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C4 Scalping

  • #1,341
  • Jul 17, 2009 7:08pm Jul 17, 2009 7:08pm
Quoting lrathi
In your post #1333 you had MTF TRIX set at (3,mmmW) M15.

I was on the same trail of using 3eeeC on the M15 . I was going to try different settings this weekend to see what works best.

You are the trader I mentioned about the 2xTF bar of TRIX from THV.

I have been following your experienced trader charts closely. Thanks for the information Indicator too.

One more request.... to save time and effort from my side.

Is it kindly possible to attach the indicator version of TRIX 2xTF Bar you have shown on the chart on this post with...
Do you mean my last posted chart? Thats a MTF Ichimoku Cloud indi.
Or do you mean the smTrix MTF from Post 1333?
"The only successful substitute for brains is silence."
  • #1,342
  • Jul 17, 2009 7:20pm Jul 17, 2009 7:20pm
Just a small post concerning the discussion about trending or ranging markets.
You don't need any indicator to find out the market feeling.
PA is the indicator.
Take a clean H1 chart and zoom it out as much as possible.
If the candles start in the lower left corner and end in the higher right corner... right... we have an uptrend

Below 2 charts from GU.
One from May = Trending
One from now = Ranging

Wasn't that easy?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: trend.gif Size: 16 KB
Click to Enlarge Name: range.gif Size: 24 KB
"The only successful substitute for brains is silence."
  • #1,343
  • Jul 17, 2009 7:24pm Jul 17, 2009 7:24pm
Quoting Indrek
In fact, you used DMI as a trigger not Trix?
Have you compared if DMI is much better than ADX?
Actually, you are correct. I have found good results using this as long as PA, 1 H, 4H and DMI all line up, regardless of which comes first. You are getting price action, trend and volatility all on your side.

I used to put ADX on the chart, but since it is derived from DMI, I think you can use either one. I like the visual of seeing the difference between the + DMI and -DMI. The larger it is, the better I feel about the entry and profit potential.
  • #1,344
  • Jul 17, 2009 7:27pm Jul 17, 2009 7:27pm
Quoting 4xStar
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.
You got it!
  • #1,345
  • Jul 17, 2009 9:37pm Jul 17, 2009 9:37pm
Nice observation, thanks.

Quoting JillyB
Not sure I quite agree with this. If PA is below the 200 EMA then you can still take a long trade, especially if the PA is a long way below. Think of PA being on a piece of elastic attached to the 200 EMA - if it gets too far away then the elastic snaps it back towards the 200 EMA. This is noticeable in times when there is high volatility and volume - such as the times when 'Edge' has set for trading the system.

Your screenshot shows an excellent trade - but note that although price is below the 200EMA it is only just below it, giving it space...
where thought goes energy flows
  • #1,346
  • Edited 11:59pm Jul 17, 2009 11:10pm | Edited 11:59pm
Quoting Dewey McG
Actually, you are correct. I have found good results using this as long as PA, 1 H, 4H and DMI all line up, regardless of which comes first. You are getting price action, trend and volatility all on your side.

I used to put ADX on the chart, but since it is derived from DMI, I think you can use either one. I like the visual of seeing the difference between the + DMI and -DMI. The larger it is, the better I feel about the entry and profit potential.
One reason why I asked is that I have used ADX before and am quite sure that ADX is not usable at lower timeframes as it is too choppy there and is only confusing not helping. It works well at daily charts but I doubt about the lower ones.
Is DMI different somehow?
  • #1,347
  • Jul 18, 2009 12:21am Jul 18, 2009 12:21am
Quoting Indrek
One reason why I asked is that I have used ADX before and am quite sure that ADX is not usable at lower timeframes as it is too choppy there and is only confusing not helping. It works well at daily charts but I doubt about the lower ones.
Is DMI different somehow?
Nope

DMi is just an indi where you can choose to only see the DIPlus and DIMinus lines without the ADX main line. Is all.
And you are right: An ADX cross on a daily is a near-perfect tradesystem on it's own, specially for 9-5ers. On small timeframes it's not viable at all.
Not completely true as in 2007 on FF "Iandekoker" has developed a system to catch 6 pips exclusively with ADX several times per day... still trading it from time to time, trying to improve and I will maybe even open a new thread sometime in the future with this method.

Uli
"The only successful substitute for brains is silence."
  • #1,348
  • Edited 2:24am Jul 18, 2009 1:31am | Edited 2:24am
Quoting paradoxical
Swingman, I don't know what you do for living, and am surprised that you don't trade.
Because I'm a very old man, please choose you for me what should I do now :
1.- When I trade I must confine myself to concentrate on the charts, and can not develop programs for me and for you.
2.- When I develop programs I must confine myself to concentrate on the programming, and can not trade.

Your other question - I am professional freelance NASA consultant, maybe have you read that they have difficulties with the mars mission.
The problem is following: in order to save energy, they want to launch the rocket today, and yesterday they should reach mars.
OK, because of the time distorsion the problem is a bit difficult, and Einstein is no longer with us.
Sure can solve this problem Steven Hawkin's with his nine dimensional quantum gravity theory, but it works too slow...
I'm not so wise to understand integral his theory, but I have found a very simple solution: if we deduct the black holes from the nine quantum dimensions then remains only eight dimensions, and this is a solvable. This is simple because between earth and mars are no black holes!

What annoys me is that this theory does not apply to the stock market, because we can not buy today and sell yesterday with win...

- Please note that I am starting monday for 6 months to work during the day on this project (there is an urgent) and will be very little programming and posting.
  • #1,349
  • Edited 2:58am Jul 18, 2009 1:35am | Edited 2:58am
Nonetheless I added an ADX trend to my Info Indicator and removed the Equity.

It give "Trend UP" if the ADX is above the ADX level and DIPlus higher DIMinus, "Trend Down" if ADX above Level and DIMinus bigger DIPlus and Flat if the ADX is below the ADX Level.

ADX 14 and Level at 25 seems to give a good indication.
Just play around with it.

P.S. Obviously no backtest possible. For this you need to use the normal ADX Indi and play with the settings until you are happy!
Attached File(s)
File Type: ex4 DXTrade Info v2.ex4   8 KB | 531 downloads
"The only successful substitute for brains is silence."
  • #1,350
  • Jul 18, 2009 1:45am Jul 18, 2009 1:45am
Update: smSuper TRIX_MTF_v1.1
- Bugs fixed and must be a bit faster (CPU resources saving).

New: smSuper TRIX_MTF_PV
- Peeks & Valleys coloured.
.
Attached Image (click to enlarge)
Click to Enlarge Name: peeksandvalleys2.gif Size: 27 KB
Attached File(s)
File Type: ex4 smSuper TRIX_MTF_v1.1.ex4   10 KB | 1,104 downloads
File Type: ex4 smSuper TRIX_MTF_PV.ex4   11 KB | 1,000 downloads
  • #1,351
  • Jul 18, 2009 2:06am Jul 18, 2009 2:06am
Quoting Dm3554
Excellent, helpful post 4xStar .... thanks. Trying to figure out how to avoid taking trades when there's little price movement myself. The search continues ..... don't you just love it?!
In my opinion the secret feature causing many traders to loose in forex is innocently looking "chart autoscaling".
When using it price movement looks always the same and it makes very hard to get feel of a currency.
Just give it a try and switch it off. I think you will see currency movement in completely new light.
  • #1,352
  • Jul 18, 2009 2:47am Jul 18, 2009 2:47am

I've been in graphics 1M TF.
MTF indicators smtrix in 5M and 15M, was seen very well.

But not confirm how many candles to paint the sign!
O signal to be fixed?

Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 21 KB
  • #1,353
  • Jul 18, 2009 3:31am Jul 18, 2009 3:31am
Quoting Edgetrader
Indeed, this would be preferred if possible. Would like my HA candles to match color when your SM Trix turns.

Regards.
Edge,I see the MA you are using has three colours - red, yellow and blue. What is this? Is there a 3 colour Megatrend?
  • #1,354
  • Jul 18, 2009 4:04am Jul 18, 2009 4:04am
Guys, A bit of help please.

Have been followig and trading from the start, more losses unfortunatly but still learning.

I have recently added the smSuperUltra Trix MTF onto my charts and its gone blank. I cannot get anything back again now. Have tried the new v1.1 but still all black as per the below image.

Any suggestions please

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: fxdd charts.gif Size: 21 KB
  • #1,355
  • Jul 18, 2009 5:12am Jul 18, 2009 5:12am
Quoting SwingMan
Update: smSuper TRIX_MTF_v1.1
- Bugs fixed and must be a bit faster (CPU resources saving).

New: smSuper TRIX_MTF_PV
- Peeks & Valleys coloured.
.
Absolutely perfect indicators!!! Thank you very much, SwingMan!
The only trouble I have with these is that when I put the indicators to my charts then every single time I have to adjust the settings, incl colours. Would it be possible somehow to save my settings for the indicator?
It would not be a problem but I have 1 SuperTrix and 6 MTF SuperTrixes on my charts (with different settings as I use many timeframes). And when you give a new version then I have to delete all of them and start all over again...
  • #1,356
  • Jul 18, 2009 5:33am Jul 18, 2009 5:33am
Quoting paradoxical
Skyser, at the top left of your chart you'll see various symbols. If you use IBFX, the third symbol from the left is a vertical line.
Guys, I know that.. I don't want just place vertical STATIC line on chart.
What for?
I want that line pops up on the chart whenever BLUE or RED Trix Indy
error populated and not only inside the Index Window, but Across whole screen
(vertical grid Line colored the same as TRIX error) Like showing on EDGE charts (screenshots).. Ok?

Thanks.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #1,357
  • Jul 18, 2009 5:39am Jul 18, 2009 5:39am
Quoting sebastiaos
In my opinion the secret feature causing many traders to loose in forex is innocently looking "chart autoscaling".
When using it price movement looks always the same and it makes very hard to get feel of a currency.
Just give it a try and switch it off. I think you will see currency movement in completely new light.
I agree with you 100% Sebastios! Especially when I am using Renko, I sometimes look at the chart and I see (what looks like) huge bricks up then down, and I think that is real PA!

Then I zoom out and see that is is just ranging noise. A while ago I took the charts off autoscale and now I keep them set to show at least the Daily pivot, daily S1 and daily R1.

When you look at PA in the context of the "bigger picture" is shows how insignificant most of it is.

Anne
  • #1,358
  • Jul 18, 2009 5:47am Jul 18, 2009 5:47am
Hi All,

I have been thru the trades the EA took last week and a good number of the losers were either in the Asian session or between around 1100GMT to 1300GMT.

This "lunchtime" lull is precisely when Edge doesn't trade!! Now we know why!! So I have added a little extra feature to be able to set the start and stop times of opening trades. I plan to run from 0600-1000GMT and then from 1200-1600GMT. This should catch both the Asian/Frankfurt/London overlap and the London/NY overlap.

I am just putting the robot on auto on Sunday night as I have 2 days at the seaside!! Actually, Nordwijk in Holland where ESA have their offices. The building is a bit scary! We normally meet on the 3rd floor which is just at sea level - you can see the sea over the top of the dyke. I am glad that the Dutch are good wall-builders!!!

So will report back late Tue evening or Wed sometime.

Anne
  • #1,359
  • Jul 18, 2009 5:55am Jul 18, 2009 5:55am
Quoting ninpojutsu

I've been in graphics 1M TF.
MTF indicators smtrix in 5M and 15M, was seen very well.

But not confirm how many candles to paint the sign!
O signal to be fixed?

Please use the Candles_v2 indicator with two dot colours.
  • #1,360
  • Jul 18, 2009 5:58am Jul 18, 2009 5:58am
Quoting waddij
I have recently added the smSuperUltra Trix MTF onto my charts and its gone blank. I cannot get anything back again now. Have tried the new v1.1 but still all black as per the below image.

Any suggestions please
You must have in the "...experts/indicators" folder the "smSuper TRIX_v1.ex4" file.
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