Genesis - continuation

This is setup for 30 min.I didn't trade this yet.I will after New year

Does anyone still trade with the genesis system?? I have been trying it for the last few days and I really am impressed by it as the stochastic is by far my favourite indicator. Anyone?

lisat,

for sure there a traders using the GMS.
It was and is a profitable strategy.
Stochastics together with the other tools make the result.

good luck
josch

Thank you Josch nice to know some are still using it and good luck to you too!

Hello there,

Genesis, and everything RJ, Olivia, Cody, Wizard etc... contributed to the original thread is still my main way of trading. I'm basing my decision on S/R, currency pair with the time of the day and agreement of the Genesis system. It's really a shame that the original thread, and this one, don't have any activities anymore. It was more than a trading system, it was a trading style, a way of trading and living without stress. You can win 30-40% of the time and still make a profit, as long as your R/R is good.

Malouin

I am trading it on the 15min chart which I find, along with the 15 and 30min stochastics is excellent for entries. The only thing I am struggling with at the moment is the exits (usual problem). Do I follow behind the PA or take a fixed take profit. The jury is still out on it at the moment. Any suggestions?

I have decided to use the trailing by the last candle in the direction of the trade. I have found that works best at the moment. Sometimes it will take me out earlier and other times it goes on forever so swings and roundabouts. If I am not in profit then I am exiting before the stop loss if price closes underneath/above the 5ema if there is a colour change on the matrix as well otherwise I will leave it until it hits the stop loss. This is going extremely well so far although a week is not a big enough sample to tell long term.

Unfortunately - agree.
RJ closed the original thread because of 'muppets'-posting,
I can't complain about, he prevented tattering the thread.

josch

Check targets like levels of pivots, S+R & daily open.
Often price hesitates before continuing or reversing at these levels.
I'd admit, this is more usable with M5 timeframe, but you may have a look.
Your other mentioned points like change of color and MAs are ok too.

josch

I do base my decision on S/R and a simple rule of thumbs. If my TP is 20 and my SL is 10, when I'm +10 I move my SL to the break even point and monitor the pair. If I have momentum I can push back my take profit.

Malouin

Is there EA available for this trading system? thanks for your information.

No.

After thinking I would trade the genesis system during quiet times perfect for scalping and on the m15 chart after trying it for several weeks now I find much to my surprise that the m5 time frame suits me and I will be trading it much more often.

I have stuck with realjumpers original system. I have though added the 60sma to the chart after reading this in post number 1 of realjumpers thread
I tried the 60sma which is one that martyfish used and found it helpful so I have kept it on there. Other than that I have the daily candle indicator on there to remind me which way the day has been trading so far - it allows me to stay more with the trend of the moment and weekly pivots not daily which I use for take profit targets.

Just one example from a little while ago is below. I will be away most of next week but will try to post regularly to this thread. There was also a signal on EURJPY at the same time which I did not take but would have worked equally well.

Looks cool! Please post more trades here for study.
Thanks

lisat,

excellent trade, following the FED announcements though.
And, agree, daily candle is the most simple way to look where day is going, using it myself too.
Also helpful is the DOL (daily open line), often price bounces or hesitates at this level.
Last 2-3 weeks there were few opportunities only, holiday mode was strongly shrinking ADR/ATR.
But I think, next week traders are back to work to put some money on table and spend some volatility.

josch

Thank you for all your comments, I was taking a break this week but back today. I waited for 15 minutes after nfp today and got another 50 pips on gbpjpy.

Back in the saddle after some time off. I am posting this here because although I am using Davits pivots and ideas about them I am using the m5 genesis to enter and out of respect I thought it best to post here although if you want to learn about the pivots you can go to his thread here: http://www.forexfactory.com/showthread.php?t=588764
One trade tonight on EurAud price was bouncing along S61% then it closed above the daily open and the 60sma with a nice angle on both stochastics I was hopeful that it would finally break back up through S38% and luckily it did. +50 pips.

I stayed in when it retraced from s38% the first time because the m15 stochastic was still high and had read realjumpers comments about the stochastic remaining above 80 meant the trend was still quite strong and moved to breakeven when it closed above S38 again.

Been testing this system for awhile now and I'm surprised this thread isn't more active. I've found that this system is profitable and most of losers came from trading during the US session.

I'd hate to think that all the hard work that went into the Genesis Matrix Trading System went to waste. I mean no disrespect to Real Jumper or the other contributors to the creation of the original. I followed its development from its evolvement during the evolution if Evaluator's Symphonie strategy and I am forever grateful from all the veteran traders in both threads for selflessly sharing of their skills.

I'd like to share my version of Genesis. GMTS Winner (I had to name it something). Anyway, mostly what I did is make it easier, for me anyway, to see high-probability entries faster and judge my exits with better consistency. I modified the Sochastic (10,3,3---levels 70, 50, and 30, only the %K line). There are actually 2 Stochs in sub-window 1, both the same setting, but with different levels so I could get different color level lines. I interpolated the Winner indicator into the Stoch sub-window with default values, but excluded the shaded area under the red and blue steps so I could see the Stoch better. Under the Stochastic, sub-window 2, is the Genesis Matrix 2.22.(default settings) It is there for the alerts. I use the GMTS tape for Genesis visuals, but I couldn't get the tape alerts to function. I don't need to see both so I hide the matrix for more chart space. Last in subwindow 4 is the ASCTrend-Matrix 2 TF with current TF and next TF setting. On the main chart I am using DT Heiken Ashi candles (Why DTHA? Just happened that way. Regular HA are fine.), ASCtrend1i (not MTF) arrows along with ASCTrend1i Alerts. (Probably overkill on the alerts but there is no harm since the signals are the same. The matrix has its own alert but the arrows don't.) 5 EMA (shift 2, Exponential, Typical Price (HLC/3), Tick-Value in the left upper corner, Pip Counter in the upper right, and I have a TP / SL EA active on the chart. I use Sweet Spots instead of Daily Pivots for reference, Profit Targets, and entry/ exit decisions.

I use the Stochastic and Winner indicators in addition to the GMTS Tape and ASCTren 2 TF Matrix to determine my entries. Both indicators MUST agree, that means BOTH TFs on ASCTren Matrix 2TF. In addition I would like to see Soch moving through the 50 line from above or below and Winner signaling the same. I exit on one of the following criteria, weak candles, closing below the 5 EMA, Stochastic turns and hits the 70 or 30 line, Winner signals weakness or change, price stalls at S /R or a Sweet Spot. Here, I would like to give some advice. If you are new to trading, it would be well worth your while to lstudy the candles that often signal the weakening of any directional movement. It is said that the 1st and last bars of a trend are the most expensive. That last bar could erase any gains. Smaller bodies, shorter wicks, no wicks, wicks on both ends, all point to a weakening trend. Nobody ever got poorer taking profit. Stay too long and you may be contributing to someone else's account instead of your own.

Everything you need to know about Genesis trading is here http://www.forexfactory.com/showthread.php?t=373796 That thread is locked because some people couldn't follow the rules there, but you can still read it, have access to a wealth of trading information, and download a myriad of trading tools. I would like to leave you with one last thought expressed by kirkleaforex on his Simple Correlation Indicator System thread (where I got the Winner indicator, thank you very much). It expresses my thoughts about system jumping and doing due diligence much better than I could have. Post 445 at http://www.forexfactory.com/showthre...593595&page=23

Wish you all the best in your trading.