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MTF Trix system

  • #621
  • Aug 14, 2009 1:07pm Aug 14, 2009 1:07pm
Hi, it's been a while...I've been wrapped up with Nitro...and it's working but my schedule is hard to scalp.

I would much prefer the longer term approach you and Glen are using.

I read your last post with the screen shot in which you discussed going back to MTF Trix etc...

Here is what I have: Is it close?

10/40 EMA's

ScalperSignals set to 14,3,1.0

MTF Trix M15,1,1,1
MTF Trix H1, 1,1,1
Attached Image (click to enlarge)
Click to Enlarge Name: Indrek is this right.gif Size: 33 KB
  • #622
  • Aug 14, 2009 1:17pm Aug 14, 2009 1:17pm
Quoting pilotui
Hi, it's been a while...I've been wrapped up with Nitro...and it's working but my schedule is hard to scalp.

I would much prefer the longer term approach you and Glen are using.

I read your last post with the screen shot in which you discussed going back to MTF Trix etc...

Here is what I have: Is it close?

10/40 EMA's

ScalperSignals set to 14,3,1.0

MTF Trix M15,1,1,1
MTF Trix H1, 1,1,1
It is close but the exact settings are a very personal matter, I think. Somebody likes LWMA8, somebody 10, somebody uses Hull etc.
But the principle is the same - to use higher timeframes for confirmation.
I may give you my settings:
Scalper Candles 2,1,1,1
LWMA 10
LWMA 40
MTF Trix M15 3,1,1,1
MTF Trix H1 3,1,1,1
DXTrade C4 2,10,40
Scalper Signals 2,1,1,1 / 10,3,6
  • #623
  • Aug 14, 2009 1:20pm Aug 14, 2009 1:20pm
Quoting Indrek
Of course, it is ok. This is not a military facility here, nobody will be banned for independent thinking and open speech
Here you go Indrek,please take alook at these take profit target and let me know what you think.
Attached File(s)
File Type: ex4 #KG Target Points V.1.2.ex4   8 KB | 782 downloads
  • #624
  • Aug 14, 2009 1:27pm Aug 14, 2009 1:27pm
Quoting Indrek
It is close but the exact settings are a very personal matter, I think. Somebody likes LWMA8, somebody 10, somebody uses Hull etc.
But the principle is the same - to use higher timeframes for confirmation.
I may give you my settings:
Scalper Candles 2,1,1,1
LWMA 10
LWMA 40
MTF Trix M15 3,1,1,1
MTF Trix H1 3,1,1,1
DXTrade C4 2,10,40
Scalper Signals 2,1,1,1 / 10,3,6
Thank you Sir!
  • #625
  • Aug 14, 2009 1:43pm Aug 14, 2009 1:43pm
Still took one more trade, a lot of adrenaline in it... When I opened it, all Trixes showed south. But I am never going to complain about MTF Trixes repainting. The most important thing is that they work for me.
Now I think I have to throw my computer out of the window to avoid more trades at this absolutely wrong time
Weekly result just improved to 365 pips
Attached Image (click to enlarge)
Click to Enlarge Name: gu 1408 2.gif Size: 53 KB
  • #626
  • Aug 14, 2009 2:05pm Aug 14, 2009 2:05pm
Quoting stunna29
Here you go Indrek,please take alook at these take profit target and let me know what you think.Attachment
I do not understand what principle it works on...
And sth is probably wrong with it as the text in upper left corner appears and disappears, appears and disappears?
  • #627
  • Aug 14, 2009 2:13pm Aug 14, 2009 2:13pm
Man, already feels better!

I used the C4 Simple Scalper set up/icons etc that snapcracklepip put on the C4 board...

I entered when the Station man was a Blue Train...it said BUY...plus I had my ScalperSignals arrow a few candles earlier...followed by the 2 bombs that were green becoming 3 green bombs...I entered once the 30 Min TF did the same...3 green bombs and orange WAIT was BLUE BUY

Cool!
Attached Image (click to enlarge)
Click to Enlarge Name: 1st Indrek Trade.jpg Size: 134 KB
  • #628
  • Aug 14, 2009 2:15pm Aug 14, 2009 2:15pm
Quoting Indrek
I do not understand what principle it works on...
And sth is probably wrong with it as the text in upper left corner appears and disappears, appears and disappears?
Hey Indrek,just put it in your expert/indi folder then drag and drop it onto one of your chart and you should see the different levels of take profit.Hopefully this help.
  • #629
  • Aug 14, 2009 2:17pm Aug 14, 2009 2:17pm
Quoting pilotui
Man, already feels better!

I used the C4 Simple Scalper set up/icons etc that snapcracklepip put on the C4 board...

I entered when the Station man was a Blue Train...it said BUY...plus I had my ScalperSignals arrow a few candles earlier...followed by the 2 bombs that were green becoming 3 green bombs...I entered once the 30 Min TF did the same...3 green bombs and orange WAIT was BLUE BUY

Cool!
Very good!
But I am just curious: when I attach the snapcracklepip indy to my chart then I see three bombs but no price, no man, nothing like you have...
  • #630
  • Aug 14, 2009 2:19pm Aug 14, 2009 2:19pm
Quoting stunna29
Hey Indrek,just put it in your expert/indi folder then drag and drop it onto one of your chart and you should see the different levels of take profit.Hopefully this help.
I know how to attach indicators But what I say is that the text and lines are appearing and disappearing very fast, cannot see them properly.
And I do not understand from the settings what data it uses or how it calculates.
I have used Pivots or ATR or highs/lows for targets and SL, so far they have worked. I would like to know the calculation principle of any indicator that pretends to be better than these methods
  • #631
  • Aug 14, 2009 2:26pm Aug 14, 2009 2:26pm
Hi everyone,
Thanks so much for this thread
Am new here but been using foreXfactory for news trading untill after a painful loss experience i discovered MTF indicators trading. I use MT4 and am wondering if anyone knows the main idea regarding the settings- like the parameters- name, type, ivalues. For me what i get is that if 2 or3 indicators can agree on 2 or 3 time frames then thats a signal-buy/sell.For instance, If your indicator is placed on 15min is means when a buy signal comes there, 15MIN,30mins, 1hour and 4hours time frame voted buy. I have been trying to work this out based on the values to use in creating one but no success yet. Please does anyone feel me? What can i do? to experience some success.
Thanks
  • #632
  • Aug 14, 2009 2:28pm Aug 14, 2009 2:28pm
Unable to trade much today, but made three trades, one out of the recommended times. Plus 10, Plus 10 and Plus 5. Using the 5 minute Trix along with the 30 minute and when the 5 minute agrees with the 30, I take the trade. Usually when the 5 and 30 agree, the other longer time frames agree to. I also check the MTF Snake for a quick take on all the time frames up to monthly, which is not really needed. When they're all the same color, the percentage of winning trades is very high.
  • #633
  • Aug 14, 2009 2:39pm Aug 14, 2009 2:39pm
Quoting paradoxical
Unable to trade much today, but made three trades, one out of the recommended times. Plus 10, Plus 10 and Plus 5. Using the 5 minute Trix along with the 30 minute and when the 5 minute agrees with the 30, I take the trade. Usually when the 5 and 30 agree, the other longer time frames agree to. I also check the MTF Snake for a quick take on all the time frames up to monthly, which is not really needed. When they're all the same color, the percentage of winning trades is very high.
Could you post your charts, too?
  • #634
  • Aug 14, 2009 2:45pm Aug 14, 2009 2:45pm
Actually I took it off, because it's really not needed...but It's called Nitro_Train

Cheers!!
  • #635
  • Aug 14, 2009 2:48pm Aug 14, 2009 2:48pm
Quoting pilotui
Actually I took it off, because it's really not needed...but It's called Nitro_Train

Cheers!!
Ah, I did not attach it to the chart as I understood from the author's post that this is some kind of replacement to Renko...
I like different toys, so I now take a look
  • #636
  • Aug 14, 2009 2:50pm Aug 14, 2009 2:50pm
Hi Indrek,

I have a little question. You are using the "Quik-Trailing" EA to manage your trades. I uploaded it too and wonder whether my settinngs are senseful or not.

Could you please have a look on the attached pic?

Attached Image (click to enlarge)
Click to Enlarge Name: 2009-08-14 post 1-1.gif Size: 51 KB




Btw. on C4 thread a member named SusanD posted an idea to manage trades. She tries to TP in steps of 2 or more pips - as I understood her.

As Edge doesn't want her to post results on his thread, I invited her to your thread. Her ideas could be a useful effot for us. I hope she will post her results.

Nice weekend to all.

If there are pips you can collect - just do it!
  • #637
  • Aug 14, 2009 2:52pm Aug 14, 2009 2:52pm
We'll I know it's the end of the day...but I took the second littletrade (actually shouldn't have closed out the 1st one) on the alert from the 30 min trix on my chart...that plus the bombs went from 2 (wait) to 3 (buy) so I jumped in.

My main question for Glen or anyone else is:

Do you enter on the Signal Arrow (yellow) Close or do you wait for Signal arrow close + 30 min Trix Signal?

I was thinking of a scaled approach...enter .50 Lot at Closeof Yellow Scalper Signal arrow and then add .50 more on the 30 Min Trix signal or the C4 Bombs turning green.

The other question is: What should my profit target be? LOL

Thanks for the help! Darren
Attached Image (click to enlarge)
Click to Enlarge Name: Trade 2.gif Size: 27 KB
  • #638
  • Edited 3:53pm Aug 14, 2009 3:08pm | Edited 3:53pm
Quoting studbiol
Hi Indrek,

I have a little question. You are using the "Quik-Trailing" EA to manage your trades. I uploaded it too and wonder whether my settinngs are senseful or not.

Could you please have a look on the attached pic?
If they make sense or not depends on your style and strategy...
I use different settings for my pairs (EU and GU, I trade only these). I have described how I calculate SL and TP in my previous posts.
I do not use trailing stop - there is nothing to trail if to go for some 20 pips... I would use trailing stop for real swing trades with targets around 100 pips.
I set SL to BE at the same moment when first profit is taken. If you set it at 5 pips and your first profit is 7 then you have the danger not to get 7 too often but just to stay at 0 as you will be taken out before the first profit target is hit
Have a nice weekend, too!
  • #639
  • Aug 14, 2009 3:12pm Aug 14, 2009 3:12pm
So do the Bombs turn from Green to Grey...it's time to exit...or do you wait for them to turn Red?

Just curious what you think!
  • #640
  • Aug 14, 2009 3:29pm Aug 14, 2009 3:29pm
This post is for Irathi, who asked a Q earlier about long term Trix trades using 240M as a trend filter.

In crosshair mode do the following:

Place crosshair on next candle after signal candle ( i.e. your " entry point)

Left click and hold the button down and drag a line to any point on the chart.
You will get a reading in pip value as you drag the line across the chart.

Attached is a 240M GBPUSD chart, using the method described above, " measure" the pip value of the 240 Trix swings.

Bear in mind that it is often possible to get close to or exceed this value of a swing because of multiple entries and scaling of positions.

We can touch on this again next week , time permitting.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_02 Aug. 14 22.15.gif Size: 20 KB
" Never let the past hold the future to ransom "
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