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C4 Scalping

  • #2,401
  • Jul 24, 2009 11:34am Jul 24, 2009 11:34am
Quoting iansr1
Thanks Everyone, i am off work next week so hoping to pump out a few more trades.
All my trades are on a live account also - not demo.
I like the 5 pip idea as i like to get in and out as quick as i can. Like to open the trade walk away and come back in a few minutes and it all be over!

Hi Ian,

congrats to you both on the birth of your first child. I hope all is well and everyone healthy.

I just got back from changing a rather full and smelly nappy!!

All the best.

Nick
  • #2,402
  • Jul 24, 2009 11:40am Jul 24, 2009 11:40am
Quoting Edgetrader
OK, here is your sneak peak at 'Nitro' as promised.

The attached file is a MS Office deal so it is the only format I have to provide such. It simply shows the data on the chart so hope most of you can open it. If you have 'good work tools' to do your job, this wont be a problem.

Not sure the Renko deal many are purchasing is good enough to do the trick as it is not true Renko. It may be sufficient though. If someone wants to send me a copy of it, I will test and optimize the thing and advise as to MT4 usage.

There are a number of people here...
In one word, impressive!

I've just sent you a pm.

Thanks
Pardy
  • #2,403
  • Jul 24, 2009 11:42am Jul 24, 2009 11:42am
Another trade I am working on. Since all 3 ducks line up, I am going for 25 pips instead of my usual 10. Wait and see.
Attached Image (click to enlarge)
Click to Enlarge Name: chart 4.gif Size: 14 KB
  • #2,404
  • Jul 24, 2009 12:10pm Jul 24, 2009 12:10pm
Ninjatrader Renko Chart, 10 tic size (I think). It's a futures feed of EU, I don't have access to the spot market feed (FXCM is supposed to provide it but it's not working for some reason).

Not really sure what to think, Renko is a new concept to me...
Attached Image (click to enlarge)
Click to Enlarge Name: 6E 09-09 7_25_2009 (Renko 10 Ticks).png Size: 52 KB
  • #2,405
  • Jul 24, 2009 12:22pm Jul 24, 2009 12:22pm
Quoting Edgetrader
OK, here is your sneak peak at 'Nitro' as promised.

'Simplicity, the single hardest trading concept to wrap your mind around'.

Regards.
Agree wholehearteadly with your sentiments Edge and your 'Nitro' says it all, great stuff and very impressive. I've had a great week with your strategy trading mainly cable on 1 min TF, been a great ride and although trading for just a few quid while getting accustomed to it I have made good profit every day. I'm back to normal full-time trading next week after my brief convalescence and I'm pretty sure, after due consideration this week-end, that I'll continue with your strategy alongside my normal one. Thanks again for everything.

Good week-end to you. Regards.
  • #2,406
  • Jul 24, 2009 12:23pm Jul 24, 2009 12:23pm
Hi Everyone

My latest setup. Even the Trix has gone. It is not needed as it simply duplicates the crossing of the MA by the Renko bricks.

If it got any more simple, I would have to take the price off the chart and then I would just have a nice clean, KISS, gray area with ..... nothing!!

(Except a nice picture of a bomb!)

Anne
Attached Image (click to enlarge)
Click to Enlarge Name: c4.jpg Size: 172 KB
  • #2,407
  • Jul 24, 2009 12:27pm Jul 24, 2009 12:27pm
Pgpb
Chris_B
Cactus
Pardy

Thank you very much for your response.
I was in fact moving the file to the indicator's directory instead of the scripts' one
  • #2,408
  • Jul 24, 2009 12:30pm Jul 24, 2009 12:30pm
Now that is a nice simple chart ANNE. I like it. Simple is better.
  • #2,409
  • Jul 24, 2009 12:33pm Jul 24, 2009 12:33pm
Up 6 pips so far and the 3 ducks still in a row. Like taking candy from a baby.
  • #2,410
  • Jul 24, 2009 12:35pm Jul 24, 2009 12:35pm
So far.
Attached Image (click to enlarge)
Click to Enlarge Name: chart 5.gif Size: 14 KB
  • #2,411
  • Jul 24, 2009 12:37pm Jul 24, 2009 12:37pm
Hi Anne,

very nice and clean setup. Which entry & exit rules are u using ? Do you take every cross of the renko of the MA ? Which MA type are u using ? Still the LWMA 8,3,6 ? Renko is set to 10P/Brick isn't it ?

thanks,
tex




Quoting TudorGirl
Hi Everyone

My latest setup. Even the Trix has gone. It is not needed as it simply duplicates the crossing of the MA by the Renko bricks.

If it got any more simple, I would have to take the price off the chart and then I would just have a nice clean, KISS, gray area with ..... nothing!!

(Except a nice picture of a bomb!)

Anne
  • #2,412
  • Jul 24, 2009 12:38pm Jul 24, 2009 12:38pm
Who could refer me to a source for the Renko indicator for MT4 ?
I have already used Renko indicators which were free in forums, but despite 2GB RAM, my computer terribly slowed down.
  • #2,413
  • Jul 24, 2009 12:39pm Jul 24, 2009 12:39pm
Quoting gerry berard
Cannot open file EDGE
This is an "Open Office" spreadsheet.
Hope it helps !
Save to desktop then open with spreadsheet program.
"Open Office" is a free office program.
If needed, goggle it.

Steve
Attached File(s)
File Type: xls nitro.xls   501 KB | 856 downloads
  • #2,414
  • Jul 24, 2009 12:41pm Jul 24, 2009 12:41pm
Thanks Bruiser.
  • #2,415
  • Jul 24, 2009 12:43pm Jul 24, 2009 12:43pm
Quoting gerry berard
Thanks Bruiser.
  • #2,416
  • Jul 24, 2009 12:59pm Jul 24, 2009 12:59pm
Wow more than 1000 trades without a single loss. It is truly amazing.

Kristjan

Quoting Edgetrader
OK, here is your sneak peak at 'Nitro' as promised.

The attached file is a MS Office deal so it is the only format I have to provide such. It simply shows the data on the chart so hope most of you can open it. If you have 'good work tools' to do your job, this wont be a problem.

Not sure the Renko deal many are purchasing is good enough to do the trick as it is not true Renko. It may be sufficient though. If someone wants to send me a copy of it, I will test and optimize the thing and advise as to MT4 usage.

There are a number of people here...
  • #2,417
  • Jul 24, 2009 1:11pm Jul 24, 2009 1:11pm
Quoting kristjantelve
Wow more than 1000 trades without a single loss. It is truly amazing.

Kristjan
The Force is truly very strong with Our Master.

This is the first time EVER I have seen a TS report decline to compute either a Profit Factor or a Sharpe Ratio (because I guess both are infinity!)

Disciple Anne
  • #2,418
  • Jul 24, 2009 1:13pm Jul 24, 2009 1:13pm
Quoting kristjantelve
Wow more than 1000 trades without a single loss. It is truly amazing.

Kristjan
Edge, how can it be no losses?
What is the stop loss on this?
I believe that if we take only very high probability trades we can achieve 85% accuracy....but 100% accuracy?
I am a believer in this system...but how could it be no losses?

PGPB
  • #2,419
  • Jul 24, 2009 1:13pm Jul 24, 2009 1:13pm
Quoting gerry berard
Latest template with the 3 ducks

Thanks a lot for sharing your template. However, it looks different on my chart. I just see "3 Ducks" on top left and green price line, and nothing else? What exactly are the indis needed for the template to display the things on your chart? What timeframe do you think is best for your template. Or currency pairs? A brief summary of your trading rule will be much appreciated!

Michael
  • #2,420
  • Jul 24, 2009 1:19pm Jul 24, 2009 1:19pm
OK,

Now that we have that 'Nitro' thing out of the way, two things are most likely going to happen.

Anne ('TG') has already informed everyone that the store bought version works fine. Still waiting to see if anyone is going to share that with me so I can finish up the MT4 stuff. If not, no big deal. Is for your benefit as what I use serves well to start with.

Anyway, many are going to go get the thing and that is fine. This is a progression type thread and you will end up there sooner or later.

Or, we have seen plenty of trades and PA variations to know we have a pretty good plan in place as it stands.

Can use bread and butter candlesticks and still use C4 at +5 or +10 and blow the hell out of stuff when the time is right.

Not sure where this thread will head at this time. As such, I think we (I) will just continue to use base C4 on here and see if we cannot get a few more involved and work on getting TRADING down to nothing more than a reflex action.

I think the indi envy period has passed so perhaps we will see a few days of trading next week with a boatload of charts posted. Maybe in a couple of weeks we can re-evaluate our efforts as we will be able to isolate many of the potential pitfalls some are having and work to resolve those particular issues.

Hope everyone is pleased overall with thread content and plan usage. Need to convince a few more longer TF traders on the merit of this, but that is my problem.

Thanks for a good week and the increased participation. So sense being a 'wallflower' here. If you have a question please ask. However, make sure you have read the thread a bit before asking basic material questions as they are probably going to be low on the totem pole for response.

Have a good weekend.

Regards.
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