MTF Trix system | Page 24 | 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

  • #461
  • Aug 10, 2009 12:54pm Aug 10, 2009 12:54pm
That should be Richard (Rich) Swannell.

Anthony
  • #462
  • Aug 10, 2009 2:01pm Aug 10, 2009 2:01pm
Hi indrek,

Can you please explain what would be your entry criteria using snake meter and dx meter? which lights in snake have to be the same? Also your exit, what stop loss do you use, do you just go for 10 pips? or you trail stop? Thank you for your answers.

Jeff.
  • #463
  • Aug 10, 2009 2:25pm Aug 10, 2009 2:25pm
Hey Indrek would you mind shareing your EA or at least tell me where i can get it.,Thanks alot.
Quoting Indrek
Two more, not so good but still acceptable In first case, my EA did not work for some reason and I closed half of position manually at -5 after the first half had reached its target (+10). In second case, half of position was stopped out at BE.
  • #464
  • Aug 10, 2009 2:29pm Aug 10, 2009 2:29pm
Quoting stunna29
Hey Indrek would you mind shareing your EA or at least tell me where i can get it.,Thanks alot.
Try post 415
But this is only a trade manager that I use for setting SL, TP and SL to BE. I would never use an EA for entries!
  • #465
  • Aug 10, 2009 2:37pm Aug 10, 2009 2:37pm
Hi Indrek,

Can you find your settings for Quick Trailing EA post?

Greeting
Aleks
  • #466
  • Aug 10, 2009 2:44pm Aug 10, 2009 2:44pm
Quoting aleks760
Hi Indrek,

Can you find your settings for Quick Trailing EA post?

Greeting
Aleks
I trade EU and GU.
Settings for EU are at the moment - SL 26, TP 22, first profit 10 (half of position), SL to BE 10.
For GU - SL 33, TP 27, first profit 13 (half), SL to BE 13.
How I count it: once a week (on Friday evening) I check the ATR(1440) of M5 chart. And then SL is 3 x ATR + spread, first profit is ATR + spread and final TP is 3 x ATR - spread.
Sounds complicated, I know, but I enjoy playing with numbers It also means that I can change them any moment when I do not like current ones any more.
  • #467
  • Aug 10, 2009 6:47pm Aug 10, 2009 6:47pm
Indrek can answer as to what he does. I use the Tro Multi Meter Snake in place of the 3 ducks, as it has many more time frames, and is more accurate, I think as to the trend in the different time frames. I think if you see the last 4 all red or all blue, and you take a glance at the the TRO Meter and most all of the time frames are in the same direction, it's a good trade. I would enter after some sort of pullback and then have the signals match. For example, the pair has been going down for awhile and there's been a bump back up of enough pips to make the last DX signals turn the other way. Wait until there's another downturn and those turn back to red before entering. That way, you're following the trend after a pullback.
Quoting bumpfx
Hi indrek,

Can you please explain what would be your entry criteria using snake meter and dx meter? which lights in snake have to be the same? Also your exit, what stop loss do you use, do you just go for 10 pips? or you trail stop? Thank you for your answers.

Jeff.
  • #468
  • Aug 10, 2009 7:28pm Aug 10, 2009 7:28pm
Quoting lrathi
I use MTF in my trading

Rules.
enter on open of next candle after Arrow.

enter on low of candle with arrow

Using Trix 7,1,1,1,C

WMA 8,3,6 and 32,3,6

With TXIX M30 participation too ( see infor indicator)

Time around 5:45GMT.

I like trading asian/london overlap into london
Irathi

What are your moving averages set to?

thx!

PGPB

(PS. I know it is ancient history, but I am one of the ones who owe you an apology regarding the TG incident......so...I was wrong, you were indeed right, best wishes)
  • #469
  • Aug 10, 2009 8:56pm Aug 10, 2009 8:56pm
Thank you paradoxical for your explanation. will have a look at the chart. thanks again.
  • #470
  • Edited 11:18pm Aug 10, 2009 10:23pm | Edited 11:18pm
todays trades 11.8.2009

MTF C4 trading

Some entered a little late as price was travelling fast.

However, with the MTF set up... and traders discretion I was confident to still enter and get 10 pips each trade.

Another good filter many short term traders use...look for the daily pivot and see PA trade In that direction.

If I can do this consistently early in my day...wow!

if asian session does not have enough volility then I have a choice of LONDOn Session

Today done for the day!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpy_mtf_ 11.8.2009.gif Size: 21 KB
Click to Enlarge Name: eurusd_mtf_ 11.8.2009.gif Size: 22 KB
Click to Enlarge Name: audusd_mtf_ 11.8.2009.gif Size: 20 KB
Click to Enlarge Name: gbpusd_mtf_ 11.8.2009.gif Size: 20 KB
  • #471
  • Edited Aug 11, 2009 12:44am Aug 10, 2009 11:22pm | Edited Aug 11, 2009 12:44am
Quoting pgpb
Irathi

What are your moving averages set to?

thx!

PGPB

(PS. I know it is ancient history, but I am one of the ones who owe you an apology regarding the TG incident......so...I was wrong, you were indeed right, best wishes)
Read my post again...
The information is there WMA Weighted Moving Average same as post#1 from C4 this week.( This does oscillate between HULL MA and WMA each time one looks)

Appreciate the open forum apology. Seems many have fouls tongues on open forums...but few able to rise from their dark side on open forums or PM.
  • #472
  • Edited Aug 11, 2009 12:50am Aug 10, 2009 11:40pm | Edited Aug 11, 2009 12:50am
Quoting glanfx
According to Ray Swannell, who owns Elliottician, his multi year research shows that the C wave is the most predictable trade to make.

Please remember that A-B-Cs like all waves come in any time frame.

Good Trades to all,
Anthony
I respect Richard Swannell for his elliot wave work in my early days of trading and still do...

WAVE 3 is the best and longest/most profitable wave to follow BUT in the direction of the major trend.

http://thismatter.com/money/technica...lliot-wave.png


I hope you are not confusing wave 3=Wave C.

A well know international group swear that Wave 5 is the most predictable elliot wave even though not the most profitable.... Have software...with R:R and targetprofits all calculated with one click of the mouse....!!!!

Fibonacci educators refer to each trade as ABCD. The look to Identify point C to work out TP using fibonacci extention/expansion tools....

Thanks
  • #473
  • Aug 11, 2009 12:23am Aug 11, 2009 12:23am
Quoting bumpfx
Hi indrek,

Can you please explain what would be your entry criteria using snake meter and dx meter? which lights in snake have to be the same? Also your exit, what stop loss do you use, do you just go for 10 pips? or you trail stop? Thank you for your answers.

Jeff.
Hi.

SL and TP are explained in my previous post.
I use snake basically in the same way as golden1 suggested - 4 first bricks have to match for entry. If 2 first change there colour to the opposite then I think about exit, which means that I try to estimate if it is only a small retracement.
  • #474
  • Aug 11, 2009 1:00am Aug 11, 2009 1:00am
Quoting lrathi
todays trades 11.8.2009

MTF C4 trading

Some entered a little late as price was travelling fast.

However, with the MTF set up... and traders discretion I was confident to still enter and get 10 pips each trade.

Another good filter many short term traders use...look for the daily pivot and see PA trade In that direction.

If I can do this consistently early in my day...wow!

if asian session does not have enough volility then I have a choice of LONDOn Session

Today done for the day!
As seen from your charts, the daily job can be done during minutes with this system as all the pairs used most often move to the same direction. If your estimation about one of the pairs is correct then you most probably can enter with others too. But this is also a danger - if your estimation is wrong then it is wrong for all pairs
  • #475
  • Aug 11, 2009 1:10am Aug 11, 2009 1:10am
Irathi whats that mom indy use are using.
  • #476
  • Aug 11, 2009 1:24am Aug 11, 2009 1:24am
Quoting ukcool
Irathi whats that mom indy use are using.
I think that she uses this one.
Attached File(s)
File Type: mq4 MOM-TC_v2.mq4   4 KB | 678 downloads
  • #477
  • Aug 11, 2009 1:28am Aug 11, 2009 1:28am
Thanks Indrek
  • #478
  • Aug 11, 2009 1:39am Aug 11, 2009 1:39am
Irathi , do u see any advantage in the mom indy.
  • #479
  • Aug 11, 2009 1:43am Aug 11, 2009 1:43am
Quoting Indrek
I think that she uses this one.
Thanks this is the correct one.
  • #480
  • Aug 11, 2009 1:55am Aug 11, 2009 1:55am
Quoting ukcool
Irathi , do u see any advantage in the mom indy.
to be honest at this stage only as a security blanket.
Having said that....the infor panel is great as it has all the directions of the indicator used.

However, the one thing it does not show is the one leading indicator with these histograms versions.... DIVERGENCE

I am very strong in my trading tools when it comes to ... I repeat again...
1.Trading with higher TF participation
2. divergence awaremess(triple divergence ignore at your peril)
3. S&R ofsome kind.. I favour fibonacci clusters.

So my charts will reflect this...

Since I have my trix set at 7,1,1,1,C more like TRIX M15, I find the momentum indicator also picks up divergence. Since all these indicators are calculated slightly differently and please I am no expert at this.... I find divergence seen on all momentum indicators will be present but not always pick up the same divergence 100% of the time

I will have to gradually wean myself off the indicators I feel are redundant in time....
2 traders viewing now