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MTF Trix system

  • #221
  • Jul 22, 2009 3:28pm Jul 22, 2009 3:28pm
I just updated the zip-file at 1st page as SwingMan offered a new version where alert bugs should be finally solved. All the files have kept the same names, so it is enough just to replace the previous ones and then restart MT4.
More basic information for the use of this system coming tomorrow (hopefully) as I have found sth interesting and very intriguing that still needs some checking.
Also I am looking for the author of an indicator called Vorticity Signal to ask him/her some questions before we can maybe think about adding this indy to our toolbag (as Edge uses to say ). Already asked Anne/TG but she referred to sb else, so let us see.
  • #222
  • Jul 22, 2009 3:54pm Jul 22, 2009 3:54pm
That's how loses occur.. Easy as 1-2-3

Scalping here and there can run into bigger loss, which will offset
all the winner.. Maybe I start just flipping the coin tomorrow.
Need longer term trading system..
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  • #223
  • Jul 22, 2009 4:10pm Jul 22, 2009 4:10pm
Quoting SkyzerFX
That's how loses occur.. Easy as 1-2-3

Scalping here and there can run into bigger loss, which will offset
all the winner.. Maybe I start just flipping the coin tomorrow.
Need longer term trading system..
As much as I understand (and I admit that I do not understand scalping very much ), the key issue in scalping is persistance. You just sit and take as many signals as you can and if you do not make big mistakes then you have to have more winning trades than losing ones by the end of the day. That is where your profit comes from.
If to scalp "here and there" then you most probably will not win very often...
This thread here is meant for discussing the usage of the system for higher TF. Not scalping. So, maybe we can work together on some solutions.
  • #224
  • Jul 22, 2009 4:16pm Jul 22, 2009 4:16pm
Quoting Indrek
This thread here is meant for discussing the usage of the system for higher TF. Not scalping. So, maybe we can work together on some solutions.
You right I'm not going to just run away after few loses.. We should
and must find some solution eventually.. Also day to day is different
Sometimes it works and sometimes it's not, our goal is to filter as much
conditions/data as possible to trade only under certain conditions,
like, if this and that criteria met, then do trade, otherwise go fishing or something!
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  • #225
  • Jul 22, 2009 5:02pm Jul 22, 2009 5:02pm
Also be careful to just hit "Buy" or "Sell" Not sure how, but I just bought
EURJPY? with like 9 pip spread (sudden move in spread after hours)
(impossible to scalp anything)
and now it's look back to normal (4 pips)
Crooks everywhere
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  • #226
  • Jul 22, 2009 5:26pm Jul 22, 2009 5:26pm
Hey Skyzer,just stay incourage and stick to your trading plan and you will be fine.
Quoting SkyzerFX
You right I'm not going to just run away after few loses.. We should
and must find some solution eventually.. Also day to day is different
Sometimes it works and sometimes it's not, our goal is to filter as much
conditions/data as possible to trade only under certain conditions,
like, if this and that criteria met, then do trade, otherwise go fishing or something!
  • #227
  • Jul 22, 2009 5:33pm Jul 22, 2009 5:33pm
Indrek,

Would it be possible to list the changes to the indicators in Post 1? Example: In "Inputs" for the smUltraSuperTRIX MTF PV4 col is "Upper TimeFrame" value supposed to be changed to 15 (instead of 30) to make it into an M15 indicator? Also, on Edge's thread today I received confirmation that all the TRIX inicators and the smC4Scalper Candles should be set to 1=ema, 2=ema, and 3=ema. There are so many of these small changes. I for one do not know what the changes do, I just want to have them right. Your thoughts?
  • #228
  • Jul 22, 2009 6:26pm Jul 22, 2009 6:26pm
If I make those changes to the candles, they don't coincide with the trix up and down arrows on the same time frame
Quoting mary4x
Indrek,

Would it be possible to list the changes to the indicators in Post 1? Example: In "Inputs" for the smUltraSuperTRIX MTF PV4 col is "Upper TimeFrame" value supposed to be changed to 15 (instead of 30) to make it into an M15 indicator? Also, on Edge's thread today I received confirmation that all the TRIX inicators and the smC4Scalper Candles should be set to 1=ema, 2=ema, and 3=ema. There are so many of these small changes. I for one do not know what the changes do, I just want to have them right. Your thoughts?
  • #229
  • Jul 22, 2009 8:14pm Jul 22, 2009 8:14pm
Thanks Indrek for starting this thread. I really prefer the longer timeframes. I think there is less "noise" and the percentage of winning trades is much higher. I haven't been doing this long, but here is what seems to be working out quite well for me:

Price Action is the primer--when a candle crosses and closes above or below the 14 LWMA. The, the TRIX, 4H TRix and DMI's all have to line up. If the don't I pass. The win percentage has been very high and I can usually get 3x ATR for the G/U or G/Y, or 2x ATR for the E/U, E/J or A/U. I use the previous swing low or high for a stop loss. I trade just the London session now, but start an hour early--and stop early if I have made my target.
Attached Image (click to enlarge)
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  • #230
  • Jul 22, 2009 8:17pm Jul 22, 2009 8:17pm
The indicator doesn't show up on my charts. I tried a black background chart, and a white one. The indi shows as being there on my indicator list on the chart, but nothing shows. Do I need to speak Russian?
Quoting lrathi
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...
  • #231
  • Jul 23, 2009 12:05am Jul 23, 2009 12:05am
Quoting mary4x
Indrek,

Would it be possible to list the changes to the indicators in Post 1? Example: In "Inputs" for the smUltraSuperTRIX MTF PV4 col is "Upper TimeFrame" value supposed to be changed to 15 (instead of 30) to make it into an M15 indicator? Also, on Edge's thread today I received confirmation that all the TRIX inicators and the smC4Scalper Candles should be set to 1=ema, 2=ema, and 3=ema. There are so many of these small changes. I for one do not know what the changes do, I just want to have them right. Your thoughts?
I do not know the changes but these can be very easily noticed from the settings. Certainly, if you use an indicator then you have to set it for your needs.
When we say that all Trix based indicators should be set to EMA,EMA,EMA then it means that the setting is 3,1,1,1 or 4,1,1,1. If you open the settings of the indicator then everything is clearly shown there.
  • #232
  • Edited 1:35am Jul 23, 2009 12:10am | Edited 1:35am
Quoting paradoxical
The indicator doesn't show up on my charts. I tried a black background chart, and a white one. The indi shows as being there on my indicator list on the chart, but nothing shows. Do I need to speak Russian?
I had the same problem but then I did what lrathi suggested - just put 3 Russian Histo indicators to my chart. But, as lrathi very well explained, we do not need both Trix and Hull indicators. I prefer Trix, so I deleted Hull after some looking at it.
  • #233
  • Edited 2:26am Jul 23, 2009 2:16am | Edited 2:26am
As I have previously used indicators from TG Vorticity family, I started to play with them again yesterday. Finally, I concluded that Vorticity Signal that works with TudorGirl_Vorticity_2 can probably be used as a primer with our system here.
Then the system would be as follows:

 

  1. Vorticity as a primer
  2. Trix as a trigger
  3. one higher TF Trix for additional confirmation (I would use H4 for M15 trading but some prefer H1)

Now bad side of the story: Vorticity indicators repaint past 2-3 indicators, so Vorticity Signal is also not fixed to the place where it originally standed. It means, we cannot backtest it.
But: I noticed that the Signal arrow moves for only one candle in real situation and if Trix gives a signal and the Vorticity Signal is still there, then their can be a trade.

All that needs testing and analyzing. But as I have already stressed - we do not have absolutely ready solutions here. And probably, if we had we would be successfully trading instead of discussing and arguing

I attach the two indies and the picture of my chart.
You do not have to attach the TG_Vorticity_2 to your charts but the Signal indy needs it to be in your indicators folder.

And one more thing: after discussing the matter with lrathi whose experience and ideas I rate highly, I have also started to use 3,1,1,1 settings for Trix at any TF. If we use H4 as a confirmation for M15 then it is good to keep it faster.

Attached Image (click to enlarge)
Click to Enlarge Name: 3 trix + vorticity.gif Size: 46 KB
Attached File(s)
File Type: ex4 Vorticity Signal.ex4   3 KB | 1,196 downloads
File Type: ex4 TudorGirl_Vorticity_2.ex4   3 KB | 1,090 downloads
  • #234
  • Jul 23, 2009 4:47am Jul 23, 2009 4:47am
Quoting Indrek


And one more thing: after discussing the matter with lrathi whose experience and ideas I rate highly, I have also started to use 3,1,1,1 settings for Trix at any TF. If we use H4 as a confirmation for M15 then it is good to keep it faster.
What are the pros and cons of the two different settings for higher TF's? 3 vs. 4?

Thanks.
  • #235
  • Jul 23, 2009 4:50am Jul 23, 2009 4:50am
Quoting Dewey McG
What are the pros and cons of the two different settings for higher TF's? 3 vs. 4?

Thanks.
4 is slower, so your trading is more conservative. I suggest that you simply put both to your charts and compare
I now have 3,1,1,1 for all timeframes. If I will not like it then I change again.
  • #236
  • Jul 23, 2009 6:56am Jul 23, 2009 6:56am
I don't think those Indies work in ranging market.
Besides all of them are repainting.. You know, it's like room fly,
flying from table to chair, to sofa and all those indies painting behind
her flying path and not a single one can show which way the fly would
be flying next,
look at this screen:
Attached Image (click to enlarge)
Click to Enlarge Name: screen26.jpg Size: 116 KB
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  • #237
  • Edited 8:30am Jul 23, 2009 7:56am | Edited 8:30am
Quoting SkyzerFX
I don't think those Indies work in ranging market.
Besides all of them are repainting.. You know, it's like room fly,
flying from table to chair, to sofa and all those indies painting behind
her flying path and not a single one can show which way the fly would
be flying next,
look at this screen:
1. Almost no indies work in ranging market, as we know.
2. Fisher is repainting, that is also a well-known fact.
3. MTF Trixes are not repainting but if you look at M5 chart then current price action really changes up to 3 bars of M15 and 12 bars of H1. It is logical and has nothing to do with repainting. Repainting is changing past, this is changing present.
4. Even if some indicator is repainting then it is not so big problem in real trading because price is anyway going where 6 big banks want not where our repainting or not-repainting indicators want Using indicators just reduces the risks we have when trading.
5. Indicators that could show the future are not possible in real world

Besides: when going to catch 5-10 pips profit then it is absolutely possible any time and ranging market can even be the best if you catch all the small moves up and down. The only questions are: what combination of indicators you use and how you use them So, it is up to us, traders, not indicators.
  • #238
  • Edited 8:46am Jul 23, 2009 8:29am | Edited 8:46am
Here are some possible trades with this system today from M15 chart. One (the red one) is definitely a loser, other possibly winners (depends on how many pips would a trader try to catch).
I even deleted the confirming higher TF from the chart to show more possibilities. With higher TF confirmation there would be only two trades - 2 first ones. Also not bad.
If to try to be very conservative then target of ATR(14) or ATR(21) is very good. 3-4 wins of 20 pips should be enough for a day if to use full lots or even bigger.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 2307.gif Size: 47 KB
  • #239
  • Jul 24, 2009 1:53am Jul 24, 2009 1:53am
Quoting walb99
Can you please explain in more detail what you need?
Yes please.

The version is Megatrend aka hull MA. See attached.

Add email alert at CLOSE of the candle.

I also attach another indicator which has the same feature. SSL indicator
"alert at Bar close". If you know know the code "x" mins before bar close would be fantastic. I have seen this feature too on some indicators.

The advantage is that you receive only ONE email at the CLOSE of that candle rather than multiple emails in realtime when the candle changes colour.

The idea is that emails can be converted to SMS on mobile phones for the signal. Useful on the higher TF trading.

MAny thanks for your kindness
Attached File(s)
File Type: mq4 MegaTrend.mq4   4 KB | 998 downloads
File Type: mq4 SSL_fast_sBar_alert_mtf.mq4   5 KB | 850 downloads
  • #240
  • Jul 24, 2009 3:49am Jul 24, 2009 3:49am
66pips profit one trade.

TP=weekly resistant from where I entered

Use SMA 60 as long term trend
Attached Image (click to enlarge)
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