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MTF Trix system

  • #2,281
  • Sep 9, 2009 8:20am Sep 9, 2009 8:20am
Greetings all, especially Glen and Indrek who have made this thread very productive and makes keep reading again n again.
A super newly fresh newbie here trying to get a hang of your system, still not sure whether i've set my chart and indi right English is way too complicated for me. Wish you all the best and will keep on preying this thread
  • #2,282
  • Sep 9, 2009 9:00am Sep 9, 2009 9:00am
Hi Guys,

I have completed reading this thread to date and seek clarification on the entry. Thank you Gleneagles, Indrek and all those who have made invaluable contributions to this thread.

This is a GBPUSD 5 minute chart using the 60-15-5 three block method. Could someone please confirm whether my points on the chart are correct? Thank you.
Attached Image (click to enlarge)
Click to Enlarge Name: GPBUSD.jpg Size: 144 KB
  • #2,283
  • Sep 9, 2009 9:30am Sep 9, 2009 9:30am
Quoting fxpilot
Hi Guys,

I have completed reading this thread to date and seek clarification on the entry. Thank you Gleneagles, Indrek and all those who have made invaluable contributions to this thread.

This is a GBPUSD 5 minute chart using the 60-15-5 three block method. Could someone please confirm whether my points on the chart are correct? Thank you.
Please re-read the 2 block posts again and understand the text in relation to the lines drawn and the way they line up on the MTF indicator on two TF's first.Page 144 posts#2150 and #2151

Ask your self???

Q1. What time frame in the 30-5 (2xblock system) are you trying to trade?
Q2. What time frame are your entry signals from?


Please post a chart with this 2 block system first.

Thanks
  • #2,284
  • Sep 9, 2009 10:53am Sep 9, 2009 10:53am
Quoting blackmovie
hi glen & indrek,one q: do you enter every trade with same lot size considering you use hard stop, but not adjust lot size according stop loss?
I do not adjust lot size according to stop loss. But there may be other arguments to vary it.
  • #2,285
  • Sep 9, 2009 10:54am Sep 9, 2009 10:54am
EURJPY

System : Two Block 30m, 5m

Results : 38 + 37 + 30 = 105
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy09.09.gif Size: 19 KB
  • #2,286
  • Sep 9, 2009 10:55am Sep 9, 2009 10:55am
Quoting zeroaja
Greetings all, especially Glen and Indrek who have made this thread very productive and makes keep reading again n again.
A super newly fresh newbie here trying to get a hang of your system, still not sure whether i've set my chart and indi right English is way too complicated for me. Wish you all the best and will keep on preying this thread
Welcome
  • #2,287
  • Sep 9, 2009 11:01am Sep 9, 2009 11:01am
GBPJPY

System : Two Block 30m, 5m

Results : -159 + 108 = -51
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpjpy09.09.gif Size: 19 KB
Click to Enlarge Name: gbpjpy2.09.09.gif Size: 19 KB
  • #2,288
  • Sep 9, 2009 11:01am Sep 9, 2009 11:01am
Quoting lrathi
Please re-read the 2 block posts again and understand the text in relation to the lines drawn and the way they line up on the MTF indicator on two TF's first.Page 144 posts#2150 and #2151

Ask your self???

Q1. What time frame in the 30-5 (2xblock system) are you trying to trade?
Q2. What time frame are your entry signals from?


Please post a chart with this 2 block system first.

Thanks
There is no need to start with 2 block system. I would even suggest to start trading with 60,15,5 as it is more secure.
  • #2,289
  • Sep 9, 2009 11:01am Sep 9, 2009 11:01am
Quoting fxpilot
Hi Guys,

I have completed reading this thread to date and seek clarification on the entry. Thank you Gleneagles, Indrek and all those who have made invaluable contributions to this thread.

This is a GBPUSD 5 minute chart using the 60-15-5 three block method. Could someone please confirm whether my points on the chart are correct? Thank you.
In principle, they are correct. But the new high of 5M candle means that you enter at the break of the candle with arrow. So you have to adjust a bit.
Example: if the high of the signal candle (candle with arrow) is 1.6502 then your long entry is at 1.6503.
  • #2,290
  • Sep 9, 2009 11:08am Sep 9, 2009 11:08am
GBPUSD

System : Two Block 30m, 5m

Results : (-)144
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd09.09.gif Size: 19 KB
  • #2,291
  • Edited 11:31am Sep 9, 2009 11:19am | Edited 11:31am
Today was a negative territory day.
EURJPY +105
GBPJPY -159 + 108
GBPUSD -144
Total -90

Got into GU and first GY trade late by 2 bars as I was not at my computer. To compound matters the price, of course, did not oblige by going the required distance!

Ended in minus territory for both trades. If only I had a robot to sit at my computer and shout out to me at the first sign of the signal bar! Dream on!
  • #2,292
  • Sep 9, 2009 11:39am Sep 9, 2009 11:39am
Quoting Trader7
Today was a negative territory day.

Ended in minus territory for both trades. If only I had a robot to sit at my computer and shout out to me at the first sign of the signal bar! Dream on!
Put smscalpersignal indi on your charts, it has an alert function. Set it up on on a 30M and 60M chart, it can run in the background. It will sound an alarm and a pop up window will appear.
" Never let the past hold the future to ransom "
  • #2,293
  • Sep 9, 2009 11:50am Sep 9, 2009 11:50am
I still use these indicators to alert me ......

Quoting Gleneagles
Put smscalpersignal indi on your charts, it has an alert function. Set it up on on a 30M and 60M chart, it can run in the background. It will sound an alarm and a pop up window will appear.
Attached File(s)
File Type: ex4 smSuper TRIX_MTF_v1.1.ex4   10 KB | 584 downloads
File Type: ex4 smSuper TRIX_v2.ex4   11 KB | 568 downloads
  • #2,294
  • Sep 9, 2009 12:02pm Sep 9, 2009 12:02pm
Quoting Indrek
There is no need to start with 2 block system. I would even suggest to start trading with 60,15,5 as it is more secure.
I am confused here.
The response of the trader indicates that the basic understanding of the 2-block is not there yet.
My understanding is there is still confusion which TF is being traded and which is the TF for pulling the trigger by the trader. I get this impression from the basic line line up of the squares.

My questions have not been answered by the trader , so where does this leave me??I had reason to ask the trader these questions to understand his understanding.

I have just finished explaining in detail the 60-15-5 for the manual with a chart.

I attach it here.
Please Indrek take over from here for this trader as It is past mid-night here.


Many thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: mtf trix 60-15-5.gif Size: 29 KB
  • #2,295
  • Sep 9, 2009 12:08pm Sep 9, 2009 12:08pm
Irathi,

I think you explained it very well with the chart and the explanations posted. Also would have been an excellent trade for anyone taking it.
Quoting lrathi
I am confused here.
The response of the trader indicates that the basic understanding of the 2-block is not there yet.
My understanding is there is still confusion which TF is being traded and which is the TF for pulling the trigger by the trader. I get this impression from the basic line line up of the squares.

My questions have not been answered by the trader , so where does this leave me??I had reason to ask the trader these questions to understand his understanding.

I have just finished explaining in detail the 60-15-5 for the manual with...
  • #2,296
  • Edited 12:26pm Sep 9, 2009 12:11pm | Edited 12:26pm
Quoting Trader7

Got into GU and first GY trade late by 2 bars as I was not at my computer. To compound matters the price, of course, did not oblige by going the required distance!
It is better to leave it after you missed a signal and to wait for the next opportunity instead of rushing into a losing trade.
It is not so important how many bars later you entered but how much price had moved during these bars.
When I miss a signal then I make a late entry only if the price is at the same level as it was at the moment of the signal. If it has moved away then - no entry any more!
  • #2,297
  • Sep 9, 2009 12:22pm Sep 9, 2009 12:22pm
Quoting lrathi
I am confused here.
The response of the trader indicates that the basic understanding of the 2-block is not there yet.
My understanding is there is still confusion which TF is being traded and which is the TF for pulling the trigger by the trader. I get this impression from the basic line line up of the squares.

My questions have not been answered by the trader , so where does this leave me??I had reason to ask the trader these questions to understand his understanding.

I have just finished explaining in detail the 60-15-5 for the manual with...
No problems, just different approach.
fxpilot asked a very clear question - if he got the signals right on his chart. Instead of answering the question you suggested him to post a 30,5 chart.
To my mind it is quite OK to skip 30,5 and to start with 60,15,5 as it is a safer setup. It is not more difficult to line up 3 or 4 blocks than 2 blocks.
My personal suggestion is to start trading 30,5 only after obtaining enough skills with 60,15,5 not vice versa.
  • #2,298
  • Edited 1:30pm Sep 9, 2009 12:40pm | Edited 1:30pm
Quoting lrathi
I have just finished explaining in detail the 60-15-5 for the manual with a chart.
I attach it here.
Is p.4 correct? I have some doubts.
Entry is at the break of signal candle's high. If the signal candle is higher than the previous is not relevant. May be I am mistaken but this is how I trade this setup.
  • #2,299
  • Sep 9, 2009 1:05pm Sep 9, 2009 1:05pm
Quoting Indrek
In principle, they are correct. But the new high of 5M candle means that you enter at the break of the candle with arrow. So you have to adjust a bit.
Example: if the high of the signal candle (candle with arrow) is 1.6502 then your long entry is at 1.6503.
Hi Indrek,

Thank you for the clarification. I now fully understand the entry. I have compared both the 60-15-5 and 30-5 strategies and both work well. From my backtesting and demo trades, I am more comfortable with 60-15-5. I guess this is a matter of personal preference.

The information that you have shared throughout this thread is priceless. Very much appreciated. Thank you.
  • #2,300
  • Sep 9, 2009 1:14pm Sep 9, 2009 1:14pm
Quoting fxpilot
Hi Indrek,

Thank you for the clarification. I now fully understand the entry. I have compared both the 60-15-5 and 30-5 strategies and both work well. From my backtesting and demo trades, I am more comfortable with 60-15-5. I guess this is a matter of personal preference.

The information that you have shared throughout this thread is priceless. Very much appreciated. Thank you.
You are welcome
If you trade 60-15-5 then you are safer because more TFs are included, i.e the confirmed signal is much stronger.
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