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C4 Scalping

  • #4,441
  • Aug 1, 2009 11:08pm Aug 1, 2009 11:08pm
Quoting darkness
anybody got that update stops to b/e EA working? mine places the stop loss and updates stops to b/e but doesn't take profit.thx!
Sorry I have been very busy, and by the time I catch up to the 15-20 pages a day this thread grows, I have had very little time.

Here is the update

I have updated as follows:
Added MoveStopBEProfit to lock in profits at BreakEven; Changed default settings; Added Remarks to parameters for clarity.
Added FiveDigitBroker. Corrected error in sell trailing stop.

It should work correctly now.

Hope this helps some of you that have been asking.

Best wishes,
Attached File(s)
File Type: mq4 Update Stops to BEv2.mq4   10 KB | 684 downloads
  • #4,442
  • Aug 1, 2009 11:16pm Aug 1, 2009 11:16pm
to scartree, 4xstar and studbiol,

sure, no problem.
  • #4,443
  • Aug 1, 2009 11:25pm Aug 1, 2009 11:25pm
Quoting christian
How can you understand a graphical issue, when you haven't the code?

hi christian,

if you are talking about the source code for indis. then you have to contact the person who presented the indi. send them a pm. am not a coder myself.

tudorgirl is the only one i know who will not share her source code for her indis. it is her freedom to share or not and she is not obligated to. so, gotta respect her on this. thanks.
  • #4,444
  • Aug 1, 2009 11:34pm Aug 1, 2009 11:34pm
Quoting DXTrade
Honored coming from you

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!

hi dxtrade,

yeah, understand your take on this. kinda turns people off doesn't it? i think some do this because they're behind a screen. so they feel safe and went on a rampage. i know a member who did this a few months ago. just because she was bored.

anyway, thanks for your efforts here. although i don't understand much. when you discuss coding with other members. thanks
  • #4,445
  • Aug 2, 2009 12:11am Aug 2, 2009 12:11am
Yup, first post on FF. I've been active on other forex sites since Dec. 08. I have spent 2 weeks reading the thread and I can say this:
Edge - you are indeed a well respected man to have a multitude of very intelligent people actively participating in your thread. Kudos to you, and thank you immensely for the path you have very brightly illuminated for all of us willing to use our brains and little bit of hard work!!

Swingman and DX - you guys are very selfless with your time and programming knowledge. You bring so much to the thread.

Anne - You have put a serious fire under eveyone's butt to move forward in their quest for excellence. Even if all your screenshots were make believe - which I fully believe they are NOT, you have still done us all the justice of motivating us to higher standards. Thank you for that.

Ok, enough. Just wanted to say thanks to those fully deserving it!!

Glad to be a part of the thread, and looking forward to the weeks to come.

Mike
  • #4,446
  • Aug 2, 2009 12:24am Aug 2, 2009 12:24am
Quote
FxStar:
I finally GOT it! If a pair is going to move 10 pips it has to move 5 first. If it is going to move 50 pips, it has to move 5 first. Whether or not it completes its journey to +10 or +50 or +100 .... the probability of it making the first 5 is very high .. otherwise it would not have signaled a move according to your primer-trigger of choice.

You hit the Nail (pip) right on the head...Nice way to sum it up.
  • #4,447
  • Aug 2, 2009 12:33am Aug 2, 2009 12:33am
Finally, what an achievement I feel. Having managed to catch up to the end of the thread!!!

Firstly, I would like to join the forces in requesting DXTrade to stay on. I realise you have already indicated you will be lurking around and helping, it is much appreciated. Your c4 indicator (combining trix and hull_ma) has helped me quite a bit. Many thanks.

It is the continous contibutions of traders like yourself, Swingman, Gleneagles, and a few others that really add value to what Edge has presented to us.

Regards,
K.
  • #4,448
  • Aug 2, 2009 12:36am Aug 2, 2009 12:36am
Quoting DXTrade
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...
DX thanks for all the work you put into this. Hopefully not a silly question but what is the recommended timeframe. I assume 5min but I see people trading 1 and 2 here also. Secondly is there a particular pair you recommend for your EA

thanks again

N
  • #4,449
  • Aug 2, 2009 1:31am Aug 2, 2009 1:31am
Quoting sweetmoya
maxximus,
I have been trying to get a template from you that you post sometime back but your not responding, dude respond dude
I responded in comments of your member profile.
  • #4,450
  • Edited 3:13am Aug 2, 2009 1:32am | Edited 3:13am
Here is one version that is not too far from the original.
Indicators: Trix (2,1,1,1 or 3,1,1,1), LWMA(48).
Renko brick size: GU 9, EU 7, AU 7, EJ 10.
Entry: LWMA is green/red, Trix crossed 0 (changed colour), brick closed to the direction of LWMA.
Possible TP: 2 bricks minus spread with Trix 2,1,1,1 and 3 bricks minus spread with Trix 3,1,1,1.
Possible SL: 3 bricks plus spread.

Here are the illustrative pictures - with Trix 2,1,1,1 and Trix 3,1,1,1.
Green lines mark winning trades, red lines losing ones.

P.S. The same system works well on ordinary chart and ALL timeframes.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: trix 2,1,1,1.gif Size: 47 KB
Click to Enlarge Name: trix 3,1,1,1.gif Size: 45 KB
  • #4,451
  • Aug 2, 2009 1:51am Aug 2, 2009 1:51am
Hi Indrek,

looks interesting.

Thanks
-JR
Be happy, be humble.
  • #4,452
  • Edited 4:28am Aug 2, 2009 3:31am | Edited 4:28am
Here is the updated C4 EA.
Please delete the last one DXTrade Trix EA v.1

This one has a build in 5-digits regulation... should work.
And it's moving SL to BE at +5 with TP +10

You obviously still need the SwingMan Indicator as for the last version.

And the Trix2 is a filter. If you don't need it, then set both Trix to the same number (3,3,8)

There are more improvements planned, but I have no time right now. Will post the next version when it's ready.

Just for info: This version expires on December 31st 2009... no need to sell it on Ebay! Or you pay a decompiler to get rid of the limitations.

And still no guarantee for any profits/losses from my side.

Will see what it does as soon as the market is open tomorrow.

Have fun...


Sorry, latest version here... just updated it.
Attached File(s)
File Type: ex4 DXTrade C4 EA v2.ex4   13 KB | 1,039 downloads
"The only successful substitute for brains is silence."
  • #4,453
  • Aug 2, 2009 3:37am Aug 2, 2009 3:37am
Just found this thread - WOW - thanks for the EA, appreciate all your posts and time doing the ea. Will give it a go tomorrow
  • #4,454
  • Aug 2, 2009 3:38am Aug 2, 2009 3:38am
Quoting DXTrade
Here is the updated C4 EA.
Please delete the last one DXTrade Trix EA v.1

This one has a build in 5-digits regulation... should work.
And it's moving SL to BE at +5 with TP +10

You obviously still need the SwingMan Indicator as for the last version.

And the Trix2 is a filter. If you don't need it, then set both Trix to the same number (3,3,8)

There are more improvements planned, but I have no time right now. Will post the next version when it's ready.

Just for info: This version expires on December 31st 2009......
Thanks a lot
But just a question: if it moves SL to BE at +5 then is it reasonable to have TP at +10?
Isn't there a danger that after SL is set to BE so soon, we will too often be stopped out without any profit? And if we will have such a supertight SL then - why not to catch bigger pips?

So, I think we should choose either:

 

  1. TP +10 without moving SL to BE at all or
  2. TP sth like +20 to +40 with moving SL to BE at +5

  • #4,455
  • Aug 2, 2009 3:59am Aug 2, 2009 3:59am
Awesome DXTrade thanks, cant wait to see how it goes
D.

Quoting DXTrade
Here is the updated C4 EA.
Please delete the last one DXTrade Trix EA v.1

This one has a build in 5-digits regulation... should work.
And it's moving SL to BE at +5 with TP +10

You obviously still need the SwingMan Indicator as for the last version.

And the Trix2 is a filter. If you don't need it, then set both Trix to the same number (3,3,8)

There are more improvements planned, but I have no time right now. Will post the next version when it's ready.

Just for info: This version expires on December 31st 2009... no need to sell it on Ebay!...
where thought goes energy flows
  • #4,456
  • Aug 2, 2009 4:30am Aug 2, 2009 4:30am
Sorry, just updated the EA in this post:
http://www.forexfactory.com/showpost.php?p=2922825&postcount=4477

Changed BE to a normal Trailing Stop and you can define it yourself now.

Just replace it in your expert folder

Sorry to make you copy/paste like crazy
"The only successful substitute for brains is silence."
  • #4,457
  • Aug 2, 2009 4:38am Aug 2, 2009 4:38am
Edge

if you want me to open a separate thread for the EA please let me know!
Don't want to disturb here as you are not a fan of EA's.
Me neither btw...
"The only successful substitute for brains is silence."
  • #4,458
  • Aug 2, 2009 4:42am Aug 2, 2009 4:42am
Fredella & Altclick,

I have it working. Thanks!
  • #4,459
  • Edited 5:22am Aug 2, 2009 4:57am | Edited 5:22am
This is a great thread. I am a full time trader and when I am not trading, I prefer to be outdoors or otherwise engaged in non trading interests – consequently, I have not posted and actually never really read many threads here. I do think that the Forex Factory news calendar format is the best out there, so I land on the top page a lot. Since I am a scalper, whenever I see a thread on the top page that has to do with scalping, I take a quick look to see if there might be something interesting there. That is how I landed on this thread – and since then ended up spending all my non trading time and most of the weekend reading through this thread. The only thread that I have ever read in its entirety!!

I am going to throw in my two cents. Perhaps it will add an insight or two – if it does not, or if it annoys you, then let me say up front that flames are not going to make me feel bad or angry. Constructive responses will, of course, get my attention and response.

There is definitely some groundbreaking stuff here… however, less is more is not the groundbreaking part. There are many methods in use (several that are commercial in varying degrees) by traders that scalp, which have as their core, the concept of minimal exposure in the market, minimal chart clutter, small quick pip gains, few pips, large lots, get in grab your pips and shut down ….. I myself have traded that way for a long time and I know many others that do. But here is the difference – scalping this way requires athletic trading prowess J Everyone I know that trades this way uses very short timeframe charts. 1 second, 1 pip range, or a few ticks They use professional platforms – MT4 is out of the question. It requires extensive initial practice to program the right patterns into the brain so that response to them is sub conscious (much like any sport) because being quick on the trigger is a key element of success. Most people find it difficult to excel at this kind of scalping. As the methods presented here by Edge establish their effectiveness, you will have brought the essence of scalping to the everyday trader using MT4 and longer timeframe charting (and I mean 5 minutes or 10pip Renko when I say longer timeframe J ). That is indeed truly groundbreaking!

Whether this thread survives the vagaries of a public forum or not – Kudos for putting it out there, and Kudos for patiently helping it to flower.

Like any trading method, it will not suit everyone. If it does strike a chord, grab it with both hands and put in 100% effort to practice it and let only your results be your guide, because it has the potential to propel you into a world of trading that has been the domain of a select few.

Some words of friendly advice. Recognize that to be a successful trader, you need to get yourself into the top 10% of the trading population. If you are floundering around with your trading platform, floundering around with your charts not knowing fully what everything means, floundering around with hardware which is not up to snuff, floundering around with your time by not being 100% focused, floundering around with your concentration by being emotionally driven, you are coming to the starting line with a severe handicap. To be in the top 10% in any field means you have to be professional grade – so make a commitment to yourself to put in 100% effort in every aspect of your behavior as a trader. In reading through this thread, I saw too many people looking for shortcuts…. asking questions for things that they themselves could have figured out if only they put in the effort – or worse yet asking questions that had already been answered, not once but many times… looking for others to tell them the “best” settings for their charts…. being emotionally driven in their responses…..being easily distracted by new and interesting deviations..... Before you indulge in these kinds of behaviors, just stop and ask yourself – is this the behavior of a top 10% professional grade trader? Your trading method, while crucial, is only a small part of your trading success. You are the rest. So, practice real hard with your tools and your method – AND work on yourself equally hard. Everyday.

Happy Scalping!
  • #4,460
  • Aug 2, 2009 5:02am Aug 2, 2009 5:02am
Quoting DXTrade
Here is the updated C4 EA.
Please delete the last one DXTrade Trix EA v.1

This one has a build in 5-digits regulation... should work.
And it's moving SL to BE at +5 with TP +10

You obviously still need the SwingMan Indicator as for the last version.

And the Trix2 is a filter. If you don't need it, then set both Trix to the same number (3,3,8)

There are more improvements planned, but I have no time right now. Will post the next version when it's ready.

Just for info: This version expires on December 31st 2009......

Just as a suggestion to have an input that says -
move to breakeven - true/false

If false it keeps the SL where it is etc

So we can try it with both options, as I think having it go to BE at + 5 pips will get you s/o most of the time.
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