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MTF Trix system

  • #2,521
  • Sep 16, 2009 8:17am Sep 16, 2009 8:17am
Quoting Indrek
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.
Check out this:

http://www.forexfactory.com/showpost...postcount=2150
  • #2,522
  • Edited 8:43am Sep 16, 2009 8:27am | Edited 8:43am
Quoting angus
Check out this:

http://www.forexfactory.com/showpost...postcount=2150
I am talking about SIGNAL CANDLE! Put the Scalper Signals to your chart and you see arrows. The signal candle is then the candle with an arrow.

I am not speaking about blocks, I am speaking about signals. The Roy05 indicator shows the signals in a different way than the indicators by xecret. But the signal candle is always the same undependently on what MTF indicator you use.

Here is a sample chart. The upper MTF is Roy 05, the lower is xecret's 1.1. As you see, they show signals differently. It is your choice wich of them you prefer to use but THE ONLY IMPORTANT THING is to identify signal candles that are marked with arrows on the main chart.
As simple as that, explained here before several times.
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  • #2,523
  • Sep 16, 2009 8:30am Sep 16, 2009 8:30am
Hi,

How long is a signal valid??
for example see chart below where we seen that the next candle don't trigger the limitorder.
Attached Image
  • #2,524
  • Sep 16, 2009 8:37am Sep 16, 2009 8:37am
This might help some to understand.
Attached Image (click to enlarge)
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I trade what I see on my charts. Do Not listen to the Muppets.
  • #2,525
  • Sep 16, 2009 8:41am Sep 16, 2009 8:41am
Quoting dutchsignals
Hi,

How long is a signal valid??
for example see chart below where we seen that the next candle don't trigger the limitorder.
In general, a signal is valid until you will have an opposite signal.
  • #2,526
  • Sep 16, 2009 8:48am Sep 16, 2009 8:48am
Quoting Indrek
I am talking about SIGNAL CANDLE! Put the Scalper Signals to your chart and you see arrows. The signal candle is then the candle with an arrow.

I am not speaking about blocks, I am speaking about signals. The Roy05 indicator shows the signals in a different way than the indicators by xecret. But the signal candle is always the same undependently on what MTF indicator you use.

Here is a sample chart. The upper MTF is Roy 05, the lower is xecret's 1.1. As you see, they show signals differently. It is your choice wich of...
You missed the point because Dutchsignals was asking you about the block method.
  • #2,527
  • Sep 16, 2009 8:52am Sep 16, 2009 8:52am
Quoting angus
You missed the point because Dutchsignals was asking you about the block method.
"Block method" depends on what indicator you use. So, the only point here is to understand what is a signal candle, and that signal candle is the center of the setup, not previous one.
To avoid confusion, it is better to have arrows on the chart. And to start demo trading actively. Then everything will be clear after 2-3 trades, I guess
  • #2,528
  • Sep 16, 2009 9:09am Sep 16, 2009 9:09am
Quoting pgpb
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....
I am usig Trix MTF meter roy 05 showing confirmed signals.

are you talking about this indicator?


-----
Wajid
  • #2,529
  • Sep 16, 2009 9:12am Sep 16, 2009 9:12am
Quoting wajid
I am usig Trix MTF meter roy 05 showing confirmed signals.

are you talking about this indicator?


-----
Wajid
You're mistaken wajid, because that one doesn't have hollow blocks, it only shows confirmed signals so it has either red or green blocks nothing in between.
  • #2,530
  • Sep 16, 2009 9:36am Sep 16, 2009 9:36am
Quoting luckylady
You're mistaken wajid, because that one doesn't have hollow blocks, it only shows confirmed signals so it has either red or green blocks nothing in between.

Go to attachments.

find best indicator forme Right click on then click on copy link location and the post link here in thread it will not increase attachments and my problem will also be solved.

Thanks. or please email me at [email protected]

I shell be highly thankful to you.

Wajid
  • #2,531
  • Sep 16, 2009 10:09am Sep 16, 2009 10:09am
Quoting wajid
Go to attachments.

find best indicator forme Right click on then click on copy link location and the post link here in thread it will not increase attachments and my problem will also be solved.

Thanks. or please email me at [email protected]

I shell be highly thankful to you.

Wajid
there is no "best indicator" there are different trix indicators that have different functionality. If you do not know the difference between a confirmed signal on trix, then using the royston indicator would be a good idea

The indicator is on the paperclip
See image
Attached Image
  • #2,532
  • Sep 16, 2009 10:16am Sep 16, 2009 10:16am
Quoting pgpb
GBPUSD
60 15 5

+20 +30 +20

up around 500 pips in the last 5 days
Hi PGPB,

Nice trading. Could you say your entry point. It's not clear on your chart. I am using the 60-15-5 system, and my charts did not show that setup. Three blocks were not aligned. I am just trying to make sure that I have the correct setup. Thank you.

fxpilot
  • #2,533
  • Sep 16, 2009 10:16am Sep 16, 2009 10:16am
Hi PGPB,

In your post 2526 you get a sellsignal when all your 5-15-60 blocks are red.

But I get only 2 blocks red? 5 and 15.

I am using the template of Gleneagles is there something wrong with my settings..
what template or indicators are you using?

thanks for your help
willem-Dutchsignals
Attached Image
  • #2,534
  • Sep 16, 2009 10:17am Sep 16, 2009 10:17am
Quoting pgpb
GBPUSD
60 15 5

+20 +30 +20

up around 500 pips in the last 5 days
Hi Pgdp, are you using any EA or you are scraping it manually? Thanks
  • #2,535
  • Sep 16, 2009 10:35am Sep 16, 2009 10:35am
Quoting freedomsg
Hi Pgdp, are you using any EA or you are scraping it manually? Thanks
I am using "updatestops" EA which splits the trade into four parts.
Lrathi covers it in the manual
  • #2,536
  • Sep 16, 2009 10:48am Sep 16, 2009 10:48am
Quoting pgpb
there is no "best indicator" there are different trix indicators that have different functionality. If you do not know the difference between a confirmed signal on trix, then using the royston indicator would be a good idea

The indicator is on the paperclip
See image
Thanks PGPB for your help.
  • #2,537
  • Sep 16, 2009 11:33am Sep 16, 2009 11:33am
Quoting dwayneyboy
Same here Dutch. It might be different feeds on brokers but mines the same as yours (IBFX)
Hi Douchtrader and Dwaynenboy

I use IBFX
I think Indicators matters not Broker.

Here are two charts with different indicators on same time check it and compair to post 2526 pgpb
Attached Images
  • #2,538
  • Sep 16, 2009 11:44am Sep 16, 2009 11:44am
pgpb has already said in a few posts further up that sometimes he looks at the 240 minutes as well or the 30min. Its entirely up to you to decide which indicators work best for YOU. Waiting for confirmation of the 1hr is not always going to be the best decision, sometimes it signals at the last minute just before it turns around again, just like its not always going to be the best decision going before the 1hr confirms. Try it out on demo and try the different scenarios and see which works best for you.
  • #2,539
  • Sep 16, 2009 11:49am Sep 16, 2009 11:49am
HI Wajid,

I use Metatrader Alpari uk

I have the same settings in your second chart that you show in the post here above

Dutchsignals
  • #2,540
  • Sep 16, 2009 12:00pm Sep 16, 2009 12:00pm
Quoting dutchsignals
HI Wajid,

I use Metatrader Alpari uk

I have the same settings in your second chart that you show in the post here above

Dutchsignals
It turns out that I had saved my 240 15 5 template as 60 15 5

So in actual fact the trade that I took was a 240 15 5

I was wondering what the heck was going ont

I am going to delete the original post as it creates a lot of confusion
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