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C4 Scalping

  • #861
  • Jul 15, 2009 7:02pm Jul 15, 2009 7:02pm
Quoting Siuol
Hey, I'm looking to make my first trades but I'm not up to par with my knowledge on Trix, which seems to be the suggested indicator. So I'm doing my research and will place a trade today for sure. I want to help those who may be like me and not up to par with Trix, so I've attached a link that I'm reading to learn more about it.

http://www.investopedia.com/articles/technical/02/092402.asp
@ SIUOL:Thanks,

Here is a TRIX trading system tutorial.

http://daytrading.about.com/od/tradingsystems/ss/TRIXReversal_5.htm

Seems the TRIX used differently to determine change in trend and reversal.

SWINGMAN: Any possiblle to have another version of change in colour of TRIX bars at PEAKS and Valleys? Perhaps with arrows too. Entry and exit will be earlier and thus more pips,

Thanks,


http://z.about.com/d/daytrading/1/5/...Reversal_3.png (http://z.about.com/d/daytrading/1/0/g/0/-/-/TRIX_Reversal_3.png)
  • #862
  • Jul 15, 2009 7:06pm Jul 15, 2009 7:06pm
Well Anne another dismal failure, only 278 net pips on your first EA attempt last night. Is my math wrong because I think a lot of folks
would be happy with those pips. As always Good Luck
  • #863
  • Jul 15, 2009 7:17pm Jul 15, 2009 7:17pm
TRIX Indicator

TRIX is an oscillator designed for trading trends. Select a TRIX indicator period appropriate to the time frame (http://www.incrediblecharts.com/technical/moving_average.php#Time+Frames) that you are trading. The indicator will keep you in trends that are shorter or equal to the window period.

Time Frames (http://www.incrediblecharts.com/technical/moving_average.php#ma-time_frames)

Shorter length moving averages ("MAs") are more sensitive and identify new trends earlier, but also give more false alarms. Longer moving averages are more reliable but are less responsive, only picking up the big trends.
Use a moving average that is half the length of the cycle that you are tracking. If the peak-to-peak cycle length is roughly 30 days, then a 15 day moving average is appropriate. If 20 days, then a 10 day moving average is appropriate. Some traders, however, will use 14 and 9 day MAs for the above cycles in the hope of generating signals slightly ahead of the market. Others favor the Fibonacci numbers (http://www.incrediblecharts.com/technical/fibonacci.php) of 5, 8, 13 and 21.

  1. 100 to 200 Day (20 to 40 Week) moving averages are popular for longer cycles;
  2. 20 to 65 Day ( 4 to 13 Week) moving averages are useful for intermediate cycles; and
  3. 5 to 20 Days for short cycles.

Trading Signals (http://www.incrediblecharts.com/technical/trix_indicator.php#trix_indicator-trading_signals)

 

  1. Go long when TRIX turns up below zero.
  2. Go short when TRIX turns down above zero.

Use a signal line (a 9 day exponential moving average (http://www.incrediblecharts.com/technical/moving_average.php#Exponential+Moving+Average) of TRIX) to eliminate false signals. Wait for TRIX to cross the signal line before entering the trade.

  1. Go long on bullish divergences (http://www.incrediblecharts.com/technical/indicator_basics.php#Divergence).
  2. Go short on bearish divergences (http://www.incrediblecharts.com/technical/indicator_basics.php#Divergence).

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

  • #864
  • Jul 15, 2009 7:20pm Jul 15, 2009 7:20pm
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
Seems we were researching TRIX at approx same time independantly.

Sorry for duplication of links in my posts
  • #865
  • Jul 15, 2009 7:28pm Jul 15, 2009 7:28pm
Here is the screenshot of my first trade closing out at +10. I'm using a +10TP and a -20SL.

I'm trading live but on a very small scale (1 cent per pip).

First black vertical lines is the entry, second is the exit.

Time from detection to detination...16 minutes.
Attached Image (click to enlarge)
Click to Enlarge Name: tp +10.gif Size: 35 KB
  • #866
  • Jul 15, 2009 7:35pm Jul 15, 2009 7:35pm
Here was my last trade of the day, this shows how the MTF Trix works together. Note-I did get into this trade before the 5M Trix signal and I should have waited for the signal but I was confident that price action was going lower due to H, L, LH swings.

Look at the 15M Trix and note that it is in a down trend and the 5M Trix is in a pullback against the longer time frame trend. Now wait for the 5M Trix signal and push the plunger. Result easy 10 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: example short 140709 t6.gif Size: 33 KB
  • #867
  • Jul 15, 2009 7:47pm Jul 15, 2009 7:47pm
Quoting ozziedave
Here was my last trade of the day, this shows how the MTF Trix works together. Note-I did get into this trade before the 5M Trix signal and I should have waited for the signal but I was confident that price action was going lower due to H, L, LH swings.

Look at the 15M Trix and note that it is in a down trend and the 5M Trix is in a pullback against the longer time frame trend. Now wait for the 5M Trix signal and push the plunger. Result easy 10 pips.
Is it possible to add a 1 min trix too? Would it help?
  • #868
  • Jul 15, 2009 7:57pm Jul 15, 2009 7:57pm
Quoting Siuol
Here is the screenshot of my first trade closing out at +10. I'm using a +10TP and a -20SL.

I'm trading live but on a very small scale (1 cent per pip).

First black vertical lines is the entry, second is the exit.

Time from detection to detination...16 minutes.
i didn't think Alpari offered 1c per pip. i thought their smallest lot size was 10c per pip.
change the future, not the past
  • #869
  • Jul 15, 2009 8:14pm Jul 15, 2009 8:14pm
Does anyone have access to the forum http://www.fxfisherman.com
Think I've tired to get in a couple of times but still haven't received my confirmation password for some reason?

I found a Trix there that I'd to try.


Silly Rabbit, Trix are not just for Kids!
  • #870
  • Jul 15, 2009 8:17pm Jul 15, 2009 8:17pm
Edge. I want to thank you for your Trading system.I have been trading for 8 months and losing money trying a lot of systems out there, but since I started using your trigger system I finally believe that I can make money trading forex. I am using your 1 hour template and trading the 1 hour charts am doing great.

Thank again Kevin
  • #871
  • Jul 15, 2009 8:21pm Jul 15, 2009 8:21pm
Chasem, could I trouble u to link the 'sm ultra super trix' to your next post pleae. Ive searched the paper clip and sure its hiding

p.s. not the MTF version.

Much appreciated
D.


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.

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* ......

Attachment ...
where thought goes energy flows
  • #872
  • Edited 8:24pm Jul 15, 2009 8:23pm | Edited 8:24pm
Quoting Damo12
Chasem, could I trouble u to link the 'sm ultra super trix' to your next post pleae. Ive searched the paper clip and sure its hiding

p.s. not the MTF version.

Much appreciated
D.
er, I'm trying the MTF version now... have you tried it? I don't see anything wrong with it.

EDIT: http://www.forexfactory.com/attachment.php?attachmentid=273175&d=Jul%2015,%202009%201:33am%20(18%20hr%20ago) I think this is it
  • #873
  • Edited Jul 16, 2009 7:09am Jul 15, 2009 8:23pm | Edited Jul 16, 2009 7:09am
Quoting lrathi
... Any possible to have another version of change in colour of TRIX bars at PEAKS and Valleys? Perhaps with arrows too. Entry and exit will be earlier and thus more pips
Nice idea! You receive from me the indi.
  • #874
  • Jul 15, 2009 8:24pm Jul 15, 2009 8:24pm
You are probably correct. I'm trading live with my broker Oanda. I just use Alpari for the MT4 platform.

Quoting 137
i didn't think Alpari offered 1c per pip. i thought their smallest lot size was 10c per pip.
  • #875
  • Jul 15, 2009 8:26pm Jul 15, 2009 8:26pm
Well I fit into that almost zero group. Anything that can assist trading, especially utilising such a simple system has my attention. Please, I'd be interested in your EA progress.

Regards.



Quoting TudorGirl
Hi All,



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
where thought goes energy flows
  • #876
  • Jul 15, 2009 8:39pm Jul 15, 2009 8:39pm
Quoting gerry berard
Edge. I want to thank you for your Trading system.I have been trading for 8 months and losing money trying a lot of systems out there, but since I started using your trigger system I finally believe that I can make money trading forex. I am using your 1 hour template and trading the 1 hour charts am doing great.

Thank again Kevin
Glad to hear another H1 trader trading edge system.

What is the H1 template on offer?

Possible to post here?

Thanks
  • #877
  • Jul 15, 2009 8:40pm Jul 15, 2009 8:40pm
Quoting lrathi
http://ckowyong.com/blog/
I believe this type of promotion is not allowed on FF.
  • #878
  • Jul 15, 2009 8:43pm Jul 15, 2009 8:43pm
Quoting redhouse
I believe this type of promotion is not allowed on FF.
If it is free site I see no reason why....

Encouraging EA traders to see what is already in place.... A collection of 2000+ like minded traders chasing the same dream of robot trading on MT4.....
  • #879
  • Jul 15, 2009 8:52pm Jul 15, 2009 8:52pm
Here is my screenshot of my second trade. Hopefully this will be another successful detination. Also, I gotta pick up the speed on posting my charts!
Attached Image (click to enlarge)
Click to Enlarge Name: 2nd trade.gif Size: 33 KB
  • #880
  • Jul 15, 2009 8:57pm Jul 15, 2009 8:57pm
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...
Hey Anne...

are you jocking?
how can you say that results aren't good??

Today i've lost 35 pips...and your EA has gained...so i'm more stupid than the EA..

I think you can do a great work on an EA...and i'm seriously interested in it!!!

I've tried to create one..with ATR SL & TP...and it seems that on 1H works fine on backtest...but less in realtime
But i'm not a programmer...i don't know how to code some things i would...
Market is like a puzzle, YOU have to fit the pieces!!
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