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C4 Scalping

  • #2,621
  • Jul 26, 2009 3:10am Jul 26, 2009 3:10am
Hmmmm
this thread is amazing 10 pages a day almost... getting to be a huge amount of info to absorb....

i'm starting to belive my apprenticeship has finally begun, got the first formula to a successful setup and it's as simple as making scones i spose.

amazing results fo the Nitro system Egde and it says in your profile 5 years of trading!, nice i certainly look forward to becoming Qualified (finished my apprenticship) EDGE TRADER!!!!

at the moment i will focus entirely on the intial setups, after some time i will look into all the other indi's, but not until i'm looking for another challenge!!

Pure gold, now i gotta figure out what i can pay forward to this Brilliant community!!!!!!
if i used every commercial EA i would be a brazilianare by next week!!!!
  • #2,622
  • Jul 26, 2009 3:57am Jul 26, 2009 3:57am
Quoting maxwell-eqtn
SwingMan,

You have been so helpful to the FX community. I thank you soooooo much. Keep it up Man
I second that....

Swingman delivers his progamming skills ..... does not fill his posts with mathematical jargon to impressive the masses.... nor show images of indicators "IN THE HOPE" for the community. He shares!
  • #2,623
  • Jul 26, 2009 3:58am Jul 26, 2009 3:58am
Just updated the info indicator in post:
http://www.forexfactory.com/showpost.php?p=2903292&postcount=2605

It's now working on Renko as well and you can choose the second trix timeframe.

Have fun...
Attached Image (click to enlarge)
Click to Enlarge Name: dxtrade.gif Size: 23 KB
"The only successful substitute for brains is silence."
  • #2,624
  • Jul 26, 2009 4:25am Jul 26, 2009 4:25am
Quoting DXTrade
Just updated the info indicator in post:
http://www.forexfactory.com/showpost.php?p=2903292&postcount=2605

It's now working on Renko as well and you can choose the second trix timeframe.

Have fun...
Thanks for this useful information indicator of yours.

May I ask/confirm the TRIX settings are 3,EEEC for both current and higher TF?
  • #2,625
  • Jul 26, 2009 4:31am Jul 26, 2009 4:31am
Quoting lrathi
Thanks for this useful information indicator of yours.

May I ask/confirm the TRIX settings are 3,EEEC for both current and higher TF?
Yup... ;-)
"The only successful substitute for brains is silence."
  • #2,626
  • Jul 26, 2009 5:19am Jul 26, 2009 5:19am
Quoting 45Fxguy
Karl,
Think you'll find Swingman's fixed trix alarm indi's near one of his last post.
I've been having the same problem with catching late signals so going to try using the vorticity signal arrows on my charts (should be able to find it under paper clip, top upper right) that is if I get to trade the prime time this week. It's at least a couple 5 min bars ahead of the trix...
45FxGuy,
Think again, do not use a backtest of vorticity, unless you mean a 'forward test of historical data using MT4 Strategy Tester'.

As has been reported several times, Vorticity = Fisher Tramsform = repainting of several bars back. But you can use it for live trading, if you understand its limitations.

Ian
  • #2,627
  • Jul 26, 2009 5:26am Jul 26, 2009 5:26am
Quoting ianf0ster
As has been reported several times, Vorticity = Fisher Tramsform = repainting of several bars back. But you can use it for live trading, if you understand its limitations.
Ian
Vorticity can be used as a primer if Trix is the trigger. But the time period between Vorticity and Trix signals should not be too big. The best is that the signals match or Trix gives its signal during next 1-2 candles.
  • #2,628
  • Jul 26, 2009 5:29am Jul 26, 2009 5:29am
Quoting Indrek
Vorticity can be used as a primer if Trix is the trigger. But the time period between Vorticity and Trix signals should not be too big. The best is if the signals match or Trix gives its signal during next 1-2 candles.

I find the recommended WMA 8,3,6 in post #1 very good as primer on all TF. The advantages no repaint issues.
  • #2,629
  • Jul 26, 2009 5:32am Jul 26, 2009 5:32am
Quoting Indrek
This is a nice tool! As I have M15 Trix on my screen, I turned this one to show H1 Trix. Visually very very good
Thank you!
Find this version very useful for any TF trade H1 see what TRIX 15 is doing OR what TIX H4 is doing.


My concept of RENKO charts from researching on the web is one of mixed messages.

Shall write another post to by confusion in the hope someone more enlightened can iron out my mixed messages.
  • #2,630
  • Jul 26, 2009 5:48am Jul 26, 2009 5:48am
Quoting ianf0ster
45FxGuy,
Think again, do not use a backtest of vorticity, unless you mean a 'forward test of historical data using MT4 Strategy Tester'.

As has been reported several times, Vorticity = Fisher Tramsform = repainting of several bars back. But you can use it for live trading, if you understand its limitations.

Ian
Yes, that was what I meant, was doing, & was using the Vorticity signal arrows not the others, although they do match up pretty well when placed on same chart.
  • #2,631
  • Edited 6:28am Jul 26, 2009 5:57am | Edited 6:28am
Quoting 45Fxguy
Yes, that was what I meant, was doing, & was using the Vorticity signal arrows not the others, although they do match up pretty well when placed on same chart.
When finished with this backtest, please inform me about the results via PM I like this alternative way of trading.
http://www.forexfactory.com/showpost.php?p=2896050&postcount=233
  • #2,632
  • Jul 26, 2009 6:01am Jul 26, 2009 6:01am
Quoting lrathi
I find the recommended WMA 8,3,6 in post #1 very good as primer on all TF. The advantages no repaint issues.
I changed the LWMA 8,3,6 from yellow to orange red so it stands out more.
Guess the vorticity signal arrows are more for confirmation, and it has a nice alarm/pop up, which the LWMA lacks.
  • #2,633
  • Jul 26, 2009 6:06am Jul 26, 2009 6:06am
The Renko bars script is working only where is a real(or demo)live data feed?Coz NOW it's NOT working for me.Please answer anyone who really knows how to use this script,I just bought it friday and I can't want to use it!Thanks guys.
  • #2,634
  • Edited 6:51am Jul 26, 2009 6:26am | Edited 6:51am
Quoting Indrek
When finished with this backtest, please inform me about the results via PM I like this alternative way of trading. http://www.forexfactory.com/showpost.php?p=2896050&postcount=233
Indrek,
I'm not sure how accurate those results would be, I'm just kind of randomly picking out days from last week and after I hit 30 pips or so move on to the next day, some of the trades take a couple of hours in virtual back test time, but one trade a day may be less stressful than making multi trades on different pairs.
Do you or anyone know if there is a script or ea that will allow me enter MANUAL trades directly into MT4's strategy tester and see the results under it's results tab?
Think my back test results would be as accurate as my forward if not having to slow strategy tester's pace down to give myself time to record/paper trade my entries and exits.

Happy Birthday to me!
  • #2,635
  • Jul 26, 2009 6:44am Jul 26, 2009 6:44am
Quoting vladv
The Renko bars script is working only where is a real(or demo)live data feed?Coz NOW it's NOT working for me.Please answer anyone who really knows how to use this script,I just bought it friday and I can't want to use it!Thanks guys.
Da nu-i nici un bai, functioneaza si off line la mine cel putin. Trebui numa sa vizionezi video-ul si pricepi cum devine cazul...
  • #2,636
  • Jul 26, 2009 6:49am Jul 26, 2009 6:49am
This resource shows a daily chart of EURUSD renko and candleaticks.http://www.forexoma.com/renko-chart-how-to-trade-using-renko-charts/

HERE TF is daily so time comes into account.


1.If time removed from renko charts....Does Trix 15 matter on a Trix 5 min chart? Trading with higher TF trix?
2. Can one trade a higher TF renko an equivalent to H1 or M15 or daily etc? Just check Renko charts at few intervals.
3.So Tick data used for RENKO.... What is an appropriate interger to put in this renko script to trade H1 charts?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: renko-chart-5[1].png Size: 60 KB
Click to Enlarge Name: renko-chart-6[1].png Size: 56 KB
  • #2,637
  • Jul 26, 2009 7:29am Jul 26, 2009 7:29am
Quoting lrathi
This resource shows a daily chart of EURUSD renko and candleaticks.http://www.forexoma.com/renko-chart-how-to-trade-using-renko-charts/

HERE TF is daily so time comes into account.


1.If time removed from renko charts....Does Trix 15 matter on a Trix 5 min chart? Trading with higher TF trix?
2. Can one trade a higher TF renko an equivalent to H1 or M15 or daily etc? Just check Renko charts at few intervals.
3.So Tick data used for RENKO.... What is an appropriate interger to put in this renko script to trade H1 charts?

The purpose of Renko bars is to reduce the noise from the charts. So if you want to trade from an 1 hour chart you must put the size of Renko bars, as the ATR of the 1 hour chart. I have done that from 5min to 30min and works very good.

John
  • #2,638
  • Jul 26, 2009 7:50am Jul 26, 2009 7:50am
Quoting johndata
The purpose of Renko bars is to reduce the noise from the charts. So if you want to trade from an 1 hour chart you must put the size of Renko bars, as the ATR of the 1 hour chart. I have done that from 5min to 30min and works very good.

John
when you say ATR from H1 charts....
what do you mean?

ATR can be any interger?

Please more detail.... default is ATR 14 on MT4
  • #2,639
  • Jul 26, 2009 7:57am Jul 26, 2009 7:57am
Quoting lrathi
when you say ATR from H1 charts....
what do you mean?

ATR can be any interger?

Please more detail.... default is ATR 14 on MT4


I have put ATR(1000)

The ATR(1000) for eurusd 1 hour is 31-32, now

John
  • #2,640
  • Jul 26, 2009 8:02am Jul 26, 2009 8:02am
Quoting cobraforex
Hi Folks

I would be a little more careful with commercial indicators, the fact that FF has a commercial beta forum doesn't mean that we can post whatever we want.

Trying to help here, I found deep in my indicator box a renco indi, it opens in a subwindow but you can draw S&R lines, fib it, draw TL's, add a MA etc.

There is even the advantage that you see on the same chart the candles.

Maybe some of the leaders here can try it and if it's useful you folks can work with it.

If I remember well I got it from a russian forum in mq4 that's why...

MAKE ATTENTION FOLKS!!!!!

Renko.mql and Renko 2.mql ARE NOT REAL RENKO, as we more than once have read on this thread...
They are indicators and don't work in the right way, so the WILL NOT WORK with C4!!!

WE are not talking about of the"commercial renko" to support the vendors....we are talking about that because is the ONLY ONE THAT IS REAL RENKO AND THE ONLY ONE THAT WORKS.

Buy it or not buy it is just your choice...if you don't want it and don't need it...don't buy it!!
Market is like a puzzle, YOU have to fit the pieces!!
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