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Genesis Matrix Trading

  • #3,121
  • Edited 3:20am Aug 25, 2012 2:34am | Edited 3:20am
Quoting tehnobyte
I have several request for template so I will post here. For trading fractal +matrix we need whole new thread but i have no time to manage it for now so i try to explain basics here, hope rj agree.
Matrix included is visual same like genesis but it has more staff included in:
it generate MTF SR lines , targets , mtf monitor, and alerts.
So the basic are:we trade fractal breakout + matrix and (if possible) color cci confirmation . we dont wait bar to close if all is in agreement. we exit first part at target1 and we exit second part at target2...
IMHO from all of this system realy useful can be AIMS BOX indicator.
Because the indicator is not repainted. Coded to paint tenntative BOX at the end of the 4th candle instead of 5th candle (as fractals by Bill Williams system), so we have time of one more candle for confirmation. Also it is very useful for proper MM and trailing. And we are able to use pending orders instead of market execution.
All other staff is only dazzle in my eyes.
No need CCI its already included into matrix.
No need pipwares dashboard and charts - HTF is lagging and only confusing me. Trade what you see!
No need trendlines because we can draw it byself with better results.
Ok. Any way its only my opinion. Don't be angry with me mate)))
And thank you for reminder about AIMS. I used them before but for some reason leaved. Now, I think it can be really useful. May be together with its Entry Alerts. I checked and found it was signal from Aims Alerts the same time with matrix on Friday, so good potential I think...
Everything is possible!!! Step by Step...
  • #3,122
  • Edited 6:51am Aug 25, 2012 4:43am | Edited 6:51am
Quoting DmitryFX
IMHO from all of this system realy useful can be AIMS BOX indicator.
Because the indicator is not repainted. Coded to paint tenntative BOX at the end of the 4th candle instead of 5th candle (as fractals by Bill Williams system), so we have time of one more candle for confirmation. Also it is very useful for proper MM and trailing. And we are able to use pending orders instead of market execution.
All other staff is only dazzle in my eyes.
No need CCI its already included into matrix.
No need pipwares dashboard and charts - HTF is lagging and only...
Aims box is only there to show you fractals sr in past so you don't need it while matrix indicator generate fractal support and resistance line (they are the same as aims box edges ).
Why stochastic is not coded in matrix ,while in matrix you don't see all information like in standard indicator. The same reason is with cci you mast see all info what indicator is giving, if you want to use it properly. Ie divergence , the first and second pick and other staff. if you can trade without good for you.


Dashboard give me very important information in example: I trade in m5 and get signal matrix + breakout, target 1 is crossed and I see highlight of m15 on dashboard so i know m15 sr line is broken now i readjust target to that sr and then i see m30 is also broken and so on. The point is: PRICE IS MOVING IN STEPS and you can target every step by step with precision of one pip when you use target tools so for me this is number 1 indicator. Beside that dashboard generate little romb indicator on chart which represent only breakouts in opposite direction so you know price is changing direction. Th arrows show you the current direction of breakout in other tfs.

Pipware charts are modified to use RJ ma, so in a snap I see situation in all time-frames . if you can live without good
also MA60 pointer when i see that in front of price direction i see trouble,
price never ignore that beast.
the trendlines indicator is not included in template while is commercial, but I have it on my chart and its amazing staff it draw trendlines not only from current chart but also from htf so drawing all that in 4 charts and constantly adapt to new price position is not easy, i have served all that on plate.

The BEST SIGNAL are when target 1 or 2 line on pivots or ma60 or trendlines !

So all that for me is essential for you is dazzle in your eyes ,but every traders has his own style if not he must find his own style else he will only loos money !
pro4ex trading suite
  • #3,123
  • Edited 6:57am Aug 25, 2012 6:46am | Edited 6:57am
See if this indicator can help. Or another rubbish? Anyone know about this indi?

http://codebase.mql4.com/source/10197

Attached Image (click to enlarge)
Click to Enlarge Name: genesis.png Size: 70 KB


Attached Image (click to enlarge)
Click to Enlarge Name: genesis2.png Size: 77 KB


http://www.forexfactory.com/showthre...11#post5955711
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,124
  • Aug 25, 2012 7:02am Aug 25, 2012 7:02am
Quoting Zingers
Hi Technobyte - thanks for the template and indis. I am not getting the ColorCCI to display - just a blank indicator box. Do I need any other indicators that it may be dependent on? Using metatrader 4 version 419.
Probably you don,t see it while the market is closed now !
pro4ex trading suite
  • #3,125
  • Aug 25, 2012 7:17am Aug 25, 2012 7:17am
Quoting tehnobyte
I have several request for template so I will post here. For trading fractal +matrix we need whole new thread but i have no time to manage it for now so i try to explain basics here, hope rj agree.
Matrix included is visual same like genesis but it has more staff included in:
it generate MTF SR lines , targets , mtf monitor, and alerts.
So the basic are:we trade fractal breakout + matrix and (if possible) color cci confirmation . we dont wait bar to close if all is in agreement. we exit first part at target1 and we exit second part at target2...
Love it!

  • #3,126
  • Aug 25, 2012 8:37am Aug 25, 2012 8:37am
Quoting heispark
See if this indicator can help. Or another rubbish? Anyone know about this indi?
Matrix has the TVI to indicate extremums. So what for ZIgZag?
Everything is possible!!! Step by Step...
  • #3,127
  • Aug 25, 2012 12:45pm Aug 25, 2012 12:45pm
Thanks for your replies/advice RJ, pete123, ohammond, IhDT and Yelena (in case you posted and deleted ... just kidding )!

I'm glad I don't have to read Symphonie, especially after going through BigE's and Genesis post by post for the past 10 days or so (Genesis twice). That was tiring, but brought me up to speed on forex quite quickly I feel and provides practical perspective on the theory learnt in pipschool.

Regarding my experience in equities, RJ, I feel it helps but I actually have to throw most of that stuff out the window to daytrade forex. The biggest difference between forex and equities is that in equities you have a big available universe to choose from, volume traded is available, and value is a balance between absolute and relative, so a higher element of prediction is possible. And it's possible to trade after a lengthy confirmation period (from frequent volume breakouts to fundamental confirmation etc) and still pyramid for profits.

But doing these things in forex will ABSOLUTELY KILL YOU, obvious even with my limited experience. The worst combination in forex is probably prediction/bias + mid-movement entry (late confirmation) + pyramiding due to the continued re-tests of price levels.

So what I was looking for at Forex Factory, was an early entry method with a high probability setup, and BigE's methods certainly was. But it was too dependent on one indicator that fluctuates (and hence subjective). So you can imagine my joy when I came across Genesis (I don't need to elaborate on the virtues of Genesis, I'm sure), which is a big leap ahead in my opinion. Perhaps there is a better system out there, but Genesis if mastered, should be plenty good enough already.

So yeah, this should be the one. I don't feel the need to look at systems in other threads. Just other threads that provide good forex understanding and perspectives.

I can only start trading this system in one weeks time (on holiday), so I hope I can learn as much as I can until then, and start my journey with Genesis trading. So if other resources pop up that you feel may help me or other newbies here, would much appreciate the sharing.

Big thanks again!
  • #3,128
  • Aug 25, 2012 12:59pm Aug 25, 2012 12:59pm
Quoting realjumper
Hi, and welcome on board. As you have some trading experience (equities) I think you will pick this up without a lot of difficulty. I too spent some time on Big E's thread and his original teachings were very interesting and you can see bits and pieces of that in the Genesis System, and also in the way I used to use Symphonie System. Big E was/is a nice guy and his thread was great......it got a bit cloudy when Big E got sick, but early on it was really good.

As Olivia said, going through the Symphonie System will just confuse you. It's inherent...
RJ, thanks for the book suggestion. It has been sitting on my shelf for a few years, albeit I never got through it or found it useful like High Probability Trading which I only came across a few months ago.

My view though, is that if your system generates small SL (ie use an early confirmation entry on a low TF), high win-ratio, generates frequent trade opportunity, helps you catch trades with momentum (and ignore range-bound trades), utilizes simple entry signals and you're making pips consistently, it's not hard to be in the right mental state.

But if your system needs a large SL, has a low win-ratio (even if overall R-multiple is high), need to wait days for a trade opportunity to emerge, or have complicated entry/exit signal ... no amount of reading/exercising/hypnotizing/relaxation methods will help.

Why battle uphill when you can trade Genesis
  • #3,129
  • Aug 25, 2012 6:55pm Aug 25, 2012 6:55pm
Quoting heispark
See if this indicator can help. Or another rubbish? Anyone know about this indi?

http://codebase.mql4.com/source/10197

Attachment

Attachment

http://www.forexfactory.com/showthre...11#post5955711
I have asked this on the thread before, but for your benefit I will repeat it.

If you find an indicator that *you* like. PLEASE, thoroughly test it......for several weeks.....under all market conditions....BEFORE you throw it up here on the thread.

This is not an indicator thread.....it is the Genesis Trading thread, where we take trading very seriously indeed. This is not a joke to us, it is our source of income.

If you can bothered to do any testing at all, you would know that zig zag is a repainting indicator and is of no use or benefit to Genesis Trading System.

The indicators, as supplied in Post #1 are ALL YOU NEED to trade profitably. Instead of wasting time chasing for the hold grail of indicators, you would be much better off to learn to trade the system as supplied.

To keep filling your charts up with more and more indicators is just plain stupid and is not helpful to you or anyone else.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,130
  • Aug 25, 2012 9:25pm Aug 25, 2012 9:25pm
Quoting RainyDay1
RJ, thanks for the book suggestion. It has been sitting on my shelf for a few years, albeit I never got through it or found it useful like High Probability Trading which I only came across a few months ago.

My view though, is that if your system generates small SL (ie use an early confirmation entry on a low TF), high win-ratio, generates frequent trade opportunity, helps you catch trades with momentum (and ignore range-bound trades), utilizes simple entry signals and you're making pips consistently, it's not hard to be in the right mental state....
You're very welcome.....I didn't really like the book 'Trading in the Zone' at all..I found it tedious and boring!! Many like though so it's all good.

I understand what you meant about equities vs fx trading, I was more referring to the mental side of things rather than the differences/similarities between the two.

Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,131
  • Aug 25, 2012 11:11pm Aug 25, 2012 11:11pm
Hi RJ and team please allow me to share just a little bit of my trading experience to a newer bee than me newbie.Before forex I have traded stock intraday for almost 10yrs quite profitably and I watch the price and volume only without any chart or indicator.Move on to forex almost four years ago due to its 24hrs trading.
Volume in forex differ from one broker to the other so its very hard for me to
gauge the bull/bear strength initially.BUT I found out the next best thing to gauge the bull/bear strength is by watching the price and indicator divergence/convergence.For those who forget there is a BID/ASK and DONE/Executed of price. Divergence between price and indicator happen because in a downtrend more of the price is DONE at ASK price rather than BID price,vice versa for uptrend.It shows the weakening of the bear and that more buyer is willing to buy at ASK price.That is why you see price keep on falling but the indicator keep rising.It does not mean price will change direction immediately .IT may move sideway or continue down once bear find renewed strength.SO how to trade this set up profitably?There are many ways some example are price nearing pivot,support/resistance or already hit its daily range will increase your chances of a winning trade.The more confluence the better.AND divergence will almost always happen near the swing high/low ,so if it turn out to be winner your r/r will be very good.It can also be use to exit trade. As for me I prefer the M5/15 time frame cause the impact is almost immediate and the stop can be as low as 7pips including spread.You will have 50/75% success rate initially trading this set up alone. But with lots of practice you can hit 85/90% success rate. Since we now trade Genesis, we can wait for the signal to enter once divergence is spotted.Its much safer and to keep you more discipline in following system rule.

To all newbie including myself,you only need to master one or two set up to
make pips/$ daily. Do not try to add more indicator ,moon wave ,microwave etc..to complicate yourself.This system has been tested for 1yrs before releasing to the general public.

Thanks to RJ and team for sharing this great system for free for all of us to profit from it.
  • #3,132
  • Aug 26, 2012 2:48am Aug 26, 2012 2:48am
Quoting RainyDay1
Regarding my experience in equities...
Hi & welcome Rainy,
Although I haven't tried it on individual stocks, Genesis works fine on Indices (Dow, ES, Dax ...) and commodities (Gold, Silver) or if you favour increased volatility (Crude & Brent).
  • #3,133
  • Aug 26, 2012 2:57am Aug 26, 2012 2:57am
Quoting hubby7
Volume in forex differ from one broker to the other so its very hard for me to gauge the bull/bear strength initially.BUT I found out the next best thing to gauge the bull/bear strength is by watching the price and indicator divergence/convergence.Divergence between price and indicator happen because in a downtrend more of the price is DONE at ASK price rather than BID price,vice versa for uptrend.It shows the weakening of the bear and that more buyer is willing to buy at ASK price.That is why you see price keep on falling but the indicator keep...
Hi Hubby,
I agree with you that looking for price/indicator divergences before an entry is very important on the M5 TF where we don't have the luxury of a bigger SL.

Regarding Volume in MT4 this is what I believe is true but if someone knows otherwise, feel free to correct me:
.the 'volume' indicator doesn't really show volume at all and it should be at least renamed to something else.
.it only tells you how many times the price has changed in your current bar and that's why:
1) when you look at a M1 chart you can see on occasions a very big difference on the 'volume' level between one broker and another (for this reason, 'better' brokers that report even the smallest of tick moves are likely to show higher 'volume' than the others).
2) you can't rely on it much because a 5 pip/tick move in a low liquidity period like the Asian session will be treated in the same way as a 5 pip/tick move during the Europe session. In other words, during Asia you can move EurUsd by 5 pips with x amount of € or $ but you will need many more € or $ to move it by the same amount during the Europe session.

So in a nutshell, the 'volume' indicator in MT4 doesn't tell you at all how many € & $ have actually changed hands on each candle. Some people are happy with the 'approximation' but as Genesis doesn't require it, you might as well not cloud your judgement with it.
  • #3,134
  • Aug 26, 2012 7:06am Aug 26, 2012 7:06am
Spot on, Oli.
  • #3,135
  • Aug 26, 2012 8:26am Aug 26, 2012 8:26am
Quoting RainyDay1
RJ, thanks for the book suggestion. It has been sitting on my shelf for a few years, albeit I never got through it or found it useful like High Probability Trading which I only came across a few months ago.
...
Hi, RAINY! Do you have "High Probability Trading" as *.pdf?
Everything is possible!!! Step by Step...
  • #3,136
  • Aug 26, 2012 9:31am Aug 26, 2012 9:31am
Quoting realjumper
I have asked this on the thread before, but for your benefit I will repeat it.

If you find an indicator that *you* like. PLEASE, thoroughly test it......for several weeks.....under all market conditions....BEFORE you throw it up here on the thread.

This is not an indicator thread.....it is the Genesis Trading thread, where we take trading very seriously indeed. This is not a joke to us, it is our source of income.

If you can bothered to do any testing at all, you would know that zig zag is a repainting indicator and is of no use or benefit...
Thank you for your feedback and advice. Understood clearly!
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,137
  • Aug 26, 2012 12:13pm Aug 26, 2012 12:13pm
I've tried to filter out some false signals, I put Genesis on an 8pip Range bar chart. I think it's more than good...

http://s19.postimage.org/599exc8rj/G..._Bar_Chart.jpg
  • #3,138
  • Aug 26, 2012 1:03pm Aug 26, 2012 1:03pm
Quoting san1111
I've tried to filter out some false signals, I put Genesis on an 8pip Range bar chart. I think it's more than good...

http://s19.postimage.org/599exc8rj/G..._Bar_Chart.jpg
8pip Range, I don't get it? Only shows your using 2min candles?
  • #3,139
  • Aug 26, 2012 1:07pm Aug 26, 2012 1:07pm
Quoting Jandre
8pip Range, I don't get it? Only shows your using 2min candles?
Its a candle with fixed lenght of 8 you can easily see that all candles are the same lenght. You can achive that when you use a range bar indicator which creates such a chart.
  • #3,140
  • Aug 26, 2012 1:08pm Aug 26, 2012 1:08pm
Quoting Jandre
8pip Range, I don't get it? Only shows your using 2min candles?
That's just the way range bars/renko bars 'have' to look in MT4: these bars are not time-based at all so take no notice of the M2 at the top left (you only get a new bar once the market has moved 8 pips in one direction so if the market is in a 7 pip range for 5 hours no new bar is added)
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