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C4 Scalping

  • #2,681
  • Jul 26, 2009 11:23am Jul 26, 2009 11:23am
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...
Great job Sman will test when market opens thanks for your contributions. From back tests the signals are 100% correct.
  • #2,682
  • Jul 26, 2009 11:25am Jul 26, 2009 11:25am
Quoting 4xStar
Kon ban-wa! You are up late :-)

I believe Edge does have a 2 to 1 sl to tp ratio because the percentage of the wins is so great. You are correct in how you assess the movement of the 10 pip bars .. if you buy at close of an up bar, trade can go -19 against you without painting a new bar.

It was hard for me at first to accept the larger SL but as I kept going (in a micro acct!) I found that the win percentage is really so high .. it is no longer an issue.
Great post!!! Some of us must realise that before this we used to have 20, 30, and 40 pip stops.
  • #2,683
  • Jul 26, 2009 11:26am Jul 26, 2009 11:26am
Quoting 4xStar
Kon ban-wa! You are up late :-)

I believe Edge does have a 2 to 1 sl to tp ratio because the percentage of the wins is so great. You are correct in how you assess the movement of the 10 pip bars .. if you buy at close of an up bar, trade can go -19 against you without painting a new bar.

It was hard for me at first to accept the larger SL but as I kept going (in a micro acct!) I found that the win percentage is really so high .. it is no longer an issue.
Yeah I have been doing some different tests with different take profit levels and stop levels, I'll keep plugging along. I have to defer to edge though, if he says a 1:2 RR works for him then I'll do some more visual back tests.
  • #2,684
  • Jul 26, 2009 11:26am Jul 26, 2009 11:26am
Quoting mgs1f
Great job Sman will test when market opens thanks for your contributions. From back tests the signals are 100% correct.
which indicator are you referring to? The smRenko Signals v2 gave mostly bad signals on my charts....
******************* I'd rather make money than be right.
  • #2,685
  • Jul 26, 2009 11:28am Jul 26, 2009 11:28am
Swingman,

I was wondering if you could help. I'm having a bit of a problem with the Trix indicator "smsuper Trix_MTF_V1.1"

I want to try it on a 2 hour time frame (120 minutes). If I enter 60 or 240 (1hour or 4 hours) into the 'upper_time_frame' the indicator is visible, however when I enter 120 (2 hours) into the 'upper_time_frame' and the indicator goes blank.

Any thoughts on why this may be?
  • #2,686
  • Edited 12:21pm Jul 26, 2009 11:41am | Edited 12:21pm
Quoting Pardy
Just because I am just starting to get used to 5 pip range renko's, these are what I have been watching!!!

Be useful if it was user definable also for others who like the longer tf's
- Have you seen the parameter Renko_Range = 10 ?! Sure can you change this.

It remains the problem that probably for your 5P bricks you need an other algorithm to identify the signals and the entrys, and that is not included in this indicator. Apology for the circumstances and forget this indi because Edge also said it is not usable. Wait the next years until you get an super-tooper-poly-diamond indi from other programmers...
  • #2,687
  • Jul 26, 2009 11:45am Jul 26, 2009 11:45am
lol swingman, u are
  • #2,688
  • Jul 26, 2009 11:53am Jul 26, 2009 11:53am
Swingman,

Edge meinte das ironisch. Er hat damit nur diesen Angus auf die Schippe genommen.

Keep up the good work

tex

Quoting SwingMan
This is too much for my english understanding, but I have to keep you are not satisfied with my simple indicator.
No problem: no more false indicators from me.
  • #2,689
  • Jul 26, 2009 11:54am Jul 26, 2009 11:54am
Quoting SwingMan
- Have you seen the parameter Renko_Range = 10 ?! Sure can you change this.

It remains the problem that probably for your 5P bricks you need an other algorithm to identify the signals and the entrys, and that is not included in this indicator. Apology for the circumstances and forget this indi because Edge also said it is not usable. Wait the next years until you become an super-tooper-poly-diamond indi from other programmers...
I think like your smcandles this indi is useful. Sure I changed the range, but will have to wait till the market opens to see what it does ( atm, it prints the same signal on my 5 pip renko's).
No need to apologise, you've been super helpful. Btw, as Edge said, I'm sure he was simply enjoying a moment of Sunday levity.

Warm regards
Pardy
  • #2,690
  • Jul 26, 2009 12:06pm Jul 26, 2009 12:06pm
Quoting Indrek
I am afraid that in real life there would not be only winners on your charts...
What I mean are the bricks that have an arrow below or above and after which PA has turned to the opposite direction.
Mathematically a 10 pip brick is really a win but we have to consider 1) spread and 2) the fact that possibly we are not able to open the position exactly at the open of new brick but at least for 1-2 pips later.
So, I would say that winners are only these bricks that have an arrow up/below and that are followed by a brick that goes to the same...
Historically accurate. Everyone on planet earth has this beat into their heads from birth to death.

However, we need nowhere near this level to do quite well. We need only a few pips extracted from but ONE 10 tic bar. Even at 75-80%, we will do very well indeed.

Many here have made the mistake of assuming 'Nitro' and C4 are the same. Wrong!

As per vocabulary, Nitro and C4 are separate plans completely. I mentioned previously that the indi's and integrators were different altogether.

Regardless, the salient point is that, with an open mind, I can indeed provide you with enough tools to have you well on your way to becoming proficient in your trading endeavors relatively quickly. Trading is nowhere near as difficult as many over the years have lead you to believe.

In addition, there is little doubt that 'less is more' is a very good trading concept during these turbulent market and economic times. It seems an empty arguement to attempt to qualify a more pip, let the trade run philosophy at this time.

Why, because nobody alive is able to forcast exactly when these 'trends', regardless of length, are going to develop. And neither candle, point and figure, renko, bar or any other charting format is not going to help do that either.

The only 'constant' that can be counted on as 100% certain is some manner of PA movement. It (PA) will move up or down during normal market trading times 100% of the time. A simple ATR reading of any chart at any TF and on any day, week or month will confirm this. As such, we need only a relatively small amount of PA in order to go to work here.

That said, it is amazing how a 'preview' of a new plan has literally been digested as one providing the holy grail of trading, or something perceived as damn close. It is not of course anything of the like. It is something I worked on for some time and have had some success with. It was never provided in its entirety to this thread. It is those with the restless souls and mathematic curiosity that have taken it upon themselves to plow forward with it as previewed. I mentioned that I would step back and watch the thing unfold, and will continue to do so.

This is not done with amusement. I am actually quite impressed with the energy and thought put into unraveling what appears to be some sort of puzzle. At both least and most, everyone is really doing some hard thinking here and engaging that which holds the key to success, the human brain. Good job there and GOLD STARS for all!!

Once again though, and for the record, I think C4 is the single best option to continue with at this time. It is already proven as viable and profitable. I think chaos will rein this week though as so many cannot wait to play with the new toy. I sure hope this MT4 Renko has merit or all hell will break loose. And I ain't taking the heat on that if it doesn't work out so not one question or posting directed at me better show up referencing 'Nitro' assumed failure.

Remember, 10 pips a day average and you make the team. 20 pips a day average and you are in the starting lineup. 30 pips a day average and you make the annual all star team.

Learn to take that 30 pip average and apply the process day in and day out over a career and you enter the Hall of Fame. Not so much as a trader, but as an excellent provider to your spouse, children and grandchildren. That is the ultimate accolade one can earn in this, or any other profession imho.

Regards.
  • #2,691
  • Jul 26, 2009 12:15pm Jul 26, 2009 12:15pm
Quoting SwingMan
Apology for the circumstances and forget this indi because Edge also said it is not usable. Wait the next years until you become an super-tooper-poly-diamond indi from other programmers...
bekommen = get
become = werden

But I wish my German was as good as your English!

As I said before, you have already made 2 killer indicators for renko .. the trix colored candles and the applied price MA (which edge does not think is necessary). Put these 2 on a renko chart and look what happens every time they allign....
******************* I'd rather make money than be right.
  • #2,692
  • Jul 26, 2009 12:15pm Jul 26, 2009 12:15pm
Quoting JillyB
...I want to try it on a 2 hour time frame (120 minutes).
You must know from other MTF indicators that thay use the internal default time frames, and not calculated TFs. Your 120 minutes are not in the MT4 TF list, and I missed this.

Unfortunately, even in MT5 there is not the H2 TF, but you have 1,2,3 etc. minutes for scalping.

  • #2,693
  • Jul 26, 2009 12:18pm Jul 26, 2009 12:18pm
Quoting JillyB
Swingman,

I was wondering if you could help. I'm having a bit of a problem with the Trix indicator "smsuper Trix_MTF_V1.1"

I want to try it on a 2 hour time frame (120 minutes). If I enter 60 or 240 (1hour or 4 hours) into the 'upper_time_frame' the indicator is visible, however when I enter 120 (2 hours) into the 'upper_time_frame' and the indicator goes blank.

Any thoughts on why this may be?
You could use "Period Conversion Opt" to modify your chart to 2hr. Then apply your indicator on the created chart using default 0 TF, I guess.
Here is the instruction to the process:

http://codebase.mql4.com/indicators/277/
  • #2,694
  • Jul 26, 2009 12:19pm Jul 26, 2009 12:19pm
Quoting Edgetrader
Once again though, and for the record, I think C4 is the single best option to continue with at this time. It is already proven as viable and profitable. I think chaos will rein this week though as so many cannot wait to play with the new toy. I sure hope this MT4 Renko has merit or all hell will break loose. And I ain't taking the heat on that if it doesn't work out so not one question or posting directed at me better show up referencing 'Nitro' assumed failure.
If people blow themselves up with nitro this week, I doubt the pieces can sue...

Every man/woman for him/herself ... anyone who's been paying attention knows we have all the tools we need to make this work.
******************* I'd rather make money than be right.
  • #2,695
  • Jul 26, 2009 12:20pm Jul 26, 2009 12:20pm
Quoting 4xStar
bekommen = get
become = werden

But I wish my German was as good as your English!
Ja, ja, ja! Das ist das zweite mal wann mir das passiert, und das ist wenn ich müde im Kopf bin. Was glaubst Du was mich gekostet hat an den Indi zu arbeiten? Bis 5 Uhr heute früh!
  • #2,696
  • Jul 26, 2009 12:20pm Jul 26, 2009 12:20pm
Quoting SwingMan
This is too much for my english understanding, but I have to keep you are not satisfied with my simple indicator.
No problem: no more false indicators from me.
No sir, this is wrong.

Perhaps Tex has cleared this up as it is American humor that is sometimes mistaken by others as an affront.

No affront intended as was stated in the closing of that posting. You are of course welcome to put out anything at all you deem potentially beneficial to the thread.

Regards.
  • #2,697
  • Jul 26, 2009 12:26pm Jul 26, 2009 12:26pm
Quoting 4xStar
If people blow themselves up with nitro this week, I doubt the pieces can sue...

Every man/woman for him/herself ... anyone who's been paying attention knows we have all the tools we need to make this work.
Demolition school, very similar to inmates running the asylum at times.

Got to be proficient with M80's and C4 first. Nitro a bit more volatile.

Wonder what "Nuclear Meltdown' will bring? Probably lead to complete anarchy.

Regards.
  • #2,698
  • Jul 26, 2009 12:29pm Jul 26, 2009 12:29pm
Quoting fxpig
You could use "Period Conversion Opt" to modify your chart to 2hr. Then apply your indicator on the created chart using default 0 TF, I guess.
Here is the instruction to the process:

http://codebase.mql4.com/indicators/277/
Thanks for that - I'll try it and see how I get on.
  • #2,699
  • Jul 26, 2009 12:33pm Jul 26, 2009 12:33pm
Quoting Edgetrader
...Perhaps Tex has cleared this up as it is American humor that is sometimes mistaken by others as an affront.
Ok, thanks, here in the forum I must live with the American humor , but I'm a bit tired. In my answer to 4xStar in german, I wrote that I had worked up to five clock in the morning to the indicator...
  • #2,700
  • Jul 26, 2009 12:39pm Jul 26, 2009 12:39pm
Quoting SwingMan
Ok, thanks, here in the forum I must live with the American humor , but I'm a bit tired. In my answer to 4xStar in german, I wrote that I had worked up to five clock in the morning to the indicator...
Vielen Dank für Ihre harte Arbeit!
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