Hello everybody,
This thread is for developing and discussing a multi-timeframe trading system that is based on one indicator - Trix - with higher timeframes confirmation.
Main setup is 60,15,5
Involves three timeframes - M60, M15, M5.
Entries are taken from M5 chart after the Trix signal has been confirmed on all three timeframes - when three blocks are the same colour and filled.
Entries are 2 pips under/above the signal candle's low/high. (Signal candle = the M5 candle that confirmed the last necessary signal.)
Basic template with the basic set of indicators is attached.
The arrows on the chart belong to Scalper Signal indicator that shows the signals of current timeframe Trix. That is for visual aid - to notice the signal candles.
Three rows of the blocks are showing the status of Trix on three timeframes: M5, M15, M60.
Empty squares show that Trix has crossed 0 but signal has not been confirmed yet.
NB! You must have Sm Super Trix v1 in your indicators folder as the MTF indi refers to it. Not necessary to attach it to the chart.
For explanation how to attach any version of MTF Trix to the chart - see http://www.forexfactory.com/showpost...postcount=1168.
Happy trading!
This thread is for developing and discussing a multi-timeframe trading system that is based on one indicator - Trix - with higher timeframes confirmation.
Main setup is 60,15,5
Involves three timeframes - M60, M15, M5.
Entries are taken from M5 chart after the Trix signal has been confirmed on all three timeframes - when three blocks are the same colour and filled.
Entries are 2 pips under/above the signal candle's low/high. (Signal candle = the M5 candle that confirmed the last necessary signal.)
Basic template with the basic set of indicators is attached.
The arrows on the chart belong to Scalper Signal indicator that shows the signals of current timeframe Trix. That is for visual aid - to notice the signal candles.
Three rows of the blocks are showing the status of Trix on three timeframes: M5, M15, M60.
Empty squares show that Trix has crossed 0 but signal has not been confirmed yet.
NB! You must have Sm Super Trix v1 in your indicators folder as the MTF indi refers to it. Not necessary to attach it to the chart.
For explanation how to attach any version of MTF Trix to the chart - see http://www.forexfactory.com/showpost...postcount=1168.
Happy trading!
Attached File(s)
MTF_Trix_Meter_1.1d.ex4
11 KB
|
14,296 downloads
|
Uploaded Oct 9, 2009 3:26am
smSuper TRIX_v1.ex4
11 KB
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13,420 downloads
|
Uploaded Oct 9, 2009 3:26am
smC4Scalper Signals_v1 roy 01 adjusted to allow 1 per mov avg.ex4
12 KB
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11,577 downloads
|
Uploaded Oct 9, 2009 3:26am
###Auto Pivot2.ex4
16 KB
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9,195 downloads
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Uploaded Oct 9, 2009 3:26am
mtf trix basic.tpl
31 KB
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10,579 downloads
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Uploaded Oct 9, 2009 4:04am