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C4 Scalping

  • #821
  • Jul 15, 2009 2:04pm Jul 15, 2009 2:04pm
Indrek,
Sure. Why not. Might as well learn from the best, after all.
Could you please have your 9y old son PM me for the conversion tables.
Thanks much.
Good trades to all.
Cliff

Quoting Indrek
Please, people, knowledge about time zones is a part of basic education. Even my 9y son knows how to count them. Should it be re-discussed here?
I get exercise just pushing my luck
  • #822
  • Jul 15, 2009 2:04pm Jul 15, 2009 2:04pm
Quoting DarkDays
Aww that wasn't very nice :/.

Just trying to get some clarification regarding percieved discrepancies in session overlap. Apologies if my posts annoyed you.
6-6:30 cdt is fine to start trading. Trade it until about 10:30 or so your time.

Regards.
  • #823
  • Jul 15, 2009 2:09pm Jul 15, 2009 2:09pm
Quoting revrobwimb
+10 EU. 1 Primer + 1 Detonator = +10 after hours pips.

Primer = PA moving quickly above 12lwma

Detonator = Sm Trix.

(Also used Demark lines to stay out of the chop and have better probability trade. demark removed from chart.)

revrobwimb
Very nice repetition here.

Lay primer, wire to detonator and wait. Train approaches as planned and you blow the crap out of it. Sometimes the train wins, many times it does not and the pips are laying aroung to be quickly snatched up and you disappear.

Nice Rev.

Regards.
  • #824
  • Jul 15, 2009 2:28pm Jul 15, 2009 2:28pm
Hi all,

I'd like to say thanks to Edge for all the hard work and the sharing of his system, also thank you to Paulus, TG, SwingMan and all the others who have contributed to Trendmagic and to this post.

Here are my trades for today - I have 2 triggers on my screen, trying to decide which one suits me.

Today I changed my SL to 20pips

GU +10.5, +10.3, BE, +10.9

The BE was because I got out just before news.

EU -20, -20

The first was against the trend and I know the trend is your friend, but I wanted to see if it would work (even when with the trend EU didn't want to play). http://www.forexfactory.com/images/icons/icon9.gif

I don't know why you call the GU the bastard http://www.forexfactory.com/images/icons/icon4.gif

I am posting 2 links and a pdf for anyone who is interested,
http://www.babypips.com have a good course for newbies.

http://www.forexsignallive.com This is not an ad, they have a good free market session tool that sits on your desktop.

The pdf is a Forex cheat sheet.

All found on FF from different threads that I have visited in the past, hope some of you find them helpful.

Best to all, MV
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu.gif Size: 37 KB
Click to Enlarge Name: eu.gif Size: 34 KB
Click to Enlarge Name: trades.gif Size: 26 KB
Attached File(s)
File Type: pdf Forex_Traders_Cheat_Sheet.pdf   321 KB | 813 downloads
  • #825
  • Jul 15, 2009 2:46pm Jul 15, 2009 2:46pm
Another great day for trading. Still learning and plaing with small money but it seams it is working out very nice.

Kristjan
Attached Image (click to enlarge)
Click to Enlarge Name: results 15.07.09.gif Size: 56 KB
  • #826
  • Jul 15, 2009 2:47pm Jul 15, 2009 2:47pm
Quoting Mvc
Hi all,

I'd like to say thanks to Edge for all the hard work and the sharing of his system, also thank you to Paulus, TG, SwingMan and all the others who have contributed to Trendmagic and to this post.

Here are my trades for today - I have 2 triggers on my screen, trying to decide which one suits me.

Today I changed my SL to 20pips

GU +10.5, +10.3, BE, +10.9

The BE was because I got out just before news.

EU -20, -20

The first was against the trend and I know the trend is your friend, but I wanted to see if it would work (even when...
Nice charts... THANK YOU FOR DRAGGING YOUR TRADES FROM ACCOUNT HISTORY TO THE CHART. THIS SHOWS A LEGIT TRADE. EVERYTHING ELSE IS SPECULATION.

revrobwimb
  • #827
  • Jul 15, 2009 3:09pm Jul 15, 2009 3:09pm
For several hours now on EU and GU like dead man walking
nothing is going on. So slow.. Ticks barely moving back
and forth.. On GU with 4 pips spread just impossible to get
any pips..

P.S looks like EU starts to drop a bit from here.. so far
5 pips catch, but could turn back any second.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #828
  • Jul 15, 2009 3:24pm Jul 15, 2009 3:24pm
Quoting Nick'em
Out of hours trade but still 10 nice pips

Nick
nice work. could you post your MTF Trix indicator. the smSuper TRIX_MTF_v1 doesn't seem to be working for me. i put 15 for TimeFrame but it just shows up as an empty space in my indicator window. or if someone can help me with it that would be awesome. thanks
change the future, not the past
  • #829
  • Jul 15, 2009 3:30pm Jul 15, 2009 3:30pm
Quoting 137
nice work. could you post your MTF Trix indicator. the smSuper TRIX_MTF_v1 doesn't seem to be working for me. i put 15 for TimeFrame but it just shows up as an empty space in my indicator window. or if someone can help me with it that would be awesome. thanks
Was having same problem. I deleted both SM Ultra Trix and SM Ultra Trix MTF from the expert folder. Redownloaded and reinstalled. Both are working now.
  • #830
  • Jul 15, 2009 3:31pm Jul 15, 2009 3:31pm
Quoting DarkDays
I have a question about this, if I am in Central Standard time, since we are under daylight savings right now that would mean we are -5 (as opposed to -6) correct? So for CST this would translate into 6:00AM-10:00AM right? Thanks!!
An easy way to do this is to go to the website forex.timezoneconverter.com, put in your timezone and trade the overlap of London/NY[/quote]

Thank you for the link! Does this mean that there is actually only a three hour overlap?[/quote]

In the drop-down put in central time instead of GMT
  • #831
  • Jul 15, 2009 3:45pm Jul 15, 2009 3:45pm
Quoting 137
nice work. could you post your MTF Trix indicator. the smSuper TRIX_MTF_v1 doesn't seem to be working for me. i put 15 for TimeFrame but it just shows up as an empty space in my indicator window. or if someone can help me with it that would be awesome. thanks
137,

Sorry but the trix MTF indicator I use is the one posted in this thread, I just changed the colours.

N.
  • #832
  • Jul 15, 2009 3:51pm Jul 15, 2009 3:51pm
Quoting stroker70
Was having same problem. I deleted both SM Ultra Trix and SM Ultra Trix MTF from the expert folder. Redownloaded and reinstalled. Both are working now.
thanks!
change the future, not the past
  • #833
  • Jul 15, 2009 3:54pm Jul 15, 2009 3:54pm
Quoting Nick'em
137,

Sorry but the trix MTF indicator I use is the one posted in this thread, I just changed the colours.

N.
cheers
change the future, not the past
  • #834
  • Jul 15, 2009 4:21pm Jul 15, 2009 4:21pm
Wasn't this a bit risky? TM Red (and relatively flat, as you had cautioned against in your earlier post), Trix close to zero and had not moved much in the run up (i.e. low volatility), LWMA (12) Red, Yellow, Blue in the run up to your "Push the detonator" bar (and with hindsight .... wonderful, isn't it? .... going Yellow for the next 2 bars) ....?

I can't see your open/close triangles on the chart. Did you take the trade?
Quoting maxwell-eqtn
Here is a trade where you have a very tight stop loss of 10 pips + spread
and then the profit is unbelievable.
  • #835
  • Jul 15, 2009 4:36pm Jul 15, 2009 4:36pm
Quoting Edgetrader
I get nowhere near this total. This is just overtrading "(imho)" and is an excessive market exposure risk.

Keep trading the plan and lets see those losses you are talking about. There is a tweak coming that will benefit ALL.

Regards.
Does it mean?

A.IMHOIn My Humble Opinion
B.IMHOIn My Honest Opinion
C.IMHOInternet Media House (Russian media-buying agency)
D.IMHOIn My Holy Opinion
E.IMHOIn My Hesitating Opinion
F.IMHOIn My Highest Opinion
G.IMHOInternational Medical Health Organisation

Think I know the answer, but just wanted to be sure.

http://www.acronymfinder.com/IMHO.html
  • #836
  • Jul 15, 2009 4:38pm Jul 15, 2009 4:38pm
Quoting 45Fxguy
Was a good day, but was experimenting too.
Hi 45FXguy,
There is something strange about your chart. The Hull(12) bars indicator should be exactly the same as the lowest line of dots in the 4TF-MT bars indicator (because they are both Hull MAs), but it is not, so you must have them set differently. Difference in either period of price?
If not you are using a bad indicator for either the stand-alone Hull bars or the on called by the 4TF-MT bars indicator.

Unless you are deliberately specifying a difference, then you do not need the Hull bars and can save some spac on your chart - important if you are squeezing 4 of them on a screen.

Ian
  • #837
  • Jul 15, 2009 4:50pm Jul 15, 2009 4:50pm
Quoting ianf0ster
Hi 45FXguy,
There is something strange about your chart. The Hull(12) bars indicator should be exactly the same as the lowest line of dots in the 4TF-MT bars indicator (because they are both Hull MAs), but it is not, so you must have them set differently. Difference in either period of price?
If not you are using a bad indicator for either the stand-alone Hull bars or the on called by the 4TF-MT bars indicator.

Unless you are deliberately specifying a difference, then you do not need the Hull bars and can save some spac on your chart - important...
Not a big deal, but thanks for pointing it out, will take a look. I sometimes create 4 -5 templates a day just out of boredom I guess. It helps keeps things interesting.
Here's another one I just created just for fun.
Uses most to the signal bars stuff in my current indicators folder.
Which ones do you think are redundant?
Please let me know....
Kinda fun too trying to pick which way the market will move when it come to a crawl like this, will see how it goes, currently have a short open on u/j & it's almost in profit. Maybe I'll bag 1 more pip!
Attached Image (click to enlarge)
Click to Enlarge Name: all bars.gif Size: 65 KB
  • #838
  • Jul 15, 2009 4:51pm Jul 15, 2009 4:51pm
Quoting Quantum4x
I understand your point now, sorry my post was a little sarcastic

Nowever, I am a huge believer of back testing and I think it's really dangerous to trade without enough statistic information about a system.
I've personally tested dozens of systems that have incredible days, and even weeks. And suddenly everything begins to crash and fall into pieces. You see the daily charts and there's no connection in terms of liquidity, trending/ranging or even classic patterns. The system just worked fine for weeks and then it stopped doing it.

I think...
Hi,
I lost pips with C4 (in demo not live) both yesterday and today. More today than yesterday. However I was just taking every signal I saw just to see how they worked out.

I will have a set of rules more live trading tomorrow: No CT, no flat TM, no trades into resistance/support. Then I will see how I get on.
At least today I have had two firsts for me:
1. Trading with 4 pairs on one screen.
2. Having more than 1 short Tf trade open at the same time.

I agree with you about backtesting - that is the only use I have found for an EA (so far).

Good pips tomorrow!
Ian
  • #839
  • Jul 15, 2009 4:55pm Jul 15, 2009 4:55pm
Hi All,

A mechanical system like this was crying out for an EA to test it, and as Codebreaker suspected, I have been working on one. I got the basic thing working late last night and put it to work on the GU H1 ordinary candles and the 5-pip Renko first thing this morning.

Results are interesting. The EA obviously has no "gut feeling" and trades purely mechanically, which is a great way to test the raw system as laid down. It is almost impossible to do this manually as human emotions will influence even the hardest of hearts.

Backtesting the EA on the raw rules leads to break-even at best, even trading just between the specified times. I therefore decided to take the EA a bit further.

As many folk on this forum have pointed out, nothing substitutes for trader experience. But this is impossible to code! My manual trading results were based only on Trix, but I was using many aspects including lobe depth, divergences and so on.

I tried to program divergence and several other aspects but found it very hard. So this is very much a rough and ready, unrefined first version, "warts and all". It has no optimisation of SL/TP and it has very little intelligence concerning momentum or divergence. This is a work in progress.

Results for the day attached. As you can see, not so good. There is little point in posting a chart as it is impossible to see from the PA and the Trix why the EA traded when it did, as it uses Trix position, velocity, acceleration and the 4th derivative. In many respects, it is a full-blown Kalman filter (as used in guided missile autopilots).

While out at dinner this evening I have had some inspirations as how to code up the missing aspects that I really want. My aim is to refine the EA over the next few weeks then turn it loose. We should be able to obtain excellent dynamic estimates of optimum SL/TP from the feedback loop of the Kalman estimator. And the feed-forward path (which integrates) should give us effectively the Trix value over a continuous spectrum of TFs.

I know there is almost zero interest in EAs on this thread - many have posted scornful comments about them so I won't bother posting any details, but I quite like the EA concept as a way of mechanically testing a system in a zero-emotion way that no human trader can.

Anne
Attached Image (click to enlarge)
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  • #840
  • Jul 15, 2009 5:00pm Jul 15, 2009 5:00pm
Quoting 45Fxguy
.....
Here's another one I just created just for fun.
Uses most to the signal bars stuff in my current indicators folder.
Which ones do you think are redundant?
Please let me know....
I'm afraid that in this case the redundancy is the price - the bars are so small you can hardky see them!
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