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C4 Scalping

  • #4,741
  • Aug 3, 2009 9:39am Aug 3, 2009 9:39am
GBPUSD +10

Wait until after news announcement.
Wait for ATR to pick up.
Drew 2 lines across previous highs.
Took note of equity gap higher on open.
Wait for buy signal in line with trend.
Hit the trigger when previous high was broken.

It is certainly not easy after the initial run from LDN session.

Messy PA with lots of potential false breaks.

I am probably complicating the trade rules but bottom line is I was only considering a long trade.
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" Never let the past hold the future to ransom "
  • #4,742
  • Aug 3, 2009 9:39am Aug 3, 2009 9:39am
Quoting freddi
Hi IrishPips,

Sorry to ask this...I'm sure it's just me that dosen't understand...but could you please provide a little bit more of an explanation re ..."wait for the PA to close *cleanly* -or a fair distance above or below the line relative to your trade position".

Thanks,

Freddi

Where the current candle you are considering a trade on closes cleanly above or below the line- meaning that candle has to be clear of the line.

If it bursts through but closes in the middle, you have to take in account what's happening on the big picture. Trendlines help a lot, however, I'm not going to even try going into detail about them as this system to is meant to be traded simply, by taking the signals as you see them, without having to put too much thought into it.

And only would I consider a divergence trade from it if the distance between the MA and PA was more than 15 pips
--- Gone --- RIP 11/27/09
  • #4,743
  • Aug 3, 2009 9:40am Aug 3, 2009 9:40am
Quoting roto7gl
4 trades on eu

+20
Nice scalp. I just captured +10, but the entries were the same (#1 & #3)
  • #4,744
  • Aug 3, 2009 9:42am Aug 3, 2009 9:42am
I know you are very busy with the ea right now.. but I sure would love it if you would consider adding this to the trade info indicator!
(obviously when you could get to it)

I think it would be much more useful than the sinc info, so I would replace that if need be.. if you need to choose.

Put 5 ATR and 20 ATR is a good example.. 6 and 36 is another depending on
personal preference.. and like the ADX trend, just tell us
ATR 5 above or below atr 20.

This is such helpful and system wide helpful info, I would love to
see it right there on the side of the screen with the other dx trade
info

Brian

Quoting Indrek
By the way, there is a nice way to monitor market activity with ATR. Just put two ATRs on each other, one for shorter period and other for longer, e.g ATR(5) and ATR(20). When shorter ATR is higher it means bigger activity
Or, if you do not want to attach the ATR graph to the chart, just compare the readings.
  • #4,745
  • Aug 3, 2009 9:43am Aug 3, 2009 9:43am
Quoting Boham
Good Morning Edge!

I have been following your thread for some weeks now; back tested and demo tested the initial C4 philosophy with much success. I have however, run across several times inwhich I have had my tail handed to me on a silver platter (just this morning in fact). On my chart I have the MA Color as my primer, LWMA as the detonator and smTrix as a safety. I enter trades only when all 3 confirm the trade and exit as soon as the detonator or safety change colors. Usually this works well however; I find that when the market has moved into...

Agreed i started back testing from teh start of this year and euro dollar suffered a large drawdown in February due to choppy / ranging conditions what are the MA's you added Boham ??
  • #4,746
  • Aug 3, 2009 9:51am Aug 3, 2009 9:51am
Quoting zznbrm
Momentum is the answer. You need a way to determine if momentum is sufficient enough to drive the price past your TP.

Getting 5 or 10 pips on a big move is easy. Getting 5 or 10 pips on a small move is more challenging. We like easy.
zznbrm, if you don't mind me asking what are you using to judge momentum?
  • #4,747
  • Aug 3, 2009 9:52am Aug 3, 2009 9:52am
Quoting kapitolking
live trading is not checked should it be?
Yes sir, will put you right in the game. Please check the 'live' and have at it.

Regards.
  • #4,748
  • Aug 3, 2009 9:53am Aug 3, 2009 9:53am
Thanks Paradoxical. So IP is suggesting that it may be better to wait for PA to close clear/well clear of the 21EMA, before opening a trade?

Thanks,

Freddi
  • #4,749
  • Aug 3, 2009 9:54am Aug 3, 2009 9:54am
thank you thank you thank you



Quoting Edgetrader
Yes sir, will put you right in the game. Please check the 'live' and have at it.

Regards.
  • #4,750
  • Aug 3, 2009 9:57am Aug 3, 2009 9:57am
Quoting eclayf
Hi michaelhryu, I'm not much of a coder, just enough to tweak them. They work perfectly on my platform from IBFX and also on an Alpari demo I was testing, so they should work fine on yours. Perhaps they should be re-compiled. Not sure

Here they are taken directly from the working platform. Both .mq4 and .ex4. For good measure, I have included also a Break Even Script which will move your SL to BE.

Clay

P.S. dngfx,, these are scripts not EA's and go in the scripts folder.
hi eclayf
i tryed your scrips on ibfx demo but they dont atatch to chart?
  • #4,751
  • Aug 3, 2009 10:03am Aug 3, 2009 10:03am
Hi,

didn't get the EA to work yet (5 digit-broker ) but I think I will find a way.

Tried DXT-Template an scalped manually. Nice +31 pips. Had a 18 pip TS.

Thanks again


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If there are pips you can collect - just do it!
  • #4,752
  • Aug 3, 2009 10:11am Aug 3, 2009 10:11am
Quoting studbiol
Hi,

didn't get the EA to work yet (5 digit-broker ) but I think I will find a way.

Tried DXT-Template an scalped manually. Nice +31 pips. Had a 18 pip TS.

Thanks again


Attachment
Hi, where is DXT's Template? I've searched all the attachments and cannot find the .tpl file.
  • #4,753
  • Aug 3, 2009 10:11am Aug 3, 2009 10:11am
Boham, that is the big question isn't it?

Everyone seems to have their own way of determining momentum. Well, not necessarily momentum in the true sense of the term, but some further confirmation of a trending vs. ranging market or strength of move or overbought/oversold.

We're seeing everything from ADX, ATR, CCI, Stochastics, MA, RSI, MACD, etc. We are even seeing differences in MM (different TPs, different SLs, trailing stops, etc). Some ideas certainly seem to be effective, others not so much.

I continue to test my answer to this question. I think I have a good solution, but testing is the only way to verify. We'll see what happens.




Quoting Boham
zznbrm, if you don't mind me asking what are you using to judge momentum?
  • #4,754
  • Edited 10:18am Aug 3, 2009 10:15am | Edited 10:18am
Quoting paulw6182
i tryed your scrips on ibfx demo
Hi Paul6182,

Re-start the application, and make sure you are not on a 5 decimal demo. If you are, you will need to modify the script's internal settings a bit. SL will need to be 200 instead of 20,,, TP will need to be 100 instead of 10.

God bless,
Clay

P.S. By the way, you won't see any confirmation screen,,, just the trade window fill up is all. They are designed to be quick.
  • #4,755
  • Aug 3, 2009 10:18am Aug 3, 2009 10:18am
Quoting zznbrm
Boham, that is the big question isn't it?

Everyone seems to have their own way of determining momentum. Well, not necessarily momentum in the true sense of the term, but some further confirmation of a trending vs. ranging market or strength of move or overbought/oversold.

We're seeing everything from ADX, ATR, CCI, Stochastics, MA, RSI, MACD, etc. We are even seeing differences in MM (different TPs, different SLs, trailing stops, etc). Some ideas certainly seem to be effective, others not so much.

I continue to test my answer to this question....
Thanks, I like you have used everything you have listed above and everything does infact show differing results thus I don't trust any of them. I will keep looking though... Thanks for you input!
  • #4,756
  • Aug 3, 2009 10:19am Aug 3, 2009 10:19am
Yes, exactly. Most likely when that happens, it's a sign of momentum in the opposite direction. If it's on the line or real close to it, may be an indication of uncertainty and better to wait. Doing a visual test with the 21 EMA on all charts, there is a much higher percentage of good trades when you only trade when both the 21 EMA and the 12 LWA or 8 LWA (whicever one you use) are in agreement. This also means you'll have far fewer tradesand will miss out some trades that you could get a quick 5 pips on. The upside, I think, is that it is a very good filter to keep you out of a choppy market.
Quoting freddi
Thanks Paradoxical. So IP is suggesting that it may be better to wait for PA to close clear/well clear of the 21EMA, before opening a trade?

Thanks,

Freddi
  • #4,757
  • Aug 3, 2009 10:19am Aug 3, 2009 10:19am
Quoting freddi
Thanks Paradoxical. So IP is suggesting that it may be better to wait for PA to close clear/well clear of the 21EMA, before opening a trade?

Thanks,

Freddi
For conservative trading yes I do --unless the over all picture suggests otherwise [ie: pullback after initial effort [1st effort, as forex goes in waves--on every single timeframe]

The middle approach would be to wait until a clean "break" of the LWMA that's included with the system [8/3/6 or/12/3/6 --- I acutally use the middle setting of 10/3/6]

And the aggressive would be to take every signal offered to you.

I'm not here to tell you how to trade, these are just suggestions. While the concept of C4/Nitro is fabulous in and of itself, to trade a system blindly without at least a little bit of Forex fundamentals could be disastrous to your account
--- Gone --- RIP 11/27/09
  • #4,758
  • Aug 3, 2009 10:21am Aug 3, 2009 10:21am
Quoting pilotui
Hi, where is DXT's Template? I've searched all the attachments and cannot find the .tpl file.
You can download his template here:

http://www.forexfactory.com/t/181900/p_2921657/c4-scalping-286.html#post2921657

Jeroen
  • #4,759
  • Aug 3, 2009 10:22am Aug 3, 2009 10:22am
Hi,

sorry, just a question from a FF-newbie with less expirience.
I've seen on your charts little arrows and a dotted line when you made a trade. I didn't get them to appear on my charts. How can I manage that?

There was no need to kow it before posting on FF.

Thanks for helping.
If there are pips you can collect - just do it!
  • #4,760
  • Aug 3, 2009 10:27am Aug 3, 2009 10:27am
Quoting pilotui
Hi, where is DXT's Template? I've searched all the attachments and cannot find the .tpl file.

Just look on post # 4714. Hope it helps
If there are pips you can collect - just do it!
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