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C4 Scalping

  • #3,881
  • Jul 30, 2009 3:31pm Jul 30, 2009 3:31pm
Try with this stoch indicators, these has bar colors that help. I took those from I do not remember here in FF.


Quoting 4xStar
I'm going to do a lot more experimenting with this ...
Attached File(s)
File Type: mq4 Bollinger Squeeze vStoch513.mq4   5 KB | 529 downloads
File Type: mq4 Bollinger Squeeze vStoch833.mq4   5 KB | 537 downloads
  • #3,882
  • Jul 30, 2009 3:32pm Jul 30, 2009 3:32pm
Just trying to make a few observations with Nitro-Sync.
TG-Sync does not look as good on C4
If you look at the chart I have set up Trix 2 and Trix 6 with TG-Sync.
The larger arrows are the 6 period and the smaller arrows the 2 period. TG-Sync set at 2.4, and levels of 0,+/-.1 and +/-.5
All of the vertical lines are the entry points via MA set at 8, 3, 6.
All peaks flatlining or hitting the top of the range seem to always fall back to at least the 0 line.
Looks like 3 choices for entry
Riskier entry would be as the line moves through +/-.1 towards 0 (RED)
Timely entry would be when line crosses 0 unless ranging (GREEN)
Safer entry would be as line passes through +/-.1 away from 0
If you look at the chart you will see that the MA entries (vert lines) are usually through 0 or +/-.1 away from zero.
Lots of other observations to be made also, but start with that.
Hope it helps a bit
Q
Attached Image (click to enlarge)
Click to Enlarge Name: nitro-ej-sync.jpg Size: 139 KB
The Only Constant Is Change!
  • #3,883
  • Jul 30, 2009 3:32pm Jul 30, 2009 3:32pm
I have an 8 3 3 stoch on my setup as well, has been a t3 stoch but
doesnt matter really... either way, I put the 50 line only on the chart
for the only level I care about.. same rules red above green for a short
green above red for a long..BUT also.. for a short the stoch has to be above the 50 line on its way down and the only exception is if it is in fact crossing
the 50 line down at the exact time of the DX arrow/SMrenko arrow, trix
cross..whatever. That is a good sign... if the stoch is under 50 at the time
I will not take a short and if its a long the highest it can be is the same
in reverse, crossing up thru the 50 at the trix, DX..etc cross any higher and I let the trade go. It really makes a difference for me.

Brian

Quoting paradoxical
Yet more proof that a bunch of people working together can produce some great things. After your post, I dusted off the ole 8,3,3 stoch that I used some time back. I have eliminated all the other indicators so people can see just how accurate and easy this thing is. I've made the stoch lines bigger and colorful, because I like it that way.
Quite simply, as Edge likes to keep it, only take long trades when the blue is over the red and you have a blue up Renko block and blue HMA, and the opposite for a short trade. Keeps you out of lots of false signals....
  • #3,884
  • Jul 30, 2009 3:34pm Jul 30, 2009 3:34pm
Quoting waddij
Marko,

You can open a paypal account with an email adderss. You then put your credit card down on their system and make a payment.

It comes off your credit card as "Payment to paypal"
I didn't realize it was that simple. I'll give it a try.

Thanks buddy!
  • #3,885
  • Jul 30, 2009 3:41pm Jul 30, 2009 3:41pm
Quoting JazzmanQ2
Just trying to make a few observations with Nitro-Sync.
TG-Sync does not look as good on C4...
Same chart MA 8 4 6
Sorry lines a bit diff, I changed MA but not entry lines
Attached Image (click to enlarge)
Click to Enlarge Name: nitro-ej-sync-846.jpg Size: 138 KB
The Only Constant Is Change!
  • #3,886
  • Jul 30, 2009 3:48pm Jul 30, 2009 3:48pm
How do I insert the color changing MA into another indicator space or on top of my Trix?
  • #3,887
  • Jul 30, 2009 3:50pm Jul 30, 2009 3:50pm
To me. from my experience and just looking at your chart
examples just now it screams to me.. the ma entries where
also the tg s was at least crossing 0, if not 0.1 for a long
or -0.1 for a short at the same time are the best
trades..most likely to be able to run longer and are the
highest probability. Easy enough... there are more than enough
trades on 2 pairs..let alone 4 or whatever you want to watch
to just take those best potential trades.

Brian

Quoting JazzmanQ2
Same chart MA 8 4 6
Sorry lines a bit diff, I changed MA but not entry lines
  • #3,888
  • Jul 30, 2009 3:52pm Jul 30, 2009 3:52pm
I think Edge had mentioned HA candles on Renko. Just a heads up that it may be something you guys want to look into. Last two days, 12 trades on GU, all wins, no losses, targeting 10 pips per trade. Actual total was 113 on the actual trades, but positive all the same, even today with spotty PA.

Going back into the shadows again....
Attached Image (click to enlarge)
Click to Enlarge Name: HA.JPG Size: 151 KB
  • #3,889
  • Jul 30, 2009 3:52pm Jul 30, 2009 3:52pm
Open Question for C4 Strategy:
In trying to determine stop losses instead of using the suggested 20 pips for 10 pip TP or roughly half that for a +5 pip TP, is there any advantage to using ATR to calculate the SL and TP when entering a trade?

My suggestion is use ATR(6) for SL and 1/2 of ATR(6) for TP.

Example:
EURJPY - Short at 2009.07.30 20:55 GMT
Price = 134.30
ATR(6) = 11
Spread = 3 pips
SL = ATR + Spread + Price = 11+ 3 + 134.30 = 134.44
TP = Price - (ATR * .5) = 134.30 - 6 = 134.24

If volatility is higher then the ATR changes as well.
Thoughts?
4XTrader2
  • #3,890
  • Jul 30, 2009 3:55pm Jul 30, 2009 3:55pm
Quoting paradoxical
Yet more proof that a bunch of people working together can produce some great things. After your post, I dusted off the ole 8,3,3 stoch that I used some time back.
Paradoxical, could you please Attach your Stoch? I have different one
as it shows as "Sto(8,3,3)" but I very like what I see, according to
Stoch my last losting trades are false.. Great find..
Thank you much!
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #3,891
  • Jul 30, 2009 4:03pm Jul 30, 2009 4:03pm
Same chart with Stoch 8, 3, 3
Looks like even earlier entries
Attached Image (click to enlarge)
Click to Enlarge Name: nitro-ej-sync-stoch 8, 3 ,3.gif Size: 55 KB
The Only Constant Is Change!
  • #3,892
  • Jul 30, 2009 4:04pm Jul 30, 2009 4:04pm
Hello all: I've been lurking and learning here. I am reading the whole thread (whew!) but am only up to page 47 but jumped here because I need some critical review of two trades I made today which were losers. (Note that I went long on GU at 1.6511)

I'm a little confused re when to pull the trigger. Waiting for the Trix to change color (and move above/below the 0.00 line) and the MA and candle to change as well is clear but:
a) After the candle changes color must it be clear of the MA?
b) Entry on that candle or the next one?
c) Enter when the candle closes?

My smSuper Trix v.1 is set to 3,2,2,1, 500 bars and MA 12,3,6.

Any advice would be appreciated.

Great thread and many thanks to Edge.

Lew
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU 07_30_09 v3.gif Size: 26 KB
Click to Enlarge Name: EU 07_30_09 v3.gif Size: 32 KB
  • #3,893
  • Jul 30, 2009 4:07pm Jul 30, 2009 4:07pm
well, so far that paradox, EU example going against the trade..
(currently $1.4073) BTW my HMA set to your recommendation
at (20,0,3) - still green..
Attached Image (click to enlarge)
Click to Enlarge Name: eu 7-30.gif Size: 52 KB
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #3,894
  • Jul 30, 2009 4:10pm Jul 30, 2009 4:10pm
I have followed this thread from the beginning, learnt a lot and expressed gratitude, but somewhere I seem to have missed the reasoning behind the different currency pairs recommended for C4 and Nitro. If both are targeting +5 pips, why the difference?

Kindly just point me to the post I missed or briefly explain (without flame).
  • #3,895
  • Jul 30, 2009 4:10pm Jul 30, 2009 4:10pm
Quoting SkyzerFX
well, so far that paradox, EU example going against the trade..
there's been barely any PA for eu last couple hours....
  • #3,896
  • Jul 30, 2009 4:12pm Jul 30, 2009 4:12pm
I actually like the look of Stoch(5,1,3). Seems a bit quicker.


Quoting JazzmanQ2
Same chart with Stoch 8, 3, 3
Looks like even earlier entries
  • #3,897
  • Jul 30, 2009 4:12pm Jul 30, 2009 4:12pm
lol my version of that indicator keeps following me where ever I go

Quoting Dibanos
Try with this stoch indicators, these has bar colors that help. I took those from I do not remember here in FF.
  • #3,898
  • Jul 30, 2009 4:13pm Jul 30, 2009 4:13pm
Quoting nsteve
I have followed this thread from the beginning, learnt a lot and expressed gratitude, but somewhere I seem to have missed the reasoning behind the different currency pairs recommended for C4 and Nitro. If both are targeting +5 pips, why the difference?

Kindly just point me to the post I missed or briefly explain (without flame).
nitro can be traded 24/6 because it's been designed and tested on yen crosses which move (except for uj) much faster and can produce consistent +5's throughout the day. additionally, renko bricks smooth out the volatility and filter out the noise of those pairs. some bricks can take a while to close (varies), in renko you relax since much noise is not visible so you stay in the trade and stick to the prbability of potential successful outcome.

c4 for ny open.works well with eurusd,audusd, uj,etc. (i stick with low spread pairs) as it offers the action needed to produce consistent winners in few hour period of trading.
im sure those are only some of the reasons.
  • #3,899
  • Jul 30, 2009 4:21pm Jul 30, 2009 4:21pm
Quoting f4mnect
lol my version of that indicator keeps following me where ever I go
Don't know why you deserted it in the first place, seems to have done you well!!
  • #3,900
  • Jul 30, 2009 4:31pm Jul 30, 2009 4:31pm
Quoting darkness
nitro can be traded 24/6 because it's been designed and tested on yen crosses which move (except for uj) much faster and can produce consistent +5's throughout the day. additionally, renko bricks smooth out the volatility and filter out the noise of those pairs. some bricks can take a while to close (varies), in renko you relax since much noise is not visible so you stay in the trade and stick to the prbability of potential successful outcome.

c4 for ny open.works well with eurusd,audusd, uj,etc. (i stick with low spread pairs) as it offers the...
Thanks!

I understood the C4 reasoning. Now the Nitro recommendations make sense: the higher volatility and noise of the Yen crosses would make them less suitable for C4 but OK for the smoothed Renko, while offering the possibility for extending the trading time. Anything else?
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