MTF Trix system | Page 60 | 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

  • #1,181
  • Aug 21, 2009 7:00am Aug 21, 2009 7:00am
Quoting Indrek
Glen, have you done any research (probably you have ) about how much is the MA needed in our system. Right now, the arrows on our charts include both Trix and MA. If we quit using MA and use only Trix, how different could the results be?
Would it be dangerous to trade only with this indy that Royston has made for us?
hullo Indrek,

I think the moving average in the scalper signals settings is a filter Swingman put in so that only Trix crosses the correct side of the Moving average are displayed on the chart. The Trix value is the Trix value irrespective of the Moving Average. You can check this by changing the Moving Average from a low setting (8, 12, or whatever) to a high setting say 200. Suddenly, half the signals disappear. This has the effect of only showing short signals in a downtrend as defined by the 200 period ma.
  • #1,182
  • Aug 21, 2009 7:06am Aug 21, 2009 7:06am
Quoting Gleneagles
Hi Russ,

It must be the high/low so you have to count the wick in.

Good Luck!
You da man!
How do you make a small fortune in Forex? Start with a large one!
  • #1,183
  • Aug 21, 2009 7:06am Aug 21, 2009 7:06am
Closed manually today because of a few ISP issues.


I see no benefit in keeping the MA on the charts now that we have a very convenient guideline of trend direction.

We trade MTF Trix after all not MTF MA.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Aug. 21 13.56.gif Size: 15 KB
" Never let the past hold the future to ransom "
  • #1,184
  • Aug 21, 2009 7:06am Aug 21, 2009 7:06am
Quoting Royston
hullo Indrek,

I think the moving average in the scalper signals settings is a filter Swingman put in so that only Trix crosses the correct side of the Moving average are displayed on the chart. The Trix value is the Trix value irrespective of the Moving Average. You can check this by changing the Moving Average from a low setting (8, 12, or whatever) to a high setting say 200. Suddenly, half the signals disappear. This has the effect of only showing short signals in a downtrend as defined by the 200 period ma.
Yes, I know it all. My question was that maybe we can quit using MAs when we have a MTF confirmation from Trixes.
  • #1,185
  • Aug 21, 2009 7:08am Aug 21, 2009 7:08am
Quoting Indrek
Glen, have you done any research (probably you have ) about how much is the MA needed in our system. Right now, the arrows on our charts include both Trix and MA. If we quit using MA and use only Trix, how different could the results be?
Visually I would say that the signals of Trix and MA mostly match, and if there is a higher TF confirmation (sometimes even double or triple one) then - would it be dangerous to trade only with this indy that Royston has made for us?
Hi Indrek,
I have taken mine of already.
" Never let the past hold the future to ransom "
  • #1,186
  • Edited 7:24am Aug 21, 2009 7:09am | Edited 7:24am
Quoting Gleneagles
Hi Indrek,
I have taken mine of already.
I took the MA line away some time ago. But the Scalper Signals are based on Trix + MA. Can we quit using Scalper Signals now or keep them for safety?
  • #1,187
  • Aug 21, 2009 7:11am Aug 21, 2009 7:11am
Quoting Indrek
Yes, but do we need the arrows that include both Trix and MA?

I will leave the Scalper Signal arrows on my charts..maybe with a small MA setting so I can get a true Trix alert. I find it useful to have an alert if trading a few pairs at the same time.
" Never let the past hold the future to ransom "
  • #1,188
  • Aug 21, 2009 7:15am Aug 21, 2009 7:15am
Hi
Thank you very much for your meter . It is magnificent. I think it will be a good idea if we have the time frame showing on each line as in my picture.(to avoid confusion for people like me) Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: time.gif Size: 30 KB
  • #1,189
  • Aug 21, 2009 7:26am Aug 21, 2009 7:26am
Quoting harar
Hi
Thank you very much for your meter . It is magnificent. I think it will be a good idea if we have the time frame showing on each line as in my picture.(to avoid confusion for people like me) Thanks
It is a good idea, but I am afraid I am only a newcomer to coding, and have not yet reached that chapter in my book, "MT4 programming for Dummies".....
  • #1,190
  • Aug 21, 2009 7:28am Aug 21, 2009 7:28am
Quoting harar
Hi
Thank you very much for your meter . It is magnificent. I think it will be a good idea if we have the time frame showing on each line as in my picture.(to avoid confusion for people like me) Thanks
Hello Harar,

I have them the otherway around.................

Caz
  • #1,191
  • Aug 21, 2009 7:30am Aug 21, 2009 7:30am
Quoting Gleneagles
I will leave the Scalper Signal arrows on my charts..maybe with a small MA setting so I can get a true Trix alert. I find it useful to have an alert if trading a few pairs at the same time.
Thank you! What you said is that we do not need Scalper Signals for anything else than alerts. And MA is basically out of game.

May I give you a hint that if you set the MA period to 1 then MA is eliminated Pure math
  • #1,192
  • Aug 21, 2009 7:33am Aug 21, 2009 7:33am
Quoting Indrek
Thank you! What you said is that we do not need Scalper Signals for anything else than alerts. And MA is basically out of game.

May I give you a hint that if you set the MA period to 1 then MA is eliminated Pure math
Thank you, you saved me from doing 6 hours of backtesting
" Never let the past hold the future to ransom "
  • #1,193
  • Aug 21, 2009 7:33am Aug 21, 2009 7:33am
Quoting Gleneagles
Thank you, you saved me from doing 6 hours of backtesting
And 6000 demo trades
  • #1,194
  • Aug 21, 2009 7:35am Aug 21, 2009 7:35am
Quoting Indrek
And 6000 demo trades
LOL right
" Never let the past hold the future to ransom "
  • #1,195
  • Aug 21, 2009 7:43am Aug 21, 2009 7:43am
Quoting Gleneagles
LOL right
I changed the MA period from 12 to 1 and the result was exactly what I was expecting - nothing changed, practically the same arrows at same places.
It reminds me that some time ago in another thread and context I already raised the question why should anybody use MA for confirming Trix and vice versa. I am not a mathematician or rocket scientist but still understand that if Trix also belongs to MA family then it is not very logical. Like a policeman investigating a murder committed by himself...
  • #1,196
  • Aug 21, 2009 7:45am Aug 21, 2009 7:45am
Some traders were looking for Pivot Indicator.

Here is the one I use.
Attached File(s)
File Type: mq4 ###Auto Pivot.mq4   15 KB | 630 downloads
File Type: ex4 ###Auto Pivot.ex4   15 KB | 527 downloads
" Never let the past hold the future to ransom "
  • #1,197
  • Aug 21, 2009 8:01am Aug 21, 2009 8:01am
Quoting Gleneagles
Some traders were looking for Pivot Indicator.

Here is the one I use.
I am looking for a way to get rid of DX Info panel as there is only one component in it that I use - two values of ATR.
Would be grateful if somebody coded a dashboard with just market price and two ATRs.
The problem is that I absolutely do not want ATR lines to my chart. But those indicators that show only the ATR number can be used only one at a time...
  • #1,198
  • Aug 21, 2009 8:09am Aug 21, 2009 8:09am
I am going to post a few charts just to stimulate the thought processes over the weekend about MTF trading from another perspective.

Below is a GBPUSD daily chart with the Trix arrows showing the daily trend.

I have highlighted the period ( blue rectangle) on the chart.

You will notice that we had 3 " daily trends " as identified by the signal arrows.

I will post a 240M chart next.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Aug. 21 15.01.gif Size: 12 KB
" Never let the past hold the future to ransom "
  • #1,199
  • Aug 21, 2009 8:12am Aug 21, 2009 8:12am
240M chart of the same period with about 11 trends on 240M over the same period.

60M chart to follow
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_02 Aug. 21 15.09.gif Size: 14 KB
" Never let the past hold the future to ransom "
  • #1,200
  • Aug 21, 2009 8:14am Aug 21, 2009 8:14am
60M chart with a LOT of 60M trends.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_03 Aug. 21 15.13.gif Size: 25 KB
" Never let the past hold the future to ransom "
0 traders viewing now