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C4 Scalping

  • #5,001
  • Aug 4, 2009 8:07am Aug 4, 2009 8:07am
Quoting tazmaan
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
Here are the best 2 alternatives. I forgot I got FXDD data within the last 3 months. These 2 are my top 2 choices for MT4 data.
http://www.fxdd.com/en/mt1m-data.html
http://forextester.com/datasources.html

Again, I backtested few other pairs including the CHFJPY, GBPUSD and AUDJPY with the same result. Account gets blown within 2-3 months. It seems to me that just like the THV EA thread, people want to rely on forward testing and post 4-10 successful trades screenshots to feel good. But in the long run, unless we all realize (myself included) that if you are not able to generate a profitable backtest for an EA, your forward results will be no different, despite the excuses made.
Of course this concept has never been intended to be made into an EA and it may just be that it will always stay as a manual trading system. It's the same thing with Point & Figure charts.. great for manual trading and profitable but all EAs that are based on it lose big.

Good luck to all
If it backtests good run it live!
  • #5,002
  • Aug 4, 2009 8:08am Aug 4, 2009 8:08am
Lets see if this going to work:
Attached Image (click to enlarge)
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Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #5,003
  • Aug 4, 2009 8:10am Aug 4, 2009 8:10am
Quoting Gleneagles
Yup, just a bit of trader humor.
I use an EA to manage the trades only.

I am not against trading experts at all, just a personal preference.
Nice feeling to 'do the work' and feel the personal satisfaction of winning or losing based on ones ability to recognize a simple PA repetitive movement over and over and over and over again. Helps instill confidence in a new trader. Confidence leads to proficiency and then to expert.

Nice visual aids earlier.

Regards.
  • #5,004
  • Aug 4, 2009 8:12am Aug 4, 2009 8:12am
Can anyone tell what went wrong...Maybe stop to tight?? Everything looked good....stopped out, only to turn and head North to hit what would have been TP....
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  • #5,005
  • Aug 4, 2009 8:13am Aug 4, 2009 8:13am
Mom with a zero-line
Attached File(s)
File Type: mq4 Momentum-ZL.mq4   2 KB | 658 downloads
/ ... clarifying decisions ... /
  • #5,006
  • Aug 4, 2009 8:17am Aug 4, 2009 8:17am
Quoting bisecom
Gleneagles, thanks for your answer.
I downloaded again the indis from page No1 and that HMA has different view.
At your graf HMA has some breaks and arrowes.
Could you send your indi?
Rgd.
I answered the Q regarding the arrows on the chart yesterday. Post # 4719.

Regarding the HMA, same mother, different father. I used LWMA and took out the neutral color....that is why you see gaps in the line.

I use 2 indi`s as stated, you don`t need any more.

Go back and read the post, look for the indi and if you still have a problem, I will gladly assist you.
" Never let the past hold the future to ransom "
  • #5,007
  • Aug 4, 2009 8:21am Aug 4, 2009 8:21am
Quoting cgforex
Can anyone tell what went wrong...Maybe stop to tight?? Everything looked good....stopped out, only to turn and head North to hit what would have been TP....
Cannot see from your chart - how big was your stop?
Price indeed went to your direction after you were stopped out... For EU, I have used SL 20-25
  • #5,008
  • Aug 4, 2009 8:21am Aug 4, 2009 8:21am
Quoting Edgetrader
Nice feeling to 'do the work' and feel the personal satisfaction of winning or losing based on ones ability to recognize a simple PA repetitive movement over and over and over and over again. Helps instill confidence in a new trader. Confidence leads to proficiency and then to expert.

Nice visual aids earlier.

Regards.
You are right...and the beauty is...it so darn simple and easy
It also serves as a great learning aid IMHO to master the basics first by trading manually before looking for an ATM.
" Never let the past hold the future to ransom "
  • #5,009
  • Aug 4, 2009 8:26am Aug 4, 2009 8:26am
Quoting Indrek
Cannot see from your chart - how big was your stop?
Price indeed went to your direction after you were stopped out... For EU, I have used SL 20-25
I had it set at 10 pip SL....
  • #5,010
  • Aug 4, 2009 8:28am Aug 4, 2009 8:28am
Quoting cgforex
I had it set at 10 pip SL....
10 pips is usually too tight. I use 20.
  • #5,011
  • Aug 4, 2009 8:29am Aug 4, 2009 8:29am
Hello Guys
Can you provide me a link to buy or download renko charts which you guys use and show as charts.

I searched all over and do not know how to get it.
Thanks
  • #5,012
  • Aug 4, 2009 8:31am Aug 4, 2009 8:31am
Gleneagles... assuming you are posting all your trades, you have found the magic trigger.... your posted trades look like a well directed symphony.

I hope to get close to what you are achieving.

Keep up the good work.

Wayne


Quoting Gleneagles
You are right...and the beauty is...it so darn simple and easy
It also serves as a great learning aid IMHO to master the basics first by trading manually before looking for an ATM.
  • #5,013
  • Aug 4, 2009 8:31am Aug 4, 2009 8:31am
Quoting Gleneagles
I answered the Q regarding the arrows on the chart yesterday. Post # 4719.

Regarding the HMA, same mother, different father. I used LWMA and took out the neutral color....that is why you see gaps in the line.

I use 2 indi`s as stated, you don`t need any more.

Go back and read the post, look for the indi and if you still have a problem, I will gladly assist you.
Thanks for your answer!
I like your humour!!
Again , thanks a lot for support.
  • #5,014
  • Aug 4, 2009 8:31am Aug 4, 2009 8:31am
Quoting parky87
First +5 for today. I find knowing when to close an order quite difficult. I got a bit doubtful when the trade drew down over 20 pips.

Yes, it will cause some anxiety at times. In addition, that is not a recommended Nitro pair to trade.

Regards.
  • #5,015
  • Aug 4, 2009 8:34am Aug 4, 2009 8:34am
Quoting Chris_B
My Rambo mission is a little bit bloody

data feeds are really different..
Which will reak havoc with an ea.

Not to mention spread differential among brokerages.

Regards.
  • #5,016
  • Aug 4, 2009 8:34am Aug 4, 2009 8:34am
LuckyLady & Indrek........Thanks I will widen my SL to 20 and see if that helps.
  • #5,017
  • Aug 4, 2009 8:38am Aug 4, 2009 8:38am
Quoting cgforex
LuckyLady & Indrek........Thanks I will widen my SL to 20 and see if that helps.
I know that many people use even 30 pips for any pair. But 10 never works.
The idea is to win trades quickly not to lose them slowly, that's why momentum and volatility are in play
  • #5,018
  • Aug 4, 2009 8:41am Aug 4, 2009 8:41am
You guys are all over the place with this system. I thought you were all supposed to be testing the same system by now (per Edgetrader's wishes). This is not rocket science here guys.

Just a few unsolicited suggestions:

1) Since you all are trying to test the same thing in demo, USE THE SAME BROKER! Edgetrader, just pick a broker (an MT4 broker with available tick data would probably be the perfect choice). Everyone else can follow suit. Bam, same data. Very easy.

2) Change the Renko script to give the option to start the Renko bars with the same prices. Everyone will then have the same data feed (see #1 above) and the Renko bars will open and close at the same price. Everyone should be exact. If none of you programmers on this thread can figure it out, contact the creator of the software. You guys threw him enough money, I'm sure he'll do it.

3) I'm sick of reading about how backtesting cannot be done. Of course it can, you just have to think about it a little bit. For starters, don't backtest with 1 minute data when tick data is easily available.

4) You guys are testing. Test all market conditions. Nitro should work at all times. Well, test during all times and market conditions. Don't add in your own filters - follow Edgetrader's page 1 instructions to the letter. That's how you determine if the strategy works for you. Isn't that the goal?

Let's get organized a little, huh?
  • #5,019
  • Edited 9:01am Aug 4, 2009 8:42am | Edited 9:01am
After day long thinking the EA finally took its first short trade. And I do not know why - what happened to it.
And the first short was lost!
  • #5,020
  • Aug 4, 2009 8:44am Aug 4, 2009 8:44am
Quoting Indrek
I know that many people use even 30 pips for any pair. But 10 never works.
The idea is to win trades quickly not to lose them slowly, that's why momentum and volatility are in play
In going back through some of my trades..I can see by widening my SL...I would have encountered more wins....I just get nervous when I see it pass -10pip but I will give a go..set TP & SL...and let PA do the rest...
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