C4 Scalping | Page 43 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

scalping strategy 31 replies

Trying scalping with a 1000 bucks - Scalping is expensive! 39 replies

Scalping PIPs? 5 replies

1M & 5M Scalping System (Scalping Paradise) 21 replies

Scalping 100 pips?! 3 replies

Attachments: C4 Scalping
Exit Attachments

C4 Scalping

  • #841
  • Jul 15, 2009 5:03pm Jul 15, 2009 5:03pm
Quoting ianf0ster
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)....
Ian,

Post your charts w/ your losers and perhaps we can help. I'm sure Edge wouldn't mind taking a look.

revrobwimb
  • #842
  • Jul 15, 2009 5:04pm Jul 15, 2009 5:04pm
Quoting 45Fxguy
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!...
Usually, I am not a big fan of multiple indi's.

However, I do like the way that this chart is set up. As shown, it has multiple capabilities, including confusing any sane person with that 94.23 number in the upper right corner.

Normally, I would have interpreted such as being current price. Upon further review, it is apparent that it is a copy of an NBA time clock showing the countdown to cerebral hemmorage for attampting to coordinate that hideous mass of pooh into something workable.

However, it is very pretty though.

Regards.
  • #843
  • Edited 5:31pm Jul 15, 2009 5:05pm | Edited 5:31pm
Quoting ianf0ster
I'm afraid that in this case the redundancy is the price - the bars are so small you can hardky see them!
Good answer!
Now that's a warm chart.



Please for give my poor English,... I live in the states.....
  • #844
  • Jul 15, 2009 5:05pm Jul 15, 2009 5:05pm
Quoting TudorGirl
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...
My contribution to your EA:
To help you with divergence detection, go to my thread and take a look at the code in the divergence indicators I posted. They are just a few posts before that message to CB that I put in there. I know that they are not perfect, but they are a start.

Ian
  • #845
  • Jul 15, 2009 5:07pm Jul 15, 2009 5:07pm
Quoting revrobwimb
Ian,

Post your charts w/ your losers and perhaps we can help. I'm sure Edge wouldn't mind taking a look.

revrobwimb
I did hours ago, both morning and afternoon sessions.
  • #846
  • Jul 15, 2009 5:12pm Jul 15, 2009 5:12pm
Quoting revrobwimb
Ian,

Post your charts w/ your losers and perhaps we can help. I'm sure Edge wouldn't mind taking a look.

revrobwimb
Indeed! Been asking for a couple of days now and am reviewing.

Regards.
  • #847
  • Jul 15, 2009 5:13pm Jul 15, 2009 5:13pm
Quoting ianf0ster
My contribution to your EA:
To help you with divergence detection, go to my thread and take a look at the code in the divergence indicators I posted. They are just a few posts before that message to CB that I put in there. I know that they are not perfect, but they are a start.

Ian
Hi Ian

Very kind of you, but I am going to sidestep the whole divergence issue altogether by taking the Kalman filter approach. It is much cleaner to code and should (I hope!!) be less prone to errors.

Anne
  • #848
  • Edited 5:27pm Jul 15, 2009 5:17pm | Edited 5:27pm
Quoting Edgetrader
Usually, I am not a big fan of multiple indi's.

However, I do like the way that this chart is set up. As shown, it has multiple capabilities, including confusing any sane person with that 94.23 number in the upper right corner.

Normally, I would have interpreted such as being current price. Upon further review, it is apparent that it is a copy of an NBA time clock showing the countdown to cerebral hemmorage for attampting to coordinate that hideous mass of pooh into something workable.

However, it is very pretty...
Think I'll quit while I'm ahead....(IMHO)....?
.
.
.
.
Just kidding teach.....
  • #849
  • Jul 15, 2009 5:21pm Jul 15, 2009 5:21pm
& Still for my gold stars... &
Attached Image (click to enlarge)
Click to Enlarge Name: all bars tp 5 pips.gif Size: 71 KB
  • #850
  • Jul 15, 2009 5:34pm Jul 15, 2009 5:34pm
Quoting 45Fxguy
& Still for my gold stars... &
OOPS! My bad.

MULTIPLE GOLD STARS FOR YOU!!!!!

Regards.
  • #851
  • Jul 15, 2009 5:37pm Jul 15, 2009 5:37pm
Quoting Edgetrader
Indeed! Been asking for a couple of days now and am reviewing.

Regards.
Have looked at Ian's charts and it seems that should he ask me to opine on his trades then I would.

However, will let him initiate that as he is working on several different projects and his main trading also it appears. This plan is a bit of a sidebar that he seems to be feeling out some.

Regards.
  • #852
  • Jul 15, 2009 5:38pm Jul 15, 2009 5:38pm
Quoting Edgetrader
OOPS! My bad.

MULTIPLE GOLD STARS FOR YOU!!!!!

Regards.
Thank you Mr President... Sorry you couldn't run another term...
But I know you needed a break....
  • #853
  • Jul 15, 2009 5:47pm Jul 15, 2009 5:47pm
Hi Guys,

Sorry for my noobishness, but can anybody please explain how exactly Trix get's it's information? I'm a fan of indicators and all, but I like to know how they work. A link to a thread would be fantastic, I think this would help everybody.

Also I'm not understanding the 3, M , M, E... I thought we were on a 5M TF? Shouldn't it be 5, M , M , E

See my attached chart for 5M and 15M trix on window.

Just as a side note, 5, M , M , E is taking away a LOT of noise and I'm getting a very decent accuracy. *shrug* ......

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 43 KB
  • #854
  • Jul 15, 2009 5:52pm Jul 15, 2009 5:52pm
Quoting TudorGirl
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...
That is going to be an interesting undertaking. Not to mention fascinating!

As I use a 'ea' myself, an MT4 ea that proves productive would be a real asset to trading this, or any other plan. Anything we can do to help we will. ( Doubt there is much though).

Thanks Anne,

Highest Regards.
  • #855
  • Jul 15, 2009 6:06pm Jul 15, 2009 6:06pm
Quantum4x,
Some good points you make here regarding noise. Two screen shots attached here show how the noise from one time frame to another can depict an entirely different entry. Notice, as well, that PA came down to former Resistance, easily seen on the 15m chart. I, also, took the trade before S/R had been broken and retested.
As you say, one must become familiar with this noise to grasp when a good entry presents itself. Even those that trade on the monthly TF consider the hourly/daily TF's a bit noisy.
Third attachment #6.gif, shows trades for the day.
Edge, has his setup on the 5m for entries relating to that noise or in this case the swing high, swing low of an oscillating 5 TF.
When, Anne, moves out to a 1h TF she changes here Trix a bit to reflect that different noise.
To familiarize oneself with a new approach takes practice, as you pointed out. Oh, and some more practice, and then more, and then some more...

My purpose of testing this 5m PA outside of the optimal Trading Time perimeters set forth by Edge, is to show that this method works well in all TF's, any time of day. All but that one needs to adjust their expectations of how much time that trade is going to take, win or lose, to it's conclusion.
I am not recommending that one disregard the rules set forth by Edge on the introductory first page.
The 5m TF seems most ideal to trade this scalping method during the time of day recommended by Edge.
Cannot emphasize enough how proper MM, risk, TP/SL, etc. will determine the outcome of a successful trade.

Hope this helps some of those that are struggling to learn this trading thing called Forex.
Trade safe, trade with the trend.
Cliff


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...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 6.gif Size: 118 KB
Click to Enlarge Name: 5.gif Size: 83 KB
Click to Enlarge Name: 15.gif Size: 77 KB
I get exercise just pushing my luck
  • #856
  • Jul 15, 2009 6:22pm Jul 15, 2009 6:22pm
Quoting Chasem
Hi Guys,

Sorry for my noobishness, but can anybody please explain how exactly Trix get's it's information? I'm a fan of indicators and all, but I like to know how they work. A link to a thread would be fantastic, I think this would help everybody.
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:trix

http://www.investopedia.com/articles/technical/02/092402.asp

http://www.incrediblecharts.com/technical/trix_indicator.php
  • #857
  • Jul 15, 2009 6:27pm Jul 15, 2009 6:27pm
Anne,
Don't feel there is no interest in an EA. We have been following your development with special interest. We have been working on an EA for 18 months now and we have had all the experiences you are having, including inspiration during lunch, mowing lawn, waking up in the morning to an account that tanked, etc. An EA is heartless and stupid. It will catch the good moves and give it all back in a flat shallow ranging consolidation. Or it will make good pips to a peak in price and give it all back until it gets an exit signal. It begs the question - do we need just a quick hit and run program that can be programed for 10-15pip profits and close the trade and wait for a new entry and do it again. Maybe it would be possible to program a very selective entry to avoid the little humps in the TRIX. I think you are already working on this approach but what I am saying is it may be the ONLY way to have any success. A program that runs around the clock would be ideal but I don't believe it will be profitable. But then I didn't think you could do Vorticity and you did. I am rambling on here but maybe I am giving you some ideas.

good luck
Bill
  • #858
  • Jul 15, 2009 6:32pm Jul 15, 2009 6:32pm
Quoting Quantum4x
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:trix

http://www.investopedia.com/articles/technical/02/092402.asp

http://www.incrediblecharts.com/technical/trix_indicator.php

Thanks for the links! Seems a little more clear now..

Any idea on the 3 - 5 difference, 3 seems to give a lot of false signals.

Comments?
  • #859
  • Jul 15, 2009 6:35pm Jul 15, 2009 6:35pm
Quoting cce
Quantum4x,
Some good points you make here regarding noise. Two screen shots attached here show how the noise from one time frame to another can depict an entirely different entry.
The closest you see something, the more noise you'll see. This is true in microscopic images, quantum mechanics and Forex.

Some people think that the higher time frames define how the lower ones behave. I think this is true because in longer time frames fundamental analysis and pattern recognition/fibs make the big players make their moves.

But as you go to lower time frames you'll se more and more noise.

People think longer time frames define the smaller ones. However the smaller time frames are the ones that make the longer ones move. If you see Heiken Ashi smoothed, or almost any indicator in MTF's you'll see that the 1M is the first to move, and then the others follow (...or don't). So smaller time frames make the bigger ones move.

It's like Relativity and Quantum Physics. Gravity applies to 4H time frames and up, QP applies to 1M.
1M is ruled by noise and probability, and somehow manages to create the time frames in which this is not seen.
  • #860
  • Jul 15, 2009 7:01pm Jul 15, 2009 7:01pm
Here is a chart of the first trade I've taken using this method. I know it's outside of peak trading hours but I'm just trying to get used to the system and take the valid trades.
Attached Image (click to enlarge)
Click to Enlarge Name: first trade.gif Size: 34 KB
5 traders viewing now