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  • #801
  • Sep 19, 2010 8:55am Sep 19, 2010 8:55am
Quoting daemonw
Thats why i still prefer asian time, due to the gentle price movement i dont see much repaint haha infact the signal that was repainted for the long was early and that gave me an early entry before the confirmed long signal came out haha maybe just lucky
daemonw, on the one hand you're probably right, it doesn't repaint so badly during the Asia.

But on the other hand - most of the strong movements happen after London open and NY open, and we need the strong movements to make more pips...
  • #802
  • Sep 19, 2010 9:24am Sep 19, 2010 9:24am
Quoting Fokusnik
NiceGuy, you're right, having the right Trix Meter's settings is very important!

I'm not sure whether we can set one Trix Meter to work on different timeframes. So I created one Trix Meter for M-15 and another one for the H-1.

For M-15 I set "TimeFrame" to 15, then I went to "Visualization" and checked only M-15.

For the H-1 I set "TimeFrame" to 60, then I went to "Visualization" and checked only H-1.

If I need M-30, I'll create another Trix Meter with TimeFrame 30 and Visualization M-30.
Sure you can have MTF Trix on the same chart.
you can either have the histogram MTF or the blocks or a hybrid
I have charts with the 15 minute histogram trix, and then underneath the 60 and 240 minute blocks trix
We have Indrek to thank for that method, and also a forexfactory member named Gleneagles
http://www.forexfactory.com/member.php?u=2209
Check out his posts for some really good MTF trix trading.

See this thread http://www.forexfactory.com/showthread.php?t=183801 for a system

Attached is a chart showing a 5 minute trix histogram with a 15 minute and 60 minute trix blocks indicator on the same chart

Of course you can have a 15 minute and 60 minute TRIX and also the NLMA indicator all on the same chart also.

Also attached is a chart with a 5 minute histrogram trix and a 60 minute historgram trix

The combinations of trix, and NLMA are endless.


PGPB
Attached Image (click to enlarge)
Click to Enlarge Name: MTFtrix.png Size: 11 KB
Attached Image
  • #803
  • Sep 19, 2010 9:28am Sep 19, 2010 9:28am
pgpb, THANK YOU SO VERY MUCH!
  • #804
  • Sep 19, 2010 9:40am Sep 19, 2010 9:40am
Quoting Fokusnik
pgpb, THANK YOU SO VERY MUCH!
I just noticed that Gleneagles is back on Forexfactory, and Indrek is active at times also.

...both of them will have lots of valuable stuff to say about MTF Trix trading.

Of course to get the TRIX blocks all in one window you set the line height

I like to have the lowest time frame at the top
Here is a chart with NLMA at the top and MTF Trix at the bottom (5, 15, 60, 240)

PGPB
Attached Image (click to enlarge)
Click to Enlarge Name: hybrid.png Size: 9 KB
  • #805
  • Edited 10:02am Sep 19, 2010 9:41am | Edited 10:02am
Quoting Fokusnik

For M-15 I set "TimeFrame" to 15, then I went to "Visualization" and checked only M-15.

For the H-1 I set "TimeFrame" to 60, then I went to "Visualization" and checked only H-1.

If I need M-30, I'll create another Trix Meter with TimeFrame 30 and Visualization M-30.
You have made it too complicated. If you set the timeframe to "0" then it shows always the current timeframe. So, you do not have to attach it separately for every timeframe.
Another choice would be to attach Trix for different timeframes on the main chart that you trade from. Then you do not have to switch between timeframes.
  • #806
  • Sep 19, 2010 10:19am Sep 19, 2010 10:19am
Quoting Indrek
You have made it too complicated. If you set the timeframe to "0" then it shows always the current timeframe. So, you do not have to attach it separately for every timeframe.
Another choice would be to attach Trix for different timeframes on the main chart that you trade from. Then you do not have to switch between timeframes.
Indrek, thank you very much!

What can I say? We live and we learn!

And it is so great that there are nice people who're willing to teach us, like Indrek, pgpb, iamnoel, NiceGuy, Gleneagles!
  • #807
  • Edited 10:43am Sep 19, 2010 10:33am | Edited 10:43am
Guys...now that color is starting to make me dizzy....
But.. I do like the last chart pgpb Posted



NG
  • #808
  • Sep 19, 2010 11:12am Sep 19, 2010 11:12am
Quoting NiceGuy
Guys...now that color is starting to make me dizzy....
But.. I do like the last chart pgpb Posted



NG
It is, of course, up to everyone's decision but I see no point in using MTF Trix and MTF NonlagMA in parallel. Both belong to MA family, so would be logical to use one of them. Otherwise, the system is overloaded with unnecessary information. 2-3 indicators is max for one system, after that must come discretion.
  • #809
  • Sep 19, 2010 11:31am Sep 19, 2010 11:31am
Quoting Indrek
It is, of course, up to everyone's decision but I see no point in using MTF Trix and MTF NonlagMA in parallel. Both belong to MA family, so would be logical to use one of them. Otherwise, the system is overloaded with unnecessary information. 2-3 indicators is max for one system, after that must come discretion.
I agree that there is no point in using MTF Trix and MTF NonlagMA in parallel.

NonLagMA (21) shows good results, but MTF NonLagMA repaints badly. If I could find the Trix Meter settings that make the Trix Meter behave similar to NonLagMA (21), I would work only with the Trix Meter. Unfortunately, it is a very big IF, so for now I would stick with the Trix Meter as a filter and NonLagMA (21) - I mean the NonLagMA itself, not MTF.
  • #810
  • Sep 19, 2010 11:41am Sep 19, 2010 11:41am
Quoting Fokusnik
I agree that there is no point in using MTF Trix and MTF NonlagMA in parallel.

NonLagMA (21) shows good results, but MTF NonLagMA repaints badly. If I could find the Trix Meter settings that make the Trix Meter behave similar to NonLagMA (21), I would work only with the Trix Meter. Unfortunately, it is a very big IF, so for now I would stick with the Trix Meter as a filter and NonLagMA (21) - I mean the NonLagMA itself, not MTF.
You have to read my thread. It is full of information and different versions of MTF Trix indicators. I do not find it appropriate to start discussing this stuff here, or this thread would turn into a copy of MTF Trix thread
But what I know exactly is that Trix 3,1,1,1,0 gives quicker entries than NonlagMA20 or 21.
I still trade with Trix but using only two timeframes instead of MTF. I find any MTF indicator too lagging.
  • #811
  • Sep 19, 2010 11:54am Sep 19, 2010 11:54am
Indrek, thank you!

I already started reading your thread, I'm sure that would be very helpful!
  • #812
  • Sep 19, 2010 12:01pm Sep 19, 2010 12:01pm
Quoting Indrek
It is, of course, up to everyone's decision but I see no point in using MTF Trix and MTF NonlagMA in parallel. Both belong to MA family, so would be logical to use one of them. Otherwise, the system is overloaded with unnecessary information. 2-3 indicators is max for one system, after that must come discretion.
Yep, I confirm that. Thanks Indrek... I will stick with NLMA and this Coral thing... I am doing just fine with that already.

Dont forget guys, there are 2 things that usualy move the market strongly in a regular day...

1. A market open, when that new boys is waking up and put in their money
2. The News.

We should also stick our nose to these stuff and not just relying on mechanical trading blindly.


NG
  • #813
  • Sep 19, 2010 12:12pm Sep 19, 2010 12:12pm
Quoting NiceGuy
Dont forget guys, there are 2 things that usualy move the market strongly in a regular day...

1. A market open, when that new boys is waking up and put in their money
2. The News.

We should also stick our nose to these stuff and not just relying on mechanical trading blindly.


NG
Yes, and we can expect a lazy Monday tomorrow because 1) there is no important news; 2) there is a bank holiday in Japan.
  • #814
  • Sep 19, 2010 6:31pm Sep 19, 2010 6:31pm
....Duh... I missed that EJ signal... If you guys took it you probably at about +20 pips by now...


NG
  • #815
  • Sep 19, 2010 11:34pm Sep 19, 2010 11:34pm
Nice move today on the second signal to long ,took 35 pips, chicken out didnt wait till 40 pips but 15pips s/l for 35 pips good job Pm FX!
  • #816
  • Sep 20, 2010 12:31am Sep 20, 2010 12:31am
I think if we use this indi we can predict. "will it repaint or not!"

And sometimes it also give us a good idea to close our trade.

Happy trading everybody
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.gif Size: 27 KB
Attached File(s)
File Type: mq4 MTF_NonLagMA_v7.1.mq4   7 KB | 487 downloads
  • #817
  • Sep 20, 2010 4:35am Sep 20, 2010 4:35am
Quoting daemonw
Nice move today on the second signal to long ,took 35 pips, chicken out didnt wait till 40 pips but 15pips s/l for 35 pips good job Pm FX!
Yes... You are getting along so well in this Strategy. I am glad. Keep it up!

As for me, I got only 18 pips from the same trade. I waited the candles to break the latest low before closing in.

(There is technical problem with the website prevent me to upload my screen)

If I risk 15, and I aim for let's say 45, and my trade hits 40 but it failed to go more than that, I think 30 pips would be my first choice to close in and get out. This way I still maintain a healthy 1:2 RR. But if I decide to wait a bit longer because I still see that there is still signs that the price will retrace back and unfortunately I am wrong... 15 pips would be my last stop to get out. I will not tolerate more. This way I still have 1:1 RR on my side, and my next trade will be financed with my previous winner.

Btw, I also have another trade with EJ and EU which I also close out early like the GU. Each of them give me 20 pips. Then I risk another 15 with GU just before london and got stop out for -15 pips. So... I scored 43 pips for today. I have my loser so I stop trading for today.


Quoting Monmak
I think if we use this indi we can predict. "will it repaint or not!"

And sometimes it also give us a good idea to close our trade.

Happy trading everybody
Well... this looks really interesting...

Good trading everbody!


NG
  • #818
  • Sep 20, 2010 4:55am Sep 20, 2010 4:55am
Quoting Monmak
I think if we use this indi we can predict. "will it repaint or not!"

And sometimes it also give us a good idea to close our trade.

Happy trading everybody
Monmak, I can't load the indi you posted in my metatrader (I did copy it to the indis folder and compiled to create an ex4). The indi does appear in the list of indis loaded for the chart but i dont see it on the main chart (where the price is displayed or in any indi window below the price chart).

Could you please help me with this problem????
Thanks,
Usman.
If it floats, flies, or f%^ks, rent it, it's cheaper.
  • #819
  • Sep 20, 2010 7:17am Sep 20, 2010 7:17am
Quoting n000b
Could you please help me with this problem????
Thanks,
Usman.
Put them into your indicators folder. Hope this help.
Attached File(s)
File Type: mq4 NonLagMA_v7.1.mq4   6 KB | 560 downloads
File Type: mq4 MTF_NonLagMA_v7.1.mq4   7 KB | 503 downloads
  • #820
  • Sep 20, 2010 7:32am Sep 20, 2010 7:32am
actually i am thinkingi if a trailing of 30 pips is good for cases like today, cause i would usually just in into the trade in walk out, so either 40 or -15
but i will lose out on trades that hit 30 plus and pulls back... but at the same time i am afraid the market have moved like 30 plus pips move back to break even and then to 40 tp..... ai... i am very confused how should i manage my trade sometime... but 40tp/15sl still get good profits if u just go in blindly just two tries a day
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