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C4 Scalping

  • #4,481
  • Aug 2, 2009 9:34am Aug 2, 2009 9:34am
Quoting AllanFX
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
A WMA set at 12.

Regards.
  • #4,482
  • Aug 2, 2009 9:38am Aug 2, 2009 9:38am
Guys

concentrate on trading manually... the EA is only to show you the entries.
The trades must be understood... so take the 2-3 indis from Post #1 and let the EA run in Alert mode only! To do that you untick "allow live trading" on the "Common" Tab in the settings.

Maybe it was a bad idea to post an EA
"The only successful substitute for brains is silence."
  • #4,483
  • Aug 2, 2009 9:44am Aug 2, 2009 9:44am
Quoting Indrek
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

  • #4,484
  • Aug 2, 2009 9:47am Aug 2, 2009 9:47am
Quoting DXTrade
Guys

concentrate on trading manually... the EA is only to show you the entries.
The trades must be understood... so take the 2-3 indis from Post #1 and let the EA run in Alert mode only! To do that you untick "allow live trading" on the "Common" Tab in the settings.

Maybe it was a bad idea to post an EA
I will let it run on my demo account from the moment when market opens until 11 GMT when I start my real trading. Just want to see how my setup with LWMA(48) and Trix(3) would work.
  • #4,485
  • Edited 10:02am Aug 2, 2009 9:49am | Edited 10:02am
Quoting Edgetrader
Sorry, I just meant that if stoploss will be moved to breakeven at +5 pips then it would be a situation to catch more than 10 pips. Otherwise, it is not clear why should SL be moved at all. Just grab the 5 pips and done.
  • #4,486
  • Aug 2, 2009 9:50am Aug 2, 2009 9:50am
Quoting DXTrade
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...
Negative good sir.

Am going to see if we have some that can focus and attempt to use the ea properly. Or, are they going to stake everything the have on a robot and become brain dead.

Moving to DEFCON 4 this week with the thread. Attitudes need to reflect those of what I have read this weekend. Only one (1) minor eruption that was nothing to extreme. Overall, am quite pleased with most postings.

Highest Regards.
  • #4,487
  • Aug 2, 2009 9:57am Aug 2, 2009 9:57am
Quoting DXTrade
Guys

concentrate on trading manually... the EA is only to show you the entries.
The trades must be understood... so take the 2-3 indis from Post #1 and let the EA run in Alert mode only! To do that you untick "allow live trading" on the "Common" Tab in the settings.
Maybe it was a bad idea to post an EA
Great Idea to use it for Alert! Thank you!
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #4,488
  • Aug 2, 2009 10:05am Aug 2, 2009 10:05am
Quoting altclick
[font=Calibri][size=3]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...
A four star effort indeed and Thanks.

There have been a few postings this weekend that are a bit more detailed than the usual ones. Have been patiently waiting for thread followers to 'focus' on trading the plan and get past indi envy. There is much in store for those who become proficient demolitions experts in scalping. One should consider this, "Proficiency is only a step away from becoming EXPERT".

Only a few will graduate the course with the necessary knowledge and ability to become expert. However, I never thought that it would be more than 6-7 individuals to begin with. Has always been a numbers game also. That is just fine with me. It is those 6-7 'experts' that will then be given the task of 'paying it forward'. This, imho, is how this methodology will grow to become a mainstay. As this hopefully happens, many more will then become 'experts' and many more will be able to use the plan as intended.

That is to replace a position (job) lost due to economic downturn or augment some measure of income at their own choosing.

Regards.
  • #4,489
  • Aug 2, 2009 10:15am Aug 2, 2009 10:15am
Quoting DXTrade
Guys

concentrate on trading manually... the EA is only to show you the entries.
The trades must be understood... so take the 2-3 indis from Post #1 and let the EA run in Alert mode only! To do that you untick "allow live trading" on the "Common" Tab in the settings.

Maybe it was a bad idea to post an EA
Kind of like when I gave a "PREVIEW" of Nitro huh?

Regards.
  • #4,490
  • Aug 2, 2009 10:21am Aug 2, 2009 10:21am
Quoting Indrek
Sorry, I just meant that if stoploss will be moved to breakeven at +5 pips then it would be a situation to catch more than 10 pips. Otherwise, it is not clear why should SL be moved at all. Just grab the 5 pips and done.
Bingo!!!!!!!!

And the ea should be focused to Nitro only. As the thread progresses, C4 is to become a memory. Nitro is a front line deadly accurate explosive ordinance.

If used as designed, it will turn the apprentice into a master. A master then toys with Nitro but works within the nuclear industry to use impending high quality tools to create 'nuclear meltdown' which is code named CHERNOBYL. We crawl, walk and then run.

Regards.
  • #4,491
  • Aug 2, 2009 10:28am Aug 2, 2009 10:28am
Quoting Edgetrader
Bingo!!!!!!!!

And the ea should be focused to Nitro only. As the thread progresses, C4 is to become a memory. Nitro is a front line deadly accurate explosive ordinance.

Regards.
Thanks
I also think that Nitro is a far stronger thing than C4. The only thing that my mind struggles against is the correlation 5:20 between TP and SL. But I will get used to it, just takes time

P.S. I hope, we will never deal with sth like Chernobyl in real life. (Although, probably we will.) But in Forex - let us blow up everything
  • #4,492
  • Aug 2, 2009 10:44am Aug 2, 2009 10:44am
Quoting 4xStar
We don't care.
Welcome to my Ignore list.
  • #4,493
  • Aug 2, 2009 10:45am Aug 2, 2009 10:45am
Quoting Edgetrader
Who gives a shit?
If you don't want i post here i respect your decision...but be quiet!!!
  • #4,494
  • Aug 2, 2009 10:54am Aug 2, 2009 10:54am
Quoting Edgetrader
Bingo!!!!!!!!

And the ea should be focused to Nitro only. As the thread progresses, C4 is to become a memory. Nitro is a front line deadly accurate explosive ordinance.

If used as designed, it will turn the apprentice into a master. A master then toys with Nitro but works within the nuclear industry to use impending high quality tools to create 'nuclear meltdown' which is code named CHERNOBYL. We crawl, walk and then run.

Regards.
Edge,
I am assuming that you are talking about the EA posted by DX. If so, should we be looking at 2 min, charts and Yen pairs. And of course loading renko candles on the chart. (does the EA need them)

cheers and keep up all the good work, your patience through all this amazes me

N
  • #4,495
  • Aug 2, 2009 10:57am Aug 2, 2009 10:57am
Quoting Edgetrader
Dealt with you in the last thread and NOBODY asked you to post anything here ever. One of the single most useless jerks to ever post anything in FF.

By all means, do not post here again.
Maybe it's just me but I don't think he wants you to post here anymore. For future reference don't tell the quy who got all this started to be quiet.

Mombone
  • #4,496
  • Aug 2, 2009 11:05am Aug 2, 2009 11:05am
Quoting nickmead
Edge,
I am assuming that you are talking about the EA posted by DX. If so, should we be looking at 2 min, charts and Yen pairs. And of course loading renko candles on the chart. (does the EA need them)

cheers and keep up all the good work, your patience through all this amazes me

N
Am going to leave that up to 'DX' as to how he feels his ea is best utilized. This week will be a frenzied effort to work with that little puppy indeed.

There is another highly astute regular poster who will soon throw his contribution into the mix also. It will be interesting indeed.

Also, I have mentioned that both C4 and Nitro are good plans to trade with. It is up to the individual to choose their 'tools' as they feel their trading prowess dictates.

Sorry, Nick, I know that is not what you were looking for. I can only tell someone which tools are available. It is up to them to gain proficiency in their usage.

Regards.
  • #4,497
  • Aug 2, 2009 11:07am Aug 2, 2009 11:07am
Quoting Edgetrader
Bingo!!!!!!!!

If used as designed, it will turn the apprentice into a master. A master then toys with Nitro but works within the nuclear industry to use impending high quality tools to create 'nuclear meltdown' which is code named CHERNOBYL. We crawl, walk and then run.

Regards.
Edge,

I'm not the man of (english) words, but I would like to share with you that I became a much better trader in the last two weeks than the previous 3 months. --> big THANK YOU to you & to the whole thread.
C4 is a great strategy, but I was unable to feel comfort with it, than came the Nitro ... something changed within me... After three days of testing, my results were absolutly outstanding. I did not scalp 1000 pips, but my personal goals were easily achieved (60 pips/day), without a single losing trade. (I know, there will be some --> I have no illusions) but this is 100% sure: I became more confident with the trading.
I think, I could be a full time trader after a year or two, IF & ONLY I follow your major messages everyday:
- "think real hard"
- "Keep it simple"

If I remember well, this is the third time you mentioned 'nuclear meltdown'. I'm very excited.
I hope we can collect as many golden stars as we can during the Nitro trade in the next couple of weeks/months to deserve CHERNOBYL as well. Personally, I will work as hard as I can.

Regards,

GrZack
  • #4,498
  • Aug 2, 2009 11:16am Aug 2, 2009 11:16am
Quoting Edgetrader
Dealt with you in the last thread and NOBODY asked you to post anything here ever. One of the single most useless jerks to ever post anything in FF.

By all means, do not post here again.
I do all i want to do:this is a public thread and i haven't offend you.I have posted the source code as many users have asked for...
  • #4,499
  • Aug 2, 2009 11:24am Aug 2, 2009 11:24am
After I load it into MT4...is it because the market is not open?
  • #4,500
  • Aug 2, 2009 11:33am Aug 2, 2009 11:33am
Quoting GrZack
Edge,

I'm not the man of (english) words, but I would like to share with you that I became a much better trader in the last two weeks than the previous 3 months. --> big THANK YOU to you & to the whole thread.
C4 is a great strategy, but I was unable to feel comfort with it, than came the Nitro ... something changed within me... After three days of testing, my results were absolutly outstanding. I did not scalp 1000 pips, but my personal goals were easily achieved (60 pips/day), without a single losing trade. (I know, there will be some -->...
Glad to see another 'light bulb' illumination. It can be fun and it should be. That is until you get so proficient that it becomes BORING. That is a state of mind some dislike. I relish it! Less thought! Reflex action! Blow it up and extricate yourself from the area.

Regards.
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