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MTF Trix system

  • #2,581
  • Sep 17, 2009 10:42pm Sep 17, 2009 10:42pm
Quoting studbiol
Hi Wajid,

perhaps there is a little help for you how to get a couple of indicators into one indicator-window:

1. Choose an indicator and open an indicator-window
2. Choose a second indicator and click once with the left mouse button. Now the name of the indicator is marked.
3. Click with your right mouse button on the marked indicator and drag it into your indicator-window where you have your first indicator.

When you take the TRIX-indicators into one window you have to change the second number (in attached example it is 95) to different...
Realy you solved my problem.

Tkanks.
  • #2,582
  • Sep 17, 2009 10:58pm Sep 17, 2009 10:58pm
NEAR Friday, September 18, 2009 at 00:00:00 GMT

Please check ART and RmUp

Which one we shold consider ATR or RmUp to be green.
for Entry
Attached Image (click to enlarge)
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  • #2,583
  • Sep 17, 2009 11:14pm Sep 17, 2009 11:14pm
Quoting wajid
Please check ART and RmUp

Which one we shold consider ATR or RmUp to be green.
for Entry
Both.
  • #2,584
  • Sep 18, 2009 12:24am Sep 18, 2009 12:24am
Quoting Dewey McG
I am not sure if this is it, but maybe because you are using a 5 digit broker it is reading the 25 pips as 2.5

That is what I suspected but she mentioned that it worked at some stage with the same settings.
" Never let the past hold the future to ransom "
  • #2,585
  • Sep 18, 2009 12:43am Sep 18, 2009 12:43am
Quoting Indrek
I remember reading from somewhere that the setting "BrokerEuroSymbol" is meant for specifying if you have a 4- or 5-digit broker. If it is 5-digit then there should be some small letter after the pair's name - EURUSDy or EURUSDm or sth like this.

I think that is for a mini account.
" Never let the past hold the future to ransom "
  • #2,586
  • Sep 18, 2009 1:15am Sep 18, 2009 1:15am
GBPUSD

Daily at key support level.

618 fib level.

Price bounced there once already.
Attached Image (click to enlarge)
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" Never let the past hold the future to ransom "
  • #2,587
  • Sep 18, 2009 2:36am Sep 18, 2009 2:36am
GBPUSD 60 15 5
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_05 Sep. 18 09.32.gif Size: 17 KB
" Never let the past hold the future to ransom "
  • #2,588
  • Sep 18, 2009 2:46am Sep 18, 2009 2:46am
Was with you on that last trade, thanks Glen.
  • #2,589
  • Sep 18, 2009 2:48am Sep 18, 2009 2:48am
Going for smaller pips today because the pairs have moved 100+ already
Attached Image (click to enlarge)
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" Never let the past hold the future to ransom "
  • #2,590
  • Sep 18, 2009 3:54am Sep 18, 2009 3:54am
Hi,

First post on this thread so I wish to say thanks to Indrek, Gleneagles, lrathi, Swingman, Royston, Xecret and others who have helped develop this system and are kindly sharing.

Attached are my first trades. This is morning UK time.

For the first, I took the 7am London time signal (when many London FX traders start I heard). Then price immediately moved away and I manually closed after an opposite signal.

1 - Glen or other London open traders, do you avoid 7am since the trend may turn at that time? I guess I'll discover over time but if anyone already has an opinion I'd be interested.

2 - Was I correct in closing after seeing the opposite signal, as a general rule? If I'd stuck through the drawdown in this particular trade, it would have won - but that's just one example.

For the second trade I got a little nervous when S2 appeared (I guess AutoPivots must create this as PA bounces?). But stuck with it for +15. Small TPs to begin with.

3 - I wish to keep things simple to start with and use a fixed single TP. In this case should I use the TP1 in the manual, 25? Or will the R:R combined with hit rate result in negative performance? Again, any guidance on this much appreciated.

Thanks again

Attached Image (click to enlarge)
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  • #2,591
  • Edited 5:18am Sep 18, 2009 4:42am | Edited 5:18am
[quote=saylu;3071058]Hi,


1 - Glen or other London open traders, do you avoid 7am since the trend may turn at that time? I guess I'll discover over time but if anyone already has an opinion I'd be interested.

2 - Was I correct in closing after seeing the opposite signal, as a general rule? If I'd stuck through the drawdown in this particular trade, it would have won - but that's just one example.

For the second trade I got a little nervous when S2 appeared (I guess AutoPivots must create this as PA bounces?). But stuck with it for +15. Small TPs to begin with.

3 - I wish to keep things simple to start with and use a fixed single TP. In this case should I use the TP1 in the manual, 25? Or will the R:R combined with hit rate result in negative performance? Again, any guidance on this much appreciated.

Thanks again

1) No, I do not avoid the LDN open time. I look at the general trend before 06H00 GMT as well as the trading range at that time. If the pair has moved 100 pips + or close to 80% of the average range, a reversal/consolidation is likely. It can be bouncy at start of trading the LDN/EUR open but if you follow the trend direction from MTF, you will be right most of the time.

2) You will have times when you trade 60 15 5 when the 5m TF may signal against your trade. I will generally not just close the trade unless a major pivot/fib/SR level has caused the retracement.

3) This week was a quite tough because of messy range trading and choppy price action. It was a good idea to go for smaller profit targets. Smaller stops will get hit more often, bigger stops are more expensive. Nothing wrong with targeting smaller TP or better still , move stop to BE after 15-20 pips or TP1 and try to grab a few extra pips. Unfortunately I don`t have a solution that will cater for all market conditions.
" Never let the past hold the future to ransom "
  • #2,592
  • Sep 18, 2009 4:44am Sep 18, 2009 4:44am
This was a very nice stress free trade--Update stops working OK
Attached Image (click to enlarge)
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We are all One. Be present. Be the Observer
  • #2,593
  • Sep 18, 2009 5:57am Sep 18, 2009 5:57am
Quoting Iamfx
This was a very nice stress free trade--Update stops working OK
Nice smooth PA on AUD today.

It seems some people have problems with BE function and /or TS function. Did you try it out?
" Never let the past hold the future to ransom "
  • #2,594
  • Sep 18, 2009 6:22am Sep 18, 2009 6:22am
Quoting Gleneagles
Nice smooth PA on AUD today.

It seems some people have problems with BE function and /or TS function. Did you try it out?
BE seems to be working OK. I just PM'd Robdee and asked if he could drop into the thread--so hopefully
We are all One. Be present. Be the Observer
  • #2,595
  • Sep 18, 2009 6:29am Sep 18, 2009 6:29am
Quoting Iamfx
BE seems to be working OK. I just PM'd Robdee and asked if he could drop into the thread--so hopefully
I have had no problems with BE function. I normally set TS manually, it is possible that TS settings on EA should be 200 and not 20 for 20 pips TS on 5 digit platform. It will be great if Rob can explain/assist.
" Never let the past hold the future to ransom "
  • #2,596
  • Sep 18, 2009 7:42am Sep 18, 2009 7:42am
Quoting wajid
NEAR Friday, September 18, 2009 at 00:00:00 GMT

Please check ART and RmUp

Which one we shold consider ATR or RmUp to be green.
for Entry

Hi Wajid,

a little explanation http://www.forexfactory.com/showpost...postcount=2346

Good luck

If there are pips you can collect - just do it!
  • #2,597
  • Sep 18, 2009 8:28am Sep 18, 2009 8:28am
I took only one trade today using another system (breakout). Afterwards discovered that it matched with MTF Trix signals very well, so I show it here
Attached Image (click to enlarge)
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  • #2,598
  • Sep 18, 2009 9:47am Sep 18, 2009 9:47am
hi

i could not use templets for all pairs and crosses

I can only use for EUR/USD, GBR/USD GBR/YEN.

It does not work for EUR/YEN AUD/USD USD/CHF when i use this indicators in hangs my MT4.

I also reduced my count bars to 100.

Any Suggestion.
  • #2,599
  • Sep 18, 2009 9:53am Sep 18, 2009 9:53am
I like to look for trades where the pair is extended, betting on a pullback towards "center". These trades are NOT in conformance with this system as the three times are NOT lined up. Just an observation for consideration.On the EU, the lines are 20 pips away from a 79 Moving Average. Quite interesting the hit rate for at least 5-10 pips after the arrow appears.
Quoting Indrek
I took only one trade today using another system (breakout). Afterwards discovered that it matched with MTF Trix signals very well, so I show it here
Attached Image (click to enlarge)
Click to Enlarge Name: eu 9-18-09.gif Size: 50 KB
  • #2,600
  • Sep 18, 2009 10:00am Sep 18, 2009 10:00am
Quoting paradoxical
I like to look for trades where the pair is extended, betting on a pullback towards "center". These trades are NOT in conformance with this system as the three times are NOT lined up. Just an observation for consideration.On the EU, the lines are 20 pips away from a 79 Moving Average. Quite interesting the hit rate for at least 5-10 pips after the arrow appears.
General and the most important principle is: whatever works for you is

I am unfortunately not able to use MAs, Bollinger Bands or stuff like this effectively. I feel like a blind person when looking at these. Blocks and arrows are OK for me

Maybe you should open a friendly thread to discuss your setup? Or is there already sth like this presented in FF?
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