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Genesis Matrix Trading

  • #2,701
  • Aug 21, 2012 8:23am Aug 21, 2012 8:23am
Quoting olivierforex
Traco, when I read your post it reminded me that the ADX that comes as standard with MT4 is not accurate compared to the original Wilder's calculations.
From memory I think that ADX 28 MT4 = ADX 14 Wilder (ie, the input needs to be twice as big). He thinks so too...
http://www.forexfactory.com/showthre...79#post5879879
Look online there is plenty about it.
Don't quote me on that as I haven't used it for a while but I believe that's the correct version (set to 14)
Thats the first i heard that, But i will look that up. thanks
Look at something long enough, you will eventually get it.
  • #2,702
  • Aug 21, 2012 8:25am Aug 21, 2012 8:25am
Quoting vamtop
but with low volume. Pay attention
Irrelevant........Genesis takes no notice of volume
Doing what you like is Freedom. Liking what you do is Happiness.
  • #2,703
  • Aug 21, 2012 8:26am Aug 21, 2012 8:26am
AU fail trade
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  • #2,704
  • Aug 21, 2012 8:29am Aug 21, 2012 8:29am
Quoting realjumper
Irrelevant........Genesis takes no notice of volume
For now, I remain on the side and expect them to be gone all the bulls.
When I get a little bears (Genesis give a clear signal to sell) sell his wife ....................
I'm kidding of course ........ (on sale Forex, not the wife Hi Hi Hi)
Sorry, but today is propio very hot ......

Hello everyone and sorry for the post ironic.
  • #2,705
  • Aug 21, 2012 8:30am Aug 21, 2012 8:30am
Quoting makron
AU fail trade
You bought it right under R3, which had already reject the PA once before!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #2,706
  • Aug 21, 2012 8:32am Aug 21, 2012 8:32am
Quoting Matrix8756
For now, I remain on the side and expect them to be gone all the bulls.
When I get a little bears (Genesis give a clear signal to sell) sell his wife ....................
I'm kidding of course ........ (on sale Forex, not the wife Hi Hi Hi)
Sorry, but today is propio very hot ......

Hello everyone and sorry for the post ironic.
I'm pretty much done for the day.....it's been a very good day that more than made up for yesterdays rubbish PA.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #2,707
  • Aug 21, 2012 8:32am Aug 21, 2012 8:32am
Quoting traco1
Thats the first i heard that, But i will look that up. thanks

Yes i see
Attached Image (click to enlarge)
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Look at something long enough, you will eventually get it.
  • #2,708
  • Aug 21, 2012 8:35am Aug 21, 2012 8:35am
Quoting olivierforex
Traco, when I read your post it reminded me that the ADX that comes as standard with MT4 is not accurate compared to the original Wilder's calculations.
From memory I think that ADX 28 MT4 = ADX 14 Wilder (ie, the input needs to be twice as big). He thinks so too...
http://www.forexfactory.com/showthre...79#post5879879
Look online there is plenty about it.
Don't quote me on that as I haven't used it for a while but I believe that's the correct version (set to 14)
thanks, oli, this could be a good tool to decide whether to hold a trade or not.
  • #2,709
  • Aug 21, 2012 8:36am Aug 21, 2012 8:36am
Quoting makron
AU fail trade
Did you stay in
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Look at something long enough, you will eventually get it.
  • #2,710
  • Aug 21, 2012 8:37am Aug 21, 2012 8:37am
Quoting bubola
thanks, oli, this could be a good tool to decide whether to hold a trade or not.

Exactly
Look at something long enough, you will eventually get it.
  • #2,711
  • Aug 21, 2012 8:38am Aug 21, 2012 8:38am
Quoting makron
AU fail trade
It's on your chart.....you are using the LFL-ATR projections on your own chart and it says that the expected 100% top of the range today is... 1.0512.
Ok it might not end up being a market top today just above 1.05 but this an area where you really should not be taking another long trade; it is not a high probability trade by a long way. You should at least have waited for a decent pullback and a new Genesis signal after that to enter.
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  • #2,712
  • Aug 21, 2012 8:43am Aug 21, 2012 8:43am
Quoting traco1
Exactly
On the move
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Look at something long enough, you will eventually get it.
  • #2,713
  • Aug 21, 2012 8:43am Aug 21, 2012 8:43am
Quoting olivierforex
It's on your chart.....you are using the LFL-ATR projections on your own chart and it says that the expected 100% top of the range today is... 1.0512.
Ok it might not end up being a market top today just above 1.05 but this an area where you really should not be taking another long trade; it is not a high probability trade by a long way. You should at least have waited for a decent pullback and a new Genesis signal after that to enter.
In the case of EU instead went well over 100% con a signal genesis already on ATR.
  • #2,714
  • Aug 21, 2012 8:52am Aug 21, 2012 8:52am
Quoting Matrix8756
In the case of EU instead went well over 100% con a signal genesis already on ATR.
Of course it can go well over 100% of the ATR but going long at 100% ATR is not a high probability trade; if you are long from way below then by all means hold on to your trade as we might go even higher but there's no way I'd take a M5 long signal at these levels (but that's just me)
  • #2,715
  • Aug 21, 2012 8:58am Aug 21, 2012 8:58am
Quoting olivierforex
Of course it can go well over 100% of the ATR but going long at 100% ATR is not a high probability trade; if you are long from way below then by all means hold on to your trade as we might go even higher but there's no way I'd take a M5 long signal at these levels (but that's just me)
I agree, in fact I did not take that trade on EU.
  • #2,716
  • Aug 21, 2012 9:40am Aug 21, 2012 9:40am
Olivia (if you're still around) or anyone else...
I understand the explanation that you gave for the LFL-ATR lines moving and then having the other 2 lines moving up/down to show the possible retracement targets but I can't remember if that starts when we reach the 80% line (low2/high2) or the 100% line (low1/high1)?
Tia
  • #2,717
  • Aug 21, 2012 9:52am Aug 21, 2012 9:52am
Quoting olivierforex
Olivia (if you're still around) or anyone else...
I understand the explanation that you gave for the LFL-ATR lines moving and then having the other 2 lines moving up/down to show the possible retracement targets but I can't remember if that starts when we reach the 80% line (low2/high2) or the 100% line (low1/high1)?
Tia
Oli,
Looking through the code, it happens at the 80% line.
--Cody
  • #2,718
  • Aug 21, 2012 10:29am Aug 21, 2012 10:29am
Quoting traco1
On the move
Hi Traco1, I see that you have different arrows with different colors in your charts, and some of them are represented by 3 symbols. Could you explain which indicator are you using (apart arrow.mq4) ?

Could you explain briefly how do you consider these arrow in your trading decision ? Is it just confirmation for the alignment of the 4 red/blue boxes in the matrix ? Do they appear at the same moment of the alignment ?

Thanks
  • #2,719
  • Aug 21, 2012 10:42am Aug 21, 2012 10:42am
I was confused when saw very narrow range between borders of ATR projections.
But finnaly I have found the reason.
The borders moves in accordance with Price movement, without fixing.
So, need to keep in mind this bug!
Attached Image (click to enlarge)
Click to Enlarge Name: lfl atr.gif Size: 15 KB
Everything is possible!!! Step by Step...
  • #2,720
  • Aug 21, 2012 10:47am Aug 21, 2012 10:47am
Quoting Cody_R
Oli,
Looking through the code, it happens at the 80% line.
--Cody
Thanks Cody, who needs glasses when you can just look at the code. I can't look at mine as it doesn't want to let me!
How hard would it be to code in the input tab the ability to get the 2 opposite bars to start moving at 100% instead of 80% and have the choice or possibility for both (ie 2 bars would start moving at 80% and 2 others at 100%)?
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