C4 Scalping | Page 133 | 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

  • #2,641
  • Jul 26, 2009 8:16am Jul 26, 2009 8:16am
Quoting SwingMan
Hi Edge, after three looks on your chart I tried to get the entrys.

Can you please confirm the accuracy of the signals?



This is an algorithm for 10P range, for trend(2) and consolidation(1) patterns only.
The moving average crosse is ignored.

OM. (Make pips and no bombs).
.

SwingMan...it seems very near to the Nitro concept ;-)
Will try it as soon as the market opens....

GREAT WORK!!!!!!!!!!
Market is like a puzzle, YOU have to fit the pieces!!
  • #2,642
  • Jul 26, 2009 8:17am Jul 26, 2009 8:17am
Edge,
I am absolutely blown away by the way you are presenting your trading strategy. I started on this strategy a couple of weeks later than the rest of the team, and being dumb as a rock, it has taken me some time to get up to speed on the first part. Now you are adding the second part and its like an epiphany!

I have been sucking this info up as fast as I can as I have read the forum posts twice, am reading the recommended book, have backtested it on six currency pairs, and am trading this strategy live. I have Renko charts on TS but not yet on MT4 so that will be the next step.

I could not get this level of valuable information in a paid seminar (voice of experience - multiple times). To this I want to say thank you. I don't care what your underlying motivation is, the fact that you are willing to share this info for free is astounding at the least. I am also glad that you are not letting the naysayers affect or distract you from your purpose of teaching the willing.

For those of us who started this journey later than the others, I hope you will have patience if we happen to ask something that has already been answered or if we don't exactly understand something.

Keep it up. This is almost BTS.
4XTrader2
  • #2,643
  • Jul 26, 2009 8:20am Jul 26, 2009 8:20am
Quoting SwingMan
Hi Edge, after three looks on your chart I tried to get the entrys.

Can you please confirm the accuracy of the signals?



This is an algorithm for 10P range, for trend(2) and consolidation(1) patterns only.
The moving average crosse is ignored.

OM. (Make pips and no bombs).
.

hi swingman,

i'd like 2 give u a vouch but i can't. due 2 ff's vouch system. thank you 4 your unselfish giving of your time n efforts here. appreciate it.

u mention that u had a project coming up n maybe going away.what happen to it?? thanks
  • #2,644
  • Jul 26, 2009 8:26am Jul 26, 2009 8:26am
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.

If I remember well I got it from a russian forum in mq4 that's why I think it has no copyright and can be distributed for free (if someone knows it better and it has Copyright please PM me and I'll delete the post).

Have a great weekend all.

hi all,

cobraforex is right on this. we gotta be careful when dealing with commercial n intellectual products. they have copyrights n trademarks behind them. we're posting on a free forum but must be careful!! so as to avoid legal complications. thanks
  • #2,645
  • Jul 26, 2009 8:27am Jul 26, 2009 8:27am
Quoting johndata
I have put ATR(1000)

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

John
May I ask why ATR 1000...What is the rational behind it.

For for H1 it is 31-32 so each brick size is 30

What offline TF are you using? M2 as well with 30 brick size?
Thanks
  • #2,646
  • Jul 26, 2009 8:32am Jul 26, 2009 8:32am
Quoting lrathi
May I ask why ATR 1000...What is the rational behind it.

For for H1 it is 31-32 so each brick size is 30

What offline TF are you using? M2 as well with 30 brick size?
Thanks
The timeframe doesn't matter.
You can use 2,3,17 or 29... the result will always be the same as it's only the brick size which counts.
"The only successful substitute for brains is silence."
  • #2,647
  • Jul 26, 2009 8:42am Jul 26, 2009 8:42am
Quoting DXTrade
The timeframe doesn't matter.
You can use 2,3,17 or 29... the result will always be the same as it's only the brick size which counts.

I understand this bit...
What I do not understand is does one use ATR (14) default on MT4 on the TF they choose to trade and work out the brick size?


Johndata uses ATR 1000?????
  • #2,648
  • Jul 26, 2009 8:56am Jul 26, 2009 8:56am
Quoting lrathi
May I ask why ATR 1000...What is the rational behind it.

For for H1 it is 31-32 so each brick size is 30

What offline TF are you using? M2 as well with 30 brick size?
Thanks
The ATR(14) for the last day(eurusd-1 hour)) was from 24-34, the previous day was from 18-24 etc. So i begun to increase the number 14 to get a more steady number. The number 1000 is good for all pairs i watch(15pairs). You can play a little with the ATR to see what i mean. For EURUSD i use M2-7 brick, M3-13 brick and M4-20 brick. I can't use bigger number of bricks as the script takes data from 1 minute chart.

Also, the Renko charts are not for scalping(only), but are excellent to spot previous support and resistance areas.

I believe you understand that M2, M3, M4,.. M(x) is just names that you choose from scripts properties.

Hope that help you a little

John
  • #2,649
  • Jul 26, 2009 9:08am Jul 26, 2009 9:08am
This tread is about the holy grail.......... better than 96/100 good trades......... so please stay cool
  • #2,650
  • Jul 26, 2009 9:19am Jul 26, 2009 9:19am
Update smRenko Signals_v2 indicator.

Warning:
This is a version for testing historical signals and for training the identification of favorable entrys.

- I don't know if the indicator is functioning with live prices, if the signals are correct etc.

- Please test the signal parameters only for the default value 10P brick and learn to identify signals. I'm absolutely sure that only few member have understood when and why appear signals on the chart.

- Please use the indicator for learning and training.

- You can draw only signals, only entrys or both.

For your trading you must identify himself what is
- the reverse pattern
- the sideway pattern
- the trend continuation pattern (second entry in trend)
(This are my pattern definitions, but they can be identified in Edge's charts. Please do this!).

With the TestBegin parameter you can give a shorter period for testing and learning, as example TestBegin = 2009.07.23 20:36
.

Attached File(s)
File Type: ex4 smRenko Signals_v2.ex4   18 KB | 968 downloads
  • #2,651
  • Jul 26, 2009 9:20am Jul 26, 2009 9:20am
Quoting DXTrade
Yup... ;-)
Hi DxTrade,

I think your indi will be complete if you add just one more thing.

1 min CCI (14) + 1 min CCI(50) = total/2
when negative display numbers in red, positive in green, or let user choose the
colors & or time frames.
  • #2,652
  • Jul 26, 2009 9:29am Jul 26, 2009 9:29am
Quoting Angler
Hi all....

Just technical question if I may about these Renko charts...

"The Renko script intercepts the raw tick data from the M1 chart same as any indy or EA. By default, this is BID data in MT. It then assembles these into Renko bricks based on your specified brick size only, say..."


This part I can understand when the charts are running and you have a live feed coming in.....BUT WHEN you turn off your computer and come back 4 hours later......how does MT4 update your chart....if your using a M1 chart....does MT4 just load in...

Angler, here is the response I got from MqlServices when I ask them your question.


Quote:
"you are correct, Metatrader only holds OHLC prices. The Renko script interpolates ticks from historical prices similarly to the Metatrader backtester. The live data are tick based thou. In order to get the most accurate bars you need to keep the PC online all the time. This is forced by the Metatrader architecture and I cannot do much about it."

so your take is correct.
The best thing to do is to leave your MT4 running as much as possible with the Renko charts up.
  • #2,653
  • Jul 26, 2009 9:44am Jul 26, 2009 9:44am
Quoting cobraforex
Ok, only tried to help because working with a commercial one can cause problems for this thread.
FF is only against the promotion of products where someone on the thread benefits from their purchase. No one benefits from the renko script purchase, people are directed to google the seller's site and no commissions or kickbacks occur. So I don't think FF would object to our discussing this script.
******************* I'd rather make money than be right.
  • #2,654
  • Jul 26, 2009 9:50am Jul 26, 2009 9:50am
Quoting SwingMan
Update smRenko Signals_v2 indicator.

Warning:
This is a version for testing historical signals and for training the identification of favorable entrys.

- I don't know if the indicator is functioning with live prices, if the signals are correct etc.

- Please test the signal parameters only for the default value 10P brick and learn to identify signals. I'm absolutely sure that only few member have understood...

Hello SwingMan,

I believe with your expertise in programming you can make a Renko Bar indicator. Can you try this please ?

Thanks SwingMan
  • #2,655
  • Jul 26, 2009 9:57am Jul 26, 2009 9:57am
Quoting lrathi
I understand this bit...
What I do not understand is does one use ATR (14) default on MT4 on the TF they choose to trade and work out the brick size?


Johndata uses ATR 1000?????
Hey Doc,

Been watching and reading about your ATR issues.

Perhaps I can simplify this process for you and others who wish to trade a longer period with Renko instead of candles.

Simply take a look at your 1H candle chart. Apply an ATR set at 14 to get the average range for the past 14 hours. Say it is 25.

Simply make your Renko brick the size of that ATR reading to the nearest 10th integer and always ROUND DOWN the number, never UP. So, that 25 becomes a 20 brick size. That will allow a close comparison between bricks and candles.

Hope that makes sense.

Regards.
  • #2,656
  • Jul 26, 2009 10:02am Jul 26, 2009 10:02am
With the new version of the Renko Signal indicator I tried to check the accuracy of the entry signals.

Because I have little time to think, I have to programmed, please post possible errors.

- Chart 1: only entrys. This must be similar with the entrys in the TS chart. As result I have also 100% wins!

- Chart 2: only signals. The signals are filtered with the moving average LWMA 8.

- Chart 3: (filtered) signals and entrys.


( The results are not calculated correctly in this version because I must still take into account the 20 pips StopLoss.)
-----------------------------------------------------------

Short indicator explanations:

- For me, bevore I take an entry, I must have a signal!

- A long signal is drawn if the price exceeds with minimum 10 pips the high of the previous brick and, of course, a new brick has been created.
As example, if the conditions for a long reverse signal are fulfilled, I become a signal and I entry long at the high of the brick.

- For a long trade we have a win when we see a new green brick above the entry price, because in this case the price exceeds with 10 pips the high of the signal brick. Only in this case is drawn a (blue) entry signal arrow in the chart .
.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: renko_test1.gif Size: 13 KB
Click to Enlarge Name: renko_test2.gif Size: 13 KB
Click to Enlarge Name: renko_test3.gif Size: 13 KB
  • #2,657
  • Jul 26, 2009 10:25am Jul 26, 2009 10:25am
Quoting SwingMan
With the new version of the Renko Signal indicator I tried to check the accuracy of the entry signals.

.
It may not have to be so complicated .. look at this chart with 2 of your previous indicators, the sm Trix Candles and the sm MA with applied price ... if candle is green and line is blue, go long. If candle is red and line orange-red, go short. Seems to work every time.
PS thanks for all your hervorragende Arbeit!
Attached Image (click to enlarge)
Click to Enlarge Name: gy.gif Size: 19 KB
******************* I'd rather make money than be right.
  • #2,658
  • Jul 26, 2009 10:26am Jul 26, 2009 10:26am
Hi there Edgetrader and TudorGirl,

Looking forward to your big bang with Nitro. Hoping that the big bang results in a lot of diamonds.

You have a real big following here. Here's wishing you a good run. Let this not be merely a 100 metre dash as with many threads blown up by jealous negative people. If any appear I am confident you will reach for your Nitro! Let this be a good marathon.

Keep up the good work.
May the PIPS and Diamonds be with you.

Trader7
  • #2,659
  • Jul 26, 2009 10:32am Jul 26, 2009 10:32am
Quoting SwingMan
With the new version of the Renko Signal indicator I tried to check the accuracy of the entry signals.

Because I have little time to think, I have to programmed, please post possible errors.

- Chart 1: only entrys. This must be similar with the entrys in the TS chart. As result I have also 100% wins!

- Chart 2: only signals. The signals are filtered with the moving average LWMA 8.

- Chart 3: (filtered) signals and entrys.


( The results are not calculated correctly in this version because I...

That is one powerful chant on the chart!

Q for you, is this indi/signal only working with 10 pip bars, or can that be made user adjustable?

Thank you once again, and again.

Pardy
  • #2,660
  • Jul 26, 2009 10:33am Jul 26, 2009 10:33am
Hi edgetrader,
In my terminal smrenko not working.ple help me
2 traders viewing now