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C4 Scalping

  • #2,421
  • Jul 24, 2009 1:20pm Jul 24, 2009 1:20pm
Quoting TudorGirl
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
Yes, I am going to rename my children Edge1 and Edge2
I am looking at the report, did any trades ever go into drawdown?

Anyways.....I would be delighted and tickled pink if I could maintain 85% accuracy day in and day out

PGPB
  • #2,422
  • Jul 24, 2009 1:25pm Jul 24, 2009 1:25pm
You will need to install 3 ducks in your indicator folder for it to work.
Attached File(s)
File Type: ex4 3 Ducks E v01 - Copy.ex4   5 KB | 905 downloads
  • #2,423
  • Jul 24, 2009 1:27pm Jul 24, 2009 1:27pm
Quoting Edgetrader
OK,

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.
Edge....send me a private mesasge with your email adress.....
Market is like a puzzle, YOU have to fit the pieces!!
  • #2,424
  • Jul 24, 2009 1:31pm Jul 24, 2009 1:31pm
Quoting Edgetrader
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...
Hope, the Renko advertising campaign is also over now I already had a doubt that this thread has become commercial and supported by Renko sellers
Have a nice weekend too!
  • #2,425
  • Jul 24, 2009 1:33pm Jul 24, 2009 1:33pm
Quoting TudorGirl

intercepts the genuine tick-by-tick data as it arrives

Oh, really?
  • #2,426
  • Jul 24, 2009 1:33pm Jul 24, 2009 1:33pm
Quoting pgpb
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
Well, it is what it is. The numbers are what they are. I certainly am not capable of putting out such just because I feel like it. You only see the first page of the performance report. It is quite entailed.

Have asked folks to study up on Renko in the past. When combined with Trix it is formidable. Remember, each one of those bricks is 10 tics. I am only having the 'ea' trigger entries and then I take a portion of just ONE brick. SL would be a counter direction signal. Add in a candlestick ATR reading and it is not all that difficult to operate a less is more trading concept. An ea is fine as long as you follow PA and adjust its paramaters as needed.

Now, 'Nitro' only has no losses over the last 2 months.

Over the past 4 months it has not performed as well.

SOB is moody at times due to crappy PA and ran at 96.7%. Damn Asian session with low volatility has some trades drag on way too long.

Nothing wins all the time.

Regards.
  • #2,427
  • Jul 24, 2009 1:36pm Jul 24, 2009 1:36pm
Damn that mt4 renko script salesman guy must love you Edge
  • #2,428
  • Jul 24, 2009 1:36pm Jul 24, 2009 1:36pm
Quoting Edgetrader
SOB is moody at times due to crappy PA and ran at 96.7%.
That is a terrible win rate, I give up now if I can't have 100% all the time

Really though, you have peaked my interest in renko, will be studying up over the weekend.
  • #2,429
  • Jul 24, 2009 1:37pm Jul 24, 2009 1:37pm
Quoting pgpb
Yes, I am going to rename my children Edge1 and Edge2
I am looking at the report, did any trades ever go into drawdown?

Anyways.....I would be delighted and tickled pink if I could maintain 85% accuracy day in and day out

PGPB
Maximum drawdown was $160.
  • #2,430
  • Jul 24, 2009 1:40pm Jul 24, 2009 1:40pm
Quoting Edgetrader
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...
hii edgetrader
what do you mean by TG informed about store bought version worked fine.. are you referring to renko chart? i might be able to get renko chart indicator if this is what you mean let me know

thanks
  • #2,431
  • Jul 24, 2009 1:41pm Jul 24, 2009 1:41pm
Quoting TudorGirl
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
I pitty the fool who messes with the Master!
Attached Image (click to enlarge)
Click to Enlarge Name: MR T Yoda.jpg Size: 61 KB
  • #2,432
  • Jul 24, 2009 1:41pm Jul 24, 2009 1:41pm
OK. I'm sold. Not sure if it was the 100% win ratio, or the 97.5%. Time to do a google search now.
  • #2,433
  • Jul 24, 2009 1:43pm Jul 24, 2009 1:43pm
Quoting bruiser
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
Thanks Steve,

FYI: if you save Steve"s attachment you can then read it with MS Excel as well.
  • #2,434
  • Jul 24, 2009 1:59pm Jul 24, 2009 1:59pm
Feeling a bit behind the curve here just now, with all this Renko shenanigans going on i'm not convinced any progression from the original C4 setup will benefit myself anyway. Not until at least 80%-90% winners are achieved which seems to be about the going rate for experienced traders here.

Glad you’re not jumping ship just yet Edge.

Good Weekend,

Ozz
  • #2,435
  • Jul 24, 2009 2:00pm Jul 24, 2009 2:00pm
Quoting tex
Damn that mt4 renko script salesman guy must love you Edge
I will expect corporate kickbacks to be arriving soon.

Will be interesting to see if they even say anything in a round about method. Maybe just greed mongers but what the heck.

We will improvise, adapt and overcome either way.

Regards.
  • #2,436
  • Jul 24, 2009 2:00pm Jul 24, 2009 2:00pm
Quoting 45Fxguy
I pitty the fool who messes with the Master!


  • #2,437
  • Jul 24, 2009 2:01pm Jul 24, 2009 2:01pm
Quoting paradoxical
OK. I'm sold. Not sure if it was the 100% win ratio, or the 97.5%. Time to do a google search now.
Just add and devide by 2 and will call it a day there.
  • #2,438
  • Jul 24, 2009 2:04pm Jul 24, 2009 2:04pm
Quoting Ozz
Feeling a bit behind the curve here just now, with all this Renko shenanigans going on i'm not convinced any progression from the original C4 setup will benefit myself anyway. Not until at least 80%-90% winners are achieved which seems to be about the going rate for experienced traders here.

Glad you’re not jumping ship just yet Edge.

Good Weekend,

Ozz
New recruits enter the training center all the time. It's not just a job, it's an adventure. Train em up, move em out.

Regards.
  • #2,439
  • Jul 24, 2009 2:06pm Jul 24, 2009 2:06pm
Quoting walb99
Does somebody no anything about the Renko indi by metaquotes?

http://codebase.mql4.com/691
Yep.

Take that junk, delete all reference to it and get he other one mentioned in the thread.

This is not being a smarta.., just sound advice.

Regards.
  • #2,440
  • Jul 24, 2009 2:10pm Jul 24, 2009 2:10pm
Ok, I'm just going to throw this out there....but does anyone else think this thread has gotten away from the 1st post? In the beginning it was Pick 1 primer and 1 detonator and trade that based on price action. Now we have a couple different Trix indicators on the chart, some type of moving average and scalper candles...now comes along this Renko thing. It doesn't seem simple anymore...at least for me. Maybe some other too. On that note, is there any interest from some other traders about starting a thread based on the original setup conditions...a place were we just post charts and discuss the original method and do not introduce any new indicators??? I am getting quite distracted by the "extra" stuff on here now.

***Disclaimer... Edge, Swingman, and many many other have done a very nice job helping all of us on here. I thank them for that. They are kind, giving people. I have learned a lot! My above post in no way is meant to take away from any of that.**** just wondering if others are still using the first method posted by Edge and if so, are they interested in a seperate thread where only that method is traded?

Edge, if there is enough response...do you have any objections to that???
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