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C4 Scalping

  • #3,981
  • Jul 31, 2009 2:15am Jul 31, 2009 2:15am
Quoting michaelhryu
Thank you so much for your prompt replies! Much appreciated.

Still the same. They don't want to be moved around. My MT4 terminal is Build 224. I had no time to update to Build 225. Could that be the reason why, perhaps?
Try these two now.
Attached File(s)
File Type: mq4 MM_B1.mq4   2 KB | 546 downloads
File Type: mq4 MM_S1.mq4   2 KB | 530 downloads
  • #3,982
  • Jul 31, 2009 2:21am Jul 31, 2009 2:21am
Quoting dngfx
Hi DxTrade,

Really appreciate your contribution to this amazing Thread!

Do you manually take TP of +5 when PA is reached ? This is because I demo with Alpari (US) and they won't let me set the TP less than 8-10 pips.http://www.forexfactory.com/images/icons/icon9.gif

Thanks in advance.

dngfx
A bit late to answer... sorry
I'm using a script as well with preset SL 30 and TP 5 and 3% of balance relative to the SL size.
Maybe Alpari doesn't allow TP smaller then whatever.
FXDD does!
"The only successful substitute for brains is silence."
  • #3,983
  • Jul 31, 2009 2:27am Jul 31, 2009 2:27am
Quoting DXTrade
A bit late to answer... sorry
I'm using a script as well with preset SL 30 and TP 5 and 3% of balance relative to the SL size.
Maybe Alpari doesn't allow TP smaller then whatever.
FXDD does!
Thks DXTrade,

Will certainly take a look at FXDD...

Happy pipping!
  • #3,984
  • Jul 31, 2009 2:36am Jul 31, 2009 2:36am
I've found the indicator attached really good, even with scalping it has kept me out of trades that I think may bounce right back at me. One thing to note, price action very rarely goes past Resistance 3 obviously as with anything in life, let alone forex, its not always 100%, but we are dealing in probabilities here.

A brilliant example was a bit earlier on this morning on EU. By the time the buy signal candle had closed it had nearly reached R3 so I didn't take the chance, with the 2 pip spread I have on EU it only went 2 pips into profit before sinking.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 29 KB
Attached File(s)
File Type: ex4 Fibonacci Pivots.ex4   5 KB | 518 downloads
  • #3,985
  • Jul 31, 2009 2:46am Jul 31, 2009 2:46am
I am still testing and won`t clog up the thread with charts.

Just looking at GBPUSD today to see whether I can tweak Trix based on ATR on 5M charts moving it down to 1m entries.

This is what the first 3 signals looked like.

+10 +10 +10

It is tough if you are IT-challenged, old and slow, a member of DENSA not MENSA but I am making progress
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_03 Jul. 31 09.36.gif Size: 31 KB
" Never let the past hold the future to ransom "
  • #3,986
  • Jul 31, 2009 2:48am Jul 31, 2009 2:48am
Here a screenshot of the Ergodic. It seems to not jump around as much as the Stochs and fits in well with the Renko signals. Any thoughts?

Happy trading to you all.

Nick
Attached Image (click to enlarge)
Click to Enlarge Name: ergodic.jpg Size: 118 KB
  • #3,987
  • Jul 31, 2009 2:50am Jul 31, 2009 2:50am
Quoting brucech
Try these two now.
Thanks a lot! It works. Now, how do I save the settings, please?
  • #3,988
  • Jul 31, 2009 3:03am Jul 31, 2009 3:03am
I'm sorry to interrupt this thread and have enjoyed reading and trading it a little bit so far, even though it is very long.

I have a question related to Renko that i think will be easily answered but i haven't seen the answer by reading yet, so i will ask.

Do the 1 minute charts that are originally used to load Renko script on need to stay open the whole time to keep updating the offline M2 chart?

I only ask as if the answer is yes, which i think it is, they do take up a lot of room on the bar.

Thank you to all for your time and efforts and apart from sore eyes from lots of reading, i have learnt some worthwhile points from this thread.
  • #3,989
  • Jul 31, 2009 3:07am Jul 31, 2009 3:07am
Quoting michaelhryu
Thanks a lot! It works. Now, how do I save the settings, please?
choose it from the Navigator
mouse right click to bring up menu
choose Modify.
Click
It brings it up in the Metatrader Editor..

Modify it there.
  • #3,990
  • Edited 3:27am Jul 31, 2009 3:07am | Edited 3:27am
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...

Hi guys....

Incorporating Renko script into HA candlestick....

Below is the template I'm currently using.....

1. HMA channel = Primer

2. smTrix = Detonator

3. T3MA lines = Providing support and resistance

4. Renko bar size = 5 tics

P/S : On your existing Renko 5 tics script, insert the template attached on top of that. But remember, you'll have to keep the 1 min chart running all the time.

Bingo.... now you have the Heiken Ashi (HA) template on top of Renko script...


Cheers !
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 29 KB
Click to Enlarge Name: gbpusd.gif Size: 34 KB
Attached File(s)
File Type: mq4 HeikenAshi_DM.mq4   4 KB | 783 downloads
File Type: ex4 HMA Color nrp.ex4   6 KB | 810 downloads
File Type: mq4 T3MA (i).mq4   3 KB | 839 downloads
File Type: ex4 smSuper TRIX_v2.ex4   11 KB | 957 downloads
File Type: tpl c4-syblack-template2.tpl   71 KB | 922 downloads
  • #3,991
  • Jul 31, 2009 3:09am Jul 31, 2009 3:09am
Yes. They need to remain open with Renko running on it. Must see the smilely face!


Quoting Trendy1
I'm sorry to interrupt this thread and have enjoyed reading and trading it a little bit so far, even though it is very long.

I have a question related to Renko that i think will be easily answered but i haven't seen the answer by reading yet, so i will ask.

Do the 1 minute charts that are originally used to load Renko script on need to stay open the whole time to keep updating the offline M2 chart?

I only ask as if the answer is yes, which i think it is, they do take up a lot of room on the bar.

Thank you to all for your time and efforts...
  • #3,992
  • Jul 31, 2009 3:09am Jul 31, 2009 3:09am
Quoting Trendy1
I'm sorry to interrupt this thread and have enjoyed reading and trading it a little bit so far, even though it is very long.

I have a question related to Renko that i think will be easily answered but i haven't seen the answer by reading yet, so i will ask.

Do the 1 minute charts that are originally used to load Renko script on need to stay open the whole time to keep updating the offline M2 chart?

I only ask as if the answer is yes, which i think it is, they do take up a lot of room on the bar.

Thank you to all for your time and...

Yes, you can keep the 1 min chart open but minimised.
  • #3,993
  • Jul 31, 2009 3:14am Jul 31, 2009 3:14am
Quoting Noel
Yes, you need to keep the 1 min chart open.
Quoting brucech
Yes. They need to remain open with Renko running on it. Must see the smilely face!
Thank you, although i see no smiley face but main thing is they are updating.
  • #3,994
  • Jul 31, 2009 3:20am Jul 31, 2009 3:20am
Oh.. That is because I have mine in the Expert directory.
There was a problem mentioned in the thread regarding updating...
so suggestion was made to put it in the Expert directory
and then attach it to the chart from there...
so smiley face...

Quoting Trendy1
Thank you, although i see no smiley face but main thing is they are updating.
  • #3,995
  • Jul 31, 2009 3:48am Jul 31, 2009 3:48am
Quoting winningfx
hi neill,

check out this post
http://www.forexfactory.com/showpost.php?p=2916699&postcount=3763

in it , edge talks about why e/u is not suitable for nitro trading after testing. same goes 4 the other pairs, i guess. as i think they don't yield the results edge is looking 4. thanks.
Thanks, Winningfx!

I did see that post. Edge said, "EU is not a Nitro pair of choice", but apart from testing, he didn't say why. I try to understand the thinking behind the suggestions offered by all so I can draw my own conclusions, do my own testing and adapt to changing circumstances. The market changes, as we have seen in the last year. Many large institutions with the best hardware, software, data and brains, that made millions in forex before, have failed. Adapt or die ... and its my money and future I'm trading.

Again, thanks to alll participating in this amazing laboratory!

Kind regards,

Neill
  • #3,996
  • Jul 31, 2009 3:54am Jul 31, 2009 3:54am
Quoting Syahmi
Hi guys....

Incorporating Renko script into HA candlestick....

Below is the template I'm currently using.....

1. HMA channel = Primer

2. smTrix = Detonator

3. T3MA lines = Providing support and resistance

4. Renko bar size = 5 tics

P/S : On your existing Renko 5 tics script, insert the template attached on top of that. But remember, you'll have to keep the 1 min chart running all the time.

Bingo.... now you have the Heiken Ashi (HA) template on top of Renko script...


Cheers !
Dear Syahmi,
all i can say is THANK YOU for this template !
  • #3,997
  • Jul 31, 2009 3:59am Jul 31, 2009 3:59am
Does MT4 have to stay on permanently in order to keep renco current. I switched my machines off last night and when put back on this morning had lost all previous days' indies. Any solution to this apart from keeping PC's on permanently??

Quoting brucech
Yes. They need to remain open with Renko running on it. Must see the smilely face!
  • #3,998
  • Jul 31, 2009 4:05am Jul 31, 2009 4:05am
Quoting strada
Does MT4 have to stay on permanently in order to keep renco current. I switched my machines off last night and when put back on this morning had lost all previous days' indies. Any solution to this apart from keeping PC's on permanently??
Put your renko script into the experts folder....NOT script folder....then drag the script into the 1min chart.... go to offline M2 chart... left click the chosen pair... bingo... you got the renko chart....

I don't have any problems like yours... when I switch on my MT4... it will continue updating.....

Cheers !
  • #3,999
  • Jul 31, 2009 4:06am Jul 31, 2009 4:06am
Quoting TudorGirl
Hi All

For those who wanted to see my setup....

And I am using "flatlining" to try to capture portions of runs as well....

Account up 47% in 36 hours. 34/36 winners ~95% accuracy.

Anne

Hi Anne

How does a screenshot of your winnings explain your set-up?

Its great that you are doing so well and that your intention is to share with others on this forum etc.

So on that positive note:

Can you explain your actual entry criteria as
you mention your system is a little more sophisticated than just a zero cross of the Sinc Cycle and that you a are also using POSITION, VELOCITY and ACCELERATION of the indy - can you enlarge on this for ALL of us on here please?

Also what is "flatlining", as I have never come across this term?

Also you mention an OCO set-up. What are you basing these entries? What are your entry rules and do you use indis for this etc.

We ALL look forward to these answers.

Law
  • #4,000
  • Jul 31, 2009 4:07am Jul 31, 2009 4:07am
Jazzman, you have done great with the settings, I appreciate it very much. I want to say that first... second, these optimized settings do look great but I have watched it repeatedly repaint a closed candle
where it showed a closed confirmed cross of the .1 level
in this case and then later changed it so it had never crossed.

I took off the signal cleaning and watched it do it again still.. so I am going back to the original settings, the default and see if those repaint the same way, just FYI.

Brian

Quoting JazzmanQ2
Still trying to work with TG Sync. settings 5, 35, True, 7, 3
Looks like a good way to filter out some bad trades!
Q
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