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C4 Scalping

  • #4,101
  • Jul 31, 2009 9:52am Jul 31, 2009 9:52am
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...
That was a good explanation Anne, I think I am understanding better now how this can work. thanks.
******************* I'd rather make money than be right.
  • #4,102
  • Jul 31, 2009 9:58am Jul 31, 2009 9:58am
Quoting SkyzerFX
Chris, thank you..

Tried your setup and boom 15 pips right there
SkyzerFX, quick question, did you manually add arrows on bottom indy or it's from SM Trix?
  • #4,103
  • Jul 31, 2009 10:02am Jul 31, 2009 10:02am
Quoting altoronto
SkyzerFX, quick question, did you manually add arrows on bottom indy or it's from SM Trix?
NO, it's a Trix, I just set all colors there same as my chart Background color

for the chart except the color 0 it's a top line ( I set color Blue in my example)

and color 5 and 6 - represents Error up and down
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  • #4,104
  • Jul 31, 2009 10:03am Jul 31, 2009 10:03am
Just putting the idea out there - could someone code an indicator that plots the acceleration and velocity of TG's indy? I've tried having a fiddle in MQ4, but my skills aren't really up to the task. Thanks in advance if anyone decides to have a go
  • #4,105
  • Jul 31, 2009 10:06am Jul 31, 2009 10:06am
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...

Thanks for the explanation. It is becoming clearer every day.
  • #4,106
  • Jul 31, 2009 10:07am Jul 31, 2009 10:07am
I have a fairly nice laptop with 2GB of SDRAM etc...

Does anyone else have problems with the Trix alerts freezing up MT4?

If I set 5 charts for alerts...when they hit...the whole thing locks up


Is there any solution...Really having just one alert set causes it to stop for about 15 seconds.
  • #4,107
  • Jul 31, 2009 10:09am Jul 31, 2009 10:09am
Quoting Chris_B
Yes...but i prefer TG Indy for now...i can "fine tune" it for each pair...
Hey Chris
What setting are you using on the MA??
Thanks
Mombone
  • #4,108
  • Jul 31, 2009 10:11am Jul 31, 2009 10:11am
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...
I don't see the symentric circles you are talking about .. could you post again and just circle the symetric circle that caused you to take the trade?
It looks like you are on to something...
******************* I'd rather make money than be right.
  • #4,109
  • Jul 31, 2009 10:13am Jul 31, 2009 10:13am
Quoting SkyzerFX
Somebody just mentioned earlier FXCM uk.. It's really that bad?
I'm planning to move there. Guys, anybody happy with FXCM?
Thanks

I use their Micro platform and moved over from their US platform because of the new NFA rules. I am happy with their micro platform, but I can't speak for their non micro accounts.
  • #4,110
  • Jul 31, 2009 10:19am Jul 31, 2009 10:19am
"FRB" indy works good by printing trillions of $$USD,
Dollar running into the ground just touched
$1.42 no need to worry

Thanks for feedback on FXCM, guys..
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  • #4,111
  • Jul 31, 2009 10:19am Jul 31, 2009 10:19am
I have been on my vacation for some days in a place where we do not have internet connection and even mobile phone is almost not working Fortunately, there still are such places even not far from my home

What I have been working on while offline is the possibility to trade Renko with one Trix and two MAs. I am going to show one version - see chart.
What I have there is current Trix 3,1,1,1 (in the form of Sm Candles), LWMA12 (pink), LWMA48 (dark red) and Renko 5-pip bricks.
If LWMA12 is above LWMA48 then enter only long, if vice versa - short.
Entries are marked - entry is when Trix is blue/red and candle closed accordingly up/down. After each retracement - re-enter.
Green lines mark the winning trades, red lines losers. The first red one is definitely not avoidable but the second one could not be taken as the trend is too mature already.
So, overall score on this chart is 9:2 or 8:1, depending on if the second loser was taken.

Anyway, I think that this 2-MA system is one good way to filter out bad trades.
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  • #4,112
  • Jul 31, 2009 10:26am Jul 31, 2009 10:26am
Quoting 4xStar
I don't see the symentric circles you are talking about .. could you post again and just circle the symetric circle that caused you to take the trade?
It looks like you are on to something...
Not circles...but cycles....
If you watch that image you can see in the hilighted area what i'm talking about...but it was only a consideration...i'm not using any cycle to trade...

I think i've demostrated with my today's trade that you can use Nitro without go in complicated mathematics...

TG indy is ok with the right settings...and now we know that a Stochastic 8,1,1 does quite the same work...

In my charts i've explained the pattern that i use as detonator...it works well because it tells you that the the price is going to move...but is the price that gives you confirmation...

For Mombone... you see the MA but today i was not watching the MA or the TRIX candles, only PA and TG Indy...

But the most important thing is your finger...when the price is moving...it moves very fast...so you have to be ready and don't esitate...

So...watch the PA, watch the indy, when you see the pattern and when you see the price moving...push the plunger!!

If you want to use a MA...yo can do it...but you will never find the "perfect thing"...

Today i'm satisfied...yes, for the first day i'm 100% satisfied of my trades with NItro (as i was with c4)...

ooopppsss...mmm...95% satisfied
Market is like a puzzle, YOU have to fit the pieces!!
  • #4,113
  • Jul 31, 2009 10:28am Jul 31, 2009 10:28am
EURUSD- wow. parabolic move
I though we get to 1.43 Monday? Maybe even today, - we'll see.


that' it, - sold
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #4,114
  • Jul 31, 2009 10:38am Jul 31, 2009 10:38am
Quoting Gleneagles
Edit: Oops I am on 5 digit broker, I overestimated the results

hi glen,

that is a killer. hahahahalol

awhile ago, i was reading a thread n members talked abit about their countries crime rate.

a german member said " crime, what's that? if a idiot came up with cheese 2 rob me. i'll shoot the mf "

then another member replied with " put down the cheese ". hahahaha
  • #4,115
  • Jul 31, 2009 10:43am Jul 31, 2009 10:43am
Is there an edited renko script available somewhere that keeps the tails on the chart visible ? (for backtesting purposes)
  • #4,116
  • Jul 31, 2009 10:45am Jul 31, 2009 10:45am
Less = More
Less = More!
Less = More!!
Less = More!!!

Slowly but surely I am getting it!! This week was the first week in months that my account ended positive. Iin the past I would make a bunch of money usually by Wednesday, then in one day lose it all back and more.
I was going after the bigger moves .. I did not want to 'leave pips on the table' .. and it was killing me!

Now I still battle daily the single remaining biggest enemy: myself (and my old bad habits) but gradually the new 'self' is defeating the old 'self'.
I am seeing the proof that less really does equal more ..
and today, thanks to some explanations by Anne, Chris and others I began to understand the power of momentum which can be seen on either a C4 or renko chart.

If a pair starts to move .. and if it will end up going 40, 80, 150 pips or more (which many pair do each day)... then catching an early 5-10 pips of that move is a snap!

The problem is beating down the part of me that still says ... "but wait, there are so many more lovely pips to be had on that move!"

So what? If I can 'easily' catch 5-10 pips in 5-10 trades over a 3-4 hour period .. and I do that consistently every day with compounding ... who the frig cares about the pips that 'got away!'

I'm going to have a nice retirement after all .. thanks Edge & all contributors.

PS My plans include adopting more children through Children International, at present I can only afford one .. but plan to eventually have a dozen or more.
And I have lots of other philanthropic ideas .. my goal for many years has been to one day become a 'Visionary Philanthropist".
******************* I'd rather make money than be right.
  • #4,117
  • Jul 31, 2009 10:45am Jul 31, 2009 10:45am
nice easy pips
done for now
have a nice weekend all
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  • #4,118
  • Jul 31, 2009 10:47am Jul 31, 2009 10:47am
Quoting SkyzerFX
EURUSD- wow. parabolic move
I though we get to 1.43 Monday? Maybe even today, - we'll see.


that' it, - sold
Yeah I caught 10 pips of that move three times using the 'flatline' function of the TGSS with Chris's settings (I think it was Chris who came up with the 8, 40, false, 1, 2.3 (he uses 2.0, I am trying 2.3)
******************* I'd rather make money than be right.
  • #4,119
  • Jul 31, 2009 10:51am Jul 31, 2009 10:51am
On Renko everything repains here is the example

Trix was RED on HM was RED and everything and Sinc was under 0

and then everything just turns around and that's it.

I moved a Blue line one bar over to the right, so you can see

7 trades taking 6 loses 1 win ( playing on pennies now ) No risking

big Dollars unless I see something is really working... Buy and hold works
trading don't ( for me).. I know cannot take LONG dollar, but I simply trying to play the chart.
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  • #4,120
  • Jul 31, 2009 10:59am Jul 31, 2009 10:59am
Quoting Chasem
I feel like I'm the ONLY person not getting success with this... Must be operator error

I am however finding my mistakes in trading, that have absolutely nothing to do with the system. All that comes down to having a handy trading journal that outlines my success and failures....
Chasem, I had the charts setup as you do and found no success with it at all, too many false signals. Try setting up as I have it below. The MA is the same as yours but setup as 12 3 6 and the signal arrows on the actual chart are DXTrade C4 set at 4. In the time yesterday between 8am - 10am EST (12 - 2 GMT)you would have had just 2 signals and they were both winners if going for 5 pips, 1 buy and 1 sell. Today on EU you would have had 2 signals again, 1 buy, 1 sell, both winners.

I would also say, the 10 pip stop loss maybe a bit tight, sometimes it needs more room to move before it goes into profit, I have a mental stoploss of 20.
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