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MTF Trix system

  • #3,481
  • Edited 2:53pm Nov 20, 2009 7:17am | Edited 2:53pm
This is how it works:

 

  1. short signal from MTF Trix
  2. price under BB Stop
  3. ATR5 > ATR25.

Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2011 2.gif Size: 40 KB
Click to Enlarge Name: 2011 1.gif Size: 41 KB
  • #3,482
  • Edited 8:26am Nov 20, 2009 7:57am | Edited 8:26am
Ok found it... volty channel is what you are using. OK...

What are the trix tf's on the bottom? 5 15 60 and? thanks

Brian
Quoting Indrek
This is how it works:

 

  1. short signal from MTF Trix
  2. price under BB Stop
  3. ATR5 > ATR25.

  • #3,483
  • Nov 20, 2009 8:23am Nov 20, 2009 8:23am
Indrek, does the atr 25 have to be above 5 atr for a long set up..?
  • #3,484
  • Nov 20, 2009 9:30am Nov 20, 2009 9:30am
Quoting rebelheart
Indrek, does the atr 25 have to be above 5 atr for a long set up..?
No! For all trades - 5 above 25. If shorter ATR is above then it means that volatility is growing. As Trix is a trend indicator, we have to catch volatile periods for our trades.
  • #3,485
  • Nov 20, 2009 9:33am Nov 20, 2009 9:33am
Quoting golden1
Ok found it... volty channel is what you are using. OK...

What are the trix tf's on the bottom? 5 15 60 and? thanks

Brian
I have both BB Stop and Volty Channel on my chart and I try to figure out during some period, which is better. So far my preference is BB Stop.
  • #3,486
  • Nov 20, 2009 10:50am Nov 20, 2009 10:50am
Can you post the bb stop you are using then and the settings?

Also, you were using 5 15 60, why did you add back in the
30? Has that made a difference in your trades you think?

1 hr, 30, 15 all have to be confirmed closed in your direction
before entering, correct? For your trades...

And lastly.. that last block of trix below the others,
that is the 4hr or daily?

Thanks

Brian

Quoting Indrek
I have both BB Stop and Volty Channel on my chart and I try to figure out during some period, which is better. So far my preference is BB Stop.
  • #3,487
  • Nov 20, 2009 10:56am Nov 20, 2009 10:56am
Quoting golden1
Can you post the bb stop you are using then and the settings?

Also, you were using 5 15 60, why did you add back in the
30? Has that made a difference in your trades you think?

1 hr, 30, 15 all have to be confirmed closed in your direction
before entering, correct? For your trades...

And lastly.. that last block of trix below the others,
that is the 4hr or daily?

Thanks

Brian
The blocks in the first window are 240,60,15,5 and in the separate window I have 30. I trade either 60,15,5 or 30,5 depending on situation. But I trade them separately, so it is not necessary that all four TFs match.
These two trades from today were both taken as 30,5 because 60 did not confirm.
I do not usually trade MTF Trix 240,15,5 because I trade another system from H4 chart.

Here is BB Stop. I use default settings.
Attached File(s)
File Type: mq4 BBands_Stop_v1.mq4   5 KB | 551 downloads
  • #3,488
  • Nov 20, 2009 8:25pm Nov 20, 2009 8:25pm
Hi Indrek, can you post MTF_Trix_Meter_1.1d.ex4 (on first page cant download) and mtf trix bar?
  • #3,489
  • Edited 11:20am Nov 21, 2009 7:47am | Edited 11:20am
Quoting master3333
Hi Indrek, can you post MTF_Trix_Meter_1.1d.ex4 (on first page cant download) and mtf trix bar?
Here is 1.1d. I do not suggest to waste time on testing all possible versions of the same indicator as they all show the same.

I checked the files on first page. The 1.1d file is very well downloadable as much as I see. What problem did you have with it?
Attached File(s)
File Type: ex4 MTF_Trix_Meter_1.1d.ex4   11 KB | 681 downloads
  • #3,490
  • Nov 21, 2009 10:58am Nov 21, 2009 10:58am
Hi, this too is not this file? , when im downloading trix meter that say this file is attachment.php not mq4 or ex4,all another files is ok , pls post only MTF_TRIX_BAR that you use, thanks.
  • #3,491
  • Edited 12:39pm Nov 21, 2009 12:04pm | Edited 12:39pm
Quoting master3333
Hi, this too is not this file? , when im downloading trix meter that say this file is attachment.php not mq4 or ex4,all another files is ok , pls post only MTF_TRIX_BAR that you use, thanks.
Both files - the one on the first page and the one I posted today are downloadable. Even the link in your own post can be used for downloading just by clicking on it. I am sorry, I cannot say why you are not able to download.

I use "Trix MTF meter roy 05 showing confirmed signals" for higher timeframes and "MTF Trix Meter 1.1d" for M5 timeframe.

Here is my present template and all indicators that are on the chart. Hope, this helps.
Attached File(s)
File Type: zip Indrek.zip   51 KB | 1,082 downloads
  • #3,492
  • Edited 1:40pm Nov 21, 2009 12:46pm | Edited 1:40pm
Quoting Indrek
Both files - the one on the first page and the one I posted today are downloadable. Even the link in your own post can be used for downloading just by clicking on it. I am sorry, I cannot say why you are not able to download.

I use "Trix MTF meter roy 05 showing confirmed signals" for higher timeframes and "MTF Trix Meter 1.1d" for M5 timeframe.

Here is my present template and all indicators that are on the chart. Hope, this helps.
That would be a VERY GOOD reason why I cannot match up the signals you post on you charts. I never thought of mixing the 2 indicators.

Thank you for the info.
I trade what I see on my charts. Do Not listen to the Muppets.
  • #3,493
  • Nov 21, 2009 12:59pm Nov 21, 2009 12:59pm
Quoting Vanhook2
That would be a VERY GOOD reason I cannot match up the signals you post on you charts. I never thought of mixing the 2 indicators.

Thank you for the info.
I mixed them for a certain purpose:

 

  1. Roy's does not change its colour whenever Trix crosses 0 but only at the beginning of a new period when the signal has been confirmed. So, when using it for higher timeframes, we can see what is sure.
  2. Xecret's 1.1d is better for M5 because it matches with the Scalper arrows. With Roy's 05 we have to watch the "candle before signal candle" that is absolutely unacceptable for my eyes.

  • #3,494
  • Nov 21, 2009 3:34pm Nov 21, 2009 3:34pm
Quoting Indrek
I mixed them for a certain purpose:

 

  1. Roy's does not change its colour whenever Trix crosses 0 but only at the beginning of a new period when the signal has been confirmed. So, when using it for higher timeframes, we can see what is sure.
  2. Xecret's 1.1d is better for M5 because it matches with the Scalper arrows. With Roy's 05 we have to watch the "candle before signal candle" that is absolutely unacceptable for my eyes.

But, is the M5 (Xecret's 1.1d) really needed when we have the smScalper Signals indicator? I'm just thinking of system resources
Has the error it produces been resolved?
http://www.forexfactory.com/showpost...postcount=3229
http://www.forexfactory.com/showpost...postcount=3230
http://www.forexfactory.com/showpost...postcount=3234
Agreed, it works, but my is OCD kicking in again.

Either way, what works for me might not work for another person.
What is important is that the system works.
I trade what I see on my charts. Do Not listen to the Muppets.
  • #3,495
  • Nov 21, 2009 3:44pm Nov 21, 2009 3:44pm
Quoting Vanhook2
But, is the M5 (Xecret's 1.1d) really needed when we have the smScalper Signals indicator? I'm just thinking of system resources
Has the error it produces been resolved?
http://www.forexfactory.com/showpost...postcount=3229
http://www.forexfactory.com/showpost...postcount=3230
http://www.forexfactory.com/showpost...postcount=3234
Agreed, it works, but my is OCD kicking in again.

Either way, what works for me might not work for another person.
What is important is that the...
Is there any difference what the "Journal" is saying if an indicator just works well? I would suggest people to trade instead of reading journals

Now, if to speak seriously then yes, I need both Scalper Signals and 1.1d for M5. And, of course, it is true that everyone has to find own ways to trade. There is no "we" in trading, every trader is alone with his/her decisions.

I would not use any confirming tools if I had time for watching the charts all day long. This system is tradeable with just MTF Trix + some basic knowledge and discretion. But what I am working on, is to make the system as mechanical as possible. And for this purpose, some confirmation tools are badly needed.
  • #3,496
  • Nov 21, 2009 4:06pm Nov 21, 2009 4:06pm
Quoting Indrek
Is there any difference what the "Journal" is saying if an indicator just works well? I would suggest people to trade instead of reading journals

Now, if to speak seriously then yes, I need both Scalper Signals and 1.1d for M5. And, of course, it is true that everyone has to find own ways to trade. There is no "we" in trading, every trader is alone with his/her decisions.

I would not use any confirming tools if I had time for watching the charts all day long. This system is tradeable with just MTF Trix + some basic knowledge and discretion....
I will take that as a NO as the answer to my questions.
Thank you.
I trade what I see on my charts. Do Not listen to the Muppets.
  • #3,497
  • Nov 21, 2009 4:09pm Nov 21, 2009 4:09pm
Quoting Vanhook2
I will take that as a NO as the answer to my questions.
Thank you.
The truth is, I have never found any errors in the behavior of this indicator. If something works then it does not need fixing?
  • #3,498
  • Nov 21, 2009 7:09pm Nov 21, 2009 7:09pm
everything is ok, event better, thanks Indrek for the zip!
  • #3,499
  • Nov 22, 2009 1:24am Nov 22, 2009 1:24am
Quoting master3333
everything is ok, event better, thanks Indrek for the zip!
  • #3,500
  • Nov 22, 2009 9:32am Nov 22, 2009 9:32am
Indrek, how get four lines in one window in Trix MTF meter roy? i get only line and one time frame
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