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MTF Trix system

  • #3,261
  • Oct 13, 2009 12:45am Oct 13, 2009 12:45am
Quoting ForexHunter
The time these Brokers use for their servers are different. FXCM and InterBank have the same starting time that's why the pivots are the same compared to UWC time sever. FXCM and InterBank are following GMT time. So I guess they are correct compared to UWC server time. Are u guys using GMT server time?
I use my broker's time that is GMT+3 during Summer time and GMT+2 in Winter. And I use AutoPivot2. So far, everything has worked well for me.
  • #3,262
  • Oct 13, 2009 2:41am Oct 13, 2009 2:41am
Gbpusd 60-15-5 +20
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  • #3,263
  • Oct 13, 2009 2:45am Oct 13, 2009 2:45am
Quoting Staghead
Gbpusd 60-15-5 +20
Same here
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  • #3,264
  • Oct 13, 2009 4:39am Oct 13, 2009 4:39am
I followed the Trix Meter Plan on stop loss on different currency pairs. But sometimes, the candles reached the stop loss level and closed, then the candles went back to the profit level. I am wondering whether it is necessary to have a stop loss. When I did Demo, I don't use stop loss and always making money. But as I tried on Live account, I got stoped out many times.

This is today's GJ chart. I entered short at the first red vertical line. 2 of the 3 positions got stopped out at 50 pips. Then the candles went short. This kind of thing is frusterating because the strategy is fantastic, but the stop loss is still not 100% working. If u have any advice, I am open to any suggestion. Thanks.
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  • #3,265
  • Oct 13, 2009 4:44am Oct 13, 2009 4:44am
Quoting ForexHunter
I followed the Trix Meter Plan on stop loss on different currency pairs. But sometimes, the candles reached the stop loss level and closed, then the candles went back to the profit level. I am wondering whether it is necessary to have a stop loss. When I did Demo, I don't use stop loss and always making money. But as I tried on Live account, I got stoped out many times.

This is today's GJ chart. I entered short at the first red vertical line. 2 of the 3 positions got stopped out at 50 pips. Then the candles went short. This kind of thing is frusterating...
What SL and TP did you use for your GY trades? Maybe your SL is too small and target too big?
But trading without SL is a crazy idea, I suggest to forget it
  • #3,266
  • Oct 13, 2009 5:52am Oct 13, 2009 5:52am
GJ: TP: 25, 35, 50 and SL: 50
Maybe the entrance wasn't exactly 2 pips below the previous candle. Some are like 5 pips or more. Is it 50 pips + spread for stop loss? Or Is it 50 pips including the spread?
  • #3,267
  • Oct 13, 2009 6:18am Oct 13, 2009 6:18am
1] trix meter alignment on 60 15 5
2] filtered trix signal using median lines
3] tweaked entry using median lines
4] exit +30 (or +20 +25 +30 = +75 if scaling out), using median lines and fib zones
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  • #3,268
  • Oct 13, 2009 8:49am Oct 13, 2009 8:49am
Quoting PeterE
1] trix meter alignment on 60 15 5
2] filtered trix signal using median lines
3] tweaked entry using median lines
4] exit +30 (or +20 +25 +30 = +75 if scaling out), using median lines and fib zones
Very nice! Could you, maybe, leave the median lines to your charts when posting them? It would be interesting to see how you use them in action
  • #3,269
  • Oct 13, 2009 9:14am Oct 13, 2009 9:14am
Quoting ForexHunter
GJ: TP: 25, 35, 50 and SL: 50
Maybe the entrance wasn't exactly 2 pips below the previous candle. Some are like 5 pips or more. Is it 50 pips + spread for stop loss? Or Is it 50 pips including the spread?
Usually I use round numbers without thinking about the spread. So, I probably would use 50 for both long and short GY. But I always set SL to BE when the first target is hit and after that it is not a problem any more if I will be stopped out.
I do not fully understand the idea of going for very many pips, I rather increase lots. After all, the real results are measured in dollars not pips.
  • #3,270
  • Oct 13, 2009 9:58am Oct 13, 2009 9:58am
Quoting Indrek
...I do not fully understand the idea of going for very many pips, I rather increase lots. After all, the real results are measured in dollars not pips.
Attached Image
I totally agree.

It is a question of easiest statistics: To get 10 pips happens more often than to get 100 pips. It's a question of the ballance between greed and fear.

Attached Image


If you like to learn something about pip statistic I attach a file with very interesting thoughts and facts ... even though it is from 2004.

Have a nice day.

Attached File(s)
File Type: pdf prediciting price action 2004[1].pdf   642 KB | 1,121 downloads
If there are pips you can collect - just do it!
  • #3,271
  • Oct 13, 2009 10:57am Oct 13, 2009 10:57am
Where can i get the the indicators are in the picture on post #52!! please someone help me i have been looking all over!!! I would like those exact indis if possibale!!! Thanks so much!!
  • #3,272
  • Oct 13, 2009 11:04am Oct 13, 2009 11:04am
Quoting drago24
Where can i get the the indicators are in the picture on post #52!! please someone help me i have been looking all over!!! I would like those exact indis if possibale!!! Thanks so much!!
Do you mean these?
Attached File(s)
File Type: ex4 smSuper TRIX_MTF_PV_4col.ex4   13 KB | 1,213 downloads
File Type: ex4 smSuper TRIX_PV_4col.ex4   11 KB | 1,238 downloads
File Type: mq4 Heiken Ashi_SWAlert.mq4   5 KB | 712 downloads
  • #3,273
  • Oct 13, 2009 11:52am Oct 13, 2009 11:52am
Yes exactly but my mt4 wont show these and when i opne notepade they are scrambled!! how do i make this work? Thanks you so much for the quick reply!!
  • #3,274
  • Oct 13, 2009 11:54am Oct 13, 2009 11:54am
Aslso do these indicators repaint?
  • #3,275
  • Oct 13, 2009 12:05pm Oct 13, 2009 12:05pm
Quoting drago24
Yes exactly but my mt4 wont show these and when i opne notepade they are scrambled!! how do i make this work? Thanks you so much for the quick reply!!
I think, you have to keep Sm Super Trix v1 in your indicators folder to make the MTF indicators work. You can download it from post 1.
Only mq4 is readable in Notepad, ex4 is not. SwingMan has not made his codes public, so we have to use just ex4.

Quoting drago24
Aslso do these indicators repaint?
These indicators do not repaint in the classical meaning of the word. If a period ends then the colour is fixed. But during current period they can certainly change colour multiple times. If you watch M60 Trix on M5 chart then up to 12 last bars can change colour until the current hour ends.
So, no backtesting is possible with this version of MTF Trix.
  • #3,276
  • Oct 13, 2009 12:19pm Oct 13, 2009 12:19pm
Ok thankswhat im trying to do is trade my 15 min chart from the 4hr indicator almost like you guys were doing or sitll or doing!! what where you settings for this?
  • #3,277
  • Oct 14, 2009 1:52am Oct 14, 2009 1:52am
GBPUSD 60-15-5 +20
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  • #3,278
  • Oct 14, 2009 5:52am Oct 14, 2009 5:52am
Quoting drago24
Ok thankswhat im trying to do is trade my 15 min chart from the 4hr indicator almost like you guys were doing or sitll or doing!! what where you settings for this?
The period of Trix is 3 on all timeframes.
H4 and M15 work very well together. But the usual way with our system is to take entries from M5. We call it 240,15,5 setup
  • #3,279
  • Edited 10:44am Oct 14, 2009 6:20am | Edited 10:44am
60/15/5, for +30

Edit: entry was a bit late, but it worked
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I trade what I see on my charts. Do Not listen to the Muppets.
  • #3,280
  • Oct 14, 2009 9:35am Oct 14, 2009 9:35am
hello I have been reading throught this thread and been looking for the manul that was mentioned and can not find it can someone please help me out? Or direcet me to where I can find it! o by the way great job with the post!!
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