C4 Scalping

Yes. I think that's what I was trying to say. I've seen Murray Math lines before and didn't use them, because it made my chart too unwieldy. I have readily adopted your template for next week, as these lines are very easy to see and comprehend, and targets to shoot for as stops or take profit levels. I hear some like Murray Math better than fib lines. May be slightly off topic somewhat for those using a 5 minute chart & going for 10 pips, but maybe not if a long or short trade presents itself when the MM line is at 6/8ths, 7/8ths or 8/8ths.

Great !
Have a good week end.

lol i sent u a pm, but my question is, why highlight close. I'm sure theres a reason, I just missed it. But I personally us the price open above or below the MA as my start to a trade

This is your problem...

This is my problem!

Example:
Normal candles are green when Close > Open.

And now you have two possibilities:
Trix > 0, the colour must be green and match with the normal candle.
Trix < 0, the colour must be red and don't match with the normal candle.

Remain the solution to draw the Trix colours for the candles, and to draw arrows for the Closes. Now when you have the Close position and check the candle shape, is easy to identify the open on the other side of the candle.

I just got back to my desk and see that PA indy is getting good press.
I simply look on the 1hr. 15m, and 5min charts for unresolved Red Stars and mark them on my C4 charts. When I get C4 explosion, I simply let price run to the Red Stars that I have marked and Take Profit. I am truely amazed. RED Stars are the closest thing to Price Magnets. Enjoy the weekend.

It isn't, however, a previous poster obviously did not bother to read the early part of the thread when this was addressed. I believe it was last weekend in the thread, before any trades were even taken by anyone in order to see if the plan actually worked.

So, lets do this one more time.

The 2% calculation shown does not factor in withdrawals or losing days, which will happen. It also assumes a trader trades every day possible. These are the first poor assumptions.

In addition, it assumes trading a $2000 account with standard lot sizing, which is the same as pissing in the wind. It is a very foolish thing to do as you are asking for trouble. Standard lot margin on the pairs recommended is about $1000 per pair at 100:1 leverage. As such, this trader is only able to trade 2 of the recommended pairs and he had better win a few trades quickly or he is immediately risking a margin call. As such, he is definitely not trading without fear, and, is most assuredly unable to focus on PA and the plan. As such, he is a accident waiting to happen, and is going to hurt himself or someone else through his galactically stupid antics. This too was mentioned at thread opening.

Worse, if someone is dumb enough to trade at even higher leverage amounts, especially on a short term trading method, then they are simply not smart enough from a MM perspective to even be trading to begin with.

However, this same trader could start with a modest account size of perhaps $10,000, then this story can be told differently.

Trading at a more prudent level, say .25 lots, this same trader begins the day trading with the goal of taking appropriate setups and seeking 80 pips net for his work that day, or $200.00. In short, a 2% gain.

He is aware that at 100:1 leverage, each .25 lot traded diminishes his purchasing power by around $250 via margin requirements while the trade is live. As such, he can comfortably trade any signal developing within the four pairs recommended without cause for alarm from a margin call perspective. In fact, he could have a trade ongoing with each pair simultaneously at a total margin against the account of $1000 (approx. $250 x 4), or just 10%. Very conservative this trader is.

This trader also understands that the performance history of his chosen trading plan exceeds 75%. As such, as a PROBABILITY THEOREM trader, he has faith that his initial odds are 3-1 stacked in his favor. Also comforting is the fact that, should he lose a trade, which is inevitable, his odds increase slightly for the next trade initiated to become a winning trade. Even more, this trader understands that his maximum risk to account daily is 4% to start, or (-$400.00). Trading this plan, he knows his risk is 2 consecutive losing trades on all four pairs at a SL of -20 pips.(-20 pips x $2.50 per pips x four pairs x 2 losses = $400.00). He believes it possible, but unlikely, that his plan will produce 20 consecutive maximum loss days forcing him to abandon such.

Why? Because he has back-tested the plan, demo traded the plan, forward tested the plan at modest monetary amounts and has FAITH in the plan. He spends his time trading the plan and limits his time to potential improvements until after trading times.

In addition, he looks closely at the four pairs deemed appropriate trading vehicles and noticed how that ALL four pairs seem to have PA moves IN GENERAL within 10 minutes or so of each other. In short, they have a relatively high correlation to one another. "Shit howdy he exclaims, I get more potential bang for my buck and can spread my risk within four pairs".
In addition ,he reasons that, "if I can FOCUS on my trading and trade good setups, I theoretically could be done in only two (2) trades if they all go reasonably close to one another". Btw, this has been shown via chart shot several times recently. He LIKES HIS ODDS ON ANY GIVEN DAY!!!!!

So, enough with the account growth junk. If a trader does not think trading the plan affords them the opportunity to garnish 2% daily account growth, then they should not be trading this style and methodology. This is not for those trading for .10 mini-lot levels. That is fine to start with, however, this plan demands an attitude of 'less is more', a commitment to trading the plan as set forth, and the ability to trade with very little emotion. It is nothing more than a numbers game here.

Remember, this is only the initial outlay of a trading plan that was presented to everyone here. If a trader has so little confidence in trading this plan and attaining these relatively modest goals, then there is no point presenting other WELL ESTABLISHED facts augmenting this plan. I certainly will not waste any further time doing so if there is no point to the effort. Am quite content trading as in the past.

As mentioned a few times previously, if making $50 (.5%) daily on a $10,000.00 account is a traders goal, then this is only a hobby and their regular job needs to be both steady and very long term. This is obviously a tad more aggressive.

Regards.

Thank-you sir.

Appreciate the time and efforts.

Regards.

lol ok, was just how i do things....matters not i'll adapt, but price close and price open next bar are not always the same

Indeed, this would be preferred if possible. Would like my HA candles to match color when your SM Trix turns.

Regards.

I knew it! Edge is Yoda

Hi Chris

Well.... "Great minds" and all that...

That's fantastic! Two completely independent codes achieving the same results is very powerful independent confirmation of the correctness of the implementations. We have just effectively validated each others work!

Very best of luck with the EA - I am sure this will be an exciting trip - starts Monday!

Annie

Now that is good news for every martingale apprentice...

A simple question! What do you mean by "unresolved Red Stars" and "C4 explosion"? Can you give us an example, possibly on a chart, please?

- But for the first ticks of a bar it is so, Close = Open, and you haven't problems.



Update C4Scalper Candles_v3

- On checking the indicator with the StrategieTester I fixed a bug on drawing the dots (thanks f4mnect!).

Please replace the old versions.
.

C4 explosion means when your primer + trigger have been hit on your chart. If you still don't understand that, read post #1 in this thread.

'unresolved' means the high (if star above candle) or low (if below) has not yet been taken out .. i.e. price has not gone higher than high or lower than last red star low.

Hope that helps.

SM, now my chart window looks like Salvador Dali painting

http://www.arts-wallpapers.com/wallpaper/salvador_dali/paintings3/landscape_of_butterflies.jpg

I cannot wait for Monday!!! Thanks!!

Hi Folk
As I close the one-eyed monster for the weekend, I could not let the moment pass without saying a word about this thread. You can use the internet for all sorts of wonderful things but I find that when searching a particular subject, it ends in information overload. Having experienced the thread started by Paulus and how it degenerated into a slanging match I am encouraged by the very positive attitude of contributors to this thread. It never ceases to amaze me that so many good and generous people are so willing to help others and give so freely of their time and efforts. There is so much out there in the big world where most of the time it is necessary to be guarded against cons, scams and charletons. But here in the Edge's FF world, I feel I am amongst friends. I for one am extremely grateful to all of those folk who contribute to this terrific thread. I am really looking forward to next week - if I can keep up with this thread and still do some testing and trading. It is so exciting. Thanks folk.
All the best for a happy weekend.
Karl

Forgot to ask. On many screen shots there is Vertical LINE, when signal is generated,
as I understand this is hand made. Question is: since Chart is all the way up and
the TRIX indies with the signals are on the bottom, it's kind of hard to draw exact vertical line.
do you agree? It's possible have vertical line trough all the screen ( blue or RED)
depends on the Signal ("buy"/"Sell") some kind of Vertical Grid Line?
So bottom Signal Error point to exact Candle on top?

Just a question? Thanks!

Thanks soooo much!!!

You're the champion!

Now my charts look nice and clean!

Edge, please reply when you have a chance. Those vertical grid Lines
on your screen shots? Is that just a "Paint" made or this is a special
indy drawing those vertical grid signals? Looks good.
Thanks