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C4 Scalping

  • #2,081
  • Jul 22, 2009 3:37pm Jul 22, 2009 3:37pm
Quoting Gleneagles
GBPUSD 7 trades 7 wins 0 losses

7 X 15 = 105 pips

Trading times: LDN + NY

Superimposed Trix 5m 3,1,1,1 & 7,1,1,1

Trade condition: Signal candle high/low must be taken out before trade is triggered. Signal candle is the candle where Trix arrow is painted.

One trade was a few pips late on entry.
Seems though you have both the 3 period and 7 period trix on chart, only 7 period signals were taklen.

Could you explain why you use the 3 also? What am I missing here?
  • #2,082
  • Jul 22, 2009 3:41pm Jul 22, 2009 3:41pm
Quoting redhouse
Seems though you have both the 3 period and 7 period trix on chart, only 7 period signals were taklen.

Could you explain why you use the 3 also? What am I missing here?
3 period is used for possible re-entries in the direction of trend.
" Never let the past hold the future to ransom "
  • #2,083
  • Jul 22, 2009 3:46pm Jul 22, 2009 3:46pm
Quoting SwingMan
Alert bugs fixed, 3-th try...

Here are the files with fixed alert bugs, and I hope they are functioning. On my computer I don't have freezing, and hopely also on yours!
.
Thank you, SwingMan, for your enormous contribution in providing, fine tuning and updating indicators for all of us trading the C4 scalping system!
  • #2,084
  • Jul 22, 2009 3:46pm Jul 22, 2009 3:46pm
Gleneagles, that is a great idea of superimposing the two trixes on 5min!
Don't like the mtf trix-it is off often.
What is you stop loss when trading gbp/usd on 5min ?
Thanks,
  • #2,085
  • Jul 22, 2009 3:47pm Jul 22, 2009 3:47pm
Quoting babama
Don't like the mtf trix-it is off often.
what do you mean by that?
  • #2,086
  • Jul 22, 2009 3:52pm Jul 22, 2009 3:52pm
when trying to coordinate 5min trix crossing with the 15min trix signal i hesitate because the signal blinks in and out a changes.
  • #2,087
  • Jul 22, 2009 3:53pm Jul 22, 2009 3:53pm
Quoting babama
Gleneagles, that is a great idea of superimposing the two trixes on 5min!
Don't like the mtf trix-it is off often.
What is you stop loss when trading gbp/usd on 5min ?
Thanks,
I used 25 pips emergency stop and EA to manage the trades.

TP1 15 pips today.

Yesterday TP1 8 TP2 10 TP 12

I prefer longer TF trading but I was bored yesterday and decided to try a few short term trades while waiting for trade setups.
" Never let the past hold the future to ransom "
  • #2,088
  • Jul 22, 2009 3:55pm Jul 22, 2009 3:55pm
Quoting babama
when trying to coordinate 5min trix crossing with the 15min trix signal i hesitate because the signal blinks in and out a changes.
wait until 15m trix is already in up/down trend with 2-3 bars in there, get in on closing candle if its breached ma and 5m trix detonator kaboom
  • #2,089
  • Jul 22, 2009 3:57pm Jul 22, 2009 3:57pm
Quoting Gleneagles
I used 25 pips emergency stop and EA to manage the trades.

TP1 15 pips today.

Yesterday TP1 8 TP2 10 TP 12

I prefer longer TF trading but I was bored yesterday and decided to try a few short term trades while waiting for trade setups.
Hey Gleneagles...Just wondering if your could share the EA your using to manage your take profits...I was using UpdateStops, but was having problems with it...
Regards,
D.
where thought goes energy flows
  • #2,090
  • Jul 22, 2009 4:05pm Jul 22, 2009 4:05pm
Quoting Damo12
Hey Gleneagles...Just wondering if your could share the EA your using to manage your take profits...I was using UpdateStops, but was having problems with it...
Regards,
D.
UpdateStops should work. The code is clean and simple. I use it as well.

Not sure why you are having problems with it.
" Never let the past hold the future to ransom "
  • #2,091
  • Jul 22, 2009 5:07pm Jul 22, 2009 5:07pm
Quoting Gleneagles
GBPUSD 7 trades 7 wins 0 losses

7 X 15 = 105 pips

Trading times: LDN + NY

Superimposed Trix 5m 3,1,1,1 & 7,1,1,1

Trade condition: Signal candle high/low must be taken out before trade is triggered. Signal candle is the candle where Trix arrow is painted.

One trade was a few pips late on entry.
Hi Gleneagles,

nice idea with both the 3 period and 7 period trix on chart!

But i have one question.
If you look at my attachment you can see that the 0 line with the pair AUD/USD differs to much between the 3 and the 7 period.

How can i change this that both 0 lines are nearly the same? I recognice, that some differenz is also at the other pairs.
Attached Image (click to enlarge)
Click to Enlarge Name: Stein.JPG Size: 60 KB
  • #2,092
  • Jul 22, 2009 5:10pm Jul 22, 2009 5:10pm
Here is a text book divergence setup. We have a LL and then another LL from price action (PA), but TRIX is singing a different song with a LL and HL. I feel more comfortable take this long with a divergence setup.

TimeFreedom
Attached Image (click to enlarge)
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  • #2,093
  • Jul 22, 2009 5:37pm Jul 22, 2009 5:37pm
Quoting elbablaster
Hi Gleneagles,

nice idea with both the 3 period and 7 period trix on chart!

But i have one question.
If you look at my attachment you can see that the 0 line with the pair AUD/USD differs to much between the 3 and the 7 period.

How can i change this that both 0 lines are nearly the same? I recognice, that some differenz is also at the other pairs.

I must admit that I have not really looked at the other pairs. I noticed that the 0 lines moved apart but only marginally so on GBPUSD.

I don`t really have enough experience with this trade system except fiddling around with it yesterday and trading it today. I am not sure whether the 3/7 Trix setup is viable in the long run but from experience I like Trix indi and use it in other trading systems as well.

It is probably a good idea to try the setup first and then find a genius to code an indi with 2 different inputs and a common 0 line. Not sure whether it is possible or feasible.

You " hit-and -run " artists have a lot more experience and skill with Edge`s particular setup. I prefer longer TF trading but look for refined entries on 5m charts.

I decided to post the trades after I read that other traders are looking at different settings on Trix.

I will leave you demolition experts to wreak havoc!!

Edge, good luck with the thread and good luck with trading.
" Never let the past hold the future to ransom "
  • #2,094
  • Edited 6:16pm Jul 22, 2009 6:04pm | Edited 6:16pm
Took quick scalp during boring asian session for +2. Liked the setup might as well steal few pips. Just in 'n out. boom. Comments/critiques welcome.Thx
Attached Image (click to enlarge)
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  • #2,095
  • Jul 22, 2009 9:35pm Jul 22, 2009 9:35pm
Hi Gleneagles,

What's the Moving Average on your chart?

Can share your template please?

Kind regards
jazz4some

Quoting Gleneagles
GBPUSD 7 trades 7 wins 0 losses

7 X 15 = 105 pips

Trading times: LDN + NY

Superimposed Trix 5m 3,1,1,1 & 7,1,1,1

Trade condition: Signal candle high/low must be taken out before trade is triggered. Signal candle is the candle where Trix arrow is painted.

One trade was a few pips late on entry.
  • #2,096
  • Jul 22, 2009 10:41pm Jul 22, 2009 10:41pm
Quoting elbablaster
Hi Gleneagles,

nice idea with both the 3 period and 7 period trix on chart!

But i have one question.
If you look at my attachment you can see that the 0 line with the pair AUD/USD differs to much between the 3 and the 7 period.

How can i change this that both 0 lines are nearly the same? I recognice, that some differenz is also at the other pairs.
Set you scale to fixed... min and max on the Common part of the input tab where it says allow Dll imports
  • #2,097
  • Jul 22, 2009 11:11pm Jul 22, 2009 11:11pm
Quoting SkyzerFX
Anybody heard about upcoming FIFO regulation for US brokers?
Taking affect July 31? Something about multiple trades?
1st they made the rule about hedging cannot place SELL and BUY on the same Pair
now what? No multiple trades can be taken? Anybody has
more details on this?
Here's the response from IBFX about it:

-------------

Interbank FX Announces Compliance with the New NFA FIFO Rule, Retaining All Platform Order Functionality Including Expert Advisors

Interbank FX’s proprietary backoffice solution offsets positions adhering to FIFO rule

Salt Lake City, July 20, 2009 — Interbank FX (IBFX.com), a worldwide provider of online foreign currency (Forex/FX) trading, announced today a solution for NFA Compliance Rule 2-43 affecting all NFA regulated Forex brokers.
Using our proprietary backoffice solutions, Interbank FX will allow our Meta Trader 4 platform to remain 100 percent compliant, while retaining order functionality and flexibility for customers trading. The MT4 platform will continue to function as our customers have experienced over the last several years. This includes the ability for customers to use fully functional Expert Advisors, Stops Losses, Take Profits, Trailing Stops and Limit Orders without making any needed adjustments.
"Certain US competitors have decided that their solution to the new FIFO rules are to move their customers overseas, rather than being compliant," said Todd Crosland, Chairman and President of Interbank FX. "At Interbank FX, we have embraced the NFA's efforts to help protect customers and provide a seamless solution without any changes to their current trading strategies."
The only modification for customers will be their daily and monthly account statements, coming directly from the proprietary Interbank FX backoffice system using NFA FIFO offsetting procedures. The FIFO rule takes effect beginning July 31/August 1, 2009.
Interbank FX is currently working on a step-by-step video which will be available shortly on our web site.

-------------

It seems that each US-based broker is going to do things in whatever manner they feel is appropriate to the new NFA rulings!

By the way, I am not an IBFX customer. I use FXCM UK.

Cheers,
Ed
  • #2,098
  • Jul 22, 2009 11:47pm Jul 22, 2009 11:47pm
Quoting elbablaster
...If you look at my attachment you can see that the 0 line with the pair AUD/USD differs to much between the 3 and the 7 period.

How can i change this that both 0 lines are nearly the same? I recognice, that some differenz is also at the other pairs.
In the Indicator Properties set the fixed min and fixed max values to well suited values for both indicators.
Attached Image (click to enlarge)
Click to Enlarge Name: propertieschart.PNG Size: 12 KB
Attached Image
  • #2,099
  • Jul 23, 2009 12:27am Jul 23, 2009 12:27am
Quoting darkness
Took couple tonight. Seeing that its best to wait for 2nd candle after 1st candle breaches ma, push the plunger on 2nd candle once pa is in gearing up full speed.
Nice trade
  • #2,100
  • Jul 23, 2009 1:04am Jul 23, 2009 1:04am
I am looking for the coder who wrote an indicator called Vorticity Signal. Asked Anne/TG about it, she referred to another person who denied his involvement.
The problem is that I have only ex4 file and I cannot see from it which indicator is the Signal based on in my indicators folder as I have different versions of TG Vorticity, HG and SM Vorticity there.

I have found three different versions of the signal in this forum:
1. Vorticity Signal
2. TM Vorticity Signal
3. TVorticity Signal
I am speaking about the first one - just Vorticity Signal.ex4.

Thanks.
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