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MTF Trix system

  • #2,941
  • Sep 29, 2009 12:53am Sep 29, 2009 12:53am
Quoting Gleneagles
+80 +775 +838

Scaling out due to large ranges printed since Asian Open.
I use the Sunday open price in order to calculate the Monday trading range.
Closed out 240M short trade +80 +775 +838 + 692 +107 (counter trend buy)
" Never let the past hold the future to ransom "
  • #2,942
  • Sep 29, 2009 1:16am Sep 29, 2009 1:16am
240 15 5

tp1 75
tp2 150
tp3 250
sl 80
be 75
ts 80
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_02 Sep. 29 08.09.gif Size: 20 KB
" Never let the past hold the future to ransom "
  • #2,943
  • Sep 29, 2009 2:17am Sep 29, 2009 2:17am
Quoting Gleneagles
240 15 5

tp1 75
tp2 150
tp3 250
sl 80
be 75
ts 80
+75 +11

Will post chart later.
" Never let the past hold the future to ransom "
  • #2,944
  • Sep 29, 2009 3:30am Sep 29, 2009 3:30am
Quoting pgpb
Pipstroll

thanks tons for creating this indicator.

I just installed the custom one, I like being able to change the alerts.
I notice there is an option for 15,30,60,240 and 1440
Should there not also be one for the 5 time frame?

thanks again!

PGPB
I think because every setup utilize 5min, that's why i'm trying to make things a 'little bit' simpler by throwing away 1 parameter.

Regs,
  • #2,945
  • Sep 29, 2009 3:45am Sep 29, 2009 3:45am
Quoting pipstroll
I think because every setup utilize 5min, that's why i'm trying to make things a 'little bit' simpler by throwing away 1 parameter.

Regs,
Really??? You mean on a 30M-5M setup, you only need the 30M to give the signal? And that the 5M can be point either way because it doesn't matter? Wouldn't that become a 30M only setup signal alert??

Bruce
  • #2,946
  • Sep 29, 2009 3:49am Sep 29, 2009 3:49am
Quoting pipstroll
I think because every setup utilize 5min, that's why i'm trying to make things a 'little bit' simpler by throwing away 1 parameter.

Regs,
My idea is that the possibility to eliminate M5 alerts is good. I am not sure if I want to get a signal every time M5 changes direction.
  • #2,947
  • Sep 29, 2009 4:19am Sep 29, 2009 4:19am
Quoting brucech
Really??? You mean on a 30M-5M setup, you only need the 30M to give the signal? And that the 5M can be point either way because it doesn't matter? Wouldn't that become a 30M only setup signal alert??

Bruce

No.. No.. No.. (a little bit panic)

You guys get me wrong, what I mean was, like this. Because every setup always utilize the 5 mins TF, then why don't I just put it on forever (cannot turn to false).

So, basically 5 mins TF always active and cannot be turn off. Is that wrong? or are there any setup that do not utilize the 5 mins TF?

Regs,
  • #2,948
  • Sep 29, 2009 4:36am Sep 29, 2009 4:36am
Quoting Indrek
My idea is that the possibility to eliminate M5 alerts is good. I am not sure if I want to get a signal every time M5 changes direction.
Your wish is my command

Here you go with the possibility to turn off 5 mins.

Regs,
Attached File(s)
File Type: zip MTF Signal Custom.zip   6 KB | 607 downloads
  • #2,949
  • Sep 29, 2009 4:48am Sep 29, 2009 4:48am
Quoting pgpb
Sure....however I would ask Indrek to do the same, he is much more familiar with this EA

I am also giving some thought to my TP and stops.....so these setting are a work in progress
Thanks pgpb .I had my setup little bit different than yours. I hope this will fix it
Regards
  • #2,950
  • Sep 29, 2009 5:00am Sep 29, 2009 5:00am
Hello,
I am trying to stick to the book and this strategy has always played so far against me.
Please have a look at my screen shot and share what you would have done.
I entered after 60 15 and 5 turned same colour on a lower low candle. Just to see it reverse 50 pips.. Great!
Thanks
Attached Images
  • #2,951
  • Sep 29, 2009 5:01am Sep 29, 2009 5:01am
It's been very challenging this morning..lose one won two..this last trade took over an hour for +23..guys watch for pivot points they are very important..i took this last trade too close to the pivot and i almost pay for it but overall +50 this morning my live account is looking better everyday ..time to grab a cold one and then take a nap..happy trading all.Red flag news comming up..be careful guys.
Attached Image (click to enlarge)
Click to Enlarge Name: screen shot.gif Size: 18 KB
  • #2,952
  • Sep 29, 2009 5:07am Sep 29, 2009 5:07am
Quoting don_choa
Hello,
It's the second try I am trying to stick to the book and this strategy has always played so far against me.
Please have a look at my screen shot and share what you would have done.
I entered after 60 15 and 5 turn same colour on a lower low candle. Just to see it reverse 50 pips.. Great!
Thanks
When was your entry?
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_02 Sep. 29 12.04.gif Size: 23 KB
" Never let the past hold the future to ransom "
  • #2,953
  • Sep 29, 2009 5:08am Sep 29, 2009 5:08am
Quoting don_choa
Hello,
It's the second try I am trying to stick to the book and this strategy has always played so far against me.
Please have a look at my screen shot and share what you would have done.
I entered after 60 15 and 5 turn same colour on a lower low candle. Just to see it reverse 50 pips.. Great!
Thanks
Hey Don..drag and drop your trade on your chart so we can see exactly where you took this trade and one more thing you are trading way too close to the red flag news.
  • #2,954
  • Sep 29, 2009 5:16am Sep 29, 2009 5:16am
Quoting stunna29
Hey Don..drag and drop your trade on your chart so we can see exactly where you took this trade and one more thing you are trading way too close to the red flag news.

Enough positive news to push the price up by 100 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_03 Sep. 29 12.14.gif Size: 5 KB
" Never let the past hold the future to ransom "
  • #2,955
  • Sep 29, 2009 5:27am Sep 29, 2009 5:27am
Quoting stunna29
It's been very challenging this morning..lose one won two..this last trade took over an hour for +23..guys watch for pivot points they are very important..i took this last trade too close to the pivot and i almost pay for it but overall +50 this morning my live account is looking better everyday ..time to grab a cold one and then take a nap..happy trading all.Red flag news comming up..be careful guys.Attachment
Nice trading, but I don't get it. You are obviously trading a different system than your chart indicators show. The entries are out of sync with the indicators. Unless your trading 30-5, but with a twist.
NiX - click my profile & visit my website
  • #2,956
  • Sep 29, 2009 5:36am Sep 29, 2009 5:36am
Quoting Gleneagles
When was your entry?
Hi,
That's my screenshot for the news on FF Calender.
I checked them before entering the trade and because it was 10:30 am and the only news were at 9.30 am, I thought that was okay.
I was probably too close to the Daily pivot line.
How far from the pivot should you be to enter a trade?

CHeers
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 8.png Size: 137 KB
  • #2,957
  • Sep 29, 2009 5:41am Sep 29, 2009 5:41am
Quoting nix
Nice trading, but I don't get it. You are obviously trading a different system than your chart indicators show. The entries are out of sync with the indicators. Unless your trading 30-5, but with a twist.
Yes 30-5 but i also use a momentum indi after i get a signal i usually don't jump in the trade right away..i need to see momentum shift to the up or down side before i enter.
  • #2,958
  • Sep 29, 2009 5:50am Sep 29, 2009 5:50am
240 15 5 +60

TP1 60
TP2 100
TP3 150

Counter trend

30 5 +25
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_04 Sep. 29 12.45.gif Size: 25 KB
" Never let the past hold the future to ransom "
  • #2,959
  • Sep 29, 2009 6:01am Sep 29, 2009 6:01am
Quoting Indrek
Thanks but I already posted such a modified version earlier (post 2928)
Ups, sorry did not notice it before. Thx.

Regs,
  • #2,960
  • Sep 29, 2009 6:06am Sep 29, 2009 6:06am
Quoting don_choa
Hi,
That's my screenshot for the news on FF Calender.
I checked them before entering the trade and because it was 10:30 am and the only news were at 9.30 am, I thought that was okay.
I was probably too close to the Daily pivot line.
How far from the pivot should you be to enter a trade?

CHeers
News in your screenshot was 9:30 and 11.
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