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C4 Scalping

  • #3,621
  • Jul 30, 2009 12:55am Jul 30, 2009 12:55am
Quoting bruiser
pilotui,
neither the "f" nor the clock are on my charts, so I don't know.
you could just manually delete them.

...and Edge stated that the setup could be used on any time frame per
your earlier question.
Understand. Thank you for the quick reply!

THANKS!

Darren
  • #3,622
  • Jul 30, 2009 12:58am Jul 30, 2009 12:58am
For C4 strategy on 5M timeframe, what should i use for upper_Timeframe in the TRIX indicator? 15 or 30? I mean which one has proven for you guys to be more efficient?

Cheers!
If you lose, I will grab your pips away
  • #3,623
  • Jul 30, 2009 12:59am Jul 30, 2009 12:59am
Quoting brucech
Max,


Look, observe where?? try going back and looking at all of the charts that Edge posted showing the Primer Detonator and the Plunging...
There you should see how it is done... confirmation and the like...
Yes, but I wasn't seeing it and what set me off is the fact that the author COULD have concisely described it, but instead chose to 'wax poetic' for around 2000 words. Having spent many, many hours in classrooms, I have a big bugaboo about the kind of teachers(much too prevalent) who spend as much energy showing off for a class or being cute as they do actually instructing.
  • #3,624
  • Jul 30, 2009 12:59am Jul 30, 2009 12:59am
Hi, I just loaded this into my LIVE platform which is FXCM MT4...but the smTrix v4col does not show up...it's blank?
  • #3,625
  • Jul 30, 2009 1:00am Jul 30, 2009 1:00am
Quoting Max Thrax
....if you have to TELL ME you put me on your ignore list, you aren't really ignoring me now are you? No, you are dancing to my tune.
Now Max,
How can they be dancing to your tune, if they
can't hear the music ?
  • #3,626
  • Jul 30, 2009 1:02am Jul 30, 2009 1:02am
15 min for the 5 min charts... personally for c4 and nitro both I have the same time frame 6 1 1 1 trix on my charts for confirmation, the 4color trix from SM
to confirm the trend instead of the 15 min, but both can work great, its
what you like best.

Brian

Quoting hodoman
For C4 strategy on 5M timeframe, what should i use for upper_Timeframe in the TRIX indicator? 15 or 30? I mean which one has proven for you guys to be more efficient?

Cheers!
  • #3,627
  • Jul 30, 2009 1:04am Jul 30, 2009 1:04am
Quoting bruiser
Now Max,
How can they be dancing to your tune, if they
can't hear the music ?
Ah, but they do Blanche....they do! So much so that they must announce, no.....CRY FROM THE HIGHEST MOUNTAIN! MAX THRAX IS BANISHED....BANISHED. MAX THRAX EST EXTERMINATA!
  • #3,628
  • Edited 1:06am Jul 30, 2009 1:05am | Edited 1:06am
No need to get angry, or to besmirch Pilotui because you think he or she hasn't posted enough. Some of us are more "lurker/ learners" than others.

You want the rules,,, we got rules. Throw this indy on your chart and keep it simple. That's what this thread is all about, simplicity and consistency.

Notice the simlicity in the rules in the indy???

Step 1
Step 2
Step 3,,,,, Tadaaaaaaaaaaaaaaaaaaaaaa

Clay

P.S. Learned how to do this by lurking on the THV thread which I thought was way to complicated, but,,, ppl make good pips with it.
Attached File(s)
File Type: mq4 C4 M5 Rules.mq4   3 KB | 752 downloads
  • #3,629
  • Jul 30, 2009 1:06am Jul 30, 2009 1:06am
Well back to where we came from: Trading

+5 and +5 while posting here
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: dxtrade1.gif Size: 21 KB
"The only successful substitute for brains is silence."
  • #3,630
  • Jul 30, 2009 1:07am Jul 30, 2009 1:07am
Quoting pilotui
Hi, I just loaded this into my LIVE platform which is FXCM MT4...but the smTrix v4col does not show up...it's blank?
I have limited MT know how, but..I would either close and reopen the platform or delete and re-install that indi.
Hope this helps !

G'night everyone.

Steve
  • #3,631
  • Jul 30, 2009 1:09am Jul 30, 2009 1:09am
Quoting Max Thrax
Ah, but they do Blanche....they do! So much so that they must announce, no.....CRY FROM THE HIGHEST MOUNTAIN! MAX THRAX IS BANISHED....BANISHED. MAX THRAX EST EXTERMINATA!
  • #3,632
  • Jul 30, 2009 1:10am Jul 30, 2009 1:10am
Another +5 just now on UJ...
Attached Image (click to enlarge)
Click to Enlarge Name: dxtrade.gif Size: 19 KB
"The only successful substitute for brains is silence."
  • #3,633
  • Jul 30, 2009 1:22am Jul 30, 2009 1:22am
Hello all,

Just got back from my trip and catching up on all the posts. I decided to compare Swingman's signals with DX's and put them on the same chart and discovered something really interesting: either one is a win almost everytime as long as the Hull is the right color. Look at the charts. You can use both!

The bisque and gray colors represent the two times Edge recommended for trading. I left the trix indicator to monitor the setups SM had recommended.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Nitro AJ.jpg Size: 216 KB
Click to Enlarge Name: Nitro CJ.jpg Size: 206 KB
Click to Enlarge Name: Nitro EJ.jpg Size: 213 KB
Click to Enlarge Name: Nitro UJ.jpg Size: 217 KB
  • #3,634
  • Jul 30, 2009 1:27am Jul 30, 2009 1:27am
Here is the first of many more to come. Just my luck I have to do a lot more travelling this week and next. Will try to squeeze in a few trades from my hotel room.
Attached Image (click to enlarge)
Click to Enlarge Name: Nitro CJ 07_29.jpg Size: 203 KB
  • #3,635
  • Jul 30, 2009 1:31am Jul 30, 2009 1:31am
Looks like the kind of system that gets killed in ranging/consolidating markets. ALso, taking 5 or 10 pips is great as long as you aren't using a 30 pip stop loss, but I haven't read any discussion of stop loss vs profit target.
  • #3,636
  • Jul 30, 2009 1:35am Jul 30, 2009 1:35am
Quoting DXTrade
Well back to where we came from: Trading

+5 and +5 while posting here
Are you using the 10 pip brick. In comparing your charts to mine several of my bricks are different. Different brokers maybe??? I'm using FXDD for charting

Mombone
  • #3,637
  • Jul 30, 2009 1:44am Jul 30, 2009 1:44am
Quoting Mombone
Are you using the 10 pip brick. In comparing your charts to mine several of my bricks are different. Different brokers maybe??? I'm using FXDD for charting

Mombone
Yes, it's a 10 pip brick on FXDD live account.

No idea why...
"The only successful substitute for brains is silence."
  • #3,638
  • Jul 30, 2009 1:49am Jul 30, 2009 1:49am
How do I copy a chart to attach to message??
  • #3,639
  • Jul 30, 2009 1:51am Jul 30, 2009 1:51am
hey DXTrade, when you get the chance would you also allow us to
enter the trix period we are using in the DX trade info indy.. some I am using 2 1 1 1 and others 3 1 1 1 and would love to be able to enter based upon
which chart I am putting it on. If you don't mind, would be great.

Brian

Quoting DXTrade
Yes, it's a 10 pip brick on FXDD live account.

No idea why...
  • #3,640
  • Jul 30, 2009 1:52am Jul 30, 2009 1:52am
Quoting Max Thrax
Looks like the kind of system that gets killed in ranging/consolidating markets. ALso, taking 5 or 10 pips is great as long as you aren't using a 30 pip stop loss, but I haven't read any discussion of stop loss vs profit target.
I agree somewhat. There has been a lot of discussion, but I'm not sure there has been a definitive answer.

For those who have been successful trading this so far, care to elaborate on how the stops are managed? I have looked over a lot of charts in an attempt to back test this, but it's not as straight forward as I thought it might be. Had to make some assumptions, but it looks like the win percentage using Renko bars and Trix is closer to 75%, not the 95%+ that is reported.

I admit that my assumptions may be wrong, which is why I am forward testing, but I really don't want to reinvent the wheel. So if the traders successfully using this method can describe how they set stops, it would be very useful.

With a S/L of 20 pips and target of 5 pips, that is a loser overall (unless the win percentage is indeed 95%+). So I think I am missing something important.
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