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Genesis - continuation

  • #501
  • Nov 19, 2014 12:54pm Nov 19, 2014 12:54pm
IonTrading,

indeed very nice results. I'm sure, there are a lot of followers, who are interested
in 'higher timeframes'. This already was mentioned sometimes, but as I remember,
never really evaluated, because RJ and the other vets were trading 1/5/15.

Cheers
josch
trading is war - life is simple
  • #502
  • Nov 19, 2014 12:56pm Nov 19, 2014 12:56pm
mkfx,

agree on IanTrading's last post - the Matrix is working on most recent MT4 release.
Check, if you have all indicators on your chart and if you have enough candles back.

Cheers
josch
trading is war - life is simple
  • #503
  • Nov 19, 2014 1:29pm Nov 19, 2014 1:29pm
Quoting IonTrading
{quote} Hello, I use H1 TF. Im using the genesis ind_templ_build_600+.zip found here - http://www.forexfactory.com/showthread.php?t=373796 Here's the result of nov18-19 trades: {image} Again thank you to everyone who contributed in creating this Genesis Matrix!

Is that the Ichimoku Cloud on your chart? I know that's not part of the aforementioned template....are you using that as part of your entry?
  • #504
  • Nov 19, 2014 10:16pm Nov 19, 2014 10:16pm
Quoting 4xplosion
{quote} Is that the Ichimoku Cloud on your chart? I know that's not part of the aforementioned template....are you using that as part of your entry?
Yep, I use Ichimoku kinko hyo along with the matrix. Well the matrix alone is good enough but i have that ichimoku to boost trading confidence.


@ mkfx,

My broker is fxcm MT4. You can get free demo with them.

M1,M5,M15 TF is also good but i wont be able to simultaneously do multi-currency pair trading with it.

Using 0.1 lot over a variety of pairs in H1 is better than using 1 lot on a single pair in M1-15. Well, we all have our trading styles.
  • #505
  • Nov 19, 2014 10:48pm Nov 19, 2014 10:48pm
Simply put..You have a system that gives you 60-90% Chance of success, why limit it on a single trade?

You make 10 trades and lose 4 hitting your SL, but the rest gets in profit hitting x5 to x20 of your initial stop loss then you are all set my friend.
  • #506
  • Nov 19, 2014 11:05pm Nov 19, 2014 11:05pm
Quoting IonTrading
Simply put..You have a system that gives you 60-90% Chance of success, why limit it on a single trade? You make 10 trades and lose 4 hitting your SL, but the rest gets in profit hitting x5 to x20 of your initial stop loss then you are all set my friend.
Great job! Look forward to seeing some charts showing Entry and Exit...if you would be so kind! thanks!
  • #507
  • Nov 20, 2014 12:55am Nov 20, 2014 12:55am
Quoting IonTrading
Simply put..You have a system that gives you 60-90% Chance of success, why limit it on a single trade? You make 10 trades and lose 4 hitting your SL, but the rest gets in profit hitting x5 to x20 of your initial stop loss then you are all set my friend.

Well in my opinion, the trouble is with the loss in equity (leverage!!!!!!) and with that comes the margin call exposure too.

As you said I think with fxcm, you can safely trade 5 trades with 10% of the equity, where the leverage is 1:200 and the margin call is about 80% of the equity loss.

otherwise just use 1% of the equity and trade over 10 trades at a time. just my cents.
  • #508
  • Nov 20, 2014 1:21am Nov 20, 2014 1:21am
Quoting 4xplosion
{quote} Great job! Look forward to seeing some charts showing Entry and Exit...if you would be so kind! thanks!

Hello,


Sorry its a bit of a pain to do the charts one by one.. You can look it up on your own.

Here's my current positions, includes time open, entry price and SL.

As you can see the SL is very low. I just hope i wont get screwed by UK Retail Sales news release later..Not sure if its ok to keep trades open on news release or not. @_@

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 93 KB
  • #509
  • Nov 20, 2014 5:27am Nov 20, 2014 5:27am
Quoting IonTrading
{quote} Hello, Sorry its a bit of a pain to do the charts one by one.. You can look it up on your own. Here's my current positions, includes time open, entry price and SL. As you can see the SL is very low. I just hope i wont get screwed by UK Retail Sales news release later..Not sure if its ok to keep trades open on news release or not. @_@ {image}

Yes, this helps...if possible, please post your outcome...however, the UK news may impact.....best of luck!
  • #510
  • Nov 20, 2014 7:49am Nov 20, 2014 7:49am
Quoting IonTrading
{quote} Hello, Sorry its a bit of a pain to do the charts one by one.. You can look it up on your own. Here's my current positions, includes time open, entry price and SL. As you can see the SL is very low. I just hope i wont get screwed by UK Retail Sales news release later..Not sure if its ok to keep trades open on news release or not. @_@ {image}

thanks for posting the trades.


I tired to see the trades on FXCM charts 1 hr TF but signals are not on the time as shown in your pic. Please can post what is time difference between FXCM server and Zulu screen shot time.

Thanks
  • #511
  • Nov 20, 2014 9:37pm Nov 20, 2014 9:37pm
Quoting IonTrading
{quote} Hello, Sorry its a bit of a pain to do the charts one by one.. You can look it up on your own. Here's my current positions, includes time open, entry price and SL. As you can see the SL is very low. I just hope i wont get screwed by UK Retail Sales news release later..Not sure if its ok to keep trades open on news release or not. @_@ {image}


Just as i feared News release screwed me up. The low SL's lost to the market's erraticness during news release. As such, Opening new positions 4-8 hours before a news release is not recommended. Well id say only trade when all news releases for the day is over.

Here's the chart for GBPCAD

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADH1.png Size: 63 KB
  • #512
  • Edited 10:11pm Nov 20, 2014 9:55pm | Edited 10:11pm
Nice Ion.......I had good day with gbpusd hitting 1 lot at 35 pips profit and 2nd lot hit my stop at BE ....traded b4 the news, but mainly relied on the currency meter, and traded in that direction.....USD was very weak at the time, and JPY and GBP pairs were strongest.....have currently 4 other pairs at about 40 pips floating profit...all from this morning....also, followed RSI 21 dashboard for further confirmation:
Attached Image (click to enlarge)
Click to Enlarge Name: GBP Genesis.png Size: 60 KB
  • #513
  • Edited 6:48am Nov 21, 2014 5:05am | Edited 6:48am
4xplosion,

your addon MTF RSI 21 looks like an interesting tool. Searching for this unfortunately I had no success finding. Is it a free indicator or did you buy it?

Cheers
josch
trading is war - life is simple
  • #514
  • Nov 21, 2014 5:48am Nov 21, 2014 5:48am
Quoting josch
4xplosion, your addon MTF RSI 21 looks like an interesting tool. Searching for this unfortunately I had no success finding. Is it a free indicator or did you buy it? Chers josch

Here you go....the default is rsi 5, just change to your preference...
Attached File(s)
File Type: ex4 RSI_Bars_M#_v3.ex4   52 KB | 391 downloads
  • #515
  • Nov 21, 2014 6:48am Nov 21, 2014 6:48am
Thank you!
trading is war - life is simple
  • #516
  • Nov 21, 2014 5:21pm Nov 21, 2014 5:21pm
Anyone tried this system on a demo account for at least three months to see the results, if any? link a trading account to forexfactory or post a myfxbook or email me, the results, please?
  • #517
  • Nov 26, 2014 2:51am Nov 26, 2014 2:51am
Hello every one! I hope it is the continuation of original Genesis thread. Learning a lot from that thread. The original idea working like a charm, i am only trying it on demo this week, but for 3 days 240 pips, I had 2 trades this morning 90 pips in total, I am really amazed how it works, just following RJs rules.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSDM5.png Size: 66 KB
Click to Enlarge Name: EURAUDM5.png Size: 62 KB
  • #518
  • Nov 26, 2014 7:47am Nov 26, 2014 7:47am
Quoting fxnikolaev
Hello every one! I hope it is the continuation of original Genesis thread. Learning a lot from that thread. The original idea working like a charm, i am only trying it on demo this week, but for 3 days 240 pips, I had 2 trades this morning 90 pips in total, I am really amazed how it works, just following RJs rules. {image} {image}

Can you share the mtf indicator on upper left corner of chart? Looked, and could not find it...thanks in advance!
  • #519
  • Nov 26, 2014 7:53am Nov 26, 2014 7:53am
4xplosion,

this indicator is out of original GMS package 1st post [Genesis Matrix 2.21].

josch
trading is war - life is simple
  • #520
  • Nov 26, 2014 8:03am Nov 26, 2014 8:03am
Quoting josch
4xplosion, this indicator is out of original GMS package 1st post [Genesis Matrix 2.21]. josch
With all due respect, I have had that file all along, but that indicator, I cannot find in the files, and I use the same template.....still looking/requesting...
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