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C4 Scalping

  • #4,861
  • Aug 3, 2009 7:37pm Aug 3, 2009 7:37pm
Here is a screen of few hours of running the EA. It seems that even at 5 pips it catches some winners but overall the losers are dragging the account down at 25 pip SL. I even tried with 20 pips SL and it is getting hit more often. Maybe some additional filtering is in order..
Attached Image (click to enlarge)
Click to Enlarge Name: DX-EA_trades.jpg Size: 221 KB
If it backtests good run it live!
  • #4,862
  • Aug 3, 2009 7:40pm Aug 3, 2009 7:40pm
Quoting tazmaan
Just FYI for those that do not know, the renko bars can be backtested as well. There are steps you have to do in order to do this, but it is possible. I do it with the CRB range bars (which functions pretty much the same as renko as far as creating custom timeframes is concerned).
Once we get the EA to perform exactly how edge wants the system to be traded, both for c4 and nitro, I have no problem putting in the time to backtest and share results.
Hi tazmaan,
Can you briefly give more details as to how the backtest can be done with Renko bars? The main issue is that we only have the native M1, M5, M15 etc. timeframes available for backtesting. How would you approach backtesting a M2 chart? Appreciate you sharing the info with us.
If it backtests good run it live!
  • #4,863
  • Aug 3, 2009 7:51pm Aug 3, 2009 7:51pm
Anybody have an HMA color nrp with alert?
  • #4,864
  • Aug 3, 2009 7:53pm Aug 3, 2009 7:53pm
Quoting Mandl2007
Christian - komm gib Ruhe Mann !!! Hier geht's um C4 - nix anderes !
Grosses Maul und nichts dahinter?
  • #4,865
  • Aug 3, 2009 7:54pm Aug 3, 2009 7:54pm
fx:
I wont go into complete details, and for serious testers I probably can via pm.
But the summarized version is this:
install clean mt4 (alpari is my personal choice for backtesting)
delete all price history in the history folder
set options to max bars for both chart and history
open the pair you wish to backtest, m1 timeframe. hit home til you can't go back and further (loading up as much m1 history as you can)
close and reopen the platform, you should now ONLY have m1 history for your pair in your history folder
create a new folder in history called 'renko'
copy the m1 history file, as well as the 4 other files (*.raw. *.sel) to your renko dir
click login, and change server to 'renko'
open m1 chart (will be the only timeframe now that will show any bars)
load your renko script onto the m1, choose the 10pip range, and have it create a standard timeframe chart (such as m5)
now you have m5 data but it's in renko format. load up strategy tester, choose m5 as your timeframe and you can now backtest with renko. Can even run it in visual mode, load your indicators and backtest your manual trades as well, but a pita

There might be a step or two missing in there, but I think I got them all. Like I said, if you are serious and want to test, I am more than happy to help you via pm. But, I don't think I have the patience to help anyone that is not somewhat versed in backtesting (not referring to you in particular of course), nor do I want to add more off topic junk to the thread. So once you've made an attempt to get the above steps working, feel free to pm me for help. I'll be able to tell from those who pm whether they have a clue, so might not answer everyone, so be warned
  • #4,866
  • Aug 3, 2009 7:55pm Aug 3, 2009 7:55pm
Quoting maxreturn
And your point is?
My point is, why not compare it?,..., there aren't different enough!
  • #4,867
  • Aug 3, 2009 8:02pm Aug 3, 2009 8:02pm
Quoting DXTrade
Well, here you go guys...
Thanks Uli, as always, your efforts and time are much appreciated!
  • #4,868
  • Aug 3, 2009 8:04pm Aug 3, 2009 8:04pm
Very nice DX, this should get us all back on track trading the simple nitro method edge has laid out in post 1. Thanks for the EA modifications!!
I will attempt (if I have extra time this week) to compare forward tests with backtests on renko to see if the results match up. If they do, it will give us an opportunity (if we need it) to optimize. Hopefully, that won't be necessary
  • #4,869
  • Aug 3, 2009 8:04pm Aug 3, 2009 8:04pm
I am posting a screen shot of the Nitro Renko concept with a very innovative indicator that I found in other forums called Clovis_rubberband. You can compare it vs. SMTrix and see that in certain instances it is entering faster than SMTrix and it generates profitable trades. I could not attach it since it is not my work but you can find it if you google it. I truly believe it is a natural alongside Renko to give us better signals.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: Renko_with_Rubberband.jpg Size: 484 KB
If it backtests good run it live!
  • #4,870
  • Aug 3, 2009 8:41pm Aug 3, 2009 8:41pm
that was easy scalp for +5 on eu and +5 on gu +5 ey available few min ago, pa was picking up, good momentum building it up, boom it shot off like a rocket. hope few ppl took that trade.
  • #4,871
  • Aug 3, 2009 8:42pm Aug 3, 2009 8:42pm
Thanks again DX,

just loaded it on my charts. I cant find the option for changing the TP from 4 digits to 5 digits. Can u implent this please ?

tex

P.S. Theres a nasty error message when i attach it. Do i have to rename the DXC4renko.ex4 to DXC4.ex4 ?



Quoting DXTrade
Well, here you go guys

Attached is the EA ONLY for Renko (I have no idea whether it's working on C4) - sorry for the Dinosaures.
Test it out and maybe it's working for "normal" charts as well

So backtesting is useless for most of us as explained.
It is taking the exact conditions as outlined in Post#1... nothing more, nothing less.
The only option you have is your lot size/money management and the SL.
Thats it!
I even limited the pairs to the ones Edge posted in Post#1 for Renko. Only added the EURUSD as me and some others like to trade...
Attached Image (click to enlarge)
Click to Enlarge Name: screensho.jpeg Size: 16 KB
  • #4,872
  • Aug 3, 2009 8:43pm Aug 3, 2009 8:43pm
Hi everyone.

Just a quick inquiry that someone may be alble to help with.

I can't drag and drop the LWMA into the Trix window and it is really annoying me.

I can drag and drop other indicators like the MACD and RSI into the Trix window but the LMWA always ends up in the main window. This is the same when I try to drag and drop other MA's as well.

What am I doing wrong?

Any help appreciated.

Thanks

Greg
  • #4,873
  • Aug 3, 2009 8:44pm Aug 3, 2009 8:44pm
Quoting tex
Thanks again DX,

just loaded it on my charts. I cant find the option for changing the TP from 4 digits to 5 digits. Can u implent this please ?

tex

P.S. Theres a nasty error message when i attach it. Do i have to rename the DXC4renko.ex4 to DXC4.ex4 ?
i renamed DXC4renko.ex4 to DXC4.ex4 and that error message disappeared
  • #4,874
  • Edited 9:09pm Aug 3, 2009 8:47pm | Edited 9:09pm
P.S. Please redownload the attachments in post #4900! Had a bug in the Info Indicator and the EA! Sorry...

Sorry... sorry... sorry.....

All good now!
"The only successful substitute for brains is silence."
  • #4,875
  • Aug 3, 2009 8:50pm Aug 3, 2009 8:50pm
fxspeedster

Just caught up to your post re EA results. I note that the pairs listed are a combo of some C4 pairs and 1 only Nitro pair. Not clear if you are using C4 or Nitro but suggest you review pairs according to Edge's recommendations.

Karl
  • #4,876
  • Aug 3, 2009 8:53pm Aug 3, 2009 8:53pm
Edge, excellent revised write up of the two systems. The addition of the momentum indicator is helpful, as is the change to the HMA.
  • #4,877
  • Aug 3, 2009 8:58pm Aug 3, 2009 8:58pm
DX, I've had the C4 EA on three different demo accounts with three different brokers, and with TP settings of 5 pips and 10 pips, and eliminating any trailing stop which was causing trades to be closed out early. The results haven't been good at all with either a 5 pip TP or 10 PIP TP and a 30 pip stop. VERY bad, actually. Of course, no fault of yours, as the EA merely follows the rules.

If I have time, will load the renkos on the demo accounts & see what happens. Maybe some others have already loaded up the renko EA
  • #4,878
  • Aug 3, 2009 9:03pm Aug 3, 2009 9:03pm
The DXTrade info V4 has an alert. When that goes off, you can check it against the HMA.
Quoting fxshadow
Anybody have an HMA color nrp with alert?
  • #4,879
  • Aug 3, 2009 9:04pm Aug 3, 2009 9:04pm
Quoting DXTrade
Well, here you go guys

Attached is the EA ONLY for Renko (I have no idea whether it's working on C4) - sorry for the Dinosaures.
Test it out and maybe it's working for "normal" charts as well

So backtesting is useless for most of us as explained.
It is taking the exact conditions as outlined in Post#1... nothing more, nothing less.
The only option you have is your lot size/money management and the SL.
Thats it!
I even limited the pairs to the ones Edge posted in Post#1 for Renko. Only added the EURUSD as me and some others like to trade...

Will do.
  • #4,880
  • Aug 3, 2009 9:15pm Aug 3, 2009 9:15pm
Quoting fxspeedster
I am posting a screen shot of the Nitro Renko concept with a very innovative indicator that I found in other forums called Clovis_rubberband. You can compare it vs. SMTrix and see that in certain instances it is entering faster than SMTrix and it generates profitable trades. I could not attach it since it is not my work but you can find it if you google it. I truly believe it is a natural alongside Renko to give us better signals.

Regards
The indicator being introduced for review is not proven in any manner to be beneficial to the threads followers.

As per my earlier posting today, please do the necessary work to 'proof-up' this indicator showing at least a 30-50 trade spectrum where it has outperformed any of those indicators currently recommended. This work should be completed and posted withing the next 12 hours period, also as per my previous posting request or the posting should be deleted by you until that work can be completed. At that time you are welcome to resubmit the indicator with some validity to back it up.

From a quick visual, it is not any better than the Momentum indi recommended for Nitro users.

Regards.
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