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  • #41
  • Edited 6:10am Oct 17, 2009 5:46am | Edited 6:10am
Quoting sako
thanks for template really like it
can i plaese ask about dash board on right of screen can you elaborate on headings CC BS STr TR also the green red and purple squares on the main screen
thanks for your help The mtf indys are fine
Hi Sako,

I use the Dashboard in it's standard setting ... I didn't change anything (yet). Attached is a screenshot of the settings with the added Tool of Lrathi (= FSCapture.exe) where you are able to see all the possibilities of settings in one piece. As it is shown:
CC = Candle Colour
BS = Ratio of Buyers to Sellers
Str = Strength of movement
TR = Trend
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-10-17_114844.png Size: 40 KB


I use this dashboard only when I watch one pair in full screen modus. When I put 4 currencies on my screen I use "market price" which doesn't take much space and shows bid and ask price. I attach it for you.
----------------------------------------------------------------------------

The green red and purple squares on the main screen are the bricks of MTF_Trix_Meter_1.1d as shown on page 7 in the manual (see http://www.forexfactory.com/showpost...7&postcount=22 )

Attached Image (click to enlarge)
Click to Enlarge Name: 2009-10-17 post 1.1.gif Size: 31 KB


The settings of the 2nd row H4 are similar to Glen's setting ... I suppose.

I hope that helps ... good luck and ...

Attached Image
Attached File(s)
File Type: ex4 market price.ex4   3 KB | 311 downloads
File Type: mq4 market price.mq4   2 KB | 355 downloads
If there are pips you can collect - just do it!
  • #42
  • Edited 5:58pm Oct 17, 2009 6:08am | Edited 5:58pm
Quoting lrathi
... The way I see it.... as the MTF trix strategy evolved and developed.....we kindly had some generous programmers who came and programmed three versions of the MTF Trix meters to help us. This has added some diversity for choice to traders.
.....
Find which version of the MTF Trix meter and as well as confirming indicators where you feel comfortable and please use and post charts.
.......
There is a wealth of information and support here (traders and manual) which when combined can only result in PROFIT.
I totally agree! When traders add indicators to feel comfortable as confirming additions ... that is good. Much better it will be when traders show their efforts by posting their charts AND tell the other traders ... by showing the success in a predictable and verifiable way ... what is more profitable or secure when they use an additional indicator.

Maybe an idea will be only used by the trader who introduced it on the thread, maybe this idea suites many other traders and maybe ... perhaps in future ... the idea will be a part of the manual 1.xx

Attached Image (click to enlarge)
Click to Enlarge Name: It's not proven that things get better.gif Size: 30 KB
If there are pips you can collect - just do it!
  • #43
  • Oct 18, 2009 12:26am Oct 18, 2009 12:26am
There still seems to be some difficulty with the CAPTURE TOOL download.

Please find attached .

Also in the manual there is a link how to use it etc. Page 19 Additional Information No3.
Attached File(s)
File Type: zip Capture.zip   605 KB | 497 downloads
  • #44
  • Oct 18, 2009 6:02am Oct 18, 2009 6:02am
A question arrived me by several members:

Quoting studbiol

Attachment

The settings of the 2nd row H4 are similar to Glen's setting ... I suppose.
"Interesting that you mention glen uses setting 2 not 3 on 4hr mtf do you know if all his time settings on mtf are 2 instead of 3"

O.K. - I'm not really sure about that setting but as Glen didn't say "THAT'S WRONG ... I DO IT THIS WAY ..." I think it could be in that way. I played a little with the settings and compared his an my charts.

Look here is a part of Glen's chart from post #28

Attached Image


... and that is the result of my my effort.

Attached Image (click to enlarge)
Click to Enlarge Name: glen okt.16.2009 my interpretation.gif Size: 20 KB


I think it looks - at least - very similar. The TRIX period 2 causes a signal that appears a litte more early than TRIX period 3
... looks like TRIX period 2 gives a kind of "Def.Con 3" then TRIX period 3 gives "Def.Con 2" ...
... and now it is up to you ...
Attached Image


Perhaps Glen will give a litte comment?

If there are pips you can collect - just do it!
  • #45
  • Oct 18, 2009 7:18am Oct 18, 2009 7:18am
Quoting studbiol
A question arrived me by several members:



"Interesting that you mention glen uses setting 2 not 3 on 4hr mtf do you know if all his time settings on mtf are 2 instead of 3"

O.K. - I'm not really sure about that setting but as Glen didn't say "THAT'S WRONG ... I DO IT THIS WAY ..." I think it could be in that way. I played a little with the settings and compared his an my charts.

Look here is a part of Glen's chart from post #28

Attachment

... and that is the result of...
I trade from Trix setting 3 on 240M charts, I just add setting 2 as an early "warning signal" , you don`t need it on your charts.
" Never let the past hold the future to ransom "
  • #46
  • Oct 18, 2009 7:28am Oct 18, 2009 7:28am
Quoting Gleneagles
I trade from Trix setting 3 on 240M charts, I just add setting 2 as an early "warning signal" , you don`t need it on your charts.
I'm proud to see that your lessons had an effort to my brainbulb.
Attached Image
It feels good to receive confirmation.

Thank you for your comment.

If there are pips you can collect - just do it!
  • #47
  • Oct 18, 2009 11:22pm Oct 18, 2009 11:22pm
1. Identification of Trending and Ranging Markets:
ADX values are commonly used. Attached is the ToRv1.12 indicator which shows ADX values for multiple timeframes to help you decide which trading technique to use.

Stay out of the market when Ranging and trade this TREND-FOLLOWING SYSTEM when the TF you trade is trending.

This will be added to optional indicators in the the next version 1.5.

Other suggestions are welcome.

2. Money management explanation :

See the link in manual page 19,Additional Information No5.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd tor.gif Size: 23 KB
Attached File(s)
File Type: mq4 ToR_1.12.mq4   21 KB | 447 downloads
  • #48
  • Oct 19, 2009 3:56am Oct 19, 2009 3:56am
Quoting lrathi
1. Identification of Trending and Ranging Markets:
ADX values are commonly used. Attached is the ToRv1.12 indicator which shows ADX values for multiple timeframes to help you decide which trading technique to use.

Stay out of the market when Ranging and trade this TREND-FOLLOWING SYSTEM when the TF you trade is trending.

This will be added to optional indicators in the the next version 1.5.

Other suggestions are welcome.

2. Money management explanation :

See the link in manual page 19,Additional...
Thanks Irathi. This is a nice compact mtf form of the adx indy.
Looking at your chart I see you have switched to Royston indy---I'm tending that way myself--mainly because it works in simulator. Betcha the adx wont.
Cheers
We are all One. Be present. Be the Observer
  • #49
  • Oct 19, 2009 4:37am Oct 19, 2009 4:37am
Quoting Iamfx
Thanks Irathi. This is a nice compact mtf form of the adx indy.
Looking at your chart I see you have switched to Royston indy---I'm tending that way myself--mainly because it works in simulator. Betcha the adx wont.
Cheers
Due to extra family commitments....I am unable to stare at the screen for long periods of time.... Time spent on trading is an issue for me now and for the next while too.

I think 240-15-5 TF will suit me better .... also....think roy05 is easier to see at a glance. I see now what Gleneagles see on his charts too on the 240-15-5 trades he is kindly posting on the thread.

I am planning to put a few different charts/trades up using the three versions for illustrative purposes for those just joining this great system.

In time, as those who have known my posts from various forums... I am a fibonacci cluster trader and will gradually show that in some of my posts in the future.(Google Neal Hughes,also mentioned in manual....it is a commercial site so cannot put the direct link) Worth every penny spent to learn from the gurus themselves.
  • #50
  • Oct 19, 2009 11:22am Oct 19, 2009 11:22am
Quoting Gleneagles
Rollover trades

Rollover trades closed today.

Refer charts posted on Friday.

GBPUSD +436
GBPJPY +536
USDCAD + 41
EURJPY +227

I have opened new 240M positions on some pairs, will post charts later when I get a chance.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_02 Oct. 19 18.13.gif Size: 79 KB
" Never let the past hold the future to ransom "
  • #51
  • Oct 19, 2009 11:41am Oct 19, 2009 11:41am
of course you may have my template.


I appreciate all your input as well as others as I have your tpl working nicely and after I can use It will let you know how it goes.

best regards
  • #52
  • Oct 19, 2009 1:59pm Oct 19, 2009 1:59pm
Quoting Gleneagles
Rollover trades closed today.

Refer charts posted on Friday.

GBPUSD +436
GBPJPY +536
USDCAD + 41
EURJPY +227

I have opened new 240M positions on some pairs, will post charts later when I get a chance.
New trades opened today + AUDUSD not on screenshot
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_03 Oct. 19 20.57.gif Size: 60 KB
" Never let the past hold the future to ransom "
  • #53
  • Oct 19, 2009 2:01pm Oct 19, 2009 2:01pm
New trade
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_04 Oct. 19 21.00.gif Size: 10 KB
" Never let the past hold the future to ransom "
  • #54
  • Oct 19, 2009 2:16pm Oct 19, 2009 2:16pm
Hello Glen,

thank you for your tradingsystem
I had one question about the 4 hr charts you post on the thread.

Does it mean that you are always in the market? when 2 blocks blue you go long and 2 red blocks you go short??

Or is your entry based on the 240-15-5 system and trigger on the 5 minutes.

Willem-Dutch signals
  • #55
  • Oct 19, 2009 2:28pm Oct 19, 2009 2:28pm
Quoting dutchsignals
Hello Glen,

thank you for your tradingsystem
I had one question about the 4 hr charts you post on the thread.

Does it mean that you are always in the market? when 2 blocks blue you go long and 2 red blocks you go short??

Or is your entry based on the 240-15-5 system and trigger on the 5 minutes.

Willem-Dutch signals

Entry 240 15 5.

No, I am not always in the market on all pairs.
I will not take an entry on GBPUSD for example because the daily range is exhausted. Ditto on some of the other pairs.
" Never let the past hold the future to ransom "
  • #56
  • Oct 19, 2009 2:54pm Oct 19, 2009 2:54pm
Thanks for your answer Glen.

happy trading

Willem
  • #57
  • Edited 3:56pm Oct 19, 2009 3:46pm | Edited 3:56pm
Quoting Gleneagles
Entry 240 15 5.

No, I am not always in the market on all pairs.
I will not take an entry on GBPUSD for example because the daily range is exhausted. Ditto on some of the other pairs.
Hi Glen,

do you use the attached indicator? And if so ... does "Room up = -48" mean that the daily range is exhausted (as you wrote)

And a further question: The indicator is set to RR 3.0 and shows max. SL numbers for long/short trades ... do you use these suggestions or do you calculate yourself? And if you calculate them yourself ... how do you do that? I have no experience with H4 trading, but on demo I would like to try it out ... perhaps I can learn to like it.

Best regards

Attached File(s)
File Type: ex4 Average_Daily_Range.ex4   17 KB | 398 downloads
File Type: mq4 Average_Daily_Range.mq4   14 KB | 446 downloads
If there are pips you can collect - just do it!
  • #58
  • Oct 20, 2009 12:17am Oct 20, 2009 12:17am
Been away from the PC for a few days, and swamped with work when I have been able to be in front of it, thus I still catching up on the recent posts. Big thanks to everyone for the stimulating discussion. Hope everyone has a good session today.
How do you make a small fortune in Forex? Start with a large one!
  • #59
  • Oct 20, 2009 1:32am Oct 20, 2009 1:32am
I waited till the PA looked right before taking this. The round numbers (yellow line) made a very nice stepping stone where PA rested before continuuing
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd trade.JPG Size: 175 KB
We are all One. Be present. Be the Observer
  • #60
  • Edited 2:21am Oct 20, 2009 1:50am | Edited 2:21am
Quoting Iamfx
I waited till the PA looked right before taking this. The round numbers (yellow line) made a very nice stepping stone where PA rested before continuuing
EURUSD: I see a rising wedge too( Chart shapes for a sell, Manual page 18.) Bearish Divergence in H1 on Trix. I mention this to watch PA too on the TF you are trading 60-15-5( Trading M60 and entry on M5

GBPJPY and eurjpy have the 123 pattern on H1 charts. (Mention this for PA awareness on the higher TF one is trading)

Aussie ready to drop too on H1.

I am not trading just watching. Trading H4 and seeing PA on H1 for confirming clues of PA and trend reversal.

Have to leave PC soon unfortunately.

I like your new template set up.
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