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MTF Trix system

  • #2,501
  • Sep 15, 2009 4:15pm Sep 15, 2009 4:15pm
Quoting Indrek
A late one.
SL was 30, TP1 15, TP2 30.
hi Indrek

Are you using Expert Advisor(EA)

if yes can you please provide it to me?

It was very difficult to find Indicators from attachment to the threads. i find but some does not work. in i did not find EA.

Regards
  • #2,502
  • Sep 15, 2009 4:25pm Sep 15, 2009 4:25pm
Quoting paidperpip
I believe this is the 'Hard Stop' setting in the EA? The 'Move Stop' setting allows you to move the stop to Breakeven and the 'Trailing Stop' is just that. I think Glen has recommended that if you use the 'Trailing Stop' function, make sure it is set in excess of TP1 at least.

Regs
I know what Hardstop is, i am not sure what to put in the other two settings

See attached image

I am clear about all the other settings.
I have 20 put into move stop.....does that mean the stop will move 20 pips once in profit?
Attached Image
  • #2,503
  • Sep 15, 2009 4:32pm Sep 15, 2009 4:32pm
Quoting pgpb
I know what Hardstop is, i am not sure what to put in the other two settings

See attached image

I am clear about all the other settings.
I have 20 put into move stop.....does that mean the stop will move 20 pips once in profit?
Thats my understanding, yes. I notice that the manual has the 'Move Stop' and 'Trailing Stop' as the same figure... So, once a trade has progressed (say) 25 pips, 'Move Stop' will take you to 'breakeven', and 'Trailing Stop' will follow along behind at 25 pips. Page 6 of the manual has the 'suggested' settings.

Notice that these settings are also the same as the TP1. This way, should a trend retrace and trigger either of these stops, you have still managed to secure TP1.

Regs
How do you make a small fortune in Forex? Start with a large one!
  • #2,504
  • Sep 15, 2009 5:23pm Sep 15, 2009 5:23pm
Quoting paidperpip
Thats my understanding, yes. I notice that the manual has the 'Move Stop' and 'Trailing Stop' as the same figure... So, once a trade has progressed (say) 25 pips, 'Move Stop' will take you to 'breakeven', and 'Trailing Stop' will follow along behind at 25 pips. Page 6 of the manual has the 'suggested' settings.

Notice that these settings are also the same as the TP1. This way, should a trend retrace and trigger either of these stops, you have still managed to secure TP1.

Regs
On the image on page 6 of the manual you can see the settings for "hard stop (40)", and "move stop (25)" but in the manual I can not see what his setting is for "trailing stop"
  • #2,505
  • Sep 15, 2009 5:59pm Sep 15, 2009 5:59pm
Quoting pgpb
On the image on page 6 of the manual you can see the settings for "hard stop (40)", and "move stop (25)" but in the manual I can not see what his setting is for "trailing stop"
Page 8, TS (Trailing Stop) = 25 pips.
TTFN Merlyn
  • #2,506
  • Sep 15, 2009 6:15pm Sep 15, 2009 6:15pm
Quoting Merlyn
Page 8, TS (Trailing Stop) = 25 pips.
thx Merlyn!!
(we will soon start saying....RTFM)
:-)
  • #2,507
  • Sep 15, 2009 9:17pm Sep 15, 2009 9:17pm
If you would like to use the multi-timeframe trix meter indicator, you are suggested to use one of the versions listed:
(1) Trix MTF meter roy 05 showing confirmed signals
(2) MTF_Trix_Meter_1.0d or MTF_Trix_Meter_1.1d
(3) MTF_Trix_Meter_0.91d or MTF_Trix_Meter_0.92d
The first one was coded by Royston and others by xecret.
Royston's version shows you the comfirmed signals. It shows you the status of the privious closed bar of the upper timeframe, so it never changes color during the current bar developing. If you care more on comfirmed signal and cleaness and do not care the uncomfirmed ongoing status, please use Royston's version.
About xecret's four versions:
0.91d and 0.92d are the same version, and 0.91d is better than 0.92d. The thing is 0.91d may have problem in some OS other than WinXP, so if 0.91d is not working, you may take 0.92d instead. The same situation applies to 1.0d and 1.1d.
All xecret's four versions show you the status of the current upper timeframe bar, so the color may be changing during the bar developing. Once the upper timeframe bar closes, you get the color frozen, and you get a small dot on the lower timeframe bar.
0.91d/0.92d shows you a solid block if there comes a comfirmed signal. At other time, you get hollow blocks.
1.0d/1.1d shows you a solid block when there is a comfirmed signal and it keeps showing you solid blocks if the signal remains effective. Hollow blocks in this version stand for uncomfirmed signal.
Here a pic is attached showing the differences among these versions. And for your convenience all versions are attached again.
Cheers.
xecret
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-09-16_095718.png Size: 24 KB
Attached File(s)
File Type: zip Trix MTF meter roy 05 showing confirmed signals.zip   13 KB | 1,321 downloads
File Type: zip MTF_Trix_Meter 1.0d and 1.1d.zip   32 KB | 1,160 downloads
File Type: zip MTF_Trix_Meter 0.91d and 0.92d.zip   37 KB | 952 downloads
  • #2,508
  • Sep 15, 2009 10:03pm Sep 15, 2009 10:03pm
Quoting rgontar
Hi there,
What's the name of this indi that you have on the bottom of your chart?

Thanx

Hi rgontar,

The indi is :
Trix MTF meter roy 05 showing confirmed signals

Happy profitable trading
  • #2,509
  • Sep 16, 2009 12:35am Sep 16, 2009 12:35am
Quoting wajid
hi Indrek

Are you using Expert Advisor(EA)

if yes can you please provide it to me?

It was very difficult to find Indicators from attachment to the threads. i find but some does not work. in i did not find EA.

Regards
I use Quik_Trailing.

It is very easy to find indicators. Click the paperclip at the right upper corner of the page, then click "Hide images" and you see only indicators, templates, EAs.

I for sure posted Quik_Trailing in this thread.
  • #2,510
  • Sep 16, 2009 3:20am Sep 16, 2009 3:20am
Quoting Indrek
I use Quik_Trailing.

It is very easy to find indicators. Click the paperclip at the right upper corner of the page, then click "Hide images" and you see only indicators, templates, EAs.

I for sure posted Quik_Trailing in this thread.
Hi Indrek

I could not found Quik_Trailing in attachments.

can you post it here With all of your Indicator and templet which you are using here.
Thanks in advance

Regards.
  • #2,511
  • Sep 16, 2009 3:26am Sep 16, 2009 3:26am
Quoting wajid
Hi Indrek

I could not found Quik_Trailing in attachments.

can you post it here With all of your Indicator and templet which you are using here.
Thanks in advance

Regards.
Please, use the paperclip! It is not too difficult to do.

If we post every single indicator over and over again then we make it very difficult for other people to find anything. Please, have some respect towards others.
  • #2,512
  • Sep 16, 2009 3:29am Sep 16, 2009 3:29am
Quoting wajid
Hi Indrek

I could not found Quik_Trailing in attachments.

can you post it here With all of your Indicator and templet which you are using here.
Thanks in advance

Regards.
Here's a hint wajid, go to the paperclip, hide images and then go to page 2, you will find it there
  • #2,513
  • Sep 16, 2009 3:32am Sep 16, 2009 3:32am
Quoting luckylady
Here's a hint wajid, go to the paperclip, hide images and then go to page 2, you will find it there
I explained it two posts ago...
  • #2,514
  • Sep 16, 2009 3:37am Sep 16, 2009 3:37am
Yes but you didn't say page 2
  • #2,515
  • Sep 16, 2009 6:36am Sep 16, 2009 6:36am
If we get a 5/15/60 blue blocks signal and the previous bar high has a lower high than the signal candle. must we enter the trade 2 pips above the new high ??

dutch signals
Attached Image
  • #2,516
  • Sep 16, 2009 6:47am Sep 16, 2009 6:47am
Quoting dutchsignals
If we get a 5/15/60 blue blocks signal and the previous bar high has a lower high than the signal candle. must we enter the trade 2 pips above the new high ??

dutch signals
The only thing that matters is the high of the signal candle.

The candle before the signal candle is involved in Lrathi's interpretation but I am not sure if it is relevant to the system. At least I have never paid attention to it.
  • #2,517
  • Sep 16, 2009 7:30am Sep 16, 2009 7:30am
Thanks for your answer Indrek

Happy trading
  • #2,518
  • Sep 16, 2009 7:59am Sep 16, 2009 7:59am
Quoting Indrek
The only thing that matters is the high of the signal candle.

The candle before the signal candle is involved in Lrathi's interpretation but I am not sure if it is relevant to the system. At least I have never paid attention to it.
Hi Indrek

Here is chart attached please can u explain where to place long?

As Lrathi discribed we should place long at 1.6488 am i right?

you told that only high of signal candel maters. do you mean we should enter on the close of the signal candel or when high of signal candel is hit again( if candel close lower than its high)?
Attached Image
  • #2,519
  • Sep 16, 2009 8:07am Sep 16, 2009 8:07am
Quoting wajid
Hi Indrek

Here is chart attached please can u explain where to place long?

As Lrathi discribed we should place long at 1.6488 am i right?

you told that only high of signal candel maters. do you mean we should enter on the close of the signal candel or when high of signal candel is hit again( if candel close lower than its high)?
Wait until signal candle is closed and then enter at signal candle's high + 2 pips. Do not enter authomatically at the close of the signal candle but enter next time you see that the price hits high + 2.
The setup has nothing to do with previous candle.
  • #2,520
  • Sep 16, 2009 8:14am Sep 16, 2009 8:14am
Quoting wajid
Hi Indrek

Here is chart attached please can u explain where to place long?

As Lrathi discribed we should place long at 1.6488 am i right?

you told that only high of signal candel maters. do you mean we should enter on the close of the signal candel or when high of signal candel is hit again( if candel close lower than its high)?
Wajid, I use the Trix Meter from Royston that shows confirmed trix signals
So I am less familiar with the one you are using, but I believe you do not have a confirmed signal on the 60 trix until about 6 blocks further along (when you get a solid block)

I would also encourage you to read the manual and read the manual and read the manual, for your own benefit, you will "know" things deeper if you figure it out for yourself. In the grand scheme of things you are looking for 3 confirmed blocks, and then enter if the next candle is going in your direction....it is not any more complicated than that. You will get lost in the minutia if you try to analize the fine details

3 confirmed blocks lined up, and then draw a horizontal line where the candle closes....enter a few pips above (for longs) that

You may want to use the Trix Meter from royston if you are not clear on what a confirmed block is on the other trix

Best wishes

PGPB
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