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MTF Trix system

  • #3,221
  • Oct 8, 2009 3:34pm Oct 8, 2009 3:34pm
Quoting Helme
nice Trade Indrek

What is your typical stop?
When trading 60,15,5, I use 40 pips for GU and 30 for EU. And I double it with 240,15,5 - for GU 80 and EU 60.
  • #3,222
  • Oct 8, 2009 6:24pm Oct 8, 2009 6:24pm
Indrek, isnt it risky to double the TP? I am going to try on this one. I guess I should also double the Trailing Stop.
  • #3,223
  • Oct 8, 2009 11:03pm Oct 8, 2009 11:03pm
Indrek please Put your template on which the work of MT4. And it odd I have the picture does not get set up as you ((.
  • #3,224
  • Oct 8, 2009 11:47pm Oct 8, 2009 11:47pm
Quoting ForexHunter
Indrek, isnt it risky to double the TP? I am going to try on this one. I guess I should also double the Trailing Stop.
No, it is not risky if you take first profit earlier and set SL to BE at the same moment. I usually try to keep SL and final TP equal.
  • #3,225
  • Oct 8, 2009 11:52pm Oct 8, 2009 11:52pm
Quoting Zazm
Indrek please Put your template on which the work of MT4. And it odd I have the picture does not get set up as you ((.
Here is a basic template. Glen has posted one earlier, too.
Attached File(s)
File Type: tpl Basic.tpl   40 KB | 542 downloads
  • #3,226
  • Oct 9, 2009 6:36am Oct 9, 2009 6:36am
PeterE, this is special for you

First is 240,15,5 and the second is re-entry as the trend was strong.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1001 1.gif Size: 52 KB
Click to Enlarge Name: 0901 1.gif Size: 51 KB
  • #3,227
  • Oct 9, 2009 8:19am Oct 9, 2009 8:19am
Dear Indrek,

Is there a special tool you have to draw the pip lines on your charts?

I wondered if you could share it at all.....

Also, do you know of any plans to turn this trading strategy into an EA?

I spend little time in front of the computer and the majority of my trades are carried out by EA's and I get sent email updates when the EA's are trading. Sadly they dont always contain good news.

Cheers

fxtrader08
  • #3,228
  • Oct 9, 2009 8:23am Oct 9, 2009 8:23am
Hey guys,

Now I have not read all the posts on this thread so forgive me if this has been asked previously.

I assume most of you have seen the Cobra system. This has an exit indicator and I am wondering if there is one on MTF Trix system?

I can see buy and sell indicators but not a suggested exit...

Cheers

fxtrader08
  • #3,229
  • Oct 9, 2009 8:33am Oct 9, 2009 8:33am
hey guys

I can see an error message under "Journals" which says the following:

"MTF_Trix_Meter 1.1d EURUSD, M5: uknown subwindow number 3 for ObjectCreate function"

Can anyone help resolve this please?

Cheers

fxtrader08
  • #3,230
  • Oct 9, 2009 8:52am Oct 9, 2009 8:52am
Thank you! I have issues in the magazine that's a mistake then it is not enough? which he swears)). although the indicator is so me

2009.10.09 17:51:44MTF_Trix_Meter_1.1d GBPUSD,M5: unknown subwindow number 5 for ObjectCreate function
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-10-09_173213.jpg Size: 367 KB
  • #3,231
  • Oct 9, 2009 9:17am Oct 9, 2009 9:17am
GBPUSD

60 15 5

Results : 20 + 25 + 30 = 75
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd09.10.gif Size: 16 KB
  • #3,232
  • Oct 9, 2009 9:23am Oct 9, 2009 9:23am
GBPJPY

30 5

Results : 25 + 30 + 35 = 90
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy09.10.gif Size: 16 KB
  • #3,233
  • Oct 9, 2009 9:31am Oct 9, 2009 9:31am
EURJPY

30 5

Results : 20 + 25 + 30 = 75



Total : GBPUSD + GBPJPY + EURJPY

...........75 + 90 + 75 = 240


Indrek, Glen and all others reading this, have a good weekend. Cheers!!!
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy09.10.gif Size: 15 KB
  • #3,234
  • Edited 9:54am Oct 9, 2009 9:42am | Edited 9:54am
Quoting fxtrader08
hey guys

I can see an error message under "Journals" which says the following:

"MTF_Trix_Meter 1.1d EURUSD, M5: uknown subwindow number 3 for ObjectCreate function"

Can anyone help resolve this please?

Cheers

fxtrader08
After seeing your post I discovered that I have the same message under "Experts" tab. No reason to pay attention to it if everything works.
  • #3,235
  • Edited 4:09pm Oct 9, 2009 9:46am | Edited 4:09pm
Quoting fxtrader08
Hey guys,

Now I have not read all the posts on this thread so forgive me if this has been asked previously.

I assume most of you have seen the Cobra system. This has an exit indicator and I am wondering if there is one on MTF Trix system?

I can see buy and sell indicators but not a suggested exit...

Cheers

fxtrader08
I have used some of THV indicators but never an exit indi... I cannot imagine that I would need one... I set a hard SL and TP and that's it.

I usually do not watch my trades continuously. After the entry I leave it alone and the Quik_Trailing EA will take care of the trade. Theoretically I would exit 60,15,5 if 60 turned around. But in practice, it almost never happens before my SL is being hit. So, no need to worry about the open positions. They will end either at TP or at SL without my involvement.
  • #3,236
  • Edited 9:58am Oct 9, 2009 9:48am | Edited 9:58am
Quoting fxtrader08
Dear Indrek,

Is there a special tool you have to draw the pip lines on your charts?

I wondered if you could share it at all.....

Also, do you know of any plans to turn this trading strategy into an EA?

I spend little time in front of the computer and the majority of my trades are carried out by EA's and I get sent email updates when the EA's are trading. Sadly they dont always contain good news.

Cheers

fxtrader08
If you drag a trade to your chart from your account history then the lines appear authomatically. Go to the history, left click on a trade, hold it and drag to the main chart.

About EA - I have never used any EA for taking trades. There is no such thing as a 100 % mechanical trading system, at least as much as I know. Absolutely every system needs much traders discretion.
  • #3,237
  • Oct 9, 2009 10:40am Oct 9, 2009 10:40am
Quoting Indrek
If you drag a trade to your chart from your account history then the lines appear authomatically. Go to the history, left click on a trade, hold it and drag to the main chart.

About EA - I have never used any EA for taking trades. There is no such thing as a 100 % mechanical trading system, at least as much as I know. Absolutely every system needs much traders discretion.
I have shown a friend of mine who is a software engineer this system, and he has said he will see if he can write an EA for this.
Of course i would not allow the EA to automatically trade for me, but I would love to be able to run the EA on about 10 pairs and have it alert me when the trade conditions are there....then I could choose.
I need the source code for the MTF block trix indicators though.....does anyone have the mq4 files?
  • #3,238
  • Oct 9, 2009 10:55am Oct 9, 2009 10:55am
Quoting pgpb
I have shown a friend of mine who is a software engineer this system, and he has said he will see if he can write an EA for this.
Of course i would not allow the EA to automatically trade for me, but I would love to be able to run the EA on about 10 pairs and have it alert me when the trade conditions are there....then I could choose.
I need the source code for the MTF block trix indicators though.....does anyone have the mq4 files?
Why wouldn't you use the alert indicators that were coded by Pipstroll? Didn't they work for you?

Xecret has said that there is no need to have MTF Trix source code as all the versions refer to Sm Super Trix v1. So, what is needed is the code by SwingMan. I cannot see any other way to obtain it as to ask SwingMan.

I am not a coder, so I am not sure if it is possible to make it work so that the EA would refer to MTF Trix that refers to SM... I am sure that xecret can answer that if SwingMan is not available.
  • #3,239
  • Oct 9, 2009 11:12am Oct 9, 2009 11:12am
Quoting pgpb
I have shown a friend of mine who is a software engineer this system, and he has said he will see if he can write an EA for this.
Of course i would not allow the EA to automatically trade for me, but I would love to be able to run the EA on about 10 pairs and have it alert me when the trade conditions are there....then I could choose.
I need the source code for the MTF block trix indicators though.....does anyone have the mq4 files?
Actually I have written an EA for this strategy, but it does not perform well.
I've followed the trading results from Glen and Indrek and compared them against the EA results and they are no where near these achieved by Glen and Indrek. The EA strictly follows rules which have been published in the manual and successful traders always use discretion when trading.

Here is today's chart for GU. As you can see the EA came out OK, but we had a nice down trend, so any trend following robot should have done OK.

The tricky part starts when the market is choppy. Successful traders make money and EA's don't do as well.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 17 KB
NiX - click my profile & visit my website
  • #3,240
  • Oct 9, 2009 11:42am Oct 9, 2009 11:42am
Quoting Indrek
To suffer the slings and arrows of outrageous fortune or to take arms against the sea of troubles and by opposing end them.
Hamlet would not be a good trader, I guess.
Hi Indrek. Thanks for this thread. Thanks also to LRathi, and Gleneagles, the King's Course of trading. I'm catching up with this thread after a couple of weeks distraction.

Indrek, 'To be, or not to be, that is the question:
Whether 'tis nobler in the mind to suffer
The slings and arrows of outrageous fortune,
Or to take arms against a sea of troubles
And by opposing end them.'
Hamlet was talking about suicide, so no, he wouldn't have made a good trader. Probably have slashed his wrists after a few losing trades.

Be lucky.
Bal
The dream will never die
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