Genesis Matrix Trading | Page 398 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Additional Indicators for the Genesis Matrix Trading System 683 replies

Genesis Matrix Trading indicator 20 replies

Is there an EA about Genesis Matrix Trading? 2 replies

Genesis Matrix Journal 5 replies

Genesis Matrix Trading for Jforex 13 replies

Attachments: Genesis Matrix Trading
Exit Attachments

Genesis Matrix Trading

  • #7,941
  • Nov 30, 2012 5:00am Nov 30, 2012 5:00am
I'm back from a weeks sabbatical.

I see a few things have happened with my biggest smile due to the implosion of one Gumrai.
I suppose I shouldn't smile as we all take ourselves a bit serious at times. It's at these times we need to reflect on the learning's and to then move forward once again.

RJ you had me worried for a moment that you were going to abscond due to the momentary lapses of one trader. I know these things build up, however, we fully support you and like having you around

On to the serious stuff. I took two trades today on the EA pair for a total of 55 pips. Not bad considering there is only a 54 pip hi to low. Doesn't happen real often.
The Yens have added to the coffers with a total of 152 pips bagged for the day.

Note to self, go on hols more often.
  • #7,942
  • Nov 30, 2012 5:04am Nov 30, 2012 5:04am
Quoting bryce
I'm back from a weeks sabbatical.

I see a few things have happened with my biggest smile due to the implosion of one Gumrai.
I suppose I shouldn't smile as we all take ourselves a bit serious at times. It's at these times we need to reflect on the learning's and to then move forward once again.

RJ you had me worried for a moment that you were going to abscond due to the momentary lapses of one trader. I know these things build up, however, we fully support you and like having you around

On to the serious stuff. I took two trades today...
Well done bryce....and thanks for the nice words.

Sometimes when you get 'out of sync' with the market, taking a day or two off and not even turning on the computer is the best thing you can do.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,943
  • Nov 30, 2012 6:11am Nov 30, 2012 6:11am
Quoting realjumper
Interesting?
Hi RJ

Could you please have a look at my chart I had alook at your posted chart and mine does not seem to be similar to yours could you shed some light.

Tx
Attached Image (click to enlarge)
Click to Enlarge Name: Chart.PNG Size: 50 KB
  • #7,944
  • Nov 30, 2012 6:18am Nov 30, 2012 6:18am
Quoting jono717
Hi RJ

Could you please have a look at my chart I had alook at your posted chart and mine does not seem to be similar to yours could you shed some light.

Tx
Well it IS similar, just not exactly the same. The candle difference must be the broker.....I can't see any other reason for it. The stoch is almost the same....here are the settings from that chart. Essentially you're still getting the same information that I was trying to show.......
Attached Image
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,945
  • Nov 30, 2012 6:36am Nov 30, 2012 6:36am
Quoting realjumper
Well it IS similar, just not exactly the same. The candle difference must be the broker.....I can't see any other reason for it. The stoch is almost the same....here are the settings from that chart. Essentially you're still getting the same information that I was trying to show.......
Thanks my settings seem to the same then that alright must be broker related then.
  • #7,946
  • Nov 30, 2012 6:41am Nov 30, 2012 6:41am
Quoting jono717
Thanks my settings seem to the same then that alright must be broker related then.
Yes must be.....the difference is subtle and the almost perfect triple top which I was showing is still the same. I guess every broker with their different feeds and offsets etc are always going to differ....it's a damn shame and it really annoys me, but there will never be an standard that they will all stick to......that would be too easy!!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,947
  • Nov 30, 2012 6:56am Nov 30, 2012 6:56am
Quoting olivierforex
Hi COiSmanFX,
That's the best I have: it's not quite the same as you can only get 3 extra TFs but it's better than nothing if that's what you're looking for; have a look in the 'input' tab for options about position and the other TFs that you can display.
Dear Oli, please i dont know if you can say something about trading this stategy with binary options. What expiation time would you suggest?
  • #7,948
  • Nov 30, 2012 6:59am Nov 30, 2012 6:59am
RJ, Jono:
On top of the slight variations in the Stox due to possible brokers' prices (I'm surprised as the higher the TF we go, we should see fewer discrepancies), you 2 also have a huge amount of differences within the Matrix itself on all 4 variables (TVI/CCI/T3/GHL) !
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 32 KB
  • #7,949
  • Nov 30, 2012 7:01am Nov 30, 2012 7:01am
Quoting olivierforex
RJ, Jono:
On top of the slight variations in the Stox due to possible brokers' prices (I'm surprised as the higher the TF we go, we should see fewer discrepancies), you 2 also have a huge amount of differences within the Matrix itself on all 4 variables (TVI/CCI/T3/GHL) !
Yes you're right.....good observation. Something strange going there for certain
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,950
  • Nov 30, 2012 7:08am Nov 30, 2012 7:08am
I am trying to trade it on options with 50 mins to 1hr expiration time. With looks of things i think it will work because of the level of accuracy this system has. Thanks to all the great ppeople who made this possible.
  • #7,951
  • Nov 30, 2012 7:37am Nov 30, 2012 7:37am
Pips are coming at last.....it's been a long wait but Genesis picked the direction of the news on each of the pairs I follow.....nice bit of cash to end the week
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,952
  • Nov 30, 2012 7:43am Nov 30, 2012 7:43am
Red vertical line is my countertrend short entry. I understand my mistake, i should look for longs in the morning.
Has the situation changed since then? I mean is it safe (high probability trade) to look shorts in the area marked with blue square? I see LH, thats why i am asking.
Attached Image (click to enlarge)
Click to Enlarge Name: eu qq.gif Size: 26 KB
  • #7,953
  • Nov 30, 2012 7:51am Nov 30, 2012 7:51am
Quoting iwan73
Red vertical line is my countertrend short entry. I understand my mistake, i should look for longs in the morning.
Has the situation changed since then? I mean is it safe (high probability trade) to look shorts in the area marked with blue square? I see LH, thats why i am asking.
Yes...it is

You saw that H4 chart I posted before.....it shows how strong this 1.3000 resistance line is. The PA has tried hard to break though just after Frankie open, but failed. Yes it did get above the line, but it got pushed back. The PA tried again about half an hour ago and got pushed back yet again. After that last rejection, everything lined up for a short entry with with a better than 1:1 r/r assuming the Daily Pivot is the target.....which it hit.

Whether the PA will rise from the DP and have another crack at 1.3000 is another question.....and is why the DP is/was my target and I'm not holding out for a larger short at the moment.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,954
  • Nov 30, 2012 8:28am Nov 30, 2012 8:28am
Hi,

I,m new here but Genesis Matrix looks for me very well.I try to set in my MT4 Genesis Arrows.But all squares are blue.Could You show any instruction to set Genesis Arrows?Thanks!!!
  • #7,955
  • Nov 30, 2012 8:32am Nov 30, 2012 8:32am
Quoting Parr
Hi,

I,m new here but Genesis Matrix looks for me very well.I try to set in my MT4 Genesis Arrows.But all squares are blue.Could You show any instruction to set Genesis Arrows?Thanks!!!
Did you read post #1?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,956
  • Nov 30, 2012 8:54am Nov 30, 2012 8:54am
Quoting iwan73
Red vertical line is my countertrend short entry. I understand my mistake, i should look for longs in the morning.
Has the situation changed since then? I mean is it safe (high probability trade) to look shorts in the area marked with blue square? I see LH, thats why i am asking.
In my opinion a counter-trend trade itself is not a mistake, but carries an additional risk. A strong level might worth a shot even if it is against the bigger picture trend. Although I think when you have a strong trend (like the euroyen) where you have a pull back on hft, you will have a potential counter-trend trade turning out to be a continuation of the HTF trend. Of course playing along with the trend is a lot better option, but for starting traders its much harder to participate for some reason (myself included )
  • #7,957
  • Dec 1, 2012 9:52pm Dec 1, 2012 9:52pm
Quoting olivierforex
This is an outline on how you can setup a strategy on any FX pairs/instruments using Genesis and how my train of thoughts went (yours might/will be different) in designing it.


[font=Times New Roman]1) [size=3]EU H4 chart with basic Genesis template: I picked H4 because it’s the other end of M5/M15 trading and you can fit a full month worth of trades on 1 chart + it might be helpful to those who can’t spend all their time in front of their computer. Also, with any good system, the...
Nicely done Oli.....thank you
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,958
  • Edited 11:08am Dec 2, 2012 6:16am | Edited 11:08am
This is an outline on how you can setup a strategy on any FX pairs/instruments using Genesis and how my train of thoughts went (yours might/will be different) in designing it.

1) EU H4 chart with basic Genesis template: I picked H4 because it’s the other end of M5/M15 trading and you can fit a full month worth of trades on 1 chart + it might be helpful to those who can’t spend all their time in front of their computer. Also, with any good system, the longer TFs should give more reliable signals and allow for less discretionary trading, which might be welcome by some.

2) Quickly I saw that most signals from the Matrix would have given some pips: this is obviously the basic of what to look for in any strategy (a lot more winners than losers) and it was not a surprise, it’s Genesis after all! These good entries are the yellow lines: the first one is when the Genesis matrix gave a signal and the 2nd one is the candle when the entry actually took place (see point 5) for full entries criteria/reasons).

3) But there were 3 trades (green lines) that instantly looked bad (the market turned the other way straight after the signals).

4) I looked if any of the other Genesis indicators (Stox H4 & HTF Daily, HA candles, Arrow, MA…) could be a good filter to stop entering these trades and the answer was no so I removed them: if something doesn’t help on a chart, then it’s a hindrance and I remove it so it doesn’t take any of my attention away (+ these other Genesis indicators were mainly designed for the small TFs).

5) I then looked at basic PA and realised that on those 3 bad trades/signals, the market only marginally made a new high/low once and only by 2 pips à I had found my filter: don’t enter at the end of that H4 signal candle, but only enter on any of the following candles when the price makes a new high/low by 4 pips (I could have picked 3 really but an extra pip or 2 doesn’t hurt).

6) Then comes the time when I go into more details about all the trades using stats/math: numbers are more reliable than 'I think' or 'in my view' or ... I want to know for each trades how much the market goes against me before showing me a profit (Drawdown) and what is the maximum that the market will ‘show’ me for each trade (Best). This relationship between the 2 will help me decide what leverage to use in my trades (there’s no point trading with 10 lots if the statistics tells you that on each trades you’re likely to have a 50 pips Drawdown lol).

7) Drawdown will tell me what sort of SL I’ll need in future trades: on 7 out of 8 trades, it is between -17 & -32 and that is a nice ‘grouping’: it shows me that there is some good consistency in the signals and that a SL around -35 should take care of nearly 90% (7/8) of the trades. There was 1 drawdown of -47 also so what should one do because you can’t just ignore the result that aren’t good? Increase the SL to -50 on all trades or keep it at -35 and risk 1 losing trade for every 8? The temptation is to go for -50 because the stats says then that you would not have a losing trade but these are only stats and we must remember that there is no such thing as 100% certainty in trading. Over 8 trades we would be risking -400 pips (as opposed to 280 pips) and that is too much because the 120 extra pips risked would cover nearly another 4 extra trades. The math says to stick with -35.

8) Best will tell me where to set my TPs: here we have 3 groups 29/38/42 & 64/69/81 & 157/170. Clearly you need multiple lots (or multiple minilots) to trade this in the best possible statistical way: 1 TP @ 25, 1 TP @ 60 & the last @140/5. Taking all your profits in one go around 25 would barely give you a RRR of 1 and that is a bit low especially on a high TF like H4. All 3 TPs are a few pips short of the lower number in each groupings to trade conservatively and not greedily and make sue that those TPs are actually hit.

9) It will be important to carry on updating the lists of Drawdown & Best because markets are rarely stagnant and if volatility increase/decrease the SLs & TPs might need to be adjusted.

There you have it: I know that we have many traders in the background that don’t participate much so here is your chance to add your little bit to Genesis and give something back. I'm always surprised at how few traders are in here at the weekend because a lot of the better & more productive work is done then when there are no open markets to distract you.

So ... find a pair that you like or that you trade, get the trade statistics in a similar format and hopefully the numbers will be such (they might not be – maybe H4 EU was lucky but I honestly don’t think so) so that you can devise your own strategy, submit it in the thread, get it discussed and help other traders along.

Also feel free to ask any question about the above if I have not been clear enough. Remember this is just a start but I feel you could trade quite well out of it as it is but improvements can come from:
.using the Weekly (not Daily) Pivots as help to TPs because these trades can last for a few days
.better entry points by using a lower TF to pin point entries after the H4 signal
.rather than using 'Best' you can make a note of intermediate TPs for each trades and have a different set of numbers to devise your exit strategy.
….
All the best.

Edit: it was pointed out to me that the Drawdown in the first trade was in fact -32 and not -21 as originally stated. This was because the HA candles were doing their usual best in sometimes hiding the real tops & bottoms so I have removed them too, in the process discovering another error in the drawdown from the 19.11 trade (increased from -21 to -27). Paragrap 7) has been updated accordingly and so have both attachments.

Edit2: I had to delete my original post and post it again with the updated attachments and this is why RJ's post is now before mine (I swear that this is the real reason and it's not because RJ can see in the future - he can't - I think lol).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Untitled2.jpg Size: 108 KB
Click to Enlarge Name: Untitled3.jpg Size: 35 KB
  • #7,959
  • Dec 2, 2012 7:01am Dec 2, 2012 7:01am
Awesome work, thanks you very much.
  • #7,960
  • Dec 2, 2012 9:13am Dec 2, 2012 9:13am
My best work for the weekend is to note we're getting close to BRN posts again, the BIG 8!!!
9 traders viewing now