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C4 Scalping

  • #161
  • Jul 12, 2009 9:15pm Jul 12, 2009 9:15pm
I have script here for buying and selling with determine profit and stop lost, but i does not trigger a trade ... can anyone look at the script to make it work. It will be very helpful for scalping this method. TQ
Attached File(s)
File Type: mq4 mm_sell 10.mq4   3 KB | 777 downloads
File Type: mq4 mm_buy profit 10.mq4   2 KB | 767 downloads
  • #162
  • Jul 12, 2009 9:35pm Jul 12, 2009 9:35pm
Think I'm starting to get my mind around it, thanks to Edge!
Attached Image (click to enlarge)
Click to Enlarge Name: C4 scalping 1st practice trade.GIF Size: 85 KB
  • #163
  • Jul 12, 2009 9:35pm Jul 12, 2009 9:35pm
Sometimes the smTrix indicator "Flatlines".
See attached chart where the red bars are not visible.
This happens on different pairs.
Is this normal, or am I doing something wrong? Thanks.
Attached Image
  • #164
  • Jul 12, 2009 9:41pm Jul 12, 2009 9:41pm
where thought goes energy flows
  • #165
  • Jul 12, 2009 10:17pm Jul 12, 2009 10:17pm
Just wondering if there is a mq4 version of the MA_color_ventana.ex4 file? Just putting together an indicator, but when using iCustom, it returns the actual value on the chart and not the colour code at that particular time.

Thanks
  • #166
  • Jul 12, 2009 10:17pm Jul 12, 2009 10:17pm
Missed the initial drop on EU, but got in on the second down move, also jumped on the second EJ down move. Will be back for the London session.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Jul. 13 13.09.png Size: 45 KB
  • #167
  • Jul 12, 2009 10:17pm Jul 12, 2009 10:17pm
Overall, it seems Sunday has produced enough PA to get a general feel for pushing the plunger. Am pleased that some are responsive to the methodology.

Have an 'ea' set up on my TS8 platform that will provide me some 'live' information on the Asian/London overlapping time and want to see how productive that time period actually is.

Backtesting that time was completed this weekend and results are about -7 % off that of the time I trade. That is very, very encouraging as I know many of you are not able to trade the same time I do. Having the potential for 2 productice 3-4 hour periods to trqade daily will really enable so many more folks to give it a go.

Anyway, everyone have a good evening and will check in tomorrow morning.

Regards.
  • #168
  • Jul 12, 2009 10:20pm Jul 12, 2009 10:20pm
Quoting michaelB
Sometimes the smTrix indicator "Flatlines".
See attached chart where the red bars are not visible.
This happens on different pairs.
Is this normal, or am I doing something wrong? Thanks.
That SM Trix needs the input settings to be 3,0,false,1500. It appears to be set at 12,3 which is the LWMA ' Veranda' settings.

Regards.
  • #169
  • Jul 12, 2009 11:45pm Jul 12, 2009 11:45pm
Quoting Edgetrader
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.
When saying that we should try both, I meant that in some trades we should use TM and in others LWMA to see how they work. Not at the same trade, of course.
Attached is a chart where I marked with a yellow line the situation where Trix and LWMA gave the signal but either TM or Ventana did not yet. If we would use TM as a primer and Trix as a trigger then we had the detonator's signal first.
Attached Image (click to enlarge)
Click to Enlarge Name: example trigger first.gif Size: 63 KB
  • #170
  • Jul 13, 2009 1:02am Jul 13, 2009 1:02am
Quoting 4xStar
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...
Thanks for the spreadsheet-it's a fabulous goal-shoot for the stars. And not complicated.
Year of the Dragon Wise Choices-Good Fortune!
  • #171
  • Jul 13, 2009 1:52am Jul 13, 2009 1:52am
I got my first 10. I entered GU at 6100 and TP of 6085. 5 to the spread. I waited for a retracement and whichever pair showed the retrace first would be the play.
The four recommended pairs are in a down trend on the H1.
Attached Image (click to enlarge)
Click to Enlarge Name: gu-c4.gif Size: 33 KB
Year of the Dragon Wise Choices-Good Fortune!
  • #172
  • Jul 13, 2009 4:02am Jul 13, 2009 4:02am
this is my 3 entry ,not bad for my I could 3 x10 pips but I take 1 x10 , 1 x7 1x5
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usd.jpg Size: 201 KB
Click to Enlarge Name: aud.jpg Size: 200 KB
Click to Enlarge Name: eu.jpg Size: 196 KB
  • #173
  • Jul 13, 2009 4:06am Jul 13, 2009 4:06am
Nice 45 pips this morning, and even missed a few other trades! Does this mean i'm done for the day then
Attached Image (click to enlarge)
Click to Enlarge Name: 13-July AM.jpg Size: 180 KB
  • #174
  • Jul 13, 2009 4:21am Jul 13, 2009 4:21am
Done for the day! Almost the same entries as Ozz on EU & AU
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Jul. 13 19.11.png Size: 37 KB
  • #175
  • Jul 13, 2009 4:54am Jul 13, 2009 4:54am
Quoting Turbobzik
this is my 3 entry ,not bad for my I could 3 x10 pips but I take 1 x10 , 1 x7 1x5
you could have at least put a SL
  • #176
  • Jul 13, 2009 5:01am Jul 13, 2009 5:01am
what do u think the best SL would be ?
Thanks,
  • #177
  • Jul 13, 2009 5:14am Jul 13, 2009 5:14am
here I guess I took a bad trade or I made some mistakes ... ???
http://img199.imageshack.us/img199/1452/eu5m.gif
Out -18 pip, when I've seen a lime colour...
  • #178
  • Jul 13, 2009 5:17am Jul 13, 2009 5:17am
Hey Edge do you have a rule for re-entry? or do you even recommend it at all.
Quoting Edgetrader
Overall, it seems Sunday has produced enough PA to get a general feel for pushing the plunger. Am pleased that some are responsive to the methodology.

Have an 'ea' set up on my TS8 platform that will provide me some 'live' information on the Asian/London overlapping time and want to see how productive that time period actually is.

Backtesting that time was completed this weekend and results are about -7 % off that of the time I trade. That is very, very encouraging as I know many of you are not able to trade the same time I do. Having the potential...
  • #179
  • Jul 13, 2009 5:48am Jul 13, 2009 5:48am
Tomykos,
You took a trade against Trend of the Moment, (TOM).
Take notice of higher TF's before you take the trade.
Try to go with the current PA direction.
It will help avoid taking a Counter Trend Trade. (CT), out of position.
Hope this helps your trading,
Cliff

Quoting tomykas
here I guess I took a bad trade or I made some mistakes ... ???
http://img199.imageshack.us/img199/1452/eu5m.gif
Out -18 pip, when I've seen a lime colour...
I get exercise just pushing my luck
  • #180
  • Jul 13, 2009 5:54am Jul 13, 2009 5:54am
Quoting forexisfx
you could have at least put a SL
yes, you are right but I am happy that I start today 13 good
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