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C4 Scalping

  • #4,421
  • Aug 1, 2009 7:12pm Aug 1, 2009 7:12pm
Quoting DXTrade
Just one explanation of my EA:

There is no TakeProfit option in the settings. The EA has a TP of +10 with a 4 pip trailing stop. I made these not changeable to follow the spirit of the thread.
So no risk to start hunting 100ds of pips.

You can change the SL though. I'm using 30 for me, but make the following experiment while backtesting:
Let it run with SL 10, 20 or 30... and then you try to let it run with SL 500

Interesting result

P.S. Backtesting is meaningless... and backtesting an EA on renko even impossible on MT4
Above and beyond effort sir. I think I can speak for all when throwing out this big Thanks!

Highest Regards.
  • #4,422
  • Aug 1, 2009 7:17pm Aug 1, 2009 7:17pm
Quoting paradoxical
Edge, you must have the paiteince of Job to answer questions that have been asked before in many different ways. The sign of a very good and patient teacher. Hopefully, you will stay on board for quite awhile longer to offer your expertise to those who aren't there yet. It doesn't take a Harvard graduate to realize that you know whereof you speak. On occasion, I see posts from people questioning this thing or that thing, or contending it won't work, or doesn't work, or to give more proof. It's as if some think you're an imposter attempting to impress...
Thx, I have the patience of an oyster. As soon as we get thread effort at trading accross the board and we attain a week of professional behavior I think something thrown into the pot will be warranted.

Regards.
  • #4,423
  • Aug 1, 2009 7:22pm Aug 1, 2009 7:22pm
Quoting SkyzerFX
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.

Maybe try TRIX 2,E,E,E,C with Renko; TRIX 3,,E,E,E,C is better for C4 candles
  • #4,424
  • Aug 1, 2009 7:36pm Aug 1, 2009 7:36pm
Quoting DXTrade
Just one explanation of my EA:

There is no TakeProfit option in the settings. The EA has a TP of +10 with a 4 pip trailing stop. I made these not changeable to follow the spirit of the thread.
So no risk to start hunting 100ds of pips.
DXTrade, didn't load your EA yet since Market is closed anyways, but your template, which you kindly
share, looks beautiful, cannot wait for Monday.
Even though template named "dxtrade-c4", as I understand, it can be used
on Renko charts as well?

Thank you.

Have a great weekend.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #4,425
  • Aug 1, 2009 7:46pm Aug 1, 2009 7:46pm
Quoting SkyzerFX
Another trade 3rd take 3rd loss. What's wrong there?
I tell you what's wrong.. Dollar is tanking it's where hard
to make any profit on USD long. Perfect BUY signal
Forgot to tell you, trade went UP actually first, but with
4 pips spread there was only 3 pips I could take, so
I waited and it turn down.
Hello SkyzerFx,

I apologise in advance for replying to your post on page 273, and not having read all the way to beyond page 300. If someone has already replied to your post previously, my apologies. But i just could not refrain from answering your question about what wrong!!!

Its amazing how the saying "life is simple, humans complicate it" can be so well applied to trading. Edge gave us a very simple plan, simple rules. This is what I see wrong with your chart:

1. I do not remember him saying usd/chf is a pair of choice for either c4 or nitro.
2. Nitro pairs are ej, gbpjpy, aj, and chf/jpy.
3. We have 2 indicators - primer and detonator. I seem way more than 2 on your chart.

I do not know your timezone, so if you were trading outside of the times in the plan for c4, then that is another point. If you were in the correct times to do business, then just the above 3 points should give you enough direction as to where you were wrong.

Regards,
K.

More to follow in the next post...
  • #4,426
  • Aug 1, 2009 7:47pm Aug 1, 2009 7:47pm
Quoting scartree
At the risk of further disrupting the thread, I would like to ask Winning to use English in his postings. I have enough difficulty keeping up with this thread reading all posts (or useful ones anyway) without trying to read Texting English. It makes it very difficult for an old codger not used to the trend to abbreviate the language beyond instant recognition.
Sorry to be a pain but it would be appreciated. Does it really take much longer to type 'to' than '2' or even 'for' instead of '4'?
LOL .. I was about to post that trying to read winning's posts make me grateful that the numbers 3, 5, 6,7, 9 cannot be substituted for english words!

I agree scartree
******************* I'd rather make money than be right.
  • #4,427
  • Aug 1, 2009 7:50pm Aug 1, 2009 7:50pm
Quoting DXTrade
Just one explanation of my EA:

There is no TakeProfit option in the settings. The EA has a TP of +10 with a 4 pip trailing stop. I made these not changeable to follow the spirit of the thread.
So no risk to start hunting 100ds of pips.

You can change the SL though. I'm using 30 for me, but make the following experiment while backtesting:
Let it run with SL 10, 20 or 30... and then you try to let it run with SL 500

Interesting result

P.S. Backtesting is meaningless... and backtesting an EA on renko even impossible on MT4
Thanks DXT and glad you are still with us.
That 500 pip SL is intriguing .. I was thiinking along the same lines once I am trading an account that generates income... just set a catastrophic stop for each trade in case internet connection goes down
******************* I'd rather make money than be right.
  • #4,428
  • Aug 1, 2009 7:54pm Aug 1, 2009 7:54pm
Quoting SkyzerFX
Problem with fixed STOP LOSS and TAKE PROFIT as I see it

let say I bought GU (I have 4 pips spread) means I already
4 pips down + 1 brick downside 10 pips already 14 pips SL
and that's probably too low.. ok let's say 20 pips SL

Do you realize, if you set 5 pips TP, that means to stay just even
you must have 4 wins and only 1 loss, so 75% of Winning
results must be in place to just be on the money.. And
whatever is over 75% is your profit - do this looks like easy task?
Possible? Of course. That's why 80% of the people will lose money
and other...
There was a post earlier discussing fixed SL and TP.
Those using EDGE's strategy.... it is +5 or +10 for exits TP...

For SL this remains the trader's discretion. ATR was once again brought up for SL.. This is used by advanced traders.....for several reasons .....due to NOT being fixed in value. In the paperclip icon you will find ATRstops v1.1 which I posted earlier....

Please try it out.... it may serve some traders well.

This is the MT4 version..... For TS uses .....there is a PAID version.... you will have to google it...

Happy trading!
  • #4,429
  • Aug 1, 2009 7:56pm Aug 1, 2009 7:56pm
Following on from my post above...

And to those who think that I am not qualified to post critque in this thread as I have only posted 2-3 times, you are correct in that I am not qualified to post critique. I am not a pro-trader, nor a maths genius, nor a super smart person. But what I can do is follow instructions. I traded the original c4 with one small addition (60ema), and now am trading with renko, all as per edge's instructions. I have yet to have trouble extracting 15pips on a regular basis with EJ alone.

Everyday the thread grows with in excess of 10pages, with nearly 6 of them being irrelavant. Edge presented us with a business plan. I see a lot of traders here treat it as a business plan, but a lot more treat it as a hobby plan. Any successful business sticks to its core business plan in the market, and keeps the R&D in the lab, with lots of testing out of the real market. Once it sees its new idea shows some merit over the proven real life plan, then they start a small trial, until such a time that its results exceed the already sucessful and proven plan. What I see is a lot of R&D and very little proven method being applied.

There are some who have applied Edge's rules and combined it with their experience of trading (as seen in their charts having modifications, eg Gleneagles), but these guys don't come in with a chart totally different from page 1 and say, "what did I do wrong!!".

We are apprentices. The role of an apprentice is to learn the craft from their tutor as per the teachings of the tutor. Once that is mastered, gone out and proven themselves to be able to apply the knowledge on their own, then they gain the right to start experimenting with ideas of their own, fully aware that they are in unproven territory.

Ok, enough of a rant from me. Happy pipping!!!http://www.forexfactory.com/images/icons/icon14.gif

Regards,
K.
  • #4,430
  • Aug 1, 2009 7:57pm Aug 1, 2009 7:57pm
Quoting Edgetrader
Above and beyond effort sir. I think I can speak for all when throwing out this big Thanks!

Highest Regards.
Honored coming from you

Just to answer some questions here, to some from my PM's as well:

- Yes, you can use the template and the EA on both charts, normal and renko

- I will try to code trading times in the EA so you can choose when you want him to trade

Yes, I will stick around to help and show some trades I did for understanding, but if I have to read another 3 pages of personal bashing I will stop. Not a threatening... just saying

The anonymity of a username is having strange results. I'm sure that if we all would be sitting around a table discussing C4 we would be surprised as with whom we are communicating. Suddenly 2 of our ignore list would become mates and honored users you wouldn't even talk to... the web is definitely a weird world!

Questions in my PM about coding will be answered later through PM... patience please...
"The only successful substitute for brains is silence."
  • #4,431
  • Aug 1, 2009 8:28pm Aug 1, 2009 8:28pm
Quoting Edgetrader
Simple! It is due to the fact that 'you cannot unscramble scrambled eggs'. After many years of being taught one thing, it is very hard to 'teach an old dog new tricks'. It is psychologically difficult for almost EVERYONE to grasp new concepts. They live their lives based on their early teachings and most develop a very narrow minded attitude when something is presented representing CHANGE. Immediately, they go on the defensive and instead of objectively looking to verify, they instead automatically reject such change as being of no benefit....
It takes a minimum of 3 weeks for new neurons to form new pathways in the brain.

If a new concept is to become a habit... it needs of minimum weeks of PRACTICE to allow this to physiologically happen....
  • #4,432
  • Aug 1, 2009 8:34pm Aug 1, 2009 8:34pm
maxximus,
I have been trying to get a template from you that you post sometime back but your not responding, dude respond dude
  • #4,433
  • Aug 1, 2009 8:48pm Aug 1, 2009 8:48pm
Hi Dx,

thanks for your EA. My Broker is a five digit broker. I wanted to change the TP from 10 to 100 but couldnt find the option - can u help me out ?



Quoting DXTrade
Honored coming from you

Just to answer some questions here, to some from my PM's as well:

- Yes, you can use the template and the EA on both charts, normal and renko

- I will try to code trading times in the EA so you can choose when you want him to trade

Yes, I will stick around to help and show some trades I did for understanding, but if I have to read another 3 pages of personal bashing I will stop. Not a threatening... just saying

The anonymity of a username is having strange results. I'm sure that if we all would be sitting...
  • #4,434
  • Aug 1, 2009 9:00pm Aug 1, 2009 9:00pm
Quoting cobraforex
Hi Edge

Sorry that I interrupted your thread but I couldn't pass these stats without leaving a comment.

Thanks for clarifying that overtrading isn’t healthy.

Believe me that I’m not jealous or want to be a thread hitch hiker neither questioning your system, I only tried to get the minds back to reality and I think you know that.

[font=Arial]I don’t care who trades what and my mission about THV has finished, I explained how to trade it and everything else after...
Cobra..... I have nothing but respect for you.
This goes for EDGE too,Swingman...DX trader and Gleneagles.....

Respect when earned stays....
  • #4,435
  • Aug 1, 2009 9:07pm Aug 1, 2009 9:07pm
Quoting tex
Hi Dx,

thanks for your EA. My Broker is a five digit broker. I wanted to change the TP from 10 to 100 but couldnt find the option - can u help me out ?
Oh, will have to code that in... or even better, I will open the TP settings so you can set the TP yourself.
Will do...
"The only successful substitute for brains is silence."
  • #4,436
  • Aug 1, 2009 9:10pm Aug 1, 2009 9:10pm
Quoting ak4x
Two foolproof ways to deal with oversize charts...

1. Put the offender on your Ignore list and things instantly go back to normal.

2. File a Cleanup Report by clicking the http://static.forexfactory.com/forex...ons/report.gif (http://www.forexfactory.com/t/46604/report.php?p=2922388) icon on the upper right hand corner and then check the 5th option down "chart too big for screen"
and our very busy and overworked moderator Twee will do what the inconsiderate and unresponsive poster could and should have...
Thanks for your constructive post to others finding a solutions than shooting them down. I have seen you have considerable experience here over 4000+ posts.
  • #4,437
  • Aug 1, 2009 9:13pm Aug 1, 2009 9:13pm
Quoting paradoxical
Peter, I was a co moderator of a blog (not a thread) before. It's a no win proposition. (Besides, I wasn't asked to). Unless you have a closed system where only people who are invited can post, those who are censored or deleted find their way back in under different aliases, and will make some initial innocent postings under the alias, and thereafter proceed to disrupt the board to get back at the person who censored him. FF has a neat little ignore feature that works really well. When a disrupter is simply ignored, he or she goes away in due course,...
But, I have to admit that I enjoy some of the more "colorful" posts as learning and trading forex can be stressful, and those posts kind of break up the day for me.


I could not agree more....!
  • #4,438
  • Aug 1, 2009 10:10pm Aug 1, 2009 10:10pm
Quoting TudorGirl
All,

As from Monday I will be focussed on really trading my system for all it's worth, so I will not be taking an active part in the thread. Those that I want to hear from have my private email and I have theirs.

I will reserve the right to login occasionally to perhaps post the occasional "stolen" indy or a "photoshopped" set of results, mainly to encourage the genuine seekers, but also to wind up the morons. A little harmless fun I hope you won't begrudge me .

369 posts - a good number to end on... An unusually...
I for one wish you mucho success. And want to thankyou for all your input, and also edgetrader, and swingman, dxtrade, etc- it's got my thinking cap smoking. I'm wanting to ask you/Anne a few questions, but may be too late ..... bummer.
eg. I can see why you would want your renko/whatever script to update as often as possible - capture the price change in a consistent timeframe buffer(?) over say a 5 minute/whatever period. I don't know how to program mql4.... bit of a newbie to all this ... Maybe one day i will know.

Regards & best wishes
Allan
  • #4,439
  • Aug 1, 2009 10:49pm Aug 1, 2009 10:49pm
Quoting Edgetrader
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.
Hi Edge, I see you posting your Renko chart with a smTRIX 2,M,M,E,C setting. What is the MA in the chart, and what are settings, please??
Regards
Allan
  • #4,440
  • Aug 1, 2009 10:58pm Aug 1, 2009 10:58pm
Quoting kermut
We are apprentices. The role of an apprentice is to learn the craft from their tutor as per the teachings of the tutor. Once that is mastered, gone out and proven themselves to be able to apply the knowledge on their own, then they gain the right to start experimenting with ideas of their own, fully aware that they are in unproven territory.
Wisdom that is lost on 99% of the forum readers.
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