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C4 Scalping

  • #141
  • Jul 12, 2009 12:04pm Jul 12, 2009 12:04pm
It also might depend on which web browser he's using.
I usually use Google Chrome when viewing a forum, and it doesn't ask you where you want to save a file but puts it straight into it's downloads folder.
He also needs to know that the ex4 is the already compiled version of the indicator and the mq4 is the source code. The nice guys/gals post their source code thus it's sort of open source so others can make improvements/changes or mistakes to it. I don't think you have to compile the:nerd: code for MT4 to use it but guess it may run faster if you do. Correct me if I'm wrong guys/gals....
  • #142
  • Jul 12, 2009 12:05pm Jul 12, 2009 12:05pm
Quoting SwingMan
I have found that discussions about TRIX variants are undesirable, so I would like to post only a chart with few variants, without comments.
.
Nice work. Thanks!
  • #143
  • Jul 12, 2009 12:09pm Jul 12, 2009 12:09pm
Quoting SwingMan

I think for the attachements in this forum it must be the left mouse button...!

On my mouse it is the right one .. the left one would try to open the attachment.
******************* I'd rather make money than be right.
  • #144
  • Jul 12, 2009 12:12pm Jul 12, 2009 12:12pm
Quoting trademeister
OK", still can't get it. I notice the ventana says 'ex.4' and the others say 'mq4' . I don't know why I cant get it.
You need to describe the steps you take to put it in your MT4 .. from first seeing it in the post, how do you transfer it to your indicators folder?

And which browser are you using (as 45FX says, that could make a difference as well)
******************* I'd rather make money than be right.
  • #145
  • Jul 12, 2009 12:13pm Jul 12, 2009 12:13pm
Quoting SwingMan

I think for the attachements in this forum it must be the left mouse button...!

OK, just checked, it is 6 of one, half dozen of the other.
Right click brings up menu with save target as...
Left click brings up a prompt box with option to save
either way it can be saved direct to experts>>indicators folder.
******************* I'd rather make money than be right.
  • #146
  • Jul 12, 2009 12:30pm Jul 12, 2009 12:30pm
I just re-read Edge's first post & as a result deleted some indicators from my chart which ahd already gotten too many on it! He says ONE primer and ONE trigger .. choose one from each list.

So with new charts up, my primer = 12 wma and trigger = Trix, I looked at 5 min chart for Friday.
First I marked off the starting time & ending time with thick vertical lines.
Then I switched to daily, then 4 h, then 1 h timeframe to see what the pair has been doing in the bigger picture.
In a couple of cases, shorting the rallies looked the stronger trade, but in the other 2 pair it was ambiguous. Plus we are only going for 10 pip moves.

Then I marked with vertical lines the place where my indicators would have signaled a trade. I found 11 trades among the 4 pair, at these times: (Alpari broker time, not important the exact time, just to show the space between trades)

13:35 EJ
13:50 GU
14:40, AU
14:45, GU
15:35 EU
16:40 EJ and AU
17:00 GU
17:10 EU
17:40 EJ
17:50 EU

Going by the signals I would have taken there were no losing trades.

One of my big mistakes last week, I believe, was not being FOCUSED on my charts during the brief window of trading time. Under 5 hours, you might need one bathroom break and a couple of stretch breaks, but otherwise it is just a matter of staying focused.
Being a Gemini, I tend to multi-task a lot. In fact each of my personalities multi-tasks .. but I see I will have to stop the side activities and just pay attention to my monitor.
5 trades were in the bag 2-1/2 hours after begin .. maybe Edge would just stop then as he had his 50 pips for the day.

I will re-attach Excel spreadsheet to show what happens if you start with a $100 micro account and just do 50 pips a day, 22 trading days a month, for 9 months, with increasing lot size as acct balance increases.
Don't forget in real life you will have to factor in capital gains taxes
But still .. turning $100 into the mid 5 figures in 9 months ain't bad!

10 pips a trade, net 5 good trades a day, that's all it takes...
Attached File(s)
File Type: xls 50 PIPS A DAY.xls   49 KB | 1,542 downloads
******************* I'd rather make money than be right.
  • #147
  • Jul 12, 2009 12:41pm Jul 12, 2009 12:41pm
This template may help a few. It has Ventana, SM Trix, Trix already on it.

Also, some light reading for those who care. Many have seen this before but it is still a worthwhile reference for trading.

Numbers 5 and 21 are inapplicable to this method but still is useful.

Also, have attached a minor study to entice the mathematicians curiosity out there. This stuff is far beyond my own research but is none the less viable as I am a firm believer in probability theory to begin with.

Maybe someone with a much sharper mind can glean some info from such that can be concisely related to the community in layman's terms.

Regards.
Attached File(s)
File Type: tpl 1 H.tpl   34 KB | 1,665 downloads
File Type: pdf mantra[1].pdf   122 KB | 2,061 downloads
File Type: pdf Quantum Research - Forex Cheat Sheet[1].pdf   322 KB | 2,696 downloads
  • #148
  • Jul 12, 2009 12:42pm Jul 12, 2009 12:42pm
Austrian,
Only got one doobie???....NOOOOOOOOO!!!
Say it ain't so, Austrian! Say it ain't so!

Quoting MIA_Austrian
You may be right but he said "I seek only enough trades to allow me to reach +2/-4% to account balance daily."
[size=3][color=purple][size=1]
I assume the "/" is the thing that separates the +2 and -4.

[size=3][color=purple]This has just devolved into a utterly pointless argument. Newbies have to learn for themselves what to listen to and what to ignore. Let's just focus...
I get exercise just pushing my luck
  • #149
  • Edited 1:03pm Jul 12, 2009 1:01pm | Edited 1:03pm
Edgetrader, can you please let me know if my chart is correct. My one primer that I picked in Trend Magic and my detonator is smTrix. If I'm missing something please let me know. I'm only showing E/U because I'm not good enough to trade multiple pairs yet so I will stick with the pair I am the most comfortable with.

I've also attached the Heikin Ashi candlesticks, since you said they were highly suggested and I like them too. So I'm not sure if that's two primers instead of one since I'm using Trend Magic also.
Attached Image (click to enlarge)
Click to Enlarge Name: C4 Scalping Chart.png Size: 66 KB
  • #150
  • Jul 12, 2009 1:21pm Jul 12, 2009 1:21pm
Quoting 4xStar
I just re-read Edge's first post & as a result deleted some indicators from my chart which ahd already gotten too many on it! He says ONE primer and ONE trigger .. choose one from each list.

So with new charts up, my primer = 12 wma and trigger = Trix, I looked at 5 min chart for Friday.
First I marked off the starting time & ending time with thick vertical lines.
Then I switched to daily, then 4 h, then 1 h timeframe to see what the pair has been doing in the bigger picture.
[b]In a couple of cases, shorting the rallies looked the stronger...
Nice post here 'Professor'.

First off, Friday's are NOT the best trading days. Still, it is easily seen that the methodology has merit. Yes, it is all in 20/20 hindsight, however, that is what we normally use to develop a trading plan. Simple historical data showing repetitive PA over and over again. Forward testing is also important for those trying out a system. That said, we are fortunate to be able to do this initially on the 5m. In a weeks time, there will be sufficient opportunity to monitor PA consistent enough to provide numerous trading opportunities. Also, 'no losing trades' is obviously a bonus to the day. You all know that we are going to have some losers. Still, nice to see those good setups and follow-through even when backtesting.

Next, it is a long recognized fact that trading a smaller TF in the direction of a larger TF is a prudent trading practice. As mentioned in her post, going after 10 pips does not require one to stay upper TF trend focused. What we are seeking here are 'troughs' that have about 17-25 pip from floor to ceiling depending upon which pair you are trading. In a single word, you want smooth wavelike OSCILLATION. It is the PA that makes the plan effective. Those indi's we use only confirm that PA is cooperating. Simple as that.

Yes indeed, I would have stopped well before 50 pips. As shown previously, I run a four (4) chart setup and the 'detonation' points on the pairs usually are close to one another. Within 10 minutes is common.

As such, I focus on getting into a trade as quickly as possible and shooting for the +10's as fast as market PA will allow. If fortunate enough to hit this on an opening set of trades, I am done for the day. Again, I am done for the day. I have some things to do that interest me more than looking a gift horse in the mouth and allowing him (Forex Market) take back what has so generously been provided. That is just what I do.

I am well aware that this week especially, there will be many of you taking as many setups as possible. That is expected and promoted. This is an acquired skill and the more setups you take, the quicker you will ascertain if this methodology fits your trading psyche.

Have a little fun with the damn thing!!!! Go out there, lay some primers, get those detonators hot and blow the crap out of some pips every chance you get. It's not like this is going to kill you this week. These are just M80 detonators in your gear bags right now. It takes some measure of proficiency to earn a brick of C4.

Lastly, save the spreadsheet attached by 'Prof'.. It is a very good map of where a trader starts with a small capital expenditure and builds it through the use of the most powerful force in the universe. COMPOUNDING. Someone a hell of a lot smarter than me discovered that little gem. I just am inclined to believe those who have 'proofed-up' their theories beyond reasonable doubt.

Regards.
  • #151
  • Jul 12, 2009 1:32pm Jul 12, 2009 1:32pm
Quoting Siuol
Edgetrader, can you please let me know if my chart is correct. My one primer that I picked in Trend Magic and my detonator is smTrix. If I'm missing something please let me know. I'm only showing E/U because I'm not good enough to trade multiple pairs yet so I will stick with the pair I am the most comfortable with.

I've also attached the Heikin Ashi candlesticks, since you said they were highly suggested and I like them too. So I'm not sure if that's two primers instead of one since I'm using Trend Magic also.
Very visually soothing chart there. Nice and relaxing.

Make sure the TM indi is set at 10/20 and NOT the default setting of 50/5. It acts very close to that of a 14 WMA. As such, simply watch the color change (primer) and confirm with SM Trix (detonator). Push that plunger!!

I still think having MULTIPLE pairs is the way to go here. It is training week and following one pair is really going to limit your efforts. In addition, the EU is a very mild pair. There are others with PA to runs at warp speed compared to the EU. Get as many setups under your belt for the first week as you can. We are not looking for productivity right now. We need recognition and proficiency setting the traps first.

In short, challenge yourself and train (trade) HARD this week. You can accomplish in a week what takes others months.

Nice work there.

Regards.
  • #152
  • Jul 12, 2009 2:37pm Jul 12, 2009 2:37pm
Thanks. I'm only 26 but don't have the best eyes so I really keep my charts very soothing.

As for your suggestions and advice, I will take it. I will add the other three pairs. I will keep the same primers and detonators as I like them and it will allow for me to spot the setups easier (keeping things the same and simple is the way for me). I will train hard like you said and watch the explosions leave tons of debris (pips) in my account!

Thanks for sharing this method with us.

Quoting Edgetrader
Very visually soothing chart there. Nice and relaxing.

Make sure the TM indi is set at 10/20 and NOT the default setting of 50/5. It acts very close to that of a 14 WMA. As such, simply watch the color change (primer) and confirm with SM Trix (detonator). Push that plunger!!

I still think having MULTIPLE pairs is the way to go here. It is training week and following one pair is really going to limit your efforts. In addition, the EU is a very mild pair. There are others with PA to runs at warp speed compared to the EU. Get as many setups under...
  • #153
  • Jul 12, 2009 3:37pm Jul 12, 2009 3:37pm
Quoting Siuol
Thanks. I'm only 26 but don't have the best eyes so I really keep my charts very soothing.

As for your suggestions and advice, I will take it. I will add the other three pairs. I will keep the same primers and detonators as I like them and it will allow for me to spot the setups easier (keeping things the same and simple is the way for me). I will train hard like you said and watch the explosions leave tons of debris (pips) in my account!

Thanks for sharing this method with us.
I think that it would be a good idea to try both primers. Somehow, it seems to me that TrendMagic with suggested settings changes colour earlier than LWMA12. But we will see starting tomorrow
Edge, I wanted to ask one more question: if there is a Trix signal but primer has not confirmed it yet, do you enter or wait next bar to close or just wait for another signal?
  • #154
  • Jul 12, 2009 6:22pm Jul 12, 2009 6:22pm
Quoting Indrek
I think that it would be a good idea to try both primers. Somehow, it seems to me that TrendMagic with suggested settings changes colour earlier than LWMA12. But we will see starting tomorrow
Edge, I wanted to ask one more question: if there is a Trix signal but primer has not confirmed it yet, do you enter or wait next bar to close or just wait for another signal?
You are not using two primers here.

Trend Magic is a 'primer'.

LWMA ('Ventana') is a 'detonator'.

As to your question, I have never seen a setup where a 'detonator' goes off before a 'primer'. Can you provide a chart shot example of such? Would definately be something we need to take a look at.

Was doing a little recon work at market open today. No volatility of course, but still signals present themselves. Just dropped the targets 50% and see if things work out is all you can do in such thin market conditions.

Still, a modest $10k account traded at +2% and -4% levels and it does not take long to reach preset goals many days.

Used as different primer and detonator for each pair and still managed to scrape out a few pips.

Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: alpari.jpg Size: 190 KB
  • #155
  • Jul 12, 2009 7:07pm Jul 12, 2009 7:07pm
Hi Edge
First trade for 10 points . chart and ac attached.
Please tell me , do you wait for any touch/piercing or break of the t/magic line when the other two conditions are met or do you just go for it.
Thanks
Andy
Attached Image (click to enlarge)
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  • #156
  • Jul 12, 2009 7:29pm Jul 12, 2009 7:29pm
Quoting andypips
Hi Edge
First trade for 10 points . chart and ac attached.
Please tell me , do you wait for any touch/piercing or break of the t/magic line when the other two conditions are met or do you just go for it.
Thanks
Andy
Nice to start off on a winning note huh? Nothing like a confidence booster on a lazy Sunday evening.

No, TM is a primer only. It should not be used as a substitute for a MA in this plan.

Regards
  • #157
  • Jul 12, 2009 8:45pm Jul 12, 2009 8:45pm
OK, so maybe it is Pop! Pop! Not using full detonaters yet.

.... I couldn't wait for morning either and tried a quickie on GU short for -10 and AU long for +6.

Primer was close above/below 12 wma and trigger was the TRIX. Had to have a bit of patience with AU but I just set tp at +6 and walked away since it was in demo acct.

This is going to be fun ...
******************* I'd rather make money than be right.
  • #158
  • Jul 12, 2009 8:54pm Jul 12, 2009 8:54pm
I have been quietly following the trend magic threads for the last few weeks and have decided to get serious and publish my charts.

I try for 2 - 4 trades during the first 3 hours of Tokyo as I am resident there and follow on during the day with the Asian/London and London/US overlaps. Target is 10 pips a trade and between 5 - 10 trades a day.

T/P is 10 pips and SL just below the latest swing low or 25 pips, whichever comes first.

Regards and thanks for your help and inspiration.

Dave W
Attached Image(s) (click to enlarge)
Click to Enlarge Name: c4 july13 asian.gif Size: 31 KB
Click to Enlarge Name: c4 july13 asian1.gif Size: 31 KB
  • #159
  • Edited 9:37pm Jul 12, 2009 9:02pm | Edited 9:37pm
Hi All, For the past few weeks I've been using this "Primer & Detonator +10" method & i'm extremely impressed with the results. Here is a EJ trade from a few minutes ago. Big thanks to Edge for sharing this simple but effective concept. Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_02 Jul. 13 11.48.png Size: 35 KB
  • #160
  • Jul 12, 2009 9:10pm Jul 12, 2009 9:10pm
Two trades tonight, EU and AU, +10 each, not bad for a slow Sunday night.
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