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C4 Scalping

  • #5,261
  • Aug 5, 2009 8:16am Aug 5, 2009 8:16am
Nitro was a pretty easy venture after U.S. open today.

All sorts of trading op's across the board. PA hard to follow on 6 pairs at times but you get some pips and get out of the way.

Very easy at times to hit your goals quickly and exit the market with minimal exposure on a live account. You can always go back in on a demo account or vastly reduced lot level live account and gain further proficiency as you choose. Get the rent paid first, then go play as you wish. Be home on time for dinner though.

Regards.
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  • #5,262
  • Aug 5, 2009 8:16am Aug 5, 2009 8:16am
Quoting SwingMan
I can try, no problem. Have you the source code of the indicator? Many months ago I posted a very, very similar indicator...
I suppose is my indicator, but now I'm not on my computer. The indi information is very good, you are right.
Hi Mr. Swingman,

I'm so sorry, all I have is the .ex4 and I don't know where I downloaded it. Perhaps you can do some miracle

Best regards and thank you for all your work

BTW. your thread "H1Scalper System" seems to sleep a little. Any plans to awake it again?
If there are pips you can collect - just do it!
  • #5,263
  • Aug 5, 2009 8:17am Aug 5, 2009 8:17am
DXT, what's that line you have there on chart? 200 MA or
something? I see you trading EA? from another thread?
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #5,264
  • Aug 5, 2009 8:23am Aug 5, 2009 8:23am
Guy can you tell me how to update the M2(offline) chart for Renko
I tried my best tools/chart increase max and min bars to 999999999 and then opened m1 offline and then scroll the left as much as possible. But nothing updates M2(offline) and it is just 1 bar. Can you tell me what am i doing wrong plz....
  • #5,265
  • Aug 5, 2009 8:27am Aug 5, 2009 8:27am
Quoting DaveW
Pretty quiet today, 5 trades, 5 x +5 pips before Europe awakens.
Excellent charts and effort here.

Trade well defined, recognized, isolated and trains subsequently derailed.

Thx Dave.

Regards.
  • #5,266
  • Aug 5, 2009 8:30am Aug 5, 2009 8:30am
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.
The new DX EA for Renko; I see DX alluded to its inclusion in post 4900, but I don't see the new EA for download. I checked the paper clip and all I see is an EA by the same name a before, posted there on August 4th. It is named DXTrade C4 EA v2.ex4. Is this the new one or can I be directed where to find it?
  • #5,267
  • Aug 5, 2009 8:31am Aug 5, 2009 8:31am
Quoting PipsRider
Hi pilotui congrats for your first 2 nitro trade, can you tell me where you buy your renko chart package for MT4 ? Sorry if you had already answer to this kind of question so just tell at what post you did ! thanks

Luk
Check Your PM
  • #5,268
  • Aug 5, 2009 8:32am Aug 5, 2009 8:32am
Quoting DXTrade
Eurjpy + 5

eurusd +5 +5 +5
Well, that did not take long. Quite possibly could have been done and gone with but a few trades. Could care less about R/R. Get them while they are moving, blow them up and LEAVE the area. Even EU getting some love from many lately. I am 'elastico' on this. If the pair performs well for a trader, then trade the damn thing. What is the phrase????

I......., A...., O.......!!!!!

Very nice.

Regards.
  • #5,269
  • Aug 5, 2009 8:32am Aug 5, 2009 8:32am
Quoting SkyzerFX

Forgot to tell you, the best way to trade it, - DON'T WATCH it at all, when your trade executes, just ADD
TP and SL and go walk or something, otherwise more likely you will bailout with few pips..
Totally agree with that.

these last few days i have been do (in my case it's not go fishing, its working on my job) and with good results. yesterday i didn't do so and the results are disastrous. i believe we take far better decisions out of the market than once inside (exits for instance).

today 2 good +5 pips scalps like that. hope the third will come in a few second!
dreams do come true.
  • #5,270
  • Aug 5, 2009 8:35am Aug 5, 2009 8:35am
The 3rd scalp just came in but i miscalculated the TP (forgot to increase the spread).

anyway 3 more pips.
dreams do come true.
  • #5,271
  • Aug 5, 2009 8:38am Aug 5, 2009 8:38am
Quoting Syahmi
Hi folks.... some idea of what I've been practicing with Renko scripts...

The crossing of Trix-index and T3-Trix.... i.e. possible early entries... before getting confirmation after or simultaneously with/from smTrix.

Just my 2cts...


Cheers !
OK, why not run a backtest here for a few months and get a big picture of this particular setups validity overall. Pretty simple to run this in a MT4 backtest program is it not? Information is power, and ideas provide the impetus to derive that information.

Let the thread know your findings should you take on that backtesting work.

Regards.
  • #5,272
  • Aug 5, 2009 8:44am Aug 5, 2009 8:44am
Quoting Gleneagles
Of course... I had a loser on GBPJPY which I posted a while ago..countertrend.

No losers so far during past 6 trading days but there will definitely be a few on the way. I take them in my stride if and when they happen, I look at my trades in lots of 20 trades. Profit or loss on every lot of 20 trades? Treating every trade like a life-or-death situation takes your eye of the ball.

I will post of summary of the trades or a MT4 link maybe so the trades can be reviewed if it is of interest. I will be doing contract trading for a few days so it...
glen, your charts and posts are never "clog", I think I speak for all, when I say, your posts are most appreciated!
  • #5,273
  • Aug 5, 2009 8:46am Aug 5, 2009 8:46am
Last week I went live trading 100% C4 straight from the rules on post #1. No pretty little extra indicators or EA's. Just one detonator and one primer.

Good news: I'm 8 wins 0 losses and +44 pips.

Bad news: LOL, I've only made 8 trades in a week and a half!

I am at work during the prime trading hours and it's hard for me to focus on trading very often so I'm not getting very many "times at bat". Sure is nice when I do get my chance to know I'm probably gonna score, though!

Good luck everyone!
Marto

FYI, I kinda lied. I do use an EA to set my TP at +5 when I actually execute a trade but I don't think that really counts as actually changing or adding to the system.......Does it?
  • #5,274
  • Aug 5, 2009 8:50am Aug 5, 2009 8:50am
Quoting david4u
May be someone can point to any mistake regarding this trade .
I just entered 1 pip bellow the previous brick price .
It is recomended to enter bellow the previous bar low (for Short) , or better higher, expecting for the possible retracement to end (?).
HMA 8 was red , Trix arrow red .
Does the SL needs to be 20 pips or 20 pips +spread ?
Now I see tht the price is going down . Can I re-enter according to the rules ? when ? next brick opens ?
Tks
David
Until one gains proficiency in trading a method that was not released to the thread in general (it was taken and run with), it is best to trade the pairs that are associated to the plan. I do not care what anyone thinks on ANY other pair that THEY think should be traded in the plan.

If someone is telling you to trade EU, then they should be able to back up their advise. CAN THEY?

If someone is telling you to trade GU, then they should be able to back up their advice. CAN THEY?

Has GU been thoroughly backtested by you, or someone else advising you to trade this pair? Have you been advises as to what the appropriate SL should be? Did you take a candlestick ATR reading off of a 5m chart so you could at least ascertain an reasonable SL area?

While many here are full stem ahead on this plan, and I too am even throwing some MT4 efforts out there to help assist those efforts, it is important to know that you have the bare basics involved. Even at that, then traded correctly, it will perform well.

Regards.
  • #5,275
  • Aug 5, 2009 8:56am Aug 5, 2009 8:56am
Quoting DXTrade
Just my opinion:

if you look at a chart like below (EU) what do you see?
A nice uptrend and then since 2 days it's ranging! Moving from R1 to Pivot, to S1, to Pivot... ranging market. And that's a smoothed renko chart. On a candle chart it's even worse.
You can try to grab 5 pips here and there (and I did it today against better knowledge), but no trader with at least some brain (yes, I know) would engage in a chaos like this. The risk is too big. Sure, you have all kind of indicators... but a view on the bigger picture isn't bad sometimes.
Choose...
Also, this pair is being 'looked' at with Nitro.

Remember, the primary goal of Nitro is minimal market exposure.

As with any trading plan, the longer you hang aroung, the higher the risk factor climbs.

Regards.
  • #5,276
  • Aug 5, 2009 8:59am Aug 5, 2009 8:59am
Quoting Gleneagles
30M TF

ATR below 20 pips on 30M TF ???????
I suppose many missed that little tidbit of info yesterday.

Again folks, find a pair that is MOVING! You need activity. Activity produces oscillation.

Thanks 'G'.

Regards.
  • #5,277
  • Aug 5, 2009 9:13am Aug 5, 2009 9:13am
Quoting pilotui
Hmmm...I looked at this trade with both 2 and 3 Trix values...please compare the charts.

With the 2 Trix...clearly it closed as a short...then turned right around and took my SL @ -30

With the 3 Trix (1st chart on the left) it was obviously NEVER a short trade and simply a continuation of the trend.

I think I'll be leaving my Trix on 3 as I'd rather be a little late than enter a trade that doesn't exist.

Just my thoughts...anyone else notice this?
That is not what I notice. Let me know if you want further input.

Regards.
  • #5,278
  • Aug 5, 2009 9:15am Aug 5, 2009 9:15am
In @ HMA/Box Change + Divergence on Trix (3)

Nitro...what a beast!

+15.9 in less than 7 min

Cheers
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  • #5,279
  • Aug 5, 2009 9:20am Aug 5, 2009 9:20am
Quoting Edgetrader
That is not what I notice. Let me know if you want further input.

Regards.

Edge, your system works amazingly. (+15 on UJ, a min ago) I just noticed in realtime that the two charts one with 2 Trix one with 3 Trix, that the 2 Trix Closed and gave the Signal to enter short. At the same time the 3 Trix momentum and Histogram both shot back up.

After the fact it just appeared that with 3 on there, you can be a little late but more confident.

I respect the HELL out of you and was simply making an observation. If you feel my observation is not beneficial to the group then by all means please let me know and I'll delete my post.

-I'm former military, your're my Col and I'm your Captain. If you want me to get coffee, I'll get coffee...

  • #5,280
  • Aug 5, 2009 9:22am Aug 5, 2009 9:22am
Quoting dwayneyboy
Phew Just read all posts. Thanks to Edge for this fine thread http://www.forexfactory.com/images/icons/icon14.gif .

About a week and a half behind the start Ive done a bit of M80 and C4 and moved onto Nitro this week, is this too soon?

Also with the less is more concept would tageting 1 or 2 pips just be pushing it too far?
If you want to give Nitro a go, that is your call.

If your trading account warrants such, then trading at +1 or +2 would be a pretty good idea if you are trading at a 1-2 standard lot level.

The idea is to trade it for a living, not a hobby. Anytime you can trade comfortably with a plan designed to get +5 net pips on a trade, it seems only to serve better as one implements the 'less is more' concept.

Less pips, higher lot size. Must develop unwavering FAITH in your trading plan. Probability Theorem Trading 101.

Regards.
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