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C4 Scalping

  • #1,121
  • Jul 16, 2009 11:32pm Jul 16, 2009 11:32pm
Quoting cgforex
I thought somewhere in this thread it was said that the SMTrix did not repaint once it turned a color. Today it repainted several time, I think that is going to happen until the current candle closes is that correct???
Hi cg...

The current candle will always repaint until it is closed. If you are using the MTF Trix say on a 5M chart and you have the MTF Trix set to 15M, several bars may repaint due to the fact it represents 15 minutes on a 5M chart. Again you need to watch price action and just not take every trade that is presented by the Trix indicator.
  • #1,122
  • Jul 16, 2009 11:54pm Jul 16, 2009 11:54pm
Quoting jacson101
Thursday afternoon greetings,

Max- Price action in and of itself can be extremely complex.

But simply,
I've attached a real time chart of Sterling/Dollar.
Once we get a C4 explosion down- that little RED star( unresolved bear will be my target).

The indi has three functional components:
1) Red Stars- Outside Vertical Bars- these need to have price resolve itself both above and below( meaning price needs to close above and below the candle with a red star)
2) Blue Stars- DBHL/ Double bars high low.( works better on higher time frames)
3) Gold...
I've been in the game since 2005 and your Price Action RED Star TP is like a magic wand. Used it to bag nice pips short on EU,EJ, UJ in Asia session. Would like to learn more about this indy. The hardest thing in forex is to know how far to run with a winner. Red Star is right on the money. Thank you.
  • #1,123
  • Jul 17, 2009 12:08am Jul 17, 2009 12:08am
Quoting ozziedave
Hi cg...

The current candle will always repaint until it is closed. If you are using the MTF Trix say on a 5M chart and you have the MTF Trix set to 15M, several bars may repaint due to the fact it represents 15 minutes on a 5M chart. Again you need to watch price action and just not take every trade that is presented by the Trix indicator.

Dave,

Thanks I'll check the settings...I have been mainly using SMTrix on a 15M chart..little less whipsaw...at least for me...but yes it was the 5m charts that is was repainting...thanks 4 the heads up
  • #1,124
  • Jul 17, 2009 12:12am Jul 17, 2009 12:12am
I am trying to find the dashboard and went through each page of attachments. I was unable to find "basket trader dashboard latest version 5.1"

Sorry to bug you, do you know where specifically it is? I'd really like to see it in action for this mornings session .

I had a great day today with this method and look forward to many more!

Cheers

Quoting lrathi
Swingman's dashboard has a column called combi trend and coded to automatically rank the currencies in REALTIME according to trend strength.

I use it all the time. I suggewst checking it out.

Links on this thread already!

Called basket trader dashboard latest version 5.1
  • #1,125
  • Jul 17, 2009 12:12am Jul 17, 2009 12:12am
Quoting Kyote
I've been in the game since 2005 and your Price Action RED Star TP is like a magic wand. Used it to bag nice pips short on EU,EJ, UJ in Asia session. Would like to learn more about this indy. The hardest thing in forex is to know how far to run with a winner. Red Star is right on the money. Thank you.

Seems to be very similar to using Fractals...maybe wrong..but I use them to enter or add on to an existing trade....
  • #1,126
  • Jul 17, 2009 12:22am Jul 17, 2009 12:22am
Quoting DarkDays
I am trying to find the dashboard and went through each page of attachments. I was unable to find "basket trader dashboard latest version 5.1"

Sorry to bug you, do you know where specifically it is? I'd really like to see it in action for this mornings session .

I had a great day today with this method and look forward to many more!

Cheers

http://www.forexfactory.com/showthread.php?t=166646

See post #1. Manual and Dashboard v5.1

There is alot to read and digest if it your first experience. However, please re-read and take time. It will be worth your time.
  • #1,127
  • Jul 17, 2009 12:37am Jul 17, 2009 12:37am
Quoting cgforex
Seems to be very similar to using Fractals...maybe wrong..but I use them to enter or add on to an existing trade....
Fractals are good for entries...This Price Action RED Star gives you a clear target price to shoot for.
  • #1,128
  • Jul 17, 2009 1:07am Jul 17, 2009 1:07am
Hey Kyote can you help me to understand how to use this indi..looks great btw.
Quoting Kyote
Fractals are good for entries...This Price Action RED Star gives you a clear target price to shoot for.
  • #1,129
  • Jul 17, 2009 1:08am Jul 17, 2009 1:08am
Quoting lrathi
I guess you are trading H1 charts?
Yes, I may say so. I enter via M5 to get faster entries but after that I take care of my positions at H1.
  • #1,130
  • Jul 17, 2009 1:09am Jul 17, 2009 1:09am
Stick with the uptrend..it is gonna be a lovely day..happy pip hunting.
Quoting Indrek
Numbers show that uptrend should continue. Another question is how strong it will be.
  • #1,131
  • Jul 17, 2009 1:10am Jul 17, 2009 1:10am
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...
Anne,

I'm getting an ea coded as I can't trade those hours.
Interested to know why you went 1HR GBP?
Aside from that Edge , yourself and any successfeul proponents of this system may want to consider selling your signals via
www.rentasignal.com for us in the wrong timezones.

Terminex.
  • #1,132
  • Edited 1:40am Jul 17, 2009 1:39am | Edited 1:40am
Wow,

Early morning: +30 (Short) EU, +25 (Short) AU. All in one 5 min cande.
I hope 80% trades should be like todays ones

J.
Audaces fortuna iuvat !
  • #1,133
  • Jul 17, 2009 1:41am Jul 17, 2009 1:41am
Quoting stunna29
Hey Kyote can you help me to understand how to use this indi..looks great btw.
I hope Jacson101 will enlighten us. Just scored again on short EU, GU with Red Star Target. It is getting scary.
  • #1,134
  • Jul 17, 2009 1:52am Jul 17, 2009 1:52am
Quoting Indrek
Yes, I may say so. I enter via M5 to get faster entries but after that I take care of my positions at H1.
Glad to know that you are also trading higher TF with C4 strategy.
  • #1,135
  • Jul 17, 2009 1:58am Jul 17, 2009 1:58am
Hey Kyote, what setting do you use for this indi?
Quoting Kyote
I hope Jacson101 will enlighten us. Just scored again on short EU, GU with Red Star Target. It is getting scary.
  • #1,136
  • Jul 17, 2009 2:28am Jul 17, 2009 2:28am
Quoting stunna29
Hey Kyote, what setting do you use for this indi?
Just copied it pg#69 and read Jacson101 post pg70.
  • #1,137
  • Jul 17, 2009 3:24am Jul 17, 2009 3:24am
Quoting ozziedave
Here is an EU loser, I was waiting for the 15M Trix signal and got in too late and it cost me on this one. The good thing was the loser was followed by a nice long signal. Ended up only at a -2.
Dave, have you thought about closing the (losing) trade, if either the 15 or 30M Trix changes colour (as the 30M did in on your chart)?

Freddi
  • #1,138
  • Jul 17, 2009 3:37am Jul 17, 2009 3:37am
Just observing the Price action indy at the moment, seems to be a great addition to the toolbox.

I'm getting great results when both 5 & 15min trix switch direction at the same time, it happens a few times during the day. Also I'm getting good results when the 15min trix has already established the direction & the 5min comes "online" from the opposite direction.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Jul. 17 18.27.png Size: 53 KB
  • #1,139
  • Jul 17, 2009 3:58am Jul 17, 2009 3:58am
Quoting freddi
Dave, have you thought about closing the (losing) trade, if either the 15 or 30M Trix changes colour (as the 30M did in on your chart)?

Freddi
Hi Freddi..

Yes, I've thought about it. The problem is when the trix is hugging the zero line and it crosses back and forth you would get whipsawed to death. This is the same problem with entry when the trix is hugging the zero line. I typically like to see price break some type of swing high, swing low or support and resistance line before I pull the plug.

Have to study the charts abit this weekend and see if I can't come up with some guidelines for exiting a trade gone bad.
  • #1,140
  • Edited 10:43am Jul 17, 2009 3:59am | Edited 10:43am
Chart shots...

Yesterday... managed to get more than 100 pips (micro lots) .. mini lots 1000 pips..

But demo account only.....

Using 12WMA crossing with 29 Kijun/Tenkan... and below or above Ichimoku clouds..

Of course need confirmation from smTrix 5min and smTrix 15min below...

Thanks Edge...... appreciate a lot.....


For those interested to look into this..

Settings : Ichimoku clouds - default 9,26,52

Settings : Kijun/Tenkan - 9,29,3,9
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd1.gif Size: 38 KB
Click to Enlarge Name: gbpusd1.gif Size: 31 KB
Attached File(s)
File Type: mq4 KijunTenkan+.mq4   4 KB | 677 downloads
File Type: ex4 Ichimoku.ex4   6 KB | 588 downloads
File Type: mq4 Ichi_Tenkan_Kijun_MTF.mq4   3 KB | 684 downloads
File Type: mq4 MA in Color_wAppliedPrice.mq4   5 KB | 591 downloads
File Type: tpl c4-syblack-template.tpl   16 KB | 683 downloads
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