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MTF Trix system

  • #1,921
  • Sep 2, 2009 3:13am Sep 2, 2009 3:13am
Quoting DocPMD
Agreed - I'm thinking long on a bounce?
Maybe...will wait for a confirmed signal first.
" Never let the past hold the future to ransom "
  • #1,922
  • Sep 2, 2009 3:18am Sep 2, 2009 3:18am
Quoting DocPMD
Short EUR/JPY

Entry 131.96
Stop 132.13
TP#1 131.79
TP#2 131.55

Risk 2%
Profit 1.8%

Had to leave my terminal for a few minutes and I can't stand leaving a trade unattended. So I exited the second part of the position early at 131.72. Price just hit my TP#2 - oh well.

Doc
Nice one, I am getting a bit of whiplash watching all the trades today
" Never let the past hold the future to ransom "
  • #1,923
  • Sep 2, 2009 3:45am Sep 2, 2009 3:45am
I will stand aside now and wait for the market to make the next move.

The key levels are holding for now and it can become a bit choppy.

I will post less in future because you all have the same charts and we look at the same setups. It is quite hectic with 4-5 trades open at the same time.
I tried to give you a glimpse of what I look at but the system is simple and effective( for me).

Please post your trades, this is not my personal trading journal

All I ask is that you display the courtesy as a guest(like I am) to stick to the basics of MTF which has been outlined on the thread.

Regards.
" Never let the past hold the future to ransom "
  • #1,924
  • Sep 2, 2009 8:28am Sep 2, 2009 8:28am
Quoting Indrek
why do I have to reload my templates any time I open my terminal to make the MTF indicators work?
Hey Indrek,

What do mean by this exactly?
I ask because I start MT4 and they are all there and all working fine.
  • #1,925
  • Edited 10:06am Sep 2, 2009 9:51am | Edited 10:06am
Quoting angus
Hey Indrek,

What do mean by this exactly?
I ask because I start MT4 and they are all there and all working fine.
Whenever I start MT4 I see the indicators but they are not working.
See the example - first is a chart right after I opened MT4 and the next is the same after I reloaded my template.
The same situation with Roy's 05 - before I reload the template I see just green and red boxes that have nothing in common with the real situation. After reloading it is working without any problems.
Besides reloading the template it also helps if I open the settings of any of the 4 indicators and click OK. Then all 4 are fixed.
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  • #1,926
  • Sep 2, 2009 10:07am Sep 2, 2009 10:07am
Quoting Gleneagles

All I ask is that you display the courtesy as a guest(like I am) to stick to the basics of MTF which has been outlined on the thread.

Regards.
Absolutely, the only way to keep the thread clean and tidy.
  • #1,927
  • Sep 2, 2009 10:07am Sep 2, 2009 10:07am
Quoting Indrek
Whenever I start MT4 I see the indicators but they are not working.
See the example - first is a chart right after I opened MT4 and the next is the same after I reloaded my template.
The same situation with Roy's 05 - before I reload the template I see just green and red boxes that have nothing in common with the real situation. After reloading it is working without any problems.
Besides reloading the template it also helps if I open the settings of any of the 4 indicators and click OK. Then all 4 are fixed.

Ok, thanks, I'll keep an eye on that. (I think I sometimes have that problem with my pivots)
  • #1,928
  • Sep 2, 2009 10:12am Sep 2, 2009 10:12am
Quoting angus
Ok, thanks, I'll keep an eye on that. (I think I sometimes have that problem with my pivots)
If it is sometimes then it is quite OK. But for me the situation means that I have to adjust my Quik_Trailing settings for all charts every time I open MT4. And there is a danger that sometimes I forget to do it on some chart or whatever. Would prefer indicators uploading authomatically.
  • #1,929
  • Sep 2, 2009 10:15am Sep 2, 2009 10:15am
Quoting Indrek
Whenever I start MT4 I see the indicators but they are not working.
See the example - first is a chart right after I opened MT4 and the next is the same after I reloaded my template.
The same situation with Roy's 05 - before I reload the template I see just green and red boxes that have nothing in common with the real situation. After reloading it is working without any problems.
Besides reloading the template it also helps if I open the settings of any of the 4 indicators and click OK. Then all 4 are fixed.
I would start with a fresh template. Add 1 indie at a time to see if it is a problem with that indie, or with the combination of indies.

Also, check your system resources.

I will tell you that I have had STRANGE problems when I had TRO's indies in my system.
I trade what I see on my charts. Do Not listen to the Muppets.
  • #1,930
  • Sep 2, 2009 10:20am Sep 2, 2009 10:20am
Did anyone take these two longs 5-15-60 GBPUSD?
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  • #1,931
  • Sep 2, 2009 10:32am Sep 2, 2009 10:32am
Quoting Gleneagles
Maybe...will wait for a confirmed signal first.
Well, I called this trade about 90 min before it happened. Unfortunately, I was tired and decided to take a nap. Missed it.

Doc
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  • #1,932
  • Sep 2, 2009 10:32am Sep 2, 2009 10:32am
Quoting Vanhook2
I would start with a fresh template. Add 1 indie at a time to see if it is a problem with that indie, or with the combination of indies.

Also, check your system resources.

I will tell you that I have had STRANGE problems when I had TRO's indies in my system.
I'll try that too, thanks.
  • #1,933
  • Sep 2, 2009 10:56am Sep 2, 2009 10:56am
Quoting angus
Did anyone take these two longs 5-15-60 GBPUSD?

Angus,

Are you using 2 1 1 1 (arrows)?

The area highlighted has 1 possible reentry (3 1 1 1)if you elect to trade it. It would have stopped out. The next 3 1 1 1 5M signal would have been a winner.
First choice is not to trade from 5M chart but to take the trade when trend change happens on longer TF. Getting in at the start of the trend is normally the best and safest place to enter.
" Never let the past hold the future to ransom "
  • #1,934
  • Sep 2, 2009 10:58am Sep 2, 2009 10:58am
Quoting DocPMD
Well, I called this trade about 90 min before it happened. Unfortunately, I was tired and decided to take a nap. Missed it.

Doc
I tried to phone you but your phone was of the hook.
" Never let the past hold the future to ransom "
  • #1,935
  • Sep 2, 2009 11:08am Sep 2, 2009 11:08am
Quoting Gleneagles
Angus,

Are you using 2 1 1 1 (arrows)?

The area highlighted has 1 possible reentry (3 1 1 1)if you elect to trade it. It would have stopped out. The next 3 1 1 1 5M signal would have been a winner.
First choice is not to trade from 5M chart but to take the trade when trend change happens on longer TF. Getting in at the start of the trend is normally the best and safest place to enter.
hi, i am new here... which indicator do i download? really sorry abt it as i need guidance on this.. thanks
  • #1,936
  • Sep 2, 2009 11:13am Sep 2, 2009 11:13am
Quoting Gleneagles
I tried to phone you but your phone was of the hook.
LOL
  • #1,937
  • Sep 2, 2009 11:14am Sep 2, 2009 11:14am
Quoting Gleneagles
Angus,

Are you using 2 1 1 1 (arrows)?

The area highlighted has 1 possible reentry (3 1 1 1)if you elect to trade it. It would have stopped out. The next 3 1 1 1 5M signal would have been a winner.
First choice is not to trade from 5M chart but to take the trade when trend change happens on longer TF. Getting in at the start of the trend is normally the best and safest place to enter.
Hey Gleneagles,

Settings are: Period av :6
Trix period :3
Waiting :1
MA1 :1
MA2 :1
MA3 :1
Input price:0
Method :3
Applied :6

And from what you're saying you don't re-enter an existing higher TF trend on a lower TF? You wait for a fresh higher TF signal.
  • #1,938
  • Sep 2, 2009 11:23am Sep 2, 2009 11:23am
Quoting Vanhook2

I will tell you that I have had STRANGE problems when I had TRO's indies in my system.
Great advice!
I deleted TRO Pivot and no problems any more!
Just wonder if I was in a wrong station or in a wrong train
But I will keep TRO Snake because it works for me. So long, Frankenstein or whatever was his lastly used name
  • #1,939
  • Sep 2, 2009 11:25am Sep 2, 2009 11:25am
Quoting Gleneagles
Angus,

Are you using 2 1 1 1 (arrows)?

The area highlighted has 1 possible reentry (3 1 1 1)if you elect to trade it. It would have stopped out. The next 3 1 1 1 5M signal would have been a winner.
First choice is not to trade from 5M chart but to take the trade when trend change happens on longer TF. Getting in at the start of the trend is normally the best and safest place to enter.
There it is again with the original trix indicator.
Attached Image (click to enlarge)
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  • #1,940
  • Sep 2, 2009 11:27am Sep 2, 2009 11:27am
Quoting angus
Hey Gleneagles,

Settings are: Period av :6
Trix period :3
Waiting :1
MA1 :1
MA2 :1
MA3 :1
Input price:0
Method :3
Applied :6

And from what you're saying you don't re-enter an existing higher TF trend on a lower TF? You wait for a fresh higher TF signal.
Angus,

The arrows on my chart are different, will check my settings..should be 3 1 1 1 as well.
I prefer to get in at the start of the trend. If the PA has moved 50/60 pips already, I am wary to just jump in on a reentry. Normally the currencies trade in harmonic beats of 50-60 pips, retrace or form a consolidation, then trade another 50-60 pips etc .

Not all the trends run forever, some will hardly fill TP2. The highest probability, lowest risk trades are the entries close to ,or at the trend change.
" Never let the past hold the future to ransom "
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