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Genesis Matrix Trading

  • #8,541
  • Jan 11, 2013 8:10am Jan 11, 2013 8:10am
Quoting wiz3003
I appreciate thx artem. Eventually I can correct or rephrase some words.


Quoting wiz3003
Everything can happen ... but fortunately we don't need to know the future to make money

Have a great week end
Golden words!!! Develop a plan, minimize emotions and always stick to the plan - thats all we need to achieve our goals.

Have a nice weekend too, Wiz!
Let's go with the flow
  • #8,542
  • Jan 11, 2013 8:15am Jan 11, 2013 8:15am
Hello !
so many beauty signals in main trend direction today on EA, EJ, GJ ---> hope someone grab them !!!

have nice weekend !!!
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"Trading require mental flexibility far beyond the scope of most people"
  • #8,543
  • Jan 11, 2013 9:02am Jan 11, 2013 9:02am
Quoting artem_t
I'm not an Italian, but I will try to translate it on weekends
Thanks a lot Artem
  • #8,544
  • Jan 11, 2013 9:58am Jan 11, 2013 9:58am
Great trading today (actually great week) !!

Hope everyone has a great weekend

2013 is already living up to expectations
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #8,545
  • Jan 11, 2013 10:04am Jan 11, 2013 10:04am
Quoting Jamz
Yes, I'm here but I can't believe how I stuffed up those 200 pips which look so easy today! Good on you Wiz, it is a little quieter tonight. I'm not sure if knowing I stuffed up is a contribution or not but it may show that what looks easy pickings isn't easy for some. Added to learning curve......
Hello, Jamz!

That is what I was exactly thinking yesterday, after London close. But when I took a look on chart again and made a little "backtesting", I realized that all I had to do to make good green pips is just follow the rules - nothing more..
Let's take a look on yesterday eurusd chart. I've marked all possible entries by vertical blue lines. So, below is what we have (times in GMT):

1. 6.05 am. Buy signal. For me it's perfect signal - both stoch pointed up from OS zone, little stop (about 12 pips, if we would place it below DS1 pivot, or just 8 pips if we would place it below previous low). But it was too early - one hour before Frankfurt open. So we don't take this trade.
2. 7.30 am. Buy signal. m5 stoch has been in OB just before, m15 stoch is still liying there. Signal candle closed right below Daily pivot, so no trade.
3. 8.30 am. Sell signal. Both stoch were in perfect positions. Candle closed below Daily pivot. Arrow appeared at the same time. One thing that would forced to doubt is that the price was going up since pre-Frankfurt open. I would be waiting for LH in that situation, which price did - it was actually just a very little wave, but let's say that we judge it as LH and take the trade. I would place SL above previous high + 2 pips for about 14 pips.
4. 9.05 am. We see buy signal, but m15 stoch is still going down from OB. So I would not do anything and keep waiting.
5. 9.30 am. Ok, now m15 stoch started to point up, m5 stoch is not in perfect position, but it didn't visit OB zone and crossed in a right way. Candle closed above DP, so for me it's enough to reverse at that point. I would close my previous short position with -10 pips loss and open long. Stop loss below previous low for about 16 pips.

Starting from this point we would have two possible scenarios:
1) we would take a profit at DR1 (23 pips) or at RN (1,31 - 30 pips) and when the trade is closed - waiting for another opportunities;
2) we would move our SL at BE and let the trade run.

Imagine, that we chose first, closed position at DR1 for 23 pips and started waiting for any other signals:
6. 12.10 pm. Sell signal. Stoch m5 is ok, but stoch m15 is still in OB zone. R1 pivot is only 5 pips below, so no trade.
7. 12.45 pm. Buy signal. Stoch m5 is good, but stoch m15 is going down from OB zone. No trade.
8. 13.40 pm. Buy signal. Both stoch pointed up, but already in OB region. Signal candle closed just below R3 (5-7 pips). Stop loss would be very big (about 50 pips), so no trade.
9. 15.20 pm. Buy signal. Stoch m15 still lying in OB zone, stop loss is big enough (35 pips), and the price has already gone around 160 pips since FO, so it's not a good trade anyway.

So, my conclusion is: in worst scenario we would took 23-10=13 pips. Not too much, of course, but pips are pips )) Only thing I can say that we don't have anything we need to worry about ))
And I'm sure that we would choose better scenario №2, which would bring absolutely another result ))

Of course, you are right, that when we see the picture after it's finished - it seems easier. But in my analyses I tried to be objective as much as possible )

As for me, I decided to trade right on this way - follow the rules and my personal plan, keep it as simple as possible and don't complicate anything..

Have a nice weekend to all!!!
Attached Image (click to enlarge)
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Let's go with the flow
  • #8,546
  • Jan 11, 2013 11:46am Jan 11, 2013 11:46am
Quoting Martyfish
Great trading today (actually great week) !!

Hope everyone has a great weekend

2013 is already living up to expectations
We are on the same page have a great week end Marty
You control how you trade; the market controls how and when you'll get paid
  • #8,547
  • Jan 11, 2013 12:04pm Jan 11, 2013 12:04pm
Quoting artem_t
Hello, Jamz!


Imagine, that we chose first, closed position at DR1 for 23 pips and started waiting for any other signals:
6. 12.10 pm. Sell signal. Stoch m5 is ok, but stoch m15 is still in OB zone. R1 pivot is only 5 pips below, so no trade.
7. 12.45 pm. Buy signal. Stoch m5 is good, but stoch m15 is going down from OB zone. No trade.
8. 13.40 pm. Buy signal. Both stoch pointed up, but already in OB region. Signal candle closed just below R3 (5-7 pips). Stop loss would be very big (about 50 pips),...
OK artem,
my 2 cent concerning stoch indi.
As RJ already said tons of times trader has to interpret this tool and this is not just an oversold or bought indicator.
When we have a strong trend in place it is right to have the stochastic in the overextended area (if you study the stoch formula this is clear) and a possible tactics is just to enter according to the lower TF stoch signal (in our case combined with genesis matrix).
So what to do? Personally I like let the PA rules (it is the king) and if the trend is strong (long bars in one direction and small in the opposite way or strong MA5 slope) I don't care much about the M15 stoch position unless I see a divergence , we are close to pivots, S/R or price already run a lot of miles.
Obviously not always it is simple to re-enter in a trend and personally I prefer to be first to take the train if I can.

ciao

wiz
You control how you trade; the market controls how and when you'll get paid
  • #8,548
  • Jan 11, 2013 12:45pm Jan 11, 2013 12:45pm
Quoting wiz3003
OK artem,
my 2 cent concerning stoch indi.
As RJ already said tons of times trader has to interpret this tool and this is not just an oversold or bought indicator.
When we have a strong trend in place it is right to have the stochastic in the overextended area (if you study the stoch formula this is clear) and a possible tactics is just to enter according to the lower TF stoch signal (in our case combined with genesis matrix).
So what to do? Personally I like let the PA rules (it is the king) and if the trend is strong (long bars in one direction...
Yes, I have read many RJ's and other contributor's posts about stochastic and the ways of using it. Also, I have been using stoch a lot of time before and I understand how it works. What you said is absolutely correct. But, returning to my post, I didn' mean that these trades couldn't and shouldn't be taken by someone just because of stoch - I just tried to explain how I see it. These trades were not perfect for me - RJ has been talking many times about "best" and "not the best" signals as well as about the different ways how to read a stoch.
Anyway, as you can see, even if I would skip these trades, one trade would have been taken, so I wouldn't miss that train in that case. Of course, in another situation it may be a very different story ;-)
Let's go with the flow
  • #8,549
  • Jan 11, 2013 1:04pm Jan 11, 2013 1:04pm
Quoting artem_t
Yes, I have read many RJ's and other contributor's posts about stochastic and the ways of using it. Also, I have been using stoch a lot of time before and I understand how it works. What you said is absolutely correct. But, returning to my post, I didn' mean that these trades couldn't and shouldn't be taken by someone just because of stoch - I just tried to explain how I see it. These trades were not perfect for me - RJ has been talking many times about "best" and "not the best" signals as well as about the different ways how to read a stoch....
You control how you trade; the market controls how and when you'll get paid
  • #8,550
  • Jan 11, 2013 2:54pm Jan 11, 2013 2:54pm
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting artem_t
Hello, Jamz!

That is what I was exactly thinking yesterday, after London close. But when I took a look on chart again and made a little "backtesting", I realized that all I had to do to make good green pips is just follow the rules - nothing more..
Let's take a look on yesterday eurusd chart. I've marked all possible entries by vertical blue lines. So, below is what we have (times in GMT):
Thanks for your insights Artem, I believe I entered a sell eurjpy S.O, then changed to buy(S.O.at B.E.), then put a sell on eurusd S.O. by which time emotions put me off trading for the rest of my life! Well, not quite. Sorry not to be more specific but from Frankfurt open. It is challenging though when it is going into the evening, you have other pressures like "so and so is visiting 2moro so you must be fresh" etc, etc. I must go public with my friends and family one day and then set my hours like RJ to:"I am available at these times" just to make my trading easier. Here in NZ, London open is 9:00pm.
Thanks too Wiz, if you have anything in Spanish I will give it a try!
  • #8,551
  • Jan 11, 2013 10:16pm Jan 11, 2013 10:16pm
Hi peeps~

I've been following this thread since it was started and have gone through all the posts (bar my poor memory), and I must admit it is the most amazing system I have seen and followed before. It has been a couple of busy months..and finally I have the time to join in the discussions in this thread! Anyways..thanks to all (you know who you are ) those who developed and shared this system for free, so that we may rob some pips from the market!

Below are two trades that I have taken yesterday, one a loss and one a winner. Trades taken on demo, hope to go real soon

GU M5 buy:
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went in on the buy on a double bottom supported by the DP..price consolidation around the DP for more than an hour before PA moved up! SL 18 pips, TS 15pips as red news was coming..dont wanna give up pips earned so easily 37 green pips here

AJ M5 sell:
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intraday trend was down..price closed and re-opened below the consolidation zone that I've drawn, hence took the sell signal but was stopped out for 22 pips.. should have taken the long right after though, perfect genesis signal!

All comments welcome

I have a day-job and trading the M5 is really a chore..hence will only take it if I have the time and if it is a good signal. Am more interested to see if the H4 works out well as it suits my lifestyle better

I have a H4 EN buy open still, keeping it over the weekend to see if it the bulls have more power to go higher Don't know if I'm allowed to post H4 trades taken as it is not the conventional genesis trades, am testing wiz's H4 strategy and modifying the trading plan to suit a particular pair. Am following EURNZD and EURJYP at the mo. planning to test a couple more pairs.

HAPPY WEEKEND everyone!
  • #8,552
  • Jan 12, 2013 5:29am Jan 12, 2013 5:29am
Quoting dudele2
Re 4 hr system, took the time to do some backtesting, twicked some things...
3--take full profit at 45 pips,reason is that partial profit is good,but full loss
ain't that good, so the RR works better with taking your full profit and run
4--after 20 pips in profit move your SL to B/E plus spread, great great filter
backtested 3 currencies from august and 4th still working on it
Hi Dudele & a belated "all the best to everyone for 2013".
Thanks for that & for the attachment in your next post. I'll look more closely at the 45 pips TP and I still need to correct the exact SL for all trades by looking at the lower TFs and while I'm there I'll also look at your 20 pips ---> move SL to B/E (I've just been a bit lazy recently lol)
  • #8,553
  • Jan 12, 2013 5:54am Jan 12, 2013 5:54am
Quoting sandrutza
Re: Genesis system on the H4
I have been looking at the H4 charts on other pairs as well. Pairs that trend most of the time seem to do well on H4, such as EURJPY and EURAUD. Most of the time CCI14 and CCI20 change color on the same candle, but on a few occasions CCI20 is late by one candle to have better entry on H4 (with CCI14).
I have also played around with Stoch settings for H4 and 14,4,6 seems quite good. The places where the stoch comes from the overbought or the oversold match well the genesis signals.
Hi Sandrutza,
Thanks for your work. It seems to be the case that on the higher TFs, the CCI component of Genesis is a bit slow on its 20 setting and a lower one would work better (I found that 17 was better on Gold for example). It's not surprising as it was designed primarely for the lower TFs where a higher number will weed out a lot of the false entries as you rightly mentioned too. I am reluctant though to start experimenting with different Stox parameters because ... where do you stop changing the settings? There is always another set of numbers that can be tried and it's easy to go from 'testing' to 'curve-fitting'. Cheers nonetheless for your input re the CCI
  • #8,554
  • Jan 12, 2013 5:57am Jan 12, 2013 5:57am
Quoting nikz
I'm posting my H4 analysis based on Oli's suggestions. Wanted to post with charts for each month, with signal and entry lines, but my MT platform modified all my lines for unknown reason. In excel document, just for practice, I've tested "strategy" which was based on entry signal +/- 5 pips from high/low of the signal candle, BE on +20, and exit when is at least one genesis signal (dot) of opposite color formed. Turns out to be quite bad strategy Anyway, wanted to share with others.
Thanks for that Nikz. Some more stuff to keep me busy looking at in the first month of 2013 lol
  • #8,555
  • Jan 12, 2013 6:05am Jan 12, 2013 6:05am
Quoting Martyfish
Rumours of a French sovereign downgrade ????
Considering how bad things are in my 'home' country, "we" are surely due a downgrade but I wonder if the rating agencies will dare do it because France is not Greece (much bigger economy) and if France goes ... the whole EU setup will likely implode as there is definitely not enough money to bail it out (although it could be argue that with the current money printing fraud, there will always be enough of it lol)
  • #8,556
  • Jan 12, 2013 6:53am Jan 12, 2013 6:53am
Btw. i started entering my trades, adjusting SL TP over MT4 just 1 Month ago. (Till then ive done it over Oanda FX Trade..)

Now, positively expressed, its a pain in... How do you guys do it?

Someone uses Easy Order ? Really nice cool little helper..
How to opt out annoying user signatures ??
  • #8,557
  • Jan 12, 2013 12:06pm Jan 12, 2013 12:06pm
Quoting Toranaga
Btw. i started entering my trades, adjusting SL TP over MT4 just 1 Month ago. (Till then ive done it over Oanda FX Trade..)

Now, positively expressed, its a pain in... How do you guys do it?

Someone uses Easy Order ? Really nice cool little helper..
MT4 can be a pain for moving SLs and TPs, however somewhere along the way I picked up these two scripts (attached) that make it so much easier. Once you install the scripts, just drag the script named "ASL Set-Move" onto your chart where you want the Stoploss to be placed and it takes care of it. Same for using "ATP Set-Move" for placing the Take Profit level. I use them both all the time for adjusting my trades.

By the way, those are scripts, so place the files in your experts\scripts folder. Be sure to test them in Demo before using them for real.
Attached File(s)
File Type: ex4 ASL Set-Move.ex4   2 KB | 523 downloads
File Type: mq4 ASL Set-Move.mq4   1 KB | 540 downloads
File Type: ex4 ATP Set-Move.ex4   2 KB | 460 downloads
File Type: mq4 ATP Set-Move.mq4   1 KB | 505 downloads
  • #8,558
  • Jan 12, 2013 1:59pm Jan 12, 2013 1:59pm
Hi Oli,
Good to see you back...happy 2013.
You control how you trade; the market controls how and when you'll get paid
  • #8,559
  • Jan 12, 2013 11:19pm Jan 12, 2013 11:19pm
Quoting Toranaga
Btw. i started entering my trades, adjusting SL TP over MT4 just 1 Month ago. (Till then ive done it over Oanda FX Trade..)

Now, positively expressed, its a pain in... How do you guys do it?

Someone uses Easy Order ? Really nice cool little helper..
You might like to run a search on luktom visual order editor 1.6.1; its a pretty simple but fitting tool, perhaps it might be more nimble than scripts...
  • #8,560
  • Jan 12, 2013 11:37pm Jan 12, 2013 11:37pm
Quoting olivierforex
Thanks for that Nikz. Some more stuff to keep me busy looking at in the first month of 2013 lol
Oli, here are the results for EJ from October to December. Trading rules for this pair are in the spreadsheet itself. I'm thinking of tightening SL to only 20pips (this would've caused October to be a no profit/loss month). This pair seems to trend pretty well! All but one trade that went into the greens had drawdowns of <20pips.

Overall looks promising. Not too great R:R but at least every month ended with green pips

Another point to finalise is when to bring the trade to BE..
Attached File(s)
File Type: xlsx EURJPY 4H.xlsx   18 KB | 453 downloads
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