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C4 Scalping

  • #341
  • Jul 13, 2009 4:03pm Jul 13, 2009 4:03pm
Quoting Edgetrader
It is not the same Trix I use for my own personal trading efforts
- I do not see any difference in the charts...

- Can I post a new signal indicator now?

Just a questions: can I take the candle crosses with the MA, or the crosses of the Hashi candles?
.
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  • #342
  • Jul 13, 2009 4:12pm Jul 13, 2009 4:12pm
Quoting TudorGirl
When Isambard Kingdom Brunel built the Tamar Rail Bridge linking England to Cornwall across the wide expanse of the Tamar River, he wanted to be sure that the bridge would not fail. So he ordered some iron girders and placed the heaviest locomotoves in existence on them. If they bent, he ordered thicker girders. When the girders stopped bending, he was happy.

He then ordered girders 20 TIME THE SIZE for the bridge. That is a safely factor so astronomical that costs would prohibit it today. It was only possible at the height of an Empire that ruled...
Nope, we need continuation if you please.

Like I said in the beginning, this is not going to be a long, drawn out thread. Anything submitted that challeges a potential traders ability to focus will expedite the elimination process and we can move along rather rapidly. This is a virtual 'institution of higher learning' from my prospective. We have no time for 'time-outs- and the like. Like "Larry" say's, "Lets Git er Done!"

Highest Regards.
  • #343
  • Jul 13, 2009 4:19pm Jul 13, 2009 4:19pm
Quoting SwingMan
- I do not see any difference in the charts...

- Can I post a new signal indicator now?

Just a questions: can I take the candle crosses with the MA, or the crosses of the Hashi candles?
.
swingman can u post your indi or temp plz.....its looking good ..
FxHome
  • #344
  • Jul 13, 2009 4:19pm Jul 13, 2009 4:19pm
Quoting SwingMan
- I do not see any difference in the charts...

- Can I post a new signal indicator now?

Just a questions: can I take the candle crosses with the MA, or the crosses of the Hashi candles?
.
There is no difference in the MT4 charts. It is just not the platform I use for my own trading.

Please post whatever you feel may benefit the community. All I ask is that you show by some many of marked trade or the like how it improves what we already have.

Not sure what you mean on the 'crosses' deal. Whether regular or HA candles is not all that relevant as a PA cross of a MA is the same no matter what vehicle is used to cross with.

Regards.
  • #345
  • Jul 13, 2009 4:26pm Jul 13, 2009 4:26pm
Quoting 45Fxguy
Probably not much if your a swing trader, but did have a broker that kills accounts with giant whipsaws and margin calls, so always looking for a better broker. Finding a good trading system's only half the battle in my book finding a broker you can trust is the other half.
You were indeed blessed to have found a good broker on the 1st try, if that be the case. I looked for one about two weeks reading review sites, but had to settle on my 2nd choice because of funding options.
Maybe not the right thread to discuss brokers unless Edge wants to share...
I try to stay away from brokerage discussions as they all have pro's and con's to them.

I have mentioned many times my own preference in the past. They serve me quite well, are indifferent to what method is traded as they work by small spreads and small commissions, have top notch customer service, longevity in the industry, and unmatched charting and testing capabilities.

Are able to provide me with both Forex and Index quotes which I enjoy as my plan seems functional with either and breaks up the monotony at times.

Just me though.

Regards.
  • #346
  • Jul 13, 2009 4:34pm Jul 13, 2009 4:34pm
I have seen a few posts on this subject and the smarta.. in me simply cannot resist.

There are literally millions of Forex trader worldwide buying and selling at the same time during peak operational times.

As such, PA starts moving one way or another based upon who is winning the ongoing tug-o-war. As such, there is no method I know of, or indicator currently in the market, that will allow us to ascertain good from bad signals. We have nothing but historical PA to go on in order to develop a trading plan.

So, sadly, the only 100% accurate indi I have found to keep me out of a bad trade is to 'not trade at all'. I have not earned many pips this way, but I have not one loss to my account either.

I think we all know we are going to get some head fakes here and there. We are simply playing some probability odds here and using some decent indi's to hopefully give us a perceived edge in our trading. Nothing more, nothing less.

Regards.
  • #347
  • Edited 6:11pm Jul 13, 2009 5:24pm | Edited 6:11pm
Quoting Muhammad989
swingman can u post your indi or temp plz.....its looking good ..
OK, here the indi and the template for you!

The parameter
"WaitingTime_Minutes = 2"

means that the signals appear in chart after 2 minutes from the first:
- bar cross the MA
- TRIX change the colour


I don't know if this all is functioning, if the signals are correct, or whether there are repainting. Please test.
.
Attached Image (click to enlarge)
Click to Enlarge Name: smc4scalper.gif Size: 18 KB
Attached File(s)
File Type: tpl smC4Scalper.tpl   3 KB | 1,240 downloads
File Type: ex4 smC4Scalper Signals_v1.ex4   12 KB | 1,525 downloads
  • #348
  • Jul 13, 2009 5:33pm Jul 13, 2009 5:33pm
Hi Edge,

Great job as an instructor! I especially like your "higher education" analogy since that is my background ... but, it makes me wonder about your mid-term and final exams.

Seriously, on the previous thread you mentioned that it might be useful when working on a 5 minute chart to flip over to see the Trix value on a 1 hour chart. Do you still think that is useful? If so what parameters would you place on the 1 hour Trix?

Thanks!
  • #349
  • Jul 13, 2009 6:35pm Jul 13, 2009 6:35pm
Edge, you have out-done yourself. Very professional and informative and I thank you.

Very simple and easy system to use and I have been using the system since EUR/GBP and have been having some great results.

However, I do have a simple but yet dumb question for everyone here...

How are you guys combining the smTrix, Ventana, and Trix onto one indicator window? I don't want to copy other peoples' templates, I would like to create my own and useful way of setting things up, but I am stuck on this one little problem.

Thank you all, and Edge, thanks again!
  • #350
  • Jul 13, 2009 6:39pm Jul 13, 2009 6:39pm
Quoting TudorGirl
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
thanks for posting! please don't hesitate to share anything you feel appropriate!
change the future, not the past
  • #351
  • Jul 13, 2009 6:48pm Jul 13, 2009 6:48pm
Quoting cactus
Hi Edge,

Great job as an instructor! I especially like your "higher education" analogy since that is my background ... but, it makes me wonder about your mid-term and final exams.

Seriously, on the previous thread you mentioned that it might be useful when working on a 5 minute chart to flip over to see the Trix value on a 1 hour chart. Do you still think that is useful? If so what parameters would you place on the 1 hour Trix?

Thanks!
It is useful should a conservative trader choose to potentially increase their 'odds' by taking 5m trades only in the direction of the 1H trend (if there is one).

As for the 1H trix, settings are the same. Trix is a primary indi for developing trend and strength thereof.

Regards.
  • #352
  • Jul 13, 2009 6:53pm Jul 13, 2009 6:53pm
Quoting morpips
Edge, you have out-done yourself. Very professional and informative and I thank you.

Very simple and easy system to use and I have been using the system since EUR/GBP and have been having some great results.

However, I do have a simple but yet dumb question for everyone here...

How are you guys combining the smTrix, Ventana, and Trix onto one indicator window? I don't want to copy other peoples' templates, I would like to create my own and useful way of setting things up, but I am stuck on this one little problem.

Thank you all, and Edge,...
You no longer need the 'trix' with the SM trix as it has been shown as redundant. One less thing to worry about.

To load the indi's together, put the SM Trix on your chart first.

Next, go to view, navigator and click on 'custom indicators' so they will populate.

Simply left click on the Ventana indi and drag it into the SM Trix box.

Once there, you can right click on the indi to change any properties needed.

Regards.
  • #353
  • Jul 13, 2009 6:55pm Jul 13, 2009 6:55pm
I had a lot of very late entries today, but still did ok.
Had help from Trade asst 1.14b someone posted earlier today, along with TG's HG_0001a_MTF.

These are all micro trades .01 lots so doesn't look like much dollar wise but
need the practice on smaller lot sizes since my next broker account will
be a micro one.
I think a pip on micro is equal to about .10 cents so $6.30 should be equal to about 63 pips. Not bad for me on a Monday, & no floating losses or trades currently open.
I wasn't really watching ToR 1.2 that much today (so can't proof it) but was mostly aiming toward Trade assistant's 30 min & up directions.
ToR 1.2 does sometimes however help me keep an eye on the spreads.
I think some of the pairs I was trading today go as high as 7.
This is on a Alpairi(US) Demo account. So doesn't allow hedging, which if probably best for me at this point since I'm not experienced at hedging.
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  • #354
  • Jul 13, 2009 7:08pm Jul 13, 2009 7:08pm
Hi guys, just stopping in to say hello. I just read the first post and set up my charts for the evening. I chose to go with HK / Trend Magic and the Color Ventana.

Okay I'm going to read the thread now... All the best, let's catch some pips!
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  • #355
  • Jul 13, 2009 7:10pm Jul 13, 2009 7:10pm
Quoting revrobwimb
Nice EU +10. Worth a post. Take note of primer, detonator, plunger. 2 detonators at the bottom but only used one.

revrobwimb
OK, lots of activity on the thread today. Good opening day and hopefully a bit of clarity was provided to many trying this out.

Here is a crystal clear picture from 'Rev' and this is where we need to pick up the pace come Tuesday.

Take a minute and go and take a look at his chart shot. Notice how he initiates his trade exactly as post #1 sets forth. Also, notice how the trades are drag and drop format from his history section to his chart. This is how EVERYONE needs to put a chart on the thread. It is the single best way for new traders to see entry and exits and is a CONSTANT reaffirmation of the trading plan as they go trade to trade on the various pairs these first few days.

Now, what I really want to avoid is the question of 'how do I mark my trades?'. You cannot trade anything until you have gained proficiency in your trading platform. If you do not as of yet have this skill, you better get it pretty quick. This is a self paced class, but you at least need the skills and basic materials to participate in the classroom.

Thanks for the post Rev!!! Excellent!!!!!

Regards.
  • #356
  • Jul 13, 2009 7:17pm Jul 13, 2009 7:17pm
Quoting 45Fxguy
I had a lot of very late entries today, but still did ok.
Had help from Trade asst 1.14b someone posted earlier today, along with TG's HG_0001a_MTF.

These are all micro trades .01 lots so doesn't look like much dollar wise but
need the practice on smaller lot sizes since my next broker account will
be a micro one.
I think a pip on micro is equal to about .10 cents so $6.30 should be equal to about 63 pips. Not bad for me on a Monday, & no floating losses or trades currently open.
I wasn't really watching ToR 1.2 that much today (so can't proof...
How can you not be pleased with a lousy Monday like that? Nice indeed.

It is not about the lot sizing at this stage of the game as you know. We need to develop a seamless transition from setup recognition to trade entry and exit. Again, and I will state this again and again until everyone is thoroughly sick of the term, PROFICIENCY.

Regards.
  • #357
  • Jul 13, 2009 7:23pm Jul 13, 2009 7:23pm
The trade gets triggered if you check "Allow live trading". I've done it with the stock settings and the trades are triggered without any problem. It even figures the spread on whatever pair you're using.
What I'd like is to be able to save whatever settings I like to use, such as a Stop of 25, Take profit of 10 and each trade at X lots, instead of the .01 on this script.
If anyone knows how I can save my changes to the stock settings, and have those changes the default, I'd appreciate it. As it is, it reverts back to the stock settings even after I make the changes internally.
Quoting fxshadow
Try these
  • #358
  • Jul 13, 2009 7:27pm Jul 13, 2009 7:27pm
Quoting DarkDays
Hi guys, just stopping in to say hello. I just read the first post and set up my charts for the evening. I chose to go with HK / Trend Magic and the Color Ventana.

Okay I'm going to read the thread now... All the best, let's catch some pips!
Nice looking charts. Clean, clear and concise.

Should serve well.

OK, everyone knows tomorrow is actual classwork. I want to see trades, not questions as they have all already been answered.

Set your primer, get your detonator hot and push the plunger. Do it on EVERY signal you see until it become second nature. Focus on your work!

Remember, you are only working with the M80 explosives right now. It is still in the safe period. Once you get through mid-terms early next week (if you have not dropped out by then) we go to small C4 charges. It is not to punishing to lose a few bucks here and there. We need to rapidly establish what a traders pain threshold monetarily speaking is. That is when you really start paying attention.

Final exams are a b.... let me tell you. Very few pass.

Regards.
  • #359
  • Jul 13, 2009 8:10pm Jul 13, 2009 8:10pm
Quoting paradoxical
The trade gets triggered if you check "Allow live trading". I've done it with the stock settings and the trades are triggered without any problem. It even figures the spread on whatever pair you're using.
What I'd like is to be able to save whatever settings I like to use, such as a Stop of 25, Take profit of 10 and each trade at X lots, instead of the .01 on this script.
If anyone knows how I can save my changes to the stock settings, and have those changes the default, I'd appreciate it. As it is, it reverts back to the stock settings even after...
What exactly are they? EAs? If then, how do we operate, attach one or the other depending on trade conditions, long or short?
  • #360
  • Jul 13, 2009 8:40pm Jul 13, 2009 8:40pm
Quoting Edgetrader
Personally, I run an automated ea on the TS8 with similar presets as those promoted within this thread.

As for bread and butter indi's in a demo account, the 12 WMA is one, HA candles another and MACD set at 5,13,1 is a tolerable substitute for the Trix used here. Throw those indi's on a 5m chart and compare it to any here and it will be close enough I would think.

Regards.
Just wondering how you knew that teacher...
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