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MTF Trix system

  • #201
  • Jul 22, 2009 6:21am Jul 22, 2009 6:21am
Quoting Indrek
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...
Hi

This is the version you sent to me, I added an option for HMA.
Please put the attached HMA file also into your indi folder.
Send me mail if its not working.

To use the HMA put HMA on true and price as to be CLOSE otherwise its not working (with typical or so)
Attached File(s)
File Type: mq4 #MTF_MovingAverage-1.1.mq4   5 KB | 828 downloads
File Type: ex4 HMA.ex4   3 KB | 805 downloads
/ ... clarifying decisions ... /
  • #202
  • Jul 22, 2009 6:24am Jul 22, 2009 6:24am
Quoting Indrek
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...
If M5 is your trading TF, Hull 12,3 the settings....

If you want to use HULL MA as your trend indicator and trade with higher TF participation..... Then i would set HULL for M15 (5x3)as 12x3=36 and 12 x12=144 for M60.(5x12).

OR like the TRIX using H4 as primer and M15 as trigger...

use HULL 192,3(H4) as primer and HUll 12,3(M15) as trigger.

What I would like if possible 3xTF participation.... eg M15 entry, H1 and H4 participation...an indicator which will produce an arrow when all TF are in synch.... with email alert at close of candle....
  • #203
  • Jul 22, 2009 6:37am Jul 22, 2009 6:37am
Quoting lrathi
If M5 is your trading TF, Hull 12,3 the settings....

If you want to use HULL MA as your trend indicator and trade with higher TF participation..... Then i would set HULL for M15 (5x3)as 12x3=36 and 12 x12=144 for M60.(5x12).

OR like the TRIX using H4 as primer and M15 as trigger...

use HULL 192,3(H4) as primer and HUll 12,3(M15) as trigger.

What I would like if possible 3xTF participation.... eg M15 entry, H1 and H4 participation...an indicator which will produce an arrow when all TF are in synch.... with email alert at close of candle....
What I meant speaking about M5 was that why not to use the same settings - multiplier 4, i.e to use Hull of M20 and M80 for confirmation. If that is mathematically correct then it should not be a problem that such timeframes are not in use on our charts.
On H1 chart we would then use Hull of H4 and H16 for confirmation, on H4 chart - Hull of H16 and H64.
Why can't we do that??
  • #204
  • Jul 22, 2009 6:41am Jul 22, 2009 6:41am
lrathi,
What do you think - may we keep only Trix M15 and H4, and Hull M15 and H4?
Do we need anything from H1 chart at all?
Or: should we maybe use only M15 and H1 as a confirmation, and delete H4?
  • #205
  • Jul 22, 2009 7:14am Jul 22, 2009 7:14am
this is my entry on usd chf 1m and good profit this entry was late I should entry on 12.15
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.jpg Size: 185 KB
  • #206
  • Jul 22, 2009 7:19am Jul 22, 2009 7:19am
Quoting Turbobzik
this is my entry on usd chf 1m and good profit this entry was late I should entry on 12.15
Seems like a quick scalp. Why not, of course.
Do you really use 7-8 indicators to confirm the signal or just like a very colourful picture?
  • #207
  • Jul 22, 2009 7:27am Jul 22, 2009 7:27am
Quoting Indrek
lrathi,
What do you think - may we keep only Trix M15 and H4, and Hull M15 and H4?
Do we need anything from H1 chart at all?
Or: should we maybe use only M15 and H1 as a confirmation, and delete H4?
This is what I think...

A trader will do well with M15 trading TF and one higher TF confirmation H1.

A trader will do extremely well (Less signals but more pips per trade) to have M15 trading TF and Two higher TF participation confirmaton H1 and H4.

So decide more opportunities and smaller pips each trade(less exposure to market)

Less opportunities but higher probability trades (more pips).

Also decide TRIX or HUll as trend indicator.

I have respect for using 2 different family of indicators in combination
1. MA familyeg Hull/WMA/whatever
2. Momentum,oscillator (eg trix)family

Both:
3xTF Hull OR
3xTF TRIX
are each good stand alone strategies and will make money.
  • #208
  • Jul 22, 2009 7:34am Jul 22, 2009 7:34am
Quoting lrathi
This is what I think...

A trader will do well with M15 trading TF and one higher TF confirmation H1.

A trader will do extremely well (Less signals but more pips per trade) to have M15 trading TF and Two higher TF participation confirmaton H1 and H4.

So decide more opportunities and smaller pips each trade(less exposure to market)

Less opportunities but higher probability trades (more pips).

Also decide TRIX or HUll as trend indicator.

I have respect for using 2 different family of indicators in combination
1. MA familyeg Hull/WMA/whatever
2....
Did I understand right that you suggest to remove totally either Trix or Hull? That if we have 3 TF Trixes then we do not need anything else and if we have 3 Hulls then also nothing else needed?
  • #209
  • Jul 22, 2009 7:36am Jul 22, 2009 7:36am
Quoting Indrek
Did I understand right that you suggest to remove totally either Trix or Hull? That if we have 3 TF Trixes then we do not need anything else and if we have 3 Hulls then also nothing else needed?
Yes . Each are standalone strategies.

However, there is wisdom in using MA and TRIX together in one strategy
  • #210
  • Jul 22, 2009 7:42am Jul 22, 2009 7:42am
Quoting lrathi
Yes . Each are standalone strategies.

However, there is wisdom in using MA and TRIX together in one strategy
Here we must take into consideration that Trix itself is based on MAs. By default they are EMAs not LWMAs but still - very close relatives btw themselves.
I have compared visually and it seems to me that to have confirmation by 3 TF Trixes and 3 TF Hulls is too conservative. Very rare trades and maybe even not the best ones as a very tight filter is awfully lagging.
What and in what combination are you using in your real trading?
  • #211
  • Jul 22, 2009 7:52am Jul 22, 2009 7:52am
Quoting Indrek
Seems like a quick scalp. Why not, of course.
Do you really use 7-8 indicators to confirm the signal or just like a very colourful picture?
I play 5TF
I am testing for now , I know that my screen looks like picture but will see how it works .
many pips Indrek ~!!!
  • #212
  • Jul 22, 2009 7:54am Jul 22, 2009 7:54am
Quoting Turbobzik
I play 5TF
I am testing for now , I know that my screen looks like picture but will see how it works .
many pips Indrek ~!!!
Take some swing trades too off M15 or even H1 chart, then we have sth to discuss here
  • #213
  • Jul 22, 2009 7:56am Jul 22, 2009 7:56am
Quoting Indrek
Here we must take into consideration that Trix itself is based on MAs. By default they are EMAs not LWMAs but still - very close relatives btw themselves.
I have compared visually and it seems to me that to have confirmation by 3 TF Trixes and 3 TF Hulls is too conservative. Very rare trades and maybe even not the best ones as a very tight filter is awfully lagging.
What and in what combination are you using in your real trading?
I agree if one waits for 3xtf hull AND trix is too conservative.

I think the C4 is the way to go.

What MA? Hull is too quick for primer. WMA at the 8,3,6 is fine. Wait for PA to cross above or below.

TRIX at which TF you decide to trade PLUS one higher TF of TRIX as confirmation as trigger.

What I am doing is using the baskettrader COMBI trend to inform me as to the choice of curreny pair to trade. It tell the strength of the pair compared to the others. I am looking at the USD pairs plus JPY pairs.

I have only two trades open at any one time.

Currently because I have more time to sit in front of PC I am trading M15.

Sometimes I do not have this luxury of time. I will have to trade higher TF with same strategy.
  • #214
  • Jul 22, 2009 8:06am Jul 22, 2009 8:06am
Quoting lrathi

What MA? Hull is too quick for primer. WMA at the 8,3,6 is fine. Wait for PA to cross above or below.

TRIX at which TF you decide to trade PLUS one higher TF of TRIX as confirmation as trigger.

What I am doing is using the baskettrader COMBI trend to inform me as to the choice of curreny pair to trade. It tell the strength of the pair compared to the others.
1. I think people in C4 thread still use WMA 12,3,6 or have they already switched to 8,3,6?
2. I personally think that when trading off M15 the best and sure confirmant is H4 not H1. Because M15 and H1 are too related. Higher timeframe is more conservative but it does not depend so much on current changes of current level.
3. Would be interesting to know more about the COMBI thing. Any special indicators to share?
  • #215
  • Jul 22, 2009 8:13am Jul 22, 2009 8:13am
Quoting lrathi
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

can u pls give the histogram version of HMA
  • #216
  • Jul 22, 2009 8:15am Jul 22, 2009 8:15am
Quoting Indrek
1. I think people in C4 thread still use WMA 12,3,6 or have they already switched to 8,3,6?
2. I personally think that when trading off M15 the best and sure confirmant is H4 not H1. Because M15 and H1 are too related. Higher timeframe is more conservative but it does not depend so much on current changes of current level.
3. Would be interesting to know more about the COMBI thing. Any special indicators to share?
1.I have found 8,3,6 turns faster then 12,3,6. I am happy with 8,3,6 on my charts.

2. I think trading H4 charts is better. This is my TF usually due to lifestyle.
Just check if TRIX has changed every 4 hours. If it has and I have time, sit and trade on M15.

However, M15 and M60 at the momnet serves me well. This might change in tomorrow or the next. I am able to adapt to my commitments.

I am keen to trade Asian/London overlap only, but not always possible.

3. No special indicators for baskettrader. All on the thread and first post.
  • #217
  • Jul 22, 2009 8:42am Jul 22, 2009 8:42am
Quoting availdollars
can u pls give the histogram version of HMA
place in indicator folder
Attached File(s)
File Type: ex4 HMA Russian Histo.ex4   3 KB | 833 downloads
File Type: mq4 HMA_Russian_Color.mq4   4 KB | 824 downloads
  • #218
  • Jul 22, 2009 9:18am Jul 22, 2009 9:18am
Indrek!

Tried again, it works on my platform. HMA has to be in the folder as well.
Attached Image (click to enlarge)
Click to Enlarge Name: hma.gif Size: 33 KB
/ ... clarifying decisions ... /
  • #219
  • Jul 22, 2009 9:39am Jul 22, 2009 9:39am
Quoting walb99
Indrek!

Tried again, it works on my platform. HMA has to be in the folder as well.

Can you put email alert to come at close of candle?
  • #220
  • Jul 22, 2009 9:46am Jul 22, 2009 9:46am
Quoting lrathi
Can you put email alert to come at close of candle?
Can you please explain in more detail what you need?
/ ... clarifying decisions ... /
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