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C4 Scalping

  • #3,181
  • Jul 28, 2009 10:27am Jul 28, 2009 10:27am
Quoting Superscalper
THENKS ALOT

The Caps Lock Key (Above the Shift Key on the left hand side of the keyboard) is where you can cahnge to use lower case letters .... SO THAT YOU'RE NOT SHOUTING on the Forum.
  • #3,182
  • Jul 28, 2009 10:29am Jul 28, 2009 10:29am
Quoting 4xtrader2
For those of you who are still using the C4 program (like myself), I came up with a way to improve "seeing" the price action and anticipate the price moves. Basically, I created both an M1 and an M5 chart for each currency I watch and set all the indi's identically. I don't trade on the one minute chart, I only use it to identify how strong the price action is prior to the signals appearing on the 5 minute chart. It has really helped to eliminate false signals and it helps if you wish to re-enter for additional pips on retracements.

Below is...
I have been doing the same with a standard 10 pip Nitro setup with parallel 1 or 5 pip Renko bricks to monitor PA. It's very useful to see how PA is moving and fine tune entry and exits.
  • #3,183
  • Jul 28, 2009 10:30am Jul 28, 2009 10:30am
Quoting SwingMan
@Dm3554

Quote:
Originally Posted by SwingMan http://static.forexfactory.com/forex...s/viewpost.gif (http://www.forexfactory.com/showthread.php?p=2908773#post2908773)
When you trade, repeat constantly the "OM mani padme hum" mantra, and after few weeks you can note the first changes in your trading (hopefully positive...).

Buddha comes with a small boat on an island...

  • #3,184
  • Jul 28, 2009 10:32am Jul 28, 2009 10:32am
Quoting Edgetrader
Ah, OK. More MT4 repainting issues surface.

Back to the SM indi it is then. One of those things simply has to be effective to some extent.

Has anyone done any MT4 backtesting with the SM indi? Might help solidify it as the optimum indi for this MT4 Renko stuff.

Will delete recent postings until you folks finish looking at the indi further.

Regards.

While I do my best to not post anything indicator related, I have been looking into using a Hull MA that does not seem to repaint during live use. I have been observing it for 6 months and have not visualy seen it do it myself so I think it is safe. The settings that seem to work well with Renko are the folliwng: 9,2,3 true,2,0
Attached File(s)
File Type: ex4 HMA Color nrp.ex4   6 KB | 702 downloads
  • #3,185
  • Jul 28, 2009 10:36am Jul 28, 2009 10:36am
Anyone else getting weird candles with renko like this in the screenie? Is this normal?
Attached Image (click to enlarge)
Click to Enlarge Name: screen.gif Size: 14 KB
  • #3,186
  • Jul 28, 2009 10:36am Jul 28, 2009 10:36am
Quoting hoichoi
Hi SwingMan
Can you please point out in this chart what are valid signal to go long/short? according to my understanding there is none.. but I am confused and i know I'm wrong.. correct me please..


thanks
hoichoi,

Please reduce the width of the charts you post.

Regards.
  • #3,187
  • Jul 28, 2009 10:40am Jul 28, 2009 10:40am
Quoting DETrader
While I do my best to not post anything indicator related, I have been looking into using a Hull MA that does not seem to repaint during live use. I have been observing it for 6 months and have not visualy seen it do it myself so I think it is safe. The settings that seem to work well with Renko are the folliwng: 9,2,3 true,2,0

the renko repaint?
  • #3,188
  • Jul 28, 2009 10:42am Jul 28, 2009 10:42am
Quoting Superscalper
the renko repaint?
I never said the Renko repainted, please read the post I quoted. The MA with applied price seems to repaint.
  • #3,189
  • Jul 28, 2009 10:42am Jul 28, 2009 10:42am
Quoting Superscalper
the renko repaint?
Does the price repaint?

Kristjan
  • #3,190
  • Jul 28, 2009 10:43am Jul 28, 2009 10:43am
Quoting DETrader
While I do my best to not post anything indicator related, I have been looking into using a Hull MA that does not seem to repaint during live use. I have been observing it for 6 months and have not visualy seen it do it myself so I think it is safe. The settings that seem to work well with Renko are the folliwng: 9,2,3 true,2,0
OK, so 'Hull" is the primer and Trix block or indi the detonator?

Regards and Thanks
  • #3,191
  • Jul 28, 2009 10:46am Jul 28, 2009 10:46am
Quoting Edgetrader
OK, so 'Hull" is the primer and Trix block or indi the detonator?

Regards and Thanks

Yes, for those that want to keep the screen clean and have just the MA line, the Hull I posted replaces the 8 or 12 lwa.
  • #3,192
  • Jul 28, 2009 10:47am Jul 28, 2009 10:47am
Computer idiot here. Got Renko loaded, price is moving but no new bricks are forming. Have had it on 3 charts for almost hour. Could someone send me shot of properties settings or give me idea of what I did wrong.

Thanks
Mombone
  • #3,193
  • Jul 28, 2009 10:47am Jul 28, 2009 10:47am
Quoting kristjantelve
Does the price repaint?

Kristjan
Sure, it may repaint constantly on the CURRENT bar until it goes +10 or -10 beyond the previous bar.

Bars already established in Renko NEVER repaint.

Regards.
  • #3,194
  • Jul 28, 2009 10:49am Jul 28, 2009 10:49am
Quoting Mombone
Computer idiot here. Got Renko loaded, price is moving but no new bricks are forming. Have had it on 3 charts for almost hour. Could someone send me shot of properties settings or give me idea of what I did wrong.

Thanks
Mombone
Mombone, are your settings preset to 'live' trading when you put the Renko on the M1 chart?

Regards.
  • #3,195
  • Jul 28, 2009 10:50am Jul 28, 2009 10:50am
Quoting DETrader
While I do my best to not post anything indicator related, I have been looking into using a Hull MA that does not seem to repaint during live use. I have been observing it for 6 months and have not visualy seen it do it myself so I think it is safe. The settings that seem to work well with Renko are the folliwng: 9,2,3 true,2,0
Thx Detrader,

will have a close look at that one.

Cheers
  • #3,196
  • Jul 28, 2009 10:53am Jul 28, 2009 10:53am
Right,

Have had a couple of losses so want to talk them through.

As others have stated i used the close of the renko above the MA as the primer and the change in the colour of the MA as the trigger.

Took 2 trades as per the above. Both candles then dropped 20 pips forming a new renko and the ma changed back into the opposite colour.

Edge, anyone..... am i doing this wrong.

I appreciate the ma changed accoding to the price .... is there something i should be watching out for?

Also, my trix bars are normal colour, not the trix red and blue ones. I have swingmans latest smRenko Signals v2.1. Which is the trix on for the renko please, the name would be great so i can get it from the attachments.

Thanks
  • #3,197
  • Jul 28, 2009 10:54am Jul 28, 2009 10:54am
Quoting Mombone
Computer idiot here. Got Renko loaded, price is moving but no new bricks are forming. Have had it on 3 charts for almost hour. Could someone send me shot of properties settings or give me idea of what I did wrong.

Thanks
Mombone
Correction, what are your presets on the Renko. If PA is moving and blocks are not building only two things are possible. Block size is not set at 10 or PA is not moving far enough to build a 10 tic block.

Regards.
  • #3,198
  • Jul 28, 2009 10:56am Jul 28, 2009 10:56am
Quoting Edgetrader
Mombone, are your settings preset to 'live' trading when you put the Renko on the M1 chart?

Regards.
Thanks That did it. Also in properties box under common is offline chart checked or not.

Thanks Edge
  • #3,199
  • Jul 28, 2009 10:57am Jul 28, 2009 10:57am
Quoting waddij
Right,

Have had a couple of losses so want to talk them through.

As others have stated i used the close of the renko above the MA as the primer and the change in the colour of the MA as the trigger.

Took 2 trades as per the above. Both candles then dropped 20 pips forming a new renko and the ma changed back into the opposite colour.

Edge, anyone..... am i doing this wrong.

I appreciate the ma changed accoding to the price .... is there something i should be watching out for?

Also, my trix bars are normal colour, not the trix red and...
Here is the indi for the bricks and send a chart shot of those trades you question.

Regards.
Attached File(s)
File Type: ex4 smC4Scalper Candles_v3.ex4   8 KB | 691 downloads
  • #3,200
  • Jul 28, 2009 10:58am Jul 28, 2009 10:58am
Quoting Edgetrader
OK, so 'Hull" is the primer and Trix block or indi the detonator?

Regards and Thanks
Here is a shot of the chart, the Hull MA is red/aqua, and the other 2 are the MA in color with applied price: 8,3,6 as mentioned by edge and a new setting mentioned earlier of 7,0,6.
Attached Image (click to enlarge)
Click to Enlarge Name: mas.gif Size: 22 KB
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