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C4 Scalping

  • #5,061
  • Aug 4, 2009 10:38am Aug 4, 2009 10:38am
Thanks Ian

So i should just leave it is it for TRIX to start working again?, Also even if unzoom it does not go any further interms of history. Anything I can do for it to downloading the history?
  • #5,062
  • Aug 4, 2009 10:42am Aug 4, 2009 10:42am
Quoting SkyzerFX
Anyways I strongly feel that using this system in range market
it's like flipping a coin cause those TRIX alarms going SELL/ BUY
every few minutes.... Check this out. Those tiny red lines on the charts are
SL (17) and TP (5)
Perfect example how you
can LOSE 20-30 pips a day instead of making it:
Also a perfect example of how to go out on your own and use a trading pair that is not recommended for Nitro.

Regards.
  • #5,063
  • Aug 4, 2009 10:42am Aug 4, 2009 10:42am
Quoting Edgetrader
C4 is designed to get a trader thinking constantly. This helps make them sharp and alert. It also is an attempt to BREAK them from thinking totally mechanical trading constantly.

This is why it is important to initially learn to 'improvise, adapt and overcome'.

This thread is not going to be the run of the mill type where a trading plan is provided and you can just trade it or not. My goal is modest, but it is not that modest.

...

Next, the trap is set and sprung. Consider this. If you are trading C4, and you are using a 'SM Scalper' candle...
Edge, I appreciate the feedback. I honestly have not paid enough attention to what the Scalper candles are doing. Back to Simplicity!

Thanks,
4XTrader2
  • #5,064
  • Aug 4, 2009 10:47am Aug 4, 2009 10:47am
Quoting Edgetrader
Also a perfect example of how to go out on your own and use a trading pair that is not recommended for Nitro.
Regards.
Oh, yeah, I see Edge, my bad.. Will switch do recommended pairs..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #5,065
  • Aug 4, 2009 10:50am Aug 4, 2009 10:50am
Hi together
I'll make an EA for this System maybe someone want to recomment any settings for the indicators.

Regards
{Promotion Removed}
  • #5,066
  • Aug 4, 2009 10:59am Aug 4, 2009 10:59am
Quoting adler
Hello Tommy

Many thanks friend for your help
Finally managed to get it. One thing I did not understand is for renko charts there is no TF?

OK trix is behaving very badly when i attached to the chart anyidea why?

When adding the RENKO script you need to up the "MAX BARS" under the inputs. Try 15,000 or so. Thats should get it working properly..
  • #5,067
  • Aug 4, 2009 11:00am Aug 4, 2009 11:00am
I wonder whether part of the problem for those of us struggling with C4 or Nitro is an inability to judge whether a trade has sufficient momentum to give a high probability entry?. It's an area not touched on in a big way so far but is perhaps part of the elusive 'get a feel for PA' skill.

Gleneagles, for example, is very successful and I notice (and he's subsequently said) that many/most of his trades have a filter based on the signal Hi/Lo being taken out by the next (or similarly close) candles.

Personally I'm having mixed results with C4, even with some discretion exercised in entries.
  • #5,068
  • Aug 4, 2009 11:09am Aug 4, 2009 11:09am
Quoting Gleneagles
GBPJPY +20

EA (LSD)

Expert and source code to follow.
Am going to simply use one of 'Gleneagles' chart shots as a general guide in C4 trading here.

If you wish, take the time to review as many chart shots as he chooses to provide. All have the appearance of showing one thing in common, patience!

As for me, I notice how it is routinely displayed how he allows PA to 'develop' somewhat before initiating a trade. It may seem as though these are late entries, but we are talking about 'noisy' candlesticks here.

Let the trade come to you, do not trade C4 by mechanical means alone.

Regards.
  • #5,069
  • Aug 4, 2009 11:14am Aug 4, 2009 11:14am
Quoting MTAWcja
Hi together
I'll make an EA for this System maybe someone want to recomment any settings for the indicators.

Regards
Good way to get banned really quickly.

Easy enough to read page one and see what is utilized. If you choose to then supply an ea that is FULLY TESTED, that is great. The thread would be most accommodating to your efforts.

Regards.
  • #5,070
  • Aug 4, 2009 11:15am Aug 4, 2009 11:15am
Quoting adler
Hello Tommy

Many thanks friend for your help
Finally managed to get it. One thing I did not understand is for renko charts there is no TF?

OK trix is behaving very badly when i attached to the chart anyidea why?

Happy to help, check your pm..
  • #5,071
  • Aug 4, 2009 11:16am Aug 4, 2009 11:16am
Quoting 4xtrader2
Edge, I appreciate the feedback. I honestly have not paid enough attention to what the Scalper candles are doing. Back to Simplicity!

Thanks,
As mentioned, the use of scalper candles eliminates all need for additional trix indicators.

Regards.
  • #5,072
  • Aug 4, 2009 11:18am Aug 4, 2009 11:18am
Quoting Yidrasil
I wonder whether part of the problem for those of us struggling with C4 or Nitro is an inability to judge whether a trade has sufficient momentum to give a high probability entry?. It's an area not touched on in a big way so far but is perhaps part of the elusive 'get a feel for PA' skill.
Yes, if you check out the recently updated page 1 you will see we are using momentum.
Q
The Only Constant Is Change!
  • #5,073
  • Aug 4, 2009 11:23am Aug 4, 2009 11:23am
Quoting ak4x
Makes it easier to lurk...


What a freakin great Post!!

That "mantra" ((the first time I've ever heard it actually)) just went into my collection of Great FF Trading Quotes. Makes me wonder what other ones I've missed a'rd here...

Sorry, just had to butt in here with a sincere
4700+ postings and 10 vouchers is not exactly butting in but instead worthwhile commentary in any form.

Highest Regards.
  • #5,074
  • Aug 4, 2009 11:27am Aug 4, 2009 11:27am
Thanks GlenEagles your input is most extraordinary! I'm sure everyone that is serious about this thread has appreciated your time and patience, including Edge!
Q
The Only Constant Is Change!
  • #5,075
  • Aug 4, 2009 11:30am Aug 4, 2009 11:30am
Quoting Gleneagles
GBPUSD 30M

1) First session 06H00-10H00 GMT
2) Second session 10H00-16H00 GMT

ATR (2) horizontal line set at 30 pips

Just to take up on the ATR discussion again.
You will see VERY few trades that I will post that fall in the period where ATR is below 30 pips on this pair.
Anything below 30 pips is either consolidation or a period before or after trend change...same effect...risky.

You can just change to 5M TF and change horizontal line to 10-15 pips and see the same pattern.

I reckon it adds an extra 15%-20% winning trades( at least for...
Good posting here.

It seems the 'preferred' trading time for C4 is very good also as it seems 30M ATR is almost always above the prerequisite 30 level.

Just guessing.

Regards.
  • #5,076
  • Aug 4, 2009 11:31am Aug 4, 2009 11:31am
Quoting Edgetrader
Am going to simply use one of 'Gleneagles' chart shots as a general guide in C4 trading here.

If you wish, take the time to review as many chart shots as he chooses to provide. All have the appearance of showing one thing in common, patience!

As for me, I notice how it is routinely displayed how he allows PA to 'develop' somewhat before initiating a trade. It may seem as though these are late entries, but we are talking about 'noisy' candlesticks here.

Let the trade come to you, do not trade C4 by mechanical means alone.

Regards.
Edge,

You have summed it up 100%.
If you walk in on a bar brawl and you want to participate, it is a lot safer to wait until everybody is on the floor bleeding before you walk around kicking people in the #@$%.

I said before...pull the lion`s tail when he is not watching you.
" Never let the past hold the future to ransom "
  • #5,077
  • Aug 4, 2009 11:33am Aug 4, 2009 11:33am
Quoting Edgetrader
Good posting here.

It seems the 'preferred' trading time for C4 is very good also as it seems 30M ATR is almost always above the prerequisite 30 level.

Just guessing.

Regards.
Right, normally the activity will peak above 30 during one or both sessions, it is when it drops below 30 that you have to be extra careful.
" Never let the past hold the future to ransom "
  • #5,078
  • Aug 4, 2009 11:34am Aug 4, 2009 11:34am
Quoting JazzmanQ2
Yes, if you check out the recently updated page 1 you will see we are using momentum.
Q
Jazz, yes, I know thanks (I have the overlaid Trix). My post was aimed at stimulating discussion on the topic, especially from the more experienced traders.

I find myself in somthing of a dichotomy at the moment whereby I have settled into entering on the close of an MA-crossing candle (Edge has today confirmed the candle doesn't have to cross which was useful). On the other hand, those posting C4 charts of successful trades are often taking entries a candle or more after the signal candle has closed (letting PA develop presumably). I'm therefore considering whether to change my entry tactics to reflect the latter.
  • #5,079
  • Aug 4, 2009 11:35am Aug 4, 2009 11:35am
Quoting MTAWcja
Hi together
I'll make an EA for this System maybe someone want to recomment any settings for the indicators.

Regards
Please don't!
******************* I'd rather make money than be right.
  • #5,080
  • Aug 4, 2009 11:37am Aug 4, 2009 11:37am
FX:
Not sure I would trust fxdd data for anything, so filtered. I do use them for live trading, but I am well aware of how filtered their tick data is. I do like alpari's data, it's too bad they took the databank down.
In any case, I might not need to duplicate your backtest to know the result. I have had the ea running live since DX released it, on the approved 6 pairs (well 5 pairs plus eu) and it's already sliding downhill. 23wins, 9 losses. At +5tp and -30SL, you can do the math here :/ To make it even worse, it appears most of the actual stopouts (not reverse signal closures) are actually 35 pip stops for some reason. Just to add insult to injury I guess lol.

Have you tried adjusting the SL lower, to say 10 on your backtest, curious?


Quoting fxspeedster
Here are the best 2 alternatives....
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