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How to read the Galaxy Trades Matrix in 5 easy steps
Part 1 : Time Frame Lanes
The Galaxy Trades Matrix is split up into 5 "lanes", each lane shows the most important features of that particular time frame. At the bottom of each lane, you will notice the time frames : 1m, 5m, 15m, 1h, 4h
Part 2 : Pip Walls
In each lane, you will notice there are numbers such as -23- , -38- , -85- . These are key strong fibonacci levels in that particular time frame.
Part 3 : Momentum Arrows (MARs)
In each lane you will notice a yellow, orange and gold arrow pointing either up or down. These are also key resistance levels but more importantly, they show you the overall price momentum of that particular time frame.
Part 4 : Red & Green Zones = Passive Zones | White zone = Active Zones
The red zones means it's a very strong moment to "sell" and the green zone indicates a very strong moment to "buy". You have to wait for price to move up to those zones. White zone is where the price would spend most of it's time and hence we call it the active zone.
Part 5 : Instant Trading + Scaling-Out
At the top of each Galaxy Trades Matrix, you will notice a handy one-click-trading box and beside it, it shows your current spread, open positions and P/L in pips. This is called the "Galaxy Trades Manager" and it automatically helps you set tight stop losses, adjusts them to breakeven and scales out of your profitable positions for you - world class!
With the Galaxy Trades Matrix, at one glance, you are able to see key S/R levels across 5 time frames, dynamic overbought/oversold zones and the momentum of the market.
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Testimonials
Danny412 :
- Profit factor 4.78, Drawdown 1% (click here)
- 20% with real account, Drawdown 0.21% (click here)
Sirwolf :
- Explanation on why the Matrix works well (click here)
Kelton :
- Some good trades and explanations (click here)
Trancecube :
- Many take profits (click here)
Andynm :
- Praises for system (click here)
MJTuttle :
- Many takes profits despite some mistakes (click here)
Tumen05 :
- Praises for system (click here)
Mario777 :
- Many take profits (click here)
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Changelog
6 January 2015 - Version 4.00 :
- Fixed alignment problem with Galaxy Trades Matrix so that all pip walls line up with prices accurately (FINALLY)
- Added a feature (Galaxy Trades Alert) that alerts you when price is within X pips of the green/red zones
- Added daily high-low lines (orange), weekly high-low lines (red) and monthly high-low lines (black) for improved trade entry
- Tweaked for more accurate performance
- Integrated an AIO (all-in-one) installer that installs the entire system for you hassle free
Upcoming Improvements
Website :
- Migration from Windows Azure server to Linux server to improve loading speed and site performance
- Video guides to be posted up on how to set up the Galaxy Trades System
- In-depth guides on basic and intermediate strategies
- Forum (mainly for FAQs)
Galaxy Trades Manager :
- Kick-ass GUI (graphic user interface) integration in MT4 that allows users to have separate settings for entering passive trades (in the red and green zone) and active trades (in the white zone)
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The problem with trading these days :
The market consists of over a thousand different indicators you can use, of which almost 99.9% of them are "lagging indicators". This means that they have to wait for the market to respond before giving you a signal, and this leads to a "herd mentality" where the large bulk of traders enter the market only to realize it turns againt them.
There are, however, only 2 "leading indicators" around that are ahead of the market :
1) Volume (we can't have access to this data as the forex market is too huge)
2) Fibonacci Retracements + Extensions
Many traders have used fibonacci retracements and extentions while trading, and sometimes get really promising results. However, soon they realize that while fibonacci retracements can give you a "sell" signal on the 5 minute time frame, it could give a "buy" signal on the 15 minute time frame. On top of all that, when should they exit the trade after they've entered all these trades? All these uncertainties soon lead to the downfall of every fibonacci trader.
We could analyze 5+ time frames for every currency pair and constantly redrawing fibonacci lines and trend lines, and we'll probably get some huge messy desktop. What if you wish to monitor 4 currency pairs? It'll look more like this :
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Oh the horror!
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Q: With so much power in the Matrix, what can I do with it?
A: Make the most accurate and profitable trades in your life
How it works:
Price naturally reacts off key support and resistance levels whether they are moving averages, trend lines or fibonacci levels. On a single time frame, you can already see them reacting even for a brief moment, sometimes it works and sometimes it doesn't.
Now imagine combining not 1, but 5 time frames together and waiting for price to react off their combined moving averages, trend lines and fibonacci levels. The chances of price reacting to those key levels is extremely high.
What if it is during strong overbought/oversold zones? It would be supremely high.
1 Simple Strategy (basic):
The most basic strategy (and with the highest probability of wins) is called the Extreme Currency Wall setup.
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Galaxy Trades Matrix - Sell Entry
- Wait for the red (overbought) or green (oversold) zones
- Wait for a pip wall row across at least 3 time frames
- Enter the trade and let the Galaxy Trades Manager handle it for you
It is important to have good position management. I have coded the "Galaxy Trades Manager EA" that automatically, within a split second, helps you set your TP, SL, trailing SL and helps you scale out of positions.
To my experience, this is the best position management tool there is because it removes a lot of the emotional element there is in adjusting TP and SL levels which often come back to bite us.
If SL is hit, wait for market to test another Extreme Currency Wall -> in this case, if the -29-/-30- setup doesn't work and our SL is hit, we wait for it to rise to the next one which is -72-/-73- level.
This is the core strategy behind the Galaxy Trades Matrix and one of the strongest.
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Q : What is the engine behind the Matrix?
A : The most comprehensive dynamic fibonacci wave indicator
We all know how trouble it is to plot fibonacci retracements and extensions, even more when you have to update it every tick just to get accurate forecasts. However, we all know the power that fibonacci holds in forecasting price movements and this is where the Galaxy Trades Wave comes in as the undisputed chart indicator :
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As you can see in this picture, there is always price action that reacts off these fibonacci waves. This, my friends, is just for one time frame : So imagine the power of the Galaxy Trades Matrix : combining 5 time frames of fibonacci waves and trading off their comined support/resistance.
The Galaxy Trades Wave is usually for your own analysis and studying of the market. It gives you a good macro picture of how the currency pair has been performing for the day in that particular time frame. If you wish to trade longer term positions (not the really quick scalping trades we do), this indicator is absolutely priceless in your analysis.
The Galaxy Trades Wave is the single most powerful dynamic fibonacci indicator out there for MetaTrader 4
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Q : How do I manage my positions in such a high accuracy trading environment?
A : With the most powerful Galaxy Trades Manager
The Problem :
When managing open positions in Forex, we tend to let emotions get the better of us. Whether it’s reluctance in sticking to our strategies by keeping a tight Stop Loss, or closing off profitable positions too quickly, in the heat of the moment (especially more in high intensity scalping), we make irrational decisions that we look back on and ask ourselves “Why did I do that? I know better than that!”
The Solution : The Galaxy Trades Manager
This extremely smart position management Expert Advisor does the following for you :
1) Automatically set your Stop Loss upon entering a position
2) Automatically set your Take Profit upon entering a position
3) Automatically scale out of profitable positions at 3 predefined points
4) Automatically calculate the spread for you and notify you if it crosses a certain number of pips
5) Automatically displays the total position size you have opened along with the Profit/Loss it has
This EA works alongside the Galaxy Trades Matrix, allowing you to easily enter in and scale out of positions during high volatility situations, letting you focus purely on the correct moment to enter a trade while letting the troublesome task of adjusting your SL, TP and scaling TPs be handled by it.
The Galaxy Trades Manager is the smartest position management Expert Advisor that complements the Galaxy Trades Matrix
