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Genesis Matrix Trading

  • #1,901
  • Aug 9, 2012 9:35am Aug 9, 2012 9:35am
Quoting realjumper
You have to set a target that you can achieve......otherwise you end up over trading and killing your account. It's taken me a long time to get consistent and it has been a bumpy road. There is no short cut......screen time and practice with a large dose of patience is required!!
It seems looking back, at least for this week so far, that EU moves starting at london open seem to go about 30 pips, then there maybe a small retracement, then another 30 pips, then maybe a bonus, like trend continuation for the rest of the day...does that seem generally consistent with your results, RJ? It seems like I would get best results opening two trades, and trailing them both, taking profit on first one at 30 pips, if price seems to be retracing then, then allowing the other trade to run to appx 60 pips, and if price seems to stall, TP there, otherwise, leave it to run for bonus. All while keeping in mind, this may change based on price action.
Too close for pips, switching to points.
  • #1,902
  • Aug 9, 2012 9:52am Aug 9, 2012 9:52am
Quoting DmitryFX
My regards for your answer. Now its much more clear.
But I dont like them because I am not able to see the real Highs and Lows.
HA candles cover big move inside single candle...
Ok, I will try to understand how to use them.
Thank you again!!!
Dmitry,

I was and still are very sensitive to the price action and I like to be able to perceive prive movement looking at the traditional candle .... but don't underevaluate the powerfull of HA candles. Oli is right and you could take a great edge from this indi.

Anyway I solved the problem introducing in a separate window a mini chart with the traditional candles ... old habits are hard to die

below you can find the picture and the indi.

enjoy it.

ciao

wiz
Attached Image (click to enlarge)
Click to Enlarge Name: Mini-Chart.jpg Size: 69 KB
Attached File(s)
File Type: ex4 pipware-minichart-v3.0.ex4   40 KB | 472 downloads
You control how you trade; the market controls how and when you'll get paid
  • #1,903
  • Aug 9, 2012 10:10am Aug 9, 2012 10:10am
Guys it seems here that we help eash other, and I like the idea
So I wanna inform you what I know about USDCAD

From my analysis, USDCAD Reach a critical level 0.9911 so it should go to 1.011 as a target.

So keep an eye on this chart and when it gives you a signal with our system go long

Good Luck
  • #1,904
  • Aug 9, 2012 10:13am Aug 9, 2012 10:13am
Quoting wiz3003
Dmitry,

I was and still are very sensitive to the price action and I like to be able to perceive prive movement looking at the traditional candle .... but don't underevaluate the powerfull of HA candles. Oli is right and you could take a great edge from this indi.

Anyway I solved the problem introducing in a separate window a mini chart with the traditional candles ... old habits are hard to die

below you can find the picture and the indi.

enjoy it.

ciao

wiz
Yes, WIZ! How I could forget about it...
Everything is possible!!! Step by Step...
  • #1,905
  • Aug 9, 2012 10:17am Aug 9, 2012 10:17am
Quoting minako
you followed every rule of genesis trading to the dot!

if you think that it's a higher risk to sell above DP (and vice versa) then it's okay. you just missed the opp but did not lose any pip from your account - and that is good.

however, Tokyo (19 EST), London (3 EST) and NY (8 EST) cash equity opens are often very strong that selling above DP (and vice versa) usually pays off. but if you do it in any other time, then the risk is extremely high.

that is why, the market_open indicator is in your chart, at least, that's...
Here my 2 cents.

Recently I missed a couple of important price movements because I followed a rule of thumble (go long if Open > DP and go short if Open < DP)..... in other words this was a inner bias in my mind.

I decided to investigate a little about this and after downloading the last EU 10 years daily data I calculated some simple stats about pivots.

Below you can find what happened in the last 10 years. I am not a statistician but we can say that DP itself alone is not really so important (it is different if you integrate it in a trading plan with other indis like MA for example .... don't forget the DP formula and its meaning); but for daytraders I think it is more a starting point of the day.

Completely different are S1 and R1. I still need to complete my analysis therefore I can't share it but I will do soon.

Obiously this is just my humble opinion based on numbers.

ciao


wiz

p.s.: figures are number of used bars and % are percentage
Attached Image
You control how you trade; the market controls how and when you'll get paid
  • #1,906
  • Aug 9, 2012 10:34am Aug 9, 2012 10:34am
RJ,
I do not like speaking too much in the forums, but i constantly follow the threads who seems to be worth of studying.
I do thank you, because not only you are a good and experienced trader, but a generous one who lets the other fellows learn, practice and actually earn money from your efforts.
Wish you the best.
  • #1,907
  • Aug 9, 2012 11:03am Aug 9, 2012 11:03am
Another good genesis signal below pivot & just before London close.
Attached Image (click to enlarge)
Click to Enlarge Name: genesis signal just below pivot.gif Size: 26 KB
  • #1,908
  • Aug 9, 2012 11:15am Aug 9, 2012 11:15am
Quoting realjumper
Perhaps you could read the first few pages of the thread.....
Just to let you know that I read and re-read the thread and found it very profitable. So Thank You.

I use 60 LWMA on 5 min and 300 LWMA on 1 Min in conjunction with Genesis as a guide to trail the profits. I use this only for exits and not as an entry guide.

Some of you may find it useful
Faith with Action
  • #1,909
  • Aug 9, 2012 1:05pm Aug 9, 2012 1:05pm
Quoting realjumper
LHF is a little resource hungry, but provided you don't have too may charts or other windows open you should be fine on even an average spec machine. Of course it also depends on what you have on your template, but the template I use, as on page 1, seems to run just fine.

When you say you cannot get "support and resistance working correctly"......can you be a bit more specific? 'Support and resistance' could mean many things!
What I mean by support and resistance is the fxi pivots, it does not seem to plot correctly in the LHF simulator. Also another question I have is how do you modify your sl to move to break even or to lock in profit?
  • #1,910
  • Aug 9, 2012 1:13pm Aug 9, 2012 1:13pm
Quoting realjumper
Well done!!

Just a tip, this is what I do most of the time......I move my SL down manually to trail the PA. Then, if the PA goes down some more, like it just did on GU, you might be able to lock in a few more pips.

This is how I usually do it.....(except I didn't follow my rules and to it properly today, making life harder for myself that it needed to be).....and eventually I will get stopped out in profit, because the move won't go forever!! Very often it pays well to use this method.
Just a thought; manually trail the PA with a stoploss using a drag-and-drop order manager EA (i.e. you'd only need to drag the SL line on the chart)..makes life much less convoluted.
  • #1,911
  • Aug 9, 2012 1:16pm Aug 9, 2012 1:16pm
Quoting DmitryFX
Wow! Master! Very good!
So, I hope one day I will stay also profitable trader
Keep in mind you only need a few pips a day to become very wealthy in the long run. My goal is 10 pips a day but I usually get anywhere from 30 to 100. Just making 10 pips is usually a really choppy slow day. If you just make 10 pips a day you will be a millionaire within 3 years or so, and that's only starting with 1k! Don't be greedy, and enjoy your life!
  • #1,912
  • Aug 9, 2012 3:15pm Aug 9, 2012 3:15pm
Quoting Cody_R
If you look at a decompiled source of the arrow indicator, it is mathematically identical to the ASCTrend indicator, including the use, internally, of the Wiilliams Percent R indicator, and drawing the arrow.

DPO is conceptually much easier to understand, but the math is different and doesn't call the iWPR; this version doesn't draw an arrow. But when the DPO indicator crosses it's 0.0 line, you will find that's where the arrow indicator will paint an arrow on the chart. DPO is looking at the current close compared to the SMA moving average of...
hey, many thanks for your effort! Do you've got a decompiled version of it. Would be kind to have for e.g. if i decide one time to use the system on a different platform or so
  • #1,913
  • Aug 9, 2012 3:29pm Aug 9, 2012 3:29pm
Quoting hubby7
Another good genesis signal below pivot & just before London close.
Hi hubby7, How did you setup your stochastic window, mine doesn't look like this at all. Can you share your indi in case it is different then mine, and can explain how you set it up ?

Thank you!
  • #1,914
  • Aug 9, 2012 4:32pm Aug 9, 2012 4:32pm
Quoting ttaro27
Hi hubby7, How did you setup your stochastic window, mine doesn't look like this at all. Can you share your indi in case it is different then mine, and can explain how you set it up ?

Thank you!
ttaro,
He is using the MTF Stochastic found on page one, with the standard stochastic. The procedure for setting them up can be found here.
--Cody
  • #1,915
  • Aug 9, 2012 4:34pm Aug 9, 2012 4:34pm
sorry for a very silly question but i dont use metatrader so i have just downloaded it and tried to install the genesis template. i get everything gut not the matrix. do i have to install it separately. thanks
  • #1,916
  • Aug 9, 2012 4:48pm Aug 9, 2012 4:48pm
Quoting ProfNuke
hey, many thanks for your effort! Do you've got a decompiled version of it. Would be kind to have for e.g. if i decide one time to use the system on a different platform or so
Nuke,
You have better than the decompiled arrow in the previous post. The ASCTrend is actually readable source, and I suspect is the real origin of the "arrow" . A decompiled source is gibberish for variable names.
--Cody
  • #1,917
  • Aug 9, 2012 4:54pm Aug 9, 2012 4:54pm
Quoting boomboom9968
sorry for a very silly question but i dont use metatrader so i have just downloaded it and tried to install the genesis template. i get everything gut not the matrix. do i have to install it separately. thanks
boom,
Follow the steps here, and you should be fine.
--Cody
  • #1,918
  • Aug 9, 2012 5:14pm Aug 9, 2012 5:14pm
thats it - cheers cody
  • #1,919
  • Aug 9, 2012 5:49pm Aug 9, 2012 5:49pm
I have to say, among many compliments for this great system, the riskreward it offers is really great, it pretty much automatically will profit, when traded decently,with a better riskreward than 1:1 to get to TP, all naturally, especially when SL is able to be moved to BE when enough room is made by profit.
Too close for pips, switching to points.
  • #1,920
  • Aug 9, 2012 6:05pm Aug 9, 2012 6:05pm
Quoting Thoughts
Just a thought; manually trail the PA with a stoploss using a drag-and-drop order manager EA (i.e. you'd only need to drag the SL line on the chart)..makes life much less convoluted.
Thanks.....but I don't trade with MT4, I just use it for charting. My brokers native charts already have that drag and drop feature, which as you say, is very handy.
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