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FxMatixPro - 5M Intraday

  • #41
  • Apr 21, 2009 5:22am Apr 21, 2009 5:22am
Quoting Toxic
Plz download the system...i added all indicators and template for you....
Happy Trading....

Note – If anybody can come up with better findings or Long/Short/Exit strategy I will very happy….Download the Zip File…..you will get all required Indicators and Template for this system….I will be waiting for your feedback….

thanks....explain the rules very good !
  • #42
  • Apr 21, 2009 8:09am Apr 21, 2009 8:09am
Hi Toxic!

Thank you for sharing your system! I'm a little late in your thread but i'll follow from now.

Tell me...did i take the trade in the right moment? I think i need a parameter to tp (exit) the trade. I closed with 10 pips (cos i think it's a good tp for tf5 ) but actually if i had hold the position it would reach +18pips(28 total).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chart3.jpg Size: 108 KB
Click to Enlarge Name: chart4.jpg Size: 113 KB
  • #43
  • Edited 7:14pm Apr 22, 2009 7:11pm | Edited 7:14pm
OK - way to go Toxic. Only 20 odd posts up & posting a system for people to share & exchange ideas on. Great stuff.
I will be loading it up & having a play.
If people have a problem with repaints, I suggest they wait for the next candle to close. Or as you say check the lower timeframe.
Will get back to you if the EX4 files are a problem. If saved in the right folders and the MT4 platform is up to date, then it should all work good.

A few servers around the world that form part of the www, don't pass on zip files properly. I find if I try again, again, again (ah that 1 took a bit longer), then the zip files acctually contain something & I can open them.

I found vista has a User Account Control setting that inhibits an update taking place on my IBFX demo platform. I set it off, run the update.exe file in my platform folder, reset my User Account Control to on & then restart my comp.
Then I have the latest build on my MT4 platform.
Cheers for now, gotta go play with your FxMatixPro system
scalpz
Target 2 : Stoploss in the green
  • #44
  • Apr 23, 2009 2:39am Apr 23, 2009 2:39am
Quoting yzn
Hi, Toxic, thank you for sharing your system. It's great scalping system and looks nice and easy. I am looking forward to your further explanation. It's better to show some charts for entry and exit. Thank you in advance.
very simple....
VCS+SDC+MA have to agree (have to be in the same direction).....all other indicators are optional....just to give a better understanding of the trend.....
  • #45
  • Edited 3:02am Apr 23, 2009 2:43am | Edited 3:02am
Quoting vincentlim

1) When the vcs initiated a sell. I was not around? Is there any rules of getting in again. I can see it moves more than a 100pips before it retraces and turn white.
Hi Vim,
Yes, if you are using 5M TF and miss a signal (long or short whatever) then switch to 1M TF and try to catch the train in the next signal in 1M TF…..but in this case strictly follow SL.....
Quoting vincentlim
2) When the vcs appears. Do you wait for that candle to close Before you enter? or once you see the vcs signal. You just check all conditions are pointing to the trend you want. And the 1 min agreed. You just enter.
It depends on situation….but most of the time you can get the perfect entry if you check the 1M TF…..both ways (before closing candle or 1M TF entry) are good…but I prefer to check 1M TF becoz that confirms the Entry…..VCS in 1M TF must be in the same direction…..
Quoting vincentlim
3) as for the 1 min agreed. i suppose you only look for the vcs only is it? the sdc very sensitive,short retrace also can cause it to be flat.
or the 1min also follow the 5 min condition rules?
No you don’t have to look for SDC in 1M TF….SDC is for 5M TF…..
Quoting vincentlim

4)What are the basic at least time frame to agreed? i meant if for downtrend.
h4,h1,30,15,5,1 all has to be red.
No….that is not important….becoz you are catching the wave in 5M….so 5M is most important….if you trade in 30M then 30M is the most important charts…..u can use any TF but must check 1M TF for you perfect entry…..
  • #46
  • Apr 23, 2009 2:46am Apr 23, 2009 2:46am
Quoting jgadefelth
For pure uptrend how many mas at the bottom and at the top connor must be green for a long position ? u mention 70% hit rate with what will it be if i take trades only on pure trend and not only on the 2 indicators ? and how often comes pure thrend for 5 or 15 mins a day in one currency ?


best regards
More than 50% (60% or 60%+ is best) of all indicators have to be in the same color or direction…..for uptrend Green for down Trend Red....70% in winning rate in normal trend (VCS+SDC+MA).....
  • #47
  • Apr 23, 2009 2:50am Apr 23, 2009 2:50am
Quoting tjsun80
Toxic,

Will you take this trade during the Green color vertical line(04.21 08:15) ?
This is the picture i save several minutes ago but during 04.21 08:15, the indicators is exactly shown in the pictures below.

Trendline showing uptrend
Fx Tradepro showing all green from 5 min to H1
Right Side green color
Trend Alex M240 red and green mix
Hi TJ Sun,
I hope you are getting good result using the system…..i believe you are enjoying your trade now…..
Yes I would have taken that trade…..i marked in you charts which all longs I would have taken….all yellows are good entry for long for me….and all red must be avoided…..and the last signal was a very good signal as most of the indictors were green which indicates good up trend…..
Attached Image (click to enlarge)
Click to Enlarge Name: example graph1.gif Size: 34 KB
  • #48
  • Edited 3:06am Apr 23, 2009 2:54am | Edited 3:06am
Quoting Hyglater
Hi Toxic!

Thank you for sharing your system! I'm a little late in your thread but i'll follow from now.

Tell me...did i take the trade in the right moment? I think i need a parameter to tp (exit) the trade. I closed with 10 pips (cos i think it's a good tp for tf5 ) but actually if i had hold the position it would reach +18pips(28 total).
Hi Hyglater,
Yes you took the trade in the right moment……once you are used to the system you need not to bother about pure trend……you will easily understand which trade to take which trade to avoid.....it will become very easy for you……also try with some other indicators like MTF Stochastic or LRSI…..lol…..i know a guy who is using LRSI with this system…..another guy threw Trend Alex and replaced it with 15M MTF Stochastic and trading in 5M……basically VCS and SMS are the main indicators…..and you can try your own indicators to filter the signals……and yes plz also share it with us…..plz

TP is an important issue for this system.…..if you are multiplying ur lot size then I think TP is a good strategy for this system (though i don't recommend it untill you are in love with the system and very much use to it…..otherwise just hold on to it until you get the next exit signal…..in past i used to panic when i was in profit....then i added Haikin candle to get rid of that panic problem.....

good think about this system is that you are cutting ur loss and running ur profit.....

What I do is – I keep on adjusting my trail stop (SL)….always 10-15 Pips bellow the price…..say I opened a trade and at the moment I m in 20 Pip profit I fix the SP to 15Pips bellow the current price.....at the same time I wait for the exit signal…...since VCS repaints, whenever an exit signal appears I strictly follow my SL….this way I try to maximize my profit and minimize my loss……hope I made myself clear…..
  • #49
  • Apr 23, 2009 2:56am Apr 23, 2009 2:56am
Quoting scalpz
OK - way to go Toxic. Only 20 odd posts up & posting a system for people to share & exchange ideas on. Great stuff.
I will be loading it up & having a play.
If people have a problem with repaints, I suggest they wait for the next candle to close. Or as you say check the lower timeframe.
Will get back to you if the EX4 files are a problem. If saved in the right folders and the MT4 platform is up to date, then it should all work good.

A few servers around the world that form part of the www, don't pass on zip files properly. I find if I try again,...
Thank you scalpz,
Thx for addressing repaint issue…….
As I said I posted it in a different forum…..since, people found it a interesting system I decided to share here…..and I m happy to see that people of forexfactory are also finding it a good system…..people are very nice in all communities……i m honored to be a part of this community.....
regards.....
  • #50
  • Apr 23, 2009 3:10am Apr 23, 2009 3:10am
there are two EAs based on this system.....though i tried in Demo account but didn't get good result.....however, if you want i can post the links of those EAs.....i don't wanna upload the EAs here becoz i didn't develop the EAs......and i don't wanna take the credit.....if you are interested then you can download them from different forum......

regards....
  • #51
  • Apr 23, 2009 3:21am Apr 23, 2009 3:21am
Quoting tjsun80
Toxic,

Will you take this trade during the Green color vertical line(04.21 08:15) ?
This is the picture i save several minutes ago but during 04.21 08:15, the indicators is exactly shown in the pictures below.

Trendline showing uptrend
Fx Tradepro showing all green from 5 min to H1
Right Side green color
Trend Alex M240 red and green mix

Attachment
if you wanna use the system in different pairs like UJ or UZ plz use 30M (SL 25-30) or 1H (30-40)....
thx....
  • #52
  • Apr 23, 2009 4:14am Apr 23, 2009 4:14am
what are the hit rate if i use pure trend only for my setups have you tryed this ?

best regards
  • #53
  • Edited 10:51am Apr 23, 2009 10:50am | Edited 10:51am
Hi Toxic,

Thanks for sharing your system, indeed it is a very good system that shows profit in short term...

But for the chart below,it actually shows non profit, it went down all the way.Actually i enter long as what you mention(All indicators shows green),but end up with losses.

Can you comment?

Attached Image (click to enlarge)
Click to Enlarge Name: example graph1.gif Size: 27 KB


Quoting Toxic
Hi TJ Sun,
I hope you are getting good result using the system…..i believe you are enjoying your trade now…..
Yes I would have taken that trade…..i marked in you charts which all longs I would have taken….all yellows are good entry for long for me….and all red must be avoided…..and the last signal was a very good signal as most of the indictors were green which indicates good up trend…..
  • #54
  • Apr 24, 2009 2:34am Apr 24, 2009 2:34am
Quoting tjsun80
Hi Toxic,

Thanks for sharing your system, indeed it is a very good system that shows profit in short term...

But for the chart below,it actually shows non profit, it went down all the way.Actually i enter long as what you mention(All indicators shows green),but end up with losses.

Can you comment?
yes it can happen anytime....even in pure trend.....that's why we apply Stop Loss in every system.....isn't it?......
  • #55
  • Apr 24, 2009 2:35am Apr 24, 2009 2:35am
Quoting jgadefelth
what are the hit rate if i use pure trend only for my setups have you tryed this ?

best regards
you would get better hit rate....that's for sure...
  • #56
  • Apr 24, 2009 3:37am Apr 24, 2009 3:37am
Quoting tjsun80
Hi Toxic,

Thanks for sharing your system, indeed it is a very good system that shows profit in short term...

But for the chart below,it actually shows non profit, it went down all the way.Actually i enter long as what you mention(All indicators shows green),but end up with losses.

Can you comment?

Attachment
Hi Toxic

1st of all thanks Toxic for sharing your system.

I am looking for clarification regarding the above post and particularly the entry to that particular trade. I was under the impresion that 3 of the indies being the SDC, SMA and VCS.

Looking at the chart, it does not appear that the 3 indies above mentioned are aligned, including the SMA.

Just wonderdering if this is right.

Thanks
Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #57
  • Apr 24, 2009 11:05am Apr 24, 2009 11:05am
Yes,true..sometimes we cannot catch the right trend all the time...but indeed, your system makes a lot of profit pips..Thanks a lot , brother...

Quoting Toxic
yes it can happen anytime....even in pure trend.....that's why we apply Stop Loss in every system.....isn't it?......
  • #58
  • Apr 24, 2009 11:13am Apr 24, 2009 11:13am
Hi Ezzy,

Refer post #40, which is the original graph.
At that time, actually 3 indicator SDC,SMA and VCS showing the uptrend direction..
But actually the next minute, it went different direction.


Quoting Ezzy
Hi Toxic

1st of all thanks Toxic for sharing your system.

I am looking for clarification regarding the above post and particularly the entry to that particular trade. I was under the impresion that 3 of the indies being the SDC, SMA and VCS.

Looking at the chart, it does not appear that the 3 indies above mentioned are aligned, including the SMA.

Just wonderdering if this is right.

Thanks
Ezzy
...
  • #59
  • Apr 24, 2009 5:51pm Apr 24, 2009 5:51pm
Thanks tj, I'll have a look and stugy it.

Cheers
Ezzy


Hmm.....I see what you mean TJ.
What you do is a reflection of you....what I do is a reflection of me.
  • #60
  • Apr 26, 2009 7:39pm Apr 26, 2009 7:39pm
Yey so many 5m system.......
use VCS only for entry point, to make sure you direction right learn another system...
and don't be greedy with TP..
My broker suck...(requote always), only small TP
http://i43.tinypic.com/35hfzbo.jpg
http://www.forexfactory.com/%3Ca%20h...%22%3E%3C/a%3E
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