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  • #761
  • Jan 15, 2010 1:21am Jan 15, 2010 1:21am
Sorry...chart attached (see Post 757)

Freddi
Attached Image (click to enlarge)
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  • #762
  • Jan 15, 2010 3:36pm Jan 15, 2010 3:36pm
Quoting golden1
Appreciated

Brian
Update

http://www.forexfactory.com/showpost...stcount=180913
I trade what I see on my charts. Do Not listen to the Muppets.
  • #763
  • Jan 15, 2010 4:55pm Jan 15, 2010 4:55pm
Quoting freddi
Sorry...chart attached (see Post 757)

Freddi
Hi freddi,

The only thing that I could suggest is that if you were to adhere to Hint 2, you would have gotten into the trade much earlier, about 24-25 bars back when the 60min trix switched to blue. Wouldn't have had to worry about the pivot at that point as well...I'm just not sure if that would have fallen within your trading hours...
  • #764
  • Jan 16, 2010 9:27am Jan 16, 2010 9:27am
Hi b-rock...could you please PM/email me.

Thanks

Freddi

Quoting b-rock
Hi freddi,

The only thing that I could suggest is that if you were to adhere to Hint 2, you would have gotten into the trade much earlier, about 24-25 bars back when the 60min trix switched to blue. Wouldn't have had to worry about the pivot at that point as well...I'm just not sure if that would have fallen within your trading hours...
  • #765
  • Jan 17, 2010 8:53pm Jan 17, 2010 8:53pm
Quoting lrathi
I have a good break from trading and an opportunity to keep up with new stuff and/or old stuff re-invented.

I have read all the posts while I have been away.

I agree with LUCKYLADY and pgpb regards each day preparation time to draw trendline on the higher TF's.

Trendlines are great S&R areas. Draw TL's on H1 starts each day for 60-15-5 strategy etc. and wait on M5 to see when price breaks.Trade with the H1 trend on M5.

As part of my new reading for forex over the break:
The trix indicator is such a great indicator in more ways than one....
what do you means by Swingman's trix indicator version with the horizonal lines is so good. ( More on this in another post)
i wish to know more about it, can i?
  • #766
  • Jan 18, 2010 3:51am Jan 18, 2010 3:51am
Quoting weisiong00
what do you means by Swingman's trix indicator version with the horizonal lines is so good. ( More on this in another post)
i wish to know more about it, can i?
In the manual page 5 the following is mentioned:

"TRIX is the indicator used. TRIX displays the percent rate-of-change of a triple exponentially
smoothed moving average of the security's closing price. It is an oscillator and momentum built in.
Also, divergences between PRICE and TRIX can indicator significant turning points in the market.
Its trend following properties and leading indicator considerations has advantages to many other indicators."



Further manual page 6 Q3 says:


Q3. What is the purpose of the horizontal lines on the smSuperTrix_PV _v2 indicator?

Horizontal lines help determine when to enter, PA more volatile above/below these lines. Help to keep out of

ranging markets and enter when the market is trending.

In reference to the momentum feature/quality of TRIX indicator and the horizontal lines in Q3.

I have attached a chart comparing Swingman's trix version and two other professional trading groups using a similar filter to enter their trades.

I found this very interesting. The chart attached should read Group1 trader and group 2 trader.( typo error.)

Do not ask who the other groups are...... they are two independant commercial large trader groups and I have blocked the names out on the indicators. Both charge handsome fees to follow them......One up to $2000 for similar set of indicators as we have been generously given by the programmers who support the MTF TRIX system here.

Google and spend yur time researching like I have done.You may even get to try them for free like I did.

MTF TRIX is a sound profitable system.

USe Swingman's dashboard for added information and that is all you need. At the start of UK open today GBPJPY indicated the pair to trade. I made 90 pips. I am happy. Some made more on the same trade I am sure.

Happy trading!
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  • #767
  • Jan 19, 2010 12:36pm Jan 19, 2010 12:36pm
Thanks...
you use the default settings now as is then?

I want to contribute to the thread a bit later
if no one minds me adding my 2 cents to
help others.

Brian

Quoting Vanhook2
Update

http://www.forexfactory.com/showpost...stcount=180913
  • #768
  • Jan 19, 2010 1:31pm Jan 19, 2010 1:31pm
Quoting golden1
Thanks...
you use the default settings now as is then?

I want to contribute to the thread a bit later
if no one minds me adding my 2 cents to
help others.

Brian

Still the same,

Len = 14

Smooth = 2
I trade what I see on my charts. Do Not listen to the Muppets.
  • #769
  • Jan 19, 2010 8:31pm Jan 19, 2010 8:31pm
Irathi, which time frame should i installed in??
because the EA show different ranking in the different time frame .
and what is the meaning in the column ranges number??
  • #770
  • Jan 20, 2010 9:46am Jan 20, 2010 9:46am
Quoting weisiong00
Irathi, which time frame should i installed in??
because the EA show different ranking in the different time frame .
and what is the meaning in the column ranges number??
Why do you ask the same question on two different threads? Ask once on one thread is sufficient.

Thanks

By now you must be making profitable trades. Share your results on this thread and help other new traders too!!?? Hope they ask you 1000 questions too and you will respond to them too with a big smile.
  • #771
  • Jan 20, 2010 3:31pm Jan 20, 2010 3:31pm
What is the best way to do stop loss? I tried using either 40 or 80 pips depending on the Trix Meter strategy and also currency pairs. But sometimes this gives premature stop then the market bounce back...that's an ouchy. I tried not using stop loss, the drawdowns turned out to be bigger than the profit. So, what is the best way to do stop loss? I don't know how to use ATR...

Irathi thanks for the tips on the Dashboard from Swingman. Fantastic tool to have. And by the way, people let's make the chart simple to just Trix Meter, Pivot levels and ADR.

The best way to trade well is to learn from your own mistakes.
  • #772
  • Jan 20, 2010 5:56pm Jan 20, 2010 5:56pm
Quoting ForexHunter
What is the best way to do stop loss? I tried using either 40 or 80 pips depending on the Trix Meter strategy and also currency pairs. But sometimes this gives premature stop then the market bounce back...that's an ouchy. I tried not using stop loss, the drawdowns turned out to be bigger than the profit. So, what is the best way to do stop loss? I don't know how to use ATR...

Irathi thanks for the tips on the Dashboard from Swingman. Fantastic tool to have. And by the way, people let's make the chart simple to just Trix Meter, Pivot levels and...
Stop loss and exits are difficult rules to set in stone. The ones given are suggested values from Gleneagles who is a profesional trader . These are just guidelines.

I agree one many occasions I have been stopped out depending on the volility of the pair on the day.

There are many approaches and strategies to this area of trading.

If you google "Stop loss and exit strategies".... there are many different options that traders use. It is your personal choice.

I find using management EA's set values have a place.... however, managing a trade manually when I can.... I use prior swing Highs/lows. I use partial closes and set my stop to BE+3 as soon as I can. The rest of the trade is a free trade as far as capital preservation.

Google 'ATR for stop loss' and see what comes up. What you do not know is no reason not to learn from cyberspace. Plenty out there....This is how I learn my concepts. Using MT4 as a platform has virtually every concievable indicator programmed for free. Just spend time looking for them !

Yes the combi trend column is an essential tool to have in any trading strategy. Those who have seen the light are the wise ones... the rest I hope will wake up. Thanks again to Swingman who always provides us with excellent tools. I do wish I could program too, I would add modifications at my convience.

Happy trading!
  • #773
  • Jan 21, 2010 4:31pm Jan 21, 2010 4:31pm
Irathi,

When u wrote"I use prior swing Highs/lows. I use partial closes and set my stop to BE+3 as soon as I can. "...Is the Highs/Lows swing from yesterdays High and Lows? Or when looking at the bigger time frame like 1H or 4H Highs/Lows. Do you know that using Gleneagles's recommended stop losses sometimes fit the Highs/Lows? And about the BE+3, is that when the entrance is already in the money for 20 0r 25 pips? Or less?
  • #774
  • Jan 21, 2010 8:45pm Jan 21, 2010 8:45pm
Can someone help me please.

I have set up the update stops (2) EA successfully on USD pairs but I can't get it to work on the Yen pairs, is there a special trick to it.

Thanks
  • #775
  • Jan 22, 2010 3:54am Jan 22, 2010 3:54am
Quoting Staghead
Can someone help me please.

I have set up the update stops (2) EA successfully on USD pairs but I can't get it to work on the Yen pairs, is there a special trick to it.

Thanks
Read this post & see if it help you.

http://www.forexfactory.com/showpost...&postcount=365

Make sure your Broker Symbol is set correctly
I trade what I see on my charts. Do Not listen to the Muppets.
  • #776
  • Jan 22, 2010 4:53pm Jan 22, 2010 4:53pm
Quoting Vanhook2
Read this post & see if it help you.

http://www.forexfactory.com/showpost...&postcount=365

Make sure your Broker Symbol is set correctly

Thanks Vanhook, I have seen the post before and will go over it again and then check my settings and then test it on Monday when the market opens.
  • #777
  • Jan 24, 2010 5:09pm Jan 24, 2010 5:09pm
Quoting Vanhook2
Read this post & see if it help you.

http://www.forexfactory.com/showpost...&postcount=365

Make sure your Broker Symbol is set correctly

I have re-read the post and checked my settings but I still can't get it to work on EURJPY. Once I put an order on the "confirm hard stop setting" message continually appears and once the trade gets into profit it closes out.

Any thoughts would be appreciated.

Thanks
  • #778
  • Jan 24, 2010 9:33pm Jan 24, 2010 9:33pm
Quoting ForexHunter
Irathi,

When u wrote"I use prior swing Highs/lows. I use partial closes and set my stop to BE+3 as soon as I can. "...Is the Highs/Lows swing from yesterdays High and Lows? Or when looking at the bigger time frame like 1H or 4H Highs/Lows. Do you know that using Gleneagles's recommended stop losses sometimes fit the Highs/Lows? And about the BE+3, is that when the entrance is already in the money for 20 0r 25 pips? Or less?

Have you googled "stop loss strategies"? you will understand my post more clearly. Forex 101 level will help you.

Please demo trade and observe when BE=+3 occurs. It has been discussed in previous posts.

Thanks
  • #779
  • Jan 25, 2010 8:28am Jan 25, 2010 8:28am
Quoting Staghead
I have re-read the post and checked my settings but I still can't get it to work on EURJPY. Once I put an order on the "confirm hard stop setting" message continually appears and once the trade gets into profit it closes out.

Any thoughts would be appreciated.

Thanks
Hi Staghead,

Turn "Hard Stop Warnings" to false.
Worked for me.
  • #780
  • Jan 25, 2010 9:22am Jan 25, 2010 9:22am
I entered EURUSD short and after the candle closed below the Daily Pivot line. Then my stop loss got hit because the candles went the other way. I entered using 60-15-5 Trix meter strategy. What did I do wrong here? The candles are in a down trend, but why didn't the trend continue?
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