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C4 Scalping

  • #4,241
  • Jul 31, 2009 6:36pm Jul 31, 2009 6:36pm
Quoting Pardy
Two, how can you have negative tp, since mt4 will reject the trade saying Invalid tp/Sl.
What are you referring to here? Which trade?

Have seen negative tp mentioned about the statement before, but paid little attention.

Just looked over the statement and see no such thing. Care to point it out?
  • #4,242
  • Edited 7:12pm Jul 31, 2009 6:45pm | Edited 7:12pm
Quoting Pardy
To be fair, you need to marry up her broker times with yours to make a valid comparison ( unless of course you've done that)
What bothers me about the statements are two things.
You, people are still in denial. Any broker will show that After she/he/whatever
took that trade (#3 from top of her statement) SHORT I'm talking about (see Blue line cross 1 min chart used to show you
details)

a) There was an uptrend
b) no stop loss was used
c) Trade went against it 16 pips!!!
d) obviously she don't use any indicators she post here
as trade was simply against them ALL
e) She/he/EA sits 3+ hours under water?????
f) STOP TALKING ABOUT BROKER

She using Alpari UK, but it DON'T matter, as trade was taking
"QUITE" time She/EA sits Underwater for almost 3 hours
without SL while she "sleep"???

Dude, don't trust me, just draw your freaking chart and see for yourself!!!!

Her result is nothing but back manual trading

There is no freaking way any human being would survive that up trend
and wait 3 hours for 10 pips profit (talking about scalping here?).. You'll probably got hard attack by then...

Are you guys blind or what????

1 min Chart showing to see details ( see 2 blue lines cross when "she/he, whatever took their "SHORT" Anybody with "Alpari UK" also draw that freaking chart and post it here...
at 07.30 1:45 ($1.4053 "SELL") Common now!! I never question SwingMan nor Edge.. !!!
As they are showing real charts and real pips they scalp....
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  • #4,243
  • Jul 31, 2009 6:45pm Jul 31, 2009 6:45pm
Well, just woke up and read the last 10 pages or so...

Guys, I'm reading Forex Forums now since 5 years and strangely enough it always comes back to the same problem:
Some genius (and I mean it!) is setting up a great trading system (not every system is fitting to every personality) and x months later nobody even remembers the 1st page and everybody is doing his own system.
The originator generally doesn't post anymore, trading quietly and profitably his system from post 1 !!!
So those in need of money for their families, those who want to just trade for some extra money.... take whatever thread you like, read post 1 and apply it.
Generally it's working fine.

The C4/Nitro from Edge is a system which fits perfectly in my style of trading.
So I took my own advice and had a look at the 1st post.
Back to the roots.
On my chart is just the MA 8,3,6 and my arrows set at 3,8,8
That is the earlier setting of the Trix at 3, not at 2!

Buy if arrow and MA = Blue
Sell if arrow and MA = Red

If someone can not make +5 in 95% of the cases, then I maybe miss something somewhere.
For me it's working perfectly!

Thanks again Edge... great stuff I got here from you!
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"The only successful substitute for brains is silence."
  • #4,244
  • Jul 31, 2009 7:00pm Jul 31, 2009 7:00pm
Quoting paidperpip
I would like to take this opportunity to thank all of those people on this thread who have a personal vendetta that this not directly related to improving their own trading success, and contributing to the success of others, but rather an ego driven desire to win the latest pissing competition.

It is through your inability to keep your big yaps shut that drives away people from this thread. What were you hoping to achieve? Did you set out to ensure that contributors like Anne would eventually pack up their kit and go home? Well, thanks for that!...
Well said! I care about learning how to trade effectively and consistently so I can take better care of my family. If I only learn one or two things from someone that will help me, then I am grateful. Why some people found it necessary to post personal attacks instead of focusing on what is important is beyond me.
  • #4,245
  • Jul 31, 2009 7:07pm Jul 31, 2009 7:07pm
Quoting nsteve
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...
If Edge from his testing and clonclusions, determined that EU is not a Nitro pair of choice and doesn't fit some criteria, then why is it the only pair currently being traded by Tudor Girl with her EA? She is categorizing her method as Nitro and has chosen this pair because of its favorable characteristics. Hard to argue with 95% correct trades and the Euro has the greatest liquidity and thus the tightest spread as an extra bonus.
  • #4,246
  • Jul 31, 2009 7:07pm Jul 31, 2009 7:07pm
Quoting PhilBeachBoy
[b]Regarding the statement that the application of the C4 and Nitro variants is 25% mechanical and 75% due to trader discretion; I wholeheartedly disagree. If we believe that several EA's have already been crafted, such as Tudor Girl's that are performing near 100% correct, then logic follows that such an EA is 100% mechanical as is the nature of a coded trading system. If the computer code mimics decisions that look like discretion, it is only within the code pathways, programmed into the system. Once an EA is wound up and it's...
Very good posting and thanks.

Am going to stick to my continued assertion that trading this method as designed is still a 25/75% mech./mental trading plan. As there is not one ea promoted on the thread that can produce at any level of consistency, there is no alternative at this time other than to trade each signal manually, which of course demands human discretion as to initiating and completing the trade.

Thus, we have quite a large gap between the 'if we believe' or 'POSSIBILITY' camp and that of actual fact as of this posting. Naturally, and as you are reading the thread and can easily ascertain, many are working feverishly to develop a robot that would, of course, change the playing field and make each and every statement you have made 100% accurate.

On the other hand, both myself and others have readily admitted that there are a few high quality ea's available to use in a augmented capacity that would be beneficial to all who choose to trade the methodology. Unfortunately, they are somewhat costly and many here are not financially capable of such monetary outlay at this particular time. Many here are relatively inexperienced in trading the financial markets and this modest plan was set forth so as to give them a simplistic approach in which to follow, gain confidence in ability and grow into consistent traders should they so choose.

Again, while not attempting to enter into actual debate, the fact does remain that nobody here has such an ea that has been made available to the thread followers as of this time. As such, human discretion continues to play a large roll in trading either C4 or Nitro presently.

Highest Regards.
  • #4,247
  • Jul 31, 2009 7:09pm Jul 31, 2009 7:09pm
Quoting SkyzerFX
You, people still in denial. Any broker will show that After she/he/whatever
took that trade (#3 from top of her statement) SHORT I'm talking about

a) There was an uptrend
b) no stop loss was used
c) Trade went against it 16 pips!!!
d) obviously she don't use any indicators she post here
as trade was simply against them ALL
e) She/he/EA sits 3+ hours under water?????
f) STOP TALKING ABOUT BROKER

She using Alpari UK, but it DON'T matter, as trade was taking
"QUITE" time She/EA sits Underwater for almost 3 hours
without SL while she "sleep"???...
Skyzer, if you read my post you will realise that I have major doubts as to the veracity of her posted statements. I questioned them in an earlier post as well, plus my post that you refer to.
I do not understand all the adulation that is being bestowed on someone who refuses to answer straight questions, refuses to give her own settings for an indicator she has posted. So what has TG exactly delivered? The HG indicator which turned out to be the macd-cci, and the vorticity supposedly the product of high-tech mathematics that turned out to be rather similar to inverse fisher transform. The talk of a supposed not to be released to the public ever Ea that is the same kind of talk as was on the TM thread.
It annoys me that here are people who need help in a tough business in a tough economic environment, there are many here willing to help and do help with everything they can, yet everybody wants to chase somebody who from what i see is clearly not of that nature.
regards
  • #4,248
  • Jul 31, 2009 7:17pm Jul 31, 2009 7:17pm
Quoting PhilBeachBoy
If Edge from his testing and clonclusions, determined that EU is not a Nitro pair of choice and doesn't fit some criteria, then why is it the only pair currently being traded by Tudor Girl with her EA? She is categorizing her method as Nitro and has chosen this pair because of its favorable characteristics. Hard to argue with 95% correct trades and the Euro has the greatest liquidity and thus the tightest spread as an extra bonus.
The EU pair is fine for those who wish to trade it. It simply was outperformed in the Nitro trading format by a total of eight (8) other currency pairs. Nitro is designed based upon a pairs ability to consistently hit a preset TP level. The pairs I set forth (with the exception of UJ) maintain the ability to so in a much more expeditious manner. This factors in well with my own trading philosophy of as diminished market exposure time to a trade as possible. UJ was a substitute for GY due to many individuals mental issue with trading such a large spread, higher volatility pair.

Regards.
  • #4,249
  • Jul 31, 2009 7:22pm Jul 31, 2009 7:22pm
Quoting DXTrade
Well, just woke up and read the last 10 pages or so...

Guys, I'm reading Forex Forums now since 5 years and strangely enough it always comes back to the same problem:
Some genius (and I mean it!) is setting up a great trading system (not every system is fitting to every personality) and x months later nobody even remembers the 1st page and everybody is doing his own system.
The originator generally doesn't post anymore, trading quietly and profitably his system from post 1 !!!
So those in need of money for their families, those who want to just...
Yep, best to keep it simple for a while. PA crosses a MA and has confirmation. Here is old school from today as posted earlier. Lots of time lost to indi envy on the thread.

Regards.
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  • #4,250
  • Jul 31, 2009 7:24pm Jul 31, 2009 7:24pm
Quoting Dewey McG
Well said! I care about learning how to trade effectively and consistently so I can take better care of my family. If I only learn one or two things from someone that will help me, then I am grateful. Why some people found it necessary to post personal attacks instead of focusing on what is important is beyond me.
Than was a good rant if I do say so, and some good points made. Suffering from 'rant envy' myself now.

Regards.
  • #4,251
  • Jul 31, 2009 7:32pm Jul 31, 2009 7:32pm
Quoting Pardy
Skyzer, if you read my post you will realise that I have major doubts as to the veracity of her posted statements. I questioned them in an earlier post as well, plus my post that you refer to.
I do not understand all the adulation that is being bestowed on someone who refuses to answer straight questions
Exactly.. I just spend few moments of my time taking single
trade of her "EA" to investigate.. Anybody thinking that 75% profit
in 48 hours with confident is possible are simply brainless.
I don't think 2% daily is sustainable, based on reality..
Have a good weekend and pips of course next week.
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  • #4,252
  • Jul 31, 2009 7:35pm Jul 31, 2009 7:35pm
Quoting DXTrade
Generally it's working fine.
DxTrade, could you please post your template? It looks very
cool, nice colors too, - Thank you.
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  • #4,253
  • Jul 31, 2009 7:37pm Jul 31, 2009 7:37pm
Edge, I did notice some changed settings in your previous post. One was the Trix and the other the MA. Are those settings recommended for all pairs & have you switched from the MA in Color?

As a side note, I do like the introduction and discussion of new indicators, but it sure does take up a lot of thread space. I'd hate not to have people bringing forth new indicators because we wouldn't even have some of swingman's fantastic indicators, or a whole host of others if there was a complete ban on them. On the other hand, your insistence on the indicator being proven is certainly a worthwhile one to eliminate the chatter and discussion of indicators that don't pan out.

That brings to mind the recent introduction of Tudor Girls latest indicator. It was not "proven". I see many claiming it appears to work, and others toying with different settings. I tried the darned thing and find that on a renko chart the last small line moves like crazy when the price is oscillating. I got dizzy watching it go up and down like a railroad crossing bar gone haywire. How can one trade such a thing? Sure, it looks great on a chart. So does a Level 3 Semifor that sticks at the high and the low.

So, will we now have a week or more of discussion on this newest indi by Tudor Girl, when she's not even going to be around to say how she uses it, how she tested it, how it works? I would like to be spared from that, at least until such time as someone can PROVE first that it WORKS, and secondly, HOW it works, so that the average working stiff can understand it.
  • #4,254
  • Jul 31, 2009 7:53pm Jul 31, 2009 7:53pm
Quoting SkyzerFX
DxTrade, could you please post your template? It looks very
cool, nice colors too, - Thank you.
Sure... here you go!
Attached File(s)
File Type: zip DX Tpl & Ind.zip   26 KB | 1,393 downloads
"The only successful substitute for brains is silence."
  • #4,255
  • Jul 31, 2009 8:08pm Jul 31, 2009 8:08pm
DXT, if one were to buy at every arrow on your chart, there would be a problem. There are two red down arrows where there was just one renko candle before it went back up. Those arrows can disappear on you if the price goes back the other way by a pip or more, meaning you can't really enter as soon as the arrow shows. But, assuming a perfect entry at the arrow and figuring in the spread, there could be two losses out of the 12 possibilities on the chart, when spread is calculated in. I don't know what you figure as a general rule of thumb for stop loss on tghis particular pair. Let's figure it at 25, making a loss of 50 pips for the two losses. The other 10 were winners at 5 pips equals 50 PIPS.

This post is not to diss you, or this system in the least, and I trust that both you and Edge know that. This is a legitimate question that comes from real live trading and not demo trading. Set your stops too tight, and you miss out on some of those trades on your chart that kept running. It won't show on your chart, but stops of less than 20 would have been takien out when the spread is factored in. Therefore, it would not be a win rate of 95% depending on what stop you use.

Yes, with a large enough stop and with factoring in less than ideal entries (not exactly when candle appears), your chart shows a win rate of 10-2. But, only with a large enough stop loss. Just throwing this out for discussion. If you were to follow the system, you'd have to take the trades where the arrows appeared. I haven't checked to see if at that particular time they were in fact winners or losers. I don't think it matters. In the long haul, you're going to get those arrows appear when it's good for only one brick.

The question is...how do you deal with the one brick only situation? How far do you let it go the other way before closing out? You have to have a definite stop. What would it be? On a 5 pip TP, do you let it go 5 times against you (25 pips)? Do you let it go 4 times against you? Do you agree we need to have set rules for this, so that we can define a trading plan?
Quoting DXTrade
Well, just woke up and read the last 10 pages or so...

Guys, I'm reading Forex Forums now since 5 years and strangely enough it always comes back to the same problem:
Some genius (and I mean it!) is setting up a great trading system (not every system is fitting to every personality) and x months later nobody even remembers the 1st page and everybody is doing his own system.
The originator generally doesn't post anymore, trading quietly and profitably his system from post 1 !!!
So those in need of money for their families, those who want to just...
  • #4,256
  • Jul 31, 2009 8:15pm Jul 31, 2009 8:15pm
I'm a little more Conservative and am trading the c4 with a 12/3/6 ma and Trix set to 4/1/1/1. Was a very good week with this set up. let me know what you think.
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  • #4,257
  • Jul 31, 2009 8:36pm Jul 31, 2009 8:36pm
Quoting f4mnect
I'm a little more Conservative and am trading the c4 with a 12/3/6 ma and Trix set to 4/1/1/1. Was a very good week with this set up. let me know what you think.
Great job f4mnect,

I think more here should follow your lead and stick to the basics.
The indicator trap is busy working it's mind control magic like always,

Glad you had a Very Good Week.

More is Less / Less is More.....
  • #4,258
  • Jul 31, 2009 8:40pm Jul 31, 2009 8:40pm
Quoting Egros
Here is the picture
please refer to post 4251 - looks very promising
  • #4,259
  • Jul 31, 2009 9:18pm Jul 31, 2009 9:18pm
Hey f4mnect thanks for posting your settings, I'm going to try these next week to try and reduce fake-outs.

How many trade opportunities did you take per day?

I'm trading from 8AM-10AM Every day. Hopefully this will give me a solid 1 or 2 trades in that time

Quoting f4mnect
I'm a little more Conservative and am trading the c4 with a 12/3/6 ma and Trix set to 4/1/1/1. Was a very good week with this set up. let me know what you think.
  • #4,260
  • Jul 31, 2009 9:38pm Jul 31, 2009 9:38pm
Quoting paradoxical
DXT, if one were to buy at every arrow on your chart, there would be a problem. There are two red down arrows where there was just one renko candle before it went back up. Those arrows can disappear on you if the price goes back the other way by a pip or more, meaning you can't really enter as soon as the arrow shows. But, assuming a perfect entry at the arrow and figuring in the spread, there could be two losses out of the 12 possibilities on the chart, when spread is calculated in. I don't know what you figure as a general rule of thumb for stop...
As I wrote and explained with pictures attached: you can not backtest renko arrows as you don't know PA at this time. I enter AFTER the brick with arrow has closed (no repainting here) and take +5 with emergency SL 30
I close the very bad trades mostly never with more then 10-15 SL.
And - as well with charts attached - I showed yesterday that even if a brick after the arrow closes on the other side you can still make +5... NO BACKTESTING POSSIBLE!

You will NEVER have a 100% Indi-Expert-Trade Journal... EVER! ;-)
"The only successful substitute for brains is silence."
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