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Genesis Matrix Trading

  • #7,981
  • Edited Dec 3, 2012 12:29am Dec 2, 2012 11:47pm | Edited Dec 3, 2012 12:29am
I haven't attached a chart, however, I have entered a short on AU with a target of 1.0378.
Risking 10 pips for better than 30 pips.

Updated: Chart attached now... looking to move to b/e

Attached Image (click to enlarge)
Click to Enlarge Name: AU trade 1.JPG Size: 74 KB
  • #7,982
  • Dec 2, 2012 11:52pm Dec 2, 2012 11:52pm
Quoting bryce
RJ,

I had a demo account with FXCM and gave up using it a long time ago as placing trades was near impossible and yes there were plenty of lags.

Not with standing this, I am using FXCM live and the issues have never been the same as the demo.

I haven't used a demo for years, so I'm not the best person to advise on this.

Bryce
I use FXCM Tradestation for trading, but MT4 for charting.....it's been fine for several years until today!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,983
  • Dec 3, 2012 12:35am Dec 3, 2012 12:35am
Quoting realjumper
As you probably know. I use FXCM Demo MT4 for charting.......I'm going to have to try another broker because this is now becoming a major issue. Any recommend a non expiring MT4 demo broker please?
RJ,

try to have a look at this broker.
http://www.learntotradethemarket.com...o-account.html

They use NY close chart without Sunday candle but I don't know if the demo account is going to expire.

ciao

wiz
You control how you trade; the market controls how and when you'll get paid
  • #7,984
  • Dec 3, 2012 12:38am Dec 3, 2012 12:38am
As you probably know. I use FXCM Demo MT4 for charting.......I'm going to have to try another broker because this is now becoming a major issue. Any recommend a non expiring MT4 demo broker please?

RJ,

If I may suggest Alpari (UK), their demo feed is good and it hasn't got the Sunday candles.

Pete
  • #7,985
  • Dec 3, 2012 1:14am Dec 3, 2012 1:14am
Hi RJ

My charts in terms of PA, stochs and candles are pretty much the same as Bryce's (and very different from yours). But I have a few boxes here and there on the matrix that is different than Bryce's. Would not have mattered for today, because the difference wasn't where they lined up for an entry, but still.

With regards to Alpari (UK) - I use their live account now having used their demo account previously. Recall that I had price freezes on the demo account for up to 15min on NFP and major releases.

I've changed to Alpari (UK) live, but I did not have to put money into the account And no freezes so far. Perhaps that's one to try, given you're trading via Tradestation.
  • #7,986
  • Dec 3, 2012 1:14am Dec 3, 2012 1:14am
Thanks everyone.....I'm back up and running again now.....I hope!! The problem was some sort of corruption at my end. I haven't had time to fully sort it out, but I have done a quick re-install of MT4 onto a different partition and that seems to be running ok for the time being. Hopefully it will be stable for now, and then I can sort out other brokers tomorrow if need be.

Thanks everyone
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,987
  • Dec 3, 2012 1:39am Dec 3, 2012 1:39am
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...
Thanks for the great bit of work you have done here Oli and for sharing it.
  • #7,988
  • Dec 3, 2012 3:29am Dec 3, 2012 3:29am
Attached Image (click to enlarge)
Click to Enlarge Name: UF.png Size: 25 KB

I took this trade on UsdChf, good stochastic, higher low, It tested the S1 but couldn't get trough.
Closed the trade -7 pips, failed to make a higher high, new genesis signal came at the same time it broke below the S1 level.

Should that stong down move in Asian session have kept me out of it?
  • #7,989
  • Dec 3, 2012 3:30am Dec 3, 2012 3:30am
Quoting pete123
As you probably know. I use FXCM Demo MT4 for charting.......I'm going to have to try another broker because this is now becoming a major issue. Any recommend a non expiring MT4 demo broker please?

RJ,

If I may suggest Alpari (UK), their demo feed is good and it hasn't got the Sunday candles.

Pete
You're suggesting well Pete
On the subject of differing Stochastic (I know that there are now zillions of versions floating around), please make sure that:
.MA Method is set to 0 or Simple
.MA PriceField is set to 0 or Low/High
.Fixed Minimum & Maximum are set to 0 & 100 respectively (in the 'Common' tab)
The last one is sometimes forgotten....
Also during very quiet time in the Oz/Kiwi/Tokyo session, when price is really not moving, it is normal to have a different matrix because of the slightly different prices: very little movement ---> matrix indicators will gravitate towards their median levels (generally the 0 level) ---> it doesn't take much for one to go to +0.01 and give a white square (up) with one broker and one to go to -0.01 for a red square (down) with a different broker. Think of it as a very flat MACD line hovering near 0 and it can easily flip from up to down with each candle and I believe that in this instance, brokers' difference is enough.
  • #7,990
  • Dec 3, 2012 3:36am Dec 3, 2012 3:36am
Quoting profitpips
Attachment
I took this trade on UsdChf, good stochastic, higher low, It tested the S1 but couldn't get trough.
Closed the trade -7 pips, failed to make a higher high, new genesis signal came at the same time it broke below the S1 level.

Should that stong down move in Asian session have kept me out of it?
If you do a quick check of the M15 chart before pulling the trigger you might see a different picture
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,991
  • Dec 3, 2012 3:49am Dec 3, 2012 3:49am
Quoting realjumper
If you do a quick check of the M15 chart before pulling the trigger you might see a different picture
So the answer to my question is yes
Quote
Should that strong down move in Asian session have kept me out of it?
  • #7,992
  • Dec 3, 2012 3:55am Dec 3, 2012 3:55am
Quoting profitpips
So the answer to my question is yes
Something else to bear in mind when trading the U/C is it's strong correlation with E/U.

If you looked at the corresponding E/U short that was generated at the same time as your U/C long, you will see the E/U was approaching R1.

In order for you long U/C trade to work out depended totally on the E/U breaking R1, which, unfortunately, it didn't.
A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
  • #7,993
  • Dec 3, 2012 4:00am Dec 3, 2012 4:00am
Quoting scarlet pipe
Something else to bear in mind when trading the U/C is it's strong correlation with E/U.

If you looked at the corresponding E/U short that was generated at the same time as your U/C long, you will see the E/U was approaching R1.

In order for you long U/C trade to work out depended totally on the E/U breaking R1, which, unfortunately, it didn't.
Yup.....good point
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,994
  • Dec 3, 2012 4:05am Dec 3, 2012 4:05am
Yes that's a good point, I need to remember it next time
  • #7,995
  • Dec 3, 2012 4:38am Dec 3, 2012 4:38am
Just before Red horizontal line(Lfl_ATRprojection) +27 pips I closed position. The same action CHFJPY +21 I closed.
Attached Image (click to enlarge)
Click to Enlarge Name: gj03122012.jpg Size: 141 KB
  • #7,996
  • Dec 3, 2012 4:42am Dec 3, 2012 4:42am
It has taken a while, however, GU has returned me 27 pips

EU has been a bit stagnant, not playing the game

AU short earlier in the day +1
  • #7,997
  • Dec 3, 2012 4:42am Dec 3, 2012 4:42am
Quoting ozgsnr
Just before Red horizontal line(Lfl_ATRprojection) +27 pips I closed position. The same action CHFJPY +21 I closed.
Perfect
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,998
  • Dec 3, 2012 4:49am Dec 3, 2012 4:49am
Quoting ozgsnr
Just before Red horizontal line(Lfl_ATRprojection) +27 pips I closed position. The same action CHFJPY +21 I closed.
Congrats with your trades and 8000th post in this thread
  • #7,999
  • Dec 3, 2012 4:52am Dec 3, 2012 4:52am
Quoting realjumper
Perfect
You to appreciate me
better feeling than win trade.
  • #8,000
  • Dec 3, 2012 4:58am Dec 3, 2012 4:58am
Quoting perryfx
Hi RJ and others,

I am really new to FF. But I think this is one of the best systems in FF. Actually this is really suitable for my trading personality. Thank you RJ for this system. I read previous posts and have a good knowledge on how to trade with this system. I will post my trades on daily basis and I am expecting your comments to improve my skills. Thanks
Welcome abroad perry. Hope you will have a good times here and good luck with your trading
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