supertrend system MTF | Forex Factory

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supertrend system MTF

  • #1
  • First Post: Dec 16, 2011 5:12pm Dec 16, 2011 5:12pm
Nice simple system

15 minute charts (so not to manic)
Set two super trends on the chart, one for the 15 minute chart and the MTF Supertrend for the 30 minute

I have the dolly trading times indicator on the chart and I start trading around 6am EST, stop trading around 9am

When the 30 minute supertrend is below the 15 minute supertrend I am looking for longs, and when I see price breaking support I go long

Reverse for shorts

It may be too early to break out the champagne but I have had 10 wins no losses in the last 10 days. I take one trade a day, I have a 30 pip stop loss and a 30 pip take profit

PGPB
Attached File(s)
File Type: ex4 Dolly_Trading Times _3.ex4   11 KB | 2,967 downloads
File Type: mq4 Dolly_Trading Times _3.mq4   8 KB | 3,102 downloads
File Type: ex4 Support_Resistance.ex4   2 KB | 2,856 downloads
File Type: mq4 Support_Resistance.mq4   2 KB | 3,357 downloads
File Type: ex4 xSuperTrend.ex4   4 KB | 4,196 downloads
File Type: mq4 xSuperTrend.mq4   4 KB | 4,925 downloads
File Type: mq4 xSuperTrend MTF.mq4   5 KB | 7,661 downloads
  • #2
  • Dec 16, 2011 5:14pm Dec 16, 2011 5:14pm
Two trades GBPUSD and AUDUSD
Attached Images
  • #3
  • Dec 17, 2011 3:05am Dec 17, 2011 3:05am
Do yu have a template ?

Thank you
No more Fight, the victory has come...
  • #4
  • Dec 17, 2011 4:14am Dec 17, 2011 4:14am
I am inclined to accept this system would be productive as it is based on mtf and s/r. again the thread stater has really been around 4 so long. I doubt if he will come out wit trash.
  • #5
  • Dec 17, 2011 5:49am Dec 17, 2011 5:49am
Quoting nonor
Do yu have a template ?

Thank you
Sure, here you go., see attachment
Attached File(s)
File Type: tpl simple.tpl   7 KB | 2,568 downloads
  • #6
  • Dec 17, 2011 5:55am Dec 17, 2011 5:55am
Quoting Sorento
I am inclined to accept this system would be productive as it is based on mtf and s/r. again the thread stater has really been around 4 so long. I doubt if he will come out wit trash.
The way I have described the system is to trade support and resistance breaks when the 15 minute and the 30 minute super trends line up.

However if you want to be more cautious you can add a 240 minute indicator.
I use the swingman MTF Trix set to 240

See attachments for indi
Attached File(s)
File Type: ex4 smSuper TRIX_MTF_PV_4col.ex4   13 KB | 3,378 downloads
  • #7
  • Dec 17, 2011 5:57am Dec 17, 2011 5:57am
Here is a template with the swingman with trix.

NOTE: I do find trading a couple hours before or after 8am EST seems to work.
Attached File(s)
File Type: tpl simplewithtrix.tpl   8 KB | 1,986 downloads
  • #8
  • Dec 17, 2011 6:02am Dec 17, 2011 6:02am
backtest this and see how many good looking trades show up.
I trade this with GBPUSD, EURUSD, AUDUSD, USDCAD
It just takes a few minutes to spot a good set up.
Enter with a pending order a few pips under/over support and resistance and go for 30 pips, sometimes the trade will run for much further than 30 pips, but usually you can get 30 pips

PGPB
Attached Image (click to enlarge)
Click to Enlarge Name: simpewithtrix.JPG Size: 60 KB
  • #9
  • Dec 17, 2011 7:22am Dec 17, 2011 7:22am
hello pg

how is it going ?
  • #10
  • Dec 17, 2011 7:34am Dec 17, 2011 7:34am
Quoting pgpb
Here is a template with the swingman with trix.

NOTE: I do find trading a couple hours before or after 8am EST seems to work.
The Swingman Trix doesn't appear when I load the template, it's there but blank

The same thing happens if I just load the indicator into a new chart
  • #11
  • Dec 17, 2011 7:50am Dec 17, 2011 7:50am
Quoting Andy B
The Swingman Trix doesn't appear when I load the template, it's there but blank

The same thing happens if I just load the indicator into a new chart

The Swingman indicator needs another indicator to be in your indicator folders.
If you add this indicator to your indicator folders, (you don't need it to be on your chart)
That should make the smMTFTRIX indicator work.
Let me know if that works

PGPB
Attached File(s)
File Type: ex4 smSuper TRIX_v1.ex4   11 KB | 2,734 downloads
  • #12
  • Dec 17, 2011 8:12am Dec 17, 2011 8:12am
I started this before long time ago -- This is no disrespect in anyway--
I wish and hope that this thread and system is a success

http://www.forexfactory.com/showthread.php?t=250606
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #13
  • Dec 17, 2011 8:18am Dec 17, 2011 8:18am
Quoting pgpb
The Swingman indicator needs another indicator to be in your indicator folders.
If you add this indicator to your indicator folders, (you don't need it to be on your chart)
That should make the smMTFTRIX indicator work.
Let me know if that works

PGPB
That's solved the problem, thank you
  • #14
  • Dec 17, 2011 8:42am Dec 17, 2011 8:42am
http://www.forexfactory.com/showthre...250606&page=25

read from page 23 should give you a good idea about multiple time frame with SuperTrend
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #15
  • Dec 17, 2011 8:43am Dec 17, 2011 8:43am
Quoting zamanib
I started this before long time ago -- This is no disrespect in anyway--
I wish and hope that this thread and system is a success

http://www.forexfactory.com/showthread.php?t=250606
Agreed, Zamanib is the one who gave me this idea for sure.
I should have given credit, where credit is due.

When I decided to use MTF and SuperTrend, it was Zamanib that gave me this idea.

I claim absolute no creative genius.

In trading there really is no new ideas, just formulations of old ones

I find that what works (for me) with trading is to trade off the 15 minute charts.
I find the 5 minute charts demand that I keep my eyes glued to the screen too much.
I am sure that one hour charts and 4 hour charts can be very lucrative, but I like to take small profits with small stop losses, hence the 15 minute charts work for me. I am sure that this can be adapted to trading off the one hour charts using a 240 supertrend as a guide

MTF trading is something that I have had lots of success.
Seeing a lower time frame line up with a higher time frame.

This was first introduced to me by Indrek and his MTF Trix thread
Further enhanced by the amazing trading of GlenEagles
Also the old standard of 3 ducks trading is MTF for sure

The next variable is where to enter.
Price action is one clue, and sometimes I will enter based on my understanding of candles/bar formations, but when price breaks a support or resistance area, it often will continue on.

I am not seeking to have a successful thread, I am just simply sharing what works for me.

PGPB
  • #16
  • Dec 17, 2011 11:14am Dec 17, 2011 11:14am
I have high respect for you -- Let make it happen

I like the matrix with 15min 30 min 1hr and 4hr

when all geeen buy with 25 Sl 30 tp or 25 tp

I did manual back test - for December with only supertrend matrix on 15min chart I cam up with 9 winners of 30 pips - and 4 losers with 30 pip
Net 150 pips not bad with no sweating

I think we can improve it -- the matrix I used I think it is set to 15 1hr 4hr and dialy -- I am sure should get more trades with other setting

may be 15 30 1hr 4hr

lets do some work -- some can play around and find the best settings
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eudec1-7.gif Size: 19 KB
Click to Enlarge Name: eudec8-15.gif Size: 17 KB
Click to Enlarge Name: eudec16.gif Size: 17 KB
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #17
  • Dec 17, 2011 11:18am Dec 17, 2011 11:18am
I think it needs to be loaded up with many more indicators.

It's Christmas.

We need a lot of red and green- also silver and blue.

I'll check through my files and see what I have
  • #18
  • Dec 17, 2011 11:28am Dec 17, 2011 11:28am
Quoting billbss
I think it needs to be loaded up with many more indicators.

It's Christmas.

We need a lot of red and green- also silver and blue.

I'll check through my files and see what I have
Well you will be one busy guy -- you have this thread and your 59 threads to dress up --- lol
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #19
  • Dec 17, 2011 11:36am Dec 17, 2011 11:36am
Quoting billbss
I think it needs to be loaded up with many more indicators.

It's Christmas.

We need a lot of red and green- also silver and blue.

I'll check through my files and see what I have




Dont forget the bells.
  • #20
  • Dec 17, 2011 11:47am Dec 17, 2011 11:47am
Quoting zamanib
I have high respect for you -- Let make it happen

I like the matrix with 15min 30 min 1hr and 4hr

when all geeen buy with 25 Sl 30 tp or 25 tp

I did manual back test - for December with only supertrend matrix on 15min chart I cam up with 9 winners of 30 pips - and 4 losers with 30 pip
Net 150 pips not bad with no sweating

I think we can improve it -- the matrix I used I think it is set to 15 1hr 4hr and dialy -- I am sure should get more trades with other setting

may be 15 30 1hr 4hr

lets do some work -- some can play around and find...
The matrix indicator that zaminib refers to can be found on his thread here
http://www.forexfactory.com/showthre...68#post3994368

I believe you are right that it is set to 15,1hr, 4hr and daily.
swingman created this indi

I agree that it would be better set at 15, 30, 60 and 240. but we would need swingman to "swing in" and make the change, as I do not know how to adjust the indicator

I will ask swingman if he has time to make the change

I kind of like the supertrend lines, but I know some people like the matrix type indicator.

PGPB
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