Genesis Matrix Trading System For MT4 Intro
Today we have the tough Genesis Matrix Trading System For MT4 to make you learn more about it as per your requests. We have the Genesis Matrix Trading System For MT4 set up on the hourly time frame for the Euro versus the United States Dollar as you can see the chart is rich with all the things on it as it has two versions of the stoch plus the ASC Trend.
The chart also contains floating support and resistance levels with different power for each with one moving averages five expo and the second lines is for the Heiken Ashi candles. Thus, you need to know that this Genesis Matrix Trading System For MT4 is a big enemy of the japanese candles and you can't use the Genesis Matrix Trading System For MT4 if you don't want to get used to using the Heiken Ashi candles.
Let us talk about the Genesis Matrix Trading System For MT4 features and explain each indicator to you.
The first thing the Genesis Matrix Trading System For MT4 is using is the pivot points, or prices. As you can see in the screenshot there are floating support and resistance levels which means these levels you can trade on after one month, for example, these are real time trading levels then expire. The strongest levels should be the highest level and the lowest level and the middle level which in that example is the Turquoise one.
The second that the the Genesis Matrix Trading System For MT4 is using is the exponential moving average which is a typical one hlc three with five period and two shifting.
The third thing we have on chart today is the Heiken Ashi candles and that is the main point of this article today as the Genesis Matrix Trading System For MT4 depending fully on the Heiken Ashi in trading so, let us tell you how to use the Heiken Ashi in your trading and what is the difference between it and the japanese candles in the next heading.
The Fourth thing we have today is duplicate stochastic the main one with settings of 11, three, three, and the second one with the same settings but specified to the fifteen minutes time frame.
And finally we have the ASC Trend which we will back to it.
How to use Genesis Matrix Trading System For MT4
As we told you in the previous heading we will explain to you here how to trade using the Heiken Ashi and we will also let you know the difference that is between it and the japanese candles so that you can get used to the Heiken Ashi fast and learn how to trade on it to be able to use the Genesis Matrix Trading System For MT4 correctly.
First of all, what is the Heiken Ashi in simple and short answer?
The Heiken Ashi is using a special formula to be able to get you the way it looks actually it is based on two different or period averages so that it can be able to make your chart look smoother ( the Heiken Ashi users ) claims that.
On the other side they see that the heiken ashi is better than the other types to spot the market reversals and real trends as well including the pricing data and gaps! Still, not everyone believes in the heiken ashi ( like me )
Usually heiken Ashi users use it to identify the upcoming or the current trend and they say that it is more easy to identify the trend like that than doing by the candle sticks. Talking about different candles than the japanese ones may bring up the renko to the situation also so, let us explain to you the difference between the hieken ashi and the renko candes;
The renko tries to show you the market movements based on a certain or current size and that is the only way the renko candles work and it is not associated by any chance to the time but only associated to the movements as we said. So, the renko will not give you any new dot or sign if there is no new movement in the price or the market.
Having all that said you need to know and understand that the Genesis Matrix Trading System For MT4 works the best on the small time frames which is specifically the fifteen and five minutes time frame. Nevertheless it will work for you on the other time frames but these two should give you the best results.
It is better to find a trending trading pair to trade on than trading on ranging pair while both will work but trending pairs should be safer for you.
Genesis Matrix Trading System For MT4 Pros & Cons
The first disadvantage in the Genesis Matrix Trading System For MT4 is that it works the best on the small charts so if you are not a scalper you need to have more focus while using it on higher time frames.
The biggest advantage of the Genesis Matrix Trading System For MT4 is that the system is not a repainting system. However the current status of a candle you can't rely on as it will repaint but when the candle is closed its area never repaint ( based on the Genesis Matrix Trading System For MT4 programmer sayings )
Here we would like to add a disclaimer that all the details we share is just an explaination of the main documentation to help you understanding the system in a better way but we don't add steps from our minds unless we highlight it as our own suggestion to you.
Summary of Genesis Matrix Trading System For MT4
The Genesis Matrix Trading System For MT4 seems to be good as it doesn't repaint but might be hard to use in the beginning for some traders as it is using the heiken ashi candles style and not the candles you used to trade on, otherwise you need some understanding of the price action, moving average, stochastic and then you can start testing the system as you wish.
Always remember to test on demo first!
Note: you can download the full Genesis Matrix Trading System For MT4 system from inside this article