MTF Trix system | Page 107 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

MTF Stochastics into MTF Stoch Histogram 8 replies

MTF Trix Meter 1.1d help! 0 replies

5 digits fro trix and mtf trix 2 replies

Anyone heard of the TRIX indicator ? 4 replies

Trix indicator 2 replies

Attachments: MTF Trix system
Exit Attachments

MTF Trix system

  • #2,121
  • Edited 7:16am Sep 7, 2009 6:51am | Edited 7:16am
Quoting crashout
That would be cool, if someone post on the first page of thread the latest updates of indicators and templates

Because i'm lost, nobody shows the same graphs ???

Thanks !
I will post some versions of MTF Trix and Scalper Signals on the first page. What version anyone uses is a matter of taste and personal choice.
All other indicators are optional and what you use or do not use is up to you. That is why I will not post any templates.
When Glen will be online, we can ask him about the manual. I know he was finishing proof-reading some time ago, possibly we can have it posted soon.
  • #2,122
  • Sep 7, 2009 7:00am Sep 7, 2009 7:00am
Quoting michaelhryu
Dear Glen,

I really like your system. I tried to use the "Update Stops" EA but I still have some problems. I have several questions how to use the EA properly.

1. Do I have to download the ex4 file to EA folder?
2. If I want to scale out 1/3 after 25 pips gain, which % I have to input in the box of TakeProfitPercentage? Either 25% or 33 (34) %?

3. Most importantly, whenever I try to trade (for excercise), message box pops up continuously. The message reads, "Confirm HardStop Setting GBPUSA ? OK to set STOPLOSS now to 40 pips loss? or CANCEL...
Hi there

Answers to your questions, to the best of my abilities

1/ EA = Expert Advisor.....so...yes...you need to put it into the Experts folder
2/ 1/3 = 33.3% therefore....if you want to take one third....set it to 33%
3/ no idea why the message would keep appearing after you have pushed OK. I hope you are trading on a demo account, if so, try installing MT4 from another broker see if that helps
4/ if you have created a template and got the EA set up for that template, I think it will hold the settings. Try it and see
5/ which JPY pair are you referring to?

Anyways.....if you are new to this sytem, I would suggest you focus on one or two pairs....GBPUSD and one other.

I have asked questions here and always got great responses, but the one thing I always do, is to really try to figure it out myself....and then if I am completely stumped I post a question.
If you are trading on a demo account, there is no harm just trying things.
  • #2,123
  • Sep 7, 2009 7:15am Sep 7, 2009 7:15am
Quoting pgpb
Hi there

Answers to your questions, to the best of my abilities

1/ EA = Expert Advisor.....so...yes...you need to put it into the Experts folder
2/ 1/3 = 33.3% therefore....if you want to take one third....set it to 33%
3/ no idea why the message would keep appearing after you have pushed OK. I hope you are trading on a demo account, if so, try installing MT4 from another broker see if that helps
4/ if you have created a template and got the EA set up for that template, I think it will hold the settings. Try it and see
5/ which JPY pair are...
When is the manual going to be posted? Alot of support here but I think a detailed manual will help eliminate alot of basic questions. This should include the option of the management EA suggested with detail settings.

Many traders are beginners to intermediate to advanced ( some of each) .... each I am sure will gain alot from the manual. Entry set-ups, recomended SL for each pair, possible exits as well as MM EA used and settings.
  • #2,124
  • Sep 7, 2009 8:29am Sep 7, 2009 8:29am
Quoting lrathi
When is the manual going to be posted? Alot of support here but I think a detailed manual will help eliminate alot of basic questions. This should include the option of the management EA suggested with detail settings.

Many traders are beginners to intermediate to advanced ( some of each) .... each I am sure will gain alot from the manual. Entry set-ups, recomended SL for each pair, possible exits as well as MM EA used and settings.
Hi Irathi

I have submitted a version to Indrek, and he and Glen were looking at it, it is with them now.

A manual sure would help, as this thread has grown and there is a lot to plow through to get the meat.

PGPB
  • #2,125
  • Sep 7, 2009 8:34am Sep 7, 2009 8:34am
Quoting pgpb
Hi Irathi

I have submitted a version to Indrek, and he and Glen were looking at it, it is with them now.

A manual sure would help, as this thread has grown and there is a lot to plow through to get the meat.

PGPB
Let us ask Glen when he comes online. Some days ago he told me that he is almost finished with the manual.
Meanwhile, would be nice to see some trades. Sometimes it seems to me that only 2-3 people here really trade. Or am I mistaken?
(I do not speak about today. I intentionally even did not try to trade today and understand everybody who also did not.)
  • #2,126
  • Sep 7, 2009 8:51am Sep 7, 2009 8:51am
usdcad hit the target, 100 pips


Quoting Piglet
Today's results: 40 pips from eurjpy, waiting for usdcad to hit target 1.

My pips are from one entry, one exit = real pips.

Attachment
  • #2,127
  • Sep 7, 2009 8:58am Sep 7, 2009 8:58am
Quoting Piglet
usdcad hit the target, 100 pips
Nice job!
I just wonder who besides you was trading these currencies as there is a bank holiday in both countries... If you sold USDCAD then there had to be someone who bought... But who could it be?
  • #2,128
  • Sep 7, 2009 9:06am Sep 7, 2009 9:06am
Don't know, never bother to ask

Seriously, usdcad is going to make a long term upturn soon, so after a few weeks the buyer will be on profit.


Quoting Indrek
Nice job!
... If you sold USDCAD then there had to be someone who bought... But who could it be?
  • #2,129
  • Sep 7, 2009 9:08am Sep 7, 2009 9:08am
Quoting Piglet
Don't know, never bother to ask

Seriously, usdcad is going to make a long term upturn soon, so after a few weeks the buyer will be on profit.
Hopefully he or she is with us, only stays quiet right now
  • #2,130
  • Sep 7, 2009 9:27am Sep 7, 2009 9:27am
Quoting Indrek
Let us ask Glen when he comes online. Some days ago he told me that he is almost finished with the manual.
Meanwhile, would be nice to see some trades. Sometimes it seems to me that only 2-3 people here really trade. Or am I mistaken?
(I do not speak about today. I intentionally even did not try to trade today and understand everybody who also did not.)

I think more are trading these entry signals.... maybe exits are personal choice.

I certainly think many more will come on board and be more confident when there is a manual to refer to all in one place rather than ploughing through many posts where the strategy has been explained and unfolded....
people like to read the hard copy first.... make sense of it themselves and then place their trades on the thread. Asking simple questions which a manual should cover is difficult for most adults.... 95% are intelligent people .

I trade 3-4 days a week. Use 30-5 or the 60-15-5 strategies. My exit is 10 pips for now due to personal commitments of not being able to stare at the PC screen for long. I just trade more lots. I think GBPUSD so far has been great for trading opportunities each day.

I got 20 pips today from LOndon session. Some days I cannot trade. I think if I traded NY session I would have got another 2x10 pips.
  • #2,131
  • Sep 7, 2009 9:30am Sep 7, 2009 9:30am
Quoting lrathi
I think more are trading these entry signals.... maybe exits are personal choice.

I certainly think many more will come on board and be more confident when there is a manual to refer to all in one place rather than ploughing through many posts where the strategy has been explained and unfolded....
people like to read the hard copy first.... make sense of it themselves and then place their trades on the thread. Asking simple questions which a manual should cover is difficult for most adults.... 95% are intelligent people .

I trade 3-4 days...
What I meant is that it would be nice if anyone who actually trades posted the charts. It is the best way that I know for developing our skills - to discuss real trades
And it is also a good way to demonstrate the system for the people who have not started to use this system yet. Those people who already trade it do not need a manual any more, do they? The best teacher is practice
  • #2,132
  • Sep 7, 2009 9:35am Sep 7, 2009 9:35am
Quoting lrathi
I got 20 pips today from LOndon session. Some days I cannot trade. I think if I traded NY session I would have got another 2x10 pips.
There was no NY session today. It is a bank holiday both in USA and Canada.
I think that is why Glen has been away for the whole day. No special reason to trade.
  • #2,133
  • Sep 7, 2009 9:46am Sep 7, 2009 9:46am
Quote
Don't know, never bother to ask

Seriously, usdcad is going to make a long term upturn soon, so after a few weeks the buyer will be on profit.

facing resistance at 1.075 that goes way back to july.

will be monitoring this closely. the MTF are all down at the moment, except maybe for m5.
  • #2,134
  • Sep 7, 2009 9:46am Sep 7, 2009 9:46am
Quoting Indrek
What I meant is that it would be nice if anyone who actually trades posted the charts. It is the best way that I know for developing our skills - to discuss real trades
And it is also a good way to demonstrate the system for the people who have not started to use this system yet. Those people who already trade it do not need a manual any more, do they? The best teacher is practice
I disagree!

I trade the basic system entry but with my conservative filters too, but I think a manual will be very helpful indeed.

Depends how detail the manual will be. I may want to use the MM EA in the future or branch into other pairs..... Recommended SL and Tp are different... I will use the manual to refer to these easily than trying to find a post here or there where it is mentioned.

Refer to the EA settings to manage my trades....etc.
  • #2,135
  • Sep 7, 2009 9:47am Sep 7, 2009 9:47am
GBPUSD

System : Trix 30m, 5m

Result : 25 + 35 + 12 = 72
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd07.09.gif Size: 21 KB
  • #2,136
  • Sep 7, 2009 9:51am Sep 7, 2009 9:51am
GBPJPY

System : Trix 30m, 5m

Result : 25 + 5 + 5 = 35
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy07.09.gif Size: 21 KB
  • #2,137
  • Sep 7, 2009 9:52am Sep 7, 2009 9:52am
Quoting Indrek
There was no NY session today. It is a bank holiday both in USA and Canada.
I think that is why Glen has been away for the whole day. No special reason to trade.
GBPUSD there is PA. Strong resistance on R2... double/triple tops...divergence on Trix. Even in NY sesssion there were 2x10 pips trades...
1x 30-5 trade
1x 60-15-5 trade so far. session not finished.

Another trade got 100 pips on USDCAD....

Another traded eurjpy today for some pips.

There are opportunities everyday....nearly every session.

GBPUSD broke seconary trendline....in a retracement now....then heading to primary trendline.

I have my quota today so stopped trading for the day.

Edit; Some one just posted GBPJPY trade....
DOES not matter if bank holiday or not......still lots of pips
  • #2,138
  • Sep 7, 2009 9:55am Sep 7, 2009 9:55am
EURUSD

System : Trix 30m, 5m

Result : -7 - 7 - 7 = -21
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd07.09.gif Size: 24 KB
  • #2,139
  • Sep 7, 2009 9:58am Sep 7, 2009 9:58am
EURJPY

System : Trix 30m, 5m

Result : -24 - 24 - 24 = -72
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy07.09.gif Size: 22 KB
  • #2,140
  • Sep 7, 2009 10:04am Sep 7, 2009 10:04am
Indrek and Lrathi,

I think you both make good points, it's helpful to critique charts that have been posted and a manual helps for reference.

Did anyone take this?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 36 KB
10 traders viewing now