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C4 Scalping

  • #4,921
  • Aug 4, 2009 1:22am Aug 4, 2009 1:22am
Quoting scoops
also, should i wait for the candle to close before i jump into a trade?
Hey Scoops,

Welcome!
I am fairly new to the thread here as well, and I come from a very different trading strategy than what is here. It is very difficult to answer your questions in a cut and dry way because only by reading the thread, can you begin to see things from a different perspective - which, by the way, is a very good thing!!
I suppose you wanted a simple answer, but, seriously, do yourself a favor, and read through the whole thing. You will be happy you did!

Mike
  • #4,922
  • Aug 4, 2009 1:35am Aug 4, 2009 1:35am
Quoting GrZack
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...

thanks for the reply


i thought the trix was the detonator and the hma was the primer? so wait for the hma to change color and wait for the trix to cross the 0 line, then enter?

and i cant use the renko since i will not pay for it
-2 SCOOPS OF PROFITABLE RAISINS
  • #4,923
  • Aug 4, 2009 1:38am Aug 4, 2009 1:38am
Quoting paradoxical
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...
Always believed in the good old HULL MA... like many others before me.

Always a winner when used with correct settings...
  • #4,924
  • Aug 4, 2009 1:43am Aug 4, 2009 1:43am
Quoting scoops
thanks for the reply


i thought the trix was the detonator and the hma was the primer? so wait for the hma to change color and wait for the trix to cross the 0 line, then enter?

and i cant use the renko since i will not pay for it
Ahhh, I see

yes, the trix is the detonator, but WAIT TILL THE CANDLE CLOSE! --> one of the most important thing here.
HMA could be the primer. Try different settings.
- 8, 0, 3;
- 12, 3, 3;
- 20, 0, 3 (default)

Regards,

GrZack
  • #4,925
  • Aug 4, 2009 1:45am Aug 4, 2009 1:45am
Originally Posted by Indrek http://cloud.forexfactory.com/images...s/viewpost.gif (http://www.forexfactory.com/t/181900/showthread.php?p=2927424#post2927424)
I just wanted to ask why would anybody need his name or account balance or the name of the broker on the chart?

Internet and public forum ... no safety in this era

I mistook a post earlier by a respected trader.... it was meant as a joke!

I dont make jokes on security issues on public open forums....

  • #4,926
  • Aug 4, 2009 1:52am Aug 4, 2009 1:52am
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?
Specially for you my friend a comment cleaned version of the same EA.
Do you know your leverage by heart all of you? http://www.forexfactory.com/t/181900...im/winking.gif

Attached Fileshttp://cloud.forexfactory.com/images/attach/ex4.gifDXTrade C4 Renko EA.ex4 (http://www.forexfactory.com/t/181900/attachment.php?attachmentid=283660&d=1249361195) (12.3 KB, 38 views)
Thanks Dxtrader for this version... nothing is safe in this internet era...there is bank high security being hacked into...

I am sure many traders who are security conscious are aware of lurking undersireables....

I will certainly use this version....

Please confirm Indrek that this version is bug free.
  • #4,927
  • Aug 4, 2009 1:54am Aug 4, 2009 1:54am
Quoting lrathi
Specially for you my friend a comment cleaned version of the same EA.
Do you know your leverage by heart all of you? http://www.forexfactory.com/t/181900...im/winking.gif
Attached Fileshttp://cloud.forexfactory.com/images/attach/ex4.gifDXTrade C4 Renko EA.ex4 (http://www.forexfactory.com/t/181900/attachment.php?attachmentid=283660&d=1249361195) (12.3 KB, 38 views)
Thanks Dxtrader for this version... nothing is safe in this internet era...there is bank high security being hacked...
I think it is bug free as it already has opened some trades on my demo account.
But having my name on screen is not a security issue for me but simply strange. I tend to remember who I am And in the mornings when I do not remember, I prefer to buy a beer or two and not currencies
  • #4,928
  • Aug 4, 2009 2:05am Aug 4, 2009 2:05am
First EA trade on AJ and GJ each closed with 5Pips on my live peanuts test account.
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  • #4,929
  • Aug 4, 2009 2:26am Aug 4, 2009 2:26am
Renko manual trade short AJ 5Pip.
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  • #4,930
  • Aug 4, 2009 2:34am Aug 4, 2009 2:34am
Updated DXTrade C4Renko failed to take short trade on GJ.
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  • #4,931
  • Aug 4, 2009 2:36am Aug 4, 2009 2:36am
Quoting Pipo
Updated DXTrade C4Renko failed to take short trade on GJ.
Yes, it seems to me also that it does not take short trades at all.
  • #4,932
  • Aug 4, 2009 2:40am Aug 4, 2009 2:40am
Seems to me as well... took 2 winners on EJ and EU... two times +5 but didn't take the sells...

Holy Madonna... I thought I had finished coding for today...

Be right back...
"The only successful substitute for brains is silence."
  • #4,933
  • Aug 4, 2009 2:41am Aug 4, 2009 2:41am
Same here Indrek. EA didn't take short trade in GJ, Ej & EU.
  • #4,934
  • Aug 4, 2009 2:46am Aug 4, 2009 2:46am
Very strange, because while backtesting it's taking the sales... ??? ... !!!

Hhhmmm.... will see
"The only successful substitute for brains is silence."
  • #4,935
  • Aug 4, 2009 2:58am Aug 4, 2009 2:58am
Hey DX...

I've just finished to code my EA with the 1st post rules....

;-)

Just took 3 trades +5 +5 +5

I think mine and yours are very similar...

Buuuuutttttt.....Today and for the next day i ONLY wanna trade manual with the 1st post rules....
The most important think is to trade manual...we have to be "experts" in demolition...
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Market is like a puzzle, YOU have to fit the pieces!!
  • #4,936
  • Aug 4, 2009 2:59am Aug 4, 2009 2:59am
Mine took two sells when I first fired it up, but this was when the ea was erroring due to the dx indicator being named wrong. I renamed it to get it trading it it took two shorts right away.
After you fixed the ea+indicator for this error, I downloaded and replaced, and haven't had a short since. Maybe that'll help you isolate, dunno.
  • #4,937
  • Aug 4, 2009 3:10am Aug 4, 2009 3:10am
GBPUSD +20

Trade done with custom EA (LSD)

No problems so far with EA.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Aug. 04 09.43.gif Size: 18 KB
" Never let the past hold the future to ransom "
  • #4,938
  • Aug 4, 2009 3:11am Aug 4, 2009 3:11am
EURJPY +20

EA (LSD)
Attached Image
" Never let the past hold the future to ransom "
  • #4,939
  • Aug 4, 2009 3:13am Aug 4, 2009 3:13am
EURUSD +20

EA (LSD)
Attached Image
" Never let the past hold the future to ransom "
  • #4,940
  • Aug 4, 2009 3:17am Aug 4, 2009 3:17am
Quoting Chris_B
Hey DX...

I've just finished to code my EA with the 1st post rules....

;-)

Just took 3 trades +5 +5 +5

I think mine and yours are very similar...

Buuuuutttttt.....Today and for the next day i ONLY wanna trade manual with the 1st post rules....
The most important think is to trade manual...we have to be "experts" in demolition...

Maybe we should use yours instead of mine
Would spare me some time with my wife.. LOL

Made a visual backtest and it took shorts and longs as coded...
Have no idea why it doesn't do it now. Maybe filtered through MOM or HMA... will let it run more to see...
"The only successful substitute for brains is silence."
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