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C4 Scalping

  • #2,781
  • Jul 26, 2009 8:16pm Jul 26, 2009 8:16pm
Hello all,

I have been back testing SM's Renko signals and am blown away with Edge's system. I added finally had the nerve to strip my chart of as many indicators as possible and get started, but my chart is not updating. I am sure I am missing something incredibly simple, but I can't see what I am doing wrong.

Help!
Attached Image (click to enlarge)
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  • #2,782
  • Jul 26, 2009 8:25pm Jul 26, 2009 8:25pm
Quoting Dewey McG
Hello all,

I have been back testing SM's Renko signals and am blown away with Edge's system. I added finally had the nerve to strip my chart of as many indicators as possible and get started, but my chart is not updating. I am sure I am missing something incredibly simple, but I can't see what I am doing wrong.

Help!
Go back to your EU one minute chart and make sure the script is still running.
  • #2,783
  • Jul 26, 2009 8:34pm Jul 26, 2009 8:34pm
Dewey,
You don't have your m1 charts open which create the renko charts.

Quoting Dewey McG
Hello all,

I have been back testing SM's Renko signals and am blown away with Edge's system. I added finally had the nerve to strip my chart of as many indicators as possible and get started, but my chart is not updating. I am sure I am missing something incredibly simple, but I can't see what I am doing wrong.

Help!
  • #2,784
  • Jul 26, 2009 8:38pm Jul 26, 2009 8:38pm
Quoting johnthom
Go back to your EU one minute chart and make sure the script is still running.

Thanks a million! That was it.
  • #2,785
  • Jul 26, 2009 9:26pm Jul 26, 2009 9:26pm
Quoting JazzmanQ2
Check out post #2396 (http://www.forexfactory.com/showpost.php?p=2901505&postcount=2396)
Jazzmanq2
Thanks finally I got it to work
  • #2,786
  • Jul 26, 2009 10:29pm Jul 26, 2009 10:29pm
Quoting gerry berard
Another one
It ;ooks why simple...so simple I don't see what your using for entry or exit...clearly not C4 as edge has been teaching here...but hey...if it gets you pips...then that's all it matters...you have clearly made it your own system...great job.
  • #2,787
  • Jul 26, 2009 10:38pm Jul 26, 2009 10:38pm
Quoting Edgetrader
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...
Thanks EDGE, you understood my question exactly and answered it precisely.

YOur simple yet powerful strategy still earns my respect. Renko charts is new to me and understand the benefits( noise removed). How to use at higher TF's was confusing but now clear. The Japanese mind in many fields (including education and music ) and of course trading(RENKO) is one to be admired and followed.

I consider myself an ordinary mature trader here no need for the "DOC". My professional success has got nothing to do with trading. Proof in delivery earns my respect.

lrathi
  • #2,788
  • Jul 26, 2009 10:54pm Jul 26, 2009 10:54pm
Quoting Pardy
Hi Swingman,

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 like Irathi and Indrek. ( Aside, just noticed, maybe those whose initials are "I" are inclined towards higher tf's??!!)
Small typing error: I am L for London not I for India.
  • #2,789
  • Jul 26, 2009 11:03pm Jul 26, 2009 11:03pm
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...
Just seen your OM sign on your charts..... certainly hits an accord with me.
NAMASTE
Attached Image
  • #2,790
  • Edited 11:43pm Jul 26, 2009 11:32pm | Edited 11:43pm
I'm having a very strange problem with Renko (the one of MQL Service) in MT4.
The last bar begins to go up and down, according to price. However, once it reaches the target it just stays there. It doesn't close that bar and opens a new one.

In the example I attach: I set it up for 10 pips. The bar began to go up and down and it went way beyond the 10 pip limit, and it didn't close the bar to open a new one, it just stayed there.

Does anyone know why is this happening?
Thanks in advance.
Attached Image (click to enlarge)
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  • #2,791
  • Jul 26, 2009 11:52pm Jul 26, 2009 11:52pm
Quoting Quantum4x
I'm having a very strange problem with Renko (the one of MQL Service) in MT4.
The last bar begins to go up and down, according to price. However, once it reaches the target it just stays there. It doesn't close that bar and opens a new one.

In the example I attach: I set it up for 10 pips. The bar began to go up and down and it went way beyond the 10 pip limit, and it didn't close the bar to open a new one, it just stayed there.

Does anyone know why is this happening?
Thanks in advance.
Price has to move 10 pips above or below the previous bar's opening or closing price.
Q
The Only Constant Is Change!
  • #2,792
  • Jul 26, 2009 11:55pm Jul 26, 2009 11:55pm
0,0002 on eu
Attached Image (click to enlarge)
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/ ... clarifying decisions ... /
  • #2,793
  • Jul 26, 2009 11:56pm Jul 26, 2009 11:56pm
Quantum4x,

You need x2 to see a reversed block.

So, if you set 10pips per block, the price needs to move 20 pips to generate the reversed block. However it needs 10pips to generate another block in its way.


Good luck.
  • #2,794
  • Jul 27, 2009 12:07am Jul 27, 2009 12:07am
Hi all...

But looking at his chart...is it normal to have a wick on the current bar...

and yes you need a 2 * the block size to get a new block reversal.
  • #2,795
  • Jul 27, 2009 12:08am Jul 27, 2009 12:08am
Quoting gerry berard
Another one
With all due respect gerry....
PRIMER is MA and trigger is TRIX...
YOur trades do not reflect this

I would assume your trade sell should start near the line up on arrow on the TRIX indicator.(TRIGGER) They tend to finish there.

CONFUSED!
  • #2,796
  • Jul 27, 2009 12:10am Jul 27, 2009 12:10am
A quick +5 tonight Using C4.....Boom
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  • #2,797
  • Jul 27, 2009 12:37am Jul 27, 2009 12:37am
Quoting lrathi
With all due respect gerry....
PRIMER is MA and trigger is TRIX...
YOur trades do not reflect this

I would assume your trade sell should start near the line up on arrow on the TRIX indicator.(TRIGGER) They tend to finish there.

CONFUSED!
Gerry, I am confused, too. On what signal do you enter and exit? From your charts it seems that no rules at all...
  • #2,798
  • Jul 27, 2009 12:38am Jul 27, 2009 12:38am
2losers neg.19pips total. gotta stick to trading asian/london or london/ny preferrably, asian session pa not good for this and inconsistent.
  • #2,799
  • Jul 27, 2009 12:46am Jul 27, 2009 12:46am
Sorry for posting sth that is a bit different from the original but I just wanted to show once again the possibilities with the combination of 5-pip Renko and 15-min Trix.

45FXguy - sorry for borrowing "your" indicator
Attached Image (click to enlarge)
Click to Enlarge Name: renko5 + trix15.gif Size: 103 KB
  • #2,800
  • Jul 27, 2009 12:54am Jul 27, 2009 12:54am
Quoting SwingMan
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...
Care video? Imi poti da link-ul te rog??
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