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C4 Scalping

  • #721
  • Jul 15, 2009 8:50am Jul 15, 2009 8:50am
Quoting chojnak
...I have NOTHING in TrixMTF window.
- Check if you have the two Trix indicators in the same folder "...experts/indicators"
- Check if the name of the first indicator is "smSuper TRIX_v1.mq4". It may be that after downloading you have foreign characters in the name.
  • #722
  • Jul 15, 2009 8:51am Jul 15, 2009 8:51am
Quoting ozziedave
Here is my set up that I am going to use this week. MFT Trix for 15M and 30M charts on my 5M chart with 5M Trix. Take trades when 5M and 15M match up and if 30 M matches all the better. Also, notice when 15M Trix histo is hugging the "0" line and 5M gives signals that price does not move very far (see aqua arrows on 15M Trix). This may be a potential filter for those false signals that you get on 5M chart. Again, this is just a suggestion and you would have to do some research on your own to determine if this filter works for you.
I use absolutely the same setup, only I have H1 instead of M30 as SwingMan suggested. The correlation of 4 is the best, he said. (15 * 4 = 60.)
  • #723
  • Jul 15, 2009 8:55am Jul 15, 2009 8:55am
Quoting Indrek
I do not think that it is possible to trade any pair with a SL of 10 pips... Edge suggests manual exit, not pre-set SL. I use SL as I always want to take more than 10 pips. And my SL is NEVER under 30 pips, for GU it should be even 50.

And of course you lose if you enter short at a time when there is a very strong uptrend

YES I do a 10 pip stop on the EUR/JPY successfully sir.

Thanks.
  • #724
  • Jul 15, 2009 8:59am Jul 15, 2009 8:59am
Quoting maxwell-eqtn
YES I do a 10 pip stop on the EUR/JPY successfully sir.

Thanks.
It means you have got a talent Success with EURJPY still starts from +60-70 pips not 10

But if going for 10 pips - why do you need a SL at all?
  • #725
  • Jul 15, 2009 9:01am Jul 15, 2009 9:01am
Quoting Indrek
That is not what I meant
I just do not understand how does repainting affect the real time trading... The future moves of the price are not fully predictable even with 1000 of non-repainting indicators. Any indicator shows only this moment to us and it is not important what it showed earlier.
Repainting makes backtesting impossible, that is true. But we are not backtesting, we are trading.
Hi,
I disagree. Repainting indicators do matter at almost every stage of trading:
1. When devising a strategy a repainting ind gives a false impresion.
2. When doing initial test trades - either Demo or Live, unless you take a screen shot of every trade upon entry, you can't be sure if you missed something, or if the indi just repainted. So how do you improve you trading and cut down on losing trades?
3. When live trading with a successful strategy, if you start getting worse results, is it you doing something different or is it the indi repainting.

The only times when a repainting indi does not matter are:
1. When you are using an EA to test the strategy.
2. When you are live trading it with good results. - But how long is that going to last, since the market is always changing.

Just my humble opinion.

Ian
  • #726
  • Jul 15, 2009 9:06am Jul 15, 2009 9:06am
ozziedave could you please post your tlp and indis thanks.
  • #727
  • Jul 15, 2009 9:07am Jul 15, 2009 9:07am
Quoting ianf0ster
Hi,...
I understand your point. You speak about testing and analyzing. I speak about real trading. If I use a system at my demo for a week or two with good results then I go live and trade.
My main indicator always is my own belief. If I believe that price is going up or down or not. And this belief has not much to do with what my indicators showed somewhere in the past. I need them only NOW to make a decision.
  • #728
  • Jul 15, 2009 9:10am Jul 15, 2009 9:10am
Quoting Edgetrader
First off, the lesson plan for today requested chart shots from trading efforts. GOLD STARS to Chris B., DXTrade (15m), iansr1 and gutek04, and revrobwimb (Monday), TG and Roto7gl.

GREEN STAR to BoyFromOZ - Great charts, entry to trade marked. Need to show the trades as taken.
Thanks for the "Green Star" Edge!
Unfortunately my orders are placed in a java control panel with a different broker so I'm unable to put arrows on the chart.

EU entry: 1.4089 exit: 1.4099
AU entry: 0.8024 exit: 0.8034
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Jul. 15 23.57.png Size: 37 KB
  • #729
  • Jul 15, 2009 9:10am Jul 15, 2009 9:10am
Here is another helpful hint on 5M range bound price action. If price starts to look like it's stalled a bit, find the last Swing High and Swing Low and wait for price action to break out side that range before placing another trade. This is currently the case for the EU and since EU is in an uptrend right now I would be careful about jumping in a short trade even if the price action breaks lower. I would want to see the 15M Trix signal a short before I take a short position.
Attached Image (click to enlarge)
Click to Enlarge Name: price action 140709 t4.gif Size: 28 KB
  • #730
  • Jul 15, 2009 9:12am Jul 15, 2009 9:12am
Quoting ozziedave
Here is my set up that I am going to use this week. MFT Trix for 15M and 30M charts on my 5M chart with 5M Trix. Take trades when 5M and 15M match up and if 30 M matches all the better.
Ozzie how can I modify SwingMan UltraSuperTrix to 15M and 30M

In Visualization uncheck "All timeframes" and check 15M or 30M

Accordinaly?

Did that nothing showed up on the screen

Thanks
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #731
  • Edited 9:16am Jul 15, 2009 9:12am | Edited 9:16am
Quoting lrathi
Not sure what you mean Ian.

I am a visual trader and have more versions of the same indicator than necessary on the chart. I agree.

The histogram version is there because I use another strategy sar with HULL(12) as early entry before I decided to test C4 (not shown).

.. ..
.
Perhaps I am mistaken, but dont you have two Hull(12) histograms? The stand-alone indi which is in the fiste sub-window and the thn current chart TF line (H1 in this case) of the 4 TimeFrame MegaTrend MTF indicator in the bottom sub-window (in this case the bottom line).

If the separate lines in the bottom sub-window are too small to read, then why have them in the first place.

Ian
  • #732
  • Jul 15, 2009 9:13am Jul 15, 2009 9:13am
Quoting eforex3
ozziedave could you please post your tlp and indis thanks.
Hi eforex...

All indicators are found on the thread, click on the paper clip on the top right side of the page and look for MFT TRIX and SM TRIX.
  • #733
  • Jul 15, 2009 9:16am Jul 15, 2009 9:16am
Quoting Indrek
I understand your point. You speak about testing and analyzing. I speak about real trading. If I use a system at my demo for a week or two with good results then I go live and trade.
My main indicator always is my own belief. If I believe that price is going up or down or not. And this belief has not much to do with what my indicators showed somewhere in the past. I need them only NOW to make a decision.
Yes, but one must keep testing and analyzing even a live system. Otherwise when market conditions change you are in difficulties.

I have had to modify my main live system twice in the last 14 months because of changes in volatility.

Ian
  • #734
  • Jul 15, 2009 9:17am Jul 15, 2009 9:17am
Quoting SkyzerFX
Ozzie how can I modify SwingMan UltraSuperTrix to 15M and 30M

In Visualization uncheck "All timeframes" and check 15M or 30M

Accordinaly?

Did that nothing showed up on the screen

Thanks
Hi Skyzer...

You need to apply the MTF Trix indicator multiple times on the 5M chart. In the input tab set one application to 15M and one to 30M or what ever time frame you wish to monitor. You can tick the visualization box to have them show up on just the 5M chart or any time frame chart you wish.
  • #735
  • Jul 15, 2009 9:18am Jul 15, 2009 9:18am
Moved SL to BE also at EJ. As the same has been done with EU, I may now stop watching the screen

Amazing, how much can this system give when there is a strong trend!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej.gif Size: 66 KB
Click to Enlarge Name: eu.gif Size: 68 KB
  • #736
  • Jul 15, 2009 9:19am Jul 15, 2009 9:19am
I didn't have the MTF indicator. Didn't know one was made until now. And, i thought I read every post here!! That is one cool setup! Thanks Indrek and Ozzie. Swingman is really cranking in his indicator lab
  • #737
  • Jul 15, 2009 9:20am Jul 15, 2009 9:20am
I got stopped out of my long EJ after moving up the SL to beneath the TM and the swing low.

Now it has just gone and hit what would have been my TP.

What a frustrating day it has been (for my demo trading).

Ian
  • #738
  • Jul 15, 2009 9:26am Jul 15, 2009 9:26am
Quoting ozziedave
Hi Skyzer...
You can tick the visualization box to have them show up on just the 5M chart or any time frame chart you wish.
Sorry, ozzie, I did that and it's only duplicating same thing as I already have

How do make M15 showed up

smSuper TRIX_v1 (3,M,M,E,C) 0.0085

And I want like on your screen:

smSuper TRIX_v1 M15 (3,M,M,E,C) 0.0085

smSuper TRIX_v1 M30 (3,M,M,E,C) 0.0085

Changing "Visualization" time frame doesn't change anything
on the Indicator itself

Did I miss something?

Thank you.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #739
  • Jul 15, 2009 9:26am Jul 15, 2009 9:26am
Quoting Indrek
Moved SL to BE also at EJ. As the same has been done with EU, I may now stop watching the screen

Amazing, how much can this system give when there is a strong trend!
It seems that you had a very good day Indrek!

For me...a very bad day...i still have to find my best settings...stops...and i have to put in my mind that i can't trade counter trend...
Market is like a puzzle, YOU have to fit the pieces!!
  • #740
  • Jul 15, 2009 9:28am Jul 15, 2009 9:28am
Quoting Indrek
I use absolutely the same setup, only I have H1 instead of M30 as SwingMan suggested. The correlation of 4 is the best, he said. (15 * 4 = 60.)
Hi Indrek...

I was also playing around with the MTF Trix and came up with 5,15 and 30M set up. I looked at the 1hr chart but wasn't sure I was gaining any advantage with the 1hr chart. I think the 5 and 15M charts are the key to entering positive trades and if the entry is in the same direction as either the 30M or 1hr chart it's just another positive signal to push the plunger as Edge says.
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