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MTF Trix system

  • #1,721
  • Edited 1:23am Aug 30, 2009 12:46am | Edited 1:23am
Quoting countex

Indrek, please forgive me if I am totally offbase. I am just doing some homework, trying to add some excitement to the weekend.
No problems, I would also like to add excitement to the weekend: http://www.forexfactory.com/showpost...postcount=8213
  • #1,722
  • Edited 2:26am Aug 30, 2009 12:52am | Edited 2:26am
Quoting countex
Thanks Xecret, brilliant work on the mtf trix indicator.
Nice Christmas tree I still prefer more empty space on my chart and even found out that the latest version of MTF Trix is visually too complicated for me. It is so easy to see everything that is needed only using the previous version and Scalper Signal arrows.
Matter of taste, of course

BTW: I noticed that you use TRO's price action dashboard. I found another one that is doing the same job but takes less chart space. I attach it here. I also put it to my chart for seeing how it works.
Attached Image (click to enlarge)
Click to Enlarge Name: pa indy.gif Size: 48 KB
Attached File(s)
File Type: ex4 KG PRICE ACTION DETECTOR.ex4   23 KB | 535 downloads
  • #1,723
  • Aug 30, 2009 2:01am Aug 30, 2009 2:01am
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

Thank you for this version..... JUST WONDERFUL is an under statement!

Only problem I still have is the text on the right hand side of each line.

The first TF I set text to prints Ok... The Subsequent TF comes balnk on the right side BUT NOT on the top left side of indicator window.


I tried changing TF from the top menu and down again.... No change.

Maybe when Market opens to morrow.

I have attached a chart to show you what I am seeing on my chart.

Any suggestions will be helpful

Many thanks for this version.

Only left is some kind of signal indicator/EA format(signal only) to compensate for the limitations of buffers when coding for when up to 3or 4(three or four) TF are in synch. WOW! WOW! WOW!... this would help the 30-5 strategy and the 60-15-5 strategy and the 240-60-15-5 strategy to signal. Alerts pop up windows and email alerts at the CLOSE of candles.

Appreciate the coders as I am no programmer.

Many thanks again.
Attached Image (click to enlarge)
Click to Enlarge Name: mtf_trix_v0.1.gif Size: 27 KB
  • #1,724
  • Aug 30, 2009 5:20am Aug 30, 2009 5:20am
Quoting lrathi
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...
I think the problem is because of your input of parameter "Name". In your chart you have 4 windows, which are (from top to bottom) "Main chart", "Indicator window 1", "Indicator window 2" and "Indicator window 3". The "MTF_Trix_Meter_0.1" indicators are in "Indicator window 2" and "Indicator window 3". In "Indicator window 2" , you have 2 of them, which you have input the "Name" parameter as "M5" and "M30" respectively; in "Indicator window 3" , you have 4 of them, which you have input the "Name" parameter as "M60", "M15", "H4" and "M5" respectively. Now do like the below:
a. In "Indicator window 2", you modify the "Name" from "M5" and "M30" to " " (three spaces).
b. In "Indicator window 3", you modify the "Name" from "M60", "M15", "H4" and "M5" to " " (four spaces).
c. See what happens and post what you get.
  • #1,725
  • Aug 30, 2009 5:36am Aug 30, 2009 5:36am
Quoting xecret
c. See what happens and post what you get.
Hi, I would suggest to use PM or e-mail for personal very specific technical consultations as these are very difficult to follow for other readers...
Thanks
  • #1,726
  • Aug 30, 2009 5:46am Aug 30, 2009 5:46am
Having followed the thread started by Edge since day 1, it's very distressing to see how people can scam other people. Edge used his verbal skills to portray himself as someone who was a skilled trader. In a thread prior to that, people invested thousands with him that is now gone. He complained about one of those people calling him at night drunk. Thgis tells me that scammers have no heart for the people they use. He's lucky he didn't get his a** kicked. Till the end, he still had defenders, but this is natural and shows how much people want to trust and believe.
The "Edgetraders" of the world will be back, and perhaps even Edge himself under a different disguise. One thing is that we're all just a little bit more wary after that fiasco. This thread was started from that one. No agendas with this one, which is progressing nicely.Lots of helpful people just putting in some time to help others.
Quoting Indrek
No problems, I would also like to add excitement to the weekend: http://www.forexfactory.com/showpost...postcount=8213
  • #1,727
  • Aug 30, 2009 5:51am Aug 30, 2009 5:51am
Quoting Indrek
Hi, I would suggest to use PM or e-mail for personal very specific technical consultations as these are very difficult to follow for other readers...
Thanks
Sorry about it.
But I would also suggest to use PM or e-mail for such kind of reminder, thanks.
  • #1,728
  • Aug 30, 2009 6:00am Aug 30, 2009 6:00am
Quoting xecret
Sorry about it.
But I would also suggest to use PM or e-mail for such kind of reminder, thanks.
It was not meant as a personal reminder but as my request to anyone. That is why I posted it in the thread.
Sorry if it sounded inconveniently...
  • #1,729
  • Aug 30, 2009 6:39am Aug 30, 2009 6:39am
Xecret, two things. On your new indicator, when I drag a second indicator into the same window, it's placed on top of the first one, instead of under it. Also, no time frame is shown, such as 5 min, 30 min.
When I change the time frame on the chart, the boxes change. For instance, on a 5 minute chart on GBP, the box is a red hollow square for the 5 minute time frame. If I switch the time to hourly, the box on the 5 minute changes to solid blue.
Shouldn't the indicator box for the 5 minute TF show the same no matter what time frame I switch the chart to?
  • #1,730
  • Aug 30, 2009 6:42am Aug 30, 2009 6:42am
Quoting paradoxical
Xecret, two things. On your new indicator, when I drag a second indicator into the same window, it's placed on top of the first one, instead of under it. Also, no time frame is shown, such as 5 min, 30 min.
When I change the time frame on the chart, the boxes change. For instance, on a 5 minute chart on GBP, the box is a red hollow square for the 5 minute time frame. If I switch the time to hourly, the box on the 5 minute changes to solid blue.
Shouldn't the indicator box for the 5 minute TF show the same no matter what time frame I switch the chart...
I am afraid that the indicator is meant for use only on M5 and on other TFs it is even not supposed to show correct data. At least something like this was mentioned earlier.
  • #1,731
  • Aug 30, 2009 7:17am Aug 30, 2009 7:17am
Quoting paradoxical
The "Edgetraders" of the world will be back, and perhaps even Edge himself under a different disguise.
I have followed Edge's doings with great interest through three threads and I may say that it could be a perfect textbook case for some training course dedicated to fraud exposure. And according to what I have seen and learned I am quite sure that he will not give it up. He will certainly be back and most probably he already is back. Either through a different nickname or through some people involved in his plans.
Where should we look for him? Nitro threads possibly, at first. Look for somebody who has similar command of language and similar style, who uses similar words (practice, practice, practice or anything else that is familiar), who sounds like a high pro but has become the member of FF around the days when Edge lost his membership.
Just my thoughts, not facts. Still, wanted to put them into words.
  • #1,732
  • Aug 30, 2009 7:19am Aug 30, 2009 7:19am
Quoting paradoxical
Xecret, two things. On your new indicator, when I drag a second indicator into the same window, it's placed on top of the first one, instead of under it. Also, no time frame is shown, such as 5 min, 30 min.
When I change the time frame on the chart, the boxes change. For instance, on a 5 minute chart on GBP, the box is a red hollow square for the 5 minute time frame. If I switch the time to hourly, the box on the 5 minute changes to solid blue.
Shouldn't the indicator box for the 5 minute TF show the same no matter what time frame I switch the chart...
1. Please see this post http://www.forexfactory.com/showpost...postcount=1303
2. It is normal. From a small tf you look at big tf, in small tf candle's time span you see one big tf candle. But if you look at small tf from a big tf, you see many small tf candles in the big tf candle's time span. The indicator can only show you one candle, which is the last one. From different big tf's, you see different small tf last candles. So it's normal you see M5 changing in M15 or M30 or whichever larger than M5.
  • #1,733
  • Aug 30, 2009 7:50am Aug 30, 2009 7:50am
Between work related travel and then moving, I haven't been able to follow the posts for about a month. Finally got back and couldn't believe what I read about TG and then Edge. Still wondering if I stepped into the twilight zone.

Anyway, back to focusing on trading. Thank you, Indrek, Glen, Xecret et al for this terrific thread (and for the lack of drama here). I have been back-testing this all weekend and cannot wait to try it out this week.

I do have a question: I want to experiment with either updatestops ea or the Quik_Trading one. Is there a post or thread that explains these in more detail?
  • #1,734
  • Aug 30, 2009 10:10am Aug 30, 2009 10:10am
Quoting Indrek
No problems, I would also like to add excitement to the weekend: http://www.forexfactory.com/showpost...postcount=8213
finally the scam is over. It is a known fact, edgetrader is a loooooooser. The guy had so many opportunities and he blew them away. In fact, even if ha had been nice to those people who he stole from, they would have forgave him, but he insisted on appearing as superior to them and that he was in full control.

Lessons learned:
Gather all the information that you can before entering a trade. More is better.
Try to make your system as mechanical as possible, at least 80%
As edge/Keith never made any money in forex. Do opposite of him.
Focus on Higher Timeframes.
Let your winners run, Cut your losses fast.


This is my last post on the topic, it is nice to bring it to closure and start focusing on true potential of forex.
WANT WHAT THE MARKET WANTS...
  • #1,735
  • Edited 2:07pm Aug 30, 2009 10:17am | Edited 2:07pm
Quoting countex
finally the scam is over. It is a known fact, edgetrader is a loooooooser. The guy had so many opportunities and he blew them away. In fact, even if ha had been nice to those people who he stole from, they would have forgave him, but he insisted on appearing as superior to them and that he was in full control.

Lessons learned:
Gather all the information that you can before entering a trade. More is better.
Try to make your system as mechanical as possible, at least 80%
As edge/Keith never made any money in forex. Do opposite of him.
Focus...
Unfortunately, it is not over as I wrote in my earlier post. And Edgetrader cannot considered to be a looser yet as he is still very much active. Remember that it is not about his attitude towards people as a professional cannot afford emotions. You can name him a looser after he is finally failed with all his intentions. Not yet.
But, of course, this thread here is for trading, so we focus on MTF Trix. Still, sometimes we have to say a word about other important topics, too. And Edge's case is such a topic for sure as it directly influences the well-being of all of us.
  • #1,736
  • Aug 30, 2009 11:35am Aug 30, 2009 11:35am
Quoting Indrek
Unfortunately, it is not over as I wrote in my earlier post. And Edgetrader cannot considered to be a loser yet as he is still very much active. Remember that it is not about his attitude towards people as a professional cannot afford emotions. You can name him a loser after he is finally failed with all his intentions. Not yet.
But, of course, this thread here is for trading, so we focus on MTF Trix. Still, sometimes we have to say a word about other important topics, too. And Edge's case is such a topic for sure as it directly influences the well-being...
Yeah, I suspect he's still around!!
Bank Holiday in UK tomorrow, so volume may be a bit thin.
Pardy
  • #1,737
  • Aug 30, 2009 12:50pm Aug 30, 2009 12:50pm
Quoting Indrek
Unfortunately, it is not over as I wrote in my earlier post. And Edgetrader cannot considered to be a loser yet as he is still very much active. Remember that it is not about his attitude towards people as a professional cannot afford emotions. You can name him a loser after he is finally failed with all his intentions. Not yet.
But, of course, this thread here is for trading, so we focus on MTF Trix. Still, sometimes we have to say a word about other important topics, too. And Edge's case is such a topic for sure as it directly influences the well-being...
Maybe of interest to check out "asdf"
  • #1,738
  • Aug 30, 2009 1:37pm Aug 30, 2009 1:37pm
Quoting swl46
Maybe of interest to check out "asdf"
No comments on that one. Time to prepare for a new trading week
  • #1,739
  • Aug 30, 2009 5:44pm Aug 30, 2009 5:44pm
Hi Indrek

I hope you allow me to show my actual chart on Renko, I have results so so, about 60% but the R/R needs to be fixed.

I'm almost sure that it can be profitable over long term.

It's not a scalper and I didn't have chance to try it over long term yet but doesn't look bad at the moment.

Have a great trading week all.
Attached Image (click to enlarge)
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  • #1,740
  • Aug 30, 2009 6:03pm Aug 30, 2009 6:03pm
Quoting Indrek
I am afraid that the indicator is meant for use only on M5 and on other TFs it is even not supposed to show correct data. At least something like this was mentioned earlier.
I think this is a misconception that the indicator can only be used on M5.

I will post an image soon of a comparision of the two versions and the benefits for the visual traders. this is a real improvement tool when understood correctly.

thanks
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