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MTF Trix system

  • #3,661
  • Jul 23, 2011 5:51am Jul 23, 2011 5:51am
Quoting Quantum4x
I've seen a lot of screenshots where people enter in the first line of a MTF indicator. This is "hoping" it will remain positive or negative.

Longer timeframe indicators repaint in the sense that the past is redrawn. It's obviously different from the classic "repaint issue" of indicators that change different values in different moments. But technically speaking they repaint because they are changing past values as they go.

A MTF indicator that doesn't repaintshould take the Trix value of a higher timeframe and draw it in the current timeframe....
This is easily solved by never painting a bar until it has CLOSED! Just leave it blank until it gets painted. Then when you look at your dashboard, you have to be "smart" enough to look back at the last painted bar to make a decision. In NinjaTrader, the programmer makes a simple decision as to whether the bar paints tick-by-tick in real time, or only at the close.

Now whether or not this will filter out bad setups AND filter out a load of good setups is only determined by examining a lot examples.

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #3,662
  • Jul 23, 2011 4:48pm Jul 23, 2011 4:48pm
Quoting DrDave
This is easily solved by never painting a bar until it has CLOSED! Just leave it blank until it gets painted.
Another option is to use an indicator that shows only confirmed signals like the attached one. (It has been posted in this thread for several times before.)

And one more option is to avoid MTF indicators at all, and to play with Trix settings instead. For example, use two Trixes with periods set at 3 and 9 or 3 and 12. Some people have found useful combination of 3 and 7. Matter of taste, really.

Nice to see people still looking around in this old thread! Trix is the best momentum indicator I know, unfortunately not many traders have discovered it.
Attached File(s)
File Type: ex4 Trix MTF meter roy 05 showing confirmed signals.ex4   6 KB | 3,007 downloads
  • #3,663
  • Jul 24, 2011 12:53am Jul 24, 2011 12:53am
Quoting Indrek
Nice to see people still looking around in this old thread! Trix is the best momentum indicator I know, unfortunately not many traders have discovered it.
Old threads often have informative discussions as well as some useful gems that can be added to another system. I've never looked at Trix before, so I'm interested in seeing how it worked out in this thread and to see if it will add anything to my trading.

I already use multiple instances of indicators at different periods to emulate higher timeframe charts in place MTF indicators. I started trading on Fibonacci Trder, so was spoiled with the 3-timeframe option built-in. When I switched to NinjaTrder, I had to go the route of multiple indicators with different time frames.

My broker did not support Forex, so I had to move to another broker. It seems that MetaTrader, as abysmal as it is compared to what I previously used, has become the defacto platform of choice for the masses, and many brokers have no better patform even available. So, I at least start my investigations with MetaTrader to be able to converse with others in the forums.

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #3,664
  • Sep 21, 2011 4:21am Sep 21, 2011 4:21am
Hello Indreak, Glen and other moderators for this thread.

If lets say that i face this situation, where the trix meter..

1) TF60 long... then TF15 long.. then while waiting for TF5 to long.. the TF15 turns red.. should i still
go long when TF5 turns long but then TF15 is red..


2) One more thing is that, if let's say TF15 has turn long and after that, TF60 and TF5 only turn green ( going long), does the TF15 which turns long first counts or do i need to wait for another cycle ( TF15 turns red then turns green again).

Thanks.
  • #3,665
  • Nov 4, 2011 9:10am Nov 4, 2011 9:10am
Hello dear traders. I am very interested in the system. I write through the translator, because do not know much English. I have a big request - note the screenshots stop loss and take proffi. Or it may be that there are clearly marked in places. Thank you!
  • #3,666
  • Nov 5, 2011 6:01am Nov 5, 2011 6:01am
Quoting flagman28
Hello dear traders. I am very interested in the system. I write through the translator, because do not know much English. I have a big request - note the screenshots stop loss and take proffi. Or it may be that there are clearly marked in places. Thank you!
Find Gleneagles' posts in this thread and read them all. He has described everything in detail. Entries, stop loss, take profit - everything.
  • #3,667
  • Nov 5, 2011 6:04am Nov 5, 2011 6:04am
Quoting Tehni742
Hello Indreak, Glen and other moderators for this thread.

If lets say that i face this situation, where the trix meter..

1) TF60 long... then TF15 long.. then while waiting for TF5 to long.. the TF15 turns red.. should i still
go long when TF5 turns long but then TF15 is red..


2) One more thing is that, if let's say TF15 has turn long and after that, TF60 and TF5 only turn green ( going long), does the TF15 which turns long first counts or do i need to wait for another cycle ( TF15 turns red then turns green again).

Thanks.
I am afraid, there is no clear answer to these questions as they are purely theoretical. How one trades, depends very much on current situation.
When you study the system and make a proper backtest then you find the style that suits you personally.
  • #3,668
  • Nov 8, 2011 7:42am Nov 8, 2011 7:42am
Hello Indrek, Glen, and others.

Are you still trading this systems after the two or three years that the thread has been active? If so, that is a great testament to the success of the strategy.

Thanks for your answer to this question.
  • #3,669
  • Dec 13, 2011 8:04pm Dec 13, 2011 8:04pm
does anyone notice Trix MTF meter roy 05 showing confirmed signals.ex4 signal is different between demo and live account?

any solution to it?
  • #3,670
  • Dec 14, 2011 1:43am Dec 14, 2011 1:43am
Quoting xalson
does anyone notice Trix MTF meter roy 05 showing confirmed signals.ex4 signal is different between demo and live account?

any solution to it?
The indicator should work absolutely same on every account. Are you sure that you do not have a bad broker who has just different datafeed on demo and live? Look if charts data matches first.
  • #3,671
  • Dec 14, 2011 1:46am Dec 14, 2011 1:46am
Quoting EasyRyder
Hello Indrek, Glen, and others.

Are you still trading this systems after the two or three years that the thread has been active? If so, that is a great testament to the success of the strategy.

Thanks for your answer to this question.
Hi,

I still trade MTF Trix in the meaning that I use Trix with different periods on same chart. It is the best momentum indicator that I have ever seen. But I do not trade this system exactly as it is put here. It was good but longer term it did not match with my personal style. I prefer to enter before a move happens not in the middle of a move.
  • #3,672
  • Dec 14, 2011 9:27am Dec 14, 2011 9:27am
Quoting Indrek
Hello everybody,

This thread is for developing and discussing a multi-timeframe trading system that is based on one indicator - Trix - with higher timeframes confirmation.

Main setup is 60,15,5
Involves three timeframes - M60, M15, M5.
Entries are taken from M5 chart after the Trix signal has been confirmed on all three timeframes - when three blocks are the same colour and filled.
Entries are 2 pips under/above the signal candle's low/high. (Signal candle = the M5 candle that confirmed the last necessary signal.)

[b][u]Basic...
Hello Friends,

I need your help! When I´ve loaded the MT4 Platform, suddenly the MTF Trix meter 1.1.d turned only green colour and the Platform crashed while loading indicator. I´ve reinstalled the MT4 and remained the same way. What is happening? The MT4 version is 409.

Thank you!
Attached Image (click to enlarge)
Click to Enlarge Name: TRIX meter.gif Size: 298 KB
If I Change, the whole World changes!
  • #3,673
  • Dec 14, 2011 1:14pm Dec 14, 2011 1:14pm
Quoting Forex Girl
Hello Friends,

I need your help! When I´ve loaded the MT4 Platform, suddenly the MTF Trix meter 1.1.d turned only green colour and the Platform crashed while loading indicator. I´ve reinstalled the MT4 and remained the same way. What is happening? The MT4 version is 409.

Thank you!
Hi,
I suggest that you contact the coder who wrote the indi. His nickname is xecret and he is still around in FF as much as I know.
Maybe he could guess what can go wrong with the indicator.
  • #3,674
  • Dec 14, 2011 1:37pm Dec 14, 2011 1:37pm
Quoting Indrek
Hi,
I suggest that you contact the coder who wrote the indi. His nickname is xecret and he is still around in FF as much as I know.
Maybe he could guess what can go wrong with the indicator.
OK. THANKS.
If I Change, the whole World changes!
  • #3,675
  • Feb 13, 2012 1:18am Feb 13, 2012 1:18am
hello there

thx for sharing your knowledge,

your system seems to be ince and i think your MTF_Trix indi is real good MTF indicator.

others MTF indicators are very prone to repaint much more.


Regards

Shahrooz
  • #3,676
  • Mar 1, 2012 12:37am Mar 1, 2012 12:37am
Quoting Forex Girl
Hello Friends,

I need your help! When I´ve loaded the MT4 Platform, suddenly the MTF Trix meter 1.1.d turned only green colour and the Platform crashed while loading indicator. I´ve reinstalled the MT4 and remained the same way. What is happening? The MT4 version is 409.

Thank you!
Hello Forex Girl
Your trading tpl is so nice! I like it .Can you send me the tpl and all indicator?
Thanks in advance!
  • #3,677
  • Mar 19, 2012 3:25am Mar 19, 2012 3:25am
hello
I cant run indicator Trix MTF meter roy 05 showing confirmed signals
Metatrader file gets corrupted when running
please help me
please upload last version files system
thanks
  • #3,678
  • Sep 13, 2012 11:09pm Sep 13, 2012 11:09pm
Hi indrek,
can you please put your latest chart setup on post #1?
Or can you tell me which page did you post your latest setup?
thx
  • #3,679
  • Sep 14, 2012 1:36pm Sep 14, 2012 1:36pm
Quoting perwira
Hi indrek,
can you please put your latest chart setup on post #1?
Or can you tell me which page did you post your latest setup?
thx
You can find my last MTF Trix template in post 3559. As you see, it was posted almost 3 years ago. Soon after that I moved to higher timeframes and other system(s). So, I cannot help much with MTF Trix any more as I do not remember much about it
  • #3,680
  • Sep 27, 2012 5:59pm Sep 27, 2012 5:59pm
This is a very great system. keeps you out of the BB games too...will be going live soon
My help is in the name of the Lord who made heaven and earth.
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