Maximus

First of all, I'd like to thank this forum and all of the individuals that have very generously contributed their info!!!

I really appreciate the generally positive and supportive tone of most of the participants (the exceptions to this know who they are ).

I'd like to give back a little...

I am really surprised at how little folks in this forum talk of using multiple time frames - "MTF's". In my experience, using MTF's is imperative.

I am putting together a post for a system that I call "Maximus". It is a trend following scalping system, arguably 100% mechanical. Generally the target is 20 pips, but the signals often merit holding a portion of the position for a larger target.

Here are a few images of the 100% mechanical entries. In the image named "short", short entries (magenta arrows) are taken at the Down arrows. For the file named "long", the opposite is true. Entries (the arrows) are NEVER taken counter trend.

If there's any interest in Maximus, I will provide all details of this MTF trend following system along with my personal Metatrader templates and a full description. FYI: These templates can be used to ID HP ("High Probability" Mouteki/Sidus/Bago set ups as well).

-Daniel

I'm certainly interested to hear more....

Yes, Please post your info... The exchange of ideas is always welcome...


I am going to close your other thread so as not to dilute this one... thanks scott

Hello Daniel, I would be certainly interested. Would appreciate more info and your system. Thanks.

Scott,

Thanks for closing the other thread. I'm not fluent in posting to forums etc. If you catch any other mistakes on my part please feel free to correct them.

'seems there's interest in Maximus. I'll begin working on my posts of the supporting info and templates.

Please post your info about Maximus.
I am very interested.
Thanks

The system name is so appealing, couldn't resist to add this quote from Gladiator:

"My name is Maximus Decimus Meridius, Commander of the Armies of the North, General of the Felix Legions, loyal servant to the true emperor, Marcus Aurelius. Father to a murdered son, husband to a murdered wife. And I will have my vengeance, in this life or the next."


Go Maximus Go !!!!!!!!!

Wonderful movie, a powerful quote!! I hope the ideas that I am going to share will make us all FX Gladiators!!!

I just completed a summary of trend scalping with Maximus. This was prepared very quickly. 'apologies for any mistakes.

I attached what I believe are all of the pertinent files for Metatrader 4 to use this system.

If someone knows a way to place this post at the beginning of my thread on Maximus it would be appreciated. Or perhaps another thread can be started that offers this info/documentation more precisely.

I'm late for an appointment.

Damn, the file with the Indicators is too large for the Forum. You can download it at;
http://storeandserve.com/download/495711/Indicators.zip

-Daniel

Hi Daniel

Thanks so much for the post and all the goodie.

Just one question: When i click on the link it down loads, but there is 0MB in the zip file.

Please assist

Thanks Edox

Yes, there is no file in the link. Maybe you could check on it... thanks Scott

OK! Sorry for the probs with the link to load the indicators. I thought I had it licked at that point, but perhaps their server is having probs... who knows.

So, I figured a simple work around - I divided the indicators in my Metatrader folder up into two separate files. These will need to be unzipped and added to the appropriate Metatrader folder on your PC.

Again, I'm sorry about the challenges around this issue.

I included my current hourly chart of EURUSD. We acheived Strong bear trend with MTF consensus at around 10/03/2006 14:00 hrs, which is marked w/a vert red line. Each of the first 7 arrows consecutively delivered. I'm not counting the last two arrows in the chart as they were following weak data for the USD.

I DON'T want to given anyone the impression that this is some sort of magical, fool proof system. It isn't by any means. It's just another tool that I wanted to share with you.

Best wishes,
d.

Thanks much for up loading that.. and thanks for sharing. Scott

Hi D,

I'm also one of those who believe in the power of MTF.
Just want to say thanks for sharing.

East

hi daniel

I am also very intested in your system, it's very interested, thank you very much for sharing, looking to learn more from you.

Hi daniel
i just read your document and worked with your system it's looks really promising thanks again for sharing and I have some question.
1 - What would be our exact entry point, we need to wait price hit counter bands and wait for arrow and then after arrow is showing we will take the position quickly, is this correct, if not please correct me if i'm wrong thanks.

2 - what about Stop loss and take profit? what would be our stop in timeM15 and what about target? or exit point.


Thanks in advance

mohsen57,

Thanks for your interest! You asked a lot of very good questions and I honestly don't have any firm, well defined answers for your questions on when to exit. I honestly have not ever been convinced that having an extremely rigid approach to exits is the best way. Everything needs to be placed in the context of how strong a trend is, how overbought/sold the market is, is it running up against S/R levels etc.

Additional consideration to how the trend is behaving once a position is opened can also give clues. In the images I supplied of the bear tend on the EURUSD, http://www.forexfactory.com/forexfor...chmentid=12079 a trader could have been just shooting for a target of 20 pips and that would have been just fine. Or, had they jumped onto one of the earlier sigs they could have added to the position with each successive sig in the direction of the trend. Certainly the 2nd option would have been ideal in hindsight, but there was plenty of info available in real time suggesting the that trend was strengthening through the early sigs.

One of the down sides of using just the arrows for marking the entry point is that sometimes the arrows will relocate their position on the chart. ...'not very desireable once one is already in the trade!! A much more desireable method would be to only enter w/a arrow AND when price has penetrated the Starc Band. A pull back to the starc band against an MTF trend is a pretty strong signal. One may also want to dabble with looking at stochastics or RSI or another method for ID'ing when price is at an extreme. Of course, this would be viewed either on the Sig TF, or the next smaller TF, depending on how sensitive your indicator is.

As for entries (seems I'm addressing the topics in reverse order here, sorry) I really like a TLB - "Trend Line Break". I attached today's USDCAD 1 hr. chart since it's a peach of an example. (On a side note, people that are new to using MTF's will notice that successful sigs tend to "Roll Up" their time frame as a trend diminishes).

here's a great example of a sig "rolling up" the TF's. The USDCAD formed a nice bearish trendline and opened above it @ the vert. red line in the image numbered "#1".

If you look at image #2, You will see that the 1 hr AND the 4 hr (displayed in the 1st subwindow) trigger lines were mostly bearish. So, would this be considered a bear trend? well it all depends on the context. If you keep in mind that most of the time, trends go through many machinations and death throws before reversing, then a wise trader will be looking to larger TF's for opportunities. ...and they came!!

Although the 1 hr and 4 hr were looking quite bearish, the larger context(i.ei., the Daily TF) still showed that the bulls had a lot of steam. The daily triggerline displayed in the 2nd sub window of the Maximus template was still showing a lot of upward momentum and the 4 hr EMA's still had a strong spread between between them on the 4 hr StarcUs Plus template. Additionally, the price pulled back to a 38% Fib, so not only did we still have good bull strength on the larger TF's, but we also had some S/R support via the Fib. What a bang up combo!!

That bullish pressure was expressed explosively. within just a few hours after the entry sig, the trade had delivered just under a 40 pip PP.

Some may be wondering if the market's going to continue to run on the long side, or if it's going to pullback.... Certainly, it will take at least a few days for the bull trend to lose steam on the daily TF's. should we get a long Mouteki signal below 1.1315ish while still showing upside pressure, then that might be a very attractive trade!!

...'dont' know if I answered your question or not. I guess the most important thing that I'm trying to communicate is that EVERYTHING needs to be perceived in the context of the larger TF's. During the USDCAD run up over the last few days when the 1 hr, 4 hr, and daily were showing STRONG bull bias, the plugging away at longs on the M15 chart was reasonable. Now that the bull trend has lost a little steam, one must look to larger TF's that have more "power" in the signals.

'hope this helps.

-Daniel

Thanks Daneil.

Thank you for your explanation
But i still dont undrestand our Stop loss point, i undrestand with target or exit point and entry poind but would you please tell me a little about where to set stop to protect if things going wrong. thanks.

Dear daniel, i donwload all your indicator and templates. in the maximus template when i attach to the chart, i only see 2 sub windows, i dont have Third window, the one In the last section of your maximus template, maybe i missed that indicator what is the name of that indicator, wold you please upload that here, many thanks, and what is used for? here i attach an image showing i missed that third window from maximus Template.

*** EDIT *** Figured it out, I think

Thanks and thank you for sharing this. I have gotten comfortable with some systems using longer time frames and wanted something that could let me do more intraday trading.

mohsen57,

I don't why there's a problem with the 3rd window displaying. Open the custom indicator window and drag the "#MTF Forex Freedom Bar 2" indicator into the window with the Maximus template. Once in there, change the 1-4 periods to the following amounts respectively; 100800, 1440, 240, 60.

These settings will synthesize the weekly, daily, 4 hr and 1 hr TF's.

Once everything's peachy, then resave the template as "Maximus".

-Daniel