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Genesis Matrix Trading

  • #1,681
  • Edited 6:58am Aug 6, 2012 3:58am | Edited 6:58am
whenever i switch to my "genesis" charts,i dnt bother with stoch,whether its over-bought or over-sold...cos i have seen situations where it shows over-bought and still heads up to give valuable pips..i think the MA is a good enough filter...i would rather check my macd than stoch...just my observation.....
great job RJ...
It is possible to make large sums trading, small losses, large wins
  • #1,682
  • Aug 6, 2012 4:14am Aug 6, 2012 4:14am
Quoting omadivi
whenever i switch to my "genesis" charts,i dnt bother with stoch,whether its over-bought or over-sold...cos i have seen situations where it shows over-bought and still heads up to give valuable pips..i think the MA is a good enough filter...i would rather prefer to check my macd than stoch...just my observation.....
great job RJ...
It's up to you of course, some people like RSI, some MACD some Stochastic. The important thing is to understand the indicator. As I have said many, many times, stochastic is not just a simple oversold/overbought indicator.....if it was just that, then a simple 'os/ob', 'red/white' light would do the job. There is some good information on post 1 regarding the stochastic indicator.

If you're more comfortable with MACD, then it's all good
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,683
  • Aug 6, 2012 5:44am Aug 6, 2012 5:44am
Very boring Monday so far for me because I missed the entry @ Frankfurt open.

I still hope for a good entry in the next 2 or 3 hours..

Have a nice monday guys..
  • #1,684
  • Aug 6, 2012 8:01am Aug 6, 2012 8:01am
having some little stress in the trade, because Gbp is always not my friend

its a winning one anyway !
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  • #1,685
  • Aug 6, 2012 8:08am Aug 6, 2012 8:08am
A simply and clean Long Signal in M1.

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How to opt out annoying user signatures ??
  • #1,686
  • Aug 6, 2012 8:24am Aug 6, 2012 8:24am
Experimenting some with Genesis. Looks good so far tho I'm still debating whether to use 1M Genesis or 5M Genesis on 1M charts.

Always a conflict between those 2. 5M Gives less but more reliable signals but has a big con of giving the signal late. It often changes previous colors on 1m candle closes within the 5M candle close on the matrix.

1M on the other hand gives tons of signals but often false. However, if cherry-picked correctly with market structure one would be able to pinpoint tops and bottoms with high accuracy/better R:R. A con however is the fact the alarm will go off a bunch of times( often false signals ) that will exhaust one.

Tough choice.
  • #1,687
  • Aug 6, 2012 8:35am Aug 6, 2012 8:35am
Quoting Robertk
Experimenting some with Genesis. Looks good so far tho I'm still debating whether to use 1M Genesis or 5M Genesis on 1M charts.



1M on the other hand gives tons of signals but often false. However, if cherry-picked correctly with market structure

Tough choice.
cherry picking is the key word...then you get, not tons, but lots of profitable signals...
  • #1,688
  • Aug 6, 2012 8:38am Aug 6, 2012 8:38am
Quoting cuchuflito
cherry picking is the key word...then you get, not tons, but lots of profitable signals...
I'm still thinking if this is really true. 5M seems way more efficient and easing the mind while trading. A bunch of 1M false signals can be avoided.

Few examples below:

Con of 5M matrix
http://img96.imageshack.us/img96/7682/57692964.gif

Con of 1M matrix
http://img225.imageshack.us/img225/3193/33258477.gif

Now I admit today wasn't the ideal day for this system in the first place in my opinion. DXY was moving in a very tight ranging block market a good chunk of the day. 5M would clearly beat 1M when it comes to signals today.
  • #1,689
  • Aug 6, 2012 9:05am Aug 6, 2012 9:05am
Quoting Robertk
I'm still thinking if this is really true. 5M seems way more efficient and easing the mind while trading. A bunch of 1M false signals can be avoided.

Few examples below:

Con of 5M matrix


Con of 1M matrix


Now I admit today wasn't the ideal day for this system in the first place in my opinion. DXY was moving in a very tight ranging block market a good chunk of the day. 5M would clearly beat 1M when it comes to signals today.
Re. your "recoloured" candles...
No indicator in the current matrix repaints so you must have the "alert on bar close" set to 'false' in the Input tab which means that you get an alert every times all 4 dots change colour within the same candle. Set it to 'true' and you will only get an alert if all 4 dots are the same colour at the end of your chosen TF candle.
Oli
  • #1,690
  • Edited 9:30am Aug 6, 2012 9:18am | Edited 9:30am
Quoting olivierforex
Re. your "recoloured" candles...
No indicator in the current matrix repaints so you must have the "alert on bar close" set to 'false' in the Input tab which means that you get an alert every times all 4 dots change colour within the same candle. Set it to 'true' and you will only get an alert if all 4 dots are the same colour at the end of your chosen TF candle.
Oli
First of all, thanks for your quick respond Olivier. I kinda meant something different tho. The option you mentioned was set to "True".

What I meant was that when ( in my case ) a 5M TF candle closes on the Matrix it will look back at what 1M candle either the up/downmove started. It then turns the colors either blue or red starting from that specific candle up to the current 1M candle. I hope you understand what I'm saying. I don't think this can be considered "repainting". Its just looking back at what candle within the selected Matrix TF candle a move started. It makes it a bit hard to check back in history which Matrix TF will be effective if so. example below.

http://img402.imageshack.us/img402/3610/36018724.gif
  • #1,691
  • Aug 6, 2012 9:50am Aug 6, 2012 9:50am
Quoting Robertk
I'm still thinking if this is really true. 5M seems way more efficient and easing the mind while trading. A bunch of 1M false signals can be avoided.



Now I admit today wasn't the ideal day for this system in the first place in my opinion. DXY was moving in a very tight ranging block market a good chunk of the day. 5M would clearly beat 1M when it comes to signals today.
4 trades today, all eurusd 1M, and I was not on the screen all day...all profitable...
cherry picking, respecting the rules,that´s easy, thanks to genesis, the most difficult for me is trailing the stop.
I made 14 trades so far with the system: 71 % profitable...so far very very good for me..(most of them M1!).
But be carefull, everyone needs to find their own right shoe/ TF !!!!

Thanks again guys, looks like this trigger was the missing link in my trading.
  • #1,692
  • Aug 6, 2012 9:53am Aug 6, 2012 9:53am
Quoting Robertk
First of all, thanks for your quick respond Olivier. I kinda meant something different tho. The option you mentioned was set to "True".

What I meant was that when ( in my case ) a 5M TF candle closes on the Matrix it will look back at what 1M candle either the up/downmove started. It then turns the colors either blue or red starting from that specific candle up to the current 1M candle. I hope you understand what I'm saying. I don't think this can be considered "repainting".
Robert,
You are right. This is not repainting. The M5 candle is still open, so the M5 matrix, living on the M1 chart, will color the number of M1 bars back to the beginning of the M5 bar. So up to 4 bars may flip because the M5 is changing. Once the M5 candle closes, there will be no further changes in any bars on the M1 chart. Interpreting the color changes of a higher time frame can be tricky, but just remember that the 4 (or 5 just at close) bars painted on the M1 is still just 1 bar if you were looking at an M5.

But looking backwards, what you're seeing is what the matrix, in all time frames, looked like at the close of the highest time frame bar.
  • #1,693
  • Aug 6, 2012 10:08am Aug 6, 2012 10:08am
Quoting Cody_R
Robert,
You are right. This is not repainting. The M5 candle is still open, so the M5 matrix, living on the M1 chart, will color the number of M1 bars back to the beginning of the M5 bar. So up to 4 bars may flip because the M5 is changing. Once the M5 candle closes, there will be no further changes in any bars on the M1 chart. Interpreting the color changes of a higher time frame can be tricky, but just remember that the 4 (or 5 just at close) bars painted on the M1 is still just 1 bar if you were looking at an M5.

But looking backwards,...
Thanks Cody, that is what I was trying to confirm
  • #1,694
  • Aug 6, 2012 7:39pm Aug 6, 2012 7:39pm
Quoting frontline141
having some little stress in the trade, because Gbp is always not my friend

its a winning one anyway !
That's good that it was a winner, but think I mentioned to you once before that GU might not be a good idea for you to trade until you get completely familiar with it. GU can be a difficult and very unforgiving pair to trade. If you stick to EU and/or EJ, I'm sure your experience will a lot less stressful and probably better for your account
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,695
  • Aug 6, 2012 11:26pm Aug 6, 2012 11:26pm
Quoting realjumper
That's good that it was a winner, but think I mentioned to you once before that GU might not be a good idea for you to trade until you get completely familiar with it. GU can be a difficult and very unforgiving pair to trade. If you stick to EU and/or EJ, I'm sure your experience will a lot less stressful and probably better for your account
Hello realjumper or any kind person who cares to reply,

This thread is very interesting and I have decided to apply the genesis matrix indi to my MT4 platform, however I have a problem. I installed the indi and it has really slowed down the platform, do you have any suggestions?, also the arrows have not appeared on the charts as they are on yours. I am using windows vista, hope you can help and thanks in advance.

Angela
  • #1,696
  • Aug 6, 2012 11:45pm Aug 6, 2012 11:45pm
Quoting Angie 2012
Hello realjumper or any kind person who cares to reply,

This thread is very interesting and I have decided to apply the genesis matrix indi to my MT4 platform, however I have a problem. I installed the indi and it has really slowed down the platform, do you have any suggestions?, also the arrows have not appeared on the charts as they are on yours. I am using windows vista, hope you can help and thanks in advance.

Angela
hi angela, uninstall all indicators, then upgrade to latest MT4 platform version (i think it's 432) and install again. make sure you are using this matrix: GENESIS 2.20_1 ..see if it works
Attached File(s)
File Type: ex4 GenesisMatrix 2.20_1.ex4   18 KB | 642 downloads
File Type: mq4 GenesisMatrix 2.20_1.mq4   20 KB | 729 downloads
  • #1,697
  • Aug 6, 2012 11:51pm Aug 6, 2012 11:51pm
Quoting Angie 2012
Hello realjumper or any kind person who cares to reply,

This thread is very interesting and I have decided to apply the genesis matrix indi to my MT4 platform, however I have a problem. I installed the indi and it has really slowed down the platform, do you have any suggestions?, also the arrows have not appeared on the charts as they are on yours. I am using windows vista, hope you can help and thanks in advance.

Angela
Hi Angela,

I'm using Vista as well and my MT4 is version 432. I can't really be much more help without some more information, but my system runs just fine.

If you can't get it running, the best person to ask will possibly be Cody, so look for him to come online.

I must admit that I'm surprised because Genesis Matrix and the arrow etc are not resource hungry.....I'm running 4 currency pairs with 2 charts per pair, so that's 8 charts and sometimes 10 charts and I never have the problem that you are experiencing.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,698
  • Aug 6, 2012 11:54pm Aug 6, 2012 11:54pm
Quoting realjumper
Hi Angela,

I'm using Vista as well and my MT4 is version 432. I can't really be much more help without some more information, but my system runs just fine.

If you can't get it running, the best person to ask will possibly be Cody, so look for him to come online.

I must admit that I'm surprised because Genesis Matrix and the arrow etc are not resource hungry.....I'm running 4 currency pairs with 2 charts per pair, so that's 8 charts and sometimes 10 charts and I never have the problem that you are experiencing.
Thank you bubola and realjumper, I will do as you both suggest later as I'm off to work now, thanks again

Angela
  • #1,699
  • Aug 7, 2012 12:05am Aug 7, 2012 12:05am
I decided to start with a loser today..

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy_07_08.gif Size: 37 KB


Have a great day with tons of green pips..
  • #1,700
  • Aug 7, 2012 12:09am Aug 7, 2012 12:09am
Quoting Cyrus7
I decided to start with a loser today..

Attachment

Have a great day with tons of green pips..
Look at your stochastic!!
Doing what you like is Freedom. Liking what you do is Happiness.
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