C4 Scalping | Page 246 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

scalping strategy 31 replies

Trying scalping with a 1000 bucks - Scalping is expensive! 39 replies

Scalping PIPs? 5 replies

1M & 5M Scalping System (Scalping Paradise) 21 replies

Scalping 100 pips?! 3 replies

Attachments: C4 Scalping
Exit Attachments

C4 Scalping

  • #4,901
  • Aug 3, 2009 11:40pm Aug 3, 2009 11:40pm
Thanks to Edge for great work and many others who contribute.

I've been playing with every indicator on my navigator to see if I can improve what's here so far. Oh to have caught this trend!!!

Using the Rainbow on the Renko could lead to a pot of gold.
Greetings to all Batavier
Attached Image (click to enlarge)
Click to Enlarge Name: renko rainbow.gif Size: 72 KB
Just trade the pullback you idiot!
  • #4,902
  • Aug 3, 2009 11:50pm Aug 3, 2009 11:50pm
DX:
Not a big deal, but not sure if you've noticed the spread listed in the onscreen display doesn't account for 5-digit brokers. Obviously, we all know what our spread is, and that 55 is really 5.5, but just figured i'd let ya know
The EA works fine on 5digits, so that's all that matters
  • #4,903
  • Aug 4, 2009 12:03am Aug 4, 2009 12:03am
Quoting tazmaan
DX:
Not a big deal, but not sure if you've noticed the spread listed in the onscreen display doesn't account for 5-digit brokers. Obviously, we all know what our spread is, and that 55 is really 5.5, but just figured i'd let ya know
The EA works fine on 5digits, so that's all that matters
Well, not a big deal indeed... but I hate unfinished work

On my to-do list
"The only successful substitute for brains is silence."
  • #4,904
  • Aug 4, 2009 12:04am Aug 4, 2009 12:04am
Quoting DXTrade
Specially for you my friend a comment cleaned version of the same EA.
Do you know your leverage by heart all of you?
Should we know it? I think it is enough to look at the end of the day how much it has changed?
Thanks for the indy And I would still love one with all available settings working on every possible pair... But this is a forbidden topic, I know
  • #4,905
  • Aug 4, 2009 12:16am Aug 4, 2009 12:16am
Quoting Indrek
In fact, there are possibilities to use "higher TF" confirmation also on Renko. For example, I have LWMA12 and LWMA48 on my chart. And 48 IS higher TF, isn't it
And there is also a possibility to use Trix 6,1,1,1 or 7,1,1,1 to "simulate" higher TF
Spot on from another Higher TF confirmation trader....

Fewer trades but more winners.

Dxtrader C4 indicator with arrows uses the option of higher MA synch to place trades...
(This cannot be done for TRIX x2 due to programming difficulties as explained already by DXtrader....buffer limitaions etc.)

However, the EA has Trix options of using two trix settings to place trades.

No doubt.... using this EA to signal ,confirm visually before trigger is pulled is the way to be used.

For Dxtrader Only:

There seems some testing going on as to which MA is ideal...WMA or Hull at this stage.....

In future versions is itpossible to have an option in the MA INPUTS for traders to decide this option??

Many thanks DXTRADER.
  • #4,906
  • Aug 4, 2009 12:16am Aug 4, 2009 12:16am
Quoting tazmaan
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.
I ran a backtest too from 01-2009 until 3-2009 when it blew the $100k test account down to zero. I used the default settings that came with the EA and latest posted version. I backtested the EURUSD M5. Few comments:
1. The EA definitely has good trading periods when it just keeps winning trade after trade. If you just settle for 50-100 trades and you hit a "lucky" period - then you might think you hit the jackpot.
2. What happens is the stopped out trades overwhelm the 5 pip winners time and time again. Yes you may win 5 in a row which is great but you lose one of 30 pips and you're still in the hole.
3. I use Alpari exclusively for testing.
4. The DXC4Renko indicator is simply just the SMTrix set to 2,1,1,1. Identical signals.

Overall I am not disappointed or excited about it.. sort of neutral. I think it has potential but it needs work.
Would some of you be kind enough to run backtests on your own and post your results? In this way we can compare reports and possibly recommend new settings and ideas.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: DX-C4_Renko_backtest.jpg Size: 128 KB
If it backtests good run it live!
  • #4,907
  • Aug 4, 2009 12:18am Aug 4, 2009 12:18am
Profitable day. 6 out 7 winners (-4.3 gu, +2.5 gu, +5ey, +2ey, +5eu, +5eu, +5eu)

+20.2 for the day.

Look after the pennies and the dollars will look after themselves.
  • #4,908
  • Aug 4, 2009 12:22am Aug 4, 2009 12:22am
FX:
Did you run the backtest on renko bars, or regular 5min bars? I believe DX said he had no idea whether it functions correctly on the c4 (5min) method, only the nitro (renko) method.


Quoting fxspeedster
I ran a backtest too from 01-2009 until 3-2009 when it blew the $100k test account down to zero....
  • #4,909
  • Aug 4, 2009 12:24am Aug 4, 2009 12:24am
Quoting tazmaan
FX:
Did you run the backtest on renko bars, or regular 5min bars? I believe DX said he had no idea whether it functions correctly on the c4 (5min) method, only the nitro (renko) method.
I ran it on M5 Renko bars per your instructions (thank you kindly by the way). If you'd like to double check me, please run your test for the same period 01-05-2009 til current with a start balance of $100k. In this way we'll know for sure
If it backtests good run it live!
  • #4,910
  • Aug 4, 2009 12:31am Aug 4, 2009 12:31am
I will try to find some time at some point this week. I have too many things running here, and the platform I setup to run that backtest has now been tasked to run forward testing, so I don't want to interrupt it.
I'll try to find some time to install another instance, download enough 1min history to get back that far, and let you know what I come up with.
  • #4,911
  • Aug 4, 2009 12:37am Aug 4, 2009 12:37am
Quoting tazmaan
I will try to find some time at some point this week. I have too many things running here, and the platform I setup to run that backtest has now been tasked to run forward testing, so I don't want to interrupt it.
I'll try to find some time to install another instance, download enough 1min history to get back that far, and let you know what I come up with.
You may want to get M1 data from the Alpari Databank it seems to need about 10,000 bars before your backtest start date so if you get M1 data from Dec 1st 2008 til now you should be set.

Looking forward your results.
If it backtests good run it live!
  • #4,912
  • Aug 4, 2009 12:37am Aug 4, 2009 12:37am
Hi DXTrade
Congratulations for your DXTrade C4 EA v2 which is working greatly.
In your next version , I suggest 2 things:
1/ The possibility for the second trix to choose another TF ( if we trade in M5 to set a M15 trix for example ).... so a first trix in current frame and a second with a chosen TF.
2/ A timer to choose the best hours of market.
Best regards.
  • #4,913
  • Aug 4, 2009 12:40am Aug 4, 2009 12:40am
After installing the Renko script I went to open a M2 offline chart .
I see that in the M2 there are only a small number of bars .
Can someone expalain how the bars are generated ? How can I increase that number ?
Can I open the offline chart with M3 if I change the period on the script from 2 to 3 ?
Why some time frames are bold and in yellow ?
Thanks to everyone
David
Attached Image (click to enlarge)
Click to Enlarge Name: M2 offline.jpg Size: 184 KB
  • #4,914
  • Aug 4, 2009 12:44am Aug 4, 2009 12:44am
Quoting david4u
After installing the Renko script I went to open a M2 offline chart .
I see that in the M2 there are only a small number of bars .
Can someone expalain how the bars are generated ? How can I increase that number ?
Can I open the offline chart with M3 if I change the period on the script from 2 to 3 ?
Why some time frames are bold and in yellow ?
Thanks to everyone
David
Hi David,

pls do this:

"
Press Control + O
Click on Charts tab
Change Max bars in history to 250000
Change Max bars in chart to 250000
Click ok
Open 1 Min chart
Click, click, click, click on Zoom out
Now click on page up many times until you can't go back further.
Place s-Renko bars on chart
Setup the Renko
"

it'll solve your problem
  • #4,915
  • Aug 4, 2009 12:52am Aug 4, 2009 12:52am
The alpari databank is no longer available correct? If so do you have a new link for it (the official alpari site says no longer available).
Or are you referring to downloading it thru the mt4 history center (which I am not positive actually comes from alpari, might come from metatrader).
The history center is where I get it if I need that much back data. So whether it's actually alpari data or not, doesn't really matter to me, although I would like it if it was actually downloaded from them

Quoting fxspeedster
You may want to get M1 data from the Alpari Databank it seems to need about 10,000 bars before your backtest start date so if you get M1 data from Dec 1st 2008 til now you should be set.

Looking forward your results.
  • #4,916
  • Aug 4, 2009 1:06am Aug 4, 2009 1:06am
Quoting Edgetrader
Notice


The front page has been revised to reflect the trading plan and indicators I feel provide a trader the best opportunity to trade either C4 or Nitro as it was designed.

Please reference the material stated on that page and apply any future trading efforts with those indicators shown. This will help to rapidly build a consensus as to the plans viability characteristics. This is especially suited at providing an easy transition into trading this methodology by new thread followers and visitors.

Naturally,...
Thanks for this clear, precise update page #1.

No doubt as the strategies are refined to the LAST version (settings of indicators after testing)

If I may ask, for the benefit of the global forex community who think in GMT time to add in brackets the equivalent PST time in GMT time.

Perhaps the the link to time convertor as an option.This one is the link common linked to many other forex websites and threads.

http://www.timeanddate.com/worldclock/converter.html

Thank you for simple yet powerful strategies
  • #4,917
  • Aug 4, 2009 1:09am Aug 4, 2009 1:09am
hello everyone.

i just started reading this thread, and before i read all 330+ pages of it, i hope some of you wouldn't mind answering some basic questions i have. it would be greatly appreciated!


as far as exits go, waiting for the hma to change color is what is recommended in the first page. but is there another exit that i should be aware of?

Also, should i really only scalp to get just 5 pips a trade?

and lastly, what kind of RR is this? i noticed edge mentioned it wont achieve a 1:1 RR. So in your personal experiences, what kind of RR is there with this system on average?

is it profitable long term?

would you recommend me just trading EU exclusively?

thanks for all the help guys, i would REALLLY appreciate an answer! thanks soooooooooo much!

-scoopy doops
-2 SCOOPS OF PROFITABLE RAISINS
  • #4,918
  • Aug 4, 2009 1:13am Aug 4, 2009 1:13am
also, should i wait for the candle to close before i jump into a trade?
-2 SCOOPS OF PROFITABLE RAISINS
  • #4,919
  • Aug 4, 2009 1:19am Aug 4, 2009 1:19am
Quoting scoops
also, should i wait for the candle to close before i jump into a trade?
yes, but sometimes pa really starts to move
  • #4,920
  • Aug 4, 2009 1:22am Aug 4, 2009 1:22am
Quoting scoops

as far as exits go, waiting for the hma to change color is what is recommended in the first page. but is there another exit that i should be aware of?

Also, should i really only scalp to get just 5 pips a trade?

and lastly, what kind of RR is this? i noticed edge mentioned it wont achieve a 1:1 RR. So in your personal experiences, what kind of RR is there with this system on average?

is it profitable long term?

would you recommend me just trading EU exclusively?
Hiii,

go only for 5 pip
With a proper lot size you won't need more than 30-50 pip/day. Your profit will be fully covered with these 5 pips.
RR: good question... 1:6 RR not looks great, BUT do not forget that this is scalping, so 5 pip profit, 30 pip stop loss works fine for me.

Try to wait till brick closes above or below the LWMA --> this is the primer.
Than wait till the LWMA (and/or HMA) changes it's color -->this is your detonator. --> this brick (which is actually the next brick CONFIRM that the price is trending.)

Long term? We don't know, Edge is the only one who trading with this method. We are here (for 3 weeks) & started to test this strategy & change our mind

Look, if 'Nitro' works well on 4 pairs why do you want to trade only on EU? You'll have more chance to collect the target pips as soon as you can, if you trade on the mentioned four currencies as well.

"Get them all, than leave the war field".

Regards,

GrZack

ps.: sorry for my bad English
4 traders viewing now