MTF Trix system | Page 74 | 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

  • #1,461
  • Aug 26, 2009 2:25am Aug 26, 2009 2:25am
I sincerely hope that somebody from C4 thread will just get the idea to open a new thread to continue the huge work that has been done with developing the C4/Nitro system. As in principle the participants of the thread themselves (and not any "guru") developed the system to the point where it is now, they can go forward as a normal group of traders instead of being a religious cult.
I wish them luck!
  • #1,462
  • Aug 26, 2009 2:28am Aug 26, 2009 2:28am
Quoting Indrek
I As in principle the participants of the thread themselves (and not any "guru") developed the system to the point where it is now, they can go forward as a normal group of traders instead of being a religious cult.
I wish them luck!
Very good point
  • #1,463
  • Aug 26, 2009 2:29am Aug 26, 2009 2:29am
Quoting Indrek
http://www.forexfactory.com/showpost...postcount=7930

Truth and truth only prevails.

I did warn there were others on this and the C4 thread at that time when Codebreaker/TG was discovered.

Are there more? No reason why not? Indrek has used his professional experience to educated us in his previous post as to how these dishonest people plan and work... in teams ....each with a a different role to play...

Codebreaker/TG/SimonShepard....associated with Managed funds

Expatxxx/Edgetrader/Keith Brown..... associated with Managed funds

Co-incidence or planned agenda? Anyone else notice the hidden agenda attitude?

Expatxxx/Keith Brown introduced a MT4 back tested strategy report posted early in that thread showing big profits....

Edgetrader/Keith Brown introduced a TS back tested strategy report posted early in the C4 thread showing 100% profit for 2 months with an EA doing the trades 24/7 on one currency pair.

Any similarities? What emotions are being played on the reader?

Have the good intentions of some FF community members who believe in honesty and truth done a huge favor by alerting such activities to the others? It seems these FF community members are ridiculed for their high standards towards the community.

AMEN again!

NAMASTE
  • #1,464
  • Aug 26, 2009 2:30am Aug 26, 2009 2:30am
Also forgot to mention that day direction takes away any thoughts, doubts and focus better on the system performance.My opinion is that is number 1 step in every good day trading system.

Regards
John
  • #1,465
  • Aug 26, 2009 2:40am Aug 26, 2009 2:40am
I believe both TG and edgetrader were in this together. If you go back now to the previous EurGbp thread. You will notice earlier on in the thread how they praised each other, attempting to recommend each other as the guru in the eyes of the naive. There was a planned agenda behind this.
  • #1,466
  • Aug 26, 2009 2:43am Aug 26, 2009 2:43am
Ok people, to avoid turning this thread to a website of some detective company I hereby post my little trade from this morning. Final TP was set to +45 pips but ended as usual
Attached Image (click to enlarge)
Click to Enlarge Name: 2608 1.gif Size: 44 KB
  • #1,467
  • Aug 26, 2009 3:00am Aug 26, 2009 3:00am
Hi folks - first off a big thanks to Indrek for starting this thread, & to all those who have made contributions, with special mention to GlenEagle. I've read right thru - some areas several times - and am now taking the plunge. I'm pretty sure I have the entry strategy ok, and know that different folks have different exit strats, but would like to be sure I understand GE's PT & exit strat.

Assuming we don't just go straight into the stop loss, and are trading cable.

First TP is 25, at which point stop is moved to b/e & a trailing stop of 25 pips put in place - think that is correct. Before that TP is reached I'm assuming that the original stop remains in place without a trailing stop put in place. I appreciate that the other factors can dictate the need to either move the stop or exit the trade, my real question is to confirm that we don't put a trailing stop in place until that first TP is reached.

BTW - first trade in place for me is a Eur/$ long at 1.4318.

Final note - guys, I really hope I dont put the kiss of death onto this strat, as over the past 6 weeks or so everything I've touched has gone belly up!!

Cheers Ziggy
  • #1,468
  • Aug 26, 2009 5:21am Aug 26, 2009 5:21am
Quoting ziggy

BTW - first trade in place for me is a Eur/$ long at 1.4318.

Final note - guys, I really hope I dont put the kiss of death onto this strat, as over the past 6 weeks or so everything I've touched has gone belly up!!
You know, I have a suggestion for you if you are such a death angel You always tell us what trade did you take and rest of us then enter to the opposite direction.
I wonder if it would work already today with that long EU of yours...

But seriously speaking - welcome and let us survive together!
  • #1,469
  • Aug 26, 2009 5:26am Aug 26, 2009 5:26am
Hi folks a couple of 30 pip losses. Im not sure if these where poor entries of just too tight SL?

First GU trade I took the safe(?) entry of brake of the recent swing low just after the 30min signal. Looks like my SL was too tight now but pehaps the large 30pip candle drop should have been a warning??

2nd GU lost faith but has now proceeded to drop and just looks like it hit my 30 tp

Again same issue with my EY trade 30pip SL taken but has now gone back in the preffered direction.

comments, suggestions welcome
Attached Image(s) (click to enlarge)
Click to Enlarge Name: mtftrixgbpusd260809.gif Size: 16 KB
Click to Enlarge Name: mtftrixeurjpy260809.gif Size: 14 KB
  • #1,470
  • Aug 26, 2009 5:35am Aug 26, 2009 5:35am
Quoting Indrek
I wonder if it would work already today with that long EU of yours...

But seriously speaking - welcome and let us survive together!
Long was good Indrek +20,+30,+14 (missed the 35 by 1 pip) Was based on the 60/15/5 MTF

Thanks for the welcome
  • #1,471
  • Aug 26, 2009 5:40am Aug 26, 2009 5:40am
HI...

Take a look at what Gleneagles said and think about where you entered....

Quote:
Originally Posted by Trader7 http://cloud.forexfactory.com/images...s/viewpost.gif
It DEFINITELY works. Thank you very much.

Regarding "Don't take entries on big numbers, it is risky......." could you please elaborate on this so that I can avoid this in future.


Big number is the slang for 00.

14100 14200 14300 14400 etc.

http://cloud.forexfactory.com/images/buttons/quote.gif


http://www.forexfactory.com/showpost...&postcount=873




Quoting dwayneyboy
Hi folks a couple of 30 pip losses. Im not sure if these where poor entries of just too tight SL?

First GU trade I took the safe(?) entry of brake of the recent swing low just after the 30min signal. Looks like my SL was too tight now but pehaps the large 30pip candle drop should have been a warning??

2nd GU lost faith but has now proceeded to drop and just looks like it hit my 30 tp

Again same issue with my EY trade 30pip SL taken but has now gone back in the preffered direction.

comments, suggestions welcome
  • #1,472
  • Aug 26, 2009 5:54am Aug 26, 2009 5:54am
Quoting Gleneagles
Big number is the slang for 00.

14100 14200 14300 14400 etc.

Cheers Bruce my first entry was just below the round number on GU but see the second one wasn't, but that one would have worked. Pehaps a candle close below the 00 number would have been safer.

Looking at my EY trade the HTs pointed up so really I should only have been looking for a small scalp of the 30 min

its good learning trades
  • #1,473
  • Aug 26, 2009 6:15am Aug 26, 2009 6:15am
Quoting dwayneyboy
Cheers Bruce my first entry was just below the round number on GU but see the second one wasn't, but that one would have worked. Pehaps a candle close below the 00 number would have been safer.

Looking at my EY trade the HTs pointed up so really I should only have been looking for a small scalp of the 30 min

its good learning trades
It is a bearish day in general. Have to be very careful with long trades.
Stoploss is a very important topic. Glen has given us some hints but it is quite personal how you set it.
  • #1,474
  • Aug 26, 2009 6:25am Aug 26, 2009 6:25am
Quoting Indrek
It is a bearish day in general. Have to be very careful with long trades.
Stoploss is a very important topic. Glen has given us some hints but it is quite personal how you set it.

Always frustrating when the SL is taken out almost to the pip and then it goes all the way back in your favour. More faith required all three trades would now be positive http://www.forexfactory.com/images/icons/icon9.gif
  • #1,475
  • Edited 6:43am Aug 26, 2009 6:32am | Edited 6:43am
Quoting dwayneyboy
Always frustrating when the SL is taken out almost to the pip and then it goes all the way back in your favour. More faith required all three trades would now be positive http://www.forexfactory.com/images/icons/icon9.gif
In situations like these one has a doubt if the br*ker did it intentionally
  • #1,476
  • Aug 26, 2009 6:33am Aug 26, 2009 6:33am
Well, in an effort to try to emulate your success I need to ask you some questions, if I may:

-when you use your set-up of 60/5 (mtf trix), do you wait for the 5min candle to close be4 you enter the trade ? Or do enter as soon as the alert/ arrow appears?

-what is your best advice to avoid false signals for the 5min bars ?

-as 5min bars give too many false signals for my taste, can you recommend a set-up of 30/15. With only the 15 min tf to enter in the direction of 30min tf ?

Thank you for any information.
  • #1,477
  • Aug 26, 2009 6:41am Aug 26, 2009 6:41am
Quoting globalinvest
Well, in an effort to try to emulate your success I need to ask you some questions, if I may:

-when you use your set-up of 60/5 (mtf trix), do you wait for the 5min candle to close be4 you enter the trade ? Or do enter as soon as the alert/ arrow appears?

-what is your best advice to avoid false signals for the 5min bars ?

-as 5min bars give too many false signals for my taste, can you recommend a set-up of 30/15. With only the 15 min tf to enter in the direction of 30min tf ?

Thank you for any information.
Hello.

Here are my quick answers as Glen is not here at the moment (will probably add sth later):
1. Of course, it is the basic rule with every system that a signal is not confirmed until the candle is open.
2. I do not think that there are too many false signals if you use higher TFs properly for confirmation and also have a general idea what is the probable trend for the day.
3. I would say that 30/15 combination cannot work, these TFs are too close to each other.
Please note also that there is no such system as 60/5. What we use is 60/15/5. And I can say that false signals are mostly filtered out by such a double filter.
  • #1,478
  • Aug 26, 2009 7:05am Aug 26, 2009 7:05am
Thank you for the information.
I am sure there are less whipsaws/ false signals when only entering after new alert has been confirmed by the open of next 5 min candle.
Will try that out. Hopefully by then, most of the move is not over... Will have to see.

30/15 too close together - that makes sense. I will test 60/15 as well (omitting the 5min tf completely). As I have seen another user here at FF who uses 240/60 and no other timeframes.

What are your latest settings for the linear weighed ma ? 8, shift 3, applied to close ?
  • #1,479
  • Aug 26, 2009 7:40am Aug 26, 2009 7:40am
http://www.forexfactory.com/showpost...postcount=7986
  • #1,480
  • Aug 26, 2009 7:42am Aug 26, 2009 7:42am
I cant believe that, I just read that to. What is this man on.
0 traders viewing now