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C4 Scalping

  • #361
  • Jul 13, 2009 8:55pm Jul 13, 2009 8:55pm
i may have something to contribute here.

a possible rule: when the TRIX signals, before initiating a trade, confirm that there are no more than 2 Heiken Ashi up candles (BUY) or 2 Heiken Ashi down candles (SELL) before current candle.

this seems to help filter false signals. a reason for this could be that getting in early on the trend gives the trade a greater chance of succeeding.

also i have been eliminating signals where price is more than 10-12 pips (usually) away from 14 LWMA. cheers
Attached Image (click to enlarge)
Click to Enlarge Name: trade example.gif Size: 35 KB
change the future, not the past
  • #362
  • Jul 13, 2009 9:27pm Jul 13, 2009 9:27pm
I think these are some good suggestions for traders ready to
further refine their trading.. I think both these points suggested
make sure you are getting in the trend early more often that
not and overall are good ideas.

Brian

Quoting 137
i may have something to contribute here.

a possible rule: when the TRIX signals, before initiating a trade, confirm that there are no more than 2 Heiken Ashi up candles (BUY) or 2 Heiken Ashi down candles (SELL) before current candle.

this seems to help filter false signals. a reason for this could be that getting in early on the trend gives the trade a greater chance of succeeding.

also i have been eliminating signals where price is more than 10-12 pips (usually) away from 14 LWMA. cheers
  • #363
  • Jul 13, 2009 9:29pm Jul 13, 2009 9:29pm
Quoting fxshadow
Try these
TQ. It works but need user input to trigger trade.
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...
I second that. If assign a hot key to it the execution will be very fast and smooth indeed.

Quoting michaelhryu
What exactly are they? EAs? If then, how do we operate, attach one or the other depending on trade conditions, long or short?
They are scripts. Installed them under expert/script. To go long or short rightclick on the script and chose ‘execute on the chart’ or you can drag and drop the script on the chart ….
  • #364
  • Jul 13, 2009 9:30pm Jul 13, 2009 9:30pm
Hi 137,

yes i've noticed that too today (2 candles). Will examine it further when London sessions starts.
I never take a signal if the price is already too far away from LWMA because my (mental) SL is usually set on close of the candle on the opposite side of the LWMA. So when i get a signal and the price is still near the LWMA, it "feels" a bit safer because my SL isn't too far away.



Quoting 137
i may have something to contribute here.

a possible rule: when the TRIX signals, before initiating a trade, confirm that there are no more than 2 Heiken Ashi up candles (BUY) or 2 Heiken Ashi down candles (SELL) before current candle.

this seems to help filter false signals. a reason for this could be that getting in early on the trend gives the trade a greater chance of succeeding.

also i have been eliminating signals where price is more than 10-12 pips (usually) away from 14 LWMA. cheers
  • #365
  • Jul 13, 2009 9:41pm Jul 13, 2009 9:41pm
The scripts aren't all that bad to use. Really only takes a few seconds to input the lot size I want, and change the Stop loss, and then click "Allow Live trading". Better than not using the script at all, because it automatically will enter the TP and SL (including spread). While it would be nice to be able to change the stock entries, I'm not complaining.
Quoting lurahemas
TQ. It works but need user input to trigger trade.

I second that. If assign a hot key to it the execution will be very fast and smooth indeed.


They are scripts. Installed them under expert/script. To go long or short rightclick on the script and chose ‘execute on the chart’ or you can drag and drop the script on the chart ….
  • #366
  • Jul 13, 2009 9:42pm Jul 13, 2009 9:42pm
Very good observation. I'm sure we'll all be looking to see if you have something there.
Quoting 137
i may have something to contribute here.

a possible rule: when the TRIX signals, before initiating a trade, confirm that there are no more than 2 Heiken Ashi up candles (BUY) or 2 Heiken Ashi down candles (SELL) before current candle.

this seems to help filter false signals. a reason for this could be that getting in early on the trend gives the trade a greater chance of succeeding.

also i have been eliminating signals where price is more than 10-12 pips (usually) away from 14 LWMA. cheers
  • #367
  • Jul 13, 2009 9:44pm Jul 13, 2009 9:44pm
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...
From navigator right click on the script and select modify. From editor change lots, SL, TP click modify. The defaults have been changed.
  • #368
  • Jul 13, 2009 10:07pm Jul 13, 2009 10:07pm
I don't think this can be modified. Have tried it.
Quoting fxshadow
From navigator right click on the script and select modify. From editor change lots, SL, TP click modify. The defaults have been changed.
  • #369
  • Jul 13, 2009 10:11pm Jul 13, 2009 10:11pm
Quoting paradoxical
I don't think this can be modified. Have tried it.
If we are talking about the Market scripts by steve, then yes they can be modified. What lot size, TP, and SL do you want?
  • #370
  • Jul 13, 2009 10:52pm Jul 13, 2009 10:52pm
I want 1 lot and a TP of 10 and a SL of 21 (just to be different)
Quoting fxshadow
If we are talking about the Market scripts by steve, then yes they can be modified. What lot size, TP, and SL do you want?
  • #371
  • Jul 13, 2009 11:01pm Jul 13, 2009 11:01pm
Sorry, I'm trading from a 15M chart.
Hope thats not a problem
Attached Image (click to enlarge)
Click to Enlarge Name: dxtrade.gif Size: 25 KB
"The only successful substitute for brains is silence."
  • #372
  • Jul 13, 2009 11:06pm Jul 13, 2009 11:06pm
Quoting paradoxical
I want 1 lot and a TP of 10 and a SL of 21 (just to be different)
These are mq4 so they will be a lot easier to modify
Attached File(s)
File Type: mq4 Market long by Steve.mq4   2 KB | 713 downloads
File Type: mq4 Market short by Steve.mq4   2 KB | 702 downloads
  • #373
  • Jul 14, 2009 12:22am Jul 14, 2009 12:22am
Quoting chojnak
Edge,

Nice system, thank you for your work

But, as always, we have the standard problem with false signals like this.
Well, trix turned to red, trend magic turned to red, the candle closed below trend magic line - ideal situation to trade short. As we can see it at attached picture, it was a false signal.

Any idea how to eliminate false singals ? Maybe some kind of moving average?
Trade with high time frame trend's direction ?

PS. Sorry for my english, it's not my primary language.
Also trying to filter out bad signals...but have decided the best way maybe just looking at the 1HR & 4HR charts to see over all trend and only take trades in that direction...I will test this weekend to see how it works out....Over all though Edge has made a very simple system that if studied and traded as such looks to be a promising system....Thanks Edge..
  • #374
  • Jul 14, 2009 12:28am Jul 14, 2009 12:28am
A nice run on EJ as well... still in with about +50.... couldn't resist
Attached Image (click to enlarge)
Click to Enlarge Name: dxtrade.gif Size: 26 KB
"The only successful substitute for brains is silence."
  • #375
  • Jul 14, 2009 12:38am Jul 14, 2009 12:38am
Thanks Edge...very simple....Will follow the Eur tonight...
Attached Image (click to enlarge)
Click to Enlarge Name: eur.gif Size: 26 KB
  • #376
  • Jul 14, 2009 12:50am Jul 14, 2009 12:50am
I changed the ventana to the settings stated in first post after I realized I didn't have it set correctly from viewing other charts.
I entered E-J buy @ 130.44 and let it go @ 130.32 for a loss of 12 pips.
Another pair w/high spread. The most I could have profited in the short time was +3.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: e-yen2.gif Size: 35 KB
Click to Enlarge Name: e-yen2b.gif Size: 32 KB
Year of the Dragon Wise Choices-Good Fortune!
  • #377
  • Jul 14, 2009 1:05am Jul 14, 2009 1:05am
Quoting chanchu
I changed the ventana to the settings stated in first post after I realized I didn't have it set correctly from viewing other charts.
I entered E-J buy @ 130.44 and let it go @ 130.32 for a loss of 12 pips.
Another pair w/high spread. The most I could have profited in the short time was +3.
Why did you enter where you did?
Was that a re-entry?

You should have entered here:
Attached Image (click to enlarge)
Click to Enlarge Name: e-yen2.gif Size: 26 KB
"The only successful substitute for brains is silence."
  • #378
  • Jul 14, 2009 1:19am Jul 14, 2009 1:19am
these are the 2 scripts I use and there very nice because on my bigger account they will open trades with a set money management . But I just use these 2 to open trades. I have a ea running that manages all open trades.
Attached File(s)
File Type: mq4 Buy with 14 PIP SL.mq4   2 KB | 817 downloads
File Type: mq4 Sell with 14 PIP SL.mq4   2 KB | 816 downloads
  • #379
  • Jul 14, 2009 1:20am Jul 14, 2009 1:20am
Quoting SwingMan
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.
.
Very nice indicator! But if to look at its signals and compare them with signals of Trix then it is easy to see that they match absolutely.
May we make a conclusion that Trix (3) and LWMA14 or LWMA12 duplicate each other in most cases? It would mean that if we use one as a primer and other as a trigger then, in fact, we use only one indicator?
  • #380
  • Jul 14, 2009 1:28am Jul 14, 2009 1:28am
Took the EU. It was a late entry. but I squeezed 4 out of it. Also switched to the HA to see if I like it. I'm not sure of the advantage to regular candles.
Entry:1.3999 Exit: 1.4004
A little more daring and quickness b/c after review I see I the 10.
Attached Image (click to enlarge)
Click to Enlarge Name: e-$3a.gif Size: 38 KB
Year of the Dragon Wise Choices-Good Fortune!
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