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  • #481
  • Nov 19, 2009 6:01am Nov 19, 2009 6:01am
Ok PPP...
For Motivation!

Write a trading plan with as much detail to suit you personally.

Market conditions have been good too!

I had to start a new demo from Monday after some strange behaviour with the platform.

Here are the results.
Profit % =18.25 %
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 18.11.2009.jpg Size: 103 KB
Click to Enlarge Name: 18.11.2009 (2).gif Size: 34 KB
  • #482
  • Nov 19, 2009 6:02am Nov 19, 2009 6:02am
Quoting pgpb
Hi PPP

How do you get the TRIX to show as a line on the chart. It looks like moving averages?
Did you need to alter the code, or is there a setting I am missing?

PGPB
Its just the Trix MA, strung out to appropriate values... I am guessing its where it all began... Especially given that a Trix is just an EMA of and EMA of an EMA.

I have attached it in case you do not have it. But, its just for illustrative purposes. I have not really used it for trading, but just to gain a greater understanding of how the Trix works on the chart.

Drag the first one on, and leave it at the standard settings,
Then drag it on again, only change 12 to 36 for M15, and 144 for H1. You will note that it operates like Xecret's indis, in as much as it shows the change of colour PRIOR to the close of the bar, therefore, use it for illustrative purposes only. You can see how it can change its mind a few times within the time frame before the respective bar closes.

Trade on confirmation, not speculation.

I don't know if it will stay on my charts for long. Just a learning exercise.

PPP
How do you make a small fortune in Forex? Start with a large one!
  • #483
  • Nov 19, 2009 8:08am Nov 19, 2009 8:08am
Hi PPP

there was nothing attached to your post.

I would like to see what it looks like, (and put the TRIX on the chart as you have for learning) but I am getting more and more away from indicators.

What I am doing now, is letting the 3 trix give me a buying signal, but before I pull the trigger I go to a "naked" chart and make my final decision based on Support, resistance, and price action.

Best wishes

PGPB
  • #484
  • Nov 19, 2009 10:00am Nov 19, 2009 10:00am
Quoting pgpb



What I am doing now, is letting the 3 trix give me a buying signal, but before I pull the trigger I go to a "naked" chart and make my final decision based on Support, resistance, and price action.

PGPB
You are on the right track ......
  • #485
  • Nov 19, 2009 12:53pm Nov 19, 2009 12:53pm
Quoting lrathi
Which MT4 broker is preferred? Axis ODl or Go trader?

I am deciding but feedback would be great.
G'day Lrathi.
I have live accounts with Gotrader and Axis and have found both to be good. Gotrader is nearly ecn and with the currenex feed seems to be quick but the charts seem out for the trix system. I think Glen uses IBFX for charts so thats what I'm doing now and will use either aussie broker for placing trades. Axis sends an account history to you every day which is a nice touch.
Cheers
We are all One. Be present. Be the Observer
  • #486
  • Nov 19, 2009 2:51pm Nov 19, 2009 2:51pm
Hi PGBP,

Don't know why it didn't attach...

I will have another go...

At the risk of sounding like I am eliciting birthday wishes, today is my birthday. I am a bit excited at the prospect of how well I have been trading lately, and I wonder how differently things will be looking for me and my family in another 12 months time...

PPP
Attached File(s)
File Type: mq4 MA in Color_wAppliedPrice.mq4   5 KB | 270 downloads
How do you make a small fortune in Forex? Start with a large one!
  • #487
  • Nov 19, 2009 2:53pm Nov 19, 2009 2:53pm
Quoting lrathi
Ok PPP...
For Motivation!

Write a trading plan with as much detail to suit you personally.

Market conditions have been good too!

I had to start a new demo from Monday after some strange behaviour with the platform.

Here are the results.
Profit % =18.25 %
Pfft!

18.25% in three days!

Are you even trying?

lol!

Great work!

PPP
How do you make a small fortune in Forex? Start with a large one!
  • #488
  • Nov 19, 2009 3:03pm Nov 19, 2009 3:03pm

The more candles, the bigger the wish.

Rebel.

Keep the charts coming..
  • #489
  • Nov 19, 2009 3:17pm Nov 19, 2009 3:17pm
Quoting paidperpip
Hi PGBP,


At the risk of sounding like I am eliciting birthday wishes, today is my birthday. I am a bit excited at the prospect of how well I have been trading lately, and I wonder how differently things will be looking for me and my family in another 12 months time...

PPP
Happy Birthday!!!
Read the entire thread BEFORE you ask questions!
  • #490
  • Nov 19, 2009 3:35pm Nov 19, 2009 3:35pm
Quoting rebelheart
The more candles, the bigger the wish.

Rebel.

Keep the charts coming..
Thanks guys...

It's funny... For the first time ever in my life, I am more interested in the candles than the cake! lol
How do you make a small fortune in Forex? Start with a large one!
  • #491
  • Nov 19, 2009 4:26pm Nov 19, 2009 4:26pm
Ok, so, I have finally got my trade diary finalised.

Its nothing flash: Just an Excel doc with each trade noted in it, with a balance sheet-like setup for each trade.

Each trade has an improvements column, so I can note what I did wrong/right. It will be handy to have this information to be able to historically check not only my adherence to my trading plan, but also to gauge how to adjust the TP's and SL's under different market conditions. When I can build up a few year's worth of data, I can make the necessary changes based on good statistical validity, rather than a hunch.

It will mean that I will have a bit of a crystal ball in the future, to be able to say in such and such a month, trading will be restricted, thus bring the stops in etc.

Each trade is hyperlinked to a screen shot of the trade, so I can see what the heck I was talking about, 12 months/years down the track!

I can already see the validity of using a diary, on the basis of a only a few entries.

At the end of the day, the entries are quick to input, they link to a picture of what really happened, and give some valuable feedback in terms of following the plan, and will provide good historical data in the future.

(Please excuse me whilst I pat myself on the back!)

Thanks to the input of Glen and lrathi and others, my trading has become a far more professional, and far more accountable affair.

This I like!

PPP
How do you make a small fortune in Forex? Start with a large one!
  • #492
  • Nov 19, 2009 6:45pm Nov 19, 2009 6:45pm
Happy Birthday PPP,
GOOD RESULT !!
I HOPE MY RESULT ALSO SAME WITH YOU ALL IN ONCE DAY.
  • #493
  • Nov 19, 2009 7:13pm Nov 19, 2009 7:13pm
Happy birthday and what a great birthday present for you with hope of a successful trading career ahead.

Regards
  • #494
  • Nov 19, 2009 7:22pm Nov 19, 2009 7:22pm
Quoting Iamfx
G'day Lrathi.
I have live accounts with Gotrader and Axis and have found both to be good. Gotrader is nearly ecn and with the currenex feed seems to be quick but the charts seem out for the trix system. I think Glen uses IBFX for charts so thats what I'm doing now and will use either aussie broker for placing trades. Axis sends an account history to you every day which is a nice touch.
Cheers
PPP and Iamfx: Thanks for your feedback.

Iamfx: have you tried the management EA on Gotrader?

Gotrader: nearly ECN.... do you think this is why the Trix system signals are a bit different to AxisODl?

AxisODL: close to IBFX data feed.... IBFX recently sent an update only 1:100 leverage to comply with NFA regulations and spread are competitive depending on market conditions. What of AXIS ODL keeping up with IBFX.
AxisODl also offer indicies and CFD's data feeds.

Just my thoughts. I want to change to an aussie broker. The NFA regulations do not apply and I still have a regulatory body protecting my account balance with the aussie broker. Both offer lexibility of microlots and minilots..... both still offering 1:200 leverage if a trader wants to go there.
  • #495
  • Nov 19, 2009 10:32pm Nov 19, 2009 10:32pm
Quoting lrathi
PPP and Iamfx:...
The Update stops 2 ea works fine with Gotrader---but last night with IBFX the movestop function didnt work although everything else seems OK. We have tried heaps of brokers and they all seem to have idosyncrasies depending on what system you are trading with them and I think its just a matter of trying them and see if you like. I've come to the conclusion that it is very easy to change brokers.
We are all One. Be present. Be the Observer
  • #496
  • Nov 19, 2009 10:41pm Nov 19, 2009 10:41pm
Quoting weisiong00
Happy Birthday PPP,
GOOD RESULT !!
I HOPE MY RESULT ALSO SAME WITH YOU ALL IN ONCE DAY.
Thank you!

It will come, with practice and understanding...

PPP
How do you make a small fortune in Forex? Start with a large one!
  • #497
  • Nov 19, 2009 10:44pm Nov 19, 2009 10:44pm
Quoting lrathi
Happy birthday and what a great birthday present for you with hope of a successful trading career ahead.

Regards
Thanks lrathi...

Its been a great day so far... Lets see if the markets will give me more gifts tonight!

PPP
How do you make a small fortune in Forex? Start with a large one!
  • #498
  • Nov 19, 2009 11:11pm Nov 19, 2009 11:11pm
Quoting Iamfx
The Update stops 2 ea works fine with Gotrader---but last night with IBFX the movestop function didnt work although everything else seems OK. We have tried heaps of brokers and they all seem to have idosyncrasies depending on what system you are trading with them and I think its just a matter of trying them and see if you like. I've come to the conclusion that it is very easy to change brokers.
Thanks
  • #499
  • Nov 19, 2009 11:35pm Nov 19, 2009 11:35pm
G'day Lrathi
I've noticed on your charts lots of pairs that Glen doesnt mention. I'm wondering if you find the system works well on these--or can you give a recommendation as to which ones?
Cheers
We are all One. Be present. Be the Observer
  • #500
  • Nov 20, 2009 12:00am Nov 20, 2009 12:00am
Quoting Iamfx
G'day Lrathi
I've noticed on your charts lots of pairs that Glen doesnt mention. I'm wondering if you find the system works well on these--or can you give a recommendation as to which ones?
Cheers
You are right.

My trading plan is different from Gleneagles,( which is expected ) BUT I use the essence of the MTF TRIX system provided by Gleneagles.

Remember the PIE chart of trading plan.... only one third is METHOD.

Do you recall reading Glenagles postings saying he uses several different strategies.
Do you recall reading he trades different pairs depending on the different TF's he trades.....

Ok .... from here....

Have you written your trading plan?

Have you decided the TF you want to trade? What is it?

Have you decided what pairs you want to trade? What are they?

Have you decided on your exit strategy? What is it?

How long have you traded your trading plan? Love to see your demo account statement.

Remember...... Gleneagles suggests the pairs he trades....it works for him in practical and technical terms according to his TIME and Personality and Money management priority and what he feels comfortable with.

Remember, trading is a PERSONAL JOURNEY..... Write your OWN TRADING PLAN and then TRADE IT.


What TF do you see I trade? How many strategies do I trade? Does it matter? What is my exit strategy? DOES it have to be exactly Glen's Or the essence of it? Are we the same person? Do I employ staff to trade for me?

The point I am making...... try trading the essence of MTF TRIX provided by glen....
try trading your own personal plan....
When you prove to yourself what you can do in trading..... diversify,explore and see what works for you.
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