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MTF Trix system

  • #2,361
  • Sep 11, 2009 3:44am Sep 11, 2009 3:44am
Thanks to glen, indrek, xecret and others for sharing valuable info and personal time, glad i came back to this thread after wasting some time on those others with not much sucess.

After catching up on the whole thread and messing around with all the indicators this week i have made 4/4 wins both 30/5 and 60/15/5.
Only used 1 position so far and next week will use 3.

Cheers and beers its friday

Latest G/U 30/5
Entry 1.6698 (waited for price under 00 number)
sl 30
tp 25
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  • #2,362
  • Sep 11, 2009 7:24am Sep 11, 2009 7:24am
Here are my today's trades.
AUDUSD was a stupid failure. I decided to close it manually after all blocks turned green but right after that it would be possible to get out at least at breakeven.
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  • #2,363
  • Sep 11, 2009 9:30am Sep 11, 2009 9:30am
In the last few days (since Glen posted the block way of seeing TRIX) I have made 30 trades and was successful on 29 of them.
(some I closed quite early so they were small pip gains, but
The one that did not go my way, I know exactly why (I did not follow the rules)
Geez...if this keeps up I may gain some confidence
I am still trading very small, and being quite conservative

Here is todays EURJPY trade

See you folks on Monday!
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  • #2,364
  • Sep 11, 2009 9:54am Sep 11, 2009 9:54am
Quoting pgpb
In the last few days (since Glen posted the block way of seeing TRIX) I have made 30 trades and was successful on 29 of them.
(some I closed quite early so they were small pip gains, but
The one that did not go my way, I know exactly why (I did not follow the rules)
Geez...if this keeps up I may gain some confidence
I am still trading very small, and being quite conservative

Here is todays EURJPY trade

See you folks on Monday!
Well done
Of course, ten trades per day can be dangerous. (Overtrading!)
Now you deserve at least a cold beer if not something stronger
  • #2,365
  • Sep 11, 2009 10:01am Sep 11, 2009 10:01am
Hi Indrek, Glen and all the others!!

I have really to make my congratulations because the thread has made a lot of steps forward...and the system appear to be very solid and simple at the same time!!

Keep up the good work!!

Market is like a puzzle, YOU have to fit the pieces!!
  • #2,366
  • Sep 11, 2009 10:02am Sep 11, 2009 10:02am
Quoting pgpb
In the last few days (since Glen posted the block way of seeing TRIX) I have made 30 trades and was successful on 29 of them.
(some I closed quite early so they were small pip gains, but
The one that did not go my way, I know exactly why (I did not follow the rules)
Geez...if this keeps up I may gain some confidence
I am still trading very small, and being quite conservative

Here is todays EURJPY trade

See you folks on Monday!
Yup, If you do not exercise some caution, you will end up winning a few more if you continue to trade this system.
" Never let the past hold the future to ransom "
  • #2,367
  • Sep 11, 2009 10:08am Sep 11, 2009 10:08am
Quoting pgpb
In the last few days (since Glen posted the block way of seeing TRIX) I have made 30 trades and was successful on 29 of them.
(some I closed quite early so they were small pip gains, but
The one that did not go my way, I know exactly why (I did not follow the rules)
Geez...if this keeps up I may gain some confidence
I am still trading very small, and being quite conservative

Here is todays EURJPY trade

See you folks on Monday!
Please could you state or refer one to the rules for this system?
  • #2,368
  • Sep 11, 2009 10:10am Sep 11, 2009 10:10am
Quoting Chris_B
Hi Indrek, Glen and all the others!!

I have really to make my congratulations because the thread has made a lot of steps forward...and the system appear to be very solid and simple at the same time!!

Keep up the good work!!

Thanks! You are always welcome to trade with us whenever you get bored from scalping
  • #2,369
  • Sep 11, 2009 10:13am Sep 11, 2009 10:13am
Quoting Indrek
Thanks! You are always welcome to trade with us whenever you get bored from scalping
Sure my friend!
Next week i'll give a try to this strategy...

Scalping can be good in demo...it becomes a little bit dangerous in live acconts...
But I think that a good trader has to live with more than one strategy in his bag..
Market is like a puzzle, YOU have to fit the pieces!!
  • #2,370
  • Sep 11, 2009 10:16am Sep 11, 2009 10:16am
Quoting Chris_B
Sure my friend!
Next week i'll give a try to this strategy...

Scalping can be good in demo...it becomes a little bit dangerous in live acconts...
But I think that a good trader has to live with more than one strategy in his bag..
Absolutely! That is why I also made a quick trip to scalping world
Have a great weekend!
  • #2,371
  • Sep 11, 2009 10:19am Sep 11, 2009 10:19am
Quoting Indrek
Well done
Of course, ten trades per day can be dangerous. (Overtrading!)
Now you deserve at least a cold beer if not something stronger
Actually I feel like a kid learning to walk.....a lot of the trades went into profit about 15 pips and then starting going against me so I closed them, as I got scared.
Also, I guess it would NOT be accurate to say there were 31 trades....it is more like about 10 trades using the updatedstops EA to take 3 TP "portions"
  • #2,372
  • Sep 11, 2009 10:21am Sep 11, 2009 10:21am
Quoting aelimian
Please could you state or refer one to the rules for this system?

Rule 1: Read all of Gleneages posts
Rule 2: follow them to the letter
Rule 3: do not reinvent the wheel, if you find that you are doing something other than what he said, go back to Rule 1
  • #2,373
  • Edited 10:35am Sep 11, 2009 10:24am | Edited 10:35am
One more trade. Could not resist when all blocks turned green...
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  • #2,374
  • Sep 11, 2009 10:57am Sep 11, 2009 10:57am
I commenced trading this system yesterday. 6 trades placed. 5 profitable and 1 loss. Will be actively trading this system next week and posting charts as my confidence builds. From what I have seen so far this system has great potential. The real beauty is found in its simplicity. Have a great weekend everyone and thanks for all the help.

fxpilot
  • #2,375
  • Edited 11:17am Sep 11, 2009 11:07am | Edited 11:17am
Indrek, how do I get rid of the small white squares inside the MTF TRIX Meter 1.1d blocks? Also, what are the six timeframes you are looking at with the 1.1d? Or maybe I should ask first what they are for...
  • #2,376
  • Sep 11, 2009 11:34am Sep 11, 2009 11:34am
Quoting mary4x
Indrek, how do I get rid of the small white squares inside the MTF TRIX Meter 1.1d blocks? Also, what are the six timeframes you are looking at with the 1.1d? Or maybe I should ask first what they are for...
Sorry, I do not quite understand what white squares are you talking about? Do you mean blocks that are empty? They appear when Trix has crossed 0 but the signal has not been confirmed yet. Why do you want to get rid of them?
Six timeframes on my chart are: 5, 15, 60, 240, 1440, 30.
  • #2,377
  • Sep 11, 2009 11:41am Sep 11, 2009 11:41am
Quoting fxpilot
I commenced trading this system yesterday. 6 trades placed. 5 profitable and 1 loss. Will be actively trading this system next week and posting charts as my confidence builds. From what I have seen so far this system has great potential. The real beauty is found in its simplicity. Have a great weekend everyone and thanks for all the help.

fxpilot
Score 5 to 1 is very good if you use risk-reward ratio close to 1:1. Losses are not totally avoidable with any system but not many systems give such a hit rate as 70-80 %.
You are also correct about the simplicity. You even do not need much screen time for using this system. If you trade 5,15,60 then, in fact, you may look at your charts for some minutes per hour and that's it.
  • #2,378
  • Sep 11, 2009 11:52am Sep 11, 2009 11:52am
Indrek, I don't have a good reason for getting rid of the white squares... just wondered what they were for. If they don't contribute to my use of the indicator, then I would prefer not to have them.
  • #2,379
  • Sep 11, 2009 12:02pm Sep 11, 2009 12:02pm
Quoting mary4x
Indrek, I don't have a good reason for getting rid of the white squares... just wondered what they were for. If they don't contribute to my use of the indicator, then I would prefer not to have them.
I am afraid that only you can decide if you need them or not. I personally like to see that a possible change of direction has started. I almost never switch timeframes, that is why I want to have all necessary information on my M5.
  • #2,380
  • Sep 11, 2009 12:11pm Sep 11, 2009 12:11pm
Okay. Will watch what they do next week. Thanks.
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