MTF Trix system | Page 73 | 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

  • #1,441
  • Aug 25, 2009 3:28pm Aug 25, 2009 3:28pm
Quoting countex
To Sir Glen, or whoever can answer...

How do you know if it is retrace or the trend has changed?

I guess the exact answer might be difficult but any clues will be helpful.

It is almost impossible to forecast. I normally ask my ex-wife because she is NEVER wrong
" Never let the past hold the future to ransom "
  • #1,442
  • Aug 25, 2009 3:30pm Aug 25, 2009 3:30pm
Glen,
I think one important nuance has not been explained too clearly yet. - For how long do you consider a H1 or H4 signal valid for re-entry? I know that it depends much about the market situation but still - how many signals on M5 are usually valid after H1/H4 signal? and is a H1/H4 signal valid only during one period (1 hour or 4 hours respectively) or sometimes even longer?
Thanks.
  • #1,443
  • Edited 3:53pm Aug 25, 2009 3:34pm | Edited 3:53pm
Quoting Gleneagles
It is almost impossible to forecast. I normally ask my ex-wife because she is NEVER wrong
One our businessman and former minister said once: "I wish I was as clever as my wife is behindhand."
  • #1,444
  • Aug 25, 2009 3:56pm Aug 25, 2009 3:56pm
Here in Canada we have an expression "there is no such thing as a dumb question" so I thought I would post this since it seems so obvious in hindsite

I was playing around with some charts and I went to the daily level and found a trix signal at the daily level (in this case GBPUSD short)
I drew a red vertical line for the daily trix signal, then I went to the 4 hour level and drew red vertical lines for ONLY the short trix signals, then I went to the one hour and 30 minute time frames and drew red vertical lines for those trix signals (ignoring the long trix signals)

Then I went to the 5 minute time frame and put on the indicator c4 focus time (to show the safer time periods to trade)

I visually back tested this and if I took ONLY short trades the win rate is very, very high

To me this seems like a very safe way to trade

Of course to many of you I am stating the obvious.....but for some reason....the light just went on a bit more so I thought I would post this.

For people new to this thread.....it is a pretty interesting exercise

I did this over a period of about 5 days in backtest
  • #1,445
  • Aug 25, 2009 4:03pm Aug 25, 2009 4:03pm
Quoting pgpb
Here in Canada we have an expression "there is no such thing as a dumb question" so I thought I would post this since it seems so obvious in hindsite

I was playing around with some charts and I went to the daily level and found a trix signal at the daily level (in this case GBPUSD short)
I drew a red vertical line for the daily trix signal, then I went to the 4 hour level and drew red vertical lines for ONLY the short trix signals, then I went to the one hour and 30 minute time frames and drew red vertical lines...
Can you please post a chart, so we can get a visual...
WANT WHAT THE MARKET WANTS...
  • #1,446
  • Edited 4:24pm Aug 25, 2009 4:07pm | Edited 4:24pm
Quoting pgpb
Here in Canada we have an expression "there is no such thing as a dumb question" so I thought I would post this since it seems so obvious in hindsite

I was playing around with some charts and I went to the daily level and found a trix signal at the daily level (in this case GBPUSD short)
I drew a red vertical line for the daily trix signal, then I went to the 4 hour level and drew red vertical lines for ONLY the short trix signals, then I went to the one hour and 30 minute time frames and drew red vertical lines for...
Good job! Of course, 5 days is a too short period for very big conclusions as market conditions change but at the same time, if to think then during last 5 days we have seen both trending and ranging markets, so - please, post some pictures to motivate all these nice people here even more
  • #1,447
  • Aug 25, 2009 4:17pm Aug 25, 2009 4:17pm
Sorry, I continuously spoil the thread with trades that ignore all possible rules about trading times. At least, nobody is going to ban me from here
If to speak seriously then I think that all periods are tradeable somehow... But I do not suggest to do it unless you have no choice
Quite a long term M30 trade, isn't it
Attached Image (click to enlarge)
Click to Enlarge Name: 2508 4.gif Size: 44 KB
  • #1,448
  • Aug 25, 2009 4:29pm Aug 25, 2009 4:29pm
I think this is saying that if you check the daily trix and it's long, take only long trades and vice versa? I haven't put a trix on a daily chart, but it makes sense.
BUT....are you using the Trix from the previous day? If not, from what hour to what hour are you using the Trix? From 00 to 24:00 (or 5:00 PM Pacific Time)? If so, was your test based on the 24:00 close to determine if GBP/USD was short or long? I assume this is the case, and that any trade(s) made that followed the 24:00 close of the PRIOR day, for the following trading day of 00:00 to 24:00 have a much higher success rate.
Kind of like following the daily trend and not even taking any trades that go against it. Is this what you found?
Quoting pgpb
Here in Canada we have an expression "there is no such thing as a dumb question" so I thought I would post this since it seems so obvious in hindsite

I was playing around with some charts and I went to the daily level and found a trix signal at the daily level (in this case GBPUSD short)
I drew a red vertical line for the daily trix signal, then I went to the 4 hour level and drew red vertical lines for ONLY the short trix signals, then I went to the one hour and 30 minute time frames and drew red vertical lines for...
  • #1,449
  • Aug 25, 2009 4:30pm Aug 25, 2009 4:30pm
Ok, this one I closed manually a minute ago, so nothing left open for the night.
Attached Image (click to enlarge)
Click to Enlarge Name: 2508 5.gif Size: 42 KB
  • #1,450
  • Aug 25, 2009 4:33pm Aug 25, 2009 4:33pm
Quoting countex
To Sir Glen, or whoever can answer...

How do you know if it is retrace or the trend has changed?

I guess the exact answer might be difficult but any clues will be helpful.
well, little more digging on the question and we get into how big is the trend, 5 minute, hourly, daily, weekly, monthly!!!

which got me thinking about fractals, shape that can be split into parts, each of which is a reduced-size copy of the whole...

too complicated for me at least for now.:nerd:

Simplicity...

trends change when they get exhausted (pinbars) at the higher timeframes. The highest TF I analyze is the daily charts.
WANT WHAT THE MARKET WANTS...
  • #1,451
  • Aug 25, 2009 4:37pm Aug 25, 2009 4:37pm
Quoting countex
well, little more digging on the question and we get into how big is the trend, 5 minute, hourly, daily, weekly, monthly!!!

which got me thinking about fractals, shape that can be split into parts, each of which is a reduced-size copy of the whole...

too complicated for me at least for now.:nerd:

Simplicity...

trends change when they get exhausted (pinbars) at the higher timeframes. The highest TF I analyze is the daily charts.
The question (and problem) is not how big is the trend but how we define a day But in general it is absolutely correct that this way of trading is very safe. And everyone can do the same test using his/her own (or his/her br*ker's) day
Let us not think too hard here, I know people who are already very busy with thinking hard

Good night and here is a link referring to hard thinking: http://www.forexfactory.com/showpost...postcount=7930
  • #1,452
  • Aug 25, 2009 4:58pm Aug 25, 2009 4:58pm
Quoting Indrek
Good job! Of course, 5 days is a too short period for very big conclusions as market conditions change but at the same time, if to think then during last 5 days we have seen both trending and ranging markets, so - please, post some pictures to motivate all these nice people here even more
good point indrek...

first picture is recent...

2nd picture is from feb/march
Attached Image(s) (click to enlarge)
Click to Enlarge Name: good example.gif Size: 18 KB
Click to Enlarge Name: bad example.gif Size: 19 KB
WANT WHAT THE MARKET WANTS...
  • #1,453
  • Aug 25, 2009 5:14pm Aug 25, 2009 5:14pm
Quoting Indrek
Sorry, I continuously spoil the thread with trades that ignore all possible rules about trading times. At least, nobody is going to ban me from here
If to speak seriously then I think that all periods are tradeable somehow... But I do not suggest to do it unless you have no choice
Quite a long term M30 trade, isn't it

Hi you lucky man,

perhaps it helps


Attached Image


(It's not me or my sister or mother. BUT: - Where is grandma?)


Cheers
If there are pips you can collect - just do it!
  • #1,454
  • Aug 25, 2009 7:46pm Aug 25, 2009 7:46pm
Short EJ 30 5

Entry 134.65
SL 25 pip
TP#1 25 pip
TP#2 33 pip (on 25 pip Trailing Stop)

Risk 2%
Profit 2.1%

I took this trade late in the NY session. Lasted a long time before it broke. I had my TP #2 set at 134.04 and it got to 134.07. If I had been at my terminal at the time I would have exited manually and probably cashed in another 20 pips, but had to leave to pick up kids. Got caught on trailing stop.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EJ090825a.jpg Size: 81 KB
Click to Enlarge Name: EJ090825b.jpg Size: 79 KB
  • #1,455
  • Aug 25, 2009 8:15pm Aug 25, 2009 8:15pm
Quoting Indrek
Good job! Of course, 5 days is a too short period for very big conclusions as market conditions change but at the same time, if to think then during last 5 days we have seen both trending and ranging markets, so - please, post some pictures to motivate all these nice people here even more
sure, here is a chart with the 4 hour and one hour short signals marked

I choose to mark only the short signals because there was a daily short signal a few dayts ago.

(I have a moving average in there also....just for fun)


assuming one was ONLY looking for short trades, and one was only trading during the active period, and one was entering off the 5 minute chart it looks like one would do fairly well

(I hope these charts come through, I have never posted more than one chart in a post)
Attached Images
  • #1,456
  • Aug 26, 2009 12:24am Aug 26, 2009 12:24am
Quoting studbiol

(It's not me or my sister or mother. BUT: - Where is grandma?)
She probably works for NASA now Top secret!
  • #1,457
  • Aug 26, 2009 12:56am Aug 26, 2009 12:56am
Geeze!

http://www.forexfactory.com/showpost...postcount=7956
  • #1,458
  • Aug 26, 2009 1:00am Aug 26, 2009 1:00am
Quoting pilotui
Geeze!

http://www.forexfactory.com/showpost...postcount=7956
  • #1,459
  • Aug 26, 2009 1:21am Aug 26, 2009 1:21am
Quoting pilotui
Geeze!

http://www.forexfactory.com/showpost...postcount=7956
  • #1,460
  • Aug 26, 2009 2:18am Aug 26, 2009 2:18am
Having a day direction (LONG/SHORT) IS THE FIRST THING I DO STARTING MY DAY, gives a lit more odds in my trading and also filters opposite signals. Taking the best of the best means also more propabilities, and trading is a propability game right?
0 traders viewing now