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  • #441
  • Nov 13, 2009 9:51pm Nov 13, 2009 9:51pm
Quoting dwayneyboy
Currently unable to trade intraday due to work (which sucks). Took these two trades on mth-week-day SL at bottom of signal candle.
There is a growing number of traders who trade FOREX on the daily TF.

You are first to do so with the MTF TRIX SYSTEM here and think why not?

It suits part-timers and investors to the TEE. Many trade their DIY superanuation accounts these days. I stopped trusting reputable fund managers years ago.

Shall watch your performance figures with great interest.

Fewer trades but more pips per trade.

Thanks
  • #442
  • Nov 13, 2009 10:18pm Nov 13, 2009 10:18pm
here it is if anybody wants to look it over. it's the same indicator code wise, i just changed the signal it gives and line sizes to better fit my chart and old eyes
Attached File(s)
File Type: mq4 xADR_vbobv1.mq4   4 KB | 412 downloads
  • #443
  • Nov 13, 2009 10:29pm Nov 13, 2009 10:29pm
Quoting pgpb
Just got back from a vacation down south.
No internet connection.
I took with me the above mentioned book..... I highly recommended.
Ultimately all the indicators in the world are basically just telling us what price has done, and how it is currently moving.

For instance 60 15 5 is telling us that for the last 60 minutes price has been moving downwards, and when the 15 and the 5 line up, jump in

I am certainly not abandoning MTF, I am just learning to look at the charts first, the indicators second. I will still follow the rules of MTF...why...
I totally agree with your readings and findings.

This is why i like to have the original indicator on my charts always. As it is , being an indicator it is already lagging price. When we use derivatives of indicators we are removing ourselves further from PA.

MDS was a popular platform in Australia years ago when I started on my trading journey with Aussie stocks. There was a lot of mention on this stuff you have just read.

Thus my commitment to leading indicators started and developed and invested to learn this DIVERGENCE concept properly by a professional.

TRIX offers this leading indicator feature being many things along with momentum which is why I have it on my charts with the MTF TRIX meter.

MTF TRIX meter is a great tool to line up timeframes and gives history especially I look for FIRST TREND CHANGE on the higher TF I trade according to my trading plan which is H4. Then for entry I go to M5 for entry.

Hope your return from vacation sees you refreshed and many WINNERS in your trading here.
  • #444
  • Nov 14, 2009 11:03pm Nov 14, 2009 11:03pm
Hi, i would like to know what can i need to do to have all the 3 line bar 5 15 60 instead of only one like on my chart ? thanks

Luk
Attached Image (click to enlarge)
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  • #445
  • Nov 14, 2009 11:15pm Nov 14, 2009 11:15pm
Quoting PipsRider
Hi, i would like to know what can i need to do to have all the 3 line bar 5 15 60 instead of only one like on my chart ? thanks

Luk
In the manual page 7 gives instructions how to install the MTF trix meter on your chart.
  • #446
  • Nov 15, 2009 1:45pm Nov 15, 2009 1:45pm
Quoting f4mnect
here it is if anybody wants to look it over. it's the same indicator code wise, i just changed the signal it gives and line sizes to better fit my chart and old eyes
Love the big print (I am over 50 and the eyes are not as sharp as they used to be)

Can someone tell me what these values actually mean
T= 160 Y= 111 ADR=166 5d=151 10d=213 20d= 189 values mean
I am guessing that it means Todays range was 160, yearly it is 111, the average daily range is 166, the ADR over 5 days is 151 etc etc
I have never really understood this indicator exept to know that when the ATR 5 is greater than the ATR 25 that means there is enough volatility to take a trade
Attached Image
  • #447
  • Nov 15, 2009 2:55pm Nov 15, 2009 2:55pm
I hope someone answers your question--I don't know either. Another thing I don't know is how to enter 2 pips above/below the candle to the left of the candle that is vertical from the 5 minute block that has just turned green/red to match up with whatever other timeframes one is using.
  • #448
  • Nov 15, 2009 3:11pm Nov 15, 2009 3:11pm
Quoting pgpb
Love the big print (I am over 50 and the eyes are not as sharp as they used to be)

Can someone tell me what these values actually mean
T= 160 Y= 111 ADR=166 5d=151 10d=213 20d= 189 values mean
I am guessing that it means Todays range was 160, yearly it is 111, the average daily range is 166, the ADR over 5 days is 151 etc etc
I have never really understood this indicator exept to know that when the ATR 5 is greater than the ATR 25 that means there is enough volatility to take a trade
I did not create the indicator, but looks like

T = Today range
Y = Yesterday range
ADR = Avg of 1-Day, 5-Day, 10-Day, and 20-Day ADR
5d = 5-Day ADR
10d = 10-Day ADR
20d = 20-Day ADR
  • #449
  • Nov 15, 2009 3:32pm Nov 15, 2009 3:32pm
Quoting zznbrm
I did not create the indicator, but looks like

T = Today range
Y = Yesterday range
ADR = Avg of 1-Day, 5-Day, 10-Day, and 20-Day ADR
5d = 5-Day ADR
10d = 10-Day ADR
20d = 20-Day ADR

That is how I understand it.
I trade what I see on my charts. Do Not listen to the Muppets.
  • #450
  • Nov 15, 2009 5:53pm Nov 15, 2009 5:53pm
Quoting f4mnect
here it is if anybody wants to look it over. it's the same indicator code wise, i just changed the signal it gives and line sizes to better fit my chart and old eyes
Thanks.
So when both ATR and ADX are in agreement we see TRADE green or red.
  • #451
  • Nov 15, 2009 5:54pm Nov 15, 2009 5:54pm
Quoting zznbrm
I did not create the indicator, but looks like

T = Today range
Y = Yesterday range
ADR = Avg of 1-Day, 5-Day, 10-Day, and 20-Day ADR
5d = 5-Day ADR
10d = 10-Day ADR
20d = 20-Day ADR
I agree with this understanding too!
  • #452
  • Nov 15, 2009 6:00pm Nov 15, 2009 6:00pm
Quoting mary4x
I hope someone answers your question--I don't know either. Another thing I don't know is how to enter 2 pips above/below the candle to the left of the candle that is vertical from the 5 minute block that has just turned green/red to match up with whatever other timeframes one is using.
I maybe incorrect but I follow this rule.

If the signal candle is higher than the candle on the left of it, then enter 2 pips above the signal candle if all other conditions are met on the checklist. It works for me. ( I follow this rule from the 2 block method explained)
  • #453
  • Nov 15, 2009 6:21pm Nov 15, 2009 6:21pm
Thanks LRathi and Zznbrm. Do we enter 2 pips above the signal candle (all other conditions having been met) so that we succeed in getting filled, or is there some other reason? If the signal candle has already gone up more than 2 pips, do we wait for another setup, or go ahead and enter where it currently is (again if other conditions are still valid)?
  • #454
  • Nov 15, 2009 8:06pm Nov 15, 2009 8:06pm
Quoting mary4x
Thanks LRathi and Zznbrm. Do we enter 2 pips above the signal candle (all other conditions having been met) so that we succeed in getting filled, or is there some other reason? If the signal candle has already gone up more than 2 pips, do we wait for another setup, or go ahead and enter where it currently is (again if other conditions are still valid)?
Mary,
It is better to enter +/- 2 pips of signal candle as the PA may go the other way. These are higher probability trades doing it this way.

As to whether you enter if you have missed the two pips is a little bit based on market conditions at the time and what I call trader's discretion. It depends on THRUST etc.

I advise in the beginning to enter on the first retracement of the signal candle as a rule until you feel confident. There are many opportunities that present themselves. This way you have time to check things and not pulling the trigger under any time pressure. The trader is relaxed in mind and emotions
  • #455
  • Nov 16, 2009 12:48am Nov 16, 2009 12:48am
Quoting zznbrm
I did not create the indicator, but looks like

T = Today range
Y = Yesterday range
ADR = Avg of 1-Day, 5-Day, 10-Day, and 20-Day ADR
5d = 5-Day ADR
10d = 10-Day ADR
20d = 20-Day ADR
This is correct.
  • #456
  • Nov 16, 2009 1:06pm Nov 16, 2009 1:06pm
OK so I backtested the day-week-mth to the beggining of 2008 with the little time I had on three pairs. But I now realise that it would not be the same as the method here.

Effectivley It would be the same as putting the SL at the bottom of the 5min singal candle on the 5-15-1hr which is just bonkers. Back to the drawing board on that one, any suggestions?
  • #457
  • Nov 16, 2009 2:20pm Nov 16, 2009 2:20pm
System is still going strong.
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  • #458
  • Nov 16, 2009 8:53pm Nov 16, 2009 8:53pm
As promised, I am sheding off the other indicators and sticking to Trix meter alone. The first day (Monday), I was unsuccessful. I am reading the document again and again until I can identify a good entrance when I see the charts. I will post my successful trades.

Keep on trucking
  • #459
  • Nov 16, 2009 9:23pm Nov 16, 2009 9:23pm
Xecret,

Seeing as the .mq4 file was not posted for the MTf Trix meter, is there any chance you could add the 480min/8hr time frame?

Thanks

Angus.
  • #460
  • Nov 16, 2009 9:36pm Nov 16, 2009 9:36pm
I am refining my H4 system. Started new demo account.

2% of account on each trade. the 1.4 is minilot. (0.7minilot is TP1 or TP2)

Profit %=247.27/3000= 8.24%

I enter with 1.4 minilot and close 50% at tp1 and the remaining 50% at tp2.
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