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Genesis Matrix Trading

  • #7,321
  • Nov 13, 2012 7:17am Nov 13, 2012 7:17am
Quoting idempotent
I took this EU short also, and cut it short just before it hit my SL.

Why was this not a HPT? I see:

 

  1. M5 and M15 stochs pointing down
  2. matrix all red
  3. broken the BRN
  4. downtrend
  5. opened under MA

The only warning (that I missed) is the previous bounce off the "low" line, though this is not part of the core genesis stuff,

On M15, I don't see anything to keep me out. Enlighten?

Chart?????
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,322
  • Nov 13, 2012 7:29am Nov 13, 2012 7:29am
Quoting rotmos
I don't know if anybody out there has experienced Genesis Matrix making there system to slow or sometimes not responding especially when you change from one TF to anther. What can be the solution.
Anyone using the Arrow & MTF Arrow on many charts and many TFs should update to
http://www.forexfactory.com/showthre...89#post6128489 (Arrow)
and
http://www.forexfactory.com/showthre...29#post6137829 (MTF Arrow)
because they are both less CPU intensive
http://www.forexfactory.com/showthre...39#post6135539
and you young man
Quoting llrickkll
I entered at 32.41... and holding it still now. What do you mean in pivots? Elaborate pls. Thanks
you need to read the thread from #1 or at least this before RJ gets medieval on you:
http://www.forexfactory.com/showthre...69#post6090869
  • #7,323
  • Nov 13, 2012 7:38am Nov 13, 2012 7:38am
Quoting realjumper
Chart?????
Gah, sorry. Edited the post.
  • #7,324
  • Nov 13, 2012 7:49am Nov 13, 2012 7:49am
Quoting idempotent
Gah, sorry. Edited the post.
Ok.....I'm really struggling to read charts like that, I find the stoch's some of you are using are just a nightmare to read....however: At the time that trade was taken, yes, it did meet the criteria of the system, but as I keep saying, people have to have *some* trading skills to make this work to their best advantage. The PA was in a narrow range when that trade was taken.....it couldn't get above S1, and it had made the daily low previously, and then tested it 4 candles later and bounced right off to S1 again. Where that trade was entered was just a few pips above the (unbroken) daily low.....I would not contemplate entering there because the daily low hadn't been broken....in other words, it was an area of good support.....and it still hasn't yet been broken!

So the narrow range the PA was in was very apparent, and there are no HP trades until that range gets broken, which it eventually did with that spike up north. The spike was too fast to trade, but it presented a nice HP short trade opportunity as the PA was rejected by the DP.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,325
  • Nov 13, 2012 8:09am Nov 13, 2012 8:09am
Quoting realjumper
Ok.....I'm really struggling to read charts like that, I find the stoch's some of you are using are just a nightmare to read
Yeah, me too, but "decided" that was better than losing the screen real estate to having them separate. I recall your push to have us post with a uniform template, but I thought mine was close enough. Happy to stick to a more conforming one.

In fact, I went looking for it. The template in the zip on page 1 was from 25 July, and as far as I can teill (from a text editor) it only has the M5 (or current) stoch on it. I saw your AU chart from earlier, and it has M5 and M15. I can't seem to make my MTF Stoch look as clear as yours. Would you care to add that template to post 1, and add text to the effect that we should use that as the screenshot template?

Quoting realjumper
....however: At the time that trade was taken, yes, it did meet the criteria of the system, but as I keep saying, people have to have *some* trading skills to make this work to their best advantage.
Thanks for the detailed response.
  • #7,326
  • Nov 13, 2012 8:16am Nov 13, 2012 8:16am
Quoting idempotent
Yeah, me too, but "decided" that was better than losing the screen real estate to having them separate. I recall your push to have us post with a uniform template, but I thought mine was close enough. Happy to stick to a more conforming one.

In fact, I went looking for it. The template in the zip on page 1 was from 25 July, and as far as I can teill (from a text editor) it only has the M5 (or current) stoch on it. I saw your AU chart from earlier, and it has M5 and M15. I can't seem to make my MTF Stoch look as clear as yours. Would you...
No problem.....I hope that all made sense.

Regarding your charts.....if you are happy with your stoch like that, then that's all good....I just find it hard to read.

We are talking about the 'posting template' method that Olivia explained a while ago, and we will be posting something very soon about that.

You're correct, the template on Post #1 just has the M5 stoch on it. I will edit that on the weekend and let everyone know
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,327
  • Nov 13, 2012 8:21am Nov 13, 2012 8:21am
3.20am....time for sleep. I ended with +54 minus the 17 I lost in EU just after Frankie, so that leaves me with +37 for the day. That's ok......short of my target but that's all mister market wants to give me today, so it's all good

See you tomorrow

RJ
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,328
  • Nov 13, 2012 8:29am Nov 13, 2012 8:29am
Quoting rotmos
I don't know if anybody out there has experienced Genesis Matrix making there system to slow or sometimes not responding especially when you change from one TF to anther. What can be the solution.
Hi,

I turned off every kind of alert I had (arrow and matrix has one? cannot recall) and it is smooth ever since.
  • #7,329
  • Nov 13, 2012 8:30am Nov 13, 2012 8:30am
Tomorrow RJ, good night..
  • #7,330
  • Nov 13, 2012 9:05am Nov 13, 2012 9:05am
Quoting rotmos
I don't know if anybody out there has experienced Genesis Matrix making there system to slow or sometimes not responding especially when you change from one TF to anther. What can be the solution.
1. Do you have the problem when you have only the genesis matrix on the chart? Ie have you localized the problem to the matrix indicator?

2. Reduce the 'max bars in chart' value. 'Tools->Options->Charts->Max bars in chart' then restart. This will reduce the time spent by the indicators drawing the history when you change the TF. If you for example have 200000 bars in the chart, the expect processing that amount of data to take some time.
  • #7,331
  • Nov 13, 2012 9:14am Nov 13, 2012 9:14am
Quoting idempotent
Yeah, me too, but "decided" that was better than losing the screen real estate to having them separate. I recall your push to have us post with a uniform template, but I thought mine was close enough. Happy to stick to a more conforming one.

In fact, I went looking for it. The template in the zip on page 1 was from 25 July, and as far as I can teill (from a text editor) it only has the M5 (or current) stoch on it. I saw your AU chart from earlier, and it has M5 and M15. I can't seem to make my MTF Stoch look as clear as yours. Would you care...
You can do something like this, pipare charts. Maybe it makes the approval of the boss.
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-11-13_10-09.jpg Size: 173 KB
Look at something long enough, you will eventually get it.
  • #7,332
  • Nov 13, 2012 10:33am Nov 13, 2012 10:33am
Quoting realjumper
There's nothing to clarify.....just read the thread!!

If you are going to categorically state "bad trades outweigh the good trades"......back up your statement with charts please. Otherwise, it's just noise.

You say you have done all this testing....fine.....lets see the evidence please.
Here are the trades for this week based on the following: EU M5
Entry = Gen, EMA, Stoch (I didn't include candle agreement as it would make the results worse)
SL = Prev Swing H/L
Exit = since this is more subjective, I have included the largest TP reached as well as the point value at the time that an opposite signal is given - actual TP should be somewhere between the two values depending on the exit criteria chosen

As you will see, the system always gets the good trades, but does get whipsawed on false break entries. Clearly, many of these trades shouldn't be taken, and most of the time that assessment may be made at the time of entry. I would like to identify the best objective filters to add to the current system such that purely rule-based trading will approach the results of subjective trading.

Format: Time(EST), Long or Short (L/S), Entry Price, SL Price, Point Max, Points @ Rev Signal or SL if applicable
11/11
17:45 L 1.2715 SL 1.2700 Max +36 Rev +5
19:05 S 1.2720 SL 1.2729 +1,-3
20:05 L 1.2723 SL 1.2700 +4,-4
20:50 S 1.2719 SL 1.2729 +2,-5
21:25 L 1.2724 SL 1.2717 +8,+1
11/12
1:25 S 1.2725 SL 1.2729 +0,SL-4
1:35 L 1.2733 SL 1.2717 +5,-8
2:00 S 1.2726 SL 1.2738 +29,+10
3:25 L 1.2717 SL 1.2697 +2,-13
3:55 S 1.2704 SL 1.2738 +1,-12
4:25 L 1.2716 SL 1.2697 +3,-13
5:00 S 1.2703 SL 1.2738 +0,-9
5:30 L 1.2712 SL 1.2697 +16,+1
6:50 S 1.2709 SL 1.2738 +3,-9
7:40 L 1.2718 SL 1.2697 +16,+1
9:10 S 1.2719 SL 1.2734 +10,+7
12:50 L 1.2712 SL 1.2697 +3,0
14:40 S 1.2712 SL 1.2734 +1,-2
15:05 L 1.2714 SL 1.2697 +0,-2
15:35 S 1.2712 SL 1.2734 +39,+29
11/13
00:30 L 1.2684 SL 1.2673 +2,-6
00:55 S 1.2678 SL 1.2734 +0,-7
1:15 L 1.2686 SL 1.2673 +8,-1
3:05 S 1.2685 SL 1.2688 +20,-1
4:10 L 1.2684 SL 1.2665 +6,SL-19
5:05 S 1.2673 SL 1.2688 +7,-9
5:45 L 1.2682 SL 1.2661 +46,+19
7:50 S 1.2701 SL 1.2728 +29,+12
9:45 L 1.2689 SL 1.2672 +30 In Progress
  • #7,333
  • Nov 13, 2012 11:04am Nov 13, 2012 11:04am
Hi,
How many and what currencies are advisable for a beginner with this strategy?, the spreads on most pairs with my broker are below 2 pips (including GBPJPY) and some are well under 1 pip.
So should i go with pairs with the lowest spreads or pairs with higher ATR values? any other considerations?

many thanks
  • #7,334
  • Nov 13, 2012 11:28am Nov 13, 2012 11:28am
1 pair EuroUsd.

Quoting lotusbuddha
Hi,
How many and what currencies are advisable for a beginner with this strategy?, the spreads on most pairs with my broker are below 2 pips (including GBPJPY) and some are well under 1 pip.
So should i go with pairs with the lowest spreads or pairs with higher ATR values? any other considerations?

many thanks
  • #7,335
  • Nov 13, 2012 11:52am Nov 13, 2012 11:52am
Quoting lotusbuddha
Hi,
How many and what currencies are advisable for a beginner with this strategy?, the spreads on most pairs with my broker are below 2 pips (including GBPJPY) and some are well under 1 pip.
So should i go with pairs with the lowest spreads or pairs with higher ATR values? any other considerations?

many thanks
I would strongly suggest to follow one pair until you got enough routine spotting - executing the right setups. Once you get used to it, feel comfortable with the system, you can add an other currency pair or two. Starting with EUR/USD is a good idea as already stated below.
  • #7,336
  • Nov 13, 2012 1:42pm Nov 13, 2012 1:42pm
FXI Pivots question.

 

  1. I only trade the 4 hour chart and so I assume that I need to change the setting "WeeklynotDaily" option to true in the Inputs section of the FXI Pivots properties?
  2. If I set the number of weeks to say, 40 weeks so I can back test 40 weeks into the past, are the pivots shown on the charts still accurate?

Thanks
Dan

Without vision, the people will perish.
  • #7,337
  • Nov 13, 2012 4:55pm Nov 13, 2012 4:55pm
Quoting Barbaresco
Here are the trades for this week based on the following: EU M5
Entry = Gen, EMA, Stoch (I didn't include candle agreement as it would make the results worse)
SL = Prev Swing H/L
Exit = since this is more subjective, I have included the largest TP reached as well as the point value at the time that an opposite signal is given - actual TP should be somewhere between the two values depending on the exit criteria chosen

As you will see, the system always gets the good trades, but does get whipsawed on false break entries. Clearly, many of these...
What part of "show your charts" do you not understand????

Do you really expect anyone to go through this list and try and find what you say on their charts??? Get real!!!

Either produce the charts or be quiet.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,338
  • Nov 13, 2012 4:59pm Nov 13, 2012 4:59pm
Quoting bythepound
FXI Pivots question.

 

  1. I only trade the 4 hour chart and so I assume that I need to change the setting "WeeklynotDaily" option to true in the Inputs section of the FXI Pivots properties?
  2. If I set the number of weeks to say, 40 weeks so I can back test 40 weeks into the past, are the pivots shown on the charts still accurate?

Thanks
Dan

1. If you do that you will get Weekly Pivots, not the Daily pivots

2. I have never tested back that far, but I see no reason why the accuracy would be affected. If the history is available then the calculation done to plot the pivots is very easy for the computer to do.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,339
  • Edited 5:33pm Nov 13, 2012 5:23pm | Edited 5:33pm
Quoting realjumper
Ok.....I'm really struggling to read charts like that, I find the stoch's some of you are using are just a nightmare to read....however: At the time that trade was taken, yes, it did meet the criteria of the system, but as I keep saying, people have to have *some* trading skills to make this work to their best advantage. The PA was in a narrow range when that trade was taken.....it couldn't get above S1, and it had made the daily low previously, and then tested it 4 candles later and bounced right off to S1 again. Where that trade was entered was...
I have to admit that I am really not very good at reading M5 charts. I find it difficult to discern between market noise and reliable S/R.
At the time of this trade, I looked at the M15 chart and read PA as
Downmove
retracement stopped at S1
Lower low with breach of S2
Lower high that once again tests S1 as resistance.
Bearish M15 arrow
M15 stoch turned down
Good M5 stoch

Of course, I was aware of the Daily low and the fact that the signal candle had broken that low but was unable to close below it.
I felt that the pros outweighed the cons. Maybe the fact that I had not seen a viable trade for days clouded my judgement a bit. Trading (or rather staying out of trades) can be sooo boring at times

I was preparing to exit as the following candles had failed to break the high or low of the signal candle. Had a few opportunities to get out either just above or below B/E.
I was busy with my daughter, so SL was hit.
M5 stoch good.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 13 nov.gif Size: 30 KB
Please Do Not PM Me With Coding Enquiries
  • #7,340
  • Nov 13, 2012 5:32pm Nov 13, 2012 5:32pm
Quoting Gumrai
I have to admit that I am really not very good at reading M5 charts. I find it difficult to discern between market noise and reliable S/R.
At the time of this trade, I looked at the M15 chart and read PA as
Downmove
retracement stopped at S1
Lower low with breach of S2
Lower high that once again tests S12 as resistance.
Bearish M15 arrow
M15 stoch turned down

Of course, I was aware of the Daily low and the fact that the signal candle had broken that low but was unable to close below it.
I felt that the pros outweighed the cons. Maybe the fact that...
The Frankie and early part of London sessions were difficult to trade, there's no denying that....I showed at the time that I too had my SL hit in the AU trade, but I recovered in the later PA.

You are exactly correct about the M5 charts.....that is the precise reason that I use HA candles....they smooth out much of the noise. Also, that is the reason I want to see clean charts, not charts cluttered with all sorts of extra stuff!! If you find that working off the M15 or any other TF works better for you, then go ahead, use those TF's that you prefer.
Doing what you like is Freedom. Liking what you do is Happiness.
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