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MTF Trix system

  • #3,081
  • Oct 3, 2009 4:49am Oct 3, 2009 4:49am
thanks Indrek, much appreciated
  • #3,082
  • Oct 3, 2009 7:59am Oct 3, 2009 7:59am
ATR 5 min
-this was mentioned in the thread but i dont see many using it. Is anyone finding this useful in their trix trading?
-are the settings 5 and 25?

Trix meter
-I thought the signal here was straight forward, just line up the 3 blocks on 60-15-5, but then I read in the PDF manual (p.13) that 60 has to change color first, followed by 15, then 5, in that order.

Must the colors change in this sequence to be a valid signal, or am I just looking for 3 vertical blocks to appear, regardless of sequence?

sm scalper
-many charts show these arrows at price bars but I’m yet to work out their usefulness; don’t they merely tell me price has crossed 0? Is it incorrect to think the arrows aren’t that useful, the arrows come after the 3 boxes!
-if arrows are important do I need to check them on 60 and 15, or just 5?

ADR
-do I interpret this in terms of enough room to move only?
-must the ATR at far left be green if buying, red if shorting?


thanks again
  • #3,083
  • Oct 3, 2009 8:40am Oct 3, 2009 8:40am
Good day. Where can I download those indicators that are used on the screenshot? Pivot, swingMan ultra super Trix
  • #3,084
  • Edited 10:59am Oct 3, 2009 10:07am | Edited 10:59am
Quoting PeterE
ATR 5 min...
You are asking very many theoretical questions... Answers to all these can be found either in manual or in thread or in the process of real trading.

So, I suggest once again that you read through what has been written, start (demo) trading the system, and after one month you probably know better than anybody what is good for you and what is not. Every trader has to adjust everything said in the manual to his/her own needs.

The setup is more than sufficiently explained by Glen in a very brief form: http://www.forexfactory.com/showpost...postcount=2304
The manual is the approach of one person - Lrathi. I have not read it through but am quite sure that everything said there is correct, just explained in a too complicated way. For me, at least.
  • #3,085
  • Edited 10:38am Oct 3, 2009 10:09am | Edited 10:38am
Quoting Zazm
Good day. Where can I download those indicators that are used on the screenshot? Pivot, swingMan ultra super Trix
Like always - click the paperclip on the right upper corner of the screen.
  • #3,086
  • Oct 3, 2009 11:08am Oct 3, 2009 11:08am
In the post 3066 there is a screen so that's where the indicators can be downloaded.
  • #3,087
  • Oct 3, 2009 11:12am Oct 3, 2009 11:12am
Quoting Zazm
In the post 3066 there is a screen so that's where the indicators can be downloaded.
Click the paperclip on the upper right corner of this screen here and then click "Hide images", then you see all the indicators that have been posted in this thread.
  • #3,088
  • Oct 3, 2009 11:46am Oct 3, 2009 11:46am
I have the exact name of Pivot? swingMan Ultra Super Trix ... I did not find this. and another one that arrows on the screenshot shows how it is called ... Here are 3 LEDs that would like to download and try to work with them
  • #3,089
  • Edited 1:36pm Oct 3, 2009 11:48am | Edited 1:36pm
Quoting Zazm
I have the exact name of Pivot? swingMan Ultra Super Trix ... I did not find this. and another one that arrows on the screenshot shows how it is called ... Here are 3 LEDs that would like to download and try to work with them
There are many versions of pivot indicators, I use Auto Pivot.
The file name of Ultra Super Trix is just Super Trix
Arrows come from Scalper Signals.

P.S. What is LED???
  • #3,090
  • Oct 3, 2009 4:01pm Oct 3, 2009 4:01pm
Indrek,

i have formed my own answers regarding each question, after reading the thread and manual
but still would like further clarification and a "current" persepective, from those who have been using the system longer than i . . . . which is fair and reasonable

the questions are all well thought out, not random or whimsical


thank you


Quoting Indrek
You are asking very many theoretical questions... Answers to all these can be found either in manual or in thread or in the process of real trading.

So, I suggest once again that you read through what has been written, start (demo) trading the system, and after one month you probably know better than anybody what is good for you and what is not. Every trader has to adjust everything said in the manual to his/her own needs.

The setup is more than sufficiently explained by Glen in a very brief form: http://www.forexfactory.com/showpost...postcount=2304
The...
  • #3,091
  • Oct 3, 2009 4:30pm Oct 3, 2009 4:30pm
Quoting PeterE
Indrek,

i have formed my own answers regarding each question, after reading the thread and manual
but still would like further clarification and a "current" persepective, from those who have been using the system longer than i . . . . which is fair and reasonable

the questions are all well thought out, not random or whimsical


thank you
Well, from my side I can say that I usually use ATR 6/1440 on my chart, just to notice if there is volatility at all. I usually do not take trades if daily range is exhausted. And I do not switch timeframes during my trading as all information that I need is there on my M5chart. The arrows go for current Trix, I use them only for visual aid. You may even choose if you have Scalper Signal arrows, an ordinary Trix or M5 blocks. They are all the same.
  • #3,092
  • Oct 3, 2009 5:05pm Oct 3, 2009 5:05pm
thank you Indrek,
you are a gentleman and scholar . . . . there are few of us left
  • #3,093
  • Oct 3, 2009 9:46pm Oct 3, 2009 9:46pm
the trix signals are pretty obvious to any who put in the time

will this in the future create the "trader effect"? ie., something that did work, stops working because everyone starts using it!

a measure would be for how long the model has been popularised?

if its been around for years and its still working, then the trader effect is unlikely to have a bearing in the future

but if its only just becoming popular then the trader effect may kick in at some future time

or perhaps the fx market is just too big

food for thought

thank you

PeterE


PS of course i am assuming that the trix system is A] quite obvious to any who put in a bit of time and B] it is a robust system
  • #3,094
  • Oct 3, 2009 11:27pm Oct 3, 2009 11:27pm
Quoting PeterE
...
will this in the future create the "trader effect"? ie., something that did work, stops working because everyone starts using it! ...
Do you think that, such thing really exist?

If it does, what do you think might cause that?

Theoritically, shouldn't be the more people using it, the more accurate it become? Because, let's assume, if every trader get the long position then the price must moving up?

Regs,
  • #3,095
  • Oct 3, 2009 11:42pm Oct 3, 2009 11:42pm
there are many variables and its hard to know if it will happen until it actually does

but one effect that can come is 'front running' the signals, making it harder to get filled

an example of the trader effect is Larry Williams "oops!" pattern as applied to the S&P 500, it stopped working when Larry went public with the pattern

any way, not to worry ,
the fact is that in most instances, no matter how simple the system, few will become consistently profitable because emotion is stronger than and eventually overtakes, the rational mind.

thank you


Quoting pipstroll
Do you think that, such thing really exist?

If it does, what do you think might cause that?

Theoritically, shouldn't be the more people using it, the more accurate it become? Because, let's assume, if every trader get the long position then the price must moving up?

Regs,
  • #3,096
  • Oct 4, 2009 1:11am Oct 4, 2009 1:11am
Quoting pipstroll
Because, let's assume, if every trader get the long position then the price must moving up?
Unfortunately, it is not so. If most speculative traders go long then in very many market conditions it is a strong short signal.

The ratio of short to long positions by traders is being measured as Speculative Sentiment Index (SSI). How it is handled, see http://www.dailyfx.com/docs_pdfs/res...SSI_Primer.pdf and http://www.dailyfx.com/story/strateg...403569036.html

It has been estimated that 60 % of forex turnover is made by 6 major banks and everything else is divided by all other financial institutions all over the world, and after that a very small part is in our hands. Big brother is always watching and trying to get money away from guys like us
  • #3,097
  • Edited 10:56am Oct 4, 2009 8:25am | Edited 10:56am
Quoting pipstroll
Theoritically, shouldn't be the more people using it, the more accurate it become? Because, let's assume, if every trader get the long position then the price must moving up.
The only way the price moves up is when the buying out weighs the selling.

If the selling out weighs the buying, the price goes down.

Most of the time, the "SMART MONEY" will buy into a down move & sell into a up move. Remember, the SMART MONEY deal with 100's of millions or more. All the rest of us are just part of the "HERD". Yes, we are part of the HERD.

If you like to read, then do a google search for Masters of the Market by Tom Williams.This is a 188 page PDF file you can find for FREE. IF you read & understand what he is talking about, you will learn alot about price action.
I trade what I see on my charts. Do Not listen to the Muppets.
  • #3,098
  • Oct 4, 2009 11:43am Oct 4, 2009 11:43am
Hi Folks:
I've been following this thread for a while and want to thank everyone especially Indrek and Glen. Could you tell us what broker you are using for your charts? It might make it easier on people if they were looking at the same charts as you. Thanks for all that you have contributed.

Jim
  • #3,099
  • Oct 4, 2009 2:24pm Oct 4, 2009 2:24pm
Quoting bigjim1958
Hi Folks:
I've been following this thread for a while and want to thank everyone especially Indrek and Glen. Could you tell us what broker you are using for your charts? It might make it easier on people if they were looking at the same charts as you. Thanks for all that you have contributed.

Jim
Most people are using MT4 charts, (which is available from a vast number of brokers) however everyone can create a different look and feel, some using candles, others using bars, some using different colors. So it is not the broker that creates the different look and feel, but rather how people have their MT4 charts set up.
  • #3,100
  • Oct 4, 2009 2:47pm Oct 4, 2009 2:47pm
Quoting pgpb
Most people are using MT4 charts, (which is available from a vast number of brokers) however everyone can create a different look and feel, some using candles, others using bars, some using different colors. So it is not the broker that creates the different look and feel, but rather how people have their MT4 charts set up.
I think the point was that if everyone uses the same broker for charting then the price movements will produce the same patterns and signals for everyone.
TTFN Merlyn
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