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Genesis Matrix Trading

  • #6,921
  • Nov 6, 2012 10:38am Nov 6, 2012 10:38am
Quoting olivierforex
If it can still do the other 2 things that I require I wouldn't mind getting it please (someone might be able to recode/replace the ATR bit with standard pips at a later date).
By the way, did you find a solution to get the Matrix Signals to work properly in the end?
No, I gave up on the Matrix Signals.

Xaphod/CodyR said they would fix it in the next release, something to do with size of currency codes.

RJ, please excuse this (posting an idie)
Attached File(s)
File Type: mq4 NRTR_ATR_STOP.mq4   4 KB | 471 downloads
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #6,922
  • Nov 6, 2012 11:26am Nov 6, 2012 11:26am
Quoting Martyfish
No, I gave up on the Matrix Signals.
Xaphod/CodyR said they would fix it in the next release
The ATR SL doesn't do what I asked for (when you drop it on a chart you can select at which time/candle the TSL starts) but thanks anyway.

I asked about the Matrix Signals because I came across something that is worth trying if you haven't already done so: download a few other MT4s and try it on there too. With all settings being exactly the same, I can get mine to work on AlpariUK/ForexLtd/ICM/FXCM but it doesn't work on a couple of others. Maybe something to do with the way each different MT4 is set up/operates?
  • #6,923
  • Nov 6, 2012 11:52am Nov 6, 2012 11:52am
Ok sorry.

Thanks, I will try that

Quoting olivierforex
The ATR SL doesn't do what I asked for (when you drop it on a chart you can select at which time/candle the TSL starts) but thanks anyway.

I asked about the Matrix Signals because I came across something that is worth trying if you haven't already done so: download a few other MT4s and try it on there too. With all settings being exactly the same, I can get mine to work on AlpariUK/ForexLtd/ICM/FXCM but it doesn't work on a couple of others. Maybe something to do with the way each different MT4 is set up/operates?
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #6,924
  • Nov 6, 2012 12:04pm Nov 6, 2012 12:04pm
Quoting Roulette
I agree with you on this. I have not taken one single trade today. The EU and UC trades at the Frankie open were the only one of my markets that were high-probablility.

However, I didn't take EU because the trend was weakening on my HTF chart and I didn't take UC because there was not enough profit to my first target.


Knowing when to sit on your hands and determine when a market is offering you a high-probability setup is one of the most important traits that you can develop as a trader. Think of it this way: [b]You are paid to sit at the...
Roulette,

what you say makes a lot of sense and it is very rationale .... unfortunately the issue is that human beings seldom act according to rational thoughts and their behaviours are in control of emotions (otherwise we couldn't explain why markets trend and aren't efficient).

Having said that to master the right skills to make money "consistently" take time, a great effort and good attitude..... but overall the will to achieve this. I don't remember who said that everyone get out of the market what they really want.

ciao

wiz
You control how you trade; the market controls how and when you'll get paid
  • #6,925
  • Nov 6, 2012 12:30pm Nov 6, 2012 12:30pm
Quoting wiz3003
I don't remember who said that everyone get out of the market what they really want.

ciao

wiz
Ed Seykota:

"Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money."

Source: Jack Schwager, Market Wizards
  • #6,926
  • Nov 6, 2012 1:12pm Nov 6, 2012 1:12pm
Hi all,

is anybody able to code the genesis matrix indicator in the "Forex tester 2" language ? It could be a great way to practice.

maving average, CCI, heiken ashi and stochastics are allready available, but the gann hi-low, TVI and the T3 are not included.
  • #6,927
  • Nov 6, 2012 2:25pm Nov 6, 2012 2:25pm
Quoting realjumper
Another thing, while we're on the subject.....it is very rare to get a trade with zero drawdown....it does happen, but not too often. The fact that we set a SL that is acceptable to our account is one thing.....it is another to understand and expect that the PA does not move in a straight line. Your trade may go to -10, then +5, then 0, then +17, then +10, then +7, then +22 etc etc etc......that's how the market moves. If the setup is perfect, then the trade has a high probability of working , and the target should be the next pivot or other s/r...
I had 5 break even trades today and I am perfectly ok with that, Did not lose anything and I live to fight another day!
  • #6,928
  • Nov 6, 2012 4:46pm Nov 6, 2012 4:46pm
Quoting Jandre
I had 5 break even trades today and I am perfectly ok with that, Did not lose anything and I live to fight another day!
I had 1 break even trade and that's all. Nothing that saw really inspired me to risk any capital. Today might bring a better behaved market....or not!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,929
  • Nov 6, 2012 10:02pm Nov 6, 2012 10:02pm
I am going to stay away from the market today due to election results. EU also went up 50 pips during asia session and i am seeing faster movements than usual.

EDIT now it went up 70 pips. Highly unusual.
  • #6,930
  • Nov 6, 2012 10:03pm Nov 6, 2012 10:03pm
I looked at the Hourly chart on EU and saw that price had made a higher low and that the stoch had turned up from the 20 level. H1 had a bullish arrow in place for quite a few candles.
So down to the M15 chart, it didn't look an absolutely perfect trade, but ticked most boxes, so I entered long.
Price has hit resistance at R1 now and so I have moved SL to lock in 5 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 7 nov.gif Size: 24 KB
Please Do Not PM Me With Coding Enquiries
  • #6,931
  • Nov 6, 2012 10:06pm Nov 6, 2012 10:06pm
Quoting Gumrai
I looked at the Hourly chart on EU and saw that price had made a higher low and that the stoch had turned up from the 20 level. H1 had a bullish arrow in place for quite a few candles.
So down to the M15 chart, it didn't look an absolutely perfect trade, but ticked most boxes, so I entered long.
Price has hit resistance at R1 now and so I have moved SL to lock in 5 pips.
Great going. You took the trade at the right time.
  • #6,932
  • Nov 6, 2012 10:11pm Nov 6, 2012 10:11pm
Quoting insainty
Great going. You took the trade at the right time.
Thanks

R2 hit and so moved stop just below R1, locking in 20 pips.
Please Do Not PM Me With Coding Enquiries
  • #6,933
  • Nov 6, 2012 10:14pm Nov 6, 2012 10:14pm
Quoting Gumrai
Thanks

R2 hit and so moved stop just below R1, locking in 20 pips.
It will be great for you if it reaches R3 Good luck
  • #6,934
  • Nov 6, 2012 10:21pm Nov 6, 2012 10:21pm
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Someone has whispered the election results to someone!!!
  • #6,935
  • Nov 6, 2012 10:24pm Nov 6, 2012 10:24pm
USD is taking a hit across the board.....I don't pretend to understand why, but it's helping the pip count very nicely....thank you
Attached Image (click to enlarge)
Click to Enlarge Name: usdx.jpg Size: 113 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,936
  • Nov 6, 2012 10:53pm Nov 6, 2012 10:53pm
Price has penetrated but not been able to close above R2 for 3 candles so tightening my SL and locking in 40 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 7 nov no 2.gif Size: 23 KB
Please Do Not PM Me With Coding Enquiries
  • #6,937
  • Nov 6, 2012 11:04pm Nov 6, 2012 11:04pm
Quoting Gumrai
Price has penetrated but not been able to close above R2 for 3 candles so tightening my SL and locking in 40 pips.
I'm all out...cashed up and eating.....again!!!

Roll on Frankie......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,938
  • Nov 6, 2012 11:18pm Nov 6, 2012 11:18pm
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
I'm happy as a sandboy with +25 off the USDCAD and a nearly as big as in America garlic steak for tea. I'm learning how to relax when trading by going gardening after stoploss is at BE instead of annoying the charts with nervous decisions. I don't care why the currencies decided to move either.....
  • #6,939
  • Nov 6, 2012 11:26pm Nov 6, 2012 11:26pm
Quoting Gumrai
Price has penetrated but not been able to close above R2 for 3 candles so tightening my SL and locking in 40 pips.
I'm out now with 40 Pips profit. Not a bad start to the trading day
Please Do Not PM Me With Coding Enquiries
  • #6,940
  • Nov 6, 2012 11:27pm Nov 6, 2012 11:27pm
Quoting Jamz
I'm happy as a sandboy with +25 off the USDCAD and a nearly as big as in America garlic steak for tea. I'm learning how to relax when trading by going gardening after stoploss is at BE instead of annoying the charts with nervous decisions. I don't care why the currencies decided to move either.....
Very nice Jamz....that's the way
Doing what you like is Freedom. Liking what you do is Happiness.
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