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This system is extremely easy to use and is extremely profitable. I’ve seen breakout
strategies for daily and weekly. I’ve never seen one like the one i’m about to present.
DRAW a box connecting the high of the first 4hr candle(00:00) of the week with the low.
The week starts at the open of the Australian session.
If I had a penny for every time someone has asked which candle it is..i wouldn’t need to trade
forex to make money. For the next person who is going to ask, follow these instructions.
Open your MT4 platform(i use FXDD). Press Ctrl+y on a 4hr chart. Lines will magically pop up
and at the start of every week the first 4hr candle should form on the line. This is the candle you
use for the High and Low.
Advantages
- 30 mins a week
- no worrying about charts filled with indicators
- higher reward than risk on EACH trade
- easy to back test
When a signal occurs in 5M TF, confirm to 30M TF whether the two signals coincide enter the
trade!
Exit when the Slope indicator is opposite to the PSAR (Parabolic SAR)
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We are happy traders and sometimes we have some fun, jokes or smalltalks during a
break or lazy PA in this thread. For saving you time I will hightlight here the most important
informations and you don’t need to go through the hole thread unless you want to have fun. My
special thanks to SpecialED, TradeWell and Eddiemiller for trying the first beta setups, Doblece
for helping me in MT4 V220 compiling issues and AK4X to keep me always in good mood and
at the end to Turhovach to show his charts and settings and so making me suspicious what is
behind of that and last but not least, my wife, giving me the time to get all this done.
Exit:Faster Trix changes color and/or touch of a known good resistance/support level.
Other reasons to take profit can be: Touch of a trend line, resistance or support line, horizontal
psych level (00 - 20 - 50 - -80) or a black cat that cross your screen
Stop Loss: please set your stop loss according to your money management plan, as higher your
TF that you trade as lower you set the pip value and as higher the Stop Loss, also it depends on
the currency pair that you are trading.
This is a Multi timeframe setup, you don’t need to change anything jumping from one TF to the
other.
We, the THV team proved it only on 1M and 5M. The 1M TF is only for extreme scalping and
needs good FX skills !!!
These are the only rules; anything else depends on your basic knowledge on FX and your
feelings.
New, cleaner chart with more functions and sound support, THV V3, released:
Download the template and manual below
(requieres the latest version of MT4 V220)
The actual THV team: Doblece, MissPips, Tradewell, Gofer Pips, Special Ed, Cashmeer,
SeerEye, Karun, Caveman and Cobra.
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The TRIX is a leading indicator and can be used to anticipate turning points in a trend through its
divergence with the security price. Likewise, it is common to plot a moving average with a
smaller period (such as 9) and use it as a “signal line” to anticipate where the TRIX is heading.
TRIX line crossovers with its “signal line” can be used as buy/sell signals as well.
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The TRIX is a leading indicator and can be used to anticipate turning points in a trend through its
divergence with the security price. Likewise, it is common to plot a moving average with a
smaller period (such as 9) and use it as a “signal line” to anticipate where the TRIX is heading.
TRIX line crossovers with its “signal line” can be used as buy/sell signals as well.
We are now on 15M chart to confirm that we have a valid buy signal.
We LSD……look…see…decide
WE see a BUY signal. Part 2 of the puzzle is completed. 60M long 15M long Now leave the
15M alone, it has done its job. We are moving to 5M chart next.
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TRIX is a momentum indicator that displays the percent rate-of-change of a triple
exponentially smoothed moving average of a security’s closing price. It was developed in the
early 1980’s by Jack Hutson, an editor for Technical Analysis of Stocks and Commodities
magazine. Oscillating around a zero line, TRIX is designed to filter out stock movements that are
insignificant to the larger trend of the stock. The user selects a number of periods (such as 15)
with which to create the moving average, and those cycles that are shorter than that period are
filtered out.
The TRIX is a leading indicator and can be used to anticipate turning points in a trend through its
divergence with the security price. Likewise, it is common to plot a moving average with a
smaller period (such as 9) and use it as a “signal line” to anticipate where the TRIX is heading.
TRIX line crossovers with its “signal line” can be used as buy/sell signals as well.
We are now on 15M chart to confirm that we have a valid buy signal.
We LSD……look…see…decide
WE see a BUY signal. Part 2 of the puzzle is completed. 60M long 15M long Now leave the
15M alone, it has done its job. We are moving to 5M chart next.
trix forex trading system 2
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The TRIX is a leading indicator and can be used to anticipate turning points in a trend through its
divergence with the security price. Likewise, it is common to plot a moving average with a
smaller period (such as 9) and use it as a “signal line” to anticipate where the TRIX is heading.
TRIX line crossovers with its “signal line” can be used as buy/sell signals as well.
We are now on 15M chart to confirm that we have a valid buy signal.
We LSD……look…see…decide
WE see a BUY signal. Part 2 of the puzzle is completed. 60M long 15M long Now leave the
15M alone, it has done its job. We are moving to 5M chart next.