MTF Trix system | Page 4 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

MTF Stochastics into MTF Stoch Histogram 8 replies

MTF Trix Meter 1.1d help! 0 replies

5 digits fro trix and mtf trix 2 replies

Anyone heard of the TRIX indicator ? 4 replies

Trix indicator 2 replies

Attachments: MTF Trix system
Exit Attachments

MTF Trix system

  • #61
  • Jul 20, 2009 9:00am Jul 20, 2009 9:00am
Quoting walb99
That's great. Thank you.
One question: there are now two versions of the MTF out, one is called


---MTF_PW_4col

the other one is called

---MTF_v1.1

Which is the newer one and should be used?
4col means 4 colours
Same indicator but made better
  • #62
  • Jul 20, 2009 9:01am Jul 20, 2009 9:01am
Quoting Nick'em
elbablaster,

Thanks for the hint. I had smSuperTRIX_V2.ex4 in the file and I am using it successfully for the original C4 strategy.

However it looks as though the MTF versions reuire smSuperTRIX_V1.ex4 to run. I now have both versions of the smSuperTRIX indi in my folder and all is OK.

Thanks SkyzerFX, elbablaster et al for your help.

Walb99 check you have smSuperTRIX version 1 in your indi folder.

Nick

glad u got that sorted out. sorry, i wasn't much help was posting quite alot today n did not trade much. only got 8 pippys 4 demo trading today. hahahaha
  • #63
  • Jul 20, 2009 9:11am Jul 20, 2009 9:11am
Hi Indrek

Realy cool system, it makes trading a breeze.

I am enjoying this MTF indi and it really helps to take the maximum bang out of the trades.

keep up the good work .

my chart setup, i use the 30 min MTF for primer and use 5m as the trigger.

I always base my trades on the 200 ema, if its trending up, then look only for longs. and vice versa for shorts. keeps you out of lots of bad trades.

nisha
Attached Image (click to enlarge)
Click to Enlarge Name: nu.gif Size: 32 KB
Trend is your friend...
  • #64
  • Jul 20, 2009 9:11am Jul 20, 2009 9:11am
Speaking about ranging markets... I just lost my patience and/or courage and closed my EURJPY position manually.
Attached Image (click to enlarge)
Click to Enlarge Name: ej 2007.gif Size: 71 KB
  • #65
  • Jul 20, 2009 9:13am Jul 20, 2009 9:13am
Quoting nisha4x
Hi Indrek

Realy cool system, it makes trading a breeze.

I am enjoying this MTF indi and it really helps to take the maximum bang out of the trades.

keep up the good work .

my chart setup, i use the 30 min MTF for primer and use 5m as the trigger.

I always base my trades on the 200 ema, if its trending up, then look only for longs. and vice versa for shorts. keeps you out of lots of bad trades.

nisha
Nice! But I see H1 Trix at your chart not M 30? And if it is H1 then I would use 4,1,1,1 not 3,1,1,1.

BTW: H1 should be the correct one to use with M5
  • #66
  • Jul 20, 2009 9:17am Jul 20, 2009 9:17am
oops, it was a mistake, actually was checking out the 1hr and and left it as it is.

30 mins is good enough for me and it works like a charm

Quoting Indrek
Nice! But I see H1 Trix at your chart not M 30? And if it is H1 then I would use 4,1,1,1 not 3,1,1,1
Trend is your friend...
  • #67
  • Jul 20, 2009 9:20am Jul 20, 2009 9:20am
Quoting nisha4x
oops, it was a mistake, actually was checking out the 1hr and and left it as it is.

30 mins is good enough for me and it works like a charm
If to believe what SwingMan has said then H1 should be better. He suggests the correlation 4 between timeframes. Yes, 15/5=3 not 4 but 60/15=4.
I would use H1 to confirm entries and M15 for exits when trading off M5.
  • #68
  • Jul 20, 2009 9:22am Jul 20, 2009 9:22am
After such a rally today against the USD, we can expect a mild retracement and we can catch this happening on the 1 min and get about 5-10 pips per pair easily

put a 200 ema on a 1 min chart and check up
Attached Image (click to enlarge)
Click to Enlarge Name: all (Large).gif Size: 84 KB
Trend is your friend...
  • #69
  • Jul 20, 2009 9:29am Jul 20, 2009 9:29am
ok, i will use 1hr also and check out. right now, 30 min was working good for me
Quoting Indrek
If to believe what SwingMan has said then H1 should be better. He suggests the correlation 4 between timeframes. Yes, 15/5=3 not 4 but 60/15=4.
I would use H1 to confirm entries and M15 for exits when trading off M5.
Trend is your friend...
  • #70
  • Jul 20, 2009 9:34am Jul 20, 2009 9:34am
Many of the pairs are showing flat trends this morning & must be the reason for the choppiness. I concur with Indrek's post on the other board that trading off the lower time frame chart in the direction of the longer time frame is viable. I got caught in the chop earlier but then got half back. The stop losses may need some further work. Will test trades where I take two positions. The first one with just 10 pips take profit, and the second left to ride with the trend.
This system can be used as a set and forget method by using the Trix Signal Price Live indicator and entering a buy or sell stop with TP and SL in the direction of the overall trend. The indicated price does change with the market, so the order can't be left for a very long time without checking it. But, for those who can't watch the chart, might be worth considering. Will test some small trades with an entry a few pips away from the indicated price.
  • #71
  • Jul 20, 2009 9:35am Jul 20, 2009 9:35am
i can understand, but i love such oppurtunities and this gives a good chance for taking quick 5-10 pips and close the trades
Trend is your friend...
  • #72
  • Jul 20, 2009 10:02am Jul 20, 2009 10:02am
I like the system, and I have been playing with the 1hr as I am not a big fan of the lower time frames.
Indrek, a couple questions: Why 4,1 for TRIX on 1hr? It seems to miss a lot of the potential trend that 3,1 would have picked up on. Also, are you sticking to Edge's times to trade? With the 1hr, it will be tougher to find trades in that time period. I am finding that possibilities are around all day long.
I am currently on the 1hr, with trix at 3,1 and the MTF of the 4hr at 3,1 as well, but I am going to try to look at the daily as well as was stated on page 1.
I have written an ea that closes 30% of my trade at 20 pips and set stop to BE. Then it closes another 30% at 50 pips and sets stop to BE plus 10 pips. The remaining 40% has a trailing stop applied that runs at 70 pips.

I like the system!
Thanks!
  • #73
  • Jul 20, 2009 10:17am Jul 20, 2009 10:17am
Indrek, so you moved from h4 TRIX (confirm) to H1 TRIX ?
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #74
  • Jul 20, 2009 10:24am Jul 20, 2009 10:24am
Quoting powercouple
I like the system, and I have been playing with the 1hr as I am not a big fan of the lower time frames.
Indrek, a couple questions: Why 4,1 for TRIX on 1hr? It seems to miss a lot of the potential trend that 3,1 would have picked up on. Also, are you sticking to Edge's times to trade? With the 1hr, it will be tougher to find trades in that time period. I am finding that possibilities are around all day long.
I am currently on the 1hr, with trix at 3,1 and the MTF of the 4hr at 3,1 as well, but I am going to try to look at the daily as well as was...
First off I think 4 is less noisy at higher time frames and acts as its own filter, so I have to agree with Indrek on this setting. I am still looking over using Trix on 1H so I will eventualy post my charts to show what i am using and why. As far as the number of trades during Edge's set hours, your correct, you wont find as many signals, so 2 things need to happen, wakeup earlier, or add more pairs to monitor. While option 2 will give you some more higher spread pairs, on a 1H chart the difference between 3 pips and 6-7 pips means little.
  • #75
  • Jul 20, 2009 10:25am Jul 20, 2009 10:25am
Can you post that EA? I'd like to try it myself. I checked quite a few of the charts, and this system should work throughout the day if you're not shooting for a lot of pips. I think you could grab a quick ten pips here and there on several pairs. One problem is that the stop would have to be about 2.5 times the TP and that would mean you'd need a very high win ratio. My plan was to use the sound alert on the 15 minute time frame, and just check the pair when the alert went off to see if the 15 minute lined up with the 4 hour.
Quoting powercouple
I like the system, and I have been playing with the 1hr as I am not a big fan of the lower time frames.
Indrek, a couple questions: Why 4,1 for TRIX on 1hr? It seems to miss a lot of the potential trend that 3,1 would have picked up on. Also, are you sticking to Edge's times to trade? With the 1hr, it will be tougher to find trades in that time period. I am finding that possibilities are around all day long.
I am currently on the 1hr, with trix at 3,1 and the MTF of the 4hr at 3,1 as well, but I am going to try to look at the daily as well as was...
  • #76
  • Jul 20, 2009 10:26am Jul 20, 2009 10:26am
I need a pivot line indicator that is nice and clean like Nisha's. Any suggestions?
  • #77
  • Jul 20, 2009 10:39am Jul 20, 2009 10:39am
Quoting mary4x
I need a pivot line indicator that is nice and clean like Nisha's. Any suggestions?

These are the two I use. Hope this helps

Nick
Attached File(s)
File Type: mq4 Live Charts Fib Pivots.mq4   17 KB | 1,106 downloads
File Type: mq4 Pivot Points Multitimeframe.mq4   45 KB | 1,136 downloads
  • #78
  • Edited 11:27am Jul 20, 2009 10:43am | Edited 11:27am
Quoting powercouple
I like the system, and I have been playing with the 1hr as I am not a big fan of the lower time frames....
1. If to use 3,1 or 4,1 is a matter of taste. I got the idea of 4,1 for H1 from TG/Anne but maybe 3,1 is better, I do not know.
2. No, I do not stick to Edge's times to trade. I personally think that best time is right before and after London open. But I trade when I have time for that.
  • #79
  • Jul 20, 2009 10:44am Jul 20, 2009 10:44am
Quoting SkyzerFX
Indrek, so you moved from h4 TRIX (confirm) to H1 TRIX ?
No, for M15 I use H4.
By now, I have put also H1 Trix to my chart but I use it potentially only for exits.
  • #80
  • Jul 20, 2009 10:47am Jul 20, 2009 10:47am
Nothing works for me so far.. Signals are false..

This thing untradble in range market. Trix showing BUY but if you ask me this is a sell, not buy.
Attached Image (click to enlarge)
Click to Enlarge Name: screen6.jpg Size: 217 KB
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
1 trader viewing now