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MTF Trix system

  • #2,901
  • Sep 28, 2009 10:17am Sep 28, 2009 10:17am
Quoting ForexHunter
Sorry to disturb you guys, but I am confused with the filled box, filled fox with white dot and unfilled box. What are their differences? I've tried this system twice and they work wonderfully. But my entrance happened when D1 and H4 are going the same direction, then I enter when 5M, 15M, 30M and 60M are red (either filled, unfilled or filled with a dot).

See the manual / .PDF attached the the first post of this thread.

That will answer alot of your questions.
I trade what I see on my charts. Do Not listen to the Muppets.
  • #2,902
  • Edited 11:40am Sep 28, 2009 10:49am | Edited 11:40am
Quoting pipstroll
Why i can't seem to be able to post anymore? Did I broke any rule?

Regs,
I did not understand your question... What does it mean that you cannot post??? I see your posts...

Your alert indicators have been very welcome and there is absolutely no rule that you could break with such a contribution

  • #2,903
  • Sep 28, 2009 11:13am Sep 28, 2009 11:13am
EURJPY

60 15 5

Results : 20 + 3 + 3 = 26
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy28.09.gif Size: 16 KB
  • #2,904
  • Sep 28, 2009 11:16am Sep 28, 2009 11:16am
GBPJPY

60 15 5

Results : 25 + 3 + 3 = 31
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy28.09.gif Size: 16 KB
  • #2,905
  • Sep 28, 2009 11:19am Sep 28, 2009 11:19am
GBPUSD

60 15 5

Results : 20 + 35 + 19 = 74
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd28.09.gif Size: 14 KB
  • #2,906
  • Sep 28, 2009 11:30am Sep 28, 2009 11:30am
Quoting Indrek
I did not understand your question... What does it mean that you cannot post??? I see your posts...
Sorry, my fault

Seems like there was error with my connection. It's okay now.
  • #2,907
  • Sep 28, 2009 12:08pm Sep 28, 2009 12:08pm
So we can use an alert for 30-5 60-15-5 and 240-15-5 now.

Thx to Pipstroll, good work. And I made 3 indis for the 3 kinds of signal mentioned above. Based on Pipstroll's work.

Check them plz!!

Attached File(s)
File Type: mq4 MTF Trix alert 30 5.mq4   3 KB | 734 downloads

Attached File(s)
File Type: mq4 MTF Trix alert 60 15 5.mq4   3 KB | 773 downloads

Attached File(s)
File Type: mq4 MTF Trix alert 240 15 5.mq4   3 KB | 680 downloads
  • #2,908
  • Sep 28, 2009 12:12pm Sep 28, 2009 12:12pm
Quoting Indrek
I did not understand your question... What does it mean that you cannot post??? I see your posts...

Your alert indicators have been very welcome and there is absolutely no rule that you could break with such a contribution

Thx, I see now that the error was with my internet connection.
  • #2,909
  • Sep 28, 2009 12:12pm Sep 28, 2009 12:12pm
These are my modifications of Pipstroll's indicators. And with these you also see what setup an alert belongs to.
Attached Image
Attached File(s)
File Type: mq4 MTF signal 60,15,5.mq4   3 KB | 762 downloads
File Type: mq4 MTF signal 30,5.mq4   3 KB | 585 downloads
  • #2,910
  • Sep 28, 2009 12:15pm Sep 28, 2009 12:15pm
Quoting Wakayama
So we can use an alert for 30-5 60-15-5 and 240-15-5 now.

Thx to Pipstroll, good work. And I made 3 indis for the 3 kinds of signal mentioned above. Based on Pipstroll's work.

Check them plz!!

Attachment
Attachment
Attachment
It seems that many of us are inspired by Pipstroll's work

BTW: three alerting indicators at a time is maybe too much as all these give signals whenever M5 signal confirms. So, with every M5 change we will have 3 alerts per pair. If to trade many pairs then it is a mess probably, especially with ranging markets?
  • #2,911
  • Sep 28, 2009 12:24pm Sep 28, 2009 12:24pm
Quoting Indrek
It seems many of us are inspired by Pipstroll's work

BTW: three alerting indicators at a time is maybe too much as all these give signals whenever M5 signal confirms. So, with every M5 change we will have 3 alerts at the same time. If to trade many pairs then it is a mess probably, especially with ranging markets?
Yes, totally right. So These indis only give us the possibility of trade, not trade itself.

BTW: Congratulations Indrek. This trade idea finally has its own indi. It's really helpful and saving our time.
  • #2,912
  • Sep 28, 2009 12:33pm Sep 28, 2009 12:33pm
They are working now. thanks to Pipstroll for that and to Indrek for the modification
  • #2,913
  • Sep 28, 2009 12:48pm Sep 28, 2009 12:48pm
Quoting harar
They are working now. thanks to Pipstroll for that and to Indrek for the modification
When using my modification, keep in mind that it was first time in my life when I touched a code. And I will not return the money that you lose with the indicator
  • #2,914
  • Sep 28, 2009 12:54pm Sep 28, 2009 12:54pm
Quoting harar
They are working now. thanks to Pipstroll for that and to Indrek for the modification
You're welcome.

Glad to know that I can still contribute to others.

Regs,
  • #2,915
  • Sep 28, 2009 12:56pm Sep 28, 2009 12:56pm
Guys,

Will it make any different between 60-15-5 and 30-5 as confirmation, with
60-30-15-5?

Regs,
  • #2,916
  • Sep 28, 2009 1:14pm Sep 28, 2009 1:14pm
Quoting Indrek
These are different setups. 30 is not included in 60-15-5 and 15 is not included in 30,5.

But take a look at this modification, please. It could be useful to have sth like this attached to the chart. Not very often all TFs point to the same direction.
Wow, that's the spirit. You learn pretty fast for a first timer coder. But will that be useful? I mean you guys never try that, right? Remember your own motto, dont change anything that is not broken, hehehe.

IMHO, you should only add 1 more time frame that is 30. Because when 60-30-15-5 is giving signal, 60-15-5+30-5 should be giving signal too.

Can you guys confirm that?

Regs,
  • #2,917
  • Edited 2:32pm Sep 28, 2009 1:19pm | Edited 2:32pm
Quoting pipstroll
Wow, that's the spirit. You learn pretty fast for a first timer coder. But will that be useful? I mean you guys never try that, right? Remember your own motto, dont change anything that is not broken, hehehe.

IMHO, you should only add 1 more time frame that is 30. Because when 60-30-15-5 is giving signal, 60-15-5+30-5 should be giving signal too.

Can you guys confirm that?

Regs,
We cannot use the same indicator for 30,5 and 60,15,5 because we can take 60,15,5 trades when 30 is showing to the opposite direction, and when taking 30,5 trades, we do not always have to care about the direction of 60 and 15.
So, if we have only one indicator for these two setups then we are possibly going to miss many valid signals.
  • #2,918
  • Sep 28, 2009 1:34pm Sep 28, 2009 1:34pm
Quoting Indrek
Sorry, there were mistakes in my previous ALL version. Here is sth more useful - 1440,240,60,15,5. Such a setup really exists, and 30 is not included in it. Hope, no mistakes inside.

I cannot confirm that we can use the same indicator for 30,5 and 60,15,5 because we can take 60,15,5 trades when 30 is showing to the opposite direction, and when taking 30,5 trades, we do not always have to care about the direction of 60 and 15.
So, if we have only one indicator for these two setups then we are going to miss many valid signals.
Oh, ok. I understand now. So the reason you guys putting 60-15-5 and 30-5 into one pair is to grab any chances that might be appear by following any setup. Not to trade ONLY when BOTH setup in agreement.

I can coded indy that can give you freedom to choose which TF you want. i.e you can customize to your liking. Do you think such indy as helpful or disaster? Because people can customize as they like and not following rules anymore.

Just tell me if you guys want it, and what TF you would like to include into.

Regs,
  • #2,919
  • Sep 28, 2009 1:38pm Sep 28, 2009 1:38pm
Quoting pipstroll
Oh, ok. I understand now. So the reason you guys putting 60-15-5 and 30-5 into one pair is to grab any chances that might be appear by following any setup. Not to trade ONLY when BOTH setup in agreement.

I can coded indy that can give you freedom to choose which TF you want. i.e you can customize to your liking. Do you think such indy as helpful or disaster? Because people can customize as they like and not following rules anymore.

Just tell me if you guys want it, and what TF you would like to include into.

Regs,
You are welcome to write such an indicator and let people decide what is best for them.

If people are following the rules or not is their own decision. There is no obligation to keep any rules. As Glen has said - it is their own money they play with

BTW: To trade only if 60,30,15,5 match would be too conservative even for me
  • #2,920
  • Sep 28, 2009 2:06pm Sep 28, 2009 2:06pm
[quote=studbiol;3098351]Hi Glen,

phantastic results I have a few questions. Am I right

you trade TF M60?
the arrows in your chart show M60 signals?
you confirm with MTF Trix M240?
wouldn't it be good to have MTF Trix D1 on the chart too?
you do not have M5 signals on your chat?
your trade stays open during more than 24 hours .. even over weekend?
how do you fix TPs and SL (I've seen you use THV Cavemanager ... what are your settings?)?
is this the next level of MTF-trading?

I trade 60 15 5 as a standalone not with 240 confirmation. 240 15 5 is a separate method. D1 can move 200 pips against you before the next Trix signal, enough for a very good 60 15 5 or even a 240 15 5 countertrend trade.
I used a 60M chart for the screenshot, you cannot show the 5M signal on a higher TF.

If you trade 240M and it is in profit and signals to indicate a reversal or retracement, why close it? Simply stick in a fixed stop or a TS and let it run, if you want to trade 240M, you have to roll over most of the trades. I roll over 60M trades at times as well.
Rolling over trades over a weekend is something I will only do if I have a substantial profit on the trade and have taken a partial profit.

Suggested settings for EA to manage trades are in the manual. I don`t normally use EA for 240M trades except to move stops to BE and at times to trail stops.

Most of the traders are still finding their feet with 60 15 5 and 30 5, it is a good idea to make sure you are able to trade a consistent profit before even attempting 240 15 5 trades. The correct way to trade it is to use hedging on the smaller TF`s to subsidize stops and drawdowns on the bigger TF`s.

Stick with 60 15 5 and 30 5 for now and master it first, they are profitable enough as standalone systems.
" Never let the past hold the future to ransom "
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