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  • #681
  • Edited 9:10am Dec 6, 2009 2:23am | Edited 9:10am
We may be using this technology in our trading in the future!??

http://www.ted.com/talks/pranav_mist...echnology.html
  • #682
  • Dec 6, 2009 9:06am Dec 6, 2009 9:06am
Quoting lrathi
We may be using this technology in our trading in the future!??

http://www.ted.com/talks/pranav_mist...echnology.html
Very very interesting.......thanks
Pardy
  • #683
  • Dec 6, 2009 10:05pm Dec 6, 2009 10:05pm
HI ALL


just found the thread

what is your results like % win to lose if you do not mind please be gentle as am a newbie still finding my way in this forex jungle and so many systems to come across
"The person who knows that enough is enough, will always have enough". .
  • #684
  • Dec 6, 2009 10:34pm Dec 6, 2009 10:34pm
Quoting maq
HI ALL


just found the thread

what is your results like % win to lose if you do not mind please be gentle as am a newbie still finding my way in this forex jungle and so many systems to come across
Welcome to the thread,

We understand your "PLEASE BE GENTLE" request. We are kind people here,but also volunteers and traders and expect that by now 95% of questions have been asked and answered at this stage.

For the convenience of newbies like yourself and us volunters alike ,Most of these answers are found in the manual provided in post 1 including your question. The manual has been provided as a summary of
1. Method using three versions of the MTF TRIX meter
2. Q&A from traders through over 3500+ posts.

The manual has A TABLE OF CONTENTS which is designed to make it easier for the reader too!
1.Under Performance Q&A page 13/14 (there is a typing error in the pages) you will find your answer.
2. If you read the posts of this thread you will find some trader's performance exceeds what is mentioned in the manual.

This is a winning strategy.......
requires:
1. A written trading plan
2. demo trade your plan.

Hope you understand that we volunteers come across a range of newbies from those who insist on being spoonfed to those who use the manual as adults. I discourage spoonfeeding and my posts will sound a bit "NOT GENTLE"as I have spent hours putting the manual together and even trying to keep it updated.

Regards
  • #685
  • Dec 6, 2009 11:19pm Dec 6, 2009 11:19pm
irathi thank you for a fast reply

the reason i put in please be gentle is because i am coming into this thread and asking what is your results are like % win to lose

i have been around year+ learning lots here on FF on other threads i must be suscribed to about 7 different ones so been doing alot of reading and just come across this thread today again another that looks very interesting

thats why i came s8 in and asked what is your results are like % win to lose

yourself and alot of other very nice people here on FF have put alot into helping newbie's like myself so a big thank you to all

don't want a fish given but do want to be able to get many everyday

peace
"The person who knows that enough is enough, will always have enough". .
  • #686
  • Edited 8:11pm Dec 7, 2009 6:51pm | Edited 8:11pm
Quoting maq
irathi thank you for a fast reply

the reason i put in please be gentle is because i am coming into this thread and asking what is your results are like % win to lose

i have been around year+ learning lots here on FF on other threads i must be suscribed to about 7 different ones so been doing alot of reading and just come across this thread today again another that looks very interesting

thats why i came s8 in and asked what is your results are like % win to lose

yourself and alot of other very nice people here on FF have...
G'day Maq,

Best way to discover the results is to trade the setup, as stated, and see how your equity line looks in a fortnight's time. There are a few traders who trade this thing live (myself included) and provided that you do not violate a single rule, it works well.

Depending on the velocity of the market, you may or may not reach all of your TP's, but I am yet to take a trade with this setup where the market immediately reversed and left me stranded. There is always some profit in it, and when you get nice days like Friday and Monday, it is a pleasure to be in and reaping pips.

In terms of percentages, I can tell you that I have made money 100% of the time that I have followed the rules. That is only based on an month's worth of my own data though, but you can take the guidance of Gleneagles, who has traded professionally for many years, with this strategy as a mainstay.

The setup is simple enough to learn, and very profitable. Take the time to familarise yourself with the Indis, the manual and the thread, and it will all start making sense soon enough.

Trade it as it was meant to be traded and you will do fine. There is always a lot of work being done by folks regarding new indis and the like, and in this, this thread is really no different to any other on FF. But if you trade this setup, as stated, you will find that you will certainly be out in front. As I have mentioned before, if someone can create something that works better than the current setup, than I am sure even the author and long term trader of this sytem will be here, asking questions.

All the best of luck, not that you will need it!

PPP
How do you make a small fortune in Forex? Start with a large one!
  • #687
  • Dec 7, 2009 8:09pm Dec 7, 2009 8:09pm
I have been a bit quiet for the past week... There have been few opportunities for me to trade with other 'end of year' business taking precedence...

Even missed out on the glorious runs on Friday and last night!

I just wanted to make a note about the new indis:

Firstly, a great big thank you to Swing Man for keeping us in mind. His developmental and coding brilliance is only surpassed by his generosity to his fellow traders.

I am intrigued by the Trio, and perhaps my data set was too small (I only went back about two months on six pairs), but I could see that Trio and Trix gave the same signals in a lot of cases, and when they were different, it seemed to be around 50/50 as to which one got the best entry. I saw a greater difference in 30/5 settings than in 60/15/5, but again, it was around 50/50 as to which one got in better/first. If someone has data to the contrary, I would love to understand the distinction between the two better.

I look forward to the developments to come!

I wanted to give a personal thank you to SM though, because now I no longer need to painfully rebuild the Roy indi stack, each and every time I need to recreate it for whatever reason. SM, you have no idea what it is like to simply drag your indi directly onto the chart, and to have all the TF's already setup for you! Heaven!

My only query in this regard (and I can see that you have had heaps of suggestions from other traders, so I don't want to overwhelm you with my little one) is that when I put the 240/15/5 Trix/Trio on the chart, it is all nicely balanced. But when I put the 30/5 version on, the bars are all gathered at the bottom of the sub-window. My request would be purely cosmetic: to have the indi display symetrically, so I realise my request is of a very low priority. You have bigger fish to fry!

Other than this, I look forward to seeing if Trio can out do Trix as an indi for MTF trading.

On this note, I wish everyone all the best for the week, and I hope some of us are still able to take the time to trade as well as develop new indis.

PPP
How do you make a small fortune in Forex? Start with a large one!
  • #688
  • Dec 8, 2009 9:20am Dec 8, 2009 9:20am
For some reason I can't download the Mandatory indicators file...
  • #689
  • Dec 8, 2009 9:56am Dec 8, 2009 9:56am
Quoting musso
For some reason I can't download the Mandatory indicators file...
Try downloading from the paperclip icon as well as post #1.

Paperclip icon on the right side top of each page.
  • #690
  • Dec 8, 2009 10:04am Dec 8, 2009 10:04am
Quoting lrathi
Try downloading from the paperclip icon as well as post #1.

Paperclip icon on the right side top of each page.
THank YOu!!
  • #691
  • Dec 8, 2009 7:21pm Dec 8, 2009 7:21pm
In the one and only trading night I have available to me this week, I managed to get the following:

GU = +25, +35, +1
EU = +25, +35, + 28

149.

Late entry on GU, hence the lower yeild.

PPP
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu091208.gif Size: 34 KB
Click to Enlarge Name: eu091208.gif Size: 37 KB
How do you make a small fortune in Forex? Start with a large one!
  • #692
  • Dec 9, 2009 2:37am Dec 9, 2009 2:37am
THANK YOU SWINGMAN very much!
These latest versions can be obtained from the link below.

http://www.forexfactory.com/showpost...&postcount=609

I decided to post a chart with the latest versions of Swingman"s new indicators
1. smMTFTrio Avg Signals v6
2. smMTF Trio Meter v4

The meter is set for trix is the same as MTF Trix meter roy 05. The advantages are:
a) one can set 4 TF's by adding the indicator once.( not 4x and changing the height of the line)
b) has alerts when the TF's line up... ie both popup and email alerts.
c) this version is the most accurate one as a slight error was found in the TRIX indicator programmed used for the roy 05 version.

The signals give arrows on the chart when the line up occurs with alerts too.

These versions are working well during the EUR/LON session so far,including the alerts

For the aussie traders, I have been demo trading on the Go forex platform, the spreads, execution and the small lot sizes down to nanolots is available along with leverage range.

In a couple of days, I am up 26% of my account with a few errors working out the right lots and leverage and those sort of things on this new platform.

I am trading 2% of my account on each trade, 200:1 leverage .

Very happy so far!

Swingman's indicators has helped a great deal.

IMO: I prefer to keep the MTF TRIX meter on my chart as it lets me know when the trend first changes at a glance rather than replace it with the arrows. This helps with the HINT 2 condition of the strategy.

I have included the xecret version 0.92d to show those using it/or not....
The first trend change can be seen most easily and it has the labels for each TF and time left for each TF .

Thanks

Edit: the two images look the same, but one is the MTF TRIX meter v4 and the other is the Signal v6 indicator settings.
Attached Image (click to enlarge)
Click to Enlarge Name: meters roy 05 & SM.gif Size: 30 KB
Attached Images
  • #693
  • Dec 9, 2009 5:51am Dec 9, 2009 5:51am
Hi LRathi,

Thanks for all that you're doing and thanks to ppp and gleneagles as well.

Despite reading the manual and the thread several times I till had a few questions on the tp, sl and ts for the 240-15-5 variation.

The manual has suggested values for the 60-15-5 variation on 4 pairs which I understand is more of an example as there is no perfect tp and sl, and effective values are dynamic rather than static and depend on the prevalent market condition like volatility when the trade is entered. So you cant really adhere to a definite value

For the 240-15-5 variation the manual has suggested values for the GJ pair which once again is more of an example (Iassume)

Somewhere in the thread I read it is recommended to double the values of thr 60min variation when using the 240 min variation

My question is what values did you adopt and how did you calculate them for the 240 variation?

thx again
  • #694
  • Dec 9, 2009 6:15am Dec 9, 2009 6:15am
Quoting fugly
Hi LRathi,

Thanks for all that you're doing and thanks to ppp and gleneagles as well.

Despite reading the manual and the thread several times I till had a few questions on the tp, sl and ts for the 240-15-5 variation.

The manual has suggested values for the 60-15-5 variation on 4 pairs which I understand is more of an example as there is no perfect tp and sl, and effective values are dynamic rather than static and depend on the prevalent market condition like volatility when the trade is entered. So you cant really adhere to a definite value...
You are right!

There is no definate SL/TP/TS values given for the 240-15-5 strategy.
The suggestion is double the values given for the 60-15-5 strategy.

Regards,
  • #695
  • Dec 9, 2009 8:50am Dec 9, 2009 8:50am
Hi everybody,

I've just finished reading the manual associated with this style of trading, and i'm just curious if this can be applied to scalping? for example 15M - 5M - 1M?

The reason I ask is because I have about 2 hours a day to trade in the morning approx 8am EST - 10AM


I took a 5 month ciesta from trading after the Edgetrader - C4 scalping fiasco. I was a avid follower of the C4 scalping system.

Now i'm just curious where to throw my anchor and start learning a new system.


Thanks guys
  • #696
  • Dec 9, 2009 10:44am Dec 9, 2009 10:44am
Quoting Chasem

I took a 5 month ciesta from trading after the Edgetrader - C4 scalping fiasco. I was a avid follower of the C4 scalping system.

I never read that thread what was the fiasco?

I don't think anyone on the thread uses the 1 min
  • #697
  • Dec 9, 2009 11:42am Dec 9, 2009 11:42am
It ended up being a HUGE scammarolie that went on for months.

Quoting fugly
I never read that thread what was the fiasco?

I don't think anyone on the thread uses the 1 min
  • #698
  • Dec 9, 2009 11:43am Dec 9, 2009 11:43am
Quoting fugly
I never read that thread what was the fiasco?

I don't think anyone on the thread uses the 1 min
Lets keep this thread focused on trading this system.
Threads get messy when they start getting into gossip, or worse fighting.

A lot of people discovered Gleneagles when he started posting his "scalping" trades, based off the 30 - 5 system, in Edgetraders thread.
Edgetrader was proved to be a scammer.

Glen would often show winners of 30 pips or more based on that system. (30-5)

The whole "less is more" idea that Edgetrader suggested, is not a healthy way for new traders to put their focus. The idea of trying to increase your account by grabbing about 5 pips here or there (WITH A STOP LOSS OF 20 OR 30 PIPS!!!!) is not a good one in my opinion.

'Chasem' if you can only trade between 8am to 10am EST, look for set ups and if there is not one there.....don't trade.

The advice "if there is not a set up, don't trade" is probably one of the best bits of advice anyone (including myself) can learn.
We are rewarded for waiting for the best set ups.

If you are not a profitable trader, rather than looking at the lower time frames, look at the higher time frames. If your account is not going up, master the 60-15-5 first.

Best wishes!

PGPB
  • #699
  • Dec 9, 2009 12:05pm Dec 9, 2009 12:05pm
Quoting pgpb
Lets keep this thread focused on trading this system.
Threads get messy when they start getting into gossip, or worse fighting.

A lot of people discovered Gleneagles when he started posting his "scalping" trades, based off the 30 - 5 system, in Edgetraders thread.
Edgetrader was proved to be a scammer.

Glen would often show winners of 30 pips or more based on that system. (30-5)

The whole "less is more" idea that Edgetrader suggested, is not a healthy way for new traders to put their focus. The idea of trying to increase your account by...

Very well put & very sound advice.
I trade what I see on my charts. Do Not listen to the Muppets.
  • #700
  • Dec 9, 2009 12:09pm Dec 9, 2009 12:09pm
Sorry I'm not trying to derail the thread, Thanks a lot PGPB for the useful information



Quoting pgpb
Lets keep this thread focused on trading this system.
Threads get messy when they start getting into gossip, or worse fighting.

A lot of people discovered Gleneagles when he started posting his "scalping" trades, based off the 30 - 5 system, in Edgetraders thread.
Edgetrader was proved to be a scammer.

Glen would often show winners of 30 pips or more based on that system. (30-5)

The whole "less is more" idea that Edgetrader suggested, is not a healthy way for new traders to put their focus. The idea of trying to increase your account by...
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