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C4 Scalping

  • #3,041
  • Jul 27, 2009 7:36pm Jul 27, 2009 7:36pm
Almost to break even....
In a Russian roulette kind of way.......
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  • #3,042
  • Jul 27, 2009 7:37pm Jul 27, 2009 7:37pm
+15 for the day so far.
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  • #3,043
  • Jul 27, 2009 7:53pm Jul 27, 2009 7:53pm
Thanks Edge for all your effort and knowledge! 2 Great Methods to choose from. And since i'm not up to speed on the Nitro/Renko trading...I'm sticking with C4 for now. Here are a couple Asian trades from tonight!
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  • #3,044
  • Jul 27, 2009 8:25pm Jul 27, 2009 8:25pm
Just curious, is anyone using the Renko charts on FX Accucharts??? If so, PM me.
  • #3,045
  • Jul 27, 2009 8:46pm Jul 27, 2009 8:46pm
Here you go... the fixed Info Indi with "working" CCI now....

Have fun...
Attached File(s)
File Type: ex4 DXTrade Info 45FXguy.ex4   9 KB | 664 downloads
"The only successful substitute for brains is silence."
  • #3,046
  • Jul 27, 2009 8:55pm Jul 27, 2009 8:55pm
Edge. words can't express what you've done for us. It remains to be seen what we do for ourselves with these two great gifts! Please look in when you can and keep us posted as to what you're up to next! God bless you!
  • #3,047
  • Jul 27, 2009 8:59pm Jul 27, 2009 8:59pm
Could some kind individual help those of us that are slightly retarded to get this Renko chart working properly.

When I load my 2 minute chart I have 6 bars of data. I read the earlier post with interest on this subject but I am afraid I dont know how to turn off the auto scroll. Also the loaded chart is not keeping up with the price action. Any help would be greatly appreciated,I have read all the previous posts many times and it is so frustrating to be nearly there !!

Thanks
  • #3,048
  • Jul 27, 2009 9:00pm Jul 27, 2009 9:00pm
Quoting DXTrade
Here you go... the fixed Info Indi with "working" CCI now....

Have fun...
Thanks mate, looks great....
Now I can see what the immediate trend is doing before I jump in...... or push the old plunger......... kaboom......
  • #3,049
  • Jul 27, 2009 9:00pm Jul 27, 2009 9:00pm
Thanks Edge,

You're the breast.

[quote=Edgetrader;2907188]The modest filter and indicator are more than enough to get the job done. Thanks so much for all you have done. I suppose in the end, it is the decision of those following this thread to use what they wish to trade as best they can. It appears that the Mt4 Renko experiment is now concluded to the satisfaction of those who use it. Did not think it would take very long.

.....quote]
  • #3,050
  • Jul 27, 2009 9:35pm Jul 27, 2009 9:35pm
Quoting oztrader
Could some kind individual help those of us that are slightly retarded to get this Renko chart working properly.

When I load my 2 minute chart I have 6 bars of data. I read the earlier post with interest on this subject but I am afraid I dont know how to turn off the auto scroll. Also the loaded chart is not keeping up with the price action. Any help would be greatly appreciated,I have read all the previous posts many times and it is so frustrating to be nearly there !!

Thanks
Hey my friend here is what to do 1. Open your regular 1 minute chart 2. Zoom out by clicking the little (minus) button at top of your mt4-(you have a plus and minus button at the top)...zoom it all the way out 3. Push your "home" key down on your computer keyboard and hold it down...it will take the chart way back...now you are ready to load your renko. 4. open scripts and select the renko and slide it over to your 1m chart 5. set your renko to what it asks for under "common" check allow alerts, allow live trading, dll imports, allow import of external experts, and unclick confirm Dll function calls........................then click over to "imputs" put in 10; 2; 10000.. save it and click ok 5. go up into file; click open offline, scroll down to your currency and left click on the 2m left click on it and then click open and a new renko chart will pop up...then make it whatever you want... 5. Whenever you see things not in sync. just bring up your 1m chart and bring over your renko script again...it sometimes gets out of sync just bring it over again. I always keep my 1m charts up (4 of them) and minimize them out of the way. Hope this helps Eegle Greg
  • #3,051
  • Jul 27, 2009 9:36pm Jul 27, 2009 9:36pm
Edge,

I have been following quietly in the background. Deep thanks and gratitude for all you have shared. All the best on all levels,

Ed
  • #3,052
  • Jul 27, 2009 9:50pm Jul 27, 2009 9:50pm
Edge how can I say thanks...been following you all the way back..I'm full time trader and you have shown me much!!!! Thanks for sharing your life and wisdom with us I am truly truly grateful. God bless all your endeavors. Greg D (Eegle)
  • #3,053
  • Jul 27, 2009 9:53pm Jul 27, 2009 9:53pm
EURJPY +5 and +1 for a start today.
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"The only successful substitute for brains is silence."
  • #3,054
  • Jul 27, 2009 10:06pm Jul 27, 2009 10:06pm
Quoting nsteve
+30 pips (6+6+6+6+6), done for the day.

NY/London overlap.

Only used two pairs EU+GU because I needed the space on 2 screens to experiment.

I compared the classic C4 with a 10 pip brick Renko (M2) as well as Renkos with 5 (M3) and 1 pip (M4) bricks. Each set of 4 charts per pair was on a seperate screen. Each Renko chart had a 12 LWMA, as per TudorGirl's post.

The 1 and 5 brick Renkos gave very helpful information of PA to time the entry, but I stuck with Edge's 10 brick Renko for the trade. Pity it takes up so much of the screen.

Only...
I read EDGE (the chief here) says renko (10 brick size) use LWMA 8,3,6 and TRIX @2EEEC.... Even TRIX may not be used.

Not sure why you decided to use any other settings???
  • #3,055
  • Jul 27, 2009 10:16pm Jul 27, 2009 10:16pm
Quoting DXTrade
EURJPY +5 and +1 for a start today.
DXTrade, Hi.
I have been comparing my Renko with yours and Edges, the position and sometimes the brick colours are different.
Might it be price feeds or something with relation to brick placement/position?
Im also using SM scalper candles v3 ( 2,e,e,e,c)
Ta,
D.
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where thought goes energy flows
  • #3,056
  • Jul 27, 2009 10:16pm Jul 27, 2009 10:16pm
got my last trade for the day, daily goal of 20+pips reached. 4 trades for the day, 4 winners, 0 losers today.
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  • #3,057
  • Jul 27, 2009 10:22pm Jul 27, 2009 10:22pm
Quoting Damo12
DXTrade, Hi.
I have been comparing my Renko with yours and Edges, the position and sometimes the brick colours are different.
Might it be price feeds or something with relation to brick placement/position?
Im also using SM scalper candles v3 ( 2,e,e,e,c)
Ta,
D.
Weird, might be the feed... no idea really....
"The only successful substitute for brains is silence."
  • #3,058
  • Jul 27, 2009 10:31pm Jul 27, 2009 10:31pm
Thanks for the latest version SM! With your additional filtering the results look very good. I have noticed an occasional glitch with the indicator, however. Occasionally a signal will appear on a renko candle - then disappear and reappear on the current candle. A form of repaint I guess? Any idea what's happening?

I've attached an image where this has just happened on the EY.

Thanks again for all your generous contributions to this forum!

Quoting SwingMan
Update of the smRenko Signals_v2.1 indicator.

You can or not replace the old version.



You are right, I added the brick range information, because every guy will have an other value as 10, and nobody know what are his settings.

@all
Some have asked what is the EA in the right corner. It is only a dummy without functionality.
.
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  • #3,059
  • Jul 27, 2009 10:43pm Jul 27, 2009 10:43pm
Another +6 and +2 on cable...
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"The only successful substitute for brains is silence."
  • #3,060
  • Jul 27, 2009 11:03pm Jul 27, 2009 11:03pm
Quoting Edgetrader
The modest filter and indicator are more than enough to get the job done. Thanks so much for all you have done. I suppose in the end, it is the decision of those following this thread to use what they wish to trade as best they can. It appears that the Mt4 Renko experiment is now concluded to the satisfaction of those who use it. Did not think it would take very long.

If SM's indicator is good enough for the thread group, it is good enough for me ....
I have been following your teachings and i all i can say is thank you for your methods and your wisdom. You have given me a new sense of hope. Lots to learn and practice, but i have a gut feeling i can develop the discipline and faith in the system to become successful. God Bless.
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