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C4 Scalping

  • #3,821
  • Jul 30, 2009 10:59am Jul 30, 2009 10:59am
Quoting TudorGirl
Yes - it is MUCH easier by eye than trying to program divergence etc into an EA!! Once you spot the patterns (and you will - trust me!) you will see what I am doing.

Anne
Any chance you can post your charts of these trades instead your account balance??? Would help me "eye" the trades and "spot the patterns" of what you are doing.
  • #3,822
  • Jul 30, 2009 10:59am Jul 30, 2009 10:59am
Ian, it's apparent that you're looking for a fly in the ointment. Skepticism is good, and needed so that people don't get the impression that this is easy. The losers do need to be pointed out just as much as the winners. That way, people can see where these occur and possibly come up with ways to avoid them. I agree with your post that an eyeball of a chart has to take into consideration the spread. This is something everyone needs to be aware of if they are planning any strategy based on a visual back test.
Regarding your post on the 100% hit rate as observed by Swingman (which was amended down to 98% after I tried it and started with a loss), that was only when there were two histograms bars preceding the triangle that were the same color. another one of those trades came up not too long afterwards, and it was a winner. I had a stop set of 33, and it went about 27 against me. Also, the trade that I did lose would have been a winner with a 35 pip stop loss.
Bad R.R which Edge has spoken of, I know.
Many posts here of people trading this system live that are having success. Yes, not everyone trading it identically. But, many are trading close to what Edge recommends and making pips.
The recipe is pretty tasty as it is. Like any good chefs would want, if there's another ingredient or two, or a different temperature that might make it better, those that are following along are experimenting and reporting their results.
There's a principle of success called the Master Mind principle. At the helm is Edgetrader and he has gathered together a group of individuals (by virtue of his trading expertise) to unite in a common goal.
Anyway, keep up your posts. Keep exposing any percieved flaws. Just as everone needs to hear what's right, everyone also needs to know about any flaws or weaknesses. Many times we learn more from failures and mis steps.
Quoting ianf0ster
Hi Edge,
I am aware of those points. Also for a quick eyeball backtest, you have to assume a SL of at least 2X your Renko Brick size.

Ian
  • #3,823
  • Jul 30, 2009 11:01am Jul 30, 2009 11:01am
Anne, could you send me that EA by express mail ASAP?
Quoting TudorGirl
OK, with just an hour to go to the first 24 hours we have passed the nice milestone of 30%.

This is just using a fixed lot size. Edge recommends 0.5 lot for Nitro but the maths tells me the RR of my version easily allows 1 full lot per trade. The next step is to ramp the lot size according to my copula MM formula.

Then the sparks will fly...

Anne
  • #3,824
  • Jul 30, 2009 11:03am Jul 30, 2009 11:03am
Quoting TudorGirl
OK, with just an hour to go to the first 24 hours we have passed the nice milestone of 30%.

This is just using a fixed lot size. Edge recommends 0.5 lot for Nitro but the maths tells me the RR of my version easily allows 1 full lot per trade. The next step is to ramp the lot size according to my copula MM formula.

Then the sparks will fly...

Anne
Any plans on releasing EA????
Thanks
Mombone
  • #3,825
  • Jul 30, 2009 11:07am Jul 30, 2009 11:07am
would you guys release the ultimate money-making robot to the public? give it away to people who can't even read and make an effort?
  • #3,826
  • Jul 30, 2009 11:09am Jul 30, 2009 11:09am
Quoting Tw0eleven
Any chance you can post your charts of these trades instead your account balance??? Would help me "eye" the trades and "spot the patterns" of what you are doing.
I would love to, but I can't. I dispensed with charts yesterday when I got the EA working.

As I mentioned in an earlier post, I rewrote the source of the Renko to get rid of freezing problems etc.

Then I decided while I was at it to just build the indy right into the Renko itself.

Then I thought, I don't really need to even see this!

So the EA just sits on the M1 chart which drives it with ticks (like the Renko EA you all have) but it does the Renko blocking, the indy analysis and the trading, all in one bit of code.

So my MT screen is just an empty dark gray area with a little 2cm square, rather lonely little M1 EU chart in one corner with nothing on it, looking rather sorry for itself....

Anne

PS. No, the EA will never be posted for obvious reasons. Learn & earn.
  • #3,827
  • Jul 30, 2009 11:09am Jul 30, 2009 11:09am
So how do I get a Renko chart on my MT4?
  • #3,828
  • Jul 30, 2009 11:11am Jul 30, 2009 11:11am
read the thread, it's talked about on over 20 different pages and same question asked by over 20 different traders



Quoting pilotui
So how do I get a Renko chart on my MT4?
  • #3,829
  • Jul 30, 2009 11:13am Jul 30, 2009 11:13am
Quoting TudorGirl
I would love to, but I can't. I dispensed with charts yesterday when I got the EA working.

As I mentioned in an earlier post, I rewrote the source of the Renko to get rid of freezing problems etc.

Then I decided while I was at it to just build the indy right into the Renko itself.

Then I thought, I don't really need to even see this!

So the EA just sits on the M1 chart which drives it with ticks (like the Renko EA you all have) but it does the Renko blocking, the indy analysis and the trading, all in one bit of code.

So my MT screen is...
If you're not going to post EA quit posting results.
Mombone
  • #3,830
  • Jul 30, 2009 11:17am Jul 30, 2009 11:17am
Quoting happyhappy
would you guys release the ultimate money-making robot to the public? give it away to people who can't even read and make an effort?
.
  • #3,831
  • Jul 30, 2009 11:17am Jul 30, 2009 11:17am
Quoting Mombone
If you're not going to post EA quit posting results.
Mombone
it's using the same principles, very inspiring - if it takes us non-rocket scientists a couple weeks to become jedi traders, halleluja!
  • #3,832
  • Jul 30, 2009 11:23am Jul 30, 2009 11:23am
Quoting happyhappy
it's using the same principles, very inspiring - if it takes us non-rocket scientists a couple weeks to become jedi traders, halleluja!
Happy - with your positive attitude, you will get there quicker than a lot of others!! Anything I can do to help (short of posting the source code LOL!) please ask.

Anne
  • #3,833
  • Jul 30, 2009 11:26am Jul 30, 2009 11:26am
Anne, would you take $5.29 for it?
Quoting TudorGirl
Happy - with your positive attitude, you will get there quicker than a lot of others!! Anything I can do to help (short of posting the source code LOL!) please ask.

Anne
  • #3,834
  • Jul 30, 2009 11:26am Jul 30, 2009 11:26am
Quoting happyhappy
it's using the same principles, very inspiring - if it takes us non-rocket scientists a couple weeks to become jedi traders, halleluja!
If the issue is giving it away for free I totally understand that. I for one cannot sit in front of a computer 24/7. I have no idea how to code. I have read this thread for day one till now. I feel I have good grasp on basics. If someone codes for a fee pm me, I have no problem paying for anything. I'm just saying if you're not going to make something available in some form or another quit talking about how great it is.
Mombone
  • #3,835
  • Jul 30, 2009 11:26am Jul 30, 2009 11:26am
Quoting TudorGirl
I would love to, but I can't. I dispensed with charts yesterday when I got the EA working.

As I mentioned in an earlier post, I rewrote the source of the Renko to get rid of freezing problems etc.

Then I decided while I was at it to just build the indy right into the Renko itself.

Then I thought, I don't really need to even see this!

So the EA just sits on the M1 chart which drives it with ticks (like the Renko EA you all have) but it does the Renko blocking, the indy analysis and the trading, all in one bit of code.

So my MT screen is...
Thanks for that explanation. I guess you have the "Ultimate Clean Charts" since you don't even have any!!! hahaha
  • #3,836
  • Jul 30, 2009 11:27am Jul 30, 2009 11:27am
Quoting TudorGirl
Happy - with your positive attitude, you will get there quicker than a lot of others!! Anything I can do to help (short of posting the source code LOL!) please ask.

Anne
thanks! right now I am a happy detective and enjoying the journey
  • #3,837
  • Jul 30, 2009 11:29am Jul 30, 2009 11:29am
Quoting paradoxical
Anne, would you take $5.29 for it?
Hmmm... It's a very tempting offer! I'll give it serious thought...

Annie
  • #3,838
  • Jul 30, 2009 11:32am Jul 30, 2009 11:32am
Quoting Tw0eleven
Thanks for that explanation. I guess you have the "Ultimate Clean Charts" since you don't even have any!!! hahaha
Yes indeed! Hadn't thought of it that way. Cleanest setup of all is.... no charts!! LOL

Anne
  • #3,839
  • Jul 30, 2009 11:32am Jul 30, 2009 11:32am
Could you pls share a chart with the indicators you are using for the EA with the entry points so that we can try following it.

If you are not using any charts, pls explain in plain words so that we can do the coding

Thanks.


Quoting TudorGirl
Happy - with your positive attitude, you will get there quicker than a lot of others!! Anything I can do to help (short of posting the source code LOL!) please ask.

Anne
  • #3,840
  • Jul 30, 2009 11:40am Jul 30, 2009 11:40am
Quoting millionaire7
Could you pls share a chart with the indicators you are using for the EA with the entry points so that we can try following it.

If you are not using any charts, pls explain in plain words so that we can do the coding

Thanks.
Could there be a typo in the sheet:
at 30/07 03:30 a sell was entered at 1.40469, but the trade still had a T/P at 1.40575 (altho with a negative profit). I've never seen that happen before, but I'm not an expert.
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