C4 Scalping | Page 92 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

scalping strategy 31 replies

Trying scalping with a 1000 bucks - Scalping is expensive! 39 replies

Scalping PIPs? 5 replies

1M & 5M Scalping System (Scalping Paradise) 21 replies

Scalping 100 pips?! 3 replies

Attachments: C4 Scalping
Exit Attachments

C4 Scalping

  • #1,821
  • Jul 21, 2009 8:29am Jul 21, 2009 8:29am
Quoting ianf0ster
Hi Edge,
That is fine for those like you you can manage 2 or more open trades at the same time. But I think most of us are not at that stage yet. Certainly it is one at a time for me, otherwise I tend to make mistakes.

Ian
Hi Ian, thanks for your reply and good work to you. +15 is better than 0 or -15! Just keep it positive and the rest will fall into place!

I also agree with your above post, since I travel a lot...I am usually trading off my laptop and have limited viewing area...so in order to see the charts well...I only keep 2 pairs up at a time. Perhaps at home I can put all 4 pairs up...HOWEVER, maybe edge or someone else can comment on this: My thinking is that while having 4 pairs up could give you great results when you are in winning trades...What about the days when you are in losing trade? You just quadrupled your losses. Say you used a 20pip stoploss...20 X 4 = 80pips lost. If I trade only 2 pairs...that's 20 X 2 for only a 40pip loss that day. Now I know some will argue that you will make 4times as much on winning days trading 4pairs, but I'm more worried about my "risk" instead of "profits" right now. Just something I was thinking about...food for thought.

Cheers!
  • #1,822
  • Jul 21, 2009 8:30am Jul 21, 2009 8:30am
Quoting Edgetrader
Pullbacks are a little tricky at times. The trades I just posted are basically pullbacks, however, I MUST see PA cross MA and then head back the other way to enter.

Even more, I would prefer the small trix to change color and then go back in the trend direction. Gives me alot more confidence in the trade as to have this happen requires deeper oscillation which is great. Not so choppy.

Regards.
I totally agree from what I've observed on these types of trades!!! Nice post!
  • #1,823
  • Jul 21, 2009 8:30am Jul 21, 2009 8:30am
Quoting vandalrpm
I had a pretty good morning. Today, I found that as it got closer for me to leave for work, I was hoping that I wouldn’t get another signal to trade. Even though I am on demo, I didn’t want my streak to end or my wins to be wiped out, which I just thought it was kinda funny/counterproductive. If I did get a signal to trade again, I am sure that I would have hesitated, but would eventually take it.

Should I go back to 10 pips or is it fine to keep using 5 Target/20 Stop?

Stop 20/Target 5
Wins 4/Losses...
Do you really want me to go there?

Which do you prefer? Pips or cash?

Regards.
  • #1,824
  • Jul 21, 2009 8:31am Jul 21, 2009 8:31am
Edge,

Here's a shot of what I mean, using the GBP/JPY as an example. It's in an uptrend, and has pulled back. To be above the TRIX line, it would need to hit 155.28. Similar situations occurred with the EU and EY earlier. Would these be situations where one could set a buy stop a pip or two above that point with their SL and TP preset?
Attached Image (click to enlarge)
Click to Enlarge Name: 7-21 gy.gif Size: 42 KB
  • #1,825
  • Jul 21, 2009 8:34am Jul 21, 2009 8:34am
Quoting paradoxical
Edge,

Here's a shot of what I mean, using the GBP/JPY as an example. It's in an uptrend, and has pulled back. To be above the TRIX line, it would need to hit 155.28. Similar situations occurred with the EU and EY earlier. Would these be situations where one could set a buy stop a pip or two above that point with their SL and TP preset?
Just my opinion...you could get a spike up in price that would get you in the trade, but then have the candle close below your Primer and/or Trix...what would you do then??? Just from what I've seen, I always wait to see if the candle can first close above the Primer before going long or close below for shorts. Hope that helps.
  • #1,826
  • Jul 21, 2009 8:38am Jul 21, 2009 8:38am
Quoting paradoxical
Edge,

Here's a shot of what I mean, using the GBP/JPY as an example. It's in an uptrend, and has pulled back. To be above the TRIX line, it would need to hit 155.28. Similar situations occurred with the EU and EY earlier. Would these be situations where one could set a buy stop a pip or two above that point with their SL and TP preset?
Sure. However, that is just guessing. I would wait until trix turned green before trying to trade it long again. I do not like guessing, I would rather act on solid information.

Also, good luck playing with the beast in a full account.

Regards.
  • #1,827
  • Jul 21, 2009 8:47am Jul 21, 2009 8:47am
Can anybody say if all the Trixes available have the alert bug that makes terminal to freeze. Or can we use any of them even with no colours?
  • #1,828
  • Jul 21, 2009 8:52am Jul 21, 2009 8:52am
Sorry to side-track abit here, will it be nice to have any indicator something like what Swingman had create on the "MagicGirl Dashboard", just the section on the strength of the single currency.

Just an idea, if we can know the particular currency e.g. CAD is very weak against others, we can focus on CAD pair to short it using C4 Scalping.
  • #1,829
  • Jul 21, 2009 8:56am Jul 21, 2009 8:56am
Quoting Indrek
Can anybody say if all the Trixes available have the alert bug that makes terminal to freeze. Or can we use any of them even with no colours?
I don't know - I am not using the alert
  • #1,830
  • Jul 21, 2009 8:56am Jul 21, 2009 8:56am
Quoting paradoxical
kimchik, the renko bars are something you have to purchase at a cost of around $30.00 to $40.00, and you can find them through a google search, as FF doesn't allow any promotions on their boards.
hey, I am not asking for the renko script, I have already bought that.

I mean the tudorgirl c4 indicator that she also has on her chart. I was asking if that one was only for her private use or if she could share that.

cheers
  • #1,831
  • Jul 21, 2009 8:56am Jul 21, 2009 8:56am
Do you, and others, wait for the 5 minute candle to CLOSE green or red before placing the trade? Or, do you make the the trade as soon as the trix is above/below the zero line?
This is where I'm confused. If a trade is made as soon as the trix turns green or red, that would be the same situation as what you call a spike. The trix arrow could turn back off when the pair goes the other way. At what point do you enter the trade? Right AT the arrow....awhile after the arrow appearance, or after the bar close?
I've also seen cases where the trix bar turned green at the very end of the candle, and then the pair reversed within 30 seconds after the open of the next candle.
The Trix Signal Price Live indicator gives the price needs to be at to "light up" the trix, or to have the trix to be above zero, as I understand the indicator. Theoretically, when the price hits that number, the trix changes from red to green, which would be the same as you sitting there watching it. If that's when you'd make the trade (when trix color changed), what is the difference of setting the order at or above that amount instead of waiting??
Quoting Tw0eleven
Just my opinion...you could get a spike up in price that would get you in the trade, but then have the candle close below your Primer and/or Trix...what would you do then??? Just from what I've seen, I always wait to see if the candle can first close above the Primer before going long or close below for shorts. Hope that helps.
  • #1,832
  • Jul 21, 2009 8:59am Jul 21, 2009 8:59am
Quoting draco76x
Sorry to side-track abit here, will it be nice to have any indicator something like what Swingman had create on the "MagicGirl Dashboard", just the section on the strength of the single currency.

Just an idea, if we can know the particular currency e.g. CAD is very weak against others, we can focus on CAD pair to short it using C4 Scalping.
What for - more pairs/
Why would you need more pairs? - How many open scalp trades going against you at the same time can you handle?

ian
  • #1,833
  • Jul 21, 2009 9:02am Jul 21, 2009 9:02am
Quoting kimchikim
hey, I am not asking for the renko script, I have already bought that.

I mean the tudorgirl c4 indicator that she also has on her chart. I was asking if that one was only for her private use or if she could share that.

cheers

Nothing more than a trix and a MA.
  • #1,834
  • Jul 21, 2009 9:06am Jul 21, 2009 9:06am
oh okay, so the td c4 is the same as the swingman trix? at 3,1,1,1?
  • #1,835
  • Jul 21, 2009 9:10am Jul 21, 2009 9:10am
Quoting paradoxical
Do you, and others, wait for the 5 minute candle to CLOSE green or red before placing the trade? Or, do you make the the trade as soon as the trix is above/below the zero line?
This is where I'm confused. If a trade is made as soon as the trix turns green or red, that would be the same situation as what you call a spike. The trix arrow could turn back off when the pair goes the other way. At what point do you enter the trade? Right AT the arrow....awhile after the arrow appearance, or after the bar close?
I've also seen cases where the trix bar...
Your questions were not directed to me. However, there are not two people testing this strategy using the exactly same method. Everyone has their own flavor. It also appears that everyone continues to tweak their strategies daily (if not hourly) trying to find the perfect combination. This is not necessarily a bad thing...it just makes comparisons to other's trades and charts difficult.

My best unsolicited advice is continue backtesting and forwardtesting with different combinations until you find something that works for you. Some time in the near (or distant) future, someone will step forward with concrete results of a static method
  • #1,836
  • Jul 21, 2009 9:11am Jul 21, 2009 9:11am
Today no pre-fixed SL and no pre-fixed TP....

...only my finger...primer....and TRIX...

Edge...do you think I could be a good scalper in the future???

+50 net pips for now... (profits are in €)
Attached Image (click to enlarge)
Click to Enlarge Name: chris_b_072109.gif Size: 56 KB
Market is like a puzzle, YOU have to fit the pieces!!
  • #1,837
  • Jul 21, 2009 9:13am Jul 21, 2009 9:13am
Quoting paradoxical
Do you, and others, wait for the 5 minute candle to CLOSE green or red before placing the trade? Or, do you make the the trade as soon as the trix is above/below the zero line?
This is where I'm confused. If a trade is made as soon as the trix turns green or red, that would be the same situation as what you call a spike. The trix arrow could turn back off when the pair goes the other way. At what point do you enter the trade? Right AT the arrow....awhile after the arrow appearance, or after the bar close?...
This is the difference in a traders mindset as I have spoken on often.

A purely 'mechanical' trader is going to fail!!!!! Has not yet reached the ability to follow price action and get into a zone when trading a pair(s). Everyone want the perfect plan, that which tells them exactly when to enter and exit a trade. That is why so many spend so much time on an ea to do the work. Even with a decent ea, you still have to manage the trade or risk account implosion due to a possible ea failure while they are off playing.

I can guarantee that this mental aspect of real concentration is not going to happen in a week. How long have many here been searching for a decent trading plan? Weeks? Months?

Many trading plans work fine. It is the trader who allows them to fail.

Once again, trading is 25% menchanical / 75% mental. This cannot be taught. It is AQUIRED by seat time and doing the work needed to become proficient.

Now, as for your actual question, I think it best to look for a closed candle and let PA develop a bit. If it is going to happen, it will. Especially at +5 levels, maybe a bit less at +10.

Regards.
  • #1,838
  • Edited 10:20am Jul 21, 2009 9:18am | Edited 10:20am
Quoting Indrek
Can anybody say if all the Trixes available have the alert bug that makes terminal to freeze. Or can we use any of them even with no colours?
I've notice that MT4 freezes up on my old pc when I have too many alarm type indis on charts. How many charts do you have open with alarms?
Try closing a few charts if you have more than 6 open?

Never mind think my alarm was turned off too, turned it on, and it does act buggy.

Did notice the smC4scalper signals_v1 indi alarm gives good signal alerts, but it can't be set to 15 mins unless you leave your chart at 15 mins.
  • #1,839
  • Jul 21, 2009 9:19am Jul 21, 2009 9:19am
Just as Chris B mentioned, no preset limits on my trades today. So we aren't confused, I follow Edge's advice about looking for only 5-10pips a trade...however, when price action races past 10pips...I tend to let it go a little further looking for 15-25pips(25pips is my personal limit). Today just happened to be a great day for this to happen! I've basically made 3 days worth of pips in a couple hours this morning. Nice job to all those postin their trades!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: m5scalpgu2.gif Size: 28 KB
Click to Enlarge Name: m5scalpej2.gif Size: 27 KB
  • #1,840
  • Jul 21, 2009 9:21am Jul 21, 2009 9:21am
Anybody can PM me the link for Renko charting add-on for MT 4?
Cannot find it on the web. Thanks.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
3 traders viewing now