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C4 Scalping

  • #2,721
  • Jul 26, 2009 2:51pm Jul 26, 2009 2:51pm
Quoting walb99
Where does this calculation come from?

"1 min CCI (14) + 1 min CCI(50) = total/2"
Just something I came up with while scalping using the ToR 1.2 indicator.
  • #2,722
  • Jul 26, 2009 2:52pm Jul 26, 2009 2:52pm
Quoting TudorGirl
Hi All

Now everyone has the latest toy and is looking forward to the trading week, I would just like to sound a note of caution.

I fear that a number of folk are going to get a nasty surprise when they start trading Renko live. In some ways, Renko is a repainting indicator in the sense that it looks a whole lot better in hindsight than in actual trading.

Take a look at the attached chart. You can see that the last candle has a long wick. In fact, all the candles on the chart had wicks when they were the current candle....

hi anne,

i think u have more experience than most of us at trading renko. is selecting a sl level the only thing u r fretting over trading renko?? thanks
  • #2,723
  • Edited 2:59pm Jul 26, 2009 2:54pm | Edited 2:59pm
Attached is a chart of 13 Pip Renko- could be any number of pips - super imposed on a 1Minute chart of EU. Hopefully, it would help some of the forum members to visualize what Renko is all about before they go hunting with itchy fingers and a couple six shooters in hand.

smTrix is set to 60 to keep track of the LT trends

AS TG and others have duly noted, trading Renko can be, to say the least difficult, since the bricks do not forecast the future but reduces the noise. MAs placed on the renko induces 1. lag and 2 . provides signals based on the assumption that the trend will continue for a "short while".

The TOT indicator is similar to couple of TRIXs with the exception that they are in the same window and follows TG's idea of velocity, acceleration etc.

The keltner, once again is similar to TRIX 3EEE , but in many instances, signal trades a bar or two ahead of the trix and is range bound. By inspection, crossing of the +/- 0.7 levels seem to indicate a reversal.

Edge, Thanks for the concept of "Less is More" in a highly pragmatic way.
The forum has developed quite a few detonators and triggers. Would be good if we could include an Eye in The Sky unmanned drone flying around.


Pat
Attached Image (click to enlarge)
Click to Enlarge Name: 13 pip renko-super_impose on 1m.jpg Size: 157 KB
  • #2,724
  • Jul 26, 2009 2:54pm Jul 26, 2009 2:54pm
Sunday Greetings,

Edge great thread and following you've built using the simplest of trading methodologies, you are to be commended.
I don't mean to ass up your great thread.
Just a 'proof it up"... for some senior traders.
(Been getting some congratulatory and 'prove validity' PM's).
C4 off a 5 with PA indi has been killer..
Granted I trade it a bit different.

Testing//
-'Value at risk' principle
-Running it off C-VaR (fat tail/losses exceeding 'mean' shortfall)
-1.25mln 'Monte' Simulations.
-Euro/Dollar( red stars dating back to Jan'2003. Off a 5,15,30 1, 4, 24.
-Confidence interval 2.5% across the board.

Results//
98.40% 'resolution' stick rate across all time frames.(the other 1.6 are fair game).
Real historical implied vol.
Real Prices

Testing took 11 day's. I'm tired
Attached Image (click to enlarge)
Click to Enlarge Name: CVaR1.jpg Size: 54 KB
  • #2,725
  • Jul 26, 2009 3:02pm Jul 26, 2009 3:02pm
Quoting TudorGirl
Yes - but I have changed this on Edge's advice. Luckily, with Renko the whole boring "What timeframe should I trade" debate goes away.

But only to be replaced by the debate over brick size. This is quite critical. Make the bricks small and, yes, you pick up reversals very quickly which is good for SL, but you get faked with loads of false signals. Make the bricks large and you get less false signals but SL is a problem.

The "correct" size is a function of the square-root of the volatility, as well known from random walk theory. Hence...
Are you joking, I could of sworn someone had mentioned kurtosis risk.
Post #2510

Regards.
  • #2,726
  • Jul 26, 2009 3:14pm Jul 26, 2009 3:14pm
Quoting jacson101
Sunday Greetings,

Edge great thread and following you've built using the simplest of trading methodologies, you are to be commended.
I don't mean to ass up your great thread.
Just a 'proof it up"... for some senior traders.
(Been getting some congratulatory and 'prove validity' PM's).
C4 off a 5 with PA indi has been killer..
Granted I trade it a bit different.

Testing//
-'Value at risk' principle
-Running it off C-VaR (fat tail/losses exceeding 'mean' shortfall)
-1.25mln 'Monte' Simulations.
-Euro/Dollar( red stars dating back to...
I am convinced!
  • #2,727
  • Jul 26, 2009 3:18pm Jul 26, 2009 3:18pm
Quoting jacson101
Sunday Greetings,

Edge great thread and following you've built using the simplest of trading methodologies, you are to be commended.
I don't mean to ass up your great thread.
Just a 'proof it up"... for some senior traders.
(Been getting some congratulatory and 'prove validity' PM's).
C4 off a 5 with PA indi has been killer..
Granted I trade it a bit different.

Testing//
-'Value at risk' principle
-Running it off C-VaR (fat tail/losses exceeding 'mean' shortfall)
-1.25mln 'Monte' Simulations.
-Euro/Dollar( red stars dating back to Jan'2003. Off...
Forgive my ignorance, but are those results good or bad...
  • #2,728
  • Jul 26, 2009 3:23pm Jul 26, 2009 3:23pm
Quoting fibofuzi
hallo Swingman,
wollte dir nur eines mal sagen, DANKE ! für deine tolle arbeit. manche leute sind auf der suche nach einem indicator den es nicht gibt.

weiter so und viele grüße aus münchen.
Möchte mich dem anschliessen und dem `alten Mann` meinen Respect aussprechen.

besten Wünsche aus Bochum

P.S. Wo hat die NASA in Deutschland denn eine `Niederlassung `? Traf vor 10 Jahren mal jemanden der am Roboter der damaligen Marsmission beteiligt war.

In English: thank you for your hard work and my greatest respect to the `old man`. Where the NASA has a depandance in Germany? Some years ago I had contact to somebody who worked on a robot for the former Mars Project.

best wishes from Bochum
  • #2,729
  • Jul 26, 2009 3:51pm Jul 26, 2009 3:51pm
Quoting jacson101
Are you joking, I could of sworn someone had mentioned kurtosis risk.
Post #2510

Regards.
Me, joke? I would love to know how you define the kurtosis of a distribution where you cannot even define the variance, other than through the Fourier transform of its generatiing function!

Anne
  • #2,730
  • Jul 26, 2009 3:53pm Jul 26, 2009 3:53pm
The commercial vendor of the MT4 Renko script many on this thread are using has just released an update for those using a broker with a 5 digit price feed:

"There is a problem reported when using the Renko bars script with 5 digits brokers in the 'EA mode'. When terminal gets restarted and Renko's reload then the dialog window asking for rescaling hangs forcing for the manual confirmation. I've changed it, now automatic rescaling can be set within the input parameters, therefore restarting the terminal is smooth."

You will need to login, download and install it again.
  • #2,731
  • Jul 26, 2009 4:09pm Jul 26, 2009 4:09pm
Quoting TudorGirl
Me, joke? I would love to know how you define the kurtosis of a distribution where you cannot even define the variance, other than through the Fourier transform of its generatiing function!

Anne
That was exactly what I was thinking...
  • #2,732
  • Jul 26, 2009 4:09pm Jul 26, 2009 4:09pm
Quoting TudorGirl
Yes - but I have changed this on Edge's advice. Luckily, with Renko the whole boring "What timeframe should I trade" debate goes away.

But only to be replaced by the debate over brick size. This is quite critical. Make the bricks small and, yes, you pick up reversals very quickly which is good for SL, but you get faked with loads of false signals. Make the bricks large and you get less false signals but SL is a problem.

The "correct" size is a function of the square-root of the volatility, as well known from random walk theory....
The 'debate' over brick size is only between those whom I have evidently failed to gain some measure of trust from.

I am not in the habit of setting forth any material what so ever that has not already been optimized from virtually every angle I can possibly conceive of.

As with C4, Nitro will prove itself very minimalistic in design yet powerful in operation. As with anything I do from a trading perspective, it too is designed with the less is more, high strike rate concept in mind. It has already had considerable back-testing completed, was modestly live traded and has been in full swing for a while to boot.

Yes, you are missing one ingredient but, there are several working to lock down signal generation duplication. Regardless, the work being done will be well worth the effort.

Am not at all surprised at the lack of faith being displayed in general. Probability theorem trading is all about FAITH in your base trading plan and trading it day in and day out with abandon and without regret.

I mentioned that this methodology is somewhat similar to a marriage. The plan is your 'partner, for better or for worse' as they say. With time, the bond deepens so as to allow a trust to be developed. That trust is not thought of often, it is simply a fact most often taken for granted. Sure, there will be minor 'disputes' in a marriage and things will get shaky now and then. In the end, it is the FAITH that will serve as your guiding light and lead you every so often from apparent darkness to certain light.

So, all things with time folks. We have come in a few weeks what others take a year or so to travel. Learn to have the patience of any oyster. This is a big week. Should the MT4 material proof up, then a major hurdle will have been cleared. A few days is all we need for that.

Also, what if the great MT4 Renko experiment fails? So what! Do we not have a viable and profitable ordinance to fall back to. It's not like C4 is a load of crap you know. I really do not see a downside here.

Hell, we can make a buck or two with a crummy M80. Many of you can go off on your own today and isolate good +5 and +10 opportunities. Relax!

Regards.
  • #2,733
  • Jul 26, 2009 4:10pm Jul 26, 2009 4:10pm
Quoting nsteve
The commercial vendor of the MT4 Renko script many on this thread are using has just released an update for those using a broker with a 5 digit price feed:

"There is a problem reported when using the Renko bars script with 5 digits brokers in the 'EA mode'. When terminal gets restarted and Renko's reload then the dialog window asking for rescaling hangs forcing for the manual confirmation. I've changed it, now automatic rescaling can be set within the input parameters, therefore restarting the terminal is smooth."

You...
Can anyone mention who the commercial vendor is - I've googled renko charts and there are many, many choices.

Cheers

Nick
  • #2,734
  • Jul 26, 2009 4:15pm Jul 26, 2009 4:15pm
Here is a 10 Pip Renko with wicks.


Pat
Attached Image (click to enlarge)
Click to Enlarge Name: 10 pip renko.jpg Size: 217 KB
  • #2,735
  • Jul 26, 2009 4:16pm Jul 26, 2009 4:16pm
Quoting Jimmy Jones
Forgive my ignorance, but are those results good or bad...
Yeah, what he said.

I am still working on the 'red star' things. Might as well need the ability to transpose hieroglyphic symbols at times here :nerd:.

Claiming total ignorance and proud of it.

Regards.
  • #2,736
  • Jul 26, 2009 4:20pm Jul 26, 2009 4:20pm
Something I have been working on over the weekend. Cant match the signals from the screen shots edge posted, and frankly I'm done trying for now. I got what I need to blow some stuff up this week, so going to focus on trading and work on nitro next weekend.
Attached Image (click to enlarge)
Click to Enlarge Name: boom.png Size: 34 KB
  • #2,737
  • Jul 26, 2009 4:22pm Jul 26, 2009 4:22pm
Quoting Pat1
Here is a 10 Pip Renko with wicks.


Pat
Obviously Heiken Ashi in disguise. Very cloak and dagger stuff this trading is becoming.

Chaos v. Control
British Secret Service v. Specter
Dudley Dooright v. Snidely Whiplash

Soon we will have Moose and Squirrel v. Boris and Natasha.

Anne already has that particular explosive device on her charts.
  • #2,738
  • Jul 26, 2009 4:24pm Jul 26, 2009 4:24pm
Quoting Jimmy Jones
Something I have been working on over the weekend. Cant match the signals from the screen shots edge posted, and frankly I'm done trying for now. I got what I need to blow some stuff up this week, so going to focus on trading and work on nitro next weekend.
Simple and clear to see.

Nice.
  • #2,739
  • Jul 26, 2009 4:26pm Jul 26, 2009 4:26pm
Quoting Edgetrader
Simple and clear to see.

Nice.
Yes, it has primer and trigger. Still a few losses here and there, does not look nearly as nice as your screen shots as far as signals generated and win percentage, but it's better than anything I have traded with to date. Not ready to take it out live yet so will be working with c4 this week while I watch these nitro charts to see how they look in real time...
  • #2,740
  • Edited 5:03pm Jul 26, 2009 4:54pm | Edited 5:03pm
Quoting Edgetrader
Obviously Heiken Ashi in disguise. Very cloak and dagger stuff this trading is becoming.

Chaos v. Control
British Secret Service v. Specter
Dudley Dooright v. Snidely Whiplash

Soon we will have Moose and Squirrel v. Boris and Natasha.

Anne already has that particular explosive device on her charts.

No HA Edge.

Here are 10 Pip Renko on 1M EU
.
First one has slightly different brick changing algo.
The second one is based on ATR300
Third is a 10 and 30 pip renkos on a 1M Eu
Fourth one is traditional 10 Pip Renko

The lines are brick changing levels

Hope this alleviates doubt.

Pat
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 10 pip renko on 1m eu modified algo.jpg Size: 143 KB
Click to Enlarge Name: 300 atr renko on 1m eu .jpg Size: 118 KB
Click to Enlarge Name: 10 and 30 pip renkos on 1m eu.jpg Size: 172 KB
Click to Enlarge Name: 10 pip renko on 1m eu.jpg Size: 144 KB
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