Genesis - continuation

Thanks for your contribution Bobby. Would you mind please posting your indicators and template?

Thanks

Hi Razor. Here you go.

MTF Arrow and Genesis Arrow Matrix are included in the indicators file. They don't work on my version of MT4, Build 1031. It should work on prior versions

I included 4 templates. Choose the one you like. The only differences are:
GMTS Winner Tape tpl does have the matrix in sub-window 1. It's behind the tape. I did this so I use the tape and also get Genesis alerts. Tape alerts don't work on my MT4 platform.

GMTS Winner DTHA has DT Heiken Ashi instead of standard HA. They're a little different in the way the candle is formed. That tpl also has matrix and tape interpolated.

Also the original Genesis tpl is included. Maybe you want to use that or build your own strategy.

Legend thanks for that. Good luck and hope you make millions.

In the GMTS Winner zip file I posted for download, in the Indicators folder is Auto SL and TS, an EX4 file. That is not an indicator. It goes in the Experts folder. It can be used for automatic PT, SL, and trailing stop if you want. Sorry for any confusion.

Over 187 people have downloaded the templates and indicators, which is cool. No problem. That's why they're here. No one has a comment? No one has a question? No one has any results or experiences, good or bad? So, good luck in your trading and, see ya around, I guess.

Hello traders, a few days ago I came across "Genesis" and find the whole very interesting. I will read the info in the next days and then trade with the system. I'm curious about the results I get.

this is my template

A big Thank You to bobzahra for editing the code for the (ASCTrend) MTF Arrow so that it now works on the newest MT4 Build. I really appreciate people like bobzahra, Xaphod, Cody etal., not only for their coding skills but for their willingness to contribute for the benefit of others. I know my way around a PC, but I couldn't write code if you put a gun to my head. So thank you again.



This is helpful if you don't want ASCTrend -Matrix 2TF in a sub-window on your charts and you would like to know if the ASC Trend on the current TF agrees with the nest highest TF. Or you can have both. It's up to you. When both TFs agree with Genesis there is a higher probability that price will move in that direction.

Bobby2,
Thanks for your continuing effort, really motivating. Now if I only could use Genesis on a higher TF like H1 .........

Thanks

Why not? Did someone put a gun to your head?

Genesis can be used on TFs higher than M5. The same technical rules apply, it's just that you will probably get fewer signals so you will, of course need to wait longer for quality signals. This quote by RJ is from the FAQs on page 1 of RJs original post found here: https://www.forexfactory.com/showthread.php?t=373796
FAQ:
1. What Time Frame can I use the Genesis System on?
We tend to use the M5 and/or the M15 timeframe, however the system works on all TF's

....and on post 456 on this page https://www.forexfactory.com/showthr...54#post5856254 krypty talks about how he uses Genesis to trade higher TFs.

RJ prohibited people from posting charts that deviated from the original system simply to keep the thread from devolving into "indicator chaos". He often commented that if you had personal Genesis charts, with a different set of indicators, that you found valuable, that was no problem, he just didn't want them posted on his thread. His thread, his rules. I never had a problem with it, but some people just can't follow rules. RJ got fed up and shut his thread down. And I don't blame him. My point is the Genesis Matrix is a trading tool that can be wielded in more than one way. All of us need to find OUR "way".

Look, a lot of the kids your age in your neighborhood went to the same schools, right? Had the same teachers, read the same textbooks, shared the same academic and social experiences. Are all of you now doing the same thing at the same level with same amount of success? Of course not. For better or worse, everybody chooses their own way. There is nothing stopping you from using Genesis on a higher TF except you.

This will be my last post in this thread. I posted everything you need to know to learn how to use GMTS. I posted long meticulous explanations of where to find everything for free. All you have to do is put in the time. But noooooo. We can't do that. That's too much work. Instead I get creamed with PMs asking questions that prove no one bothered to read a single word I wrote. Idiotic questions like, Are you still using Genesis?, Is Genesis still profitable?, Is Genesis automated?, Do I have to watch the charts to use Genesis? Not one question regarding a specific problem trading with Genesis. Not one question regarding ANYTHING about trading Forex in general. Just questions that point to extreme laziness. No one trying to figure out on their own what they need to do.

I have had dozens of people ask me to teach them how to to trade. My answer is always the same. Sure I will. I'd love to. I'll teach you for free. All you have to do before we begin is, first go to babypips.com, register, and complete the FREE trading school, let me know when you are finished. Take your time. Do it right. I never heard back from even one of those people. And I know why. They thought there ws no work involved. Just tell me real quick how you do this real quick so I can get started. Riiiiight. I tried. No more. Good luck to all.

bobby,

I really know, how you are feeling. Unfortunately this 'business' is a bad one for those, who honestly are willing to help. You don't see this at the GMS original thread, which was closed bei RJ, but at a lot of others too. If the 'promoter' is not there to answer the already answered questions again and again, interest seems to go. Oh, I forgot, can a have the EA and how to exec an order with a guaranteed profit and blah blah blah.

While sellers of any nonsense don't have any problems to answer same questions, its all too human for traders, that they experience their individual point of no return. Look at demoreal, the TO, gone and left FF. Look at aguarella, gone and left FF. What a pity!

By the way, I have a questions too, hope it was not answered yet: At your first posts you mentioned to look for 6 pips, using a trading-ea, a profit which ca be achieved around 70%. I thought, this sounds like a scalping method. But later you explained entry/exit with some GMS-like examples, what to look for. Did I misunderstand something about those 6 pips TP?

Answering or not, good luck trading
and arriving at your 'pro'-target!

josch

Hi josch, Thank you for an actual trading question. I have the Auto SL and TS EA set at 6 pips for special circumstances. The 2 recurring most circumstances are:

1) An hour or so before the NY Open and about an hour and a half after NY opens, often you will see a kind of a quick surge in price, or a spike. They are usually sudden and the length is unpredictable. But often they at least hit a Sweetspot. If I see one of these happening and I can enter at least 6 pips away from the nearest Sweetspot, I'll enter at market and just turn the EA on giving me an automatic profit target. It happens quickly and there's no time for calculations. They almost always get hit. If you don't think it has enough juice to hit the PT after you enter, just close it manually.

2) Other than the Sweetspots, there are Support and Resistance areas marked on the chart. Often price will arrive at these areas and stall for a while. Sometimes price will just blow right through and then retreat back to that area. Sometime price will completely disregard that marked area and just continue on its merry way. In other words, we don't know. But if I think price will at least cover that area but unsure about the strength of the move, I'll use the EA, take my 6 pips and be done with it.

Under normal circumstances the EA turned OFF and I let the Stoch and the PA tell me where to exit and I exit manually. That being said, it is not an entirely bad idea to be happy with a 6 pip trade on an M5 chart. 80% of the time the markets are ranging, not trending. If you are only going after 30, 40, and 50 pip moves on an M5 or M15 chart you may be disappointed. If I get a few of those auto 6-pip trades in one trading session, I count my blessings. The markets are very eratic these days. Flat for a long time with surges in price without warning. The EA helps me trade a little safer in a ranging market.

Below is a partial EURUSD M5 chart taken just after one of those price spikes. I entered just at the previous Resistance marker. As yo can see, price went a little beyond the upper Sweetspot, but I walked away with 6 pips. I hope my explanation helps.

Hi bobby,

thank you for explanations. Now this perfectly makes sense and I have to admit never having a look like this on such moves. But I'll do a bit research about.

Ref. (1) The erratic moves around NY open are nearly the same as the hour before London open, Frankfurt already is awakend and London may confirm the move, sometimes even beginning an hour before Frankfurt, or goes the other way. But you know RJs thread and this Frankurt/London behaviour already was stated there - years ago. Regarding my timezone, London is my first and preferred trading period.

Ref. (2) Support & resistance, I think, most are looking for those. Using the standard pivot points (lines) here instead of sweetspots, but I think, because they are only part of the whole trade, you may use, what you evaluated as 'fit best'.

Regarding your EUR/USD M5 chart, I see your entry (yellow vertical) after the resistance marker (yellow horizontal). Unfortunately there's no time and scaling, so I only may estimate distance of 6 pips. The next (to the right) white horizontal line is a support? Your shared indicators at this post didn't include S&R tools. Did you draw them manually? Looks a bit high for me, if I was interpreting well.

good luck
josch

BOby ca you share last template and indicators.. thx!

Like most S&R indicators this one will change if new highs or lows are made before a new S&R point can be established. The best thing about this indicator is it lets you know when possible exhaustion is happening with a small scissors icon. When you see it, you need to consider an exit. Please remember that Genesis is not 100% mechanical. It HELPS identify POSSIBLE areas for entries and exits, but discretion is needed on the trader's part..

https://www.forexfactory.com/showthr...478578&page=42 Post 840

Does everyone have a reading disability? Read the threads. People took the time to post to help others, but you gotta help yourself too.

Yes, you are right, just see every post new template and modification of indicators..

The dotted yellow horizontal line is the New York Open. The solid yellow vertical line is the most recent resistance point. My entry was just above resistance, 6 pips below the Sweetspot line. The price bar was the 2nd or 3rd (can't recall now) Genesis signal.


Regarding price movements during sessions, during different sessions different time zones within a session come and go creating different volumes of traffic. For example, Frankfurt opens an hour before London. Sydney and Tokyo are nearing their closing times. Frankfurt closes an hour before London. By that time most of the European banks have closed their trading desks. as a result, what we call the "London Session is actually many different countries and time zones coming and going. London may be the financial center for European banking and financial instruments, but when London is alone just before the the NY session, volume is so low that it's probably best not to trade during that time. In the Asian session before the Tokyo Open, just stay out. Sydney alone is very erratic. After Tokyo opens, an hour later Singapore and Hong Kong come in making things interesting for a couple of hours. If you watch price, you can see a fairly consistent increase and decrease in volume around the same times every day.

Wed., 4/5,2017, EURUSD and USDCHF about 3:15 pm EST, NY session trying for 6 pips contrarian trade using, Genesis Matrix, SupportResistance indie, Sweetspots and Auto SL and TS EA. DXY chart is from investing.com