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C4 Scalping

  • #501
  • Jul 14, 2009 10:41am Jul 14, 2009 10:41am
Quoting gutek04
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?
Hi,
The values of trix are different on Renko because the Renko candles are different - after all that is why you use them.

Since the relationship between the Renko candles and the normal candles for the same period of time is constantly changing, I don't think it is possible to get a Trix on renko to give the same value as it would on a 5min chart.

Normally it would be possible to alter the period of an MA such as Trix to get a different profile, but since we are already using such a short period (3) this does not hold out much hope. Therefore I suggest that you try one of the versions posted in this thread which can do an EMA of an EMA of an EMA and see if they give you a better detonater.

Ian
  • #502
  • Jul 14, 2009 10:46am Jul 14, 2009 10:46am
For anyone interested in testing the pretty cool all qqe indicator lrathi posted earlier..you will also need this indicator in your indicators folder
with the others posted so it works correctly.. and to prevent hug
log files of errors.. easy to fix

Brian

Quoting lrathi
1. Using divergence as a filter on smTRIX indicator for very high probability trades

2. Use of MTF indicators to filter for trades in the direction of higher TF.
a) MTF QQE or
b) MTF Mega trend aka Hull Ma or Slope Direction line.

I find 12 WMA a great PRIMER and smTRIX indicator as the trigger.However, To find a MTF WMA12 is difficult. I find Megatrend (12:3) turns faster than wma12 and there is the MTF indicator to go with it.

WAIT for PA to close above /Below Megatrend as PRIMER. Pull trigger with smTRIX arrow at CLOSE of candle.

EDGE:...
Attached File(s)
File Type: ex4 ###Gann_HiLo_Activator_v2###.ex4   2 KB | 573 downloads
  • #503
  • Jul 14, 2009 10:51am Jul 14, 2009 10:51am
Can Anne or anybody who's from the UK clarify what the exact times in British Local Time that Edge has suggested Trading this? Little confused on this.

I Definately the merit in this of trading only at the time where there is The highest amount of volatility so that way theres greater Oscillation/Movement in price and stacks the odds more in our favour.

Btw Im using ODL for my charting.

Also 1 quick question for Edge: Would it be okay to just take trades on EU and EJ instead of 4 pairs, until I get more experience pulling the trigger and building up some more capital, just incase while starting out 2 or more trades out of the 4 were to go into a loss. (whilst keeping an eye on the GU chart)

Im using 15 pips for my stoploss for both pairs to try and keep the losses small as possible. Thanks
  • #504
  • Jul 14, 2009 10:58am Jul 14, 2009 10:58am
Quoting WilteredFire
Can Anne or anybody who's from the UK clarify what the exact times in British Local Time that Edge has suggested Trading this? Little confused on this.

I Definately the merit in this of trading only at the time where there is The highest amount of volatility so that way theres greater Oscillation/Movement in price and stacks the odds more in our favour.

Btw Im using ODL for my charting.

[b]Also 1 quick question for Edge: Would it be okay to just take trades on EU and EJ instead of 4 pairs, until I get more experience pulling the trigger...
Just a small word of advice, two of my trades would have been losses (thats just today) if I had a small 15pip SL before hitting my +10. 10-15 pip spikes aren't uncommon on 5m, but 2)= are a bit uncommon. Without a little breathing room you will find you lose a bit more than you should.
  • #505
  • Jul 14, 2009 10:59am Jul 14, 2009 10:59am
Quoting golden1
For anyone interested in testing the pretty cool all qqe indicator lrathi posted earlier..you will also need this indicator in your indicators folder
with the others posted so it works correctly.. and to prevent hug
log files of errors.. easy to fix

Brian
Thanks for this. I have had this QQE indicator a while on my platform that I forgot about adding this indicator for the other to work.

AUSLANCO strategy traders use QQE since 2007 and growing.

Again QQE and MTF versions are not necessary but very reliable trend indicator ,

TRIX is a great trend indicator and MTF version posted by swingman is great. I know there is a BAR version on the THV thread too with a manual and indicators.

neither indicator repaints.....the histogram of TRIX is great to spot divergence as mentioned in my post#383.

There are hidden and regular divergences..... Please google and learn this wonderful leading alert and add to your tools.

ANY ADVANCED TRADER will inform you
1. trade with higher TF (USE some good trend indicator MTF)
2. look for divergence as a leading indicator but ONLY as an ALERT, confirm and then enter the trade.
3. Always be aware of Support and resistance (FIBS,trendlines,horizontal...to name a few)

happy trading!
  • #506
  • Jul 14, 2009 11:01am Jul 14, 2009 11:01am
[quote=WilteredFire;2873112]Can Anne or anybody who's from the UK clarify what the exact times in British Local Time that Edge has suggested Trading this? Little confused on this.

WilteredFire,

Edge states in post #1 11:00 - 15:00 GMT.

As we are BST (GMT+1) thats 12:00 16:00 UK time.

Nick
  • #507
  • Jul 14, 2009 11:05am Jul 14, 2009 11:05am
Quoting WilteredFire
Can Anne or anybody who's from the UK clarify what the exact times in British Local Time that Edge has suggested Trading this? Little confused on this.

I Definately the merit in this of trading only at the time where there is The highest amount of volatility so that way theres greater Oscillation/Movement in price and stacks the odds more in our favour.

Btw Im using ODL for my charting.

[b]Also 1 quick question for Edge: Would it be okay to just take trades on EU and EJ instead of 4 pairs, until I get more experience pulling the trigger...
This should help you solve the problem.
Cheers!
Attached File(s)
File Type: mq4 P4L Clock.mq4   18 KB | 621 downloads
  • #508
  • Jul 14, 2009 11:08am Jul 14, 2009 11:08am
Hi guys, this is my first post here and thank you all for your support and so many useful info (Edge, Swingman, TudorGirl ..) I started testing C4 on demo today and works like charm, easy to follow system, my plan is to test it on demo before I go live, wow how smart I am . So here is my statement for today's trading.

Attached Image (click to enlarge)
Click to Enlarge Name: c4_scalp.jpg Size: 92 KB


Again, thank you all and good luck with trading.
  • #509
  • Jul 14, 2009 11:21am Jul 14, 2009 11:21am
[quote=Nick'em;2873138]
Quoting WilteredFire
Can Anne or anybody who's from the UK clarify what the exact times in British Local Time that Edge has suggested Trading this? Little confused on this.

Wilteredfire,

Edge states in post #1 11:00 - 15:00 GMT.

As we are BST (GMT+1) thats 12:00 16:00 UK time.

Nick
The other timeframe that Edge suggests is:
3 - I trade this method at a set period of day. That is from 1100 to 1500 GMT. PERIOD!!!! No Questions asked!! This is the ONLY time I trade the Forex market. It has historically produced volatility sufficient enough to generate PA commensurate with trading this particular strategy.

However, I also note that the period from 0500 to 0830 GMT (= 6:00 to 09:30 BST) provides adequate volatility to also be productive. These periods are known as the London/U.S. and Asian/London overlapping times.

However since Wilteredfire is based in the UK, they have no excuse for not being able to convert GMT time into BST time.
  • #510
  • Jul 14, 2009 11:35am Jul 14, 2009 11:35am
Quoting WilteredFire
....
Also 1 quick question for Edge: Would it be okay to just take trades on EU and EJ instead of 4 pairs, until I get more experience pulling the trigger and building up some more capital, just incase while starting out 2 or more trades out of the 4 were to go into a loss. (whilst keeping an eye on the GU chart)

Im using 15 pips for my stoploss for both pairs to try and keep the losses small as possible. Thanks
I recently watched a video of a webinar by Tim Morge (of Andrews Pitchfork fame). He said that he used to make a bundle of money by betting his wad (of mainly low demonination notes) against an other trader's wad (of 20's and upwards) that he could throw a run of 10 heads in 1 hr.
He did this at the Chicago Mercantile Exchange - so the traders had no excuse for not understanding the odds!

Think about it - why do most long-term successful professionals risk at most 1% per trade?
  • #511
  • Jul 14, 2009 11:43am Jul 14, 2009 11:43am
Hi All

Afternoon (NY session) results. Around +130 to +140 pips at a guess.

I have attached my charts for those with a fascination to see my magic at work (LOL!!). I have tried to zoom in so you can see the action. I have marked the trade point with an arrow and the SL/TP in red/blue resp. Hope this helps!

All trades on GBPUSD 5-pip Renko except the EURUSD trades, which are on the H1 normal candles.

Note that I usually (but not always) trade two trades at a time. Same SL on both but sometimes different TP.

And for those who doubt my abilities at mouse clicking.... I timed myself with a stopwatch. I can open a trade dialog, enter two numbers (pre-computed) and click "Buy" or "Sell" in around 6 seconds.

So, I am afraid that opening two trades in the space of a minute is not too much for my nimble little fingers!! I don't need a "hotkey", just a little dexterity.

Total for the day, including hour and a bit this morning, around +230.

Anne
Attached Image (click to enlarge)
Click to Enlarge Name: tue14a.jpg Size: 89 KB
Attached Images
  • #512
  • Jul 14, 2009 11:52am Jul 14, 2009 11:52am
How is everyone doing with the four pairs? Anne is doing really well with GU but it's killing me. EJ is bad for me too, but EU and AU have been great.
  • #513
  • Jul 14, 2009 11:52am Jul 14, 2009 11:52am
Anne, are You using smTRIX for that renko chart or the one You have created?

Quote
Anybody here who uses live account for the training?
I think, trading at demo is absolutely different and not educating enough - no real fear, no emotions, just routine stuff.
I installed today a newer version of MT4 - 225. And I did not notice that by default it was set so that when I triggered the detonator, I put not 0.1 lots but 1 full lot. After that price went to other direction and the numbers that I saw before my eyes were quite weird You can imagine my feelings when I finally closed the position at +2 pips

And one more thing: SwingMan...

I'm trading this system live
  • #514
  • Jul 14, 2009 11:53am Jul 14, 2009 11:53am
Quoting altoronto
Hi guys, this is my first post here and thank you all for your support and so many useful info (Edge, Swingman, TudorGirl ..) I started testing C4 on demo today and works like charm, easy to follow system, my plan is to test it on demo before I go live, wow how smart I am . So here is my statement for today's trading.

Attachment

Again, thank you all and good luck with trading.

hi altoronto,

well, i'm happy 4 your trading results. i'm not trying 2 pick your words but the " wow how smart i am" sentence. just makes me cringe!!! i think mr market has not taught u a lesson yet. good luck
  • #515
  • Jul 14, 2009 11:56am Jul 14, 2009 11:56am
Quoting gutek04
Anne, are You using smTRIX for that renko chart or the one You have created?

I'm trading this system live
I am using my own indy. But it is identical to smTrix on 3,E,E,E,C.

No magic there!

Anne
  • #516
  • Jul 14, 2009 11:59am Jul 14, 2009 11:59am
Quoting Max99
How is everyone doing with the four pairs? Anne is doing really well with GU but it's killing me. EJ is bad for me too, but EU and AU have been great.
Hi Max

I don't know about you, but I have enough trouble focussing on 1 or 2 pairs. My GU is the fast action and takes the most time. The EU is on the H1 so is very slow and only needs a look at the top of the hour.

Just a personal opinion, but I am finding enough opportunities on the GU to keep me happy.

Anne
  • #517
  • Jul 14, 2009 12:04pm Jul 14, 2009 12:04pm
Quoting Indrek
... MTF SuperTrix. I think, it is just the tool that many of us need to filter out bad trades. I set it to show H1 at my M5 chart and D at the H1 chart.
For various reasons, is perhaps better to take a multiplicator 4 between time frames.
The volatility factors between TFs corresponds to the time square, and you have with your setup:
- M5/H1 = sqrt(12) = 3.5
- H1/D1 = sqrt(24) = 4.9
The relations are inconsistent.

You can take as upper time frames:
- M5/M15 = sqrt(3) = 1.7 or
- M5/M30 = sqrt(6) = 2.5
- H1/H4 = sqrt(4) = 2.0
  • #518
  • Jul 14, 2009 12:08pm Jul 14, 2009 12:08pm
Quoting TudorGirl
Hi Max

I don't know about you, but I have enough trouble focussing on 1 or 2 pairs. My GU is the fast action and takes the most time. The EU is on the H1 so is very slow and only needs a look at the top of the hour.

Just a personal opinion, but I am finding enough opportunities on the GU to keep me happy.

Anne

And for the 1 hour chart eu/usd- are you using faster settings on trix ?
Or simply2,eeec ?
  • #519
  • Jul 14, 2009 12:10pm Jul 14, 2009 12:10pm
Quoting globalinvest
And for the 1 hour chart eu/usd- are you using faster settings on trix ?
Or simply2,eeec ?
I have just checked my charts. On the H1 I actually have Trix set to 4 as it is such slow action. It is 3 on the Renko. Sorry for any confusion.

Anne
  • #520
  • Jul 14, 2009 12:12pm Jul 14, 2009 12:12pm
I still can't figure out how to make it show a tf other than the one it is on. There is an input for timeframe which has 0. Do I put there the # of minutes I want it to show? Like 15 or 60 or 240?

Quoting SwingMan
For various reasons, is perhaps better to take a multiplicator 4 between time frames.
The volatility factors between TFs corresponds to the time square, and you have with your setup:
- M5/H1 = sqrt(12) = 3.5
- H1/D1 = sqrt(24) = 4.9
The relations are inconsistent.

You can take as upper time frames:
- M5/M15 = sqrt(3) = 1.7 or
- M5/M30 = sqrt(6) = 2.5
- H1/H4 = sqrt(4) = 2.0
******************* I'd rather make money than be right.
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