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C4 Scalping

  • #1,201
  • Jul 17, 2009 9:02am Jul 17, 2009 9:02am
Quoting Chris_B
Page 78! Thanks to Glanfx!!!!
Are you sure it's on page 78? (that EA?) cause nothing is there..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #1,202
  • Jul 17, 2009 9:06am Jul 17, 2009 9:06am
Quoting SkyzerFX
Are you sure it's on page 78? (that EA?) cause nothing is there..
Post #1164, there is a clickable link in it.
******************* I'd rather make money than be right.
  • #1,203
  • Jul 17, 2009 9:08am Jul 17, 2009 9:08am
Yeah, sorry, was looking for attach... Got it now!
Thanks.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #1,204
  • Jul 17, 2009 9:09am Jul 17, 2009 9:09am
Finally, a system I can live with!

I've been trading this system live for a week or so, and all I can say is thank you, Edge. Your insight and dedication to simplicity have managed to keep me focused and on the positive side of the ledger..

Many thanks to all the contributors too, such as 4xStar, TG, lrathi, Swingman, and others I've forgotten to mention.

Humbly,
Ed
  • #1,205
  • Jul 17, 2009 9:12am Jul 17, 2009 9:12am
HI Irathi

Been following your postings in swingman thread and you are doing a great job, really good to see excellent stuff from you

TFT is really good and also acts as resistance and support and adding 200ema to it and using trix, its a damn good way to trade profitably.

Just that we need to keep our eyes open to divergences so we can take an oppurtunity to take in the pips

nisha

Quoting lrathi
Good to see another divergence trader with C4

In the past I know the usefulness of TFT which I see again in your charts.

For those MTF traders

Find MTF SSL also known as Gann HILo and TFT
Trend is your friend...
  • #1,206
  • Jul 17, 2009 9:13am Jul 17, 2009 9:13am
Quoting TudorGirl
Hi PG

I am genuinely flattered! But this is not a competition to see who can make the most pips!! Edge's "less is more" philosophy teaches us that the pip-count is not important. It is reaching your own goals that matter. Some folk go for just +10pips a day. Others want hundreds.

This is about finding yourself and your own "comfort zone" as a trader. I use the M5 (as that is where Edge started us off) but I also like the H1. My personal preference is for an EA since I have a busy life and would rather spend it in other ways than watching...
Hi Anne

I have finally got through all the posts on this thread, I have set up my charts and taken some trades, some successful, some not
I really have a lot of appreciation for Edge for creating this thread and sharing this system.
Your success certainly is inspirational
Here are my chart set ups

Best wishes

PGPB
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  • #1,207
  • Jul 17, 2009 9:18am Jul 17, 2009 9:18am
Quoting enewbold
Finally, a system I can live with!

I've been trading this system live for a week or so, and all I can say is thank you, Edge. Your insight and dedication to simplicity have managed to keep me focused and on the positive side of the ledger..

Many thanks to all the contributors too, such as 4xStar, TG, lrathi, Swingman, and others I've forgotten to mention.

Humbly,
Ed
Thx for taking an interest. Anything we can do to help let us know.

Regards.
  • #1,208
  • Jul 17, 2009 9:20am Jul 17, 2009 9:20am
Question: for "200ema" can I use just MT4 included
Indy named "Moving Averages" or we have special Indy for that?

Thanks.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #1,209
  • Jul 17, 2009 9:20am Jul 17, 2009 9:20am
Quoting pgpb
Hi Anne

I have finally got through all the posts on this thread, I have set up my charts and taken some trades, some successful, some not
I really have a lot of appreciation for Edge for creating this thread and sharing this system.
Your success certainly is inspirational
Here are my chart set ups

Best wishes

PGPB
Looks good.

Fire away and good trading.

Regards.
  • #1,210
  • Jul 17, 2009 9:21am Jul 17, 2009 9:21am
Hi Glanfx
Thanks for the tip on the MM EA. One problem I have with it is that each time you close part of the position and reopen with the balance of the order, you pay additional spread to the broker. It is possible in MT4 to close part of an order leaving the balance of the order still open. You may need to speak to your broker to check first that you can do it and secondly, how you do it. I don't know if you can program or if you have the code for the EA but maybe it could be changed so that only one order is filled and then pogressively closed.

Sorry this is a bit vague but when we are scapling for 10 pips or so, I think your EA may give most of your profit to the broker - unless you have shares in the broker's company!!
Karl
  • #1,211
  • Jul 17, 2009 9:22am Jul 17, 2009 9:22am
Quoting SkyzerFX
Question: for "200ema" can I use just MT4 included
Indy named "Moving Averages" or we have special Indy for that?

Thanks.
The one under 'trend' and then the 'moving average ' singular is what I use.

Regards.
  • #1,212
  • Jul 17, 2009 9:25am Jul 17, 2009 9:25am
Quote
I do have a couple more tools for the bag that everyone is going to have some fun with. Really want to make sure everyone sees at least potential here first. Am seeing a few postings indicating LOSING days of a consecutive nature. UNACCEPTABLE!!!!! REFUSE TO LOSE. Need to be able to post positive days with the M80 charges first. Moving to C4 is less troublesome from a PA perspective, but will require extreme focus. Takes about a hour a day at best most of the time.

hello edge,

your thread is progressing well. with a little skirmishes n squabbles along the way. what is next, when the buffet of indicators has ended??

as per the quote above. which u made in 1 of your posts on page 74. i am anxiously waiting 4 u 2 open your pandora's box!!

will people be swept to endemic heights with what u will reveal?? or will all hell break loose n people will be disappointed??

hope u will update what u will reveal on your first post. what u reveal may make u a legend on ff. along with the likes of merlin, jacko, j16 n others. i await 2 c what u have prepared with bated breath.

may i also hazard a guess about what your profession is or has been?? because of your eloquent post and the articulate-ness u wrote them. especially after seeing your poetic war with notch on paulus's tm thread. i don't know u personally. so i guess you're either a teacher or a writer.

trade well. good day
  • #1,213
  • Jul 17, 2009 9:38am Jul 17, 2009 9:38am
Hello Syahmi,

I find template very interesting to her.
Can you Post your Template?

Thank you in advance.
trader-hawk
  • #1,214
  • Edited 9:47am Jul 17, 2009 9:46am | Edited 9:47am
Quoting jacson101
Hey El,
Not necessarily!
The gamma distribution of these red stars, being resolved is relatively high across all timeframes. As a percentile, 95% +/-.
Try mathlab to measure it.

To go to Edge's post about limiting your time and exposure to the currency markets.
I agree! thus C4 off a 5min.

My apologies for the quant quackery.
I will go now.
Hi jacson,
The principle behind the PA does make at least some sense.
I assume that you have some real stats on this . So resolved within how many candles?
Or what are the chances that the next swing in that direction will resolve it - rather than the one after that, or so on?

Ian
  • #1,215
  • Jul 17, 2009 9:58am Jul 17, 2009 9:58am
Check my previous post in a moment yeah... TQ.

Quoting trader-hawk
Hello Syahmi,

I find template very interesting to her.
Can you Post your Template?

Thank you in advance.
trader-hawk
  • #1,216
  • Edited 10:08am Jul 17, 2009 10:00am | Edited 10:08am
Quoting scartree
Hi Glanfx
Thanks for the tip on the MM EA. One problem I have with it is that each time you close part of the position and reopen with the balance of the order, you pay additional spread to the broker. It is possible in MT4 to close part of an order leaving the balance of the order still open. You may need to speak to your broker to check first that you can do it and secondly, how you do it. I don't know if you can program or if you have the code for the EA but maybe it could be changed so that only one order is filled and then pogressively closed....
Hi, whether close of part of an order is available manually depends upon your broker.
But of course you can close part of an order in MT4 with an EA.

Here is the syntax of the Close Order statement in MQ4:-


Function OrderClose()

bool OrderClose (int ticket, double lots, double price, int slippage, color Color=CLR_NONE)It is a function used to close a market order. The function returns TRUE, if the trade is performed successfully. It returns FALSE, if the trade fails.
Parameters:
ticket - the unique number of the order.
lots - the amount of lots to be closed. It is allowed to specify a value that is less than the available amount of lots in the order. In this case, if the trade request is successfully executed, the order will be closed partly.
price - close price. This parameter is set according to the requirements and limitations accepted for performing of trades (see Order Characteristics and Rules for Making Trades (http://www.forexfactory.com/trading/orders) and Appendix 3 (http://www.forexfactory.com/appendix/limits)). If there is no requested price available for closing of the market order in the price flow or if it is outdated, this trade request will be rejected; if the price is outdated, but found in the price flow and, at the same time, its deviation from the current price ranges within the value of slippage, the trade request will be accepted by the client terminal and sent to the trade server.
slippage - the maximum allowed deviation of the requested price for closing of the order from the market price (in points).
Color - the color of the closing arrow in a chart. If this parameter is unavailable or its value is equal to that of CLR_NONE, the arrow will not be displayed in the chart.


If the program contains information about the type of the order to be closed, about its unique number, as well as about the amount of lots to be closed, then it is very easy to close the order. For this, you should use in the program code the OrderClose() function call with preset parameters. For example, if the unique number of the order Buy is 12345 and if you want to close 0.5 lot, the call to the function closing the order may look like this:
OrderClose( 12345, 0.5, Bid, 2 );In order to decide about what orders and in what sequence should be closed, you have to have data of all orders opened in the current situation. In MQL4, there is a number of functions that can be used to get various data that characterize any order. For example, the function OrderOpenPrice() returns the value of the order open price (or of the requested price for pending orders), the function OrderLots() returns the amount of lots, the function OrderType() returns the type of the order, etc. All functions that return the values of an order characteristic call at their execution to the order that has been selected by the function OrderSelect().

Naturally you would need the mq4 version of the EA to be able to change it.

Ian

P.S. For any EA trading real money, I would recommend the It use the OrderReliable.mqh suite of calls rather than calling the order management functions manually. OrderReliable has error detection and retry built into it.
  • #1,217
  • Jul 17, 2009 10:09am Jul 17, 2009 10:09am
Quoting Indrek
dailyfx.com calendar that I use says that this news is of LOW importance.

High fellow traders. Perhaps this will help clear things up re the news.
Although Building Permits were listed as LOW at the same time Housing Starts were released and they were HIGH and they were in fact greater than market expectations.

See attachment

Regards

A51
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  • #1,218
  • Jul 17, 2009 10:18am Jul 17, 2009 10:18am
Quoting ianf0ster
Naturally you would need the mq4 version of the EA to be able to change it.
Ian, if you know this EA that well , maybe you can just fix it, when you
have time?

Thank you.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #1,219
  • Jul 17, 2009 10:53am Jul 17, 2009 10:53am
trades from today

I am starting to really like this system

+67 pips

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  • #1,220
  • Jul 17, 2009 11:07am Jul 17, 2009 11:07am
Quoting roto7gl
trades from today

I am starting to really like this system

+67 pips

Attachment

Hi roto,

i marked your entries on the chart.
Can you please explain why you took this trades?
Cant see why you enterd if we stick to the rules Post #1.

Thx for help!
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