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C4 Scalping

  • #4,881
  • Aug 3, 2009 9:25pm Aug 3, 2009 9:25pm
Edge,
With your new writeup of instructions listed on page 1, is the momentum ind listed on the bottom of page 1 for the Renko charts?
I'm sorry, but I didn't see it listed with the other ind on the bottom of the page with the other ones.
Thanks so much for a terrific thread and your great stewardship even with a few disruptive knuckleheads.
traderdp
  • #4,882
  • Aug 3, 2009 9:29pm Aug 3, 2009 9:29pm
"Mom" is an usual indi - you can find it in every MT4 station - every broker has it
  • #4,883
  • Aug 3, 2009 9:30pm Aug 3, 2009 9:30pm
Quoting Indrek
I trade Renko with 7-10 pip bricks (depending on pair) that is equivalent to ATR of 5-min chart. And I use LWMA48 on Renko chart exactly the same way as I would use LWMA48 on ordinary chart.
How a trader chooses to use Renko or any other tool is of course their own decision.

As long as the trading plan is neither violated or modified within the thread, I actively promote research that may prove beneficial to the thread in general. Until that time, anything shown that can be construed as an unproven alteration cannot be allowed as it provides nothing more that a distraction.

As all know, Nitro is set at +5 level and is based on a 10 tic brick. As such, anything dipicting an alteration is, as mentioned, contrary to the threads purpose and therefore a distration.

As with a submission of an unprover alternate indicator, please proof -up the introduction set forth or delete the posting until such time as the work has been completed providing proof of that it exceeds the base plans objectives.

Regards.
  • #4,884
  • Edited Aug 4, 2009 12:33am Aug 3, 2009 9:31pm | Edited Aug 4, 2009 12:33am
Quoting Edgetrader
The indicator being introduced for review is not proven in any manner to be beneficial to the threads followers.....

Regards.
Thank you Edgetrader, I just was about to push the submit button in response to that post.
Maybe we need to have your first post translated in to 20 different languages. LOL
  • #4,885
  • Aug 3, 2009 9:42pm Aug 3, 2009 9:42pm
Quoting Edgetrader
...

As with a submission of an unprover alternate indicator, please proof -up the introduction set forth or delete the posting until such time as the work has been completed providing proof of that it exceeds the base plans objectives.

Regards.
I love it when you talk tough like that!

Those who have new indicators or who want to trade differently or on different time frame: PLEASE GO FIND ANOTHER THREAD.

We want to FOCUS here and graduate to the next level!!
******************* I'd rather make money than be right.
  • #4,886
  • Aug 3, 2009 9:42pm Aug 3, 2009 9:42pm
Quoting GregB
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

When you drag an indicator to a window that has an indicator there [separate from the chart] a window should pop up for the indie settings

Under "Apply" choose the setting "Apply to Previous Data" provided the last indicator [the bottom one is the indicator you want the LWMA attached to]

And viola! Your indicator is on there, once it's on there, you can right click the screen, choose indicators, select the indie you want to customize, and go from there
--- Gone --- RIP 11/27/09
  • #4,887
  • Aug 3, 2009 9:44pm Aug 3, 2009 9:44pm
Quoting IrishPips
When you drag an indicator to a window that has an indicator there [separate from the chart] a window should pop up for the indie settings

Under "Apply" choose the setting "Apply to Previous Data" provided the last indicator [the bottom one is the indicator you want the LWMA attached to]

And viola! Your indicator is on there, once it's ont there, you can right click the screen, choose indicators, select the indie you want to customize, and go from there
I think he is saying it will not go into the separate window .. possibly because the indi is programmed to be in the price window only.
******************* I'd rather make money than be right.
  • #4,888
  • Aug 3, 2009 9:56pm Aug 3, 2009 9:56pm
I quickly recoded the LWMA so it can go into a separate window--if navigating around MT4 platform is abit confusing for some
Attached File(s)
File Type: mq4 MA in Color_wAppliedPrice1.mq4   5 KB | 459 downloads
--- Gone --- RIP 11/27/09
  • #4,889
  • Aug 3, 2009 9:57pm Aug 3, 2009 9:57pm
Quoting paulw6182
i think MM_B1 not working on 4digit broker i did add a zero to tp and sl.
Solution to your Script issue!

Hi Paul, I was talking with a friend I was showing this strategy to and he had the same issue, but I know he is severly computer challenged, so I walked him through, step by step, making sure his platform was ready to trade.

In the process one of the setting I had him change was the "Allow Live Trading" setting for Expert Advisers in the Tools - Options - Trades area. sure enough it wasn't checked. When he selected "allow" the scripts started working.

SO,,, you probably need to set "Allow Live Trading" as in the two images below. Then click "OK" and they should work just fine. THEN be sure the SL and TP are correct for the number of digits on your platform.

Clay
Attached Images
  • #4,890
  • Aug 3, 2009 10:25pm Aug 3, 2009 10:25pm
Quoting golden1
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...
I agree too with this information.ATR above/below ATR 20
  • #4,891
  • Aug 3, 2009 10:26pm Aug 3, 2009 10:26pm
hey, can some one point me in the right direction to get renko charts? Seems i cannot even find one to purchase for mt4. any help would be appreciated! thanks
I got maths..
  • #4,892
  • Aug 3, 2009 10:27pm Aug 3, 2009 10:27pm
Edge, ingenious decision to require that new indicators be proven before introduced. That will do away with the indi flavor of the day, and will make those who want to post one hesitate before doing so. He or she will have to do the work required to prove it up, preferably with real trading even if just pennies. Who knows, there could be some better indicators out there. Seems that the HMA color nrp won out over the LWA, so that was an indicator that has proven it's worth and replaced another. I also see that you added the momentum 4 indi that wasn't here before.
  • #4,893
  • Edited 10:44pm Aug 3, 2009 10:30pm | Edited 10:44pm
I've got the new renko EA running in a visual backtest on renko bars. Just wanted to let you know it's working (and its blowing the shit out of the pips too boot (79 wins, 11 losses from 7/8 til present. not a long test but all I could get converted to renko on short notice).
Nice job DX, will start comparing forward testing with backtesting to see how accurate it is.
Attached Image (click to enlarge)
Click to Enlarge Name: dxrenko.backtest.gif Size: 8 KB
  • #4,894
  • Aug 3, 2009 10:30pm Aug 3, 2009 10:30pm
HMA color set at 8,3,3,true,2,0

I believe these setting make the HMA based on the Low price for the bar. Any particular reason for this change from close or weighted close?
  • #4,895
  • Aug 3, 2009 10:42pm Aug 3, 2009 10:42pm
Hey guys, 1st post here at FF. I have read through the entire thread and am currently re-reading through just to see if I missed any "tidbits"(although I do realize everything I need is in post#1). So needless to say I am still playing catch up with C4 scalping and eventually move on to Renko. But I just wanted to thank Edge first of all for presenting this trading method that I am confident will greatly assist me in my trading career. And secondly, to all the team players for their "assists" in helping me to fully utilize this plan. Good job, guys!

So Edge, thanks and keep up the good work!

PS. DX, thx for the ea, that was a cool, unselfish gift.
  • #4,896
  • Aug 3, 2009 10:46pm Aug 3, 2009 10:46pm
I feel that I need to redeem myself! I have strayed from simplicity, and have been smacked in the face (among other areas).

The only way I could sleep tonight was by cleansing my MT4 of all my ridiculous flavor of the day indicators!!

I'm ready to learn again, I am ready for help, and I am ready to embrace less is more.

There's a reason I found this thread, and it is because NONE of the indy's I was using before have been working.

Here is my template, built to mirror the example on the updated post #1.

I wrote myself this note today:

"There is no Holy Grail, and therefore any effort expended in it's search is energy diverted from profits today"

I am now re-learning C4, while I wait for a PM on where to buy the Renko package.

-At Peace.
Attached Image (click to enlarge)
Click to Enlarge Name: Redemption_C4_1.jpg Size: 108 KB
  • #4,897
  • Aug 3, 2009 10:53pm Aug 3, 2009 10:53pm
Quoting IrishPips
I quickly recoded the LWMA so it can go into a separate window--if navigating around MT4 platform is abit confusing for some
Thanks heaps Irish.

I used your new modified LWMA and it works a treat.

"Apply to" box just doesn't appear when I use the original indicator.

Cheers
Greg
  • #4,898
  • Aug 3, 2009 11:01pm Aug 3, 2009 11:01pm
Quoting DXTrade
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!
I just wanted to ask why would anybody need his name or account balance or the name of the broker on the chart?
  • #4,899
  • Aug 3, 2009 11:05pm Aug 3, 2009 11:05pm
Quoting Indrek
I just wanted to ask why would anybody need his name or account balance or the name of the broker on the chart?
Did you get my PM?
  • #4,900
  • Aug 3, 2009 11:35pm Aug 3, 2009 11:35pm
Quoting Edgetrader
How a trader chooses to use Renko or any other tool is of course their own decision.

As long as the trading plan is neither violated or modified within the thread, I actively promote research that may prove beneficial to the thread in general. Until that time, anything shown that can be construed as an unproven alteration cannot be allowed as it provides nothing more that a distraction.

As all know, Nitro is set at +5 level and is based on a 10 tic brick. As such, anything dipicting an alteration is, as mentioned, contrary to the threads purpose...
I will try to delete as many of my previous messages as I can. It seems, only the very last ones have maintained the deleting option...
All traders who want to discuss how to use these systems in a different way are welcome to another thread that is called "MTF Trix System".
Would like to focus on how to improve entries, how to have a normal risk-reward ratio (at least 1:1) and of course - how to not leave available pips at the table.
All ideas and people are welcome, any kind of personality cult strictly forbidden.
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