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MTF Trix system

  • #1,141
  • Aug 20, 2009 2:19pm Aug 20, 2009 2:19pm
Quoting Gleneagles
OK , after we have completed the manual for MTF trading for

60 15 5
30 5
240 15 5 or 240 60 15 5

We will move to the next leg once we have been through a few more trading sessions.

I think the system is easy enough to master the basics in a 1 to 2 weeks.
The volatility in the markets will start to pick up ( hopefully ) in September and improve even further in October.
" Never let the past hold the future to ransom "
  • #1,142
  • Aug 20, 2009 2:21pm Aug 20, 2009 2:21pm
You are crazy
Work smart not hard
  • #1,143
  • Aug 20, 2009 2:28pm Aug 20, 2009 2:28pm
Thankyou Indrek and GlenEagles for all of your effort in putting a really nice trading system together.

I have the standard ATR indie in my MT4 yours Indrek appears to be a digital read out? So I guess I put 2 ATRs in an indie window at the bottom ?
  • #1,144
  • Aug 20, 2009 2:32pm Aug 20, 2009 2:32pm
Quoting Indrek
Yes, I will. But then I also would like to have a Word version
And could we do it via e-mail maybe? My address is [email protected].
Indrek

I have just emailed you the word document
Would you like me to post the word doc to the forum?

PGPB
  • #1,145
  • Aug 20, 2009 2:34pm Aug 20, 2009 2:34pm
Quoting fxgrnwise
Thankyou Indrek and GlenEagles for all of your effort in putting a really nice trading system together.

I have the standard ATR indie in my MT4 yours Indrek appears to be a digital read out? So I guess I put 2 ATRs in an indie window at the bottom ?
Yes, if you are not going to use DX Info panel.
You can put two ATR lines on each other in different colours, so it will be very clear visually.
But should it be so complicated? Isn't it enough if you find out the usual ATR of your pairs and then have for example "ATR in pips" or some other indicator that shows the current value in the corner of your chart? Then you save your chart space.
  • #1,146
  • Aug 20, 2009 2:35pm Aug 20, 2009 2:35pm
Indrek,

Noted the email address thank you. You can edit and remove it from your post.
" Never let the past hold the future to ransom "
  • #1,147
  • Aug 20, 2009 2:38pm Aug 20, 2009 2:38pm
Quoting Indrek
What I suggest is that the author deletes the pdf file for now and we do some work with a Word text.
PDF deleted as requested. I have emailed a word doc to Indrek
If he wants me to post my first draft in word I will
PGPB
  • #1,148
  • Aug 20, 2009 2:38pm Aug 20, 2009 2:38pm
Quoting Indrek
Thanks. No, I do not suggest to post in the forum and I also suggest to delete the pdf for now. Maybe you can send it to Glen also via e-mail.
Then we are not confusing people if sth has to be fixed or changed. I imagine that we have the danger to start discussing the manual instead of discussing the system
I will PM my email address.
" Never let the past hold the future to ransom "
  • #1,149
  • Aug 20, 2009 2:39pm Aug 20, 2009 2:39pm
Quoting Indrek
Thanks. No, I do not suggest to post in the forum and I also suggest to delete the pdf for now. Maybe you can send it to Glen also via e-mail.
Then we are not confusing people if sth has to be fixed or changed. I imagine that we have the danger to start discussing the manual instead of discussing the system
Sure.
Glen if you pm me your email address I can email you the manual

Agreed, this is how religions get messed up, the guru gives the message and the followers misinterpret
LOL
  • #1,150
  • Aug 20, 2009 2:40pm Aug 20, 2009 2:40pm
Quoting Indrek
This address is not a secret one
If you have a good spamfilter..sure.
" Never let the past hold the future to ransom "
  • #1,151
  • Aug 20, 2009 3:03pm Aug 20, 2009 3:03pm
Indrek,

Thankyou for clarifying that for me! I felt like I was missing the boat on something So that is what the DX info panel is...I am embarrassed to say it but I will, I thought it was a manual for the scalper signals.Okay you can all have a good laugh on me.
  • #1,152
  • Edited 3:40pm Aug 20, 2009 3:18pm | Edited 3:40pm
Thanks Indrek for starting and allowing the evolution of this great thread.

Thank you gleneagles for opening my eyes to allow trading simply based on PriceAction.

I have made minor modifications to the manual. Once you guys receive it, I can remove it from my post.
WANT WHAT THE MARKET WANTS...
  • #1,153
  • Aug 20, 2009 3:24pm Aug 20, 2009 3:24pm
Okay its up on the chart, that is very helpful... Thankyou again
  • #1,154
  • Aug 20, 2009 6:18pm Aug 20, 2009 6:18pm
Looking forward to the manual. Could I ask that it sets out the correct settings for all timeframes for the smC4Scalper Signals_V1, as there stills seems to be some confusion. Great thread, thank you.
  • #1,155
  • Edited 6:44pm Aug 20, 2009 6:38pm | Edited 6:44pm
Just wanting to see if I can get a profile pic to work...

Nope! Obviously not! Hmmm.... I have tried a pic from my PC and one with a www...

Ahhhhhh... thats better!

Viva de revolution!
How do you make a small fortune in Forex? Start with a large one!
  • #1,156
  • Aug 20, 2009 10:10pm Aug 20, 2009 10:10pm
Hello everyone,

A couple of you have sent me PM's inviting me over. I sincerely appreciate it. I hope that means that you see that I am objective, offer help and opinions, and have at least some level of intelligence.

But I am brutally honest, and "call them as I see 'em". So expect that!

Frankly, I am exhausted from the antics over at the other thread, so I am taking a break and will review this thread at length over the weekend.

I'm looking forward to it, sounds like you have done some good work here.

Doc
  • #1,157
  • Aug 20, 2009 11:06pm Aug 20, 2009 11:06pm
Quoting Indrek
Hi and thanks for your kind words
There was a link to the Snake posted by golden1 in post # 331. Here it is again: http://kreslik.com/forums/viewtopic.php?t=1663
As TRO has requested not to post his code in other forums, please go and download it from there.
Hi Indrik,

I have had the snake loaded up on my charts since it was mentioned... It gives a good overview of the market without going through the TF's to compare...

However, I would guess that it is based on an MA or something, rather than trix? I have noticed that there is a little difference at times.

Is there anyone here who would be capable of constructing a similar meter that aligns with our Trix? I am not adverse to taking an LSD (look, see, decide) at the other TF's, was just wondering if this meter could assist in that process...

Do we have any coders here at all for that matter?

Regs
How do you make a small fortune in Forex? Start with a large one!
  • #1,158
  • Aug 20, 2009 11:26pm Aug 20, 2009 11:26pm
Quoting orientos
Looking forward to the manual. Could I ask that it sets out the correct settings for all timeframes for the smC4Scalper Signals_V1, as there stills seems to be some confusion. Great thread, thank you.
Again - the settings depend on what anyone wants to have. No "correct" settings exist. Glen uses MA 12,3,6 for M5 and MA 8,3,6 for other timeframes. I use MA 12,3,6 for all timeframes. Some people like 14,3,6 better. Some like something else.
The same with Trix. Somebody uses Trix 2,1,1,1 for M5 and somebody likes 4,1,1,1 for H1 and H4.
Whatever works for you is good. You HAVE to do this job by yourself that you figure out what are your best settings.
The manual should describe how the system works with Trix and MA whatever settings you have chosen for them.
  • #1,159
  • Aug 20, 2009 11:32pm Aug 20, 2009 11:32pm
[quote=Indrek
Nice result but it seems to me that you took this trade before the signal on M30 was confirmed, i.e. the M30 candle with arrow was still open.
This caused to you a lot of painful waiting. The correct entry would be after the small retracement when M5 Trix turned down again.
Of course, everything is ok that ends ok [quote]




Quoting Gleneagles
Agree....
I took the trade from 60M.
Entry 16512
Second entry 16495

Trader7,

Consider putting pivots on your chats, you will see why the price bounced.
It was NOT to punish you for the early entry
Worked out well in the end


Thank you Indrek and Gleneagles for taking the time to review my chart. Much appreciated.

I fully agree that the trade was taken early. This was because at the midpoint of the 30 min period at 9.15 all the Trix from 5m to H4 were showing red. I took this as a sign of a strong downtred.

I agree that this was not strictly in accordance with the Gleneagles rules. Should have waited for the 9.25 5m bar to close. Patience...patience. What a rare commodity.

I have now added pivots to the charts as advised by you.

Have a nice PIPS day.
  • #1,160
  • Aug 20, 2009 11:51pm Aug 20, 2009 11:51pm
would you say this was a valid signal or no? i would have taken it more then likly with out the MTF from the bounce off monthly pivot but by MTF would i have been correct to sell there ?
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