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C4 Scalping

  • #3,401
  • Jul 29, 2009 8:44am Jul 29, 2009 8:44am
Quoting Edgetrader
Natives getting restless it seems.

If C4 is your answer, then you have everything you need, Go trade it!!

Laborer, apprentice and master craftsman. Remember? As some feel they are MC's, then you need to show the experience and wisdom to go get what is right in front of you. You do not need me, you need you!

[b][u]That said, I am going to refocus efforts here for those who wish. Am going back to reliable C4 trades starting tomorrow. Primer, detonator and plunger. Nothing fancy. No commentary, just visuals. Am going for 20-30 pips daily, just...
Edge,
I consider myself an apprentice. In this context, I would like to post three trades with my observations of what was right, what was wrong. My simple question is do you concur with my observations. What would you have done differently? Am I on the right track or am I missing something?
Thanks,


First trade:
EURUSD: Shorted when Moving Average turned Red.
Profit: +10 pips
Lesson Learned: Trade was entered before TRIX confirmed. Should have waited 3 more minutes. Risk here is that price had hit the daily pivot and retracement (in general) is expected.

Next Trade:
USDJPY: Shorted when TRIX gave second Confirmation.
Profit: +3 pips.
Lesson Learned: Should have held until profit stop was hit (10 minutes later).
Got out because of impending news. Could have taken trade on first TRIX confirmation but waited because price was coming off a whole number which generally means that it will retrace to the whole number.

Next Trade:
EURUSD: Shorted when Price crossed MA.
Profit: - 19 pips
Lesson Learned: Trade was not confirmed by TRIX. Trade was taken near a whole number. Trade was profitable to 6 pips but held until it went unprofitable. MA was too "Flat". Should not have taken trade. Trade could possibly have gone profitable if stop loss wasn't hit but that is a big "if".
Attached Image(s) (click to enlarge)
Click to Enlarge Name: C4 Trade Analysis 1.jpg Size: 108 KB
Click to Enlarge Name: C4 Trade Analysis 2.jpg Size: 116 KB
Click to Enlarge Name: C4 Trade Analysis 3.jpg Size: 115 KB
4XTrader2
  • #3,402
  • Jul 29, 2009 8:44am Jul 29, 2009 8:44am
Thanks Steve,
I am using Comments to investigate the data. Looks like index 0 is the only buffer used for the bars but it does not equal what is seen on the chart. index 1 and 2 appear to be the arrows since they are usually EMPTY_VALUE.
John

Quoting stevecartwright
Just to help a bit.... The number 214748............ is "EMPTY_VALUE"
Use comments to display the calculated nulbers to help debug any problems etc

example
if(TGV2P1==EMPTY_VALUE && TGV1P1==1)
{ObjectCreate("Long"+Time[0],OBJ_ARROW,0,Time[0],Open[0]);
ObjectSet("Long"+Time[0],OBJPROP_COLOR,SteelBlue);
ObjectSet("Long"+Time[0],OBJPROP_ARROWCODE,167);
}
  • #3,403
  • Jul 29, 2009 8:49am Jul 29, 2009 8:49am
Well the first tweak I made on this indicator is to add a +.20 and -.20 level as I noticed that the line often rides the 0 line and crosses frequently with little moves .. so experimenting to see if when it passes above/below these levels (which I will play with), if signal is more secure.
******************* I'd rather make money than be right.
  • #3,404
  • Jul 29, 2009 8:50am Jul 29, 2009 8:50am
Quoting 4xStar
Ditto!

Irathi has been on my ignore list for over a week and will remain there until she has her venom sacks removed.

Most here appreciate TG and her ongoing contributions to our trading success.

As a scientist.... facts and facts and facts... tested and proven gain my appreciation.... till then .... I am happy to remain on IGNORE lists... No loss!

Many emails indicator TG not appreciated . The real truth....

Holding my horse with the new indicator.... any better than the existing ones..... After vorticity and private forum... fizzle... am waiting.

Venom... in your perception..... TRUTH in mine..... (DOes not sound good)

Bye bye your comments do not make pips
  • #3,405
  • Jul 29, 2009 8:50am Jul 29, 2009 8:50am
All,

Here are 5 scalp trades on the GU, each one for +7 (ie 10 pip Renko bar less the 3 pip spread).

Anne
Attached Image (click to enlarge)
Click to Enlarge Name: gu-cycle.gif Size: 11 KB
  • #3,406
  • Jul 29, 2009 8:52am Jul 29, 2009 8:52am
I'm gaining more confidence in C4 when traded during prime time hours.
Attached Image (click to enlarge)
Click to Enlarge Name: textbook c4.gif Size: 63 KB
  • #3,407
  • Jul 29, 2009 8:54am Jul 29, 2009 8:54am
Quoting 4xStar
Well the first tweak I made on this indicator is to add a +.20 and -.20 level as I noticed that the line often rides the 0 line and crosses frequently with little moves .. so experimenting to see if when it passes above/below these levels (which I will play with), if signal is more secure.
Is it possible to put into this indicator a max bar count function?
/ ... clarifying decisions ... /
  • #3,408
  • Jul 29, 2009 8:57am Jul 29, 2009 8:57am
Hey C4 guys I'm back to my simple system. On a 1 Hr time frame. Less stress for me.
  • #3,409
  • Jul 29, 2009 8:58am Jul 29, 2009 8:58am
Going to try trading only when the 3 ducks line up and get 25 pips.
  • #3,410
  • Jul 29, 2009 8:59am Jul 29, 2009 8:59am
Changed setting to +/- .10 and removed zero line. Now it looks like when oscillator line is within that channel, price action above is choppy, no clear direction.
Still experimenting....


Quoting 4xStar
Well the first tweak I made on this indicator is to add a +.20 and -.20 level as I noticed that the line often rides the 0 line and crosses frequently with little moves .. so experimenting to see if when it passes above/below these levels (which I will play with), if signal is more secure.
******************* I'd rather make money than be right.
  • #3,411
  • Jul 29, 2009 9:04am Jul 29, 2009 9:04am
Choppy market?

3 fake trades saved -> check sign
4 times +5 -> vertical line

Looks good to me
Attached Image (click to enlarge)
Click to Enlarge Name: dxtrade.gif Size: 24 KB
"The only successful substitute for brains is silence."
  • #3,412
  • Jul 29, 2009 9:06am Jul 29, 2009 9:06am
Quoting lrathi
As a scientist.... facts and facts and facts... tested and proven gain my appreciation.... till then .... I am happy to remain on IGNORE lists... No loss!

Many emails indicator TG not appreciated . The real truth....

Holding my horse with the new indicator.... any better than the existing ones..... After vorticity and private forum... fizzle... am waiting.

Venom... in your perception..... TRUTH in mine..... (DOes not sound good)

Bye bye your comments do not make pips
WOW. Someone must be losing a lot of pips this week...
  • #3,413
  • Jul 29, 2009 9:06am Jul 29, 2009 9:06am
Hello TudorGirl, thank you for the work on your indicator. But I don't understand your entries with it. First I thought the entry is the cut of the zero-line. But if I look at your last example of the GU-Trade, your entries are later (long) or earlier (short) and they seem to be identical with the entry signals from SwingUltraSuperTrix. Can you explane your tested entries? Thank you, Erik
  • #3,414
  • Jul 29, 2009 9:09am Jul 29, 2009 9:09am
Will this system or indicators work with ninjatrader ? If so does anyone have the indicators for ninjatrader?

Thanks, Jeff
  • #3,415
  • Jul 29, 2009 9:10am Jul 29, 2009 9:10am
Does anyone know if Swingman has posted mq4 versions of
smSuper TRIX_v1 or v2
and
smSuper TRIX_MTF_v1.1 ??

I assume he is only posting the ex4 so he can make changes himself.
If I can find the mq4's I can answer my own questions about how to call iCustom on these things.

Done a lot of looking but don't see them on the forum.
John
  • #3,416
  • Jul 29, 2009 9:11am Jul 29, 2009 9:11am
Quoting morander
Hello TudorGirl, thank you for the work on your indicator. But I don't understand your entries with it. First I thought the entry is the cut of the zero-line. But if I look at your last example of the GU-Trade, your entries are later (long) or earlier (short) and they seem to be identical with the entry signals from SwingUltraSuperTrix. Can you explane your tested entries? Thank you, Erik
Hi Erik

I originally thought zero crossing was good, but the indy sometimes "kisses" the zero and turns away. So perhaps 4xStar's idea of keeping a little channel is good. I was a little late with the entries anyway (trying to code and trade at the same time!!). And one was lucky! At the time I was experimenting with the "Bias" setting which changes the timeliness of the signals a bit.

Anne
  • #3,417
  • Jul 29, 2009 9:16am Jul 29, 2009 9:16am
Quoting snooktrader
Will this system or indicators work with ninjatrader ? If so does anyone have the indicators for ninjatrader?

Thanks, Jeff

hi jeff,


have u read the first post? this system will even work in the desert if u got satelite connection there. all indis r used 4 mt4 here. if u want it coded 4 other platform. u gotta find somebody who will do it 4 u. thanks
  • #3,418
  • Jul 29, 2009 9:18am Jul 29, 2009 9:18am
Quoting john2004
Does anyone know if Swingman has posted mq4 versions of
smSuper TRIX_v1 or v2
and
smSuper TRIX_MTF_v1.1 ??

I assume he is only posting the ex4 so he can make changes himself.
If I can find the mq4's I can answer my own questions about how to call iCustom on these things.

Done a lot of looking but don't see them on the forum.
John
hi john,

if i'm not mistaken. i think swingman has stated b4 that if u want the source. then pm him. just contact him n check it out, ok. thanks.
  • #3,419
  • Jul 29, 2009 9:22am Jul 29, 2009 9:22am
#TudorGirl

Thank you for your answer. Yes, it's not easy, coding and trading at the same time ;-)
My opinion at the moment is: We are doing this, what thousands before us have done. We are searching for THE indicator, who can tell us the future. And during this search we forget, that the market will be eratically for ever. We should be thankful for that what we have and if I look at the last postings I can see several traders they are successful with the c4 or nitro approach. the rest is experience and training and not the search for the ultimative indicator.
Best wishes, Erik
  • #3,420
  • Jul 29, 2009 9:24am Jul 29, 2009 9:24am
Quoting winningfx
hi john,

if i'm not mistaken. i think swingman has stated b4 that if u want the source. then pm him. just contact him n check it out, ok. thanks.
Yes, he will send you the mq4 code if you pm him your email address.
******************* I'd rather make money than be right.
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