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Genesis Matrix Trading

  • #6,541
  • Oct 31, 2012 4:46am Oct 31, 2012 4:46am
Quoting bobby2
EU might make R2 in the next couple hours.　Might
Taking a look at H4, I'd say that some work would be needed for that, in particular as today's range is already wide enough for people to take profit and reload a bit lower.
Attached Image (click to enlarge)
Click to Enlarge Name: eu h4 31 oct.PNG Size: 45 KB
  • #6,542
  • Oct 31, 2012 4:46am Oct 31, 2012 4:46am
Quoting realjumper
What's your spread on gold?
Spread with my broker is 4 or 5 points. (1 point being 10 cents)
I like trading Gold, but usually on H1 or H4 because of the highish spread.
It pleases me no end that by using Genesis for entries, I am able to trade off of M15 charts. Possibly not so good on M5, but may well be useful for re-entries.
Please Do Not PM Me With Coding Enquiries
  • #6,543
  • Oct 31, 2012 4:47am Oct 31, 2012 4:47am
Quoting bobby2
EU might make R2 in the next couple hours.　Might
Anything is possible in FX!! I'm interested to see what happens, if anything, at NY open. After everything has been closed for 2 days, plus an early estimate of $50 billion in storm damage, what will the market do?

Might be interesting....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,544
  • Oct 31, 2012 4:48am Oct 31, 2012 4:48am
Quoting Gumrai
Spread with my broker is 4 or 5 points. (1 point being 10 cents)
I like trading Gold, but usually on H1 or H4 because of the highish spread.
It pleases me no end that by using Genesis for entries, I am able to trade off of M15 charts. Possibly not so good on M5, but may well be useful for re-entries.
Yeah....that's more or less what I thought. Thanks
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,545
  • Oct 31, 2012 4:53am Oct 31, 2012 4:53am
Quoting sho
Nice trading!! Haven't tried trading metals yet... :nerd:

Do the markets usually move well in gold/silver?
Gold often moves in a similar way to EU, but usually with bigger moves and bigger swings, so can give entry opportunities on retraces.
If you look at the EU and Gold M15 charts today you will see that the big move up started at the same time on both instruments. There was a retracement on Gold that didn'yt happen on EU though.
I should have re-entered on that retracement, but was away from the computer at the time. Daughter was hungry and wanted feeding

I don't even bother to look at Silver - spread is way too big.
Please Do Not PM Me With Coding Enquiries
  • #6,546
  • Oct 31, 2012 4:55am Oct 31, 2012 4:55am
There's a hidden bullish divergence on the EU Daily....fwiw....
Attached Image (click to enlarge)
Click to Enlarge Name: eudaily.jpg Size: 89 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,547
  • Oct 31, 2012 5:25am Oct 31, 2012 5:25am
Quoting Gumrai
Hi,
I have a question for Wiz or anyone who worked on the PDF.
With exit strategy 2, ie closing a short position when a candle closes above the MA and higher than the previous candle high.
The first exit shown on the diagram and shown as OK doesn't appear to have closed higher than the previous candles high.
Is this because HA candles are used?
My question is whether we use the actual candle close or the body of the HA candle.
I just want to be sure that I have understood this correctly
Thanks
Sorry for being late to reply but I have some issues in this time.

Good observation Gumrai ... you studied the pdf very well.
In the picture the first exit labeled OK is not correct.

I confirm that the exit 2 is based on :
1. HA candles only
2. Candle close above/below MA5
3. Candle Close above/below previous 1 or 2 HA candle high/low.

ciao

Wiz
You control how you trade; the market controls how and when you'll get paid
  • #6,548
  • Oct 31, 2012 5:37am Oct 31, 2012 5:37am
Quoting Karas
Hi everyone,

I'm new here and demoing this system for few weeks.
Just wanted to say thank you Genesis team for sharing this great work.
I have tested a lot of systems since i'm not experienced enough to create one, and that's definetly the clearest and most achieved system I had the chance to trade with.

One i've reached my objective on demo, I'm going live, and according to the results it'll be soon :-)

Have a nice day and happy trading !
Glad you're making progress Karas. Be advised that live trading is quite different to demo trading, so only trade what you can afford to lose
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,549
  • Oct 31, 2012 5:39am Oct 31, 2012 5:39am
Karas,

Good luck !!

Quoting Karas
Hi everyone,

I'm new here and demoing this system for few weeks.
Just wanted to say thank you Genesis team for sharing this great work.
I have tested a lot of systems since i'm not experienced enough to create one, and that's definetly the clearest and most achieved system I had the chance to trade with.

One i've reached my objective on demo, I'm going live, and according to the results it'll be soon :-)

Have a nice day and happy trading !
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #6,550
  • Oct 31, 2012 5:44am Oct 31, 2012 5:44am
Quoting realjumper
Glad you're making progress Karas. Be advised that live trading is quite different to demo trading, so only trade what you can afford to lose
Been there before don't worry ;-)
  • #6,551
  • Oct 31, 2012 5:59am Oct 31, 2012 5:59am
1. Trade with what you can afford to lose and not miss throwing away.
2. Have a great system (thanks RJ et al), and a good plan.
2. Treat trading as a game you have to play well; the better you play, the more you win.
3. Close the terminal window of your MT4, dont take a look at the 'money'; focus on the screen and 'playing' your game.
4. Since its a game, have all your gaming buttons and 'shortcuts' at your finger tips..no need having 5 steps to close a position and open one simultaneously. You need to have the option of reacting fast to the 'action'.
5. At day or week's end, be happy with the money you made; and/or research and be determined to be a better player (especially with losses). As with all games practice WILL make perfect.
  • #6,552
  • Oct 31, 2012 6:09am Oct 31, 2012 6:09am
Thanks everyone for the help yesterday regarding my Pivot lines.

I have solved the issues and loaded another indicator, that, surprise, surprise is pretty much spot on. Bloody FXCM!!!

I have attached it just in-case anyone else needs one.

Attached File(s)
File Type: mq4 SDX-TzPivots.mq4   23 KB | 469 downloads
  • #6,553
  • Oct 31, 2012 6:22am Oct 31, 2012 6:22am
Quoting bryce
Thanks everyone for the help yesterday regarding my Pivot lines.

I have solved the issues and loaded another indicator, that, surprise, surprise is pretty much spot on. Bloody FXCM!!!

I have attached it just in-case anyone else needs one.

Attachment
Make sure you check the beginning of the week because of the Sunday candle issue. It can upset the pivots on the opening day....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,554
  • Oct 31, 2012 6:34am Oct 31, 2012 6:34am
Quoting realjumper
Make sure you check the beginning of the week because of the Sunday candle issue. It can upset the pivots on the opening day....
I was looking at that crappy thing...

Why do they do it?
  • #6,555
  • Oct 31, 2012 6:35am Oct 31, 2012 6:35am
Quoting wiz3003
Sorry for being late to reply but I have some issues in this time.

Good observation Gumrai ... you studied the pdf very well.
In the picture the first exit labeled OK is not correct.

I confirm that the exit 2 is based on :
1. HA candles only
2. Candle close above/below MA5
3. Candle Close above/below previous 1 or 2 HA candle high/low.

ciao

Wiz
No worries Wiz, I didn't expect a reply during trading time, so your reply was quicker than I expected.

What I am trying to get clear in my mind as what is meant by the close of an HA candle.
If the HA candle is bullish, is the close considered the top of the candle body and vice cersa?
I have attached 2 images, One with japanese candles which closed just below the MA. In the other image, if you only have the HA candle body to look at, it appears that the price didn't close below the MA.
So in these examples, would you not exit the trade because the body of the HA candle did not breach the MA or would you exit because the actual close had breached the MA and was lower than the previous candle's low?.
Very sorry to be a pain, but I want to make sure that I am on the same page as you
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ma close jap candles.gif Size: 21 KB
Click to Enlarge Name: ma closeha candles.gif Size: 21 KB
Please Do Not PM Me With Coding Enquiries
  • #6,556
  • Oct 31, 2012 6:40am Oct 31, 2012 6:40am
Quoting bryce
I was looking at that crappy thing...

Why do they do it?
Beats me....it's real stupid!! I already had your indi and the Sunday candle spoils the pivots on a Monday. Cody re-coded it to handle that and it worked well although it needed a refresh (I think from memory) after the Sunday candle finished. I ended up just setting the pivots manually on my usual pairs and then it's done!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,557
  • Oct 31, 2012 6:43am Oct 31, 2012 6:43am
Quoting realjumper
Make sure you check the beginning of the week because of the Sunday candle issue. It can upset the pivots on the opening day....
Why not do as I do and download a free demo account such as FXPro that doesn't have the stupid short Sunday daily and 4 hour candle.
I use the demo account to find the trades and place them with my preferred broker.
It takes less than a second to change windows to your broker. If you are worried about CPU usage, don't have any indicators running on your broker's window at all.
Please Do Not PM Me With Coding Enquiries
  • #6,558
  • Oct 31, 2012 6:47am Oct 31, 2012 6:47am
Quoting Gumrai
Why not do as I do and download a free demo account such as FXPro that doesn't have the stupid short Sunday daily and 4 hour candle.
I use the demo account to find the trades and place them with my preferred broker.
It takes less than a second to change windows to your broker. If you are worried about CPU usage, don't have any indicators running on your broker's window at all.
Well I do a similar thing.....I use FXCM MT4 for charting, and FXCM TradeStation for trading. At least that way I'm getting the same info at the same time on both applications. I used to use a different broker for the MT4 demo, but the price difference....or more accurately the price lag difference was noticeable.

To set the pivots manually is a 10 minute per day chore, so it's no big deal
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,559
  • Oct 31, 2012 6:51am Oct 31, 2012 6:51am
Quoting realjumper
Beats me....it's real stupid!! I already had your indi and the Sunday candle spoils the pivots on a Monday. Cody re-coded it to handle that and it worked well although it needed a refresh (I think from memory) after the Sunday candle finished. I ended up just setting the pivots manually on my usual pairs and then it's done!!
Thanks for that, I will have to keep an eye on it...
  • #6,560
  • Oct 31, 2012 7:09am Oct 31, 2012 7:09am
Beware US open, high volume/volatility expected.

Reopen, due to storm closure, and mothend re-balance.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
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