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C4 Scalping

  • #4,081
  • Jul 31, 2009 8:38am Jul 31, 2009 8:38am
Quoting Chris_B
Ok Folks!!



Settings can be 8,40,false,1,2.0

It's not 100% hit rate..but it's good...try it guys!!
Hi Chris,

nice observation, thanks for it!!! I just backtested over some pairs. It could be a 100% setup, but need a "primer".

MA is fine, but need a clear color (red or green. I think it works better with "HMA_Color_nrp" default setup.

What do you think?

GrZack
  • #4,082
  • Jul 31, 2009 8:38am Jul 31, 2009 8:38am
Here's another...and the the today trades.....

95%????

I hope...
Attached Image (click to enlarge)
Click to Enlarge Name: tg_indy4.gif Size: 49 KB
Market is like a puzzle, YOU have to fit the pieces!!
  • #4,083
  • Jul 31, 2009 8:40am Jul 31, 2009 8:40am
Managed a few manual trades early with both plans.

Pretty good signals, even around a news release. Don't give a damn which indi's you use, they all CONFIRM the same thing. WHAT IS THE PA doing?

This is the one and done plan. Get them and get out!

That was the good news.

The bad news is that I am reviewing (yet again) the postings over the last 8 hours or so. They are of such poor quality as to amaze even me. It will take a bit, but I believe a 'general' posting will be forthcoming addressing many of these pissing matches a few really seem to thrive on. Really sick of asking for professionalism and getting grade school conduct.

Gimme this, gimme that, he said, she said, did you hear this?, did you hear that?, so-and-so said this. This is nauseating!!!!!!

Glad to see a 'few' actually trading still here in 'Peyton Place'.

Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: c4.jpg Size: 159 KB
  • #4,084
  • Jul 31, 2009 8:41am Jul 31, 2009 8:41am
Quoting GrZack
Hi Chris,

nice observation, thanks for it!!! I just backtested over some pairs. It could be a 100% setup, but need a "primer".

MA is fine, but need a clear color (red or green. I think it works better with "HMA_Color_nrp" default setup.

What do you think?

GrZack

I'm not using MA
I'm not using TRIX
I'm watching only the closes of renko ant the indy pattern...

Probably with a good filter it can reach 100%
Market is like a puzzle, YOU have to fit the pieces!!
  • #4,085
  • Jul 31, 2009 8:50am Jul 31, 2009 8:50am
Quoting DXTrade
Well guys, here the update of the info panel.
I took of the candle time as it takes resources and isn't working anyway on renko charts.
And I took of the Trix Trend as either you have the trix candles or my arrows which shows you the cross as well.
But I added the TG-SSC values... maybe that helps...
You need the "TG-Sinc-Spectrum-Cycle.ex4" with exactly that name in your indi folder.
Have fun...

DxTrade,

Thanks for the update...really appreciated.http://www.forexfactory.com/images/icons/icon7.gif

However, if we change the parameters on the TG_SSC away from the default, your TG_SSC values does not tally with the new yellow line.

Please have a look when you have time.

Regards,

dngfx
  • #4,086
  • Jul 31, 2009 8:59am Jul 31, 2009 8:59am
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 !
Holy crap that moves fast!!!
Mombone
  • #4,087
  • Jul 31, 2009 9:03am Jul 31, 2009 9:03am
Can't you see some "symmetric cycles" in the indy?

It happens often...when the cycle in the indy closes...the cycle in the price changes...
Attached Image (click to enlarge)
Click to Enlarge Name: tg_indy5.gif Size: 13 KB
Market is like a puzzle, YOU have to fit the pieces!!
  • #4,088
  • Jul 31, 2009 9:15am Jul 31, 2009 9:15am
Another +5 on the "beast"....

fantastic!!

When the indy does that pattern...the price is gaining momentum and....boom!!

All trades done in a few seconds....
Attached Image (click to enlarge)
Click to Enlarge Name: tg_indy6.gif Size: 13 KB
Market is like a puzzle, YOU have to fit the pieces!!
  • #4,089
  • Jul 31, 2009 9:19am Jul 31, 2009 9:19am
Quoting Chris_B
Can't you see some "symmetric cycles" in the indy?

It happens often...when the cycle in the indy closes...the cycle in the price changes...
Stochastic with 8,1,1 settings and 50 level
"The only successful substitute for brains is silence."
  • #4,090
  • Jul 31, 2009 9:21am Jul 31, 2009 9:21am
I know i said i was done but couldn't stop my self...... risking being told off by teacher here as well !

Another 3, simple crosses of Trix with Ma change.

10 for 10. 50+ today.

Am done now, really, honest i am.......

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: 3.gif Size: 76 KB
  • #4,091
  • Jul 31, 2009 9:23am Jul 31, 2009 9:23am
Quoting DXTrade
Stochastic with 8,1,1 settings and 50 level
Yes...but i prefer TG Indy for now...i can "fine tune" it for each pair...
Market is like a puzzle, YOU have to fit the pieces!!
  • #4,092
  • Jul 31, 2009 9:23am Jul 31, 2009 9:23am
Quoting TudorGirl
Hi - Sorry if I missed the earlier post. It is getting harder to wade through the stuff on here...

Momentum, as I am sure you know, is simply defined as M(k) = Price[now] - Price[k bars ago]. My indy, which uses Fisher to sharpen the slope, acts like a proxy for price. You can see this effect also if you say put on a stoch with a long period. It just basically follows price.

But it eliminates some of the whipsaws. So as many have found on this thread, if you get a powerful move it often follows thru by 10 pips or more. So when the indy moves...
Hi Anne, thanks for that explanation. So if I understand correctly, you have basically found that when the acceleration and velocity of your indicator hit certain levels you can be assured (within reason ) of 10 pips or so?
  • #4,093
  • Jul 31, 2009 9:24am Jul 31, 2009 9:24am
All over the shop today. Not happy

First trade against price action. Second trade with. Both however outside market hours. Paid the ultimate price. (-7, -12)

Third trade entered one bar too late missing the big move (-6)

Fourth and fifth trade taken after the 8:30 news with price action (+10, +10)

Last trade was terrible. Shorted against price action and then got cold feet. Pulled the plug for a loss of -9.

Have to eliminate any trading before 7:00 EST. Period!

Have a good w/e all.

Chart attached.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.31.07.09 chart.jpg Size: 95 KB
  • #4,094
  • Jul 31, 2009 9:40am Jul 31, 2009 9:40am
Looking at the Renko chart thinking maybe
I'd just trade HMA_color_nrp indy and that would be
pretty much like a swing (mid term) play.. Stop loss I think
should be wide in this case 40 pips + but wins could be 100 +

Have an Alarm on that "HMA_color_nrp" could be very good, but
there is no Alarm in settings, someone must program that..

Cause really trading is good, but longer term even better
I just bought EU 2 days ago like a Stock, and piling up money without trading
I'll sell it at $1.4280 or so just below $1.43 it will be there Monday-Tuesday..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #4,095
  • Jul 31, 2009 9:40am Jul 31, 2009 9:40am
HAHAHHAHA!!! i like it

Quoting Gleneagles
After a lot of " hard thinking " I have realized that in order for me to contribute anything of value on this thread...I simply must have an EA.

1) Edge has one...he told us already
2) Anne has one..she posted some great results
3) Swingman...( I suspect he is a " closet EA trader)
4) Gleneagles.....nothing at all

I feel inadequate and incomplete as a trader with no EA. My inbox only gets about 10-15 mails. I have nobody to fight with on the thread and nobody begs me for source code.
  • #4,096
  • Jul 31, 2009 9:42am Jul 31, 2009 9:42am
Quoting SkyzerFX
DryClean, please explain on your 4 screenshots there
When TRIX signal triggers your TG Sinc mostly at 0
I don't see it's been useful in your example there? Most likely
settings are wrong or, otherwise, how do you use "TG Sinc" there
In what condition you Enter the trades?

Thank you.
for a buy - - - Bar is green ma line is blue
Trix is arrow up then wait for green bar
Sinc wait for the cross above 0 line

for a sell - - - Bar is red ma line is red
Trix is arrow down then wait for black bar
Sinc wait for the cross below 0 line

When Sinc ridding 0 line I stay away . . . consolidation

candles 3 1 1 1 0
ma 8 3 6
Trix 3 1 1 1 0
Sinc is 5 35 true 7 3
  • #4,097
  • Jul 31, 2009 9:43am Jul 31, 2009 9:43am
WHat are the variables that you are passing to the indi? The third paramter should be a true or false.


Quoting DXTrade
Does anybodx know how to call the TG-SSC with the iCustom function?

I tried:
iCustom(NULL,0,"TG-Sinc-Spectrum-Cycle",TDSSC_History,TDSSC_Bias,TDSSC_Clean,TDSSC_Length,TDSSC_Parameter,0,0);
but that doesn't work.
  • #4,098
  • Jul 31, 2009 9:46am Jul 31, 2009 9:46am
Could you please give an example of what you mean here? Not so much with SM indi's solely, but when referring to them and trying to extract arrow positions, it seems down arrows are ignored. Any help here would be greatly appreciated!

Quoting TudorGirl
OK. Don't know what to suggest - I am calling it just like you. Indy name followed by the five parameters.

Just is case the compiler is type-sensitive, the parameters are:

extern int H
extern double B
extern bool Clean
extern int L
extern double K

Perhaps if you get the type wrong it fails...

Hope that helps.

Anne

PS. Just a thought for those trying to call Swingman's indys with iCustom(). Even if you just want +/-1 etc for arrows, MT4 seems to force you to return a buffer of type double. I have noticed one of two weird effects if you...
  • #4,099
  • Jul 31, 2009 9:49am Jul 31, 2009 9:49am
Edge explained in Post #1 of this thread that the intent of this thread was to give us, the “Average Joe” a viable trading strategy which, if we learned to work with it correctly would afford us a decent living and a point from which to expand our skills in becoming more proficient traders.
He used the analogy of becoming a demolitions expert and aptly named this strategy C4 for the well known destructive plastic explosive used in demolition.
In another post, Edge stated that trading is 75% mental and 25% mechanical. I believe the same would hold true for being a demolition expert. You need to know how to handle the stuff, wire it correctly, and place it correctly to inflict the most damage. Having been an explosives expert in the past (a kid blowing things up with firecrackers – and lived to tell about it ), I believe that I can contribute some wisdom here that will help focus the thread back to its original purpose – of becoming demolition experts, or in this case much better traders.
Edge stated in Post #1 that you need three things – a Primer, a Detonator, and a Trigger (Push the button). So let’s look for a moment at each of these items and how they relate to our trading.

Primer – In Encyclopedia Brittanica it states “a primer is an easily ignited low explosive that produces the shock wave, and the term primer, or priming composition, denotes a substance that produces a sudden burst of flame to ignite the detonator. The primer may be set off by the brief application of heat.” Our primer is the Scalper Candles and the Moving Average that Edge and Swingman provided. These are nothing more than indicators and you can use them or any flavor you like. It’s like using a fuse, or a blasting cap, or a book of matches for that matter. Use whatever gets the job done! (Remember innovate, adapt, overcome!)
Detonator – The infamous Wikipedia states that “A detonator is a device used to trigger (http://en.wikipedia.org/wiki/Detonation) an explosive device (http://en.wikipedia.org/wiki/Explosive_device). Detonators can be chemically, mechanically, or electrically initiated, the latter two being the most common.” Edge and Swingman again provided the TRIX indicators in a multitude of flavors for us to use to trigger the explosive device. Again, we use the indicator to confirm a viable trade setup and we are ready for the next step.
Push the Button (Trigger) – Remember Wiley E. Coyote setting up the bundle of dynamite under the bird feed for the Roadrunner? He had a couple of wires running to this T-handled device which he then pushed on (and pushed on and pushed on expecting an explosion). This is simply us entering the trade at the correct time.
Now, because Edge gave you the tools, he as the instructor has tried to explain and teach you how to best use the tools to the greatest advantage. He also left open enough room for individual critical thinking, but within the parameters of how best to use the tools afforded to do the job. Handling explosives is dangerous work and handling the tools of trading is just as dangerous to your finances. Irresponsibly handled and you get disaster in either the explosives or trading scenario.
So consider that neither Edge nor anyone else can tell you how to correctly use the tools in every possible situation. That is where intellect and critical thinking must be applied to the situation. Every signal that shows itself gives you 5 minutes to assess it and make a decision (5 minute chart). If you have conviction in the signal, you take it, make the trade, and get out. If you don’t, or your timing is off, you can get “blown up” (i.e. a losing trade).
Here are some small details I have noticed when using the C4 plan.
When a signal has presented itself and I am ready to push the button, I look at the tick chart and wait for a pullback of at least the pip spread before entering the trade. This often times helps me make my profit target. Think of it as waiting for the train to cross the bridge before pushing the button. (From the analogy in Post #1.)
I have started using ATR to set stop losses as in volatile periods it keeps you from getting stopped out before reaching your profit target. Price is never going to cooperate so leave room for it to maneuver.
On some currency pairs, particularly involving the Yen, whole numbers, quarter and half numbers are natural points of resistance where you will see price fluctuate. Daily pivot points and support/resistance levels are also places where price will fluctuate. Plan your trades accordingly so that you don’t enter a trade beyond where the natural fluctuation will occur (unless price action is strong enough to overcome the S/R level).
Most of the pairs that Edge has recommended trading correlate with the DOW so keep an eye on it as well. DOW is up, USD is down.
Don’t worship the instructor. There is a point where he will have taught you everything you should know. It is your responsibility to become proficient at applying what he taught. Then, if you decide to pursue other skills, you can seek out other instructors who teach the desired skill. If you become an expert, take the time to teach others along the path to enlightenment.
Don’t get bogged down in the discussions of which primer, detonator, trigger is best or most versatile or coolest to use. Take what will get the job done and do it. When you send a Navy Seal on a mission with a pack of C4 and a set of primers, he can’t stop by the local Kame-A-Part store and select from a plethora of others. He uses what he has; innovate, adapt, overcome! In like manner, we can use successfully the tools supplied and do a great job of trading.
Happy (Profitable) Trading
4XTrader2
  • #4,100
  • Jul 31, 2009 9:51am Jul 31, 2009 9:51am
First off ......thank you edge, tudor,swingman and everyone else! SAME story I have been seeing through out this wonderful thread! I am pretty new to trading, bout a year or so. I have found a trading style that fits my lifestyle. I have been using c4 for about 2 weeks and my acct is steadily growing(just slowly as I still am gaining confidence). This thread rocks as i have been a luker to ff for a long time. this is my first post and prolly the only thread i care to look at any more, yes there are times when ppl are flaming each other ...seems we cannot get away from the fluff! In comprasion to other threads this is still the best i have seen, hell other threads are simply garbage with no insight at all. lol even though this reply is pretty redundant I thought maybe edge and some of you needed some positive words considering a recent post by edge( post 4101)........THERE ARE SOME OF US WHO ARE VERY GREATFUL!!!!!!!!!!!THANK YOU ONCE MORE.....hopefully someday soon I can contribute to you hip cats and return the favor but as for now I simply the donkey trying to make my way and learn!
I got maths..
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