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MTF Trix system

  • #181
  • Jul 21, 2009 3:12pm Jul 21, 2009 3:12pm
Quoting paradoxical
I'm not following you. I see a line on your chart that looks like stairs. What line is that for? I see a second line that is wavy. I assume that's the 12 LWMA? Where are the other TWO LWMAs. (you said there were three of them)
But these lines are LWMAs!
All are 12,3,6 LWMAs - white is M15, blue is H1, yellow is H4. That is how they look if brought to lower timeframe.
  • #182
  • Jul 21, 2009 3:18pm Jul 21, 2009 3:18pm
Just a view what I'm doing.. First top order is very small
so, I'm already in profit (banking it now), no signals involved, just a feelings
Attached Image (click to enlarge)
Click to Enlarge Name: screen18.jpg Size: 189 KB
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  • #183
  • Jul 21, 2009 3:27pm Jul 21, 2009 3:27pm
Quoting SkyzerFX
Just a view what I'm doing.. First top order is very small
so, I'm already in profit (banking it now), no signals involved, just a feelings
Nice! But I would suggest to remove all indicators if you do not need them
  • #184
  • Jul 21, 2009 3:42pm Jul 21, 2009 3:42pm
Indrek, As you know, Ideal would be just take a trade and win right there..
Even 2-3 pips would work on 2 lot or so.. I'm sure one have to find what's
works.. I just don't feel comfortable yet.. But I'm sure I will find something to rely on sooner or later..
Thank you for you help!
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  • #185
  • Jul 21, 2009 3:51pm Jul 21, 2009 3:51pm
Another thing that I'm looking at right now..
Did not take any trades yet, but looks like
1 brick Green, buy 2nd brick ( scrolling back that's about 75% win).. looking good I'll see how it's plays out in the real time:
Attached Image (click to enlarge)
Click to Enlarge Name: screen19.jpg Size: 171 KB
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  • #186
  • Jul 21, 2009 4:11pm Jul 21, 2009 4:11pm
Indrek, I had to scroll back to see how you applied the multi time frame MAs like you did, which is bu utilizing the #MTF Moving avergae and making the changes to the time and color.
I like it. It's a very good visual and very easy to see when the pair is above or below two, three or all four. This matches almost identically to the trix arrow indicators, and it may be that they would be redundant. I'm doing a visual with the 15, 30 and hour time fames, and it's surprising to me just how many pips more a pair will go up after it breaches all of these levels. If it also breaching the 4 hour level, that usually is even a better trade.
Will do more testing & live trading for small amounts for the next several days.
Yes.....this does get you in late, as is obvious from looking at a chart. But, the way I see it is that it's a momentum trade with the current trend, whatever that may be. Not unlike the 5 minute system where you wait for the train to pick up speed and hop on it at the right time, and get off when it slows down.
  • #187
  • Jul 21, 2009 4:31pm Jul 21, 2009 4:31pm
Quoting Indrek
But these lines are LWMAs!
All are 12,3,6 LWMAs - white is M15, blue is H1, yellow is H4. That is how they look if brought to lower timeframe.
What's the Indy for that? Perhaps you set 1 to 12 day MA, other
to 3 day MA and last one to 5 day MA.
Is there MTF LWMA (for different TF) idny? Don't have that
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  • #188
  • Jul 21, 2009 5:29pm Jul 21, 2009 5:29pm
Skyz, Indrek posted it awhile ago. Check the paper clip at the top right of the screen.
  • #189
  • Jul 21, 2009 8:30pm Jul 21, 2009 8:30pm
Attaching a picture of one trade on GBP/USD to show what Indrek was referring to on trading when the pair is below the MTF moving average. In the case of this trade, I got in earlier than I would have otherwise. Have been other positive trades this afternoon which is not the best time to trade. If anyone wants me to post some other charts of other trades, let me know. But, I would think this particular chart is a very good example and no more meeds to be said.
Attached Image (click to enlarge)
Click to Enlarge Name: 7-21 gu.gif Size: 58 KB
  • #190
  • Jul 21, 2009 10:26pm Jul 21, 2009 10:26pm
stevecartwright
Member
Member Since Mar 2006
114 Posts

http://www.forexfactory.com/images/icons/icon1.gif Screenshot2
I hope this works. :-)
editted:
Each Pair is identified on the left with its own row. Against this is an indication of the trend L=Long S= Short for both 15m and 60m TF's. On the right is a display of the major currencies position against the open. The ?? are potential trades. It is possible then to identify which pairs are likely to give a trade and then can be dragged to the top screen for closer inspection. I aso have individual tabs for each pair. This saves having to inspect each screen individually.
Attached Thumbnails


http://www.forexfactory.com/attachme...1&d=1248195769
  • #191
  • Jul 21, 2009 10:31pm Jul 21, 2009 10:31pm
Quoting lrathi
stevecartwright
Member
Member Since Mar 2006
114 Posts

http://www.forexfactory.com/images/icons/icon1.gif Screenshot2
I hope this works. :-)
editted:
Each Pair is identified on the left with its own row. Against this is an indication of the trend L=Long S= Short for both 15m and 60m TF's. On the right is a display of the major currencies...
My first thoughts:Trend magic is reducdant now.Replace with HULL/megathrend /slope ddirection line 12.3 or WMA 8,3,6

Q1. Are the TF adjustable?
  • #192
  • Jul 21, 2009 10:58pm Jul 21, 2009 10:58pm
SEEMS there is a delay in the improvisation of settings for arrows/signals.
Attached Image (click to enlarge)
Click to Enlarge Name: comparision of trix.gif Size: 17 KB
  • #193
  • Jul 21, 2009 11:29pm Jul 21, 2009 11:29pm
1. H4 trix settings 3,EEEC amd 4,EEEC

3,EEEC is quicker and therefore more opportunity on M15

2. HULL 12,3 vs WMA 8,3,6

HULL turns quicker

3. with H4 as primer and M15 as trigger we are trading H4 TF and retracements of H4 on M15 using TRIX trend indicator

This said...... decide what MTF trend indicator you want to use....
either MA (HULL/WMA/whatever) OR

TRIX

attached is an MTF HULL indicator version.

Get the trend from TRIX(primer) and perhaps the PA confirmation from MA(HULL/WMA/whatever) trigger.

OR vice versa.

Or leave PRIMER and TRIgger on TRIX (different TF)

Open to discussion......
Attached Image (click to enlarge)
Click to Enlarge Name: comparision of h4 trix settings amd hull.gif Size: 29 KB
Attached File(s)
File Type: ex4 MTF HMA Russian Color.ex4   5 KB | 987 downloads
  • #194
  • Jul 22, 2009 12:17am Jul 22, 2009 12:17am
Quoting SkyzerFX
What's the Indy for that? Perhaps you set 1 to 12 day MA, other
to 3 day MA and last one to 5 day MA.
Is there MTF LWMA (for different TF) idny? Don't have that
I posted the indy already. See previous pages.
  • #195
  • Jul 22, 2009 12:32am Jul 22, 2009 12:32am
Quoting lrathi
1. H4 trix settings 3,EEEC amd 4,EEEC

3,EEEC is quicker and therefore more opportunity on M15

2. HULL...
I tried to attach the MTF HMA to my chart but it does not show there and I cannot imagine what to do with the settings to make it show... What are the levels mentioned there? Timeframes?
Please, give me some advice how should I set it to work.
  • #196
  • Jul 22, 2009 1:48am Jul 22, 2009 1:48am
Quoting Indrek
I tried to attach the MTF HMA to my chart but it does not show there and I cannot imagine what to do with the settings to make it show... What are the levels mentioned there? Timeframes?
Please, give me some advice how should I set it to work.
Some of these indicators have to have the correct version EXACTLY for the derivative indicators to work.

Try these versions of HULL in the indicator folder.
Attached File(s)
File Type: ex4 HMA_Russian_Color.ex4   4 KB | 901 downloads
File Type: ex4 MegaTrend.ex4   4 KB | 1,004 downloads
  • #197
  • Jul 22, 2009 2:24am Jul 22, 2009 2:24am
Quoting lrathi
Some of these indicators have to have the correct version EXACTLY for the derivative indicators to work.

Try these versions of HULL in the indicator folder.
No, the MTF indicator is not shown although I have all these in my indicators folder now. And the one timeframe HMA Russian Color cannot be shown either. So, they have to be out of order simply.
  • #198
  • Jul 22, 2009 2:41am Jul 22, 2009 2:41am
Try 12x4=48,3(M60) normal HUll indicator

12x16=192,3 (M240) normAL huLL INDICATOR

Try putting the histogram version too to see the exact candle when hull changes. Compare with MTF HUll....No steps will be seen and easier on the eye
Attached Image(s) (click to enlarge)
Click to Enlarge Name: hull 12 _3__48_3__192_3.gif Size: 17 KB
Click to Enlarge Name: hull 12 _3__48_3__192_3 mtf version.gif Size: 23 KB
  • #199
  • Jul 22, 2009 2:43am Jul 22, 2009 2:43am
Quoting Indrek
No, the MTF indicator is not shown although I have all these in my indicators folder now. And the one timeframe HMA Russian Color cannot be shown either. So, they have to be out of order simply.
very strange.

I am sure you closed the MT4 platform and re-started it?
  • #200
  • Jul 22, 2009 3:00am Jul 22, 2009 3:00am
If it is correct to set the higher TF histos this way that we simply multiply 12 with a needed figure then I have another idea:
SwingMan has said that the perfect correlation btw timeframes for us is 4. It means that to have histogram versions with the settings 48 and 192 is good for any timeframes! Then on M5 chart we will see not M15 and M60 but, in fact, M20 and M80 and that is brilliant to my mind.

lrathi, am I correct about that?

Our next task now is to think if and what can we throw away from the charts. Maybe we do not need 3 Trixes and 3 lines etc?
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