C4 Scalping | Page 96 | 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

  • #1,901
  • Jul 21, 2009 12:53pm Jul 21, 2009 12:53pm
Hello Edge,
I just got into this thread yesterday and liked your concept of scalping on the 5 min. timeframe. I downloaded all the initial indicators on the first post and copied the rules to OneNote. Have been experimenting with it to see how it trades. So far I like the results. Only have 22 pips for the day but screwed up some trades by not following the rules. My only thought on it so far is that on a day like today, and on the EY and GU movements, I would not set just a 10 pip profit stop. I think I would throw a 15 to 20 pip trailing stop on and let it ride. I will probably experiment with that in the coming days.

I've attached my chart setup. Hope it doesn't freak anyone out. I like to keep track of things.

Will focus on how it trades according to the rules tomorrow.
Attached Image (click to enlarge)
Click to Enlarge Name: C4 Scalper Setup.jpg Size: 507 KB
4XTrader2
  • #1,902
  • Jul 21, 2009 12:53pm Jul 21, 2009 12:53pm
Quoting winningfx
hi edge,

i took a trade minutes ago. as the red arrow notes. got in at 1.4166, spread 2. got out at 1.4173, for +5 pips.

as u can see, my chart is colourful. but it is something i understand. it goes not in line with your trading concept. n as i trade 1m, i don't post here offen. as your thread is for 5m trading.

i just want 2 see losing trades so as 2 analyse. no other intentions. sorry 4 the wait as i don't do this often. i also don't save sereen shots.thanks


Attachment
No problem, both Chris and my charts show a losing trade so at least you have some manner of reference to such to start with.

While I cannot project a whole buch of losers to show you myself, I am just smarta.. enough to let you know that the 1m will soon display plenty of losers for everyone to see. Way too active for me. 5m is like a 30m in comparisson. However, should they work for your own efforts that is of course great. Charts are not that bad, just bright.

Regards.
  • #1,903
  • Jul 21, 2009 12:56pm Jul 21, 2009 12:56pm
Quoting TudorGirl
OK, so there it is, a +2% on the day. Mainly +5s on the Oil together with the +10 on the CJ.

Less is more!

Anne
A walk in the park as they say. Stick to less is more and there will be plenty of time for those moonlit strolls. Trade to live, don't live to trade.

Regards and nice work Anne.
  • #1,904
  • Jul 21, 2009 12:56pm Jul 21, 2009 12:56pm
Quoting winningfx
i only see traders post good results n winning chart shots. can i request traders post losing ones too. otherwise new readers n i r starting 2 think this is the infamous " holy grail ". hahahaha
It is a learning process. One cannot simply push the detonator everytime a signal is presented. As Edge has stated many times, you need to look at everything that is going on and wait for the PA to develop..

that is what takes time and patience

wait for it.... wait for it....... and B O O M !!

just pick up the pips and move on
  • #1,905
  • Jul 21, 2009 12:59pm Jul 21, 2009 12:59pm
Quoting 4xtrader2
Hello Edge,
I just got into this thread yesterday and liked your concept of scalping on the 5 min. timeframe. I downloaded all the initial indicators on the first post and copied the rules to OneNote. Have been experimenting with it to see how it trades. So far I like the results. Only have 22 pips for the day but screwed up some trades by not following the rules. My only thought on it so far is that on a day like today, and on the EY and GU movements, I would not set just a 10 pip profit stop. I think I would throw a 15 to 20 pip trailing stop...
Thanks for stopping in.

That swing trading you are looking to do will become an issue here as we have pretty much settled on the scalping aspect to concentrate efforts on.

However, as you are working the base signals, we are glad to have chart shots as reference points for trade entries especially. Thanks and nice setup.

Regards.
  • #1,906
  • Jul 21, 2009 1:02pm Jul 21, 2009 1:02pm
Taking the afternoon off. A little R and R is required and the golf club awaits with lunch and a round to follow.

Back later this evening to review postings.

Regards to all, great efforts with charts and trading, tomorrow we press on as usual.

  • #1,907
  • Edited 1:51pm Jul 21, 2009 1:18pm | Edited 1:51pm
Hi guys, here is my little contribution to this great thread which I am following on hourly basis and it looks so promising and I learned a lot from Edge and his trading philosophy and of course also other contributors. Here is currency strength indicator which I think can be helpful for filtering some bad signals.
Attached Image (click to enlarge)
Click to Enlarge Name: img1.jpg Size: 187 KB
  • #1,908
  • Jul 21, 2009 1:26pm Jul 21, 2009 1:26pm
I saw in Indrek's thread what I'm seing here.
I include my post here because I think it will help more than one person.

I've seen a lot of screenshots where people enter in the first line of a MTF indicator. This is "hoping" it will remain positive or negative.

Longer timeframe indicators repaint in the sense that the past is redrawn. It's obviously different from the classic "repaint issue" of indicators that change different values in different moments. But technically speaking they repaint because they are changing past values as they go.

A MTF indicator that doesn't repaint should take the Trix value of a higher timeframe and draw it in the current timeframe. It's nice to have many values that reflect the LAST VALUE of Trix in a lower timeframe. But if you think about it, it's just telling you that: the last value. It's not telling you the value it had in each of the candles.

For example.
If you have a 1m chart and a 1H chart.
You see that in the first candle both trix are green and you go long.
After 20 bars, price goes down and down and so are the 20 bars of that MTF indicator.
After 60 bars (1H) TRIX is so red you can start a fire with it.
Now you look at the chart and think "Why did I enter there if Trix was extremely red?"

This is the problem that you'll find when backtesting with MTF indicators that paint multiple bars at the same time.
Of course you'll find a lot that were green and then change into... green.
But some of the MTF green bars you see were actually VERY red when they started. So red that nobody would have entered long... the same bar in which you'd place a "Long" signal when backtesting.

Swing Man:
Is there a way of displaying in a lower timeframe the Trix value in THAT moment so each candle reflects the value that Trix had in the upper timeframe at that specific time? That would be the ultimate.

 Could SM or some programmer please create a real-time MTF indicator?
This is an indicator that will not include equal bars of the LAST value, but the real value that the indicator had in the higher timeframe, shown in the lower one.
This would end the mtf repainting and it would make the indicator good for backtesting.
  • #1,909
  • Jul 21, 2009 1:28pm Jul 21, 2009 1:28pm
Quoting Edgetrader
No problem, both Chris and my charts show a losing trade so at least you have some manner of reference to such to start with.

While I cannot project a whole buch of losers to show you myself, I am just smarta.. enough to let you know that the 1m will soon display plenty of losers for everyone to see. Way too active for me. 5m is like a 30m in comparisson. However, should they work for your own efforts that is of course great. Charts are not that bad, just bright.

Regards.

thanks edge. as u can see from my chart. my focus is on trend. all the lines on the chart n in the indicator window do that. while entry is based on the indis n abit of experience . looking out 4 price levels , s/r n PAs.

been building a system based on these concepts. refining n improving. adopt the sm trix indis as i find them better.

based on experience n my system, i avoid fake-outs too. has been eyeballing the charts 4 about 7 hours n took 7 trades today. for a total of 45 pips today.

always looking to learn n improve. thanks. trade well
  • #1,910
  • Jul 21, 2009 1:28pm Jul 21, 2009 1:28pm
Post which absolute strength indicator you are using... please

thanks

Brian

Quoting altoronto
Hi guys, here is my little contribution to this great thread which I am following on hourly basis and it looks so promising and I learned a lot from Edge and his trading philosophy and of course to other contributors. Here is currency strength indicator which I think can be helpful for filtering some bad signals.Attachment
  • #1,911
  • Edited 2:06pm Jul 21, 2009 1:29pm | Edited 2:06pm
Hello,
I have not been posting here very much any more. But I just got an idea and wanted to share with you all.
If you are now using Trix15 for confirmation why not to use LWMA12 from M15 also? Especially these people who use close above/under LWMA12 as a primer?
I attach a picture to show what I mean and also the indicator that I used. I am not sure if it is available here already.
As much as I can see visually, 15min TF LWMA could serve also as SL level?
Additional filter - no long trades when M15 LWMA is above M5 and vice versa for short trades. For extremely sure trades we could add H1 LWMA
Attached Image (click to enlarge)
Click to Enlarge Name: scalp before they scalp you.gif Size: 50 KB
Attached File(s)
File Type: mq4 #MTF_MovingAverage.mq4   4 KB | 669 downloads
  • #1,912
  • Jul 21, 2009 1:32pm Jul 21, 2009 1:32pm
Quoting roto7gl
It is a learning process. One cannot simply push the detonator everytime a signal is presented. As Edge has stated many times, you need to look at everything that is going on and wait for the PA to develop..

that is what takes time and patience

wait for it.... wait for it....... and B O O M !!

just pick up the pips and move on

hi roto7gl,

i learned the above while domoling 4 nearly 2 years. eyeballed the charts 4 about 7 hours today. took only 7 trades. i , like edge, like to take small n quick profits. but if the trend is strong, i'll let the trade run. thanks
  • #1,913
  • Jul 21, 2009 1:35pm Jul 21, 2009 1:35pm
All I have to say is WOW! I finally caught up to the end of the thread. I have been here since last week. Anyway, I just wanted to post some of my trades from today. This is my first day trading the C4.

I have attached my charts. The orange entry on GBPUSD was because of divergence between price and 5m TRIX (Hit TP!). White is for a 10pip TP and Red is for a 30pip SL. I stopped demo trading at 1500GMT.

For all USD pairs i waited for 15m MTF confirmation but I entered all 5m TRIX EURJPY signals. I feel that EJ moves enough to get my required pips. Also I did hedge on EJ with the SL trade and the next signal that TP.

Total pips gained = +210
Total pips lost = -30
Net pips gained = +180

Thank you for this strategy Edge!!
Attached Image (click to enlarge)
Click to Enlarge Name: C4 Demo 720.jpg Size: 547 KB
  • #1,914
  • Jul 21, 2009 2:01pm Jul 21, 2009 2:01pm
Anne, TF, could you please tell me what is your TF for Renko charts
As I see on the last PIC is 3M ? Also how many bars per brick?
And how you can use regular Indies with such unsupported TF?
What is your TF on indies for such charts?

Thank you.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #1,915
  • Jul 21, 2009 2:05pm Jul 21, 2009 2:05pm
Very useful folks.... just drag into swTRIX windows....

Try it out...


Cheers !
Attached File(s)
File Type: mq4 MACD_CCI_mtf_Alert_v1.01.mq4   4 KB | 797 downloads
  • #1,916
  • Jul 21, 2009 2:15pm Jul 21, 2009 2:15pm
Quoting Syahmi
Very useful folks.... just drag into swTRIX windows....

Try it out...


Cheers !
Do I have to configure anything?

D.
  • #1,917
  • Jul 21, 2009 2:17pm Jul 21, 2009 2:17pm
Another good day, made 7 trades: 5 winners and two losers. Net pippage +13 with an account increase of 2.3%.

I like using the less is more strategy of +5 for TP. I have been using a cross and close over the MA as my SL with a hard stop loss in place at 25 or 30 pips just in case my computer crashes or I have a power outage. And price has to close past the MA a few pips before I'll close it down, if it's right on the line or pretty close to it I'll let it run another bar.

Unfortunately I have to work for the last three hours of the trading period Edge recommends, but I have been using the (buggy) alerts to tell me when there is a potential trade, and if 15M trix matches then I execute. So that allows me to place trades as I work secularly as well.

Hopefully after a year or two of this type of trading I won't have to work for someone else and can give my full attention to trading . And by full attention I mean a few hours a day .

Didn't have time to prepare screenshots, but I will tomorrow, promise!
I go live with this as soon as the initial deposit clears with my broker.

I do have a question for Edge. You subscribe to the +2/-4% strategy for each day, but if you have faith in the probability theorum, when you reach +2 or -4% why wouldn't you just continue to trade valid signals according to your criteria? Sure it is increased market exposure, but if you have the EDGE it should work out in the long run...
  • #1,918
  • Jul 21, 2009 2:36pm Jul 21, 2009 2:36pm
Quoting golden1
Post which absolute strength indicator you are using... please

thanks

Brian
Attached indy
Attached File(s)
File Type: ex4 AbsoluteStrength_v1.1_mtf.ex4   10 KB | 618 downloads
  • #1,919
  • Jul 21, 2009 2:56pm Jul 21, 2009 2:56pm
Quoting roto7gl
Here are my trades from today.

8 trades + 59 pips

I'm finding that "less is more" as Edge would put it.


Attachment
Hi Roto can you tell me how you had attached the ''swing man ultra super trix MTF pv 4 col'' on your chart ? It don t want to show up on my chart watever the way i use to try to attached it, it s a mystery to me ! I hope i m not the only one with this situation and maybe Swing Man will fix this bug soon ! Thanks

Luk
  • #1,920
  • Jul 21, 2009 3:06pm Jul 21, 2009 3:06pm
Quoting PipsRider
Hi Roto can you tell me how you had attached the ''swing man ultra super trix MTF pv 4 col'' on your chart ? It don t want to show up on my chart watever the way i use to try to attached it, it s a mystery to me ! I hope i m not the only one with this situation and maybe Swing Man will fix this bug soon ! Thanks

Luk
Have you copied into the "...experts/indicators" folder the "smSuper TRIX_v1.ex4" file?
Attached File(s)
File Type: ex4 smSuperTRIX_v1.ex4   11 KB | 643 downloads
0 traders viewing now