MTF Trix system | Page 37 | 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

  • #721
  • Aug 16, 2009 7:48am Aug 16, 2009 7:48am
Quoting Gleneagles
Here are the trades for MTF 240 for Friday.
It is worth bearing in mind here that 4 hour candles start at different times depending on your broker server time. My MT4 provider is IBFX who use GMT as their server time. Consequently, the 4 hour candle that triggers the short trend completed on my charts at 16:00 GMT. The white line that signals completion on Gleneagle's chart for him, took place at 11:00 GMT, which led to a bit of head scratching at first on my part, lol.

If there is roughly a random distribution of start times across brokers, it is possible that 75% of readers will not "see" the same 4 hour chart as Gleneagles. Luckily, the 5 min, 15 min and 60 min charts have no such problems.
Attached Image
  • #722
  • Aug 16, 2009 8:06am Aug 16, 2009 8:06am
My main trading PC had a biggish problem last evening....I am disappointed with my trading start to this week.

Will be taking the PC to the PC hospital ASAP tomorrow AM.

My posts will be scanty...depends on te availibility of a second PC.(my son's)

Will join forum as soon as I cam again..

Good trading week to all!.
  • #723
  • Aug 16, 2009 9:20am Aug 16, 2009 9:20am
This week I am going to try the Renko candles with Edge MA with the Trix opn the five min and the the MTF Trix on the 15 min.

If I am successful with my approach, will post the chart and how the trades if I can.

I do not know how to post a chart.

Also, how do you get the Can indicator in the far upper right hand side of your charts. I tried to get the snake, but not good yet. Are they different?

Also, does anyone know if you can use the Renko candles with a one hour Trix and a four hour Trix when the Renko is set to say 20 pips per brick or whatever? They are always just set on the 2min chart. Is that how you would approach using them for your strategy?
  • #724
  • Aug 16, 2009 9:32am Aug 16, 2009 9:32am
Hi all together,

I noticed that I am not the only one using "bomb"-indicators. But I made some bad experience with them. In the attached pic you can see what could happen.

Attached Image (click to enlarge)
Click to Enlarge Name: 2009-08-16 post 1-1.gif Size: 36 KB


The first trade I took was announced by the shots of that "bomb"-indicator. If you look at the other indicators at that time (14:22 - GMT+3) you will easily see: NO - absolutly NO indicator shows a buy-signal. All indicators say "SELL". Ok, I was impressed by that shootig and that boms, I thought pehaps that indicator knows anything that the others don't know - so I went long!

Great mistake. A few seconds after I was in my trade that "bomb"-indicator went to "WAIT" - "SELL" - "WAIT" - "BUY" -.....

I deleted that indicator asap and traded my way. The "bomb"-indicator trade was a loss. The next trade (sell-trade) without listening to big bangs was a winner.

I will be very careful with indicators that use any spectacular effects. Thank god I tried it on demo-account.

Let's look forward to the next weak.

If there are pips you can collect - just do it!
  • #725
  • Aug 16, 2009 9:39am Aug 16, 2009 9:39am
Quoting studbiol
Hi all together,

I noticed that I am not the only one using "bomb"-indicators. But I made some bad experience with them. In the attached pic you can see what could happen.

Attachment

The first trade I took was announced by the shots of that "bomb"-indicator. If you look at the other indicators at that time (14:22 - GMT+3) you will easily see: NO - absolutly NO indicator shows a buy-signal. All indicators say "SELL". Ok, I was impressed by that shootig and that boms, I thought pehaps that indicator knows anything that the...
I even have not had an idea to trade according to such indicators as this "bomb" one. It is on my chart mainly as an artistic object
But I cannot see higher TF Trix on your chart? You have not considered MTF Trix confirmation?
What EMA do you use in the MTF indicator?
  • #726
  • Aug 16, 2009 10:33am Aug 16, 2009 10:33am
Quoting Indrek
I even have not had an idea to trade according to such indicators as this "bomb" one. It is on my chart mainly as an artistic object
But I cannot see higher TF Trix on your chart? You have not considered MTF Trix confirmation?
What EMA do you use in the MTF indicator?

Al long as a have to wait or Singman's 4col indicator with "No-trade-areas" I use the DX Trade C4 indicator's arrows (big aqua and big magenta) with this settings:

Attached Image


As the Trix poriod is 7 they react very similar to MTF-Trix-M15 set to period 3

My EMA #1 is MA in color_wAppliedPrice set to 12,3,6 and my EMA #2 is HAMA2 (pink and light blue histograms) that is set to 3 and 29. That HAMA2 is very similar to EMA 48 and substitudes my MTF-indicator.

I hope that Mr. SwingMan will find some time t program the 4col version of smSuper TRIX_PV_v2

Have a nice day
If there are pips you can collect - just do it!
  • #727
  • Aug 16, 2009 10:57am Aug 16, 2009 10:57am
Quoting studbiol
Al long as a have to wait or Singman's 4col indicator with "No-trade-areas" I use the DX Trade C4 indicator's arrows (big aqua and big magenta) with this settings:

Attachment

As the Trix poriod is 7 they react very similar to MTF-Trix-M15 set to period 3

My EMA #1 is MA in color_wAppliedPrice set to 12,3,6 and my EMA #2 is HAMA2 (pink and light blue histograms) that is set to 3 and 29. That HAMA2 is very similar to EMA 48 and substitudes my MTF-indicator.

I hope that Mr. SwingMan will find some time t program the 4col version...
Thank you for the very detailed explanation. Quite nice setup, I would say
  • #728
  • Aug 16, 2009 11:05am Aug 16, 2009 11:05am
[quote=Gleneagles;2958174]
Quoting Gleneagles
:

1. There is a lot of Chop and consolidation at this signal on the 1H
2....

Yes I see the news...I just picked a random signal to try this on...

Thanks!
  • #729
  • Aug 16, 2009 11:07am Aug 16, 2009 11:07am
Quoting Gleneagles
Please remember that if you use 60M or 240M as a trend filter, you DO NOT have to wait for a break of high/low for the trend signal to be considered " valid ".

I suggested to consider it if you use 30M.
If you feel that it will give you a safety belt by using high/low on 60M...by all means.
I always use high/lows on 5M candles on entry.
Ok, that makes sense, and I will probably use it as a safety belt for a few weeks as I groove this plan/approach into my trading.

Have you thought of a way to reduce the number of signals you get...even on H4 there are quite a few!
  • #730
  • Aug 16, 2009 11:23am Aug 16, 2009 11:23am
Quoting Indrek
I have changed my chart a bit adding Trix M30 to it and setting DX info panel to show H4 Trix. Now I see 5 different TFs on one chart.
Visually I would say that big arrows (Trix+2 MAs) are valid if M15 and H1 agree and small arrows (Trix+MA) only when all (M15, M30, H1) agree.
H4 is just for seeing the bigger picture and predicting what may happen.
Also turned Trix colours upside down according to what I said before - if Trix is above...
This is a GREAT idea...how did you turn your Trix colors uside down? Reverse the values?

Also, your Trix +2MA's (10/40) right?
  • #731
  • Aug 16, 2009 11:35am Aug 16, 2009 11:35am
Quoting pilotui
This is a GREAT idea...how did you turn your Trix colors uside down? Reverse the values?

Also, your Trix +2MA's (10/40) right?
I reversed colours in the settings - tomato to yellow green and vice versa
Yes, I use 10/40 right now but have used also 12/48 combination. Not much difference, in fact.
  • #732
  • Aug 16, 2009 11:38am Aug 16, 2009 11:38am
Quoting studbiol
Al long as a have to wait or Singman's 4col indicator with "No-trade-areas" I use the DX Trade C4 indicator's arrows (big aqua and big magenta) with this settings:

Attachment

As the Trix poriod is 7 they react very similar to MTF-Trix-M15 set to period 3

My EMA #1 is MA in color_wAppliedPrice set to 12,3,6 and my EMA #2 is HAMA2 (pink and light blue histograms) that is set to 3 and 29. That HAMA2 is very similar to EMA 48 and substitudes my MTF-indicator.

I hope that Mr. SwingMan will find some time t program the...
I can't open it...or change the input...does it default to 3,29?
  • #733
  • Aug 16, 2009 11:38am Aug 16, 2009 11:38am
Quoting pilotui
Ok, that makes sense, and I will probably use it as a safety belt for a few weeks as I groove this plan/approach into my trading.

Have you thought of a way to reduce the number of signals you get...even on H4 there are quite a few!

Bear in mind that the 240M Trix is merely a trend filter or trend indicator.
The number of trades will depend on 15m and 5M trigger down the line.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_02 Aug. 16 18.33.gif Size: 19 KB
" Never let the past hold the future to ransom "
  • #734
  • Aug 16, 2009 11:47am Aug 16, 2009 11:47am
Quoting Royston
It is worth bearing in mind here that 4 hour candles start at different times depending on your broker server time....

You are right.

I use Boston price feed for charting for MTF.
" Never let the past hold the future to ransom "
  • #735
  • Aug 16, 2009 12:09pm Aug 16, 2009 12:09pm
Quoting pilotui
I can't open it...or change the input...does it default to 3,29?
Sorry Pilotui,

I'm not a programmer or coder. All I know is this setting type 3, period 29 and I know that this is even shown in the mq4-file. If you are able to change the setting of a mq4-file than it would be easy to code other settings.

Here you will find the ex4 and the mq4:

http://www.forexfactory.com/showpost...postcount=4336
If there are pips you can collect - just do it!
  • #736
  • Aug 16, 2009 12:14pm Aug 16, 2009 12:14pm
There are some great ideas and suggestions floating around now.

Build yourself 3-4 templates and spend a few trading sessions trying out different options, I am convinced you will find something that will work for you.
" Never let the past hold the future to ransom "
  • #737
  • Aug 16, 2009 12:16pm Aug 16, 2009 12:16pm
Quoting studbiol
Sorry Pilotui,

I'm not a programmer or coder. All I know is this setting type 3, period 29 and I know that this is even shown in the mq4-file. If you are able to change the setting of a mq4-file than it would be easy to code other settings.

Here you will find the ex4 and the mq4:

http://www.forexfactory.com/showpost...postcount=4336
You can open mq4 file in Notepad (or some other txt editor) and just change the inputs (2 numbers) there.
When you open HAMA2.mq4 then somewhere you see:


int MaMetod = 3;
int MaPeriod = 29;

Change these numbers and save the file. Should work
  • #738
  • Aug 16, 2009 12:30pm Aug 16, 2009 12:30pm
Just some input for those who want to try susan's method of peeling off partial lots with the trade manager.
You do not have to get a vps for this. You can do it right on the same platform you are trading from. Just open a blank chart, drop the EA onto it and set the settings she described and tell it to manage all trades. GJ is a good choice as it usually has a high tick rate.
Am sure most already know this, but it had started to sound like a few thought they had to jump right on getting a vps to trade this way.
  • #739
  • Edited Aug 17, 2009 7:06am Aug 16, 2009 12:43pm | Edited Aug 17, 2009 7:06am
Quoting Indrek
You can open mq4 file in Notepad (or some other txt editor) and just change the inputs (2 numbers) there.
When you open HAMA2.mq4 then somewhere you see:


int MaMetod = 3;
int MaPeriod = 29;

Change these numbers and save the file. Should work

Every MT4 platform I have used comes with MetaEditor built into it.

Just click on the exclamation point icon
open & edit the .MQ4 file and compile it.
Your done.

Hope it helps.
Attached Image (click to enlarge)
Click to Enlarge Name: met2.JPG Size: 68 KB
Attached Image
I trade what I see on my charts. Do Not listen to the Muppets.
  • #740
  • Aug 16, 2009 12:49pm Aug 16, 2009 12:49pm
Quoting Gleneagles
Here are the trades for MTF 240 for Friday.

1) White line is where trend signal change happened ( short )
2) Only looking for sell signals using 15M and 5M after trend change
3) First red vertical line is the first sell signal
4) Second red line is second sell signal
5) Third red line..sorry that is on Monday at 06h00 GMT

First trade: +25 +35 +50
Second trade: +25
Hello Glen

Please tell me what those arrows are?
Work smart not hard
4 traders viewing now