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MTF Trix system

  • #2,781
  • Sep 24, 2009 4:35pm Sep 24, 2009 4:35pm
Quoting Indrek
60,15,5

Why is nobody posting losing trades?
I posted a loser on post 2725
We are all One. Be present. Be the Observer
  • #2,782
  • Sep 24, 2009 5:01pm Sep 24, 2009 5:01pm
How many pips do you guys make on average weekly?

Cheers

Jaula
  • #2,783
  • Sep 24, 2009 5:13pm Sep 24, 2009 5:13pm
Quoting Jaula
How many pips do you guys make on average weekly?

Cheers

Jaula
It's early days for me with this system and I'm only managing 1 trade per night because the recommended trading time coincides with busy family time--so at the moment I'm 100 pips plus for the week. I would be interested in seeing what longer term users are getting
Cheers
We are all One. Be present. Be the Observer
  • #2,784
  • Sep 24, 2009 5:17pm Sep 24, 2009 5:17pm
I tried twice to download the new manual but kept getting file corrupt error message. Anybody else having this problem?
We are all One. Be present. Be the Observer
  • #2,785
  • Sep 24, 2009 5:28pm Sep 24, 2009 5:28pm
Quoting Iamfx
I tried twice to download the new manual but kept getting file corrupt error message. Anybody else having this problem?
Opened it without a problem. Try saving it and then opening it with adobe or foxit reader.

cheers

jaula
  • #2,786
  • Sep 24, 2009 5:53pm Sep 24, 2009 5:53pm
Quoting Jaula
Opened it without a problem. Try saving it and then opening it with adobe or foxit reader.

cheers

jaula
Worked now---third time lucky--there goes another 4 meg on my download limit
We are all One. Be present. Be the Observer
  • #2,787
  • Sep 24, 2009 6:11pm Sep 24, 2009 6:11pm
Quoting Jaula
How many pips do you guys make on average weekly?

Cheers

Jaula
Just saw in new manual that Gleneagles makes around 30% per month with this method. Might be worth a read
Cheers
We are all One. Be present. Be the Observer
  • #2,788
  • Sep 24, 2009 6:53pm Sep 24, 2009 6:53pm
any body watching the big move south bound on the EJ roight now !!!
  • #2,789
  • Sep 24, 2009 7:04pm Sep 24, 2009 7:04pm
Same down spike on the USDJPY. And on the GBPJPY.
  • #2,790
  • Sep 24, 2009 7:04pm Sep 24, 2009 7:04pm
Quoting maxwell-eqtn
any body watching the big move south bound on the EJ roight now !!!
+170pips on GY. Nice drop.
  • #2,791
  • Sep 24, 2009 8:29pm Sep 24, 2009 8:29pm
Quoting Indrek
Seems quite strange that the difference in daily pivots is around 30 pips...

BTW: Why did you repost my chart?
I found the problem and I have the same pivot setting with you now.

Repost your chart just want to show if obey the principle shown from the manual, it was not a good signal. Nothing special.
  • #2,792
  • Sep 24, 2009 8:35pm Sep 24, 2009 8:35pm
Quoting harar
Hi
It is indeed a perfect simple system BUT it is missing an alert when two or three blocks same color line up

Yes, an alert would be nice.
  • #2,793
  • Edited Sep 25, 2009 12:39am Sep 24, 2009 11:59pm | Edited Sep 25, 2009 12:39am
Quoting Iamfx
Just saw in new manual that Gleneagles makes around 30% per month with this method. Might be worth a read
Cheers
This is not exactly what Glen has said. Read his previous post where he touched the topic - http://www.forexfactory.com/showpost...postcount=2689.
He is not saying that he is making 30 % but is speaking theoretically.
Nobody can promise you that you can make 30 % with any system. It is just a possibility if you are really good at trading. And the "really good" level may be achieved during years of practice. There are always good chances to lose your account even with a perfect trading system.
  • #2,794
  • Sep 25, 2009 12:01am Sep 25, 2009 12:01am
Quoting Wakayama
Repost your chart just want to show if obey the principle shown from the manual, it was not a good signal. Nothing special.
Ok. But we were speaking about number 1 and 2 on your chart, which were both winners.
  • #2,795
  • Sep 25, 2009 12:06am Sep 25, 2009 12:06am
Quoting darkness
+170pips on GY. Nice drop.
Post your chart, please. +170 is sth that all people would like to see with their own eyes Plus, it would be a good motivation for anyone.
  • #2,796
  • Edited 1:19am Sep 25, 2009 12:55am | Edited 1:19am
Quoting Indrek
This is not exactly what Glen has said. Read his previous post where he touched the topic - http://www.forexfactory.com/showpost...postcount=2689.
He is not saying that he is making 30 % but is speaking theoretically.
Nobody can promise you that you can make 30 % with any system. It is just a possibility if you are really good at trading. And the "really good" level may be achieved during years of practice. There are always good chances to lose your account even with a perfect trading system.
Quote Gleneagles “ Account growth is relative to risk/trade and pips gained, compounding or not
compounding, investment account with no withdrawals or income account with withdrawals etc.
At 2% risk per trade, compounding with no withdrawals, I look at a return of 1K = 23K over a
period of 12 months. It is approximately 30%/month on average.”
Your risk profile and personal circumstances will dictate how you should trade, in the end it is a
personal choice.”
Seems to me that Glen is making that amount. I do realise that not everybody can trade like Glen but its a reasonable target to aim for. In a recent scientific study it was found that people with seemingly unreal expectations did way better than those that had more "realistic sensible" expectations. So the higher you aim the better you do.
http://www.myfxbook.com/members/only85/only/544 Here is a link to a site where traders think that 30% is paltry
Also would it be possible to put on post#1 the 3 zip files of the 3 versions of mtf trix meter. I think it would be easier for newcomers.
Cheers
We are all One. Be present. Be the Observer
  • #2,797
  • Sep 25, 2009 1:53am Sep 25, 2009 1:53am
Quoting Iamfx
Seems to me that Glen is making that amount. I do realise that not everybody can trade like Glen but its a reasonable target to aim for. In a recent scientific study it was found that people with seemingly unreal expectations did way better than those that had more "realistic sensible" expectations. So the higher you aim the better you do....
I am not sure if a professional trader calculates his incomes like this.
Percentage of account shows sth if you have a very small account (under 10 000 USD). But when your account grows then you probably start withdrawing sums from it, you trade different systems and you most probably do not use 100 % of your account size in everyday trading.
Achieving 30 % per month permanently would mean that in 3 years your account of 2000 USD (that is a good size to start with, I guess) will grow to almost 20 million USD. Have you met many people who have achieved sth like this?
Attached is a simple calculation
Attached File(s)
File Type: xls 30 % per month.xls   15 KB | 472 downloads
  • #2,798
  • Sep 25, 2009 2:13am Sep 25, 2009 2:13am
Page 11 of the manual is a direct quote of post 2689. I have no reason to doubt Glen's abilities, and he is yet to put anything onto the forum that is not 100% gold. Perhaps not all traders are up to his standard, but we are all the better for his assistance. I certainly aspire to join the 30%PM club!
How do you make a small fortune in Forex? Start with a large one!
  • #2,799
  • Edited 3:08am Sep 25, 2009 2:24am | Edited 3:08am
Quoting paidperpip
Page 11 of the manual is a direct quote of post 2689. I have no reason to doubt Glen's abilities, and he is yet to put anything onto the forum that is not 100% gold. Perhaps not all traders are up to his standard, but we are all the better for his assistance. I certainly aspire to join the 30%PM club!
Sure Who could say that setting high goals is wrong?

I have traded live only for 1,5 years and find it too early to have very big dreams.
What I wanted to say by my previous posts is that we should concentrate on trading issues not monetary dreams, and after one year of trading we can compare how much anyone has made
Let us agree that by the very end of September, 2010 we make first balancing of our accounts.
  • #2,800
  • Sep 25, 2009 2:30am Sep 25, 2009 2:30am
GBPUSD 60-15-5 bailed out at +4, didn't like the price action, as soon as I got out it shot up!
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