Genesis-Trading xaphods indicators KISS

I will start my own thread because I don't want to burden any of the thread starters who use other indicators I no longer use. I will not get into my reasons as to why I don't use those indicators but just give you a skeleton approach which can improve your own style of trading. Stochastics, moving averages, Macd, and any other indicators are not needed. The Dash and tape was where I started and have attempted to use other systems and honestly the difficulties lies within myself as to why I could barely turn a profit. Keep it simple and not over complicate things.

I have to thank Xaphod and RJ in helping me develop a system which can be customized to your own style of trading. Xaphod provides the tools but along the way we still need a thread to put it all together. Questions, comments, and ideas are always welcomed here.

The indicators can be found on the additional genesis indicator thread developed by Xaphod. First I have set alarms when all six columns align the same color and at that time I determine if I want to enter a trade or not. Risk reward is very important. Remember the trend is always your friend. Pay attention to RN, supply and demand zones, and also pivots. Along the way I will post examples of my own trades.


Download Indicators Here:
http://www.forexfactory.com/showthre...hlight=genesis


Any technical issues can and will be asked on the xaphods thread. I am not the developer and just a trader like all of you.

Update: When placing the dash on the pair of choice make sure to input the PAIR SYMBOL into the input tab. I am experiencing error messages and it will not update properly and also turn on the alerts after customizing the time frames. Alert set 1 will be 11111 and alert set 2 will be 111111.

Stronger signals is when all time frames are the same color up to the daily . Not as strong is when up to the 4 hour agrees.

TRADE AT YOUR OWN RISK AND PLEASE TRADE DEMO UNTIL YOU FEEL COMFORTABLE



First trade 22 pips. Second trade 20 pips. Third trade 10 pips

Traded other pairs but this is just one example of a pair I traded

I had a ton of alerts on Friday euro session and didn't take very many trades because I wanted to wait till after news. As you can see I exited prematurely for 10 pips as I was falling asleep on my computer screen. If hindsight was 20 20 the pivot was a perfect exit. Ended the night positive regardless.

Hi gkawa22,

interesting approach. What are your entry rules? The Matrix should be the same on all 6 TFs?
regards

I have six pairs and could be more with the Dash and tape included. For all the columns to align you wont get 10 trades a day but although only a few trades are taken I always found a lot more profitable ones. If you still want to include your stochastics or any other indicators or change the time frames its really up to you. I prefer the kiss method. Alarms are set when all six time frames are aligned the same color. If you are a scalper you can use the one minute reentry method on a retracement or if you would prefer a safer approach like myself only enter on a fresh 15 minute colored tape bar which is basicly just an over view of the matrix. Remember after entry pay very close attention to the tape and if it should close gray there could possibly be a imminent reversal however I've always noticed my own mistakes are covered up by a strong 1 hour 4 hour and daily. If the 15 minute is already the same color when the alert signals a trade it still could be valid but be ready to exit on any signs of color change on the tape. Again the entries are easy, its the exits that are a little more difficult to explain because its entirely up to you.

@gkawa22

Could you plz include any FF.com-link to find easier/faster the appropriate indis ?

http://www.forexfactory.com/showthre...hlight=genesis

Been a quiet fan of the Genesis system since its inception. Also a big fan of 'KISS' approaches to trading.....so keep up the good work, wish you great success.

Thank you for providing the link. I wish everyone great success and I am here to help as much as possible. If anyone wishes to ask newbie questions go ahead and do so as we were once newbies when we first started. I just hope everyone here will have the same faith to help others as I do.

Other then xaphods indicators you may find these others useful. Supply and Demand zones along with daily pivots



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gkawa,

I would suggest that you post the relevant links/indicators on your first post in order to avoid any repeat questions in later pages.
Also you should try to stress the importance of KISS and limiting the amount of additional indicators used in order to stay true to that essence of KISS.

Folks you have to remember one thing, that is that you can have a system that provides a great entry (such as this system) but the real art and long term profit comes from the trade management and positive R:R
Don't worry about having a system that gives you a huge number of possible entries, all you need is a system (such as this one) that gives a high probability entry signal (less frequent in occurrence but higher chance of success) and a possible area of TP before you make the entry so that you know what your R:R is before pulling the trigger.

Trading isn't a game of winning only today, it's a long term thing for most ppl who embark on this endeavour and only they survive who choose to look at they business of trading as winning the week, the month etc and not just worrying about the losses today and losing hope. No system is perfect, we can not ever completely predict the mood or future of the market, all we can do is identify the current trend, take a chunk from the middle of the trend, and walk away with profit.

Just my two cents.

Great post Mannai. I will do an update to Post #1 when I have some free time. The real system is within all of us and I am just providing the tools to get you there. If any of you can give me the reasoning as to why I am using all 6 columns on the dash? The answer alone will help your own trading techniques even if you are trading a totally different system.

I have updated post 1 so please read if you plan on installing the indicators from Xaphods thread.

Its so tempting to take this trade but I prefer to see at least the 4 hour in agreement. Better yet the 4 hour and daily. If a reversal is going to happen just wait till all the rules apply. I will only wait another few hours then hit the sack. Staying in cash is always a position.

Only Trade of the night per rules of post 1. I am going to sleep so I've set a be stop +1. Limit is set at S1 30 pip profit target

Do you folks want me to continue this thread and post my trades win or lose?

Sure, sounds good. Go on gkawa.

Hello Gkawa22,please i am having problems unzipping the indicators from xaphods thread as my two unzipping softwares cannot do it. Could you post the indies here so as to make it easier for me to download? Thanks in advance

Attached are the indicators for build 600 and above

Mondays Results

1 pip profit. A breakeven trade. I am not going to exit partials or let winners turn into losers until profit target is hit. RR has to be greater then 1:1.

Any ideas are welcomed utilizing the dash and tape however please don't add any indicators not related to the current thread. This is open for any input so please don't hesitate to add to the discussion

Trading can be boring while waiting for specific setups so I will keep posting examples so we all become experts at chart interpretation.

This is the daily EURAUD. Would you go long here or wait for some confirmation? Could this be a support level or is it going to break thru? Only time will tell.


This is the 4 hour chart. What is this telling you? Mixed Indication of trend. If the tape turns blue are you going to start looking for longs on the shorter time frames when the daily still screams short. I would but I am ready to exit on any weakness or scalp 1:1 RR.
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This is the 1 hour chart. Looks like a long opportunity or is it temporary? I could maybe grab a few pips out of this but do I trade against my interpretation of the trend.
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This is the 15 minute chart. I call this my trigger chart and you may use the 5 minute or 1 minute and its entirely up to you. Retracements are indicated by gray or an opposite color. Can you see the pullbacks clearly?
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I asked this particular question earlier as to why all the time frames are important. My biggest gains and losses was attributed to scalping the market. I would make a ton when the market trended and lost it all when the market was stagnant. I am only looking for high probability trades however nothing is guaranteed. I wont consider this the holy grail to trading but I believe it will help improve your own ability to read the markets if you are a scalper, swing trader, or even a longer term trader.

I will need to post the charts individually since FF doesn't allow more then one chart on the same post.

4 hour euraud chart