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C4 Scalping

  • #1,721
  • Jul 20, 2009 11:47am Jul 20, 2009 11:47am
Quoting Tw0eleven
Thanks for the input Edge. Do you know which trix MTF indicator to use? I see several versions available. I will throw it on a chart and see how it goes...trying to keep the charts as clean as possible though

I do see how 15min was trending down at the time you took your 5min short...however, the "overall" 15min trend was still up looking left to right on the chart...I guess that's what confuses me most of the time.
Set to 15m
Attached File(s)
File Type: ex4 smSuper TRIX_MTF_PV_4col.ex4   12 KB | 606 downloads
  • #1,722
  • Jul 20, 2009 11:49am Jul 20, 2009 11:49am
Quoting enewbold
Thanks very much.

In the main chart window the MA in color wApplied Price settings are 21, 3, 6

In the middle window the MA_color_ventana settings are 12, 3

Cheers, =Ed=
As per page 1, settings are 8,3,6 and ventana is redundant so discarded.

Regards.
  • #1,723
  • Jul 20, 2009 11:50am Jul 20, 2009 11:50am
Quoting SkyzerFX
SwingMan, did Alert has to be set in INPUTS---"Alert_Signals = true" ?
Or Alert on "TRIX_PV_4col " Indy, should work by itself???
OK, for testing I have set the default on true, and all other indicators have the default value false. I think isn't a problem.
  • #1,724
  • Jul 20, 2009 11:56am Jul 20, 2009 11:56am
Quoting markfx
Yeah, it's almost time for a ReadMe file to explain the various indi's. Might be a good thing for newbies just joining in.
That would be helpful for newbies joining in, a file with updates and explanations of how to get set up properly.
  • #1,725
  • Jul 20, 2009 11:56am Jul 20, 2009 11:56am
Quoting SwingMan
If you have setted the max bars more as 500, is possible.
Or you have other indicators on your charts. At the time I have 8 charts
and the terminal don't freeze.
I have set max bars for 500 but of course, I have other indicators on my charts. I need them
I noticed that the freezing happens when some pair is giving up and down signals very often. Probably, the indicator cannot solve such quick changes?
  • #1,726
  • Jul 20, 2009 11:57am Jul 20, 2009 11:57am
Quoting markfx
Yeah, it's almost time for a ReadMe file to explain the various indi's. Might be a good thing for newbies just joining in.
I think it best to only go with what I have on page one right now.

Everthing else is clutter and does nothing to improve anything.

A signal is a signal. Trick is to be patient and let PA develop a bit.

I think that it is a good idea to notice how ALL four of these pairs move relatively close to one another. Helps a trader get a 'feel' for overall market movement. It is a 'big' picture thing.

Improvise, adapt and overcome. Lose the instinct to want pure mechanical trade signals. It will never happen as ALL indi's lag to one extent or another.

That said, put your leg behind your heard, roll onto your left shoulder and breath through your eyelids. That might be helpful also but we will wait until you let us know how that worked out for you.

Regards.
  • #1,727
  • Jul 20, 2009 11:59am Jul 20, 2009 11:59am
Quoting SwingMan
If you have setted the max bars more as 500, is possible.
Or you have other indicators on your charts. At the time I have 8 charts
and the terminal don't freeze.
Does his/her PC meet all the system requirments of MT4, I know mine doesn't, that's one of the reasons I need a k.i.s.s. system, so MT4 doesn't crash every 5 mins. Who knew having an old pc would/could improve my trading?

Don't see it under the help box, all I see is:
"The Client Terminal can operate under Microsoft Windows 98SE/ME/2000/XP/2003. Hardware requirements are limited with software ones.",
whatever that means.
  • #1,728
  • Jul 20, 2009 12:09pm Jul 20, 2009 12:09pm
Quoting Indrek
I have set max bars for 500 but of course, I have other indicators on my charts. I need them
I noticed that the freezing happens when some pair is giving up and down signals very often. Probably, the indicator cannot solve such quick changes?
Have you also freezing with the last posted versions?
  • #1,729
  • Jul 20, 2009 12:11pm Jul 20, 2009 12:11pm
Quoting SwingMan
Have you also freezing with the last posted versions?
Yes. GBPJPY changed its direction quickly around 0-line, the alert box freezed at the screen and so did the terminal. But I was able to use all other programs in my PC at that time. So, it is not that computer freezed but only the MT4 terminal.

I switched the alerts off again but it is not a good solution...
  • #1,730
  • Jul 20, 2009 12:14pm Jul 20, 2009 12:14pm
That said, put your leg behind your heard, roll onto your left shoulder and breath through your eyelids. That might be helpful also but we will wait until you let us know how that worked out for you.

Regards.[/quote]

-Quelle horreur...opps, missed a signal...back to the lab.
  • #1,731
  • Jul 20, 2009 12:16pm Jul 20, 2009 12:16pm
Chris,

Can you share your UpdatePipsEA?

Thanks in advance,

TimeFreedom

Quoting Chris_B
Monday results....

Manual trading pushing the plunger with my finger...and following the 1st post original trading plan.
(yes...i'm developing an EA but this doesn't mean that i don't focus on manual trades...one thing doesn't excludes the other...)

I'm still experimenting with updatepips EA to find the better money management for the trades.

My pips results are for:

30% of the lots / 30% of the lots / 30% of the lots
  • #1,732
  • Jul 20, 2009 12:22pm Jul 20, 2009 12:22pm
Quoting Edgetrader
...That said, put your leg behind your heard, roll onto your left shoulder and breath through your eyelids. That might be helpful also but we will wait until you let us know how that worked out for you.

Regards.
taht no thgir teg ll'I. Sorry, I mean... I'll get right on that.
I need to finish standing on my head first. It's a good way to feed the brain. I call it my UltraSuperBrainExtender...
  • #1,733
  • Jul 20, 2009 12:24pm Jul 20, 2009 12:24pm
Quoting Edgetrader
Set to 15m

Thanks Edge. After comparing the indicator you just gave me and the original...I have noticed the the newest indi will give a signal 1-3candles later than the original even though i have the same settings. Have you or anyone else noticed this??? It would appear to get you into trades a little later at times...or am I wrong? Anyone can feel free to comment on this. Thanks
  • #1,734
  • Jul 20, 2009 12:33pm Jul 20, 2009 12:33pm
Quoting Tw0eleven
Ok, I made some mistakes earlier this morning and thought I corrected them. On this trade, I waited for the Primer and Detonator to confirm the Price action I was seeing. However, I never saw more than +4 and ended up taking a 25pip loss. Also, are you suppose to close the trade when price closes back above the Primer...did I hold onto a losing trade too long??? The first couple of days trading this method last week were great...but since then, I have had loss after loss and I'm not sure why.
Hi,
I too am getting lost of losses and missing the good ones.
You might want to consider changing the settings on the Trix and on the smC4Scalper Candles to 1,1,1 for the 3 Mode_Average settings i.e Ema,Ema,Ema. It would have got you in 1 bar earlier and you could have then made your 10 pips with 1 or 2 to spare.

Ian
  • #1,735
  • Edited 12:43pm Jul 20, 2009 12:40pm | Edited 12:43pm
Quoting ianf0ster
Hi,
I too am getting lost of losses and missing the good ones.
You might want to consider changing the settings on the Trix and on the smC4Scalper Candles to 1,1,1 for the 3 Mode_Average settings i.e Ema,Ema,Ema. It would have got you in 1 bar earlier and you could have then made your 10 pips with 1 or 2 to spare.

Ian
Hi Ian,

Thanks for the reply. Currently I only use the smTrix indi. with settings of 3, 0, false and 1500. Those seem to get you in 1-3bars before the smSuper Trix MTF MTF PV 4col triggers a signal and wondered if anyone else noticed that? Or maybe I put the newer indi on my chart with the wrong settings. I haven't seen/used the smC4Scalper one.


Oh, now I'm thinking that since the MTF indi uses the 15min timeframe...perhaps that's why the signals come later. It's waiting for the 5min to line up with the 15min and since 3 5min bars = 15minutes...thus the lag. Someone correct me if I'm wrong?
  • #1,736
  • Jul 20, 2009 12:41pm Jul 20, 2009 12:41pm
Here is a simple charts outlining why I think these are good pairs to start trading with.

Quite a bit of positive correlation present daily.

Strength begets strength and weakness begets weakness.

Have marked the beginning of my day trading time until well after I stop trading. Look to see how many times the pairs move close to one another. This provides me some bang for the buck, especially trading C4 at +5 level. Can be done trading many many days very quickly.

Remember, 2% net gain on a $10k account is $200. Trading 1 full lot ($10 per pip) you can be done in 15 minutes or less if PA cooperates($10 per pip x four pairs x 5 pip TP = $200). Very little market exposure!!!!

Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: correlation.jpg Size: 87 KB
  • #1,737
  • Jul 20, 2009 12:48pm Jul 20, 2009 12:48pm
Quoting Tw0eleven
Thanks Edge. After comparing the indicator you just gave me and the original...I have noticed the the newest indi will give a signal 1-3candles later than the original even though i have the same settings. Have you or anyone else noticed this??? It would appear to get you into trades a little later at times...or am I wrong? Anyone can feel free to comment on this. Thanks
The MTF is not used for signal, just confirmation. Should be set at 3,1,1,1.

The ultra super trix pv should have the same 3,1,1,1 settings.

I get very good signals on my screen all the time. Especially important is to have the SM trix candles matching the top trix indi.

Up to the minute chart attached. Is 12:58 pst.

Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: 5m.jpg Size: 195 KB
  • #1,738
  • Jul 20, 2009 12:49pm Jul 20, 2009 12:49pm
NEW Update of all Trix_MTF files:

I've just found that the format of the alerts prices is not correct.

Please replace the files you use.

.

Attached File(s)
File Type: zip TRIX_Files.zip   64 KB | 1,520 downloads
  • #1,739
  • Jul 20, 2009 12:50pm Jul 20, 2009 12:50pm
Quoting Tw0eleven
Hi Ian,

Thanks for the reply. Currently I only use the smTrix indi. with settings of 3, 0, false and 1500. Those seem to get you in 1-3bars before the smSuper Trix MTF MTF PV 4col triggers a signal and wondered if anyone else noticed that? Or maybe I put the newer indi on my chart with the wrong settings. I haven't seen/used the smC4Scalper one.


Oh, now I'm thinking that since the MTF indi uses the 15min timeframe...perhaps that's why the signals come later. It's waiting for the 5min to line up with the 15min and since 3 5min bars = 15minutes...thus...
Use these indis only.
Attached File(s)
File Type: ex4 smSuper TRIX_PV_4col.ex4   12 KB | 838 downloads
File Type: ex4 smSuper TRIX_MTF_PV_4col.ex4   12 KB | 899 downloads
File Type: ex4 smC4Scalper Candles_v3.ex4   8 KB | 968 downloads
File Type: mq4 MA in Color_wAppliedPrice.mq4   5 KB | 828 downloads
  • #1,740
  • Jul 20, 2009 12:52pm Jul 20, 2009 12:52pm
TwoEleven,
My chart below - though I didn't take the trade.
If I had, I could have entered where the first red dotted line crosses the top solid red line and exited for +10 at the lower solid red line.

Even if I had not got out with profit b4 retrace, I should have got out at leaset on the candle marked by cross of second dotted red line and top red line for just the loss of the spread.
Note my Trix and smC4Scalper Candles are set to ema,ema,ema as are Edge's.

Ian
Attached Image (click to enlarge)
Click to Enlarge Name: c4twoeleven.gif Size: 67 KB
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