I think it is the guys at Boston have been drinking too much beer... lol
Thanks Royston,
It is easier for me to look for a new provider than to stop drinking beer
My MT4 is fed by IBFX. I closed the platform and reopened it. The signal arrow is still in the same position as my earlier chart snapshot from this morning. I think it is the guys at Boston have been drinking too much beer... lol
Thanks Royston,
It is easier for me to look for a new provider than to stop drinking beer
" Never let the past hold the future to ransom "
- #1,664
- Aug 28, 2009 9:46am Aug 28, 2009 9:46am
- Joined Jun 2009 | Status: Trader | 2,430 Posts
hullo all,
My MT4 is fed by IBFX....
As much as I understand now, if I set MA period to 1, method to 0 and price mode also to 0 then I will see only Trix signals and MA will be eliminated. (The MA will be then Simple Moving Average using Close price.)
Am I right?
- #1,665
- Aug 28, 2009 9:51am Aug 28, 2009 9:51am
- Joined Jun 2009 | Status: Trader | 2,430 Posts
Thanks, Sherlock
As much as I understand now, if I set MA period to 1, method to 0 and price mode also to 0 then I will see only Trix signals and MA will be eliminated. (The MA will be then Simple Moving Average using Close price.)
Am I right?
Correct setting for eliminating MA is: period 1, method 1, price 1
- #1,666
- Aug 28, 2009 9:55am Aug 28, 2009 9:55am
Thanks, Sherlock
As much as I understand now, if I set MA period to 1, method to 0 and price mode also to 0 then I will see only Trix signals and MA will be eliminated. (The MA will be then Simple Moving Average using Close price.)
Am I right?
- #1,668
- Aug 28, 2009 9:59am Aug 28, 2009 9:59am
- Joined Apr 2005 | Status: Mr. R.E. TIRED | 4,540 Posts
Outside of the recommended trading time (~22:00 EST)
Not only that but I was trading right at a support level.
See attached charts.
Doc
" Never let the past hold the future to ransom "
- #1,669
- Aug 28, 2009 9:59am Aug 28, 2009 9:59am
- Joined Jun 2009 | Status: Trader | 2,430 Posts
Outside of the recommended trading time (~22:00 EST)
Not only that but I was trading right at a support level.
See attached charts.
Doc
I have short EURJPY open even now... AUDUSD closed recently with only first profit. Hope, EY will be better.
- #1,671
- Aug 28, 2009 10:05am Aug 28, 2009 10:05am
- Joined Jun 2009 | Status: Trader | 2,430 Posts
Hi Royston,
Unfortunately I have been too busy these past few weeks to be able to trade, however I am keeping up with this thread and it's methodology as much as possible....
- #1,674
- Aug 28, 2009 10:24am Aug 28, 2009 10:24am
- Joined Jun 2009 | Status: Trader | 2,430 Posts
With all due respect to the folks who are using that indicator, that's exactly why I do not use it!
It is much easier to look at multiple charts with color coded bars or signal arrows so that you know exactly when a valid signal occurs.
I suppose that it is convenient to have it all on one chart, but multiple charts is not that big of a deal.
Just my opinion - and I confess that I have two 24" monitors, so I have plenty of screen space for many charts.
Doc
But I love the MTF Trix by Roy exactly for the reason that without color coded bars there are less emotions and doubts
Matter of taste!
- #1,676
- Aug 28, 2009 10:27am Aug 28, 2009 10:27am
- | Joined Apr 2008 | Status: Trader | 1,114 Posts
Here is an example of what I am looking at.
Initial entry:
1. Wait for a h1 trix to close UP
2. now we look for the first instance where m30,m15 and m5 are all showing UP (first line on chart).
In this case, m30 and m15 the status is actually unclear unless you were watching it live. Since those two bars were unclosed, they could have actually been red when the m5 closed. If the coding change I requested from royston was made, I'd know for sure if those were indeed green at the time the m5 bar closed.
For reentries:
1. h1 has a closed trix UP already.
2. m30 or m15 has gone red in a retrace
3. m30, m15 and m5 are now showing UP (as marked by 2nd and 3rd line on chart).
Same in these cases, m30 and m15 status are really unknown, they show green NOW, but at the time they could have easily shown red.
Anyhow, if royston feels it's not a beneficial request, I am fine with that. But it doesn't hurt to ask (unless you make it hurt!
Initial entry:
1. Wait for a h1 trix to close UP
2. now we look for the first instance where m30,m15 and m5 are all showing UP (first line on chart).
In this case, m30 and m15 the status is actually unclear unless you were watching it live. Since those two bars were unclosed, they could have actually been red when the m5 closed. If the coding change I requested from royston was made, I'd know for sure if those were indeed green at the time the m5 bar closed.
For reentries:
1. h1 has a closed trix UP already.
2. m30 or m15 has gone red in a retrace
3. m30, m15 and m5 are now showing UP (as marked by 2nd and 3rd line on chart).
Same in these cases, m30 and m15 status are really unknown, they show green NOW, but at the time they could have easily shown red.
Anyhow, if royston feels it's not a beneficial request, I am fine with that. But it doesn't hurt to ask (unless you make it hurt!
- #1,678
- Edited 11:09am Aug 28, 2009 10:38am | Edited 11:09am
- Joined Jun 2009 | Status: Trader | 2,430 Posts
Here is an example of what I am looking at.
Initial entry:
1. Wait for a h1 trix to close UP
2. now we look for the first instance where m30,m15 and m5 are all showing UP (first line on chart).
In this case, m30 and m15 the status is actually unclear unless you were watching it live....
I imagine that if it is possible to code sth like this, the result will remind an unsolved puzzle And possibly the new indy will suit only backtesting needs. Let us see what is Roy's opinion about that.
- #1,680
- Aug 28, 2009 11:35am Aug 28, 2009 11:35am
- Joined Apr 2005 | Status: Mr. R.E. TIRED | 4,540 Posts
" Never let the past hold the future to ransom "