C4 Scalping

Nice EA Annie, when will u share it ?

Nope, its a script that u can buy as addon to mt4 it cost 30$. Type Renko mql in google and You will find it.

Anne, whats the name of ATR indicator youre using, that shows You a proper SL and TP for current time? I would like to try it. Thanks!

Don't get too excited, Tex. It is nothing special. Not even an EA really. Just an indy that tells me when a candle has closed above/below WMA and Trix is pos/neg. Just the plan as laid down. All +10s on the M5 as per instructions. The larger pippage on the H1. Just 1 pair traded (NOT as per instructions!!) Purely in development at the moment - very early days on this thread yet...

Anne

Thanks Annie for posting result. Are you only trading GU?
Thanks

I know Annie. My smilie was meant in a sarcastic manner. I just thought of the hype u triggered with your indicators

I have a problem thatthe TRIX indicator is sometimes blank like now on EURCHF. Is there an updated version. I have been through the whole thread again and can't see it. May not be a bad thing though as its difficult to make a trade if there is nothing showing?
Steve

Not a separate indy. In my home-brewed indy I just added the line:

currATR = iATR(NULL,0,14,0);

Then I say:

TP = Ask + (0.66 * currATR);
SL = Ask - (1.0 * currATR);

in the case of longs. Obviously the opposite and with Bid for shorts. I am just trying to make sure that I capture pippage based on oscillation depth, as Edge has suggested. Nothing clever here, just bog-simple MT4 coding...

Am just experimenting with different multipliers to optimise pip capture.

Annie

Yes. Another black mark from teacher!!

Anne

Well those are great news, that indicator would really help trading edges method. Becouse now i dont really know is that the "right moment" to enter trade or its to lat to do it. Cant wait to see it working.

Are the C4 traders moving the forex markets?
I noticed last couple of times whenever trix crossed the line, there
was spike in the price even before the bar closed

Monday 7/13 observations and actions.

It seems that , overall, we have some mixed results with a positive bias though. Have looked at every indi others have set forth today. Nothing really stands out, imho, that will serve as a better primer or detonator than those already in your gear bag. You can use something as simple as a quick glance to a higher TF if you want to take 5m trades only in the dominant trend direction, but that is about it.

As a change for myself, I have replaced SM Trix with his newer version and left default settings as is. Have omitted the regular Trix as per it being redundant as a previous poster made note of. As in my original materials on the EG/GP thread, I find it relatively serene trading the WMA break with Trix confirming as my primary setup.

Have also looked closely at the TM again and have noted a previous posting on have both it and Veranda MA showing strength and avoiding taking trades when they are 'flat'.

With respects, I disagree to some extent. Have attached a current EU trading opportunity. As shown, the Veranda has triggered while the TM is still flat. You will have a few late entries if you wait for TM to turn up or down as a conformational indi.. That can cost you a few pips at times.

However, there is better news. As shown, you can easily see that, as PA breaks the dotted WMA, TM does indeed turn color and holds that as the move begins. As such, either the TM or WMA are excellent when used as 'primers'. Your choice as to which you wish to use. I tend to favor the WMA as it acts as a PA buffer but, again, it is your choice.

In the end, you need only a primer and detonator same as always. It is a numbers game on the 5m as mentioned several times. The more pairs monitored, the more trading opportunities to avail yourself to. With some diligent effort, we will quickly become adept at recognition, implementation and completion of a trade based upon our preferred indi combination. The +10's will remain a challenge at times. but are very useful TP targets at this early stage.

As we progress, and start developing a real understanding of the minor probability theory aspects involved in short term trading, your trading will become less and less emotionally traumatic as more and more +10's are captured. Natural evolution when trading this methodology will eventually lead to it becoming akin to 'boring'. THAT will be a significant hurdle to have been jumped. Afterwards, the real number crunching will begin as you start the 'less is more' developmental stage.

Soon enough, you will look at trading as nothing more than a job. However, you will need on average less than 2 hours work to produce as much or more than many do in a day. As we implement the compounding action so vital to solid account growth, you should soon find yourself able to generate a weeks worth of income in those same 2 hours of work. Just keep stepping it up a notch as account balance dictates and a bit of financial freedom will be their in front of you for the taking.

All the talk about 95% losers in Forex is BS. You only hear about the losers, and that is mostly in the FF threads. Once you gain some measure of success, you will not want to spend countless hours reading thread after thread and demo trading plan after plan. The only reason you will come here is due to a natural traders instinct to try and 'pay it forward'. You will then be in the same boat as many here. You will start a thread, have good and bad posters, and hope that just a few get the plan under control and they too will then pay it forward.

Long story there, but overall we are doing pretty good and having at least a bit of fun. At least I am.

Regards.

Yeah, but allowances are being made for you to design space shuttles and submit research findings based upon planetary realignment theories. This Forex stuff just retards your natural thinking most of the time.

Trade what you wish 'Doc', you tell us when we need look at something of real urgency.

Highest Regards

GREAT post...thanks Edge!

Edge, SwingMan et al,

I tend to rely (on demo) on TM (10, 20) and smFisherTransform3nr (12).. could it be the best of both pips world !?
IMHO
Best regards

Yes, we can!

Thank you.

OK, just to show there is no ill-feeling towards the yen crosses and to satisfy myself I can watch more than one chart at once I tried the EURJPY. Bagged another +50.

Note the last trade didn't hit TP. I closed manually at 1854GMT (1954 my time) as it is almost 8pm and time for dinner!!!

Total for the day somewhere in excess of +200 pips.

Anne

Can you share your broker's name?

Who, me?

Hi All,
In the interest of snagging a few pips when the market is tight, but it may be the only time you have that day to trade, I thought I'd throw the manual ea scalper on and set it for TP at different levels depending on the PA of the moment.
6 trades taken in 40 minutes time.
5 winners
1 loser
Net pips +12
Primer is the Trix setup with the MAO showing strength of direction.
Trigger is the 14 LWMA.
This method is truly adaptable.
Thanks much, Edge.
Good trades to All,
Cliff

indicator interesting