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Genesis Matrix Trading

  • #21,661
  • Feb 5, 2014 3:58am Feb 5, 2014 3:58am
GBP news trade at 10:30.

Because on 10:27- 10:28 before news stochs was flat in OS area i decided to not open trade, wait and see PMI reading. It was good decision because few seconds before news price made hoola hoop up and down. When i saw worse PMI than forecast i entered short
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  • #21,662
  • Feb 5, 2014 4:20am Feb 5, 2014 4:20am
Quoting iwan73
GBP news trade at 10:30. Because on 10:27- 10:28 before news stochs was flat in OS area i decided to not open trade, wait and see PMI reading. It was good decision because few seconds before news price made hoola hoop up and down. When i saw worse PMI than forecast i entered short {image}
UK Services PMI data is highly unpredictable, and because Services is such a large proportion of the UK economy, it is effective a insight into future GDP readings, therefore to volatile to trade.

Effectively tier 1 data
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,663
  • Feb 5, 2014 4:44am Feb 5, 2014 4:44am
Quoting Martyfish
{quote} Effectively tier 1 data
Marty, can you say it in other words because i havent got any idea what does it mean, please.
  • #21,664
  • Feb 5, 2014 5:14am Feb 5, 2014 5:14am
Quoting iwan73
{quote} Marty, can you say it in other words because i havent got any idea what does it mean, please.
All economic news releases are categorised by their respective level of importance.

Broken down into Tier 1, 2, and 3.

Tier 1 - Central bank announcements, GDP, CPI, jobs.

Tier 2 - Retail sales, PMIs, some CB speakers, etc

Tier 3 - all other
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,665
  • Feb 5, 2014 5:18am Feb 5, 2014 5:18am
Its not mentioned here much, maybe because the southern hemishere traders dont have to deal with multiple tier 1/2 news releases.

On trading days where UK, EZ, and US have multiple news releases like today, trading on these days is incredibly difficult.

Pre-news pops, moves suddenly stop, as the market prepares for the next news event, make trading exceptionally difficult.

Today we have US ADP at 13:15, then US Services PMI at arounf 14:00, then more PMI at 15:00.

In all 7 tier 1/2 news releases.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,666
  • Feb 5, 2014 7:13am Feb 5, 2014 7:13am
So on a day like today, I am only scalping.

Does no one else pay close attention to the news ???
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,667
  • Feb 5, 2014 8:16am Feb 5, 2014 8:16am
Quoting Martyfish
So on a day like today, I am only scalping. Does no one else pay close attention to the news ???
To be honest, I'm just trying to stay away from trading when there are high impact news, and mostly I use FF calendar. I'm very bad at fundamentals
That's why reading your posts on news are very educational for me.
Thanks for that ?
  • #21,668
  • Feb 5, 2014 8:19am Feb 5, 2014 8:19am
Hi Guys

Genesis indicator and some other stuff has stopped working on my MT4 with build 600 !
anyone else have issues ??

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  • #21,669
  • Feb 5, 2014 8:55am Feb 5, 2014 8:55am
Quoting eltax100
Hi Guys Genesis indicator and some other stuff has stopped working on my MT4 with build 600 ! anyone else have issues ?? {image}
Same here after that "update" yesterday. The alert window shows "Genesis: Error" ...
There`s no life before COFFEE!
  • #21,670
  • Feb 5, 2014 8:55am Feb 5, 2014 8:55am
Quoting eltax100
Hi Guys Genesis indicator and some other stuff has stopped working on my MT4 with build 600 ! anyone else have issues ?? {image}

there are numerous posts about this all over FF.....this from my old friend TAH in Sonic's thread

Forex Factory Traders, MetaQuotes Has Lied to All of Us!

[highlight=rgb(244, 246, 249); color:rgb(0, 0, 0); font-family:verdana,helvetica,sans-serif]Warning to all Forex Factory users of MT4, Do NOT upgrade to v600 build of MT4![/highlight]

[highlight=rgb(244, 246, 249); color:rgb(0, 0, 0); font-family:verdana,helvetica,sans-serif]Fellow Forex Factory traders, MetaQuotes has lied to all of us. They claim this new upgrade runs MQL4 indicators in their proper runtime environment without any problems. This is a flat out lie! And once you have upgraded, you cannot go back![/highlight]

[highlight=rgb(244, 246, 249); color:rgb(0, 0, 0); font-family:verdana,helvetica,sans-serif]MetaQuotes has become uncaring about traders and greedy for profits. This is all about them making profits off of their "Store" feature, where they and others can sell indicators of new coding. And they have effectively prevented many of all the free and open coded indicators from running! Yes, they have published a long drawn out affair as to why some things won't work, but it is all a bullshit excuse circumventing the fact that they haven't produced a program to convert all of our old indicators so they will run. They expect users to figure out what the hell is wrong, and then become coders themselves to recode so their indicators will work,.........or they expect you to buy replacements from their F....king store!~[/highlight]

[highlight=rgb(244, 246, 249); color:rgb(0, 0, 0); font-family:verdana,helvetica,sans-serif]Call your brokers and demand that you be allowed to continue the last pre-v600 build or you will go to a broker that will![/highlight]

Try reading here from Hanover's post # 11.....Hanover is a VERY experienced MQL coder...

http://www.forexfactory.com/showthread.php?t=469491

Good luck.....
Trading Levels with WRBs
  • #21,671
  • Feb 5, 2014 9:09am Feb 5, 2014 9:09am
Thanks Islander, thank fully my tardiness for upgrading, has benefitted me (phew)

Best of luck to all those adversely impacted by this !!

Hope you get MT4 sorted soon
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,672
  • Feb 5, 2014 9:14am Feb 5, 2014 9:14am
Quoting Islander
{quote} there are numerous posts about this all over FF.....this from my old friend TAH in Sonic's thread Forex Factory Traders, MetaQuotes Has Lied to All of Us! Warning to all Forex Factory users of MT4, Do NOT upgrade to v600 build of MT4! Fellow Forex Factory traders, MetaQuotes has lied to all of us. They claim this new upgrade runs MQL4 indicators in their proper runtime environment without any problems. This is a flat out lie! And once you have upgraded, you cannot go back! MetaQuotes has become uncaring about traders and greedy for profits....
Thanks for the heads up Islander.

Still running build 509 so i'll ensure it stays that way.
A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
  • #21,673
  • Feb 5, 2014 9:28am Feb 5, 2014 9:28am
Quoting Martyfish
So on a day like today, I am only scalping. Does no one else pay close attention to the news ???
And there you go, after the last news release for the day, we get the nice pop in EJ and GU

EJ actually popped pre-news, then slight retracement, before news pushes it onwards !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,674
  • Feb 5, 2014 9:34am Feb 5, 2014 9:34am
Quoting Martyfish
{quote} And there you go, after the last news release for the day, we get the nice pop in EJ and GU EJ actually popped pre-news, then slight retracement, before news pushes it onwards !!
and EU wasn't too bad either - LOL Marty, you've got me "news trading" again...

If I get any further updates on this build 600 problem I'll post them
Trading Levels with WRBs
  • #21,675
  • Feb 5, 2014 10:11am Feb 5, 2014 10:11am
Quoting Islander
{quote} and EU wasn't too bad either - LOL Marty, you've got me "news trading" again...
When PA setups like that that, it is a HPT !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,676
  • Edited 1:38pm Feb 5, 2014 10:15am | Edited 1:38pm
Metaquotes bears sole responsibility for the results of their update latest . If you need help, your broker and Metaquotes should provide it. Contact info:
http://forum.mql4.com/60555
[email protected]
Metaquotes service desk

One could reasonably expect the update to perform the following procedure correctly. Apparently, it does not.

To run old indicators that do not compile successfully in the new version:

  1. Find the MT4 data folder:
    http://forum.mql4.com/60555
    See point 3.
  2. Locate the 'oldindi*.ex4' files in where ever MT4 stores them: "..\experts\indicators\". The file date stamps will be prior to the update.
  3. Locate the newly compiled files in the new "..\MQL4\indicators\" folder. Make a backup copy and delete both the 'oldindi*.mq4' and 'oldindi*.ex4' files.
  4. Copy the old *.ex4 to the new "..\MQL4\indicators\" folder. Do not copy the *.mq4 files. Make sure to get any other required indicators/files.
  5. Restart MT4

Programs that generate offline charts will not work without being rewritten and recompiled:


http://articles.mql4.com/1140

Some programs that call dll's with string parameters may not work correctly without rewriting. MT4 now uses unicode strings. It previously used ANSI strings.

  • #21,677
  • Feb 5, 2014 10:34am Feb 5, 2014 10:34am
[quote]
Quoting Xaphod
Metaquotes bears sole responsibility for screwing up their update. If you need help, your broker and metaquotes should provide it. Contact info: http://forum.mql4.com/60555 [email protected]
Thank you for Xaphod for this information. I am still running 509 build, but maybe not for long.

[highlight=rgb(244, 246, 249); color:rgb(0, 0, 0); font-family:verdana,helvetica,sans-serif]
Quote
So on a day like today, I am only scalping.
[/highlight]
Quote
[highlight=rgb(244, 246, 249); color:rgb(0, 0, 0); font-family:verdana,helvetica,sans-serif]Does...[/highlight]

Thanks also Marty for your very informative posts. I have also started to trade around the news times, due to your excellent posts and only when Genesis gives a signal of course

Thanks to you both

Pattie
  • #21,678
  • Feb 5, 2014 12:30pm Feb 5, 2014 12:30pm
Quoting Xaphod
Metaquotes bears sole responsibility for screwing up their update. If you need help, your broker and metaquotes should provide it.
Thanks Xaphod, much appreciated.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,679
  • Feb 5, 2014 6:06pm Feb 5, 2014 6:06pm
Dear all,

Thanks for all of your info.
  • #21,680
  • Feb 5, 2014 6:33pm Feb 5, 2014 6:33pm
FYI to all - tried opening metaquotes this morning and it failed. I noticed TWO terminal.exe files on Task Manager..................so I closed one of these files and all was good. So if you are having issues.....maybe have a look there first.

PM1
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