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C4 Scalping

  • #481
  • Jul 14, 2009 9:24am Jul 14, 2009 9:24am
It's the one from mqlservices, sorry it's not free.



Quoting Jazz1964
So does anybody have a free Renko script for sharing on this thread?
The one Tex uses is great.
  • #482
  • Jul 14, 2009 9:26am Jul 14, 2009 9:26am
Me too! Was up 33, but lost 16 on the GU, at least I bailed before a total loss!

Terri
  • #483
  • Jul 14, 2009 9:34am Jul 14, 2009 9:34am
Made 30 pips today

Thanks Edge !

Steve
  • #484
  • Jul 14, 2009 9:34am Jul 14, 2009 9:34am
Quoting stav01
Do you think you could make a MTF Super Trix? Maybe in the form of a bar chart like the MTF Megatrend?
Nice idea, and here is the MTF version for you.

I do not believe strongly disturbs some people, but you're responsible.
You can also use the MTF TRIX indicator from THV forum.
.
Attached Image (click to enlarge)
Click to Enlarge Name: trixmtf.gif Size: 32 KB
Attached File(s)
File Type: ex4 smSuper TRIX_MTF_v1.ex4   11 KB | 1,168 downloads
  • #485
  • Jul 14, 2009 9:40am Jul 14, 2009 9:40am
Here my results for today:

EURUSD: +5 +5 +10 +2

Small TP because it was less volatile

GBPUSD: +10 +7 -20 +10 +2

I made a great mistake (took -20) because i have made the trade without wait the close of the candle and it was a false signal (grat lesson)

EURJPY: +10 -20 +1 +10 +1

-20 stop because of a spike before the price to go in the right direction
+ 1 because i made the same error as in GU but i fortunately could exit for a little gain

AUDUSD: -20 +10 -20 +1

the first -20 because the market was dormient and not time to trade (before 11 GMT...great lesson)
the second -20 for the same reason as GU and EJ (entry too early and signal not confirmed)

In all the last trades of the day i made few pips because the market seemed to turn ranging...so i took what the market could give me...

Total for today: +4
better than yesterday!!!!

I could make much more without those errors...but i'm learning :-)
Attached Image (click to enlarge)
Click to Enlarge Name: Chris_B_07142009.JPG Size: 120 KB
Market is like a puzzle, YOU have to fit the pieces!!
  • #486
  • Jul 14, 2009 9:41am Jul 14, 2009 9:41am
Have been in stealth mode for an hour or so.

Just reading posts and seeing how things were developing.

Very interesting stuff overnight in the thread. We have some really
top notch individuals hanging around and am glad to have ALL participating in the thread.

Have seen the ongoing battle of the minds between Anne and Swingman get fueled by a few others. Nothing dramatic, just a bit of in house stuff common among the intellectuals and is ok by me. Can be spirited at times and usually lead to having someone 'proof-up- an indi submitted for review by the community. Love that stuff!!!

Will be back in a while as it will take a bit to digest everything here and post something worthwhile imo.

Very glad to see even more looking in today than testerday. Plan may not work ALL the time, but it does work MOST of the time.

Regards.
  • #487
  • Jul 14, 2009 9:54am Jul 14, 2009 9:54am
Quoting SwingMan
Nice idea, and here is the MTF version for you.

I do not believe strongly disturbs some people, but you're responsible.
You can also use the MTF TRIX indicator from THV forum.
.
Thats great Swingman - thanks.

Edge, I think this will increase the probablity of successful trades - if the trix cross is matched by the direction in a higher timeframe - but now you can see it all in one chart!
  • #488
  • Jul 14, 2009 9:59am Jul 14, 2009 9:59am
Quoting Edgetrader
Have been in stealth mode for an hour or so.
Daddy!!
******************* I'd rather make money than be right.
  • #489
  • Jul 14, 2009 10:00am Jul 14, 2009 10:00am
Quoting ianf0ster
Hi gutek04,
Now I understand why you made the claim about the EMA cross....
Thanks to ianf0ster i've noticed that trix on mqlc renko chart is far different from the one working on normal candles, so my qestion is: Is there a trix indicator that show the same signals on renko and on candles?
  • #490
  • Jul 14, 2009 10:03am Jul 14, 2009 10:03am
Quoting SwingMan
Nice idea, and here is the MTF version for you.

I do not believe strongly disturbs some people, but you're responsible.
You can also use the MTF TRIX indicator from THV forum.
.
This one is showing the exact same pattern as the other one... how do I make it show different timeframes?
******************* I'd rather make money than be right.
  • #491
  • Jul 14, 2009 10:13am Jul 14, 2009 10:13am
Quoting tex
Hello Anne,

many thanks for your post. Just to be sure, i attached a screenshot of what i think u mean by saying watch out for divergence. Am i right ?
You are spot on there Tex. But also look at the red Trix lobe previous to the ones you marked. The PA is making lower lows, but the Trix is making higher lows.

I know everyone thinks I have a load of secret, magical indys, but all I use is the Trix. It is just that it tells you more than just the zero crossing. You can estimate oscillation depth from lobe size, you can get into a turn earlier from divergence and so on.

Anne
  • #492
  • Jul 14, 2009 10:13am Jul 14, 2009 10:13am
Quoting Pardy
Just thought I'd put up a renko chart so people can see what it looks like on mt4.

Pardy
is trix from THV that u are currently using on renko chart gives good signals? i mean the same as smTRIX on candles?
  • #493
  • Jul 14, 2009 10:16am Jul 14, 2009 10:16am
Quoting ianf0ster
- Or a script with a hotkey.
A programmer writing scripts and not sharing the script only hanging the golden carrot results on the forum. in the hope one day she may share her golden egg script with others on the forum. Getting people's hopes UP in advance ???

Swingman also a master programmer and trader....willing to share his skills upfrount and not gloating his results..... to be insulted by TG followers when he states the obvious about TG.
  • #494
  • Jul 14, 2009 10:19am Jul 14, 2009 10:19am
Quoting TudorGirl
You are spot on there Tex. But also look at the red Trix lobe previous to the ones you marked. The PA is making lower lows, but the Trix is making higher lows.

I know everyone thinks I have a load of secret, magical indys, but all I use is the Trix. It is just that it tells you more than just the zero crossing. You can estimate oscillation depth from lobe size, you can get into a turn earlier from divergence and so on.

Anne
Anne, I belive that u dont have any secrets but pls tell me how do You connect renko chart from mql with TRIX indicator, as someone have noticed it gives far way different signals than a TRIX on classic candles...
  • #495
  • Jul 14, 2009 10:26am Jul 14, 2009 10:26am
Trade recently took. NIce simple system. Thanks Edge and everyone who is helping out newbies//
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 28 KB
Yea it's Life//
  • #496
  • Jul 14, 2009 10:27am Jul 14, 2009 10:27am
Another long on GU, up +55 for the day, that's it for me. I am happy.

All I need is another 300 or so days like this and I will be ecstatic!

See y'all tomorrow.
Or maņana as we say here in Texas

Hasta luego, amigos y amigas.
******************* I'd rather make money than be right.
  • #497
  • Jul 14, 2009 10:28am Jul 14, 2009 10:28am
Quoting TudorGirl
You are spot on there Tex. But also look at the red Trix lobe previous to the ones you marked. The PA is making lower lows, but the Trix is making higher lows.

I know everyone thinks I have a load of secret, magical indys, but all I use is the Trix. It is just that it tells you more than just the zero crossing. You can estimate oscillation depth from lobe size, you can get into a turn earlier from divergence and so on.

Anne
Great info once again!

This confirms what I ascertained from your earlier post.

thanks again for your insight

Greg
  • #498
  • Jul 14, 2009 10:34am Jul 14, 2009 10:34am
Quoting gutek04
Anne, I belive that u dont have any secrets but pls tell me how do You connect renko chart from mql with TRIX indicator, as someone have noticed it gives far way different signals than a TRIX on classic candles...
That is certainly true. If you use the commercial Renko EA it gives a genuine Renko chart. This chart can the be treated like any other - you can put on indys, EA, anything you want.

But Renko is a very powerful smoother of PA. Because it ignores time, Renko action is much smoother.

Nearly all indys, Trix included, are digital filters that have a specified "constraint length", as it is known. The impulse response of the filter is a function of the quality of the data in the filter.

If you have a long period with nothing much happenning, on a conventional chart the filter (ie your indy) fills up with "noise". So the indy stops working.

With Renko, if nothing much happens for while, the chart simply stops plotting. So the data is always quality PA data and no noise. Since the indys are triggered from the chart data, they are always full of data with good SNR (signal to noise ratio).

I trade H1 etc without Renko as it is pointless at that TF but I always use it for my faster TF trading.

The really important point is that my successful trades are backed by carefully thought-out mathematical principles - they are not chance or secret knowledge! Don't just go for a Renko because that is flavour of the day. Think about what it does, how it works, and whether that will help you achieve what you want. Do you want to trigger trades sooner? Do you want to take less, but more reliable trades? etc etc.

Anything I can do to help you, just shout.

Anne
  • #499
  • Jul 14, 2009 10:35am Jul 14, 2009 10:35am
Here is chart of last trade .. very very simple.

Thanks, Edge!
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 22 KB
******************* I'd rather make money than be right.
  • #500
  • Jul 14, 2009 10:40am Jul 14, 2009 10:40am
2 more trades for the day. I dropped my TP level because it was close to lunch time US, will keep it at +5 until morning.

AUD/USD 1 B 0.78947 0.78997 5 0.50 0.00 7/14/2009 11:22 7/14/2009 11:33
GBP/USD 1 B 1.62953 1.63003 5 0.50 0.00 7/14/2009 11:15 7/14/2009 11:19
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