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C4 Scalping

  • #4,321
  • Aug 1, 2009 7:44am Aug 1, 2009 7:44am
Gleneagles, what a great line... I love it.

Hopefully next week we re-focus on trading.



Quoting Gleneagles
Hi sony,

You are on the wrong forum, we have moved away from trading to other more constructive and positive subjects
  • #4,322
  • Aug 1, 2009 7:52am Aug 1, 2009 7:52am
Hi sony - which type of stoch do you use in post #4344 ?
  • #4,323
  • Aug 1, 2009 8:06am Aug 1, 2009 8:06am
Quoting DXTrade
Well, I'm outta here guys.
If you are not able to listen to serious traders who knows what they are talking about then be it... but without me.
I will check from time to time Post #1 to see whether Edge has some updates, I will lurk into Cobras thread ( the other system I'm trading regularly - thanks Cobra!) but I'm not willing to read this crap every day.
I will only answer PM's from "traders", the rest will be deleted.

I was absent more then a year from FF and TSD... now I remember why!

Take care guys...

Thanks Edge again and thanks...
DX - I am one of many (i am sure) who is benefiting from your selfless efforts, and i wish you wouldn't leave us at this stage; i understand your decision thought. Unfortunately this thread has lost its main focus, and i am hoping it would regain it soon so great people like yourself, Edge (of course) and SM (of course) and others who constantly post great charts, tools and the like, could continue to help others less experienced and/or knowledgeable.
Thanks again and best luck
JC
  • #4,324
  • Aug 1, 2009 8:12am Aug 1, 2009 8:12am
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...
Hi DX

2 questions:

-Are your indicators applied to renko chart or smScalper Candles?

-95% winning rate; how do you bail out on the 5% losing trades or in other words what stop do you use?
Regards
  • #4,325
  • Aug 1, 2009 8:17am Aug 1, 2009 8:17am
Quoting dryclean
http://www.forexfactory.com/t/187431/p_2922049/c4-attack-bitch-slander-thread-1.html#post2922049
I just started a new thread
and i think you are about to get banned..

Sonic
  • #4,326
  • Aug 1, 2009 8:19am Aug 1, 2009 8:19am
Quoting howard
Hi DX

2 questions:

-Are your indicators applied to renko chart or smScalper Candles?

-95% winning rate; how do you bail out on the 5% losing trades or in other words what stop do you use?

http://www.forexfactory.com/showthread.php?p=2921723#post2921723
"The only successful substitute for brains is silence."
  • #4,327
  • Aug 1, 2009 8:22am Aug 1, 2009 8:22am
While I certainly understand why you want to leave, I also hope that you will reconsider. I have learned as much from your posts as from any others with the exception of Edge, and I think that you have a lot left to share. Would be nice if there was a way to ban all negative posts! Just my 2 cents.

Quoting DXTrade
Well, I'm outta here guys.
If you are not able to listen to serious traders who knows what they are talking about then be it... but without me.
I will check from time to time Post #1 to see whether Edge has some updates, I will lurk into Cobras thread ( the other system I'm trading regularly - thanks Cobra!) but I'm not willing to read this crap every day.
I will only answer PM's from "traders", the rest will be deleted.

I was absent more then a year from FF and TSD... now I remember why!

Take care guys...

Thanks Edge again and thanks Cobra...
Read the entire thread BEFORE you ask questions!
  • #4,328
  • Aug 1, 2009 9:06am Aug 1, 2009 9:06am
DXTrade, thanks a lot man for lots of templates and indies and
even EA, now I set to play with this for the next 2 days...
Look what I'm trying to find out is the system or strategy.
Suppose Pair trading in range how many times I BUY/SELL
and it went the other way, then I bailout and it's comeback
and, if my trade was there then that's the profit.. So?
Why just not play with Day high/Day low and anywhere on the
middle SELL And BUY at the same time same pair.. so ones
1 of you trade makes you money then you depends on the situation
place another trade, first one is just sitting there and waiting to be
a profitable one.. Something like that.... Look EURUSD, I know eventually
Dollar always DROP when it pops.. Perhaps I took a wrong BUY and
USD start rising, then I just sell it without closing a buy,, And run it down
to first support Buy there again... if it going lower I sell it again with bigger lot to hedge my BUY positions and walking it
down and making money shorting till next support line then when it finally
reverse you will start making money on the LONG site.. I just have to play more with this, but I need UK broker.. I lost a bit money because my resent Broker not
allowed me to place a hedge.. With this strategy potentially I could have
no Losses at all. Just have to make sure and figure out Lot sizes, that's all,
Cause I'm tired to take a trade and then it goes up 3 pips then down 10
Stop loss then it goes back up again.. The only way to make money is place
both SELL and BUY... I know it's works... Just waiting to switch to UK
broker who will allow me to do that...

Thanks for you help.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #4,329
  • Aug 1, 2009 9:06am Aug 1, 2009 9:06am
Quoting J-r
DX, just wondering - is there any particular reason you don't set a hard stop at 15 pips then?

Also, how often do you experience the "very bad trades" that take you down 10-15 pips?

Thanks,
JR
DX, pretty please see my quoted question above. Also, how do you decide whether to close out a loser at -10 or -15 pips?

And... (last one, I promise) what % would you lose if your 30-pip stop was hit?

Thanks for your help,
JR
Be happy, be humble.
  • #4,330
  • Aug 1, 2009 9:14am Aug 1, 2009 9:14am
Quoting howard
Hi DX

2 questions:

-Are your indicators applied to renko chart or smScalper Candles?

-95% winning rate; how do you bail out on the 5% losing trades or in other words what stop do you use?
I got the answer in later posts
Regards
  • #4,331
  • Aug 1, 2009 9:27am Aug 1, 2009 9:27am
She did not took the no. 3 trade with the trix going up in positive, like you say. If you look better in your own chart she took this trade in the red arrow of the trix after 3 tops in the 1.40600 resistance. Also she took the trade at 7:30 and it is the end of a red candel. In you own stoch the fast line in down of the slow line and your MA in color was in red at that point.

But after all, I think she is using a renko chart, but you do not have a renko chart, so it seems the trades do not match with your chart and your indicators.


Quoting SkyzerFX
Ok look Trade #3 from top

She took the sell on positive TRIX on everything going up

Trade went against her SELL exactly 16 pips BOLD GREEN LINE THERE( and she claims to
bailout even if it move against the trade 5 pips)
NO STOP LOSS NO protective hedge (BUY) and she sold it miraculously
with profit.. Give me a break!

Ok look BLUE LINE CROSES when she took the SELL????
And RED LINE CROSES when she "Cover"

It looks even better on the Renko Next BRICK is actually went UP not down

Trade number 3 from TOP...
  • #4,332
  • Edited 10:09am Aug 1, 2009 9:27am | Edited 10:09am
Something useful guys......

Just drag into smTrix indy (put on top of smTrix indy).

There you go...

P/S: Template is on page 267, post 3994.


Cheers !
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 26 KB
Attached File(s)
File Type: mq4 T3 -Trix.mq4   5 KB | 817 downloads
  • #4,333
  • Aug 1, 2009 9:27am Aug 1, 2009 9:27am
Guys looks like DX Trade templates are for C4 not Renko..
Looking good I just load the template, thanks..
Too bad cannot start testing now
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #4,334
  • Aug 1, 2009 9:31am Aug 1, 2009 9:31am
Quoting Mandl2007
Hi sony - which type of stoch do you use in post #4344 ?

You have it ..few pages ago...sorry i cannot post it to you at the moment..

Stings are 8.1.1.

You will find it ..that guy sand 2 indys..

Hi
Work smart not hard
  • #4,335
  • Edited 10:05am Aug 1, 2009 9:48am | Edited 10:05am
Quoting luckylady
Then we can all agree to disagree on the subject. I will just carry on as I have been for the last 2 years of live trading without Mr Margin coming anywhere near me, and smile to myself.
Isn't is interesting how some snakes slither away from their own gardens just to try to disrupt others for no apparant reason other than ... perhaps...jealousy?

The % increase per day also depends on the SIZE of the account. The original poster used the example of a $1k account and how realistic it would be to make 2% a day. I totally agree. From my micro account where I am practicing this method, I expect 10% or more a day because 50 pips = $5 and $5 = 10% of the total account at the moment!

So let's compare apples to apples.

Once one has an account of say $500k, then 2% per day represents $10k per day so 50 pips = trading 20 full lots per trade!
Most likely people with that amount of money to invest are already diversified outside of Forex.

For myself, I would probably max out at around 2 full lots per day which at 50 pips a day represents 2% of a $50k account and makes me $1k per day or $22k per month or $260k+ per year before taxes.

But here is the point ... I would still be doing exactly what I did in my tiny micro account: 50 pips per day!

So our serpentine friend should not be saying "2% per day growth is impossible!" when he knows it is more than realistic to make 50 pips per day on a very consistent basis. And if he can't do that, he should maybe return to his own thread and learn how to.

50 pips per day (average, some days will be losers, some better) .. over & over again .. and what % that represents of your account depends on the size of the trade you are willing to make.

I might max out at 2-3 lots, others might be totally comfortable with 20, 50, 100 or more.

As long as the potential loss from your lot size = your maximum risk tolerance based on account size, then .. what's the problem?

People with those large accts also often have multiple accts, one for long term trading, one for swing moves, one for growth.
It all depends on how you like to play it .. but do NOT come in here and say that 2% growth per day is unrealistic...that shows a complete lack of understanding of how money management really works.
******************* I'd rather make money than be right.
  • #4,336
  • Aug 1, 2009 9:51am Aug 1, 2009 9:51am
Quoting lrathi

Your TRIX indicators in the lower window is excellent. Gleneagles had something similar on his earlier chart in an earlier posting.I use the Trix 7,111 and Trix 3111 on separate windows. I will take off the arrows from the trix 3111 and may try superimposing the the two trix into one window.
LWMA 12,3,6 is the blue/ red MA on your chart( ?). Using these settings is good as it is conservative and less false signals.

You seem to refer to HAMA as another...

Hi lrathi,
sorry for my late answer but I had to sleep a little and my husband even needs some of my time

You are right, LWMA 12,3,6 is the blue/ red MA on my chart.

The setting of HAMA I can not confirm as it is an indy with no possibility to change settings. Perhaps you or somone else could find it out. I`m not sure but I think this indy was posted by Syahmi.

I try to post the indy as attachment and hope that works because this is the first time I attach an indy.

If it doesn`t work: The indy is called HAMA2

Attached File(s)
File Type: ex4 HAMA2.ex4   3 KB | 640 downloads


Attached File(s)
File Type: mq4 HAMA2.mq4   4 KB | 615 downloads
If there are pips you can collect - just do it!
  • #4,337
  • Aug 1, 2009 9:55am Aug 1, 2009 9:55am
Here is a simulator for C4 traders to get your screen time up to speed.
Just install it as per pdf instraction it is really easy.
Re-open your MT4 open the strategy tester the select M5 period, the currency and visual mode then start.
While running put your indicators or template on it will take pretty much any thing except MTFs. indicators/
You can set it to the speed you like and pause if you like the enter or exit a trade. It also does display your profit and losses.
I usually just let it run and eye ball my entries and exit to get a feel for the setup.
Have fun
Attached File(s)
File Type: zip Trade_Simulator_Installer.zip   120 KB | 797 downloads
File Type: pdf Trade_Simulator_setup.pdf   376 KB | 993 downloads
File Type: tpl edgetrader.tpl   13 KB | 794 downloads
File Type: mq4 MA in Color_wAppliedPrice.mq4   5 KB | 599 downloads
File Type: ex4 smSuper TRIX_PV_4col.ex4   12 KB | 740 downloads
File Type: ex4 smC4Scalper Candles_v3.ex4   8 KB | 668 downloads
  • #4,338
  • Aug 1, 2009 9:56am Aug 1, 2009 9:56am
Quoting 4xStar
Isn't is interesting how some snakes slither away from their own gardens just to try to disrupt others for no apparant reason other than ... perhaps...jealousy?

The % increase per day also depends on the SIZE of the account....


RISK should be fixed.

As you correctly stated, 2% of $50k, is $1k.

RISK = STOP LOSS * POSITION SIZE.

I would not lose more than 10 pips in any trade.

$1,000 = 10 * POSITION SIZE

100 = POSITION SIZE

If you can make 50 pips on a steady basis, then you can make $5k a day without an increase in risk.
  • #4,339
  • Aug 1, 2009 10:01am Aug 1, 2009 10:01am
Quoting studbiol
Hi lrathi,
sorry for my late answer but I had to sleep a little and my husband even needs some of my time

You are right, LWMA 12,3,6 is the blue/ red MA on my chart.

The setting of HAMA I can not confirm as it is an indy with no possibility to change settings. Perhaps you or somone else could find it out. I`m not sure but I think this indy was posted by Syahmi.

I try to post the indy as attachment and hope that works because this is the first time I attach an indy.

If it doesn`t work: The indy is called HAMA2

Attachment ...
Thanks... for your reply....

It is not a late response.... I am a wife and mother too! and need my sleep( I am in Australia so awake when you are probabally asleep and vice versa)

The attached indicators worked... I will try tomorrow on my charts.

Just about to go to sleep...
  • #4,340
  • Aug 1, 2009 10:02am Aug 1, 2009 10:02am
Thank you 4xStar, that is exactly what I was trying to get at. I apologise to members of this thread if I started this, it was not my intention at all when I posted. I would never dream of calling Cobra a clown and indeed, did say he is a respected trader on this forum, I have read his posts many times and agree with what he says mostly. I do though resent being called a liar whoever its from, and although a long time trader gets a lot of respect from me, I would expect the same courtesy back.

DXTrade, please come back and continue with your posts, you have contributed a lot here and it was 1 person that called Cobra a clown not all of us.
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