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Genesis Matrix Trading

  • #11,801
  • Apr 16, 2013 4:26am Apr 16, 2013 4:26am
Quoting Veracruz
I have changed the MTF Stoc on TF15m second window with this of 1H. Do you think that it's necessary any additional setup over configuration regarding K, D and slowing? {image}


... that looks fine Veracruz
.... laughing all the way to the bank
  • #11,802
  • Apr 16, 2013 4:45am Apr 16, 2013 4:45am
Quoting Martyfish
Its not really any TF is the definitive way to trade, there are many different interpretations. Generally you select a HTF in which you determine a trend (lets call it your "trend" TF) - you may then select the next HTF to ensure if it is a strong trend, you dont trade against it, but if that trend isnt strong, be happy with your "trend" TF. Then you take the next lower TF, in which to time your entries (lets call it your "timing" TF). So Genesis strategy suggests M15 as your "trend" TF, and M5 as your "timing" TF. So checking H1, as your...
Thank you very much for the explanation. Personally I fill much more comfortable trading in TF15, much less stress. And if the trend confirmed by 1H or higher is strong the probabilities of success are also higher.

As you said correctly comparing higher TF in order to avoid the market noise. Maybe I'm not going to get the same number of pips, but the % of winner trades will be higher.
And in the statistics of the instructions, the results are better over 15MTF. But all depend of each personal style.
When there is a strong trend practically doesn't matter if it's 1M, 5M, 15M or other. But when the market direction (not the trend) is changing every few time. Personally rather to get more secure trades, although with less pips.
If I'm wrong, just tell it me.
  • #11,803
  • Apr 16, 2013 5:02am Apr 16, 2013 5:02am
EA 5m was good about 1.5 hours ago.......
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #11,804
  • Apr 16, 2013 5:50am Apr 16, 2013 5:50am
Quoting Veracruz
Thank you very much for the explanation. Personally I fill much more comfortable trading in TF15, much less stress. And if the trend confirmed by 1H or higher is strong the probabilities of success are also higher. As you said correctly comparing higher TF in order to avoid the market noise. Maybe I'm not going to get the same number of pips, but the % of winner trades will be higher. And in the statistics of the instructions, the results are better over 15MTF. But all depend of each personal style. When there is a strong trend practically...
From what I have read, the profitability for TFs, are generally like this:

The higher the TF; win/loss ratio is usually lower, but average winners is usually higher, ie your RR is is higher.

To take it to the extreme, M1 scalpers can trade below RR of 1:1, but need very high win/loss ratios, with loads of small pips wins, because losses will have a significant impact.

Swing traders, ie those holding trades for a few days, will get stopped out a lot, but when they get a big winner it can be 500 pips or more.

My old coach (of a few years ago), who was a swing trader, always talked about a trade he made during the early part of the financial crises when he made £80k

But I repeat whatever TF you choose, you need a "timing" TF and a "trend" TF. Choosing just 1 TF limits your understanding of what the market is doing.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #11,805
  • Apr 16, 2013 6:08am Apr 16, 2013 6:08am
Quoting Martyfish
From what I have read, the profitability for TFs, are generally like this: The higher the TF; win/loss ratio is usually lower, but average winners is usually higher, ie your RR is is higher. To take it to the extreme, M1 scalpers can trade below RR of 1:1, but need very high win/loss ratios, with loads of small pips wins, because losses will have a significant impact. Swing traders, ie those holding trades for a few days, will get stopped out a lot, but when they get a big winner it can be 500 pips or more. My old coach (of a few years ago), who...
Many thanks Marty.
Totally agree with you.
  • #11,806
  • Apr 16, 2013 6:13am Apr 16, 2013 6:13am
Quoting Veracruz
Then a option will be to implement stoc Periode 1h or 4h on TF15M. How do you see it?
I personally don't have the 4hr on my chart but I try and check what the other timeframes are doing especially the 1Hr chart.
.... laughing all the way to the bank
  • #11,807
  • Apr 16, 2013 6:13am Apr 16, 2013 6:13am
Quoting Martyfish
From what I have read, the profitability for TFs, are generally like this: The higher the TF; win/loss ratio is usually lower, but average winners is usually higher, ie your RR is is higher. To take it to the extreme, M1 scalpers can trade below RR of 1:1, but need very high win/loss ratios, with loads of small pips wins, because losses will have a significant impact. Swing traders, ie those holding trades for a few days, will get stopped out a lot, but when they get a big winner it can be 500 pips or more. My old coach (of a few years ago), who...
Thanks Marty! My 'Marty' folder is still growing
mind over matter
  • #11,808
  • Apr 16, 2013 6:23am Apr 16, 2013 6:23am
Veracruz,
There's a very good trading system that was created by wiz3000 that may be of some help to you. Its in the first page.
Its called 5-15 Genesis Strategy. It'll put you on the right side of most of the trades
.... laughing all the way to the bank
  • #11,809
  • Apr 16, 2013 6:52am Apr 16, 2013 6:52am
Quoting itsallover
I personally don't have the 4hr on my chart but I try and check what the other timeframes are doing especially the 1Hr chart.
Kelly,

I agree, I used to check H4 2 or 3 times a day. Now very rarely; if H1,M15 & M5 agree you have a decent trade.

But I do look at it once a day, in ther morning when I open metatrader.

That is going to provide the vast majority of your bread and butter trades.

Plus you can usually tell from PA whether H1 is going with H4/D1 trend.

If its choppy its counter-trend, if its strong its probably with H4/D1 trend; I dont need another chart to tell me that.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #11,810
  • Apr 16, 2013 6:55am Apr 16, 2013 6:55am
Quoting Martyfish
Kelly, I agree, I used to check H4 2 or 3 times a day. Now very rarely; if H1,M15 & M5 agree you have a decent trade. But I do look at it once a day, in ther morning when I open metatrader. That is going to provide the vast majority of your bread and butter trades. Plus you can usually tell from PA whether H1 is going with H4/D1 trend. If its choppy its counter-trend, if its strong its probably with H4/D1 trend; I dont need another chart to tell me that.

There you have it Veracruz.
Another response that will make a big difference to your trading. Thanx Marty.
.... laughing all the way to the bank
  • #11,811
  • Apr 16, 2013 6:59am Apr 16, 2013 6:59am
Quoting kosmo
Thanks Marty! My 'Marty' folder is still growing

Your welcome

Hope it makes sense.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #11,812
  • Apr 16, 2013 7:29am Apr 16, 2013 7:29am
I've been stopped at BE in quite a few trades. Here's hopping I can stay the ride on EU.
.... laughing all the way to the bank
  • #11,813
  • Apr 16, 2013 7:32am Apr 16, 2013 7:32am
Quoting Martyfish
Your welcome Hope it makes sense.
It makes perfect sense as always. It's the implementation part that I still struggle with sometimes. You know, newbies like myself have their own ideas and usually think they're right
mind over matter
  • #11,814
  • Apr 16, 2013 7:35am Apr 16, 2013 7:35am
Quoting itsallover
I've been stopped at BE in quite a few trades. Here's hopping I can stay the ride on EU.
Fingers crossed! I'm long GU.
mind over matter
  • #11,815
  • Apr 16, 2013 7:40am Apr 16, 2013 7:40am
Quoting kosmo
Fingers crossed! I'm long GU.
EU is too choppy for me - out with +5
.... laughing all the way to the bank
  • #11,816
  • Apr 16, 2013 7:53am Apr 16, 2013 7:53am
Quoting kosmo
It makes perfect sense as always. It's the implementation part that I still struggle with sometimes. You know, newbies like myself have their own ideas and usually think they're right
I've had about 5 friends (or friends of friends) that I have tried to coach, once they get a little knowledge they try to go they own way, only to fail again and again.

Usually the problem is over-complicating and constantly changing their system, and of course the old chestnut, not putting in enough screen-time !!

Plus failing to do what I said earlier, that you cant trade on 1 TF, they think by adding indies with stronger settings, that can compensate.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #11,817
  • Apr 16, 2013 7:53am Apr 16, 2013 7:53am
Quoting kosmo
Fingers crossed! I'm long GU.
Your trading against H1/H4 !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #11,818
  • Apr 16, 2013 7:57am Apr 16, 2013 7:57am
I put the Genesis arrow matrix on my M5 chart (above Genesis matrix)

I have H1 & H4 TFs on the arrow matrix, when they are the same colour - NEVER TRADE AGAINST THEM !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #11,819
  • Apr 16, 2013 8:03am Apr 16, 2013 8:03am
Quoting Martyfish
I put the Genesis arrow matrix on my M5 chart (above Genesis matrix) I have H1 & H4 TFs on the arrow matrix, when they are the same colour - NEVER TRADE AGAINST THEM !!
And when you get M15 arrows alligning with H1/H4 - Yipppee !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #11,820
  • Apr 16, 2013 8:07am Apr 16, 2013 8:07am
Quoting itsallover
EU is too choppy for me - out with +5
That's still profit

GU stopped out and reversed. The joys of demo trading!

UJ short @+25 (not all hope is lost)
mind over matter
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