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C4 Scalping

  • #5,281
  • Aug 5, 2009 9:39am Aug 5, 2009 9:39am
Would you please post your indicator that is like the
bar scalper macd please? I would love to take a
look at that indicator and much rather have one
direct from the source and with a mq4 available

Brian
  • #5,282
  • Aug 5, 2009 9:41am Aug 5, 2009 9:41am
Quoting SkyzerFX
I'm not playing 5 pips in Range market.. Could take 20-30 pips,
just sit in trade longer, why wait for setup 40 minutes to just bailout
with 5 pip profit..?
Today seems Dollar pairs also ranging - we'll see..

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..

[b]I set one trade yesterday and go to sleep it hits and make me 38 pips.. Range market you know...
That is your choice on trading how you feel is best. Just refrain from posting anything of this nature on this thread. It is appreciated.

Regards.
  • #5,283
  • Aug 5, 2009 9:42am Aug 5, 2009 9:42am
A light went on today, in this old head.
the idea of letting the trade come to me, or letting the trade prove itself.

EURUSD was moving down......and then it moved back up....so I put an order in for a quick sell below the market...and when the market came down, it swooshed through my order and hit my TP +5

so rather than jumping in when the market it rocketing down, I decided to let the market come to me.


Hmmmm.....this could work!!

I also got a few +5s by entering after the DX signal
Attached Image
  • #5,284
  • Aug 5, 2009 9:50am Aug 5, 2009 9:50am
Quoting Gleneagles
No problem,

ATR or average trading range will simply tell you the range of the candles (high minus low) or size if you wish. Normally low trading activity reflects via small candles...right? So by monitoring the candle sizes over a period and acting on any changes...increase or decrease...we can time our market exposure to coincide with peak activity.

It simply puts the odds in our favor.

The 30 pip line I added under inputs..levels.... as .0030. If the graph breaks above 30, the average length of candle is bigger than 30 for the period set...
Gleneagles, are you using a custom concept of ATR as you described because the conventional meaning in the trading community for aTR is different than just the range of the period. My friend, Welles Wilder, in his 1978 bokk, New Concepts in Technical Trading Systems, created the indicator he named ATR. It was designed not to examine the range of the bars, but directional volatility. ATR stands for Average True Range. IF bar after bar have ranges that don't go anywhere net in price, they are discounted. So, true range is emphasizing movement of price outside of what it did the last bar. It is defined as the greater of 1) the current high minus the current low or 2) the absolute value of the current high minus the previous close or 3) the absolute value of the current low minus the previous close. The average is then taken over a period of bars, the amount decided by the user. Welles favored 14 periods in many of his indicators as I assume due to it being half the cycle length of many data series. For our purposes of very short term trading, shorter time periods are probably better as they target recent conditions.
  • #5,285
  • Aug 5, 2009 9:53am Aug 5, 2009 9:53am
Quoting pilotui
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...
Observation is noted. However, observations are more inclined to be acted upon if the trades are with the pairs I think best serve the Nitro fans at this time. As you have just seen, the 'Nitro' pair in your chart performed well as opposed to an substandard soldier for this plan shown earlier.

UY is a veteran with many accolades, GU has some training issues to overcome. We always select the best personnel capable of doing the best job as you know doubt are aware with your background.

Regards.
  • #5,286
  • Aug 5, 2009 10:01am Aug 5, 2009 10:01am
Quoting PhilBeachBoy
Gleneagles, are you using a custom concept of ATR as you described because the conventional meaning in the trading community for aTR is different than just the range of the period....
You are 100% correct about what your friend, Welles Wilder intended when he designed the ATR.
Welles did not know about C4 when he was testing his indi. I merely used his groundbreaking work to assist me in filtering/finding optimum trading conditions.
I am sure he will be pleased to see how good it works even for something it was maybe not designed for.
On behalf of all of us, please thank him and convey our appreciation to him
" Never let the past hold the future to ransom "
  • #5,287
  • Aug 5, 2009 10:04am Aug 5, 2009 10:04am
Hi Johny pip,

I think that this indicator Grid Builder is what you are looking for.
Have nice trades!!


Quoting johny pip
Hi all,
I think it would be a really good idea to have feint horizontal lines 10 pips apart on C4 charts. This would give an instant visual clue to the range of the market. A visual alternative to ATR if you like.

Very good when viewing 4 charts at once.

Does anyone know how to do this? Does it need to be coded?
Attached File(s)
File Type: mq4 Grid Builder.mq4   3 KB | 493 downloads
Bye! Target
  • #5,288
  • Aug 5, 2009 10:05am Aug 5, 2009 10:05am
Two winners +5 each

Three losers -4, -15 (full stop) and -9.

Two of the losers were against price action...which happens when I get frustrated by lack of price follow through on light volume days. I pulled these trades when I realised they were not sensible trades.

Today was the first day trading with a updated chart layout incorporating Edge's recent update (page 1).

Please find today's chart attached.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.05.08.09 chart.jpg Size: 101 KB
  • #5,289
  • Aug 5, 2009 10:07am Aug 5, 2009 10:07am
Hi again,

as you questioned to restore4 an source-code, here is the BarScalper MACD from my folder.

Hope you will be successful.

Attached File(s)
File Type: ex4 BarScalper MACD.ex4   4 KB | 623 downloads


Regards
If there are pips you can collect - just do it!
  • #5,290
  • Aug 5, 2009 10:12am Aug 5, 2009 10:12am
Quoting Edgetrader
Observation is noted. However, observations are more inclined to be acted upon if the trades are with the pairs I think best serve the Nitro fans at this time. As you have just seen, the 'Nitro' pair in your chart performed well as opposed to an substandard soldier for this plan shown earlier.

UY is a veteran with many accolades, GU has some training issues to overcome. We always select the best personnel capable of doing the best job as you know doubt are aware with your background.

Regards.
Roger!
  • #5,291
  • Aug 5, 2009 10:15am Aug 5, 2009 10:15am
+5 +5 -30 +5
Damn that -30, I should have seen it if I had zoomed out and looked at the bigger picture.
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 86 KB
  • #5,292
  • Aug 5, 2009 10:16am Aug 5, 2009 10:16am
Quoting adler
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....
hi adler, there is a problem with renko scripts in connection with some mt4 charts/brokers ... try this:

1) open an m1 chart
2) insert the renko script
3) give the values - you know Edges recomends a 10 brick size, but this size is a problem for some mt4 charts/brokers... so you should try another size like for example 5 and if it works go higher ...
4) go to file, open offline and search for the chart: if you gave 2m you should find the 2m offline chart.
5) now you can insert your tpl or your indis one by one...
6) don't forget to check tools, options, enable expert advisors, allow live trading, allow dll imports and allow external experts... but uncheck dll function calls.

Remember, the main problem is the brick size, try lower than 10 just to see if this is your problem,

hope this helps,

regards, jo
  • #5,293
  • Aug 5, 2009 10:17am Aug 5, 2009 10:17am
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..

I set one trade yesterday and go to sleep it hits and make me 38 pips.. Range market you know where to buy
and where to sell.. Place pending orders and go fishing...
This is absolutely NOT a good idea, you do not understand scalping if you are just going to set and forget. If you are monitoring your trades at least you CAN bail out with a couple of pips and save your 30 pip SL. This entire thread is about SCALPING +5's and + 10's, not going for 38 pips on a trade...do you not get that yet?

All you need is a few pips daily to achieve a consistency level of +/-2-4%, if you understand what this thread is about. It's not that hard to make pips...but it is really hard to hold on to them.

Here is a great idea for everyone...do exactly as Edge does.
Q
The Only Constant Is Change!
  • #5,294
  • Aug 5, 2009 10:19am Aug 5, 2009 10:19am
Forgive me for saying this Edge, but i had a too itchy finger with the ultra surper trix, with the repainting of arrows, and my price action identification is probly a bit skewd being a noob,
i went back to the ORIGINAL indi's you posted and i'm back on track. (before any updates)
i find it easier, less to look at to make a decsion, and BANG!!!!
pips flying very where!!!,
just my personal preference,
Gold stars EDGE!!!!!!!!

oh man i got alot of reading to do on this thread, can leave this one for more than a day or 2 its a runaway freight train!!!!!!!
if i used every commercial EA i would be a brazilianare by next week!!!!
  • #5,295
  • Aug 5, 2009 10:20am Aug 5, 2009 10:20am
Quoting ap2009
Two winners +5 each

Three losers -4, -15 (full stop) and -9.

Two of the losers were against price action...which happens when I get frustrated by lack of price follow through on light volume days. I pulled these trades when I realised they were not sensible trades.

Today was the first day trading with a updated chart layout incorporating Edge's recent update (page 1).

Please find today's chart attached.
Momentum is for Nitro, not C4 as shown. Try the attached indi for trading C4 as the info. on such is very useful. Remember, 1 signal, 1 trade. Do not re-enter.

Just getting started though. Entries will get better as time goes by.

Regards.
Attached File(s)
File Type: ex4 DXTrade Info v5.ex4   10 KB | 566 downloads
  • #5,296
  • Aug 5, 2009 10:20am Aug 5, 2009 10:20am
My heart was beating like a jungle-drum!!!

but a last further + 10 pips

Attached Image (click to enlarge)
Click to Enlarge Name: 2009-08-05 post 1-2.gif Size: 33 KB


Regards and thanks
If there are pips you can collect - just do it!
  • #5,297
  • Aug 5, 2009 10:22am Aug 5, 2009 10:22am
Fresh set of +5's available for those who were so inclined. GY goes at +10 level as it moves through it's spread with ease. Is still a beast though so exercise caution.

Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: nitro.jpg Size: 164 KB
  • #5,298
  • Aug 5, 2009 10:26am Aug 5, 2009 10:26am
Quoting parky87
+5 +5 -30 +5
Damn that -30, I should have seen it if I had zoomed out and looked at the bigger picture.
What is the MA you are using on the PA area?

Regards.
  • #5,299
  • Aug 5, 2009 10:31am Aug 5, 2009 10:31am
Quoting Chocol8Elvis
Forgive me for saying this Edge, but i had a too itchy finger with the ultra surper trix, with the repainting of arrows, and my price action identification is probly a bit skewd being a noob,
i went back to the ORIGINAL indi's you posted and i'm back on track. (before any updates)
i find it easier, less to look at to make a decsion, and BANG!!!!
pips flying very where!!!,
just my personal preference,
Gold stars EDGE!!!!!!!!

oh man i got alot of reading to do on this thread, can leave this one for more than a day or 2 its a runaway freight train!!!!!!!...
Make it as simple as you choose to. As a group, we thrive on simplicity. Anything anyone does that is akin to having them 'improvise' adapt and overcome' within the plans infrastructure as set forth is fine by be.

Extra chow ration for you for taking initiative.

Regards.
  • #5,300
  • Aug 5, 2009 10:32am Aug 5, 2009 10:32am
Yeah, this is my first post on this thread. Really like the nitro method. One thing that I use as 'traders discretion' is to only trade the carry trade currencies in the daily direction of the stock market. For example, the Asain, and London markets were down this morning, so when the Aud/jpy went up I look only to short. Same with the new york session. This may help some filter out some of those bad trades that people take against PA.
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