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C4 Scalping

  • #3,741
  • Edited Aug 3, 2009 4:55pm Jul 30, 2009 9:24am | Edited Aug 3, 2009 4:55pm
I think c4 can be good with constant range bar as well


here is EUR/USD chart
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  • #3,742
  • Jul 30, 2009 9:27am Jul 30, 2009 9:27am
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.
I 2nd that
You guys and gals are making this a little easier every day.
I haven't done the Renko switch over yet still hope to catch the plane with Swingman & others to the cayman isles for the live c4/nitro reunion of sorts to meet the Master, Edgetrader.
  • #3,743
  • Jul 30, 2009 9:30am Jul 30, 2009 9:30am
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?
For C4 I am just taking the easy ones, I have a 1 pip spread on euro and u/j and 2 pip on aussie, 15 pip stop, 10 pip tp - adjusting the stop smaller if there is good support/resistance closer, I stopped trading gbp as it is a bit psycho and I'm not willing to trade without a stop or take a 30 pip loss if it goes crazy.

With e/j , I trade it only if it looks like euro and u/j are going to move in the same direction (or if euro is moving and u/j is frozen) - 18 pip stop, 12 pip tp

For Nitro though, I see the value of having a bigger stop but not enough knowledge on that yet..
  • #3,744
  • Jul 30, 2009 9:35am Jul 30, 2009 9:35am
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?
My spreads with FX Solutions (one of the highest) range from 3 to 12 pips! The highest pair I trade, G/Y has a 9 pip spread. So I need to make 19 pips to cash out 10. (!)
It would be a dream to be with a broker with 2-3 pip spreads .. but I think, like MB Trading, they charge commissions per trade or require large initial deposits. That would not work for me now.
I figure that if I can consistenly make 5-10 pips per trade with my huge spreads, when I have enough money to graduate to a broker like TS, it will be a breeze.
******************* I'd rather make money than be right.
  • #3,745
  • Jul 30, 2009 9:36am Jul 30, 2009 9:36am
Hey,

Just to have that clear and make sure i finally got it, would the attached chart show a losing trade according to swingman´s observation ? TP=10 SL=20 ??

I need that clarification.

Thanks
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  • #3,746
  • Jul 30, 2009 9:38am Jul 30, 2009 9:38am
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.
Now that I'm trading during proper hours my win/loss ratio is about the same .. in fact not one losing trade this morning. But last night (UK open time) was a killer for me .. of course Edge warned us NOT to trade during that time ... so please don't tell him.....
******************* I'd rather make money than be right.
  • #3,747
  • Edited 9:43am Jul 30, 2009 9:40am | Edited 9:43am
Quoting 4xStar
My spreads with FX Solutions (one of the highest) range from 3 to 12 pips! The highest pair I trade, G/Y has a 9 pip spread. So I need to make 19 pips to cash out 10. (!)
It would be a dream to be with a broker with 2-3 pip spreads .. but I think, like MB Trading, they charge commissions per trade or require large initial deposits. That would not work for me now.
I figure that if I can consistenly make 5-10 pips per trade with my huge spreads, when I have enough money to graduate to a broker like TS, it will be a breeze.
You don't need a big deposit for Oanda, I really like them, low spreads and really fast 1-click execution..

1 pip spread on euro and u/j , 2 pip on aussie and 2-3 on pound, 3 on e/j, 4-7 on "the beast" (except during asian session the spread widens)
  • #3,748
  • Jul 30, 2009 9:44am Jul 30, 2009 9:44am
Here's my set up...I'm using FXCM (Live account) which offers SERIOUSLY low spreads you can see EUR/USD is @ 1.9

Also, I can drag and drop (and they always stay on top) the trading tiles.

This is my 1st day trading C4...Live...AWESOME.
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  • #3,749
  • Jul 30, 2009 9:45am Jul 30, 2009 9:45am
Quoting DanFX
Hey,

Just to have that clear and make sure i finally got it, would the attached chart show a losing trade according to swingman´s observation ? TP=10 SL=20 ??

I need that clarification.

Thanks

That would have been a looser.
Actually there is another one.
Look at the 9:42 Bar

Hope that helps
  • #3,750
  • Jul 30, 2009 9:52am Jul 30, 2009 9:52am
Quoting thecambist
That would have been a looser.
Actually there is another one.
Look at the 9:42 Bar

Hope that helps
Now I´m a bit confused... I know we should wait for triangle after 2 consecutive trix bars. BUT doesn´t it matter on which side of the zero line ?
Would it be okay to have light green, deep red, triangle => shoot ??

I thought it should be both dropping bars below 0 so deep red, deep red, triangle => shoot !!
  • #3,751
  • Jul 30, 2009 9:52am Jul 30, 2009 9:52am
Quoting DanFX
Hey,

Just to have that clear and make sure i finally got it, would the attached chart show a losing trade according to swingman´s observation ? TP=10 SL=20 ??

I need that clarification.

Thanks
Hi,
Yes Dan I see a losing trade on your chart, with a winning one and a losing one (09:42) before it and another winning one after it.

E/U 10 pip Renko:
I don't know what others have come up with for this over longer term tests - Paradoxical says it has a 99% win rate.
My tests from 00:00 GMT on 1st June up to the present (using a 10pip TP and 20 pip SL) show 108 winning trades and 47 losing trades assuming trading 24hrs per day.
Ok not 99% more like 69%, but still positive pips. But then take the sread into account and it's a losing proposition:
If I assume a 1 pip spread it is +972 pips and - 987 pips
A more realistic retail spread of 2 gives +864 -1034

Back to the drawing board I think.

Ian
  • #3,752
  • Jul 30, 2009 9:59am Jul 30, 2009 9:59am
Anyone else...restarted...re-logged in... nothing is changing on the charts!!
  • #3,753
  • Jul 30, 2009 10:02am Jul 30, 2009 10:02am
Quoting pilotui
Anyone else...restarted...re-logged in... nothing is changing on the charts!!
I you are using renko,thats normal.somebody said it would help to just put the renko script again on it.
For me that only helps for a while than the charts are freezing again.
If i create the charts completely new, it works fine.
  • #3,754
  • Jul 30, 2009 10:02am Jul 30, 2009 10:02am
Quoting Syahmi
Amazing Renko Script using C4 template......

Guys... look at the HMA channel, providing the trend for the current Renko chart... same setting for smTrix indy... and TG Indy..

P/S: Using Renko bars... I then replaced it with Heiken Ashi... and use my current template for C4.....

Amazing how effectively Renko script can be fully applied without worrying about timeframe anymore......

Try it out guys...

Cheers !
BOOM!!!!!!! ???

Am not sure everybody trading C4 read this posting slowly and acted on the information here!!!!!

Very astute observation and makes a clear and concise connection between the strength of Nitro (Renko) and the simplicity of C4. Here you are able to incorporate a bit less noise with the Renko Mt4 script into the normal candlestick charting package. Perhaps removing the Heiken Ashi wicks will be a worthwhile study???

This may want to be looked at with various pairs over the weekend as the potential to a C4 enthusiast should be apparent.

Regards.
  • #3,755
  • Jul 30, 2009 10:04am Jul 30, 2009 10:04am
Quoting 4xStar
My spreads with FX Solutions (one of the highest) range from 3 to 12 pips! The highest pair I trade, G/Y has a 9 pip spread. So I need to make 19 pips to cash out 10. (!)
It would be a dream to be with a broker with 2-3 pip spreads .. but I think, like MB Trading, they charge commissions per trade or require large initial deposits. That would not work for me now.
I figure that if I can consistenly make 5-10 pips per trade with my huge spreads, when I have enough money to graduate to a broker like TS, it will be a breeze.

Thanks 4xStart, Pilotui and all the others who replied. It's basically what I was thinking anyway. I too use FxSol 4xStar...but after gaining some consistancy and building up the account I will probably switch(unless FxSol breaks down and offers lower spreads to it's costumers).

Pilotui, I did have a micro acct with fxcm once before..I liked their platform, but found that by them not have fixed spreads hurt me on occasion. I'd see the gu spread go from 2-3pips during the day to 4-6pips during Asian session. But I'd like to know if anyone is trading their "active trader" platform...that looks interesting for sometime down the road!
  • #3,756
  • Jul 30, 2009 10:10am Jul 30, 2009 10:10am
Quoting Edgetrader
BOOM!!!!!!! ???

Am not sure everybody trading C4 read this posting slowly and acted on the information here!!!!!

Very astute observation and makes a clear and concise connection between the strength of Nitro (Renko) and the simplicity of C4. Here you are able to incorporate a bit less noise with the Renko Mt4 script into the normal candlestick charting package. Perhaps removing the Heiken Ashi wicks will be a worthwhile study???

This may want to be looked at with various...
I don't get what she is saying to do. Chart looks very 'busy'. What am I missing?
******************* I'd rather make money than be right.
  • #3,757
  • Jul 30, 2009 10:12am Jul 30, 2009 10:12am
Quoting Tw0eleven
Pilotui, I did have a micro acct with fxcm once before..I liked their platform, but found that by them not have fixed spreads hurt me on occasion. I'd see the gu spread go from 2-3pips during the day to 4-6pips during Asian session. But I'd like to know if anyone is trading their "active trader" platform...that looks interesting for sometime down the road!
My first broker was FXCM and I would never use them again. They found numerous ways to deplete my account .. running stops, unexpected spreads, fees, etc etc. Later I learned they are considered one of the biggest the 'crooks' of the fx broker world.
If they are treating you right, who knows .. maybe they have learned & changed .. but keep a sharp eye out especially if you start earning money and if you see funny things happening .. it will not be your imagination.
FWIW.
******************* I'd rather make money than be right.
  • #3,758
  • Jul 30, 2009 10:14am Jul 30, 2009 10:14am
A couple of trades today for +10 each.

Would have been 3 trades but was too slow putting on the sell at 8:30 EST http://www.forexfactory.com/images/icons/icon8.gif

Focusing on EU only till I get consistent with this method.

Chart and trades attached.
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  • #3,759
  • Jul 30, 2009 10:14am Jul 30, 2009 10:14am
And BOOM...

+5 and +5
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"The only successful substitute for brains is silence."
  • #3,760
  • Jul 30, 2009 10:25am Jul 30, 2009 10:25am
Ian - Thank you very much for posting your backtest results. This is the type of stuff this thread needs - someone who takes a strategy and trades it (or in this case, backtest) to give some type of long-term results.

Finally someone has stopped tinkering with indicators for a few minutes and actually tried to validate a strategy's performance over a longer period of time.

We keep hearing about 90+% win rates. We know Edgetrader can do it over an extended period. Can anyone else? That is our challenge!



Quoting ianf0ster
Hi,
Yes Dan I see a losing trade on your chart, with a winning one and a losing one (09:42) before it and another winning one after it.

E/U 10 pip Renko:
I don't know what others have come up with for this over longer term tests - Paradoxical says it has a 99% win rate.
My tests from 00:00 GMT on 1st June up to the present (using a 10pip TP and 20 pip SL) show 108 winning trades and 47 losing trades assuming trading 24hrs per day.
Ok not 99% more like 69%, but still positive pips. But then take the sread into account and it's a losing proposition:
If...
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