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C4 Scalping

  • #2,961
  • Jul 27, 2009 1:14pm Jul 27, 2009 1:14pm
Thanks PARDY
  • #2,962
  • Jul 27, 2009 1:24pm Jul 27, 2009 1:24pm
Ok, might as well chime in here before we start going off into outer space with this method also.

Lets review Nitro a bit.

Here is what I see happening as of today.

1 - Trading done with 5 brick level.

2 - Multiple trades after initial signal.

3 - Focus on ONE pair.

4 - Focus on WRONG pair.

5 - Searching for indi's a bit still.

6 - Testing at various settings.

7 - Lack of faith.

Here is what was provided to demo trade until the lightbulb comes on.

'Nitro' is Renko set at 10 tic brick size. Not 5, or 7 or 11 or 17 or 3 or 2. Repeat after me, "NITRO IS SET AT RENKO 10 TIC BRICK SIZE".

The goal is one signal, one trade. 'THOU SHALT NOT OVERTRADE'.

The plan shows FOUR pairs as per my chart today. Not ONE. You should be taking every trade available initially to gain proficiency. Same as with C4. Also, the more trades you take, the more comfortable you become with the method. That will allow you to get over your SL FEARS. It does not matter if you lose 20 pips. SO WHAT? Are you going to trade it as designed or is it going to whip your a..? Better check your probability theorem notes again.

Lots of EU and GU showing up on charts. Are these the pairs set forth for Nitro? Nope! Look at my chart shot again please.

We already have primer and detonator. Why is there any talk at all about indicator addition and the like. We have already eliminated Trix indi on MT4 setup. Candles do the deal fine. LWMA is the detonator. Settings are already optimized. Again, why are we wasting time with anything else but trading this thing?

Why in the world is anyone actually testing at various brick sizes? You were afforded a peak at just ONE pair that was hitting 100% over two months and 96% over four months. This was at 1000 trades. You have three other pairs that are all in the same ballpark. Around 4000 trades with a strike rate of 96.2% on average over four months. Did you think I would present something that would make me a fool? Have I done so in the past? IS there one indi or plan presented by anyone else that outperforms this?

Lack of faith still is a mystery. We have well above 90% capability of success taking perhaps 5 pips out of ONE single 10 pip brick. That is net with the exception of GY as the spread is a bit higher. So, you need a brick x 1.5 to get your pips.

Do you have a goal set? Are you going with the +2/-4% account differential daily or are you simply going to try pip accumulation with Renko now?

Lets try to focus on moving along here as rapidly as possible. You can even leave those pairs up on that MT4 and let it run so you can actually see forward testing results. Just check the signals and see if the brick achieved 10 tics afterwards. Run all four pairs, I do not care what the spread your brokerage has them at is.

Plan your trade, but trade the plan!

Regards.
  • #2,963
  • Jul 27, 2009 1:32pm Jul 27, 2009 1:32pm
Quoting Edgetrader


Lots of EU and GU showing up on charts. Are these the pairs set forth for Nitro? Nope! Look at my chart shot again please.


Plan your trade, but trade the plan!

Regards.
Ahh yes...paying attention to detail would help. Nitro pairs are CHF/JPY, EUR/JPY, AUD/JPY and The Beast! B-/
Q
The Only Constant Is Change!
  • #2,964
  • Jul 27, 2009 1:54pm Jul 27, 2009 1:54pm
Quoting gerry berard
Thanks PARDY
Hello Garry,

I tried your H1 system just for fun today.
3 x entries, 3 x 10 pips!!
Nice, thanks
Caz
  • #2,965
  • Jul 27, 2009 2:02pm Jul 27, 2009 2:02pm
Hi CAZ. Glad you like it.Works for me.
  • #2,966
  • Jul 27, 2009 2:09pm Jul 27, 2009 2:09pm
Quoting DXTrade
Here you go with the C4/Nitro Alarm

Just check the MA whether it has changed color.... and plunge
Looks like a winner to me so far, and without the Renko bars.
Thank You!
Attached Image (click to enlarge)
Click to Enlarge Name: dxtrade winners.gif Size: 72 KB
  • #2,967
  • Edited 10:11pm Jul 27, 2009 2:23pm | Edited 10:11pm
Thank you Edge (aka Pai Mei) to teach us discipline.

http://www.youtube.com/watch?v=dgL-mBIIFpk



Quoting Edgetrader
Ok, might as well chime in here before we start going off into outer space with this method also.

Lets review Nitro a bit.

Here is what I see happening as of today.

1 - Trading done with 5 brick level.

2 - Multiple trades after initial signal.

3 - Focus on ONE pair.

4 - Focus on WRONG pair.

5 - Searching for indi's a bit still.

6 - Testing at various settings.

7 - Lack of faith.

Here is what was provided to demo trade until the lightbulb comes on.

'Nitro' is Renko set at 10 tic brick size. Not 5, or 7 or 11 or 17 or 3 or 2....
  • #2,968
  • Jul 27, 2009 2:24pm Jul 27, 2009 2:24pm
can anyone tell me what is the best time to trade C4 and nitro also what SL shud be used if you trade with 5m chart..

swingman when u mentioned about triangle and check previous two histrogram it got me confused can u clear things up?
thanks
  • #2,969
  • Jul 27, 2009 2:31pm Jul 27, 2009 2:31pm
Quoting SwingMan
when the triangle signal appear, check the two previous histograms, and ONLY if the signal direction match with the slope of the two histograms then buy or sell with TP=10 and SL=20.
You can verify that ALL false signals are filtered!


.
Swingman
PERFECT ENTRIES ,as usual. You are making my life easy . Thanks
  • #2,970
  • Jul 27, 2009 2:41pm Jul 27, 2009 2:41pm
Hey Swingman, firstly thanks for all the hard work you do in coding all these wonderful indicators. I had a look at your idea regarding the Renko signals though and found a high number of false positives with your criteria.. I've attached images. Thoughts?

Quoting SwingMan
Just a recomandation for users of the Renko Signals / Trix indicators.

(I have not the time to programe this indicator combination, but the result is interesting...)

Renko Signals setting (I used the 10 pips bricks):
TrendReverse = true
TrendSideways = true
FirstTrendContinuation = true (default is false)
DrawEntrys = true
DrawSignals = true
MovingAverageFilter = false...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: falsesigs1.JPG Size: 165 KB
Click to Enlarge Name: falsesigs2.JPG Size: 127 KB
  • #2,971
  • Jul 27, 2009 2:46pm Jul 27, 2009 2:46pm
Quoting Dewey McG
Hello all,

I thought I would share this nice visual. With Renko bricks set at 10 and Trix set at 2, E,E,E, you cans see that pover the last few days almost every trade on the EU would have been a winner, regardless of time of day.

Just my luck I have to travel this week and won't be able to trade until I get back.
Great contribution I see exactly what you are talking about.
  • #2,972
  • Jul 27, 2009 2:50pm Jul 27, 2009 2:50pm
OK guys, say I have a virgin install of MT4, what indi's (and Ea's?) do I need to get swingman's setup with the renko/brinks and all?
Thanks a lot!
  • #2,973
  • Jul 27, 2009 2:54pm Jul 27, 2009 2:54pm
Quoting hoichoi
can anyone tell me what is the best time to trade C4 and nitro also what SL shud be used if you trade with 5m chart..

swingman when u mentioned about triangle and check previous two histrogram it got me confused can u clear things up?
thanks
Page one gives the times.

Swingmans material is not yey complete so hold on a bit longer please.

Regards.
  • #2,974
  • Jul 27, 2009 2:56pm Jul 27, 2009 2:56pm
Quoting Cjn
OK guys, say I have a virgin install of MT4, what indi's (and Ea's?) do I need to get swingman's setup with the renko/brinks and all?
Thanks a lot!
Great!

Now, time for some homework.

What page did you start with in the thread?

Regards.
  • #2,975
  • Jul 27, 2009 2:59pm Jul 27, 2009 2:59pm
Quoting Mindsphere
Hey Swingman, firstly thanks for all the hard work you do in coding all these wonderful indicators. I had a look at your idea regarding the Renko signals though and found a high number of false positives with your criteria.. I've attached images. Thoughts?
Perhaps a chart showing one of the Nitro pairs to be traded will be of more benefit. EU is not a high strike rate candidate, thus you have the false signals you are isolating.

Regards.
  • #2,976
  • Jul 27, 2009 3:02pm Jul 27, 2009 3:02pm
Quoting Cjn
OK guys, say I have a virgin install of MT4, what indi's (and Ea's?) do I need to get swingman's setup with the renko/brinks and all?
Thanks a lot!
Follow the directions closely on page 1 then read the entire thread.
There is a learning curve and only you will be able to determine what works best for your style.
A piece of advice would be to follow everything that Edge does EXACTLY, but only if you want be successful! Keep it simple!
Q
The Only Constant Is Change!
  • #2,977
  • Jul 27, 2009 3:03pm Jul 27, 2009 3:03pm
Great!

Now, time for some homework.

What page did you start with in the thread?
  • #2,978
  • Jul 27, 2009 3:04pm Jul 27, 2009 3:04pm
Quoting Mindsphere
I had a look at your idea regarding the Renko signals though and found a high number of false positives with your criteria..
Yeah, so far I don't see on anybodies screenshot anything different
than

Signals: (1) reverse (2) sideway (3) contin. ???

Also, like to know what SM mean by "Triangle" Is that little Error Up or Error
down? If anyone clearly understand SM instructions for Renko Indy, could you just attach the chart with short explanations please?

Thank you.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #2,979
  • Jul 27, 2009 3:08pm Jul 27, 2009 3:08pm
Hi Edge, sure, I've attached a couple of EY charts with similar false positives.

Also, just a quick thank you for starting this amazing thread. I spent the last 3 days reading the entire thing.

Quoting Edgetrader
Perhaps a chart showing one of the Nitro pairs to be traded will be of more benefit. EU is not a high strike rate candidate, thus you have the false signals you are isolating.

Regards.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: falsesignals3.JPG Size: 155 KB
Click to Enlarge Name: falsesigs4.JPG Size: 126 KB
  • #2,980
  • Jul 27, 2009 3:11pm Jul 27, 2009 3:11pm
Quoting Mindsphere
Hey Swingman, firstly thanks for all the hard work you do in coding all these wonderful indicators. I had a look at your idea regarding the Renko signals though and found a high number of false positives with your criteria.. I've attached images. Thoughts?
Hi
I do not think you have the correct setup of the SmRenko signals indicator. The arrows you draw are pointing towards the triagnals and not the signals which you are missing from your chart.
Regards
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