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C4 Scalping

  • #3,261
  • Jul 28, 2009 5:00pm Jul 28, 2009 5:00pm
Quoting zznbrm
Are you really trying to get MT4 version to perform exactly like the Tradestation version? If so, it should not be this difficult.

Let's look at the Tradestation version:

1) Uses Renko with a setting of 10 ticks (This is very easy to do in MT4 and most everyone has accomplished this)

2) Uses TRIX, assume values of <2,1,1,1> (Again, very easy in MT4)

There is only 1 other thing missing in the MT4 version - the functionality of the MOMSE/MOMLE. These might stand for something like Momentum Short Entry and Momentum Long Entry. I guess...
Can you post a sample of this MOMSE/MOMLE , to see how it looks like?
/ ... clarifying decisions ... /
  • #3,262
  • Jul 28, 2009 5:03pm Jul 28, 2009 5:03pm
Quoting cactus
Hi Edge,

Can you help me be sure I'm understanding the logic correctly? On the attached AUDJPY chart there are two examples (using MT4 with Renko 10 pip bricks, MA set to 8,3,6, and Swingman's Trix set to 2,E,E,E). The light gray box just marks the recommended trading hours.

Attachment

First - price moves over the MA and closes above it (candle 1). This is the primer and in addition Trix has moved above zero. No detonation because MA has not changed color. When Candle 2 closes the MA still has not changed color so we pass on...
Can you post the same situation with a regular MACD (not the MT4 standard MACD), to see where the MACD line crosses the signal line.

http://www.forexfactory.com/attachment.php?attachmentid=85229&d=1202587533
/ ... clarifying decisions ... /
  • #3,263
  • Jul 28, 2009 5:03pm Jul 28, 2009 5:03pm
Quoting waddij
Edge,

Thank you for your responce.

The attached is an example of what i was saying.

Where the red circles are the next renko bar formed and the ma changed to blue (my rising colour) i entered the trade.

The price then droppes 20+ pips, opened a down renko bar and the ma wnet back to red.

On this example as well we can see what people have been debating about the SmingMan triangle.

My understanding on what the general agreement is that when a triange forms and there are 3 renko in a row you trade that direction. On both these...

Were you trading against the trend there?
How do you make a small fortune in Forex? Start with a large one!
  • #3,264
  • Jul 28, 2009 5:07pm Jul 28, 2009 5:07pm
It's possible the momse and momle is just the entry labels for his trades.
Could mean market order market short entry, market order market long entry.
I haven't messed with tradestation in a long time, but I have a feeling that's all it is. It's not a magic indicator, although I am sure we'd all like one.
  • #3,265
  • Jul 28, 2009 5:14pm Jul 28, 2009 5:14pm
Quoting tazmaan
It's possible the momse and momle is just the entry labels for his trades.
Could mean market order market short entry, market order market long entry.
I haven't messed with tradestation in a long time, but I have a feeling that's all it is. It's not a magic indicator, although I am sure we'd all like one.
That's very possible, I have no idea. But the EA (or whatever it is called in Tradestation) has to have some other decision-making logic about when to enter and exit trades (LWMA, etc).
  • #3,266
  • Jul 28, 2009 5:16pm Jul 28, 2009 5:16pm
Quoting tazmaan
It's possible the momse and momle is just the entry labels for his trades.
Could mean market order market short entry, market order market long entry.
I haven't messed with tradestation in a long time, but I have a feeling that's all it is. It's not a magic indicator, although I am sure we'd all like one.
I think that obviously original Nitro by Edge uses something that we don't use...is the last ingredient we're missing to have real nitro...but i don't think that Edge will never tell us what it is...and i can understand him...

He is simply providing us with a similar nitro that we can use in Mt4 to be profitables most of the times..and he is extremely generous just to do this...

And who will know...perhaps a day one of us will discover that missing ingredient...and...BOOM!
Market is like a puzzle, YOU have to fit the pieces!!
  • #3,267
  • Jul 28, 2009 5:48pm Jul 28, 2009 5:48pm
Going to the Cayman Islands first week of Sept. Will have a drink in the bar called HELL and toast to EDGE for all the help he has given us. I am sure that he has changed a lot of lives because of this thread.

Just wonder where Paulhus went???
  • #3,268
  • Jul 28, 2009 5:52pm Jul 28, 2009 5:52pm
Anyway.....

it seems that LWMA 8,4,6 is a better detonator when changes color instead of 8,3,6...tomorrow we'll can test it better...
Market is like a puzzle, YOU have to fit the pieces!!
  • #3,269
  • Jul 28, 2009 5:55pm Jul 28, 2009 5:55pm
First Day of serious NITRO demo testing. It seems to be performing best at the pairs recommended by Edge. I combined WMA, SM TRIX and SM RENKO and enter trades when those 3 signals match (WMA repaints so changed color is not visible on charts). It looks promising, but too early to get excited J

+90 for today
AUD/JPY 4+4+12+11+5 = 36
CHF/JPY 4+8+4 = 16
EUR / JPY 6+6+6+6+6= 30
GBP/JPY 4+4=8
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDJPY.gif Size: 63 KB
Click to Enlarge Name: CHFJPY.gif Size: 64 KB
Click to Enlarge Name: EURJPY.gif Size: 65 KB
Click to Enlarge Name: GBPJPY.gif Size: 33 KB
  • #3,270
  • Edited 5:59pm Jul 28, 2009 5:57pm | Edited 5:59pm
Quoting paradoxical
Edge, I've seen these nitro charts previously, and thought they were of some other system you use, as I don't remember seeing a post of yours as to the setup, or from anyone else with a chart that resembles yours. This is OK, because I'm comfortable with the renko chart I have, waiting for an arrow and pulling the trigger. I have switched to the hull MA because I don't like the repaint of the LWA. To each his own.
BTW, I can't wait for the response to the person who has a grand total of one post here. It should be another classic.
"as I don't remember seeing a post of yours as to the setup, or from anyone else with a chart that resembles yours."


Para
See post 1998

Pat
  • #3,271
  • Jul 28, 2009 6:02pm Jul 28, 2009 6:02pm
A total of seven trades with NITRO today. 6 winners and 1 loser for a total of 60 pips. Getting to like this system.
  • #3,272
  • Jul 28, 2009 6:02pm Jul 28, 2009 6:02pm
Still in 1 trade.
  • #3,273
  • Jul 28, 2009 6:06pm Jul 28, 2009 6:06pm
What is the consensus regarding taking only 10 pips a trade. Looking at the charts it seems I leave a lot more on the table. I know EDGE says not to be greedy.

Any ideas??????????????????
  • #3,274
  • Jul 28, 2009 6:23pm Jul 28, 2009 6:23pm
you know what....renko for me just became a distraction. i was making money with c4, feeling great, confident. then renko came into my life and nitro, well I'm confused, not making the same money and not feeling as secure when i pull the trigger. if u guys figure it out, I'll try it again, until then I'm happy as hell with c4 and need to refocus on trading and pa. c4 a finished polished lean mean blowing shit up machine.....nitro...unstable, prone to blowning off fingers and not as refined as c4.

just my thoughts
  • #3,275
  • Jul 28, 2009 6:29pm Jul 28, 2009 6:29pm
Gerry, I think if you're working with a 10 pip brick, that would be what to shoot for. This is a scalping system, and not a swing trade system. While there are times it goes for many more, there are also times that it doesn't (seemingly only when I make a trade). If you've made 60 pips as a relative newcomer to this system, I would be literally ecsatatic. Tomorrow you can do the same, and the next day, and the next. If you can consistently do even 30 on average, I don't have to tell you what that would mean.

However, I don't see why this setup wouldn't work on a longer time frame. All you'd have to do is change the brick size to whatever the ATR is for the time frame you want to trade.

Edge is a scalper, and a master one at that. When I master this sytem, I'd have no reason whatever to think of "going for more", because, as Edge says, the "more" would come from the less.
Quoting gerry berard
What is the consensus regarding taking only 10 pips a trade. Looking at the charts it seems I leave a lot more on the table. I know EDGE says not to be greedy.

Any ideas??????????????????
  • #3,276
  • Jul 28, 2009 6:30pm Jul 28, 2009 6:30pm
Quoting f4mnect
you know what....renko for me just became a distraction. i was making money with c4, feeling great, confident. then renko came into my life and nitro, well I'm confused, not making the same money and not feeling as secure when i pull the trigger. if u guys figure it out, I'll try it again, until then I'm happy as hell with c4 and need to refocus on trading and pa. c4 a finished polished lean mean blowing shit up machine.....nitro...unstable, prone to blowning off fingers and not as refined as c4.

just my thoughts
I feel the same way! I have tried renko and it's most likely my fault, but I keep having trouble getting good data. While the C4 I haven't had any problems and doin pretty well with it. I'll keep an eye on Nitro, but stick with C4 as well. Happy Trading!
  • #3,277
  • Jul 28, 2009 6:34pm Jul 28, 2009 6:34pm
Quoting gerry berard
A total of seven trades with NITRO today. 6 winners and 1 loser for a total of 60 pips. Getting to like this system.
Do you use a set stop loss??
Thanks
Mombone
  • #3,278
  • Jul 28, 2009 6:36pm Jul 28, 2009 6:36pm
Yes MOMBONE I use a 20 pip stop loss.
  • #3,279
  • Jul 28, 2009 6:38pm Jul 28, 2009 6:38pm
Quoting gerry berard
Yes MOMBONE I use a 20 pip stop loss.
Thanks
Thats what I'm using with 10 pip profit. Just wondering what others were doing.

Mombone
  • #3,280
  • Jul 28, 2009 6:38pm Jul 28, 2009 6:38pm
Hi PARADOXICAL. I am retired and have a lot of time on my hands to watch the computer. I guess I need to get a life and stop ignoring my young wife. Thanks for your input. I will continue to take 10 pips and be happy.
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