C4 Scalping | Page 113 | 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

  • #2,241
  • Jul 23, 2009 2:39pm Jul 23, 2009 2:39pm
Quoting redhouse
This one is adjustable, edge. Can you work out the best settings?
I played with it and found out that if to set 1st MA to 3, 14 and the other to 3, 8 then it is very good. Besides, these MAs have been or are in use with this system
Nice indy!

But a question too: why doesn't it allow to change colours? I can change them for a moment but it does not save my changes.
  • #2,242
  • Jul 23, 2009 2:44pm Jul 23, 2009 2:44pm
The 15 minute addition is money, less signals but more reliable. The confidence with the entry makes a big difference for me psychologically. Someone please clear something up for me. We should wait for the close of the candle with the trix arrow and enter on the open of the next candle right?
  • #2,243
  • Jul 23, 2009 2:44pm Jul 23, 2009 2:44pm
Quoting gerry berard
Can you explain how to post a template and I will gladly do it.
Charts->Templates->Save Template
Name it (e.g. gerard)

Then you can find the file "gerard.tpl" in your Program Files/Metatrader folder/templates
If you attach this file as you attached the graphs we can use it to get the same view on our Metatrader (Charts->Templates->Load Template)
  • #2,244
  • Jul 23, 2009 2:46pm Jul 23, 2009 2:46pm
Quoting Indrek
I played with it and found out that if to set 1st MA to 3, 14 and the other to 3, 8 then it is very good. Besides, these MAs have been or are in use with this system
Nice indy!

But a question too: why doesn't it allow to change colours? I can change them for a moment but it does not save my changes.
Another possible version: one MA is 3, 8 and other is 3, 24. Then it is the same as to have on the chart LWMA8 for M5 and the same for M15
But if to use 3,8 and 3,14 then it shows almost the same as Trix 15...
  • #2,245
  • Jul 23, 2009 2:56pm Jul 23, 2009 2:56pm
Edgetrader, is this a correct assessment:

The point here is that Edgetrader has a system that he trades live on a non-MT platform. I assume that system has not changed at all in the 2 weeks this thread has been active.

This is a training thread. The different variations (5 pips vs 10 pips, 15 min TRIX confirmation, different TRIX indicators, etc) that Edgetrader has shown on this thread are only to help educate the readers of this thread. He continues to trade his real system live while using this thread to teach.

Thus, I would assume the adding and tweaking of indicators is pretty much useless in the grand scheme of things.

Quoting Edgetrader
Yep, set at 6,1,1,1. Is close enough on the scale to match MTF and is easier on the CPU for those with an older system.

No rationale, I can throw 20 indi's on the screen all showing the same thing. It does not matter what a traders uses and I am not so mechanically oriented anyway. I follow PA more than anything, indi's just confirm a hypothesis.

As for new testing, I do absolutely none. Not my job. Been there, done that, got the teeshirt. This plan was already back-tested, and forward tested for quite a while. We can use 20 different indi's...
  • #2,246
  • Jul 23, 2009 3:12pm Jul 23, 2009 3:12pm
Quoting zznbrm
Edgetrader, is this a correct assessment:

The point here is that Edgetrader has a system that he trades live on a non-MT platform. I assume that system has not changed at all in the 2 weeks this thread has been active.

This is a training thread. The different variations (5 pips vs 10 pips, 15 min TRIX confirmation, different TRIX indicators, etc) that Edgetrader has shown on this thread are only to help educate the readers of this thread. He continues to trade his real system live while using this thread to teach.

Thus, I would assume the...

hi zznbrm,

in this post, edge talked about tools or a scenerio that will catch every1 by surprise when shown. so, make your guess.

http://www.forexfactory.com/showpost.php?p=2880123&postcount=1104
  • #2,247
  • Edited 3:41pm Jul 23, 2009 3:38pm | Edited 3:41pm
I've been trading several years trying to find a system that suits me...I think I flippin found it.
Rock On!
Q

Hard to read text on chart. It says: "After hours trade, hesitated on the trigger but got lucky. I took my 26 pips then the bottom drops out. It's cool because I made over 2% on that one trade. Kaboom! Done for the day.
Attached Image (click to enlarge)
Click to Enlarge Name: 7-23-09.jpg Size: 108 KB
The Only Constant Is Change!
  • #2,248
  • Jul 23, 2009 3:50pm Jul 23, 2009 3:50pm
We have the primer and the detonator. All we need is something to protect us from getting blown up - some type of bomb-proof suit.

Quoting winningfx
hi zznbrm,

in this post, edge talked about tools or a scenerio that will catch every1 by surprise when shown. so, make your guess.

http://www.forexfactory.com/showpost.php?p=2880123&postcount=1104
  • #2,249
  • Jul 23, 2009 3:51pm Jul 23, 2009 3:51pm
Quoting Edgetrader
Only about 10% or so of followers actually post trades more than occasionally. Not a great percentage at all, but better that 5%.

Regards.
Edge,
I haven't posted trades because I am trying to build enough discipline to follow the trading rules. However, here is today's trades from one hour of trading between 18:52 GMT and 19:59 GMT.
I've zoomed in on the charts so you can see the trade points. Arrows are entry and X's are exits. Red is short and orange is long. Some trades hit their profit targets while I manually closed others.

I am still experimenting with stop losses and profit stops. My biggest problem is a discipline thing. I generally try to anticipate the entries or exits which often kills my trade profits.

Will post more as I become more comfortable with the strategy.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chart.png Size: 133 KB
Click to Enlarge Name: Trades.png Size: 34 KB
4XTrader2
  • #2,250
  • Jul 23, 2009 3:52pm Jul 23, 2009 3:52pm
Quoting pgpb
OK....I tried the MTF Trix and that works
The reason Trix do not show bars is that there is so few bars in history on your offline chart. Look at the beginning of your chart then you see how long are the Trix bars there. If your chart moves on a bit then it will come to life again and act as normal. It will happen again if you close down your MT platform and then reopen it. I have the same problem and I do not know how I could keep more bars in history for my offline charts. The thing only happens when I use Renko script, with other cripts the offline charts have more than 2000 bars history. If someone knows the answer how this can be fixed I would be happy to hear it.

Kristjan
  • #2,251
  • Jul 23, 2009 3:56pm Jul 23, 2009 3:56pm
Quoting walb99
test version 3

this one is OK I think
thanks walb99 i will test it today
  • #2,252
  • Jul 23, 2009 4:01pm Jul 23, 2009 4:01pm
+6 more on EU. higher TF trix in down trend..Broke DS1, retraced, i got in..and got out.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 14 KB
  • #2,253
  • Jul 23, 2009 4:04pm Jul 23, 2009 4:04pm
PGPB, Kristjan describes perfectly what is happening. Michal, who wrote the renko script, says you can "import" more bars when you first activate the script and that would eliminate the issue. I don't know how to do that. When I first open my platform, I just expand my candles with the + sign at the top of the chart and for some reason that makes the Trix show up. As Kristjan said, as more candles appear, the issue resolves itself.
  • #2,254
  • Jul 23, 2009 4:05pm Jul 23, 2009 4:05pm
I use a 32 lwma (X4 a 8 lwma). It appears similar and if you like in contrast a moving average s/r line to hama2.

Attached Image (click to enlarge)
Click to Enlarge Name: 32 lwma.gif Size: 30 KB
  • #2,255
  • Jul 23, 2009 4:09pm Jul 23, 2009 4:09pm
If anyone knows how to import those bars I would be happi to know how to do it.

Kristjan

Quoting flyingdawg
PGPB, Kristjan describes perfectly what is happening. Michal, who wrote the renko script, says you can "import" more bars when you first activate the script and that would eliminate the issue. I don't know how to do that. When I first open my platform, I just expand my candles with the + sign at the top of the chart and for some reason that makes the Trix show up. As Kristjan said, as more candles appear, the issue resolves itself.
  • #2,256
  • Jul 23, 2009 4:19pm Jul 23, 2009 4:19pm
Quoting pgpb
Assuming you have created a template

Go into your templates folder
I believe it would be

Crogram Filesyour brokernamehere templates

Copy the template (don't) cut it and then paste the copy on to your desktop, then attach it the same way you would attach a chart

PGPB
You must select more than 1000 bars in renko settings, I use 2500 bars and all works fine. But be careful with this renko indic... something it wrong with it but I cant tell You what till I will find it by myself. Regards
  • #2,257
  • Jul 23, 2009 4:30pm Jul 23, 2009 4:30pm
Quoting gutek04
You must select more than 1000 bars in renko settings, I use 2500 bars and all works fine. But be careful with this renko indic... something it wrong with it but I cant tell You what till I will find it by myself. Regards
Tnx Gutek04 that did the trick. If you do not know that what is wrong how do you know there is something wrong? I have been folowing that script for some days now and it all makes perfect sence. But if you spot something wierd let us all know.

Kristjan
  • #2,258
  • Jul 23, 2009 4:30pm Jul 23, 2009 4:30pm
Quoting zznbrm
Edgetrader, is this a correct assessment:

The point here is that Edgetrader has a system that he trades live on a non-MT platform. I assume that system has not changed at all in the 2 weeks this thread has been active.

This is a training thread. The different variations (5 pips vs 10 pips, 15 min TRIX confirmation, different TRIX indicators, etc) that Edgetrader has shown on this thread are only to help educate the readers of this thread. He continues to trade his real system live while using this thread to teach.

[b]Thus, I would...

The plan I trade has not changed in over 5 YEARS, much less a couple of weeks.

Also, this is somewhat of a training thread to some I suppose. The actual purpose is to provide a 'time' tested and verified trading plan to the FF community that can and will generate profit if traded responsibly and professionally. Many here have already discovered the inherent versatility it contains and have begun trading such with some degree of confidence.
Step one complete...

The other purpose was to share my own trading philosophy and to show how a combination of a decent viable trading plan, combined with a good MM and goal oriented trading plan, was essential to relatively successful trading FOR A LIVING.
Step two is yet to be determined as few have enough trades under their belts to form a hypothesis as of yet. Some still want to accumulate pips over dollars so the mission continues.

From day one, I have said that to waste time suffering through 'indi envy' is both conterproductive and is clearly not profitable. You need a primer and a trigger, nothing else. There has been considerable lost trading time, literally dozens of setups missed, by some folks still experimenting with indicators. In the end, this will be their waterloo. If you cannot get through some basic decision making with a few indi's to choose from, you are going to play hell when you try to trade.

If your focus is on driving yourself nuts trying to figure out a couple of indicators, then how much actual focus do you have on trading. None, thats how much.

If the indicator says long, it is long, if it says short, it is short. If a higher TF says long also, then it is a really good long opportunity, opposite is true if your indicators say short. This is why you need only a couple.

Regards.
  • #2,259
  • Jul 23, 2009 4:32pm Jul 23, 2009 4:32pm
Quoting kristjantelve
If anyone knows how to import those bars I would be happi to know how to do it.

Kristjan
Yes...when you select the parameters of Renko bars....

under the pips size briks and the TF there is MaxBarsNumbers, by default is set to 1000, I use 10.000
Market is like a puzzle, YOU have to fit the pieces!!
  • #2,260
  • Jul 23, 2009 4:46pm Jul 23, 2009 4:46pm
It is 2:40 p.m. pst when this chart shot was taken.

It is the EY pair with a 10 tic block sizing.

I suggest ANYONE playing with those Renko over the counter indi deals compare their charts with the one shown and make sure it matches up correctly.

Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: renko.jpg Size: 81 KB
4 traders viewing now