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MTF Trix system

  • #1,701
  • Edited 10:16am Aug 29, 2009 10:02am | Edited 10:16am
Quoting Royston
Hi Indrek,
I am guessing that by setting the ma to 1,1,1 you mean
Period_Avg = 1
ma_method =1
applied_price = 1
If this is the case, this is equivalent to using a 1 period ema of the Open price as your filter.
Checking on the 60 min EURUSD chart, these settings do not notify you of the signal at
10: 00 on 28th August
10:00 on 25th August
16:00 on 17th August
Not many signals are missed, though. As they say here, it is good enough for rock'n'roll.
I tried to set Swingman's original indy to use MA with close price but the 0-values just made the arrows disappear. I will use your modification now
I need the arrows only on M5 chart where I use Trix 2,1,1,1. Thanks to MTF Trix, I do not look at higher TF charts much. Only sometimes to visually estimate the presence of trend but not for getting trading signals. They are confirmed by MTF Trix
I trade the system "from left to right" Signals come to me from M5 and then I check what is the situation with higher TFs. Not vice versa.
  • #1,702
  • Aug 29, 2009 1:10pm Aug 29, 2009 1:10pm
Thanks for the reply Royston. I guess I was aware that the version I posted was the modified one of yours, however I thought it was just visually enhanced with the boxes, no real coding had been done different than your original. Since you were the actual coder of this, is why my request was directed at you. I understand that if you have no use for it, there's no reason for you to make the change

Xecret: a little confused what the square with the dot shows? Is it blue with a dot means that 5min bar closed with a blue status on that higher timeframe? Sounds from your description that this might be what I was asking for, but I think I am confused because you said you had no desire to add it
  • #1,703
  • Aug 29, 2009 2:56pm Aug 29, 2009 2:56pm
studying daily charts, I see that EG had a nice run in the month of august and is loosing steam now.

4 Hour chart is showing some red and momentum is almost 0.

entring a short trade @ : .8790
SL: .8855
TP: .8600 will trail 80 pips after .8690
Attached Image (click to enlarge)
Click to Enlarge Name: eg-sep.gif Size: 26 KB
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  • #1,704
  • Edited 4:38pm Aug 29, 2009 4:31pm | Edited 4:38pm
Quoting xecret
The one on my chart is a newer version in which I added something. Hollow square means the upper tf candle is in progress and not closed yet. Semi-solid square (with a dot in the middle) mean the upper tf candle is closed at that position. Solid square is the comfirmed signal of the upper tf. Of course, the comfirmed signal can only come at a position that the upper tf candle is closed. The time on the right is the remaining time of the corresponding upper tf candle to close. You may have problem on the lables on the right side, do like this:
a....
Xecret,
Which upper TF's are used?
On the 5M I notice 16 then 12 the 4 then 16 dotted squares between the solid ones. This does not match any standard TFs.
In your picture you show a Solid Blue on the 15M when both the 30M and the 1H both last closed Red. Should it not be a Blue Dot instead of a Solid Blue?

I am confused (as is quite usual).

Ian
  • #1,705
  • Aug 29, 2009 4:36pm Aug 29, 2009 4:36pm
Quoting Indrek
Small hint: Short EG usually means that GU and EU are also heading south
there is a subtle difference between the two, if the corelation was 100%, then EG will be 1.00 all the time.
WANT WHAT THE MARKET WANTS...
  • #1,706
  • Aug 29, 2009 4:59pm Aug 29, 2009 4:59pm
Quoting tazmaan
Thanks for the reply Royston. I guess I was aware that the version I posted was the modified one of yours, however I thought it was just visually enhanced with the boxes, no real coding had been done different than your original. Since you were the actual coder of this, is why my request was directed at you. I understand that if you have no use for it, there's no reason for you to make the change

Xecret: a little confused what the square with the dot shows? Is it blue with a dot means that 5min bar closed with a blue status on that higher timeframe?...
Royston's indy was posted in ex4 form, so I don't have his code. The indy you are using was completely coded by myself. It's not a modified version, but recoded from the beginning.
In the newer version I attached in post #1698, a square with a dot (let's call it semi-solid square) means that the upper timeframe candle was closed at that time. For example in the pic of post #1698, it is on a M5 chart showing you the stituation of M5 and other upper TF's. Let's look at the second row, which shows the M30 situation on M5 chart. You can see in every 6 squares, there's a semi-solid one, indicatiing at what position the M30 candle is closed. The six squares (between two semi-solid squares) are of the same color. As I understood, your request is to record the color while the upper tf candle is progressing thus you may see different colors between the semi-solid squares.
This newer version helps to see the comfirmed signal clearly, but the calculation method is not modified.
  • #1,707
  • Aug 29, 2009 5:12pm Aug 29, 2009 5:12pm
Quoting Indrek
Small hint: Short EG usually means that GU and EU are also heading south

Not exactly Indrek, the pound usually outpaces the euro whether bullish or bearish. When the Pound and Euro are bullish against the dollar due to increased risk appetite EG will move south. When the two currencies are falling against the dollar due to risk averse news in most cases EG moves up. However, the current move is based on fall out of the increased Quantitative Easing programme by BOE. This are fundamental based moves. Why you have the excessive chop on EU and GU is that market movers are concentrating on EG because fundamental perception is that the Euopean Union countries will recover before the UK.
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  • #1,708
  • Edited 5:21pm Aug 29, 2009 5:20pm | Edited 5:21pm
Quoting lrathi
These charts are for educational illustrative purposes of how to interpret the MTF trix indicator and the two strategies discussed to date by Gleneagles.

There was some confusion in some members minds to what it all means in terms of entry and re-entry. My intention was to illustrate this and clear any gaps.

If you have read any of my trading posts anywhere here at FF or elsewhere.... there are three tools in trading which are no exception for entry and EXIT.
1. Use of S&R (00 numbers comes in here.)
2. Higher TF participation
3. Divergence...
Irathi,

A personal thank you from me for taking the time to so eloquently (and patiently) show the nuts and bolts of MTF Trix trading. Thank you for making it so clear.

Wishing you and yours a prosperous week...

R
How do you make a small fortune in Forex? Start with a large one!
  • #1,709
  • Aug 29, 2009 5:25pm Aug 29, 2009 5:25pm
Quoting walb99
Your indicators on 4h are still green.
EURGBP is in very strong uptrend on the daily.

best regards and good luck
You are correct about strong uptrend on the daily, but I am thinking that the pair is loosing momentum, 4H is getting red, friday was a down day.

My stop loss is 65 pips, if I am correct, TP is 130 short term (R/R 2 to 1) and I can see it go all the way down to 8550(monthly pivot)).

EG is slow moving pair and low ADR, but pip value is 1.5 USD.

I am trying to get ready for the big leagues, trying to swing for the fences, if I am correct this is one step closer, otherwise back to drawing boards with an egg on my face.

Indrek, please forgive me if I am totally offbase. I am just doing some homework, trying to add some excitement to the weekend.



BTW: interesting chart on CHF but how to interpert that.
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  • #1,710
  • Aug 29, 2009 5:26pm Aug 29, 2009 5:26pm
Quoting ianf0ster
Xecret,
Which upper TF's are used?
On the 5M I notice 16 then 12 the 4 then 16 dotted squares between the solid ones. This does not match any standard TFs.
In your picture you show a Solid Blue on the 15M when both the 30M and the 1H both last closed Red. Should it not be a Blue Dot instead of a Solid Blue?

I am confused (as is quite usual).

Ian
The "upper tf" I mentioned is the "TimeFrame" parameter you input as you drag the indy to your chart. The first row of the pic in post 1698 is M5 on M5, the upper TF is M5 itself, so every square is a closed square.
Let me say it again, in this version you can see the signal easily. When I say "signal", it means the "signal", by which you will have an arrow in the smSignal indy. M15 is shorter than M30 and H1, it is possible you have M15 signal when M30 and H1 did not change direction yet.
Let me clarify it again:
Hollow square: upper tf candle in progress
Semi-solid square: upper tf candle closed
Solid square: upper tf comfirmed signal
  • #1,711
  • Aug 29, 2009 5:30pm Aug 29, 2009 5:30pm
Thanks xecret.
I think I am understanding a little more, and sorry for the misunderstanding of mine thinking you just beautified royston's version, my mistake.
I guess a further clarifying question would be.
What is the difference between a solid square, and a semi solid square on the higher timeframes? For example, I notice on your m30 line, there are no completely solid squares. I think that's what is throwing me off, thinking a semi solid square shows something different than a full solid square.
I will try not to clutter this thread anymore with this request/issue. It appears I am the only one that wants to see actual status of trix on higher timeframes for backchecking use, so I am sure it's getting annoying for other readers.
I was provided another version of the mtf trix that locks in their status on every bar, so worst case I will just use that one for my needs. I only requested yours to be tweaked because I really like what you did with it visually.
Thanks for the time you've taken on this til now.

Quoting xecret
Royston's indy was posted in ex4 form, so I don't have his code. The indy you are using was completely coded by myself. It's not a modified version, but recoded from the beginning.
In the newer version I attached in post #1698, a square with a dot (let's call it semi-solid square) means that the upper timeframe candle was closed at that time. For example in the pic of post #1698, it is on a M5 chart showing you the stituation of M5 and other upper TF's. Let's look at the second row, which shows the M30 situation on M5 chart. You can see in every...
  • #1,712
  • Edited 5:51pm Aug 29, 2009 5:45pm | Edited 5:51pm
Quoting countex
You are correct about strong uptrend on the daily, but I am thinking that the pair is loosing momentum, 4H is getting red, friday was a down day.

My stop loss is 65 pips, if I am correct, TP is 130 short term (R/R 2 to 1) and I can see it go all the way down to 8550(monthly pivot)).

EG is slow moving pair and low ADR, but pip value is 1.5 USD.

I am trying to get ready for the big leagues, trying to swing for the fences, if I am correct this is one step closer, otherwise back to drawing boards with an egg on my face.

Indrek, please forgive me...
Countex, your views on EG are correct, now take a look at the last 3 hours on the hourly chart on Friday during the sell off. Between the Euro and Pound which was sold off more. That is a pointer to the next direction of the market. Now what to do is to wait for confirmation on trix indicator to give a sell signal on the 4/1 hr charts. I personally want to see a double top situation occuring and a break of the neckline to confirm my short bias ( chart pattern) with trix short signal 4hr. That is what i call multi dimensional trade of two variables. However we need to be careful next week and watch the calendar cos there are rate decisions from Europe and Australia. Employment data will come from Europe, Canada and the infamous Non-Farm Payrolls
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  • #1,713
  • Aug 29, 2009 5:47pm Aug 29, 2009 5:47pm
Quoting tazmaan
Thanks xecret.
I think I am understanding a little more, and sorry for the misunderstanding of mine thinking you just beautified royston's version, my mistake.
I guess a further clarifying question would be.
What is the difference between a solid square, and a semi solid square on the higher timeframes? For example, I notice on your m30 line, there are no completely solid squares. I think that's what is throwing me off, thinking a semi solid square shows something different than a full solid square.
I will try not to clutter this thread anymore...
You put it on your chart and watch, then I think you may understand it, because it is simple. The solid square is the COMFIRMED SIGNAL. The first semi-solid square is replaced by the solid, because it is the SIGNAL. In the previous version, you have to look for the signal by yourself. And in this new version, you see the signal just by one sight easily.
  • #1,714
  • Aug 29, 2009 6:05pm Aug 29, 2009 6:05pm
Quoting xecret
The "upper tf" I mentioned is the "TimeFrame" parameter you input as you drag the indy to your chart. The first row of the pic in post 1698 is M5 on M5, the upper TF is M5 itself, so every square is a closed square.
Let me say it again, in this version you can see the signal easily. When I say "signal", it means the "signal", by which you will have an arrow in the smSignal indy. M15 is shorter than M30 and H1, it is possible you have M15 signal when M30 and H1 did not change direction yet.
Let me clarify it again:
Hollow square: upper tf...
Xecret,
Thank you so much. I stupidly had thought that on each line it was checking a higher Tf than that for the line e.g. on %M line checking the 15M etc.

Now all is clear, since I realise that it is a replacement for smScalperSignals. Though does it use the value of the MA, and if so which MA Period and Apply To price?

Thanks again,
Ian
  • #1,715
  • Aug 29, 2009 6:09pm Aug 29, 2009 6:09pm
Quoting okehiedon
Countex, your views on EG are correct, now take a look at the last 3 hours...
Very interesting perspective Okehiedon. Thanks for adding some light/colors to the picture I was trying to paint.

Note to self:

 

  1. wait for confirmation signals before confirming your theory.
  2. only place order after confirmation of theory.

WANT WHAT THE MARKET WANTS...
  • #1,716
  • Aug 29, 2009 6:20pm Aug 29, 2009 6:20pm
Quoting countex
Very interesting perspective Okehiedon. Thanks for adding some light/colors to the picture I was trying to paint.

Note to self:

 

  1. wait for confirmation signals before confirming your theory.
  2. only place order after confirmation of theory.

You are welcome
LISTEN TO MR FUNDAMENTAL AND MR TECHNICAL
  • #1,717
  • Aug 29, 2009 6:27pm Aug 29, 2009 6:27pm
Quoting ianf0ster
Xecret,
Thank you so much. I stupidly had thought that on each line it was checking a higher Tf than that for the line e.g. on %M line checking the 15M etc.

Now all is clear, since I realise that it is a replacement for smScalperSignals. Though does it use the value of the MA, and if so which MA Period and Apply To price?

Thanks again,
Ian
Though it can indicate the signal like the smScalperSignals, it does not refer to the smScalperSignals. It does not have the MA filter, you may have the signal where the smScalperSignals is missing.
  • #1,718
  • Aug 29, 2009 7:23pm Aug 29, 2009 7:23pm
Quoting xecret
Though it can indicate the signal like the smScalperSignals, it does not refer to the smScalperSignals. It does not have the MA filter, you may have the signal where the smScalperSignals is missing.
Thanks Xecret, brilliant work on the mtf trix indicator.
Attached Image (click to enlarge)
Click to Enlarge Name: mtftrx-sep.gif Size: 34 KB
WANT WHAT THE MARKET WANTS...
  • #1,719
  • Aug 29, 2009 8:05pm Aug 29, 2009 8:05pm
Quoting countex
Thanks Xecret, brilliant work on the mtf trix indicator.
Glad to see you like it.
  • #1,720
  • Edited Aug 30, 2009 1:20am Aug 29, 2009 11:39pm | Edited Aug 30, 2009 1:20am
Please re-read posts #1686 and 1689.

PM's of requests made for indicators and template are not necessary. Please consider them waste of time for both you and myself.

Thank you.
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