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C4 Scalping

  • #281
  • Jul 13, 2009 11:36am Jul 13, 2009 11:36am
As Edge insisted that we should start with 4 and not 1-2 pairs, I did that too. But, as a swing trader by my nature I tried to catch more than 10 pips per trade. So, I took only one trade per pair and the result was not much different from those who went for 10 pips per trade I had +12 on GU, +11 on AU and -15 on EU, and the best one was EJ that gave +34. I attach the chart describing the last one. I trailed the stop through swing highs/lows and could have a bigger win but then PA turned back against me.
I will continue my style and am waiting for stronger and more straight trends
Attached Image (click to enlarge)
Click to Enlarge Name: EJ.gif Size: 58 KB
  • #282
  • Jul 13, 2009 11:42am Jul 13, 2009 11:42am
Quoting Chris_B
Hi Anne!!

It seems that you are a very good trader ;-)

Better than me....

Your results are manual or with EA??

My EA on 1H today failed a bit...some false signal...
Hi Chris

You could say "EA assisted". I can't bear watching charts waiting for the little green line to painfully tick into position, especially on the H1... LOL! I usually run MT minimised so I can get on with my "real work"!

So I have a little EA that just watches the indicators and yells out when there is an opportunity. Then I decide and open manually.

Anne
  • #283
  • Jul 13, 2009 11:43am Jul 13, 2009 11:43am
hi,

Good results but are you using Renko system? Not this One?

Regards.

Quoting TudorGirl
Hello Everyone,

Back from my business trip and had a very busy morning at work, so only got a couple of hours to "play" today.

Results attached. The +10s are on the M5 (well, 5-pip Renko actually but it is broadly similar action), the larger wins/loss are on the H1 plain candles.

Overall, approximately +160 and -60 so around +100 pips for the two and a bit hours. I hope that's OK.

Anne
  • #284
  • Jul 13, 2009 11:48am Jul 13, 2009 11:48am
Quoting millionaire7
hi,

Good results but are you using Renko system? Not this One?

Regards.
If you read Edge's posts, he uses Renko all the time on this system on Tradestation, which is his main platform. Renko is just a refinement, but the HA candles are also nice.

Anne
  • #285
  • Jul 13, 2009 11:53am Jul 13, 2009 11:53am
here are my results for today. been lurking/ reading posts for last week or so trying to grasp the simplicity.

Thanks Edge for the new thread and first post.... It helped clarify a lot of things.

Got everything set up and running today and only had an hour or so left to trade before 15:00

4 trades one loser + 15 pips

I am happy


Attached Image (click to enlarge)
Click to Enlarge Name: 7-13-09.jpg Size: 173 KB
  • #286
  • Jul 13, 2009 11:55am Jul 13, 2009 11:55am
Quoting TudorGirl
Hi Chris

You could say "EA assisted". I can't bear watching charts waiting for the little green line to painfully tick into position, especially on the H1... LOL! I usually run MT minimised so I can get on with my "real work"!

So I have a little EA that just watches the indicators and yells out when there is an opportunity. Then I decide and open manually.

Anne
What other signals does your EA combine besides Trix that gives alerts and popups?
  • #287
  • Jul 13, 2009 12:12pm Jul 13, 2009 12:12pm
Quoting Edgetrader
Nope, just a rectangle I put on there to identify really crappy PA.
I bet Swingman or TudorGirl could make a great one based on your specs, of what good/bad PA really is.

Here's one but I don't see the code for it. Haven't ever tried it on the 5min time frames or with this system yet either, but might be another good tool for the old tool box.
Attached File(s)
File Type: ex4 BreakOut-EAGLE_indicator.ex4   7 KB | 740 downloads
  • #288
  • Jul 13, 2009 12:20pm Jul 13, 2009 12:20pm
Quoting Indrek
What other signals does your EA combine besides Trix that gives alerts and popups?
It just looks to see if the last bar closed above/below the 12LWMA and whether the Trix(3) is above or below zero. Also, I just measure ATR to get an automated indication of TP/SL. As someone said a few posts back, on the H1 you can obviously shoot for more pips than on the M5.

Anne
  • #289
  • Jul 13, 2009 12:24pm Jul 13, 2009 12:24pm
Quoting 45Fxguy
I bet Swingman or TudorGirl could make a great one based on your specs, of what good/bad PA really is.
SwingMan is a fantastic coder - very dilligent and mathematically precise. His dashboard for the TudorGirl system (on its own thread) is a real piece of work.

If we need further indys, I am sure they can be written. But I think what we have is adequate. As Edge said, if you just look at the depth of action on the Trix over the last few swings, it is pretty clear what is moving and what isn't.

No indicator will tell you until after the fact, anyway.

Anne
  • #290
  • Jul 13, 2009 12:27pm Jul 13, 2009 12:27pm
Only loser I had today was a trade I got in late on because I was interrupted, but made the trade anyway, out of being peeved that I was just about to pull the trigger, and was interrupted. I know the lesson of never making a trade out of anger, or missing the bus, but did it anyway. Going for 10 pips, and if the pair keeps going on without me, that's fine. Used to go for a lot more & wound up worse for the wear. As Dr. Phil would ask "How's that working for you?", and it wasn't. When all signals are go on a 15 minute chart, I can just make the trade, set a TP of 10 and SL of 20, and be done with it. Every time I try to guess and close out early with less pips, I would have gotten my 10, and every time I think I'll let it ride, the bus breaks down. This way, I have somewhat of a mechanical system, and an unemotional one. If someone were to give me three guesses, they'd all be wrong.

EDIT: The newest trix by Swing Man is awesome!!
  • #291
  • Jul 13, 2009 12:34pm Jul 13, 2009 12:34pm
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...
A really good rule that will save you many pips is DONT ENTER WHEN TM AND MA ARE FLATLINING! In this example even Trix is flat.
Great Thread Edge!
Thanks
Q
The Only Constant Is Change!
  • #292
  • Jul 13, 2009 12:36pm Jul 13, 2009 12:36pm
Sorry for offtop, but I have an important qestion, about indicator more or less related with this thread - Renko bars. I have it set up at 5 pips so if the price moves more than 5 pips new rectangle should show up, but it doesnt...
Is there anything wrong with my renko indicator? Look at the attached picture: price have made 9 pips down run but new renko rectangle didnt show up. Im really worried about that.
Attached Image
  • #293
  • Jul 13, 2009 12:47pm Jul 13, 2009 12:47pm
Quoting gutek04
Sorry for offtop, but I have an important qestion, about indicator more or less related with this thread - Renko bars. I have it set up at 5 pips so if the price moves more than 5 pips new rectangle should show up, but it doesnt...
Is there anything wrong with my renko indicator? Look at the attached picture: price have made 9 pips down run but new renko rectangle didnt show up. Im really worried about that.
Nothing wrong - as the Renko is reversing! If you set 5-bar bricks, then at the end of a run up, say the price is P. The next brick will only close at P+5 or P-10. It must reverse by 2 x 5 = 10 pips for the brick to close. Remember - you can't have bricks side by side - only diagonally!!

Anne
  • #294
  • Jul 13, 2009 12:47pm Jul 13, 2009 12:47pm
Quoting gutek04
Sorry for offtop, but I have an important qestion, about indicator more or less related with this thread - Renko bars. I have it set up at 5 pips so if the price moves more than 5 pips new rectangle should show up, but it doesnt...
Is there anything wrong with my renko indicator? Look at the attached picture: price have made 9 pips down run but new renko rectangle didnt show up. Im really worried about that.
If it is a true Renko, then it will form a new brick 5 tics above or below the previous brick.
  • #295
  • Jul 13, 2009 12:47pm Jul 13, 2009 12:47pm
You will get a new 5 pip renko bar only when price has moved 5 pips above the high of the last candle or 5 pips below the low of the last candle. True renko candles never overlap.
  • #296
  • Jul 13, 2009 12:49pm Jul 13, 2009 12:49pm
Oh, well Thanks for quick answer, now I get it!
  • #297
  • Jul 13, 2009 12:50pm Jul 13, 2009 12:50pm
Quoting TudorGirl
SwingMan is a fantastic coder - very dilligent and mathematically precise. His dashboard for the TudorGirl system (on its own thread) is a real piece of work.

If we need further indys, I am sure they can be written. But I think what we have is adequate. As Edge said, if you just look at the depth of action on the Trix over the last few swings, it is pretty clear what is moving and what isn't.

No indicator will tell you until after the fact, anyway.

Anne
Good point,
Thank You...
  • #298
  • Jul 13, 2009 12:58pm Jul 13, 2009 12:58pm
Hi,

Does Metatrader has Renko charts or is it some kind of indicator.
Can you pls guide me how to get Renko for Metatrader.

Thanks.

Quoting TudorGirl
Nothing wrong - as the Renko is reversing! If you set 5-bar bricks, then at the end of a run up, say the price is P. The next brick will only close at P+5 or P-10. It must reverse by 2 x 5 = 10 pips for the brick to close. Remember - you can't have bricks side by side - only diagonally!!

Anne
  • #299
  • Jul 13, 2009 12:58pm Jul 13, 2009 12:58pm
45FXGuy, pls check your PM's. Mary4x
  • #300
  • Jul 13, 2009 1:02pm Jul 13, 2009 1:02pm
Hmmm..... I have been quite a naughty girl and I am rather worried that that stern schoolmaster Mr Edge will keep me behind after class and be rather strict with me... (better not speculate on that... LOL)

I traded way past the proper time as the system just keeps giving! Updated results attached. Another +50 making +150 ish for the day.

Anne
Attached Image (click to enlarge)
Click to Enlarge Name: mon13a.jpg Size: 145 KB
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