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MTF Trix system

  • #2,061
  • Sep 4, 2009 6:08am Sep 4, 2009 6:08am
GBPUSD

System : Trix 30m, 5m

Result : 2 + 2 + 2 = 6

The SL was moved to break even + 2 as GU was showing signs of weakness with 75% fibo retracements on the 5m time frame. Furthermore EY and GY had already touched the highest point of the previous day.

Total for the day :

EURJPY 25 + 35 + 45 = 105
GBPJPY 25 + 35 + 20 = 80
EURUSD 15 + 25 + 14 = 54
GBPUSD 2 + 2 + 2 = 6
Total = 245

High impact news announcements are expected shortly and I have finished trading for the day and the week.

Have a nice weekend Indrek, Glen and all who are reading this.
  • #2,062
  • Sep 4, 2009 7:17am Sep 4, 2009 7:17am
Quoting Trader7
GBPUSD

System : Trix 30m, 5m

Result : 2 + 2 + 2 = 6

The SL was moved to break even + 2 as GU was showing signs of weakness with 75% fibo retracements on the 5m time frame. Furthermore EY and GY had already touched the highest point of the previous day.

Total for the day :

EURJPY 25 + 35 + 45 = 105
GBPJPY 25 + 35 + 20 = 80
EURUSD 15 + 25 + 14 = 54
GBPUSD 2 + 2 + 2 = 6
Total = 245

High impact news announcements are expected shortly and I have finished trading for the day and the week.

Have a nice weekend Indrek, Glen and all who are...
Well done! .
  • #2,063
  • Sep 4, 2009 8:01am Sep 4, 2009 8:01am
Quoting Trader7
GBPUSD

System : Trix...
Good trading
" Never let the past hold the future to ransom "
  • #2,064
  • Sep 4, 2009 8:01am Sep 4, 2009 8:01am
Quoting SkyzerFX
Dude, I trade that way probably 3-4 month now.. 2 month on Test
and now on live account.. There is nothing genius about, just sell
freaking Dollar, on every pop, that's all you have to do.. Chinese
Buying GOLD and SILVER.. There is some stories developing
http://www.reuters.com/article/rbssF...47327420090831

With 9 trillion defect 0% interest rate And 24/7 printing press running,
Dollar have no biz to trade anywhere
higher than 1.50/EURO. IMHO

Look at the chart, how many times Dollar rise...

Everything you talk about has NOTHING to do with this thread...congrats on selling the dollar (wtf)...anyway...go open your own thread.
  • #2,065
  • Edited 8:53am Sep 4, 2009 8:52am | Edited 8:53am
Hello MTF folks

I am feeling more and more confident in this method and am having success.

The one thing that I do need to get a handle on, is trading multiple "lots" and trading towards TP1 and TP2 etc
(I am currently doing this manually by opening 3 lots)

I know that some of you use EAs to manage your trades.
The two EAs that I have found are

- multi purpose trade manager
and also
-stop loss and take profit manager

I am most interested in what Gleneagles and Indrek use (since they are the mentors of this thread)

If there is another one, that you folks would recommend please let me know.

I am trying to figure out do you open one lot and then the EA takes partial profits, or does one open 3 lots and the EA manages 3 trades?

Indrek, if this is off topic please let me know and suggest that people contact me via PM, although I think that others may benefit from a clarification of this.

I think I need to choose one EA and learn to use it.
The multi purpose trade manager seems more powerful but is more complex also

Help is gratefully appreciated

PGPB
  • #2,066
  • Sep 4, 2009 9:08am Sep 4, 2009 9:08am
Quoting pgpb
Hello MTF folks

I am feeling more and more confident in this method and am having success.

The one thing that I do need to get a handle on, is trading multiple "lots" and trading towards TP1 and TP2 etc
(I am currently doing this manually by opening 3 lots)

I know that some of you use EAs to manage your trades.
The two EAs that I have found are

- multi purpose trade manager
and also
-stop loss and take profit manager

I am most interested in what Gleneagles and Indrek use (since they are the mentors of this thread)

If there is another...
Nice to hear that you are having success.
Both EAs - what I use and what Glen uses - have been posted in this thread. Both work very well and I do not see any need to look for more. The main difference is that QT allows two TPs and UpdateStops three. For me personally, two is enough at this stage. It is everyone's personal choice, in fact, if and how to divide the trade into portions.
There is nothing to learn about these EAs, just open the settings and everything is clear. As you set it so it works.
BTW: I have never traded 3 lots at a time...
  • #2,067
  • Sep 4, 2009 9:14am Sep 4, 2009 9:14am
Quoting Indrek
Nice to hear that you are having success.
Both EAs - what I use and what Glen uses - have been posted in this thread. Both work very well and I do not see any need to look for more. The main difference is that QT allows two TPs and UpdateStops three. For me personally, two is enough at this stage.
There is nothing to learn about these EAs, just open the settings and everything is clear. As you set it so it works.

thanks Indrek

I have found the EA you use
http://www.forexfactory.com/showthre...183801&page=28
(post number 415)

I can not for the life of me find the one that Glen uses
(as I do not know the name of it, so searching via the paperclip is difficult)
If someone could PM me that would be great

thx!!
  • #2,068
  • Sep 4, 2009 9:20am Sep 4, 2009 9:20am
Quoting stunna29
Well done! .

Hi there stunna29,

Thank you. Happy profitable trading to you.
  • #2,069
  • Sep 4, 2009 9:29am Sep 4, 2009 9:29am
Quoting pgpb
thanks Indrek

I have found the EA you use
http://www.forexfactory.com/showthre...183801&page=28
(post number 415)

I can not for the life of me find the one that Glen uses
(as I do not know the name of it, so searching via the paperclip is difficult)
If someone could PM me that would be great

thx!!
The name is clearly shown on his charts Update Stops. And I have posted it for sure.
Do not look in posts, just click the paperclip on the right upper corner of the page and you see all attachments that have been posted in the thread.
  • #2,070
  • Sep 4, 2009 9:32am Sep 4, 2009 9:32am
Quoting Gleneagles
Good trading


Thanks Glen. Things are getting better. Absorbing every idea you come up with.

Weekend of Sunshine and Beer? Cheers!!! My favourite is Margarita. I have suddenly developed this strong thirst!!!

Have a nice good relaxing weekend Glen. Cheers!!!
  • #2,071
  • Sep 4, 2009 11:01am Sep 4, 2009 11:01am
Indrek, I know I shouldn't post but look I will show you TRIx screen
anywas..

What I was saying? SHORT THE DOLLAR ON EVERY POP.

You think I present enough evidence already?

Here is my "fake buys" again And it already higher than that 1.4280...
Attached Image (click to enlarge)
Click to Enlarge Name: buy7gif.jpg Size: 132 KB
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #2,072
  • Sep 4, 2009 11:10am Sep 4, 2009 11:10am
Quoting SkyzerFX
Indrek, I know I shouldn't post but look I will show you TRIx screen
anywas..

What I was saying? SHORT THE DOLLAR ON EVERY POP.

You think I present enough evidence already?

Here is my "fake buys" again And it already higher than that 1.4280...
I still do not understand what are you trying to prove with the "evidence" I think everybody agrees that dollar moves up and down. I personally do not care at all about its longer term fate, I am just trying to get most out of every up or down move.
  • #2,073
  • Sep 4, 2009 11:21am Sep 4, 2009 11:21am
Skyser, you're trading based on fundamentals, which is completely opposite of trading based on indicators. The dollar can drop 300 points over the next week. Within that time, this system can make 1000 points trading the up and down swings.
If you're trying to prove a point that the dollar will tank, I don't think you have any argument with people here. I think we all agree. I'm with the rest of them asking how many times you feel you need to prove the obvious, which is if you're a long term trader, short the dollar.
Quoting SkyzerFX
Indrek, I know I shouldn't post but look I will show you TRIx screen
anywas..

What I was saying? SHORT THE DOLLAR ON EVERY POP.

You think I present enough evidence already?

Here is my "fake buys" again And it already higher than that 1.4280...
  • #2,074
  • Sep 4, 2009 11:24am Sep 4, 2009 11:24am
Quoting Indrek
I still do not understand what are you trying to prove with the "evidence" I think everybody agrees that dollar moves up and down. I personally do not care at all about its longer term fate, I am just trying to get most out of every up or down move.
Indrek,

Don`t underestimate the accuracy of Skyzer`s trade signals.
Everytime it agrees with MTF Trix, I have a few winners.
Attached Image (click to enlarge)
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" Never let the past hold the future to ransom "
  • #2,075
  • Sep 4, 2009 11:27am Sep 4, 2009 11:27am
I caught that one with MTF trix approx 50pips max profits with various TP along the way.

Also caught a decent move earlier on GY but GU was a bit frustating pre NFP but getting to grips with this each day so many thanks to Indrek, Gleneagles, Irathi, and to the programmers and other thread contributers.
Attached Image (click to enlarge)
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  • #2,076
  • Sep 4, 2009 11:35am Sep 4, 2009 11:35am
Quoting Gleneagles
Indrek,

Don`t underestimate the accuracy of Skyzer`s trade signals.
Everytime it agrees with MTF Trix, I have a few winners.
So, you need only two indicators - Skyzer Intuition and MTF Trix
  • #2,077
  • Sep 4, 2009 11:42am Sep 4, 2009 11:42am
Quoting Indrek
So, you need only two indicators - Skyzer Intuition and MTF Trix
Both winners, you can`t go wrong
" Never let the past hold the future to ransom "
  • #2,078
  • Sep 4, 2009 12:10pm Sep 4, 2009 12:10pm
Quoting Indrek
The name is clearly shown on his charts Update Stops. And I have posted it for sure.
Do not look in posts, just click the paperclip on the right upper corner of the page and you see all attachments that have been posted in the thread.
Indrek, thanks for your help in finding "update stops" EA
I threw some trades on a demo account to give it a try.
I am delighted with the results.
Although it makes me nervous not to set a stop loss and let an EA handle things. Would it mess up the working of the EA to throw on a disaster stop on there manually?

Here is the trade (not based on anything other than I thought it might go up....I just wanted to try the EA)

This will be another step forward in learning to trade MTF properly

Thanks again

PGPB
Attached Image (click to enlarge)
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  • #2,079
  • Sep 4, 2009 12:14pm Sep 4, 2009 12:14pm
Gbpusd 25 35 50
gbpjpy 25 35
eurjpy 25 35 50
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_07 Sep. 04 19.02.gif Size: 49 KB
" Never let the past hold the future to ransom "
  • #2,080
  • Sep 4, 2009 12:17pm Sep 4, 2009 12:17pm
Quoting pgpb
Indrek, thanks for your help in finding "update stops" EA
I threw some trades on a demo account to give it a try.
I am delighted with the results.
Although it makes me nervous not to set a stop loss and let an EA handle things. Would it mess up the working of the EA to throw on a disaster stop on there manually?

Here is the trade (not based on anything other than I thought it might go up....I just wanted to try the EA)

This will be another step forward in learning to trade MTF properly

Thanks again

PGPB
I do not think that setting different TPs is a mandatory part of MTF trading. It is just one possible way to manage your trade. But there is nothing wrong with setting only one TP.
The EA sets stop loss for one tick after your entry, so why are you nervous? Just see if it happens, and if not then you have plenty of time to do it manually
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