C4 Scalping | Page 258 | 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

  • #5,141
  • Aug 4, 2009 3:27pm Aug 4, 2009 3:27pm
I like the original artwork from edgetrader - page 1.
GBPUSD, 5 min, 2009:08:04
Attached Image (click to enlarge)
Click to Enlarge Name: C4, p1, 2009.08.04, 800x600.jpg Size: 80 KB
  • #5,142
  • Aug 4, 2009 3:45pm Aug 4, 2009 3:45pm
Quoting paulw6182
Todays results of this c4 ea, seams its oblivous to flat range.
Balance is now 800.18 from 1000 start yesturday -20% in a day and 1/2 -140pips oouch!!
I am afraid this EA is working on Renko but not on ordinary charts. I think DXTrade even mentioned this in one of his posts?
  • #5,143
  • Aug 4, 2009 3:52pm Aug 4, 2009 3:52pm
Quoting Indrek
I am afraid this EA is working on Renko but not on ordinary charts. I think DXTrade even mentioned this in one of his posts?
ok sory i thought that he latest ea was just another one specificly for renko thats the way i interpereted it. so thers no point me testing this because i dont have renko yet. mayb someone else with renko can test it ok cheers. i deleted my last message
  • #5,144
  • Aug 4, 2009 3:53pm Aug 4, 2009 3:53pm
Quoting Indrek
Ok, but GU is still very predictable. When trading GY you can have +3 pips and after you return from bathroom it is already -300

I have 52 pairs available, even some that I cannot understand what they are. Like SGD/JPY...
The choice of the various pairs to use is one that I am wrestling with.
The broker I am currently using (interbankfx) has a 6 pip spread on the AUDJPY, so for me to scalp 5 pips I need to get 11

although part of me says....if Edge says jump, I should say how high......the other part of me says it does not make sense for me to trade the AUDJPY

I am considering moving to Onanda as they have much better spreads.
  • #5,145
  • Aug 4, 2009 3:53pm Aug 4, 2009 3:53pm
Quoting paulw6182
ok sory i thought that he latest ea was just another one specificly for renko thats the way i interpereted it. so thers no point me testing this because i dont have renko yet. mayb someone else with renko can test it ok cheers
I let it run today at my demo account for some time. One loser, other winners. But it behaves in a strange way - did not take short trades at the beginning and ignored GY totally
  • #5,146
  • Aug 4, 2009 3:58pm Aug 4, 2009 3:58pm
Quoting pgpb
The choice of the various pairs to use is one that I am wrestling with.
The broker I am currently using (interbankfx) has a 6 pip spread on the AUDJPY, so for me to scalp 5 pips I need to get 11

although part of me says....if Edge says jump, I should say how high......the other part of me says it does not make sense for me to trade the AUDJPY

I am considering moving to Onanda as they have much better spreads.
FWIW...I only take spreads less than 5...it seems silly to pay a 8.9 pip spread on a trade I expect to last 5 min-1Hr...now if it were long term trade then no biggy.
  • #5,147
  • Aug 4, 2009 4:00pm Aug 4, 2009 4:00pm
Quoting pgpb
although part of me says....if Edge says jump, I should say how high......the other part of me says it does not make sense for me to trade the AUDJPY
Listen to the other part if you feel like this Because when going for real big money, it will be YOU who has to make decisions. And nobody else is going to share the responsibility with you
  • #5,148
  • Aug 4, 2009 4:09pm Aug 4, 2009 4:09pm
Quoting Indrek
I let it run today at my demo account for some time. One loser, other winners. But it behaves in a strange way - did not take short trades at the beginning and ignored GY totally
thats interesting so renko realy is totaly different,
i think you might get better results if you buy&sell like after five reko brick of same colour same for the candles getting in more mid trend since its only 5 pip rather then just afer a trend changing were it can go etherway
  • #5,149
  • Aug 4, 2009 4:09pm Aug 4, 2009 4:09pm
Quoting Indrek
Listen to the other part if you feel like this Because when going for real big money, it will be YOU who has to make decisions. And nobody else is going to share the responsibility with you
Yes, I know, and I fully agree. I think what Edge is offering us, is discipline, something most traders lack, but ultimately it is self discipline that will make us successful.

By the way, I think I should start a group called IA (indicators anonymous)
I keep on taking them off my charts and I find I keep on wanting to add them, it is kind of funny. "Hello, my name is PGPB and I am an indicator-aholic"
Actually it is not funny at all, I know it also has to do with learning to trust my tools, and myself.

PGPB
  • #5,150
  • Aug 4, 2009 4:16pm Aug 4, 2009 4:16pm
Quoting pgpb
Yes, I know, and I fully agree. I think what Edge is offering us, is discipline, something most traders lack, but ultimately it is self discipline that will make us successful.

By the way, I think I should start a group called IA (indicators anonymous)
I keep on taking them off my charts and I find I keep on wanting to add them, it is kind of funny. "Hello, my name is PGPB and I am an indicator-aholic"
Actually it is not funny at all, I know it also has to do with learning to trust my tools, and myself.

PGPB
I have passed the phase, too. To be a indicator-aholic. And other dangerous desease is to be a forexnews-aholic
But discipline without independent thinking is the worst thing... So, do not jump if anybody tells you before you have a clear answer to the question "why"
  • #5,151
  • Aug 4, 2009 4:31pm Aug 4, 2009 4:31pm
PGPB,

Am with Oanda and the spreads are good, most of the Nitro pairs range from 0.8 to 3.5.... not that many charting options though so use FXDD for charts. Has a few problems when it comes to difference in price not that much to cause too many problems though.

Have had a nightmare day taking trade that just weren't there AT ALL and puting on longs instead of shorts.....killed my perfect run of 13 for 13 but and writing off the day to bad operator. Nitro cant be blamed if the private blows himself up not the enemy!

I have found that my Renko differ quite a lot complaired to others. This has been discussed and it was commented that it may be down to the start price...... Is this the final answer on this subject or are there any other ideas please? Sir?.....
  • #5,152
  • Aug 4, 2009 4:35pm Aug 4, 2009 4:35pm
Quoting SkyzerFX
Your HMA setting look to conservative that's why you got
Pair going down well above RED HMA.. HMA Settings doesn't look right..
Skyzer, I've double checked against post 1 and settings are the same as that. If there's a better setting pls let me know.

thanks.

Attached Image
  • #5,153
  • Aug 4, 2009 4:36pm Aug 4, 2009 4:36pm
Hi everyone,

it's both amazing and frightening to understand how much our mind can play trickks with us: i spent the whole day acumulating losses, in fact i lost all the $ i had earned yesterday with the bulls on the EU, trying to scalp.

what is funny (or stupid, you name it) is that right now i look at most of the trades and they were all against the existing movement! some how it's as if they were ment to lose money. how come i didn't see it all day. i was getting kind of desperate, huge headache, revenge trading, doing everything i shouldn't...

why do we have these days? today the EU was supposed to be good for scalpers.


now that the steam is off, at what $/pip do you trade scalping. i use 25$ per pip. would you consider it adequate for a small acount (5000$)

i know its risky but either you earn some money or might as well be doing something much less painfull.

good trades
dreams do come true.
  • #5,154
  • Aug 4, 2009 4:41pm Aug 4, 2009 4:41pm
Quoting SkyzerFX
Your HMA setting look to conservative that's why you got
Pair going down well above RED HMA.. HMA Settings doesn't look right..

True, but I am using settings that were offered up by Edge in post 1. Funny enough they are only one period off than what I offered up when I posted the HMA no rp indi as a suggested primers over the LWA (9,3,3 were my originals)
  • #5,155
  • Aug 4, 2009 4:55pm Aug 4, 2009 4:55pm
Quoting wannaberich
Hi everyone,

it's both amazing and frightening to understand how much our mind can play trickks with us: i spent the whole day acumulating losses, in fact i lost all the $ i had earned yesterday with the bulls on the EU, trying to scalp.

what is funny (or stupid, you name it) is that right now i look at most of the trades and they were all against the existing movement! some how it's as if they were ment to lose money. how come i didn't see it all day. i was getting kind of desperate, huge headache, revenge trading, doing everything i shouldn't......
If you trade 25 dollar pips on a 5000 account and you are not an experienced trader you will soon find yourself in financial pain. Risky for me on that size account would be .5 lots or $5 per pip. You should set up a realistic trading plan with daily goals of +/-2-4%, which would be $100-$200 daily. Trading .5 lots with a goal of 20 pips daily would be your 2%. You will be surprised how fast $5000 can get eaten up after only a couple of 20-30 pip losses at $25 per pip.

Q
The Only Constant Is Change!
  • #5,156
  • Aug 4, 2009 5:27pm Aug 4, 2009 5:27pm
Quoting saylu
Skyzer, I've double checked against post 1 and settings are the same as that. If there's a better setting pls let me know.

thanks.

Attachment
With a setting of 8 the HMA offers no filtering and always agrees with Renko. I would recommend a setting of 12 and you will see a difference where it keeps you out of strong reversals. Give it a shot and look at few charts to see if you agree.
If it backtests good run it live!
  • #5,157
  • Aug 4, 2009 5:44pm Aug 4, 2009 5:44pm
Quoting pilotui
Man, what a difference Nitro is over C4. Seriously...I used my real FXCM UK acct but only traded 10K lots...down from my normal 500K size! It always happens that when I scale back I make money and when I go big or go home...well I usually go home empty-handed.

Kudos to Edge and all those who have worked on Nitro...It is AMAZING.

Here are my first 2 Nitro trades. +43 pips in @ 15 Min.

Followed the exact setup/entry rules on the 1st post. Brilliant!!

Hi pilotui congrats for your first 2 nitro trade, can you tell me where you buy your renko chart package for MT4 ? thanks

Luk
  • #5,158
  • Aug 4, 2009 5:48pm Aug 4, 2009 5:48pm
Quoting pgpb
The broker I am currently using (interbankfx) has a 6 pip spread on the AUDJPY, so for me to scalp 5 pips I need to get 11
Doctor Iv, I absolutely agree with you on this... Soon, finally, I'm going to
fund my Uk account and only scalp on pairs with spreads 3 or better..
If there is only 2 pairs EU/GU, so be it!
At 5+ spread the only one scalping is your broker, whatever you do
win or lose, he always win..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #5,159
  • Aug 4, 2009 5:58pm Aug 4, 2009 5:58pm
Hi everyone,
This is my first post and so I would like to thank everyone for this thread. It has been terrific reading. Special thanks to Edge - love U man!

I will be traiding C4 on demo for a while before trying Nitro.

A couple of questions to get me started:

1) How do I put a grid on the chart? I'm new to MT and I think a grid of 10pips spacing would be great for a visual of PA - the auto scaling can play tricks... I have experimented but I cant get a fixed grid of 10pips! Of course this does not matter with Renco bars.

2) Have the MTF indicators 'bit the dust'? re: making 'concervative' trades.

Cheers,
John.
  • #5,160
  • Aug 4, 2009 6:03pm Aug 4, 2009 6:03pm
Quoting DETrader
I offered up when I posted the HMA no rp indi as a suggested primers over the LWA (9,3,3 were my originals)
Indeed.. On my list here I see 9/2/3 for HMA_norep, could this be any better maybe?
HMA should be closer to action (IMHO), but I'm sure you are more
experienced FX trader I ( I came from Stocks trading, still doing fine, just like to get more action)
and I could be wrong.. But changing few setting
here and there and see how it looks won't hurt anyways..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
4 traders viewing now