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C4 Scalping

  • #1,601
  • Jul 19, 2009 5:52pm Jul 19, 2009 5:52pm
Quoting tex
is there a 12 lwma indicator available that sounds an alert if pa crosses the line ?

thanks,
tex
Hey. alter pokerspieler, time for sleep *sfg
  • #1,602
  • Jul 19, 2009 5:57pm Jul 19, 2009 5:57pm
First 73 pips of the week.
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  • #1,603
  • Jul 19, 2009 5:57pm Jul 19, 2009 5:57pm
hehe yes indeed, have to get up and go to work in about 3 hours


Quoting Zendo
Hey. alter pokerspieler, time for sleep *sfg
  • #1,604
  • Jul 19, 2009 6:11pm Jul 19, 2009 6:11pm
Trix Trend Cycle :

Based on Schaff Trend Cycle, it substitutes Trix for the MACD that Schaff uses. It is a combination of exponential and simple moving averages in Trix and it seems better than exponential alone.

A buy or a sell on the change of slope : when it ticks up from zero (bottom level) for a buy and down from 100 (top level) for a sell or on ...

A change of direction inside these particular zone (at 50-level - middle line).

It will keep you in a trend longer than most indicators do.

And as always the idea behind this indy is to help reduce whipsaws.


Cheers !
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File Type: mq4 Trix Trend Cycle.mq4   4 KB | 845 downloads
  • #1,605
  • Jul 19, 2009 6:21pm Jul 19, 2009 6:21pm
Quoting OrAnGu
First 73 pips of the week.
Great trades. Not the most difficult process to follow.

A signal is a signal is a signal. Will win way more than lose.

Regards.
  • #1,606
  • Jul 19, 2009 6:24pm Jul 19, 2009 6:24pm
Quoting paradoxical
Swingman, I have your Trix MtF 4 col on several charts, and the alert box kept popping up every few seconds, so I turned the alert off, and the alert box still keeps popping up. There's no way that should happen if I have it OFF, should it? This is happening on every siungle pair.

Same here.
  • #1,607
  • Edited 7:04pm Jul 19, 2009 6:48pm | Edited 7:04pm
first trade of the week. i'm having difficulty using the smTRIX values to trigger trades with my EA. i would like the EA to initiate trades for the first 3 candles of the new Trix trend but the problem is previous Trix values can be 0. but in an uptrend Trix down values are also 0 (i think). so does anyone know how i can tell the EA to buy when one of the previous 5 Trix values are 'green'. thanks!

see attached image for example:
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change the future, not the past
  • #1,608
  • Jul 19, 2009 6:48pm Jul 19, 2009 6:48pm
Missed the early worm this morning here in Tokyo but took my first nibble on the Eur/usd.

Daily target is 4 trades at each market opening so in theory at 5 pips per trade would end up with 60 pips per day.

T/P 5 pips and S/L 20 pips enter when PA has crossed the 14 LWMA and Trix closes abouve the zero. So simple that even an oldFart like myself can follow a simple checklist with 2 items ( as opposed to following a 200 item pre-flight checklist on a Airbus 300).

Dave W
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  • #1,609
  • Jul 19, 2009 7:00pm Jul 19, 2009 7:00pm
Quoting DaveW
Missed the early worm this morning here in Tokyo but took my first nibble on the Eur/usd.

Daily target is 4 trades at each market opening so in theory at 5 pips per trade would end up with 60 pips per day.

T/P 5 pips and S/L 20 pips enter when PA has crossed the 14 LWMA and Trix closes abouve the zero. So simple that even an oldFart like myself can follow a simple checklist with 2 items ( as opposed to following a 200 item pre-flight checklist on a Airbus 300).

Dave W
glad to see you are liking your setup. question though. when you have two losing trades in a row, which will happen in this insanity, aren't you going to feel a little demoralized knowing it's gonna take 8 winning trades in a row to get you back to even? not trying to criticize your approach, just wondering how you would handle this scenario. cheers
change the future, not the past
  • #1,610
  • Jul 19, 2009 7:06pm Jul 19, 2009 7:06pm
The risk/reward is a little messed up (no offense)

you require a 88% hit chance JUST to break even, assuming 2 pip spread, -20 SL and +5 TP

As per trading probability spreadsheet (forgot who uploaded it)




Quoting 137
glad to see you are liking your setup. question though. when you have two losing trades in a row, which will happen in this insanity, aren't you going to feel a little demoralized knowing it's gonna take 8 winning trades in a row to get you back to even? not trying to criticize your approach, just wondering how you would handle this scenario. cheers
  • #1,611
  • Jul 19, 2009 7:14pm Jul 19, 2009 7:14pm
@ 137;

I am only getting two colors, RoyalBlue and MeduimSpringGreen, when I use your iZeroAlpha indicator. Can you post your indicator again please.

Thanks in advance,

TimeFreedom
  • #1,612
  • Jul 19, 2009 7:22pm Jul 19, 2009 7:22pm
Quoting TimeFreedom
@ 137;

I am only getting two colors, RoyalBlue and MeduimSpringGreen, when I use your iZeroAlpha indicator. Can you post your indicator again please.

Thanks in advance,

TimeFreedom
hi TimeFreedom

you're absolutely right. i wasn't specific enough in my previous post. what i meant was MediumSpringGreen. so this colour as well as RoyalBlue are what you should be seeing. so no problems with the original upload.
change the future, not the past
  • #1,613
  • Edited 7:52pm Jul 19, 2009 7:40pm | Edited 7:52pm
POST # 1384 ?

Quoting Chasem
The risk/reward is a little messed up (no offense)

you require a 88% hit chance JUST to break even, assuming 2 pip spread, -20 SL and +5 TP

As per trading probability spreadsheet (forgot who uploaded it)
where thought goes energy flows
  • #1,614
  • Jul 19, 2009 8:13pm Jul 19, 2009 8:13pm
Quoting Chasem
The risk/reward is a little messed up (no offense)

you require a 88% hit chance JUST to break even, assuming 2 pip spread, -20 SL and +5 TP

As per trading probability spreadsheet (forgot who uploaded it)

Chasem and 137.

As Edge has often quoted, it is all down to "Probabilities".

If I look back at my charts and see that when the stock market here in Tokyo opens, the PA will start moving, sometimes with the trend following Sydney and sometimes against the trend. Either way my simple mind tells me that it is "Probable" that today the price will also start moving one way or the other.

Why does everyone on this forum concentrate on the times as set out by Edge in post #1. The reason is that looking back, those times are when the price will "probably" make a move.

I look for a move of 7-10 pips depending on the pair to make my target, Eur/Usd made 37 pips this morning, but that is not important, what is important that the pair made 5 pips. Eur/Jpy made 100 pips this morning, Aud/Usd made 20 and Gbp/Usd was a little late out of the gate but managed 29.

As for a stoploss of 20 pips, I am not a machine and occasionally i need to visit the bathroom or go outside with the dog so that S/L is there just in case. In normal trading (because that is what we are meant to be doing - trading) I measure the PA against the action of the Trix and MA as well as the most recent swing high/low (the line of red dots on my charts) and make decisions using what little experience I have.

Admittedly, it is difficult to shake of the feeling of doom and gloom when you suffer a loss but if I can manage the few losses to within the b/e - 20 pip range then I can live with that.

The most important thing is MM and compounding. A simple spreadsheet with account balance, risk factor will give you the amount to trade every trade so you can crawl slowly up the hill to financial freedom (as I assume that is the goal of everyone reading this post).

Anyway, thanks for your interest. Having been hanging around here for quite a while (I started about the same time as James16 and Vegas) I have finally found a method of trading that suits me and for that I can thank all those who contributed and of course especially Edge.

Arigato Gozaimasu.

Dave W
  • #1,615
  • Jul 19, 2009 9:17pm Jul 19, 2009 9:17pm
I believe there is a bug in the alert feature in the MTF PV 4 color trix. I was even getting incorrect alerts such as a down alert when it should have been up. I have deleted that indicator on the time frame I'm using and use the MTF v1 instead.
Quoting fxshadow
Same here.
  • #1,616
  • Jul 19, 2009 9:32pm Jul 19, 2009 9:32pm
On that note, I also correct my previous post about the alerts not working.
They do not work on the ultraSuperTRIX_MTF_v1
but they do work on the ultraSuperTrix_v2. Maybe when swingman returns he can have a quick look.
  • #1,617
  • Jul 19, 2009 9:35pm Jul 19, 2009 9:35pm
no signals yet because Trix Up value has not reached 0.0001 on any of these bars. a signal is confirmed by a bullish candle of at least 3-5 pips.
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change the future, not the past
  • #1,618
  • Jul 19, 2009 9:52pm Jul 19, 2009 9:52pm
Quoting Edgetrader
Was indeed a very good post by Mark and THX!!!

As you no doubt read yesterdays postings. I mentioned that I was not concerned on which TF a trader trades. The signals are all the same, regardless of TF.

There are both aggressive and conservative traders here. My concern is to trade the base signals as generated and to become proficient at doing so. If someone cannot accomplish trading a MA cross with a momentum indi confirmation, I do not see them succeeding on ANY TF.

Sure, you have plenty of folks who would like to tackle the 15M TF here....
Well said edge..especially the part about account value, not pip accumulation. I have talked about this exact thing with others and happen to know a person that makes a living trading and only takes 5-10 pips a day..and then closes down the charts and enjoys other things in life...It took me a long time to understand this, as I was always taught that you had to look at bigger moves to be profitable....maybe for some this is true...but for the average trader I think 10pips a day would be a great business model....It's also important to note that the individual I speak of sticks to his strategy faithfully and opened his account with 20K...but with hard work and great people like you, TG, and SwingMan....I think we can all achieve our goals if we just stick to our plan and trade it...
  • #1,619
  • Edited 11:03pm Jul 19, 2009 10:06pm | Edited 11:03pm
Quoting Edgetrader
Nope, that one you have to earn. See post #1517.
Not so clear to me....

Cannot share renko indicator because it is commercial...(understandable)

Is TG C4 commercial too? The information about the MA commercial too?

Request was for indicators and template.

WHY DOES ONE HAVE TO EARN THIS? All other ideas and indicators are shared freely and to all members without earning......

What exactly does EARN mean in this context?

Thanks,

Edge do you answer for other programmers on the thread too?

Pip Chaser (http://www.forexfactory.com/member.php?u=84014)
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TudorGirl,

Can you please post your indicators/template for this posting? http://www.forexfactory.com/showpost...postcount=1585 (http://www.forexfactory.com/showpost.php?p=2884982&postcount=1585)

I would like to try trading with the renko candles. Thanks, PC
  • #1,620
  • Edited 11:05pm Jul 19, 2009 10:17pm | Edited 11:05pm
Quoting TudorGirl
Hi Kostas,

I could add this but it is easy just to turn off EAs in the MT terminal say Thursday evening. I do this around news times etc anyway and other times I don't want to trade.

Anne

Edit.. PS Just seen Indrek's simultaneous reply!!
In my reading of EA users many are using Virtual servers for when trading EA for MT4.

This feature is added by many EA programmers for valid reasons.

What you do and what others do will differ due to more trading experience.

Is your EA only for use as you see fit according to your trading experience? OR perhaps automation to its fullist? Accommodating experenced trades ideas too.....
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