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MTF Trix system

  • #3,021
  • Sep 30, 2009 10:59am Sep 30, 2009 10:59am
Quoting pgpb
Yes....I agree with your analysis on the currencies.

I am not disappointed at all. As long as I consistantly profit....I am head over heals delighted.
I used to work on a very different, purely mathematical system in another forum, and this work contained trading 7-10 different pairs every day. So, I have got some feeling about the behaviour of the most popular pairs.

About pips... My personal idea has always been that 40-50 pips per day is what I need and everything above it is a bonus. I better increase lots than go for hundreds of pips.
Another question is what way is more risky. It depends on how you define the risks
  • #3,022
  • Sep 30, 2009 11:24am Sep 30, 2009 11:24am
Just finished one trade: EU=240/15/5, got 20pips

Attached Image (click to enlarge)
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considered reason:
(1)240,15,5 signal (2)xADR is green (3)more than 10pips to next pivot level
and (4)a divergence occured means trend change.

S/L: 30pips TP: just 1 lot so it was set at the next pivot level.
  • #3,023
  • Sep 30, 2009 11:38am Sep 30, 2009 11:38am
Hi Pgpb, is it a nice chance to reenter?

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  • #3,024
  • Sep 30, 2009 11:44am Sep 30, 2009 11:44am
Hi,

tried sth new: Open a trade with a hotkey! It worked well but I ignored all trading rules ... just was looking whether my hotkey works. Don't ask why I went long ... but it was successful.

Attached Image (click to enlarge)
Click to Enlarge Name: 2009-09-30 post 1-1.gif Size: 32 KB


Two posts above you see the chart of Wakayama who traded confirm to the rules. As you can see very clearly - my trade needed a lot of luck.

This was only the result of a test that didn't work right: When I tried to close the trade with a hotkey ... that didn't work. Sounds crazy ... but it is true. Every comment is welcome.

If there are pips you can collect - just do it!
  • #3,025
  • Oct 1, 2009 12:00am Oct 1, 2009 12:00am
Quoting Gleneagles
240M

Attached screenshot shows the value of the last price swings on 240M chart.

1290 pips in approximately 10 days.

You can do the same exercise for GBPJPY over the same period and figure out for yourself how many trading opportunities and how many pips were on offer. Not only for 240 15 5 but also 60 15 5 as well as 30 5.

I see a lot of whinging about the system, the MTF indicator/s, all sorts of indicator added, filters added etc

There is NO substitute for basic trading discipline and sticking to a trading plan.
The plan may seem too...
Thank you Glenneagles....

I could not agree more ....

I would like to add another observation and some facts....

Since the various versions of the manuals and updates.... there have been over 2000+ downloads.....

The participations from traders on the open forum is very poor and does not reflect these numbers.....???????

The facts...... many a trader find the system profitable..... trading LIVE and the manual sufficient to do so without the "BIG BROTHER" attitude of some persistent traders who bring negativity to the open forum including the belittling attitude of newbies and traders who do not share the same trading opinion of "BIG BROTHER". etc....

My reading of the posts also suggests that many traders do not read the manual that should be.... Three versions of the MTF trix MEter was not realised until late last week and link posted on POST #1 ( on my indirect prompting). New versions of the manual not mentioned on open forums for traders to update themselves.

The first post misleading for advanced traders go here and beginners go here...

The 2-3 block explanation was there as an alternative explanation aimed so beginners may find the system easier to comprehend.

Thank you gleneagles for this system so far....

I hope like many a trader that you will open another thread and share the remaining wealth of trading experience you still have to offer . YOu have many fans including myself.

Regards,
  • #3,026
  • Oct 1, 2009 12:11am Oct 1, 2009 12:11am
Quoting Indrek
The best way is that more experienced traders teach less experienced ones. It could work like a self-organized community - everyone is welcome to help everyone. But I would like very much if the thread concentrated more and more on real trading topics. All the basics have described already in the manual and in the thread. Only a very lazy person cannot find the answers from there.

If someone like Glen is available then we should not keep him busy with very simple topics but should try to get the real high-end knowledge...
From the manual and word for word from a PM to myself from Indrek.!

Acknowledgements:
Indrek for opening this thread and moderating this thread and doing his best to keep scammers away from the thread.
His intentions is :
to discuss the MTF TRIX system.
to create a free and open place where traders could change information and new ideas.
never to teach anybody to trade forex.
not to teach anybody to teach this system and will never even try to do it.
His idea was that we all develop our skills on the basis of the information that is coming up in discussions.
Attached Image
  • #3,027
  • Oct 1, 2009 12:43am Oct 1, 2009 12:43am
Quoting Gleneagles

I see a lot of whinging about the system, the MTF indicator/s, all sorts of indicator added, filters added etc

There is NO substitute for basic trading discipline and sticking to a trading plan.
The plan may seem too simple because trading is a tough business and requires a very complicated plan?

It is time for me to take a break from posting trades on the thread


Hi there Glen,

It is really unfortunate that those who insist on doing things their way have got to you. It has happened on other threads. They add all kinds of indicators. Ultimately they succeed in frustrating the originator of the system and he decides to leave and carry on with making his profits with his profitable system in peace.

In time these people will leave the thread and go on to their next victim. I am confident that Indrek with his no nonsense approach will speed up that process.

I hope that with time and a more conducive environment you will see your way back to posting in this thread. Your serious students have learnt a great deal from you and I for one am very grateful to you for teaching such a simple profitable method not available elsewhere.

I hope to see you here soon.
May the PIPS be with you.

Trader7
  • #3,028
  • Oct 1, 2009 12:49am Oct 1, 2009 12:49am
Quoting lrathi

New versions of the manual not mentioned on open forums for traders to update themselves.

The first post misleading for advanced traders go here and beginners go here...
Hi Lrathi,

You are always welcome to say publicly that you have made a new version.

What I meant by the first post is that people who already have the basic knowledge about trading in general and just want to learn the system might go directly to it without reading the manual.

The system can be well described on one page if not even less as Glen did. That is why I find reading the manual an option (or bonus ) not a must.
  • #3,029
  • Oct 1, 2009 2:44am Oct 1, 2009 2:44am
Difficult PA today, I assume tomorrow could be the same with NFP tomorrow, would any of the experienced traders care to comment.
  • #3,030
  • Oct 1, 2009 3:37am Oct 1, 2009 3:37am
Quoting Wakayama
Hi Pgpb, is it a nice chance to reenter?

Attachment
i have thv pivot indi (new)and its not the same please post yours thx
  • #3,031
  • Oct 1, 2009 5:14am Oct 1, 2009 5:14am
Bit close to weekly support but got 18 pips with 80% of order
Attached Image (click to enlarge)
Click to Enlarge Name: eur 60 15 5.JPG Size: 156 KB
We are all One. Be present. Be the Observer
  • #3,032
  • Oct 1, 2009 5:36am Oct 1, 2009 5:36am
Thanks to All who have shown me the Trix indicator via this thread, much appreciated.

Apologies if this question has already been asked, but is there an alarm i can load into MT4 which will tell me when Trix MTF meter roy 05, blocks have just changed trend??

thanks
Peter
  • #3,033
  • Oct 1, 2009 7:54am Oct 1, 2009 7:54am
Quoting PeterE
Thanks to All who have shown me the Trix indicator via this thread, much appreciated.

Apologies if this question has already been asked, but is there an alarm i can load into MT4 which will tell me when Trix MTF meter roy 05, blocks have just changed trend??

thanks
Peter
You can use the indicator coded by Pipstroll. He has made two different versions - one that gives alert as soon as Trix crosses 0 and the other that alerts only if the signal has been confirmed.

I think, the latest version matches with roy 05 as it also changes colour after the signal is confirmed.
  • #3,034
  • Edited 3:52pm Oct 1, 2009 8:18am | Edited 3:52pm
Quoting Staghead
Difficult PA today, I assume tomorrow could be the same with NFP tomorrow, would any of the experienced traders care to comment.
You are correct - NFP days are dangerous for trading. If you cannot resist then set smaller targets, maybe.

About today... I was busy at my job and was not trading for most of the day. But if to look at my two pairs then GU was almost not tradeable with this system but EU behaved much better and could give some profit.
  • #3,035
  • Oct 1, 2009 9:43am Oct 1, 2009 9:43am
GBPUSD

30 5

Results : 25 + 8 + 8 = 41
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  • #3,036
  • Oct 1, 2009 9:53am Oct 1, 2009 9:53am
EURJPY

60 15 5

Results : 20 + 22 + 22 = 64

.............20 + 35 + 11 = 66

.............20 + 35 + 15 = 70

GBPUSD and EURJPY Total = 241
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy01.10.gif Size: 19 KB
  • #3,037
  • Oct 1, 2009 9:57am Oct 1, 2009 9:57am
EURJPY 5/15/240 - 35p

GBPJPY 5/15/60 - 35p
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 26 KB
Click to Enlarge Name: gbpjpy.gif Size: 28 KB
  • #3,038
  • Oct 1, 2009 9:59am Oct 1, 2009 9:59am
Quoting Indrek
Dear friends,

- let us trade!!!

Hi there Indrek,

Let us trade, my friend.
  • #3,039
  • Edited 1:06pm Oct 1, 2009 10:04am | Edited 1:06pm
Quoting Trader7
Hi there Indrek,

Let us trade, my friend.

Done!

Stupid trade, I agree. SL was missed by one pip
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  • #3,040
  • Oct 1, 2009 1:05pm Oct 1, 2009 1:05pm
Quoting Indrek
Done!
Hi, Indrek.
Just a question about your this trade. I noticed before you TP, PA moved against you quite far but you didn't get out. Is there any reason for that or just PA didn't hit your SL ?

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