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MTF Trix system

  • #3,041
  • Oct 1, 2009 1:10pm Oct 1, 2009 1:10pm
Quoting Wakayama
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 ?

Attachment
I never get out manually unless the highest TF of the setup changes direction. In this case it should be M60 as I took the trade as 60,15,5. My SL was missed by 1 pip and then luckily my target was hit.

I am not proud about this trade, just wanted to report that I did sth serious, too, today
  • #3,042
  • Oct 1, 2009 1:41pm Oct 1, 2009 1:41pm
Quoting Indrek
I never get out manually unless the highest TF of the setup changes direction. In this case it should be M60 as I took the trade as 60,15,5. My SL was missed by 1 pip and then luckily my target was hit.

I am not proud about this trade, just wanted to report that I did sth serious, too, today
Actually I almost do the same trade exactly at the position you did but saw the pivot level near by so at last decided to wait longer.
  • #3,043
  • Oct 1, 2009 1:49pm Oct 1, 2009 1:49pm
Quoting Wakayama
Actually I almost do the same trade exactly at the position you did but saw the pivot level near by so at last decided to wait longer.
On my chart daily pivot was 33 pips away, that is enough for me to take a trade with TP1 at 20. But GU was overbought at the time of my entry and I would maybe feel it if I was behind my charts for longer period. The problem was that I was away for the whole day, then logged in and tried to have at least some trade very quickly. That is a totally wrong attitude, I know. Have to focus and to stay calm, better not to trade than to react without thinking to first available signal.
  • #3,044
  • Oct 1, 2009 5:59pm Oct 1, 2009 5:59pm
Quoting Indrek
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.
Indrek, thanks for the advice, I appreciate it.
  • #3,045
  • Oct 1, 2009 8:54pm Oct 1, 2009 8:54pm
Quoting Trader7
EURJPY

60 15 5

Results : 20 + 22 + 22 = 64

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

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

GBPUSD and EURJPY Total = 241

Trader7

Very nice Trades.

Keep it up.
  • #3,046
  • Oct 1, 2009 10:10pm Oct 1, 2009 10:10pm
Glen and others,

1]

after reading the PDF (pg1, post 1) and then reading portions of this thread, i'm no longer sure what is/isnt the preferred model, due to the many and varied posts including a variety of indicators, applications and opinions

is the PDF from post 1, pg 1 still the 'bible'?

2]

are these still the preferred indicators (pg 4 PDF doc)??

1. smC4 Scalper Signals v1 (Settings: 8,3,1.0,1,1,1,0, 3,6) ( Has 1x MA filter)
2. MTF Trix Meter _1.0d/1.1d (See page 6 of this manual)
3. Or MTF Trix Meter_91d/92d (See page 6 of this manual)
4. xADR_0.2 (Settings: ATR1=6 and ATR2=36, Display Position=1)
5. smSuperTrix_PV_v2
5. i_ParamonWorkTime ( highlights suggested trading times)
6. ###Auto Pivot (Use Sunday data=False)
7. Price_Spread_CandleTime

3]

if yes,
where/which are the latest versions of these?
the paperclip attachment has 20pgs of various versions.

4]

i've been watching for the 3 blocks to align on 60-15-5, this doesnt seem to happen very often, yet some posters seem to be finding heaps of trades (30 in a day!!), am i missing something?


what seemed so simple, is now very confusing!

thanks
Peter
  • #3,047
  • Oct 2, 2009 12:03am Oct 2, 2009 12:03am
Quoting PeterE
after reading the PDF (pg1, post 1) and then reading portions of this thread, i'm no longer sure what is/isnt the preferred model, due to the many and varied posts including a variety of indicators, applications and opinions

is the PDF from post 1, pg 1 still the 'bible'?
The manual describes everything correctly and gives the basics of the system. If you take it as a bible or not depends on you. After some time of real trading you probably make personal adjustments that suit your needs. Plus, you will get confidence in estimating the market situation. Then you can avoid some false signals just by intuition.

Quoting PeterE
are these still the preferred indicators (pg 4 PDF doc)??

1. smC4 Scalper Signals v1 (Settings: 8,3,1.0,1,1,1,0, 3,6) ( Has 1x MA filter)
2. MTF Trix Meter _1.0d/1.1d (See page 6 of this manual)
3. Or MTF Trix Meter_91d/92d (See page 6 of this manual)
4. xADR_0.2 (Settings: ATR1=6 and ATR2=36, Display Position=1)
5. smSuperTrix_PV_v2
5. i_ParamonWorkTime ( highlights suggested trading times)
6. ###Auto Pivot (Use Sunday data=False)
7. Price_Spread_CandleTime

if yes,
where/which are the latest versions of these?
the...
The system works on MTF Trix and link to several versions of it is included in post 1. All other indicators are, in fact, optional.
If you click the paperclip and then click "Hide images" then you see that there are only 3 pages with indicators not 20. And you can use Ctrl+F to find a needed one by its name.

Quoting PeterE

i've been watching for the 3 blocks to align on 60-15-5, this doesnt seem to happen very often, yet some posters seem to be finding heaps of trades (30 in a day!!), am i missing something?
Usually 60,15,5 offers 1-3 trades per day for any pair, and the more pairs you monitor, the more trades are available.
I do not know anybody here taking 30 trades per day. For me personally, even 3 trades is more than enough.

Quoting PeterE
what seemed so simple, is now very confusing!
I suggest that you demo trade the system every day for one month, then everything should be clear.
  • #3,048
  • Oct 2, 2009 1:24am Oct 2, 2009 1:24am
Quoting wajid
Trader7

Very nice Trades.

Keep it up.


Hi there wajid,

Thank you. Have a nice profitable trading day with this simple profitable system.
  • #3,049
  • Oct 2, 2009 1:29am Oct 2, 2009 1:29am
Just did one trade: EU=60,15,5

Attached Image (click to enlarge)
Click to Enlarge Name: 09093001.gif Size: 22 KB


Better enter position was at Num.1 but I missed it. When I got in I didn't notice there was a divergence so quite big retracement occured. Got out when TP=15pips. Just 1 lot.

To trade by using this method, I notice there'r some big retracement which test our endurance and patience.
  • #3,050
  • Oct 2, 2009 2:47am Oct 2, 2009 2:47am
Thanks for your answers Indrek, much appreciated.

Having some trouble with the indicators, would you or anyone else, mind helping please.

smSuper TRIX
- there seems to be a number of different versions in the attachments list,
what are the differences between them or do they all essentially do the same thing?

ADR
- I think I’ve managed to get the right ADR indicator into my MT4 indicators file as shown below, but when I restart MT4 it doesn’t show up in my custom indicator list.

Is this to do with converting to an EX4 file? If yes, how do I convert a metaquotes file to an EX4 file?

Pivots
- is SDX-TzPivots_v4.1.mq4, the indicator that reveals daily, weekly pivots etc?
* like ADR I’ve been unable to access it

Arrows at price bars
- what do these represent, confirmation of trend change??
- if yes, which indicator is this?

Large font sized price on screen
- could you please tell me how I view the large font sized price (top right of screen) as shown on many of the charts on this thread


thanks for helping

Peter
Attached Image (click to enlarge)
Click to Enlarge Name: ADR.jpg Size: 114 KB
  • #3,051
  • Oct 2, 2009 3:11am Oct 2, 2009 3:11am
Set a pending order but then decided to set another one as all the setups confirmed the short signal and price was right under 00 level and daily S1.
SL moved to BE at +20. Let us see if it was too conservative.
Attached Image (click to enlarge)
Click to Enlarge Name: 0210 1.gif Size: 48 KB
  • #3,052
  • Oct 2, 2009 3:51am Oct 2, 2009 3:51am
Quoting avi
i have thv pivot indi (new)and its not the same please post yours thx
Sorry I forgot to give this to you. I used to use THV pivot indi too but found this one is easier to use.

Attached File(s)
File Type: ex4 ###Auto Pivot2.ex4   16 KB | 435 downloads
  • #3,053
  • Oct 2, 2009 4:44am Oct 2, 2009 4:44am
Quoting PeterE
smSuper TRIX...
I answer only what I can as I am not very good in IT stuff

1. You need Sm SuperTrix v1 in your indicators folder as all versions of MTF Trix refer to it. If you use any Sm Trix on your chart is your choice. Some people use it for current TF as they want to see its slope and divergence.

2. I noticed that you have a shortcut to xADR in your folder, not xADR itself. Maybe, this is the problem?
You must not do anything to convert mq4 into ex4 manually. If you have mq4 in your indicators folder then ex4 will be created authomatically when you attach the indicator to your chart for the first time.

3. Arrows belong to Sm Scalper Signals indi that is nothing more than Trix. Many people find it useful to see current TF Trix arrows on the main chart in parallel with having blocks in the bottom of the chart.

4. There are many versions of indicators that show large size price in the corner of the chart. I attach what I use.
Attached File(s)
File Type: ex4 THV3 MMPrice.ex4   3 KB | 500 downloads
  • #3,054
  • Oct 2, 2009 5:11am Oct 2, 2009 5:11am
Quoting PeterE

Large font sized price on screen
- could you please tell me how I view the large font sized price (top right of screen) as shown on many of the charts on this thread

Peter
Hi PeterE,

here are three further indicators showing big price. The first one shows only bid-price, the second shows bid- and ask-price and the third shows bid-price and a few more informations. You can put them on your main chart ... the third one even on indicator windows as you like.

Happy trading

Attached File(s)
File Type: ex4 Magnified Market Price.ex4   3 KB | 460 downloads
File Type: mq4 Magnified Market Price.mq4   1 KB | 544 downloads
File Type: ex4 market price.ex4   3 KB | 459 downloads
File Type: mq4 market price.mq4   2 KB | 508 downloads
File Type: ex4 #Signal_Bars_v8D.ex4   39 KB | 637 downloads
If there are pips you can collect - just do it!
  • #3,055
  • Edited 6:11am Oct 2, 2009 5:47am | Edited 6:11am
Quoting Indrek
Set a pending order but then decided to set another one as all the setups confirmed the short signal and price was right under 00 level and daily S1.
SL moved to BE at +20. Let us see if it was too conservative.
While PA got resistance at daily pivot and 00 level it made another 60-15-5 signal and this time I jumped in.

Simply set TP at next pivot level and was touched soon, got 20pips. It will go a little further caus still in the down trend, I guess.

Attached Image (click to enlarge)
Click to Enlarge Name: 09093001.gif Size: 21 KB
  • #3,056
  • Oct 2, 2009 5:53am Oct 2, 2009 5:53am
31 pips total
Attached Image (click to enlarge)
Click to Enlarge Name: GU 60 15 5.JPG Size: 146 KB
We are all One. Be present. Be the Observer
  • #3,057
  • Oct 2, 2009 5:57am Oct 2, 2009 5:57am
made a start
entry/exit tweaked using Fib zones, Median Lines, market structure
Attached Image (click to enlarge)
Click to Enlarge Name: GU021009.jpg Size: 85 KB
  • #3,058
  • Edited 6:52am Oct 2, 2009 6:21am | Edited 6:52am
Quoting PeterE
made a start
entry/exit tweaked using Fib zones, Median Lines, market structure
Congratulations

But please note that according to the manual the signal marked with a vertical line was not valid as the signal candle's low was higher than previous candle's low. And if to look at your chart then it is also clear that an ideal entry was after the small retracement when M5 signalled short again. Would be less frustrating

Or did you enter after the retracement? I cannot see your exact entry at the chart
  • #3,059
  • Oct 2, 2009 6:33am Oct 2, 2009 6:33am
thankyou Stud for the indicators, finally i can see the MT4 price


thank you Indrek for indicator info, very helpful

also, re entry,
i know the manual entry, mine was better ,
i use other tools, in this case entry was tweaked using fib boxes, and median lines

anyway, will see if the 2 can be blended

PeterE


PS, love to get off moderated posts


Quoting Indrek
Congratulations

But please note that according to the manual you entered too early. It says that if the signal candle's low is higher than previous candle's low then the signal is not valid. And if to look at your chart then it is also clear that better entry was after the small retracement when M5 signalled short again. Would be less frustrating
  • #3,060
  • Oct 2, 2009 9:32am Oct 2, 2009 9:32am
Quoting PeterE

PS, love to get off moderated posts
Sorry, I did not get the meaning of this sentence...
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