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MTF Trix system

  • #1,241
  • Aug 21, 2009 11:57am Aug 21, 2009 11:57am
LOLOLOL

I've been officially banned from the C4 thread!

I guess Edge couldn't take the chance that the truth about his Nitro system might come out!

Doc
  • #1,242
  • Aug 21, 2009 12:34pm Aug 21, 2009 12:34pm
I have not had a trading PC all week. Picked it up this evening with all progams to be installed again.... big job for me. I lost eveything.

I have read all posts from this thread.... GREAT PROGRESS and so many huge gifts from so many generous traders.... Thank you all..

For gleneagles:

I will be setting up a few chart profile with the four pairs you recommend to start off.... along with the SL and TP and TS you will be confirming before MONDAY.

If I could suggest to please add a screen of the management EA settings to achieve these SL AND TP and trailing stop values too. I briefly had a look in the inputs of this EA.... There are many variables. I think many here would appreciate to take the guess work out and follow your settings to start the week in UNISON.

Hope you will consider this suggestion.

Have a great weekend.... Hope to be able to upload some trades this coming week on the forum.
  • #1,243
  • Aug 21, 2009 12:38pm Aug 21, 2009 12:38pm
Quoting Pardy
Hi Lrathi,

In the meantime, I've set up my charts for the correlated pairs, and reduced the chart window so only the mtf indi shows, underneath the full chart for the pair I normally trade.

One glance tells me of currency strength, mtf position, atr/adr, pivots and divergence.

Wow.....

regards

Pardy
Hi Pardy,

I am planning to do the same...

Could you take a screen shot of your finished set up of charts and post the image here.

Thanks,
Lrathi
  • #1,244
  • Aug 21, 2009 12:51pm Aug 21, 2009 12:51pm
Quoting Indrek
Thanks, I already set MA period to 1 in ScalperSignals And Glen probably did the same.

Set mine at period 6, for some reason at period 1 it skips a few signals.
" Never let the past hold the future to ransom "
  • #1,245
  • Aug 21, 2009 12:52pm Aug 21, 2009 12:52pm
Quoting lrathi
I have not had a trading PC all week. Picked it up this evening with all progams to be installed again.... big job for me. I lost eveything.

I have read all posts from this thread.... GREAT PROGRESS and so many huge gifts from so many generous traders.... Thank you all..

For gleneagles:

I will be setting up a few chart profile with the four pairs you recommend to start off.... along with the SL and TP and TS you will be confirming before MONDAY.

If I could suggest to please add a screen of the management EA...
OK
" Never let the past hold the future to ransom "
  • #1,246
  • Aug 21, 2009 12:56pm Aug 21, 2009 12:56pm
Quoting Gleneagles
Set mine at period 6, for some reason at period 1 it skips a few signals.
I noticed it too, by the way... Must be some technical problem inside the indicator as MA1 should be the same as MAnone. Why 6 not 2, 3 or 4? Probably did some research on it?
My choice, after some visual backtesting would be 4 at the moment.
  • #1,247
  • Aug 21, 2009 1:00pm Aug 21, 2009 1:00pm
Quoting Indrek
I noticed it too, by the way... Must be some technical problem inside the indicator as MA1 should be the same as MAnone. Why 6 not 2, 3 or 4? Probably did some research on it?
I actually have no idea why 6 , there must be a logical explanation. I just fiddled around with it and noticed that 6 seems to work...only a few backtests this time..it is Friday
" Never let the past hold the future to ransom "
  • #1,248
  • Aug 21, 2009 1:09pm Aug 21, 2009 1:09pm
Quoting Gleneagles
I actually have no idea why 6 , there must be a logical explanation. I just fiddled around with it and noticed that 6 seems to work...only a few backtests this time..it is Friday
OK, I will use 4
I am just looking at the new MTF Trix indy. Will take some time to get used to it visually, I am afraid.
Going to add the daily TF to it probably.
  • #1,249
  • Aug 21, 2009 1:14pm Aug 21, 2009 1:14pm
Quoting Indrek
OK, I will use 4
I am just looking at the new MTF Trix indy. Will take some time to get used to it visually, I am afraid.

Sure, you have to understand what it does being a MTF indi.

It is very handy as an early warning tool if you trade a few pairs over a few different TF`s.

I have to get used to it myself but I experimented before with MTF TRix.

This one is better than the one someone coded for me.
" Never let the past hold the future to ransom "
  • #1,250
  • Aug 21, 2009 1:17pm Aug 21, 2009 1:17pm
Quoting Gleneagles
Sure, you have to understand what it does being a MTF indi.

It is very handy as an early warning tool if you trade a few pairs over a few different TF`s.

I have to get used to it myself but I experimented before with MTF TRix.

This one is better than the one someone coded for me.
I do not know if it is possible to code but... probably it would be clearer visually if the last block of a period on any TF was of different colour than others.
If we have a long row of green/red blocks for H4 then it would be very nice to see at a glance how many 4-hour periods we have in this row.
  • #1,251
  • Aug 21, 2009 1:20pm Aug 21, 2009 1:20pm
Quoting Indrek
I do not know if it is possible to code but... probably it would be clearer visually if the confirming block on any TF was of different colour than others.
For M15 and M30 it is quite easy to count 3 or 6 blocks respectively to understand where the signal was confirmed (trend changed) but for H4 it is quite a task...
I just check 4 hour signal every 4 hours.

Once it is confirmed, I mark the 60M chart, that is how I use to do it in the past.
" Never let the past hold the future to ransom "
  • #1,252
  • Aug 21, 2009 1:24pm Aug 21, 2009 1:24pm
Quoting Gleneagles
I just check 4 hour signal every 4 hours.

Once it is confirmed, I mark the 60M chart, that is how I use to do it in the past.
It is easy to do, of course. I am just thinking how to use one only chart without any switching between timeframes. Always trying to rationalize, to invent a bike
  • #1,253
  • Aug 21, 2009 1:33pm Aug 21, 2009 1:33pm
Quoting Indrek
It is easy to do, of course. I am just thinking how to use one only chart without any switching between timeframes. Always trying to rationalize, to invent a bike
Soon you will remove the price from the chart
" Never let the past hold the future to ransom "
  • #1,254
  • Aug 21, 2009 1:39pm Aug 21, 2009 1:39pm
Quoting Gleneagles
Soon you will remove the price from the chart
I will be really dangerous if somebody teaches me to code
  • #1,255
  • Aug 21, 2009 1:43pm Aug 21, 2009 1:43pm
I will not be trading next week because it is my week of.

I think by now that everybody is VERY familiar with the few simple rules.

Just build yourself a simple checklist to make sure you stay within the trading plan, it is really not rocket science. Just need to be able to distinguish between 2 different colors.
" Never let the past hold the future to ransom "
  • #1,256
  • Aug 21, 2009 1:44pm Aug 21, 2009 1:44pm
Quoting Indrek
I will be really dangerous if somebody teaches me to code
Same here
" Never let the past hold the future to ransom "
  • #1,257
  • Aug 21, 2009 1:46pm Aug 21, 2009 1:46pm
Quoting Indrek
I will be really dangerous if somebody teaches me to code

Luckily I have a competent IT genius on board.

I am NOT allowed to touch anything, only change colors on indicators under adult supervision
" Never let the past hold the future to ransom "
  • #1,258
  • Aug 21, 2009 2:17pm Aug 21, 2009 2:17pm
Glen,

I would also like to see a screen shot of your settings for the Quick Trailing EA, please.

Thanks.

Carol
  • #1,259
  • Aug 21, 2009 2:25pm Aug 21, 2009 2:25pm
Quoting Eureka
Glen,

I would also like to see a screen shot of your settings for the Quick Trailing EA, please.

Thanks.

Carol
Carol,

I don`t use that EA but will post settings.
" Never let the past hold the future to ransom "
  • #1,260
  • Aug 21, 2009 2:28pm Aug 21, 2009 2:28pm
Rough guide of checklist.

Build your own checklist for both long and short trades.

If you wish, you can add a column at the bottom to fill in trade details, time etc.
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" Never let the past hold the future to ransom "
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