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Genesis Matrix Trading

  • #6,981
  • Nov 7, 2012 4:19am Nov 7, 2012 4:19am
Quoting thomasK
My ATR value
Just 1 pip difference between yours and mine.......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,982
  • Nov 7, 2012 4:39am Nov 7, 2012 4:39am
Quoting realjumper
2 hour difference for me.....server time = GMT
Ah ... and the penny dropped: 2 hours gives a difference of 8 pips + another 4 pips difference around the previous 'midnight' and I now have my (yours actually) missing 12 pips. Phew.
  • #6,983
  • Nov 7, 2012 4:41am Nov 7, 2012 4:41am
With early signs of rejection at the bottom of the Asian range, I have moved my SL to BE
Attached Image (click to enlarge)
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  • #6,984
  • Nov 7, 2012 4:41am Nov 7, 2012 4:41am
Quoting olivierforex
Ah ... and the penny dropped: 2 hours gives a difference of 8 pips + another 4 pips difference around the previous 'midnight' and I now have my (yours actually) missing 12 pips. Phew.
See how much anxiety these brokers cause because they just WILL NOT all march to the same beat?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,985
  • Nov 7, 2012 4:43am Nov 7, 2012 4:43am
Quoting olivierforex
A few 'things' regarding ATR:
1) my ATR is showing 84 rather than 72. Is it just me?
2) for those who use the Genesis Dashboard (GMTS Dash) as in Jamz's post:
http://www.forexfactory.com/attachme...9&d=1352180227
If you set the 'ADR Enable' to 'True' you'll see exactly where we are in the ATR range in graphical % form (sometimes it helps spotting where we are especially if the LFL-ATR Projection lines are far away).
3) maybe this is for Cody/Xaphod/Wiz.... can anyone confirm that the ATR (in LFL-ATR) and...
ATR != ADR

 

  1. ADR = Average Daily Range. ((Daily High - Daily Low) for N days)/ N
    TR = True Range = MAX[ High(today) - Low(today), Close(yesterday) - High(today), Close(yesterday) - Low(today) ]
    ATR = Average True Range = (TR for N days) / N
  2. The results are usually similar. Are you using the same period?
    One can set the period for the ADR in the dashboard via the parameter: ADR.Days
    What value is period parameter set to in the LFL-ATL indicator? The default value is probably 14.
  3. The ADR calculation in the dashboard is simple and based on daily candles, so it is dependent on your brokers server time-shift.

  • #6,986
  • Nov 7, 2012 4:54am Nov 7, 2012 4:54am
Quote
Xaphod said they would fix it in the next release, something to do with size of currency codes.
Sorry, have not had the time. I'll get round to it soon. I only recall an issue with the size of the text which has to do with the font size set for the desktop.


Quoting olivierforex
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?
If you let me know which brokers it does not work on, I'll look into it. Eventually...
  • #6,987
  • Nov 7, 2012 4:58am Nov 7, 2012 4:58am
I am out of my EU long trade at BE.
Pa has now been rejected twice at the bottom of the range at the peak of the Asian session. Suggests that maybe the bears are gaining strength.
Maybe a short signal soon, but if taken, need to be ready to get out quick if the market moves against you.
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  • #6,988
  • Nov 7, 2012 5:08am Nov 7, 2012 5:08am
Took the short on EU, had broken below R1 and at last there seems to be some momentum.
Trigger finger at the ready to get out quick if the trade moves against me.
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  • #6,989
  • Nov 7, 2012 5:10am Nov 7, 2012 5:10am
I'm cautious today and once again moved my SL to BE very quickly
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  • #6,990
  • Nov 7, 2012 5:10am Nov 7, 2012 5:10am
Quoting Gumrai
Took the short on EU, had broken below R1 and at last there seems to be some momentum.
Trigger finger at the ready to get out quick if the trade moves against me.
I'm in this short as well. I took the short off the top too
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,991
  • Nov 7, 2012 5:19am Nov 7, 2012 5:19am
Quoting Xaphod
ATR != ADR

 

  1. ADR = Average Daily Range. ((Daily High - Daily Low) for N days)/ N
    TR = True Range = MAX[ High(today) - Low(today), Close(yesterday) - High(today), Close(yesterday) - Low(today) ]
    ATR = Average True Range = (TR for N days) / N
  2. The results are usually similar. Are you using the same period?
    One can set the period for the ADR in the dashboard via the parameter: ADR.Days
    What value is period parameter set to in the LFL-ATL indicator? The default value is probably 14.
  3. The ADR calculation in the dashboard is simple and...

Ok that's where the difference comes from:
.my ADR is set at 20 (default settings(?) - what would you/anyone recommend if this is not correct)?
.looking at the LFL-ATR indicator code, I assume that it is set to 7 (int g_period_76 = 7; ... double l_iatr_12 = iATR(NULL, PERIOD_D1, 7, 0). Again, what would be a good setting and more importantly should I be using the same number for both?
Thanks in advance and for your usual quick reply.
  • #6,992
  • Nov 7, 2012 5:23am Nov 7, 2012 5:23am
Quoting realjumper
I'm in this short as well. I took the short off the top too
i'm in too. locking profit +5
  • #6,993
  • Nov 7, 2012 5:23am Nov 7, 2012 5:23am
I've been looking at this system for a while and would like to know if it would be realistic to only use an R:R of 1:1 when you are confident about an entry, as these entries seems to be here everyday, and you also only take the strongest setup once a day, say within the first few hours of London open when traders are very active.

After a month you should have made between 15-22% interest on your account if you traded 1% risk, and taking a loss into account here and there.

From what I've seen this looks possible, but I've also only been backtesting this and a little bit of demo'ing.

Please blow some holes into this theory so I can see the light better.
  • #6,994
  • Nov 7, 2012 5:26am Nov 7, 2012 5:26am
Quoting realjumper
I'm in this short as well. I took the short off the top too
You mean that you took the short after the triple top?
With the benefit of hindsight I can see that indicated that the bulls were losing control. I don't know why it didn't register at the time. Perhaps I am too obsessed with not trading when the market is ranging?!
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  • #6,995
  • Nov 7, 2012 5:31am Nov 7, 2012 5:31am
Quoting Gumrai
You mean that you took the short after the triple top?
With the benefit of hindsight I can see that indicated that the bulls were losing control. I don't know why it didn't register at the time. Perhaps I am too obsessed with not trading when the market is ranging?!
What sealed it for me was the m15 stoch diverging......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,996
  • Nov 7, 2012 5:39am Nov 7, 2012 5:39am
Moved stop to lock in 7 pips. Best to be cautious this week with the way PA has been going
Attached Image (click to enlarge)
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  • #6,997
  • Nov 7, 2012 5:41am Nov 7, 2012 5:41am
Quoting olivierforex
[/list]Ok that's where the difference comes from:
.my ADR is set at 20 (default settings(?) - what would you/anyone recommend if this is not correct)?
.looking at the LFL-ATR indicator code, I assume that it is set to 7 (int g_period_76 = 7; ... double l_iatr_12 = iATR(NULL, PERIOD_D1, 7, 0). Again, what would be a good setting and more importantly should I be using the same number for both?
Thanks in advance and for your usual quick reply.
Yes, you should be using the same number for both if you want comparable data. Given that the LFL-ATR is in popular use here, setting the ADR to 7 would be a reasonable choice.

For the ADR, the most popular settings probably are 5 and 20. The former being a week and the latter about one month. I do not think one can consider any one setting more correct than another. Use whatever you think gives a good estimate for your trading strategy.
  • #6,998
  • Nov 7, 2012 5:44am Nov 7, 2012 5:44am
And the 7000th post goes to Xaphod
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,999
  • Nov 7, 2012 5:58am Nov 7, 2012 5:58am
Trade getting close to DP and BRN at 1.2800, getting ready to really tighten up SL if it gets there
Attached Image (click to enlarge)
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  • #7,000
  • Nov 7, 2012 5:59am Nov 7, 2012 5:59am
I showed up a little late tonight and did not catch this last full move, Just closed my EJ short at DP for +22.7, Still holding my EU trade, going for DP. How is everyone tonight? So did you hear Colorado and Washington State have legalized Marijuana today? Never thought I would see the day, This is going to be a gold rush for the economy in Colorado and Washington!
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