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Attachments: MTF Trix system
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MTF Trix system

  • #1
  • First Post: Edited Nov 6, 2009 5:08am Jul 20, 2009 3:47am | Edited Nov 6, 2009 5:08am
Hello everybody,

This thread is for developing and discussing a multi-timeframe trading system that is based on one indicator - Trix - with higher timeframes confirmation.

Main setup is 60,15,5
Involves three timeframes - M60, M15, M5.
Entries are taken from M5 chart after the Trix signal has been confirmed on all three timeframes - when three blocks are the same colour and filled.
Entries are 2 pips under/above the signal candle's low/high. (Signal candle = the M5 candle that confirmed the last necessary signal.)

Basic template with the basic set of indicators is attached.
The arrows on the chart belong to Scalper Signal indicator that shows the signals of current timeframe Trix. That is for visual aid - to notice the signal candles.
Three rows of the blocks are showing the status of Trix on three timeframes: M5, M15, M60.
Empty squares show that Trix has crossed 0 but signal has not been confirmed yet.
NB! You must have Sm Super Trix v1 in your indicators folder as the MTF indi refers to it. Not necessary to attach it to the chart.
For explanation how to attach any version of MTF Trix to the chart - see http://www.forexfactory.com/showpost...postcount=1168.

Happy trading!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: sam1.gif Size: 47 KB
Click to Enlarge Name: sam.gif Size: 49 KB
Attached File(s)
File Type: ex4 MTF_Trix_Meter_1.1d.ex4   11 KB | 14,767 downloads | Uploaded Oct 9, 2009 2:26am
File Type: ex4 smSuper TRIX_v1.ex4   11 KB | 13,918 downloads | Uploaded Oct 9, 2009 2:26am
File Type: ex4 smC4Scalper Signals_v1 roy 01 adjusted to allow 1 per mov avg.ex4   12 KB | 12,048 downloads | Uploaded Oct 9, 2009 2:26am
File Type: ex4 ###Auto Pivot2.ex4   16 KB | 9,620 downloads | Uploaded Oct 9, 2009 2:26am
File Type: tpl mtf trix basic.tpl   31 KB | 10,954 downloads | Uploaded Oct 9, 2009 3:04am
  • #2
  • Jul 20, 2009 3:58am Jul 20, 2009 3:58am
Thanks for opening this thread.

I am a MTF trader and think TRIX is one of the better trending indicators out there.

Higher TF is great for part-time traders.
  • #3
  • Jul 20, 2009 4:02am Jul 20, 2009 4:02am
Hello Indrek,

Thank you for opening this thread.
I will try your setups.

Regards,

Caz
  • #4
  • Edited 6:52am Jul 20, 2009 4:23am | Edited 6:52am
Here are my first three trades with this system.
I used the "less is more" principle suggested by Edgetrader. Traded full lots and exited with a small number of pips.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu 2007.gif Size: 70 KB
Click to Enlarge Name: gu 2007.gif Size: 68 KB
Click to Enlarge Name: gj 2007.gif Size: 71 KB
  • #5
  • Jul 20, 2009 4:36am Jul 20, 2009 4:36am
Quoting lrathi
Thanks for opening this thread.

I am a MTF trader and think TRIX is one of the better trending indicators out there.

Higher TF is great for part-time traders.
I share the sentiments. I think what Swingman has produced is really brilliant for this strategy, combined with EdgeTraders vision.

Like you I wish Swingmen could produce a dashboard similar to the others by substituting his trix indicators, but I know he is busy. Still, it would be a dream come true!

Regards
Pardy
  • #6
  • Jul 20, 2009 4:57am Jul 20, 2009 4:57am
Quoting Indrek
Here are my first three trades with this system.
I used the "less is more" principle suggested by Edgetrader. Traded full lots and exited with a small number of pips.
I think you have very strong nerves opening 3 trades on the same time 1lot for my is very dangerous
P.s
Question : why you don't entry on 7.15 but 7.45 ?

thanks
  • #7
  • Jul 20, 2009 4:58am Jul 20, 2009 4:58am
I have had an idea that if we use 2 Trixes (M15/H4 or H1/D1) for entries then we could use the one that is btw those (H1 or H4) for good exits when trying to get more pips.
I illustrate it with a picture as it is a bit difficult for me to clearly describe it in English.

NB! If going for many pips, it should be a must to move your stoploss to breakeven after price has moved to "our" direction for ATR(14)*2 pips (that in other situation is our target).
Attached Image (click to enlarge)
Click to Enlarge Name: possible exit.gif Size: 73 KB
  • #8
  • Jul 20, 2009 5:02am Jul 20, 2009 5:02am
Quoting Turbobzik
I think you have very strong nerves opening 3 trades on the same time 1lot for my is very dangerous
P.s
Question : why you don't entry on 7.15 but 7.45 ?

thanks
Sorry, but I did not enter 7.45... What trade do you mean?

All the trades were right before London open that is a beautiful time to trade. And if you have a strong signal that you trust at that time - why not to trade agressively
  • #9
  • Jul 20, 2009 5:06am Jul 20, 2009 5:06am
Quoting Indrek
Sorry, but I did not enter 7.45... What trade do you mean?

All the trades were right before London open that is a beautiful time to trade. And if you have a strong signal that you trust at that time - why not to trade agressively
ye you are right,.. i look on vertical line on eur/usd
  • #10
  • Jul 20, 2009 5:09am Jul 20, 2009 5:09am
Hello Indrek

This thread is a brilliant idea.
Thank you.
Greeting
Aleks
Attached Image (click to enlarge)
Click to Enlarge Name: m1.jpg Size: 119 KB
  • #11
  • Jul 20, 2009 5:22am Jul 20, 2009 5:22am
hi indrek,

way 2 go. congrats on opening this thread.
  • #12
  • Jul 20, 2009 5:28am Jul 20, 2009 5:28am
Morning Indrek et al,

Great idea Indrek, to start another thread with this MTF system. Keeps the focus on each system easier having a thread for each..

I do have a small problem though! Swingman or anyone else who could help. Earlier this morning my MT4 broker (Alpari UK) upgraded the MT4 platform to build 225 and now when setting up this system I cannot get any of Swingman's MTF Trix indis to show up on my chart. The non-MTF ind work great, but not the MTF versions.

Can anyone help?

Nick
  • #13
  • Jul 20, 2009 5:31am Jul 20, 2009 5:31am
Quoting Indrek
Sorry, but I did not enter 7.45... What trade do you mean?

All the trades were right before London open that is a beautiful time to trade. And if you have a strong signal that you trust at that time - why not to trade agressively
Q . i m new here and trading for 4 months live account ......on 15 min chart use Fibonacci....should i trade on your system .......bcoz i have not much experienc..
thnx

Muhammad
FxHome
  • #14
  • Jul 20, 2009 5:37am Jul 20, 2009 5:37am
Quoting Muhammad989
Q . i m new here and trading for 4 months live account ......on 15 min chart use Fibonacci....should i trade on your system .......bcoz i have not much experienc..
thnx

Muhammad
That is for you to decide what system you trade But Fib is a great tool anyway. I use it for some purpose, too.
  • #15
  • Jul 20, 2009 5:42am Jul 20, 2009 5:42am
Quoting Indrek
That is for you to decide what system you trade But Fib is a great tool anyway. I use it for some purpose, too.
no actually i want to know that is 4 months experience enough for this kind of system ....?
thnx
FxHome
  • #16
  • Jul 20, 2009 5:43am Jul 20, 2009 5:43am
Quoting Nick'em
Morning Indrek et al,

Great idea Indrek, to start another thread with this MTF system. Keeps the focus on each system easier having a thread for each..

I do have a small problem though! Swingman or anyone else who could help. Earlier this morning my MT4 broker (Alpari UK) upgraded the MT4 platform to build 225 and now when setting up this system I cannot get any of Swingman's MTF Trix indis to show up on my chart. The non-MTF ind work great, but not the MTF versions.

Can anyone help?

Nick

hi nick,

head over 2 edge's thread where swingman just released the indis with the bugs fixed. delete the old ones n install the new ones. see how it goes. if it doesn't work, then u gotta wait 4 the guys who r well verse with indis n programming. thanks
  • #17
  • Jul 20, 2009 5:44am Jul 20, 2009 5:44am
Quoting Nick'em
Morning Indrek et al,

Great idea Indrek, to start another thread with this MTF system. Keeps the focus on each system easier having a thread for each..

I do have a small problem though! Swingman or anyone else who could help. Earlier this morning my MT4 broker (Alpari UK) upgraded the MT4 platform to build 225 and now when setting up this system I cannot get any of Swingman's MTF Trix indis to show up on my chart. The non-MTF ind work great, but not the MTF versions.

Can anyone help?

Nick
Hi,
I also Alpari and update to 225, and no problems
All the indicators are good.

Greeting

Aleks
  • #18
  • Jul 20, 2009 5:44am Jul 20, 2009 5:44am
Quoting Muhammad989
no actually i want to know that is 4 months experience enough for this kind of system ....?
thnx
Cannot answer that... We all are beginners with this system. Me too, only taking my first live trades.
  • #19
  • Jul 20, 2009 5:47am Jul 20, 2009 5:47am
Quoting winningfx
hi nick,

head over 2 edge's thread where swingman just released the indis with the bugs fixed. delete the old ones n install the new ones. see how it goes. if it doesn't work, then u gotta wait 4 the guys who r well verse with indis n programming. thanks
I had to shut down the alerts as they stopped my terminal from working... So, there have to be some more bugs...
Hope, SwingMan can help. I already see him reading our thread
  • #20
  • Jul 20, 2009 5:50am Jul 20, 2009 5:50am
Quoting Muhammad989
Q . i m new here and trading for 4 months live account ......on 15 min chart use Fibonacci....should i trade on your system .......bcoz i have not much experienc..
thnx

Muhammad

hi muhammad,

if u do not know the basics of this system based on trix indi. please head over 2 edge's c4 scalping thread. learn the basics of how the system works. indrek's system is a variation branched off from edge's. he is using slightly different rules and trading higher tf with it.

also, demo first 2 see how it performs. u can use fibs, gann, s/r n pivots if u believe in them. if it works 4 u, use it. thanks
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