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MTF Trix system

  • #1,761
  • Aug 31, 2009 7:33am Aug 31, 2009 7:33am
Quoting Indrek
Another tiny trade... Was stupidly greedy and did not set TP2 at the Pivot...
I was watching EJ for a break of the 133 level. Should have set a stop market order because it flew through my entry level too fast to enter manually. I would have made my target 25 pips in about 5 min.

Glad you caught part of it.

Doc
  • #1,762
  • Aug 31, 2009 7:36am Aug 31, 2009 7:36am
Quoting Gleneagles
Doc,

It was just a practice trade in any event to make sure you still remember the entry criteria?
Glen,

Yes, all practice trades at this point.

And I hate to admit I have totally ignored the ATR criteria. I guess I need to pay more attention to that.

Would you mind giving us (me) a little lesson again on how you use that?

Thanks,
Doc
  • #1,763
  • Aug 31, 2009 7:44am Aug 31, 2009 7:44am
ATR 5 and ATR 25 plotted in same indicator window.

ATR 5 cross over ATR 25 indicates increase in trading activity.
Like fast MA cross over slow MA.

I set a horizontal line at 10 pips.

That is normally what I am looking at.

You can see the spike in trading activity, the drop of ...and the increase again.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_03 Aug. 31 14.41.gif Size: 22 KB
" Never let the past hold the future to ransom "
  • #1,764
  • Aug 31, 2009 7:46am Aug 31, 2009 7:46am
Quoting DocPMD
I was watching EJ for a break of the 133 level. Should have set a stop market order because it flew through my entry level too fast to enter manually. I would have made my target 25 pips in about 5 min.

Glad you caught part of it.

Doc
There may be a chance to take 25 pips after S1 will be broken at 133.28?
  • #1,765
  • Aug 31, 2009 8:05am Aug 31, 2009 8:05am
Quoting DocPMD
Short GU 30 5

Entry 1.6193
Stop 1.6210
TP#1 1.6181
TP#2 1.6155

Risk 2%
Loss 1.5%

Wow, got on the wrong side of that spike!
Hey Doc, didn't you get in a little late on that one?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.GIF Size: 63 KB
  • #1,766
  • Aug 31, 2009 8:12am Aug 31, 2009 8:12am
started with a bad trade, didn't honor the daily candle.

saw a good formation, setup 111 point TP, went out, came back with nice profits, scenario from my dream, only thing missing is thats from my demo account.
Attached Image (click to enlarge)
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WANT WHAT THE MARKET WANTS...
  • #1,767
  • Aug 31, 2009 8:43am Aug 31, 2009 8:43am
Quoting angus
Hey Doc, didn't you get in a little late on that one?
I entered as per the rules in the candle on the red arrow. I could have entered on the open of that candle, but I chose to be more conservative and wait for the break below the signal candle (as per one of Glen's suggestions).

If you are saying that the entry at the white arrow would have been better, well in hindsight, yes. But i wasn't trading at that time.

I took the trade at the red arrow because I saw the potential for price to move down to the previous swing low indicated by the yellow arrow.

Hope that clarifies my thinking on the trade.

Doc
Attached Image (click to enlarge)
Click to Enlarge Name: GU090831c.jpg Size: 76 KB
  • #1,768
  • Edited 4:26pm Aug 31, 2009 8:46am | Edited 4:26pm
Hi Indrek,
A few pages back you wanted a version of smScalperSignals with the MA checking turned off.

Personally I would just use one of the Trix meters, but if you prefer arrows, here it is.

EDIT: This one isn't quite corect for Trix only, fixed in a later post

Ian
Attached File(s)
File Type: ex4 smC4Scalper Signals_v1-Indrek.ex4   12 KB | 487 downloads
File Type: mq4 smC4Scalper Signals_v1-Indrek.mq4   16 KB | 544 downloads
  • #1,769
  • Aug 31, 2009 8:53am Aug 31, 2009 8:53am
Quoting ianf0ster
Hi Indrek,
A few pages back you wanted a version of smScalperSignals with the MA checking turned off.

Personally I would just use one of the Trix meters, but if you prefer arrows, here it is.

Ian
Thank you very much
I just want the arrows to be on the main chart not in the Trix window. And I do not know any version of Trix that would draw the arrows there...
  • #1,770
  • Aug 31, 2009 8:56am Aug 31, 2009 8:56am
Quoting DocPMD
I entered as per the rules in the candle on the red arrow....
Yes, that makes sense.
  • #1,771
  • Aug 31, 2009 9:32am Aug 31, 2009 9:32am
60 15 5 long

Waiting for a post and a chart
" Never let the past hold the future to ransom "
  • #1,772
  • Edited 3:07pm Aug 31, 2009 9:34am | Edited 3:07pm
I caught the up move of EURUSD Finally some decent result from me too
After taking the first profit, trailed the stop by 21 pips.
Attached Image (click to enlarge)
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  • #1,773
  • Aug 31, 2009 10:10am Aug 31, 2009 10:10am
60 15 5

Upside break from range formed during first session.
Confirmed by 60M signal.

Resistance at daily high formed by shaved top candles (rectangle) formed during Asian session right on big number..163000
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_05 Aug. 31 17.07.gif Size: 15 KB
" Never let the past hold the future to ransom "
  • #1,774
  • Aug 31, 2009 10:26am Aug 31, 2009 10:26am
Quoting ianf0ster
Hi Indrek,
A few pages back you wanted a version of smScalperSignals with the MA checking turned off.

Personally I would just use one of the Trix meters, but if you prefer arrows, here it is.

Ian
Unfortunately, I have doubts if it is working correctly. Compared to the last one (by Roy, adjusted to use MA1) and noticed that some arrows are missing...
  • #1,775
  • Aug 31, 2009 10:28am Aug 31, 2009 10:28am
Quoting Indrek
I caught the up move of EURUSD Finally some result from me too that is worth speaking about
After taking the first profit, trailed the stop by 21 pips.
very nicely done, minimum exposure.

I just put a short position @ 1.4341, can be a nice break if goes below 4320
WANT WHAT THE MARKET WANTS...
  • #1,776
  • Aug 31, 2009 10:42am Aug 31, 2009 10:42am
sorry, i am new here... may i know what are the indicators to download?

is the system so far so good? thanks
  • #1,777
  • Aug 31, 2009 10:43am Aug 31, 2009 10:43am
Quoting Gleneagles
60 15 5

Upside break from range formed during first session.
Confirmed by 60M signal.

Resistance at daily high formed by shaved top candles (rectangle) formed during Asian session right on big number..163000
so did you buy around 6180 or 6230.

double top at 6300, strong resistance. imho, with low volume today it might not be broken.
WANT WHAT THE MARKET WANTS...
  • #1,778
  • Aug 31, 2009 10:47am Aug 31, 2009 10:47am
Quoting countex
so did you buy around 6180 or 6230.

double top at 6300, strong resistance. imho, with low volume today it might not be broken.
16230 13H55 GMT closed candle above S1
TP3 16295
" Never let the past hold the future to ransom "
  • #1,779
  • Aug 31, 2009 11:01am Aug 31, 2009 11:01am
Quoting Gleneagles
16230 13H55 GMT closed candle above S1
TP3 16295
I see that you have already locked in most of the profit. very nice, step TP this is the area I need to work on.

Would you kindly repeat your mm strategy! We have been waiting for your official guide.
WANT WHAT THE MARKET WANTS...
  • #1,780
  • Aug 31, 2009 11:05am Aug 31, 2009 11:05am
Quoting countex
so did you buy around 6180 or 6230.

double top at 6300, strong resistance. imho, with low volume today it might not be broken.
i was wrong, it zoomed through 6300.
WANT WHAT THE MARKET WANTS...
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