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C4 Scalping

  • #3,721
  • Jul 30, 2009 6:59am Jul 30, 2009 6:59am
Quoting luckylady
You're welcome.

Last chart EJ....first trade would have been a loss, rest would have been winners (depending on the spread you get from your broker) and EJ has been pretty choppy today. I don't set a hard 10 pip TP either, if it looks to be moving well I will leave it to carry on, if it starts to look dodgy I will take it out.
I should add to that, the first trade would only have been a loss if you had let it go to +10 minus spread and then all the way back to -20 which according to Edge would be a flogging offence
  • #3,722
  • Jul 30, 2009 7:09am Jul 30, 2009 7:09am
Quoting DXTrade
Sorry guys, had a glitch in my last C4 Indicator

So here the last version v3, but still has to be filtered with HMA or whatever you like... TG's Spectrum looks good
What kind of MA is this on your chart?
/ ... clarifying decisions ... /
  • #3,723
  • Jul 30, 2009 7:25am Jul 30, 2009 7:25am
Is anyone having an ea running on a set-up like this ?
(not on Renko charts though)

Entries are marked.
If not, would anybody be interested in having it programmed together with me ?
Attached Image (click to enlarge)
Click to Enlarge Name: ea.jpg Size: 275 KB
  • #3,724
  • Jul 30, 2009 7:25am Jul 30, 2009 7:25am
Quoting lrathi
Please could you give the setting for the arrow indicator....
I cannot line mine up with your charts.

Try 2 1 1 1 or 3 1 1 1 5M TF
 Love the C4 still (fossil method).


What is the bar indicator? What settings?
Trix indicator.

Settings change according to ATR. Low ATR = higher Trix to try to filter false signals....High ATR = lower Trix to catch possible re-entries quicker.
" Never let the past hold the future to ransom "
  • #3,725
  • Jul 30, 2009 7:27am Jul 30, 2009 7:27am
One more question regarding the charts on posts 3712 and 3715--
what indicator is giving the up/down arrows on the price candles?
Thank you.
  • #3,726
  • Jul 30, 2009 7:32am Jul 30, 2009 7:32am
Quoting michaelB
One more question regarding the charts on posts 3712 and 3715--
what indicator is giving the up/down arrows on the price candles?
Thank you.
Currently I'm using DXTrade C4 set to 4 but smC4 ScalperSignals also works well set to 4 1 1 1 they seem to signal in the same place.
  • #3,727
  • Jul 30, 2009 7:46am Jul 30, 2009 7:46am
Quoting globalinvest
Is anyone having an ea running on a set-up like this ?
(not on Renko charts though)

Entries are marked.
If not, would anybody be interested in having it programmed together with me ?

Still experimenting with different settings.

I am considering an EA for sure even if it is for alerts only.
" Never let the past hold the future to ransom "
  • #3,728
  • Jul 30, 2009 7:47am Jul 30, 2009 7:47am
Quoting walb99
What kind of MA is this on your chart?
HMA default settings (paper clip top right )
"The only successful substitute for brains is silence."
  • #3,729
  • Edited 8:34am Jul 30, 2009 8:09am | Edited 8:34am
Quoting Gleneagles
5M
Gleneagles, for everytime in this thread if you got $1 for answering "What time frame you use?", you'll be a rich guy.
  • #3,730
  • Jul 30, 2009 8:35am Jul 30, 2009 8:35am
I hope you guys won't hate me for posting my indicator updates.
If so... please tell me and I will stop immediately...

In my C4 Indicator I tried to put as filter a second Trix (6,1,1,1 or whatever), but as some of you know you can only use 8 buffers in an indicator and I need 8 per trix.
So I added a second MA filter to simulate the M15 Trix (32.3,6) but you can choose the period in the settings as you like. Play around.
I found that 24 gives good arrows.

Sorry for disturbing again
Attached Image (click to enlarge)
Click to Enlarge Name: dxtrade.gif Size: 22 KB
Attached File(s)
File Type: ex4 DXTrade C4 v3.2.ex4   12 KB | 836 downloads
"The only successful substitute for brains is silence."
  • #3,731
  • Jul 30, 2009 8:35am Jul 30, 2009 8:35am
Quoting altoronto
Gleneagles, for everytime in this thread if you got $1 for answering "What time frame you use?", you'll be a rich guy.
Good idea you have given me.
" Never let the past hold the future to ransom "
  • #3,732
  • Jul 30, 2009 8:46am Jul 30, 2009 8:46am
All,

The system is still holding up. Just going for +10's as per the Boss's orders.

Account up just over 20% in the last 18 hours.

Anne
Attached Image (click to enlarge)
Click to Enlarge Name: 20pipNitro3.GIF Size: 61 KB
  • #3,733
  • Jul 30, 2009 8:51am Jul 30, 2009 8:51am
Nice 20 pips this am. DX4 love your indicator. THANKS
Attached Image (click to enlarge)
Click to Enlarge Name: c4.gif Size: 14 KB
  • #3,734
  • Jul 30, 2009 8:52am Jul 30, 2009 8:52am
Just curious, how many out there are scalping pairs with 4-5pips spreads??? If you are, are you still going for 10pips or 5pips net profit? Second question, how man people feel you can't scalp with that high of a spread but need something smaller like 2-3pip spreads? Or does it even matter with C4 and Nitro?
  • #3,735
  • Jul 30, 2009 9:00am Jul 30, 2009 9:00am
Looks like 19 trades and only 2 losses, is that about right or is it my old eyes. If so it's a smidgin over 90% success rate.

DX please don't stop posting your indi updates, they're invaluable, likewise TG and SM.


Quoting TudorGirl
All,

The system is still holding up. Just going for +10's as per the Boss's orders.

Account up just over 20% in the last 18 hours.

Anne
  • #3,736
  • Jul 30, 2009 9:03am Jul 30, 2009 9:03am
First trade touch SL, damn, more and more I believe you DXtrade about SL
Attached Image (click to enlarge)
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and 2 more recent trades
Attached Image (click to enlarge)
Click to Enlarge Name: renko3.jpg Size: 271 KB
  • #3,737
  • Jul 30, 2009 9:04am Jul 30, 2009 9:04am
Quoting Tw0eleven
Just curious, how many out there are scalping pairs with 4-5pips spreads??? If you are, are you still going for 10pips or 5pips net profit? Second question, how man people feel you can't scalp with that high of a spread but need something smaller like 2-3pip spreads? Or does it even matter with C4 and Nitro?
Yeah, that 9 pip spread on G/J is killer.
  • #3,738
  • Jul 30, 2009 9:08am Jul 30, 2009 9:08am
Quoting strada
Looks like 19 trades and only 2 losses, is that about right or is it my old eyes. If so it's a smidgin over 90% success rate.

DX please don't stop posting your indi updates, they're invaluable, likewise TG and SM.
Yeah, that's what I make it too. Edge has pretty much 100% with Nitro, but then the exact formula is (a) secret and (b) seems to require TradeStation to run.

So if we can get to 90-95% success rate in just a week using Play Station (MT4) then we aren't doing too bad!!

Anne
  • #3,739
  • Jul 30, 2009 9:13am Jul 30, 2009 9:13am
Quoting TudorGirl
All,

The system is still holding up. Just going for +10's as per the Boss's orders.

Account up just over 20% in the last 18 hours.

Anne
Hi Anne
could you please post a screenshot of your system entry/exit/tp/sl rule as well

this would be much helpful

thanks
  • #3,740
  • Jul 30, 2009 9:21am Jul 30, 2009 9:21am
Quoting Tw0eleven
Just curious, how many out there are scalping pairs with 4-5pips spreads??? If you are, are you still going for 10pips or 5pips net profit? Second question, how man people feel you can't scalp with that high of a spread but need something smaller like 2-3pip spreads? Or does it even matter with C4 and Nitro?
Much like anything else,each tier of the FX market has its own inherent advantages and disadvantages.
Most retail outfits (tier 3) can be equated to the likes of running a casino.
And, for the most part are 'flexible' with their compensation structures.
It is really up to you to decide what 'spread' you can and can't live with, as it relates to your trading.

Hope this helps.
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