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MTF Trix system

  • #1,801
  • Edited 9:13pm Aug 31, 2009 6:55pm | Edited 9:13pm
Quoting Indrek
Ok, understood It seems to me that he is most often correct
I consider having the experience of Gleneagles on this thread very fortunate.. The only trader to date who has worked with trix for so long as well as his long sucessful forex trading.


If glenneglaes was not correct most of the time... i would wonder why?
  • #1,802
  • Aug 31, 2009 6:57pm Aug 31, 2009 6:57pm
Quoting DocPMD
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
ATr criteria is new to me as a toll in my trading.

I would benefit too with a bit of detail on this ATR stuff to enter a trade.

Thanks
  • #1,803
  • Edited 9:16pm Aug 31, 2009 7:30pm | Edited 9:16pm
Quoting Gleneagles
I have posted it before:

GBPUSD GBPJPY EURJPY 25 35 50
EURUSD AUDJPY AUDUSD 20 30 40

That is how I set up the EA.

I may manually change levels depending on key support/resistance/ pivot levels.

These are profit targets set in the EA.

Be=+2-3

Trailing stop=25 pips are are above pairs or more for the more volitile pairs ( the first three)

Thanks

EDit; Just seen your post where you have mentioned other information on different pairs....

I tend to reply to posts one at a time as I read them .I read them when you all are asleep and dont wait to read to the end of the new posts before I reply. Sorry for the overlap questions.
  • #1,804
  • Aug 31, 2009 9:07pm Aug 31, 2009 9:07pm
Quoting lrathi
ATr criteria is new to me as a toll in my trading.

I would benefit too with a bit of detail on this ATR stuff to enter a trade.

Thanks
He posted his criteria immediately after I asked the question.

Doc
  • #1,805
  • Aug 31, 2009 9:21pm Aug 31, 2009 9:21pm
Quoting DocPMD
He posted his criteria immediately after I asked the question.

Doc

thanks again... I tend not to read all the posts which were posted while I was asleep before replyimg. Sorry for the overlap.

Question to Gleneagles and Indrek: Both have more knowledge on this ATR stuff ..
Q1. Is using the ATR indicator programmed kindly by I think it is either Royston or xecret where the font is really tiny with ADR in the indicator.....This indicator..... If ATR set to 6/36 and use the colour change enough eg green =high volitility to enter the trade.

Q2. Indrek: YOu did try and explain this ATR stuff in previous thread. How is the best way to determine the optimised ATR for each TF used. Still a biy confused on this.

Many thanks to both again.
  • #1,806
  • Aug 31, 2009 9:26pm Aug 31, 2009 9:26pm
Just for my personal educational in trading....

I have read about the Icumoto indicator and have a high respect for it.

never seen the MTF and various components version so neatly represented.

If you are allowed to...could you post this indicator on the thread.. Love to play with it for my own trading education .

Many thanks
  • #1,807
  • Aug 31, 2009 9:36pm Aug 31, 2009 9:36pm
Quoting xecret
My previous two versions have problem in displaying the tf lables if you put multiple of them in more than one indicator windows (but if you use multiple of them in the same window there will be no problem). The version in this post has fixed the problem and some new features are added. if you want to enable the ShowPipsToReversalOnLable function, you need to have TRIX_Signal_Price_Live_Buffer.ex4 in your indicator folder, it is in the package.
Maybe it appears too complicated for some of you. You may switch off the function you dont need in the...
thank you for this version on MTF_TRIX. very clear explanations for each new feature.

We all all very fortunate to have you and Royston sharing your programming talents to create tools for this system with the goal of making decisions easier for our trading.

I will download and access it today/ tomorrow.

Lrathi
  • #1,808
  • Aug 31, 2009 10:07pm Aug 31, 2009 10:07pm
Quoting lrathi

Essentially you are trading H1 charts and taking M15 signals on the M5 chart.??? Why did you not take the first M15 signal from the Mtf trix meter after the 3 xtrends lined up where your blue line is placed?
I trade whatever I can and whenever I notice a signal.
Where I took the trade was the place where three blues lined up for the first time as earlier H1 blue was not confirmed.

Quoting lrathi
YOu have two kinds of arrows on yourchart One red/dark blue(Larger) which I take is the sm candle indicator with MA=0. So these are your M5 trix signals...What purpose do they serve if you are entry is on M15 trix from the Mtf Trix meter?
What are the second set of arrows the light blue ?/(smaller)ones? Are these the momentum ones of ChrisB ?
Smaller arrows are for Trix 2,1,1,1 and bigger for Trix 3,1,1,1. My entry is always from M5.
Why should I need a momentum indicator when not scalping?

Quoting lrathi
Are they augmenting gleneagles strategy in the pure form ?
I think that what I use is Glen's system in quite a pure form, although I have never had the purpose to copy anyone's system for 100 %. I am open to any ideas but I allow myself exceptions and adjustments whenever I see it necessary. And I change the details of my chart permanently.
  • #1,809
  • Aug 31, 2009 10:12pm Aug 31, 2009 10:12pm
Quoting lrathi
There is the DX trader version too.

Infact this is a better option as it has the 2x Ma to filter out higer probability trades. I have been playing with his indicator and sure enough it is better than the one being used. Filters alot of false treades with the 2xma facility.

I am using the Ma_1=8 and Ma-2 =32. Trix set to 3.

Indrek you used this indicator before... you should have it in your repertoire.
I used it earlier but why should I need an indicator that uses two MAs when I want one where MAs would be absolutely eliminated
I simply do not want any MAs any more as there is no need for confirmation of confirmation of confirmation
  • #1,810
  • Edited 10:51pm Aug 31, 2009 10:14pm | Edited 10:51pm
Quoting lrathi
What modified version have you been using up to now?

I vote to let all programmers who are coding for any indicators for this trix strategy post all versions on the thread rather than by private PM/private email. Many traders like myself do not have a special forex email box....

FF does not provide attachments facilities on the PM feature.

These forums are for encouranging discussion on strategy and relevant indicatrs to the stragegy.

To date.... Xescret has been asked to PM/email me with technical issues of the version of MTF_TRIX as it...
I have nothing against posting new indicators in the thread. But sometimes there are specific technical advices that can maybe given more effectively in direct communication between two people.
  • #1,811
  • Aug 31, 2009 10:18pm Aug 31, 2009 10:18pm
Quoting lrathi
thanks again... I tend not to read all the posts which were posted while I was asleep before replyimg. Sorry for the overlap.

Question to Gleneagles and Indrek: Both have more knowledge on this ATR stuff ..
Q1. Is using the ATR indicator programmed kindly by I think it is either Royston or xecret where the font is really tiny with ADR in the indicator.....This indicator..... If ATR set to 6/36 and use the colour change enough eg green...
I use ATR 6/36, Glen uses 5/25, I sometimes look also at 6/1440.
This is just for estimating the volatility and for this purpose I look only at M5 chart as ATR 6/36 on H1 chart does not show anything reasonable.
If shorter period ATR is bigger than longer one then the volatility is good for trading.
  • #1,812
  • Aug 31, 2009 10:21pm Aug 31, 2009 10:21pm
Quoting lrathi
Just for my personal educational in trading....

I have read about the Icumoto indicator and have a high respect for it.

never seen the MTF and various components version so neatly represented.

If you are allowed to...could you post this indicator on the thread.. Love to play with it for my own trading education .

Many thanks
Do you mean Ichimoku? Here it is.
Ichimoku Kinko Hyo is a default indicator in MT4.
Attached File(s)
File Type: ex4 Ichimoku.ex4   6 KB | 336 downloads
File Type: mq4 Ichimoku.mq4   5 KB | 355 downloads
  • #1,813
  • Aug 31, 2009 10:51pm Aug 31, 2009 10:51pm
Thanks for all the clarifications... I understand your thinking clearly and from where you are coming from...

the Ichimoku version on MT4 I know about... however there is a MTF version with a breakdown of component parts from Dan Johnston is what I would like to play with on my charts.

I used some components in my earlier trading. Like everything.... It makes more sense to me after more experience. Coming back to old stuff re-enforces many things which was not so claer in the early days.

I will put a two charts up to show a visual representation of using 1xMA vs 2xMA for the filter....

As we both know these are all suggestions /ideas and each trader is encouraged to work within their comfort zones and personal trading plan.

Thanks again
  • #1,814
  • Aug 31, 2009 11:12pm Aug 31, 2009 11:12pm
Quoting lrathi
Thanks for all the clarifications... I understand...
I am just thinking if we really need any additional filters when we use Trix on 4 TFs... Seems to me that the system is good enough already?
Of course, our Trix tools can be improved all the time, and that what our nice coders are doing
  • #1,815
  • Aug 31, 2009 11:14pm Aug 31, 2009 11:14pm
MissPips coded a MTF Ichimoku for THV, it should be in the paperclip of the THV thread.

If you can't find it or have probs to set it up drop me a PM if you like to.

Quoting lrathi
Thanks for all the clarifications... I understand...
  • #1,816
  • Aug 31, 2009 11:35pm Aug 31, 2009 11:35pm
TP1 +25

Entry above weekly pivot.

Stop now at BE.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Sep. 01 08.29.gif Size: 13 KB
" Never let the past hold the future to ransom "
  • #1,817
  • Aug 31, 2009 11:46pm Aug 31, 2009 11:46pm
Quoting Gleneagles
TP1 +25

Entry above weekly pivot.

Stop now at BE.
I took the same trade earlier (1 h before), so I am now trying to trail the stop. But I am not too good in trailing...
  • #1,818
  • Aug 31, 2009 11:51pm Aug 31, 2009 11:51pm
I trust that at least a few of you are trading MTF, demo or live?

Maybe you are still trying it out or maybe you are undecided about whether it works or not?

BTW I am not trading the Yen crosses until tomorrow. With the new government in Japan, I expected a lot of uncertainty and speculation that could impact the currencies. I did not really happen but rather safe than sorry.
" Never let the past hold the future to ransom "
  • #1,819
  • Aug 31, 2009 11:53pm Aug 31, 2009 11:53pm
Quoting Indrek
I took the same trade earlier (1 h before), so I am now trying to trail the stop. But I am not too good in trailing...
I am hoping that R1 will break, will trail by 25 pips the remainder of the trade..after TP2..if it gets there.
" Never let the past hold the future to ransom "
  • #1,820
  • Aug 31, 2009 11:57pm Aug 31, 2009 11:57pm
Quoting Gleneagles
I am hoping that R1 will break, will trail by 25 pips the remainder of the trade..after TP2..if it gets there.
I am trailing by 25 pips but my TP2 (final one) is set one pip before R1.
First profit was taken at 26 pips by my mistake Intended to take it at 12 pips but then switched between two computers and my EA reacted to this in a strange way... Luckily, a profitable way
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