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Genesis Matrix Trading

  • #1,021
  • Jul 25, 2012 6:00am Jul 25, 2012 6:00am
Quoting magdelen
Do any of you use money manager EA,s ?
i use this for info go to http://en.luktom.biz/Page/447/luktom...l-order-editor
Attached File(s)
File Type: ex4 lvoe 1.6.1.ex4   18 KB | 640 downloads
File Type: mq4 lvoe 1.6.1.mq4   16 KB | 709 downloads
  • #1,022
  • Jul 25, 2012 6:03am Jul 25, 2012 6:03am
Quoting realjumper
The M15 stoch isn't dropping, and that can be a good sign, as I explained before (link on post #1) and the M5 stoch was in a great position when I saw the long, and pa bounced off R1, and arrow, and yellow ema.......

Small SL is worth it to me. If the PA turns around, I'll reverse the trade.
Your at the swing low for S/L right? 30 pips roughly? Just double checking.
  • #1,023
  • Jul 25, 2012 6:06am Jul 25, 2012 6:06am
Quoting magdelen
Do any of you use money manager EA,s ?

No, i don't use. After some years of trading, the numbers will be burned in the mind and you count position size like breathing...

What i like to use is the Order Manager, which enables horizontal lines to drag and drop for sl and tp...



Attached File(s)
File Type: ex4 OrderManager.ex4   11 KB | 849 downloads


Regards...

chriss
  • #1,024
  • Jul 25, 2012 6:09am Jul 25, 2012 6:09am
Quoting Mr Pippy
Your at the swing low for S/L right? 30 pips roughly? Just double checking.
Was at -23 ..... now at BE
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,025
  • Jul 25, 2012 6:12am Jul 25, 2012 6:12am
Quoting realjumper
Was at -23 ..... now at BE
Ah I see so roughly the same size of the arrow candle. This is great experience for me....I stayed out so I could watch and learn. This is great education for new traders like myself to not completely close your mind to trading at the top end of the scale so to speak when conditions are as they are.

Insightful.
  • #1,026
  • Jul 25, 2012 6:14am Jul 25, 2012 6:14am
Quoting realjumper
Was at -23 ..... now at BE
But I simply took the sell and, of course I stopped in the loss.
I think that's enough for today.

Hello to all
  • #1,027
  • Jul 25, 2012 6:14am Jul 25, 2012 6:14am
Quoting bubola
i use this for info go to http://en.luktom.biz/Page/447/luktom...l-order-editor

Yes i am already using this one, just wondered if there were anyhting else or if it was better doing it manually
  • #1,028
  • Jul 25, 2012 6:15am Jul 25, 2012 6:15am
Quoting realjumper
Was at -23 ..... now at BE
What target do you have in mind RJ?
  • #1,029
  • Jul 25, 2012 6:17am Jul 25, 2012 6:17am
Quoting Patti
What target do you have in mind RJ?
I was looking for R2, but I think this one is going to stop me at BE.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,030
  • Jul 25, 2012 6:30am Jul 25, 2012 6:30am
Quoting realjumper
Not just yet......I want to see if the bulls are all done first. The upswing has been powerful, I'm not going to trade against that without good reason
Thank you! Just for my better understanding/learning:

-R1 bounce off
-M5 Stoch in good position
-M15 Stoch dropped
-Genesis signals short
-good momentum
-DP 14 pips away

Would this one be a good signal, apart from the bullish mood?

I had in mind to trust Genesis and not thinking too much about what's going on in the market.. or i'm wrong?!

Of course, I can live with some losers - just wanted to check if I'm right..

Thanks RJ!

Mathias
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  • #1,031
  • Jul 25, 2012 6:35am Jul 25, 2012 6:35am
today, 8 trades, 4 loss and 4 gains total +11 pip. This afternoon beach and sun. I'm completely destroyed. If you respect the rules you can earn in difficult markets too. Thanks RJ
  • #1,032
  • Jul 25, 2012 6:36am Jul 25, 2012 6:36am
Quoting yelena
im not RJ, but if that signal came right before NY/Lon/Fra opens and was the 2nd test of high, hell yes! i would take it in a heart beat! then again im a noob
It was certainly a better setup than what I chose on the EU....
  • #1,033
  • Jul 25, 2012 6:36am Jul 25, 2012 6:36am
Quoting Cyrus7
Thank you! Just for my better understanding/learning:

-R1 bounce off
-M5 Stoch in good position
-M15 Stoch dropped
-Genesis signals short
-good momentum
-DP 14 pips away

Would this one be a good signal, apart from the bullish mood?

I had in mind to trust Genesis and not thinking too much about what's going on in the market.. or i'm wrong?!

Of course, I can live with some losers - just wanted to check if I'm right..

Thanks RJ!

Mathias
It would be a reasonable signal, apart for the strong bull move. But, the stoch is getting pretty low, and, we are above the Daily Pivot. All in all it's not a trade I would take, but the signal was valid.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,034
  • Jul 25, 2012 6:37am Jul 25, 2012 6:37am
Quoting yelena
im not RJ, but if that signal came right before NY/Lon/Fra opens and was the 2nd test of high, hell yes! i would take it in a heart beat! then again im a noob
Thanks for your answer, yelena but this entry wasn't before any open. Frankfurt open was 5,5h ago, London open 4,5h and NY will open in 2h ..

Regards
Mathias
  • #1,035
  • Jul 25, 2012 6:40am Jul 25, 2012 6:40am
Quoting magdelen
Yes i am already using this one, just wondered if there were anyhting else or if it was better doing it manually
I use Steve Hopwood's Multi Purpose Trade Manager, and then a variant of it that allows for ATR based jumping stops ... found here .

So I use that to set ATR based SLs & TPs, to set BE and to run jumping stops etc. It may not be the best way to do it for Genesis, but it works for me and just means I can focus more on deciding whether to enter or not. It also has a heap of other functions. The home of MPTM is now no longer on ff - google can help you find it.

The best thing about MPTM is you can run multiple instances of it on one MT4 (each on a different chart), so you can have different settings for different timeframe trades, or in my case, I split trades.

I then use a separate pair of scripts to automatically determine position size (based on ATR) when I enter - easier for me because my account is non USD, so the calculations are a bit slower when you're trying to do things quickly.

If you do decide to use MPTM, make sure you read the manual and test it thoroughly on demo first.
1 pip at a time ... if the entries are strong, the rest will follow ...
  • #1,036
  • Jul 25, 2012 6:41am Jul 25, 2012 6:41am
Quoting realjumper
I was looking for R2, but I think this one is going to stop me at BE.

You got with positive out? Or stopped? It hit the R2 nearly :-(



NY session is coming... and new Home Sales... let's see where they push the price


chriss
  • #1,037
  • Jul 25, 2012 6:46am Jul 25, 2012 6:46am
Quoting Cyrus7
R1 bounce off
Hi. I can not see the price on your image but i think your pivots may be wrong.
When you say "R1 bounce off" i guess you are talking about a bounce down from the R1? I think that is wrong.
The daily R1 should be at 2118 if this site is correct: http://www.actionforex.com/markets/p...2010040848154/
I am not sure where your R1 is but from my understanding it is to high on your chart.
Maybe i am wrong....

Arctic4x
  • #1,038
  • Jul 25, 2012 6:46am Jul 25, 2012 6:46am
Quoting chrissfx
You got with positive out? Or stopped? It hit the R2 nearly :-(



NY session is coming... and new Home Sales... let's see where they push the price


chriss
Knocked me out at BE (+spread), but it was worth the effort. Yeah, nearly got to R2, and with hindsight I should have taken the pips, but I'm ahead of target for today so it's all ok.

Now it's time for coffee and wait for NY open
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,039
  • Jul 25, 2012 6:49am Jul 25, 2012 6:49am
Quoting yelena
yeah. counter trend trades needs momentum in 1 M5 bar. if its not there, it will likely fail.
So I entered the trade on the 5 min thinking that momentum would pull price down below the pivot. I see had a used the 1 min chart I could actually have profited from the move overall having an earlier entry.

Could you elaborate on your point tho. As I see it there was momentum on the 1 min chart???

Sorry to keep ask questions, there's been sooo many informative posts today...I just want to keep adding to my book of notes!!
  • #1,040
  • Jul 25, 2012 6:52am Jul 25, 2012 6:52am
Quoting yelena
did you load the market open indi? adjust the time for the NY session. everything else blackout. so that's 15 mins from now. you will notice that any M5 genesis signal spawned bouncing off of pivotal prices, less than 1 hour before or after the NY session are 100% winners (depending on how you exit of course... but im a scardie cat)
This indi isn't on my chart but I know that the NYSE will open in 1h and 40 minutes.. (09:30 NY time - at the moment it's 07:52 in NY) or I'm totally wrong with everything today?!
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