C4 Scalping

SwingMan, have a question about you new MTF_PV indicator
Please look: top one is the your regular (I assume 5m) and below that
is the New MTF_PV .. How that's possible that 5 min
is GREEN (and there is no visible downturns on the chart) And 30 min
is red (though I understand it's in the upward position means BUY area)
Why it colored RED ( what that means?) thanks.

1. Save the template for your chart under "xxx.tpl".
2. In the folder "...main/templates" you find this template.
3. Open the file per double click with the editor.

4. With "search" search in the file the old indicator name, or only a part of the name, e.g. not the full name "smSuper TRIX_MTF_v1", only "mtf_v1".

5. Replace it with the new indicator name (e.g. oldName_v1 with oldName_v1.1). Save the changes under the same or an other file.tpl name.

6. Load the new changed template in your chart and you have the old settings.
It gives only problems if the new program version has other parameters as the original, and in this case you must delete and replace manual the indicator in the chart.

Note: instead of "xxx", you can also use "yyy" or "zzz" ...

Hi Kyote,
Great to hear of your successes! Keep it up! I'm rooting for you.
And I'm glad to have "put some pants on" working the FX market.
Although, in general I'm wary of high profile "press". I much rather just have a kind word thrown at me.
-just a simple god-fearing, hockey-mad, family-loving Canadian, I guess.

But I must say, I'm fond of south Fl- recently snatched up some property down there.

For me, the edge template with its WMA and TRIX (ATR derivative) needed some pants.
Edge has shared a highly positive trading style/method with us all. I needed a way of controlling detonations from a P/L point of view. I personally cannot have static TP's and Stops.
"PA" fills that gap literally! A third dimension to price and its intentions.

That's it for me, may you realize as many trades as possible.
Catch ya' later.

J

SW, ok, got it..

Maybe if you load the "smSuper TRIX_PV_v1" indicator you can better understand how this is functioning for single bars.

In the MTF indicator you have the same colour change logic but for a bar group (30 / 5 = 6 in your example). All other can you explain @lRathi, because she wanted to have this indicator, I only have done the programming.

If you are in the M1 time frame, the Candles indicator paint the colours for this time frame and the colours corresponds to the single Trix indicator (not MTF). To check this, please load the indicator.

While playing around with the kino_T3MA_ribbon indicator (setting MA12 and MA14) I realized, that the cross of the candle with the ribbon are exactly the Trix crosses.

That would give a really clean chart...

Thank you very much, I will do so next time you update any of your Trixes
But this PV version IS wonderful as it helps to eliminate majority of bad trades. As I do not scalp then it is not a problem for me to have only few signals if they are really good.

But if the signals match exactly then the "clean chart" with only these two means the same as using only Trix alone? No primer, only trigger? It cannot be right thing to do?

By the way, I did not find this kino indy in this thread???

Kyote,
in reference to price action;
when you look at 30min. eur/usd i see 3 red stars;
1)-at 1.4140 , 2)-at 1.4118 ,3)-at 1.4057
from those 3 ,two have been recently resolved by down trend , so only the 3rd one is left to be resolved at 1.4057. That one becomes the target. Is that correct?
Or do you only look at the 5min chart and take the two unresolved stars at-1.4109 and 1.4100 and they are your target for short?
Thanks,

As with any thread, we started out all over the place. No organization, a bit of bickering, a plethora of indicators introduced, talk immediately of "ea's", looking to higher TF's, failure to use the plan setup's as designed, and yet it seemed to end as a positive week.

There were many who applied their efforts as asked, threw in chart shots of their trading efforts and in general seemed content to muddle through the first week without getting totally disgusted.

There were a few who brought forth some indicators that many incorporated into their trading efforts. A simple click on the upper right corner 'paper-clip' will allow you to review any indi you think prudent. I too have a couple of modest changes that are already on the edited #1 posting.

There is a 'ea' being utilized that was set forth 10 pages ago or so. It is a link to a page to get it if so inclined. There is another 'ea' being worked on by a top thread contributor that is still undergoing testing. Everyone waits impatiently (mostly) for that.

And there is focus on the Trix indicator. It is my own preferred 'detonator' and has served well for quite some time. A challenge was set forth to thread followers to submit an indicator that was more efficient. None passed muster in this regard. There are lots of indicators that are close to performing along the same lines as the Trix and can be used as 'augmentation' or 'confirmation' indicators, however, none can unseat the patriarch as of todays posting.

As such, where do we stand and where are we headed? Well, we still have a very basic trading plan in place. Is VERY simplistic and needs only a 'primer' and 'detonator' to trade such. Have shown my preferred choice on this in post #1, and will leave it to each individual alone to choose that which makes them comfortable.

We have, in general, aggressive and conservative traders in our ranks.

Aggressive traders will trade every signal provided and gain needed proficiency trading the method as quickly as possible.

Conservative traders seem to like the 200 EMA and Trix MTF as filters to take trades only in the direction of a dominant trend if present. Either way is fine and serves to get a traders feet wet, which is the goal in week one.

We also have those who are not comfortable trading the 5M TF. That is natural too as not everyone can do so. As a natural progression, they seek a bit less PA volatility by moving to the 15M TF and trade the basic plan there instead. Either way is again, fine by me. As mentioned in the opening post, the trading plan is quite versatile and can be traded on any TF of your choosing.

There is also an ongoing difference of opinion with regards to my own 'less is more' trading concept in which I go after less pips with higher lot sizing, and others who prefer to gain more pips by means of swing trading this method or staying in moves a bit longer than the 'scalping' style sets forth.

I am not going to address this aspect any further. It is not my intention to preach one style over another. This is a simple methodology by design and how a trader chooses to use it is a matter of personal taste. I am more concerned that a trader simply becomes more proficient with less indicators and trades as well as they can.

OK, what does week TWO bring? Here are my own thoughts on how this thread can progress and what I would like to see.

1 - As 70% of thread postings are in tune with new indi introduction, that needs to cease. Everyone has had a full 7-8 days to check out all their personal favorites, throw them on a chart and present them for inspection. Not much has happened other than to make the thread approach 100 pages in only a weeks time. That is detrimental to future followers as it is simply way to many pages to catch up on. Further, nobody has, as of yet, been able to proof-up their indicator submissions with trading results. So, they are just a personal choice.

2 - This week needs total focus on presenting trades taken via your chart shots of such. Mark the trades via drag and drop, pricing tags, vertical lines or whatever. Use your favorite indicators as you wish. Trade the TF's you wish. However, everyone learns best in this by visual association. How about give it a go.

3 - As there are some more 'technical' issues being resolved with regards to 'ea' development, please post and communicate with those of like minded efforts as you deem prudent. It is only to be beneficial to the community and scientist need to communicate to create. I think it best to just let you folks do what it is you do.


OK, there are my thoughts. The first week is past and the 'flavor of the week' luster is diminishing. Lets see if we can actually throw some trading efforts into the mix here. If we cannot move forward and gain actual proficiency in laying small charges and hitting some targets, then we cannot move forward towards more intricate devices. This is really basic material here, and we all crawl, walk then run.

We are still crawling but have managed to right ourselves and sit up on our own most of the time. Lets gain some better dexterity and coordination this week.


Regards.

:
Yea, I think your right, there goes my George Bush theory.

Edge will it!

Please post charts, entry, exits, how many pips the butterfly catches, etc...



Just kidding, different strokes for different folks, whatever helps your trading, Edge might say....

- I have seen in the charts from your post #1 that you use the Trix average settings (E,E,E) and this is good so!
For this reason I poste a version 2 with this default setting so they must not change.

- In the same charts I have seen the C4Scalping Candles, but in text is remaining the recomandation for the Hashi candles.

Hi,
For some reason I cannot get either the smSuper Trix-MTF PV or SmSuper Trix_MTF V 1.1 to display. when I insert the indicators I get a blank window.
Any help will be much appreciated.
Thanks

I think you should start a separate thread about this, with all the brainstorming & cerebral tug-of-wars that go on between, you & TG, as Edge said, I think you'd find your answers within the week. On a serious note that may best be put on a NASA secured server forum, if that exist.

Thank you Edge for the whole, primer trigger kiss concept, I had often mixed/ matched indicators at random more than anything else. You've probably laid the foundation for many, many, very good FF threads for years to come....

I thought the candles were in HA format.

The trix is the most current I have, must have missed something as I have no version 2.

I know that what I have on the charts shown and what is posted on page 1 match, but will eliminate the HA reference.

Kyote I would also appreciate it if you could explain in greater detail how you use the Price Action indicator. It looks very interesting.

Thanks

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

SwingMan,
I just put your TrixPV and MTF TrixPV to my charts, looked at them for some time and then got an idea how could they be even better visually as they are now.
My idea is that there should be 4 colours for bars instead of 2. I mean that we could set different colours for increasing (present green) bars under 0 level and for decreasing (red bars) above 0 level.
Is it possible to do?