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C4 Scalping

  • #5,301
  • Aug 5, 2009 10:34am Aug 5, 2009 10:34am
Quoting studbiol
My heart was beating like a jungle-drum!!!

but a last further + 10 pips

Attachment

Regards and thanks
And you know of course your entry is approx. 20 pips late and you are stretching a non Nitro pair from +5 to a +10.

Regards.
  • #5,302
  • Aug 5, 2009 10:36am Aug 5, 2009 10:36am
Quoting Edgetrader
What is the MA you are using on the PA area?

Regards.
Hull MA 8 3 3 true 2 0
exactly as stated on page 1
  • #5,303
  • Aug 5, 2009 10:40am Aug 5, 2009 10:40am
Quoting darkness
I cannot get update stops to enter T/P automatically, it does everything else. Even v2 doesn't automatically enter t/p. Would be nice.
Try version 3 below. Never was designed to enter TP automatically. Needs to be set when you load the EA.
Quoting Indrek
What do the errors do to its behaviour? And should it be attached to each chart/pair?
Yes, attach it to the pairs that you want it to control. It will scroll through your open trades, and find the symbol it is attached to. Then it will manage ALL trades of that symbol, whether long, short, or both.
Quoting DXTrade
Can someone explain me why you still try to use an EA with coding problems if you have one perfectly coded and working at the THV thread????
As far as I am aware, there are no existing errors. Have used it for a few days testing in both directions, and works fine, including the trailing after the second TP.

I also added ProfitTrailingOnly so can use the setting HardStop as trailing stop loss, even when not in profit, until it equals MoveStop. This allows your sl to move with the positive direction of your position. If HardStop is set to 20, kind of works like Nitro/Renko SL, as the SL trails the action by exactly 20 pips of the greatest movement in your favor. Nice way of using some of advantages of Nitro on C4.

 

  1. To use this, set ProfitTrailingOnly to false. Once profit is greater than MoveStop, will set to BreakEven, then trails using TrailingStop. This still gives the trade lots of "breathing room".
  2. If ProfitTrailingOnly is set to true, will only trail once you are in profit and profit is greater than the setting MoveStop. Once it hits MoveStop, the breakeven setting kicks in, then trails using TrailingStop. This feature has been tested, and passed the test.

Of course, you can close position sooner if you like.

For those who think it may not be working, remember that it triggers at your TP or SL NET of the spread, not gross. It works off of the price that appears in your trading account as the price actually purchase/sold. The indicator Luktom Pipsometer (in the paperclip near the start of this thread) shows the NET pips gained/lost.

I am also posting 2 scripts, one buy and one sell that will use proper money management (change to your percent of equity and TP and SL to your figures, then save - only needs to be done once) that I found on another thread. Load these in experts/scripts. compile them using F4 in metatrader, and if you want it to pop up quickly, right click on each script, and select "Set hotkey". I use Ctrl 1 and Ctrl 2. It will pop up, then click OK if everything is a go. This then becomes your default TP and SL and position size.

Best wishes, and Happy pips to you!

Attached File(s)
File Type: mq4 Update Stops to BEv3.mq4   11 KB | 687 downloads
File Type: mq4 1% Buy with SL and TP.mq4   2 KB | 618 downloads
File Type: mq4 1% Sell with SL and TP.mq4   2 KB | 584 downloads
  • #5,304
  • Aug 5, 2009 10:45am Aug 5, 2009 10:45am
Quoting parky87
Hull MA 8 3 3 true 2 0
exactly as stated on page 1
Data feed may be different causing indi's to perform as per each individual brokerage. Our EY charts are quite different.

Regards.
  • #5,305
  • Aug 5, 2009 10:51am Aug 5, 2009 10:51am
Here's a shot of my last C4 trade. Thanks for the indi, gives nice signals and holds one out of many bad trades.. needs more screen time though





Quoting studbiol
My heart was beating like a jungle-drum!!!

but a last further + 10 pips

Attachment

Regards and thanks
Attached Image (click to enlarge)
Click to Enlarge Name: scr.jpg Size: 95 KB
  • #5,306
  • Aug 5, 2009 10:52am Aug 5, 2009 10:52am
Quoting Edgetrader
And you know of course your entry is approx. 20 pips late and you are stretching a non Nitro pair from +5 to a +10.

Regards.
Well, I was anxious and waited for the little arrow created by Swingman. And - mea culpa, mea maxima culpa - I bought Renko yesterday and just was playing. Of course you are right. Wrong pair, wrong bar-size, entry too late ... I'm blushing.

I'm not yet used to scalpng - I don't like to leave pips on thr table.

Next time better.

Thank and regards
If there are pips you can collect - just do it!
  • #5,307
  • Aug 5, 2009 11:03am Aug 5, 2009 11:03am
Quoting JazzmanQ2
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?
I don't know man, it that 100% accurate? Gleneagles has posted numerous profitable trades higher than those numbers (+20s). He has shown the best results I have seen and appears to have Edgetrader's full endorsement.
  • #5,308
  • Aug 5, 2009 11:05am Aug 5, 2009 11:05am
Quoting studbiol
Well, I was anxious and waited for the little arrow created by Swingman. And - mea culpa, mea maxima culpa - I bought Renko yesterday and just was playing. Of course you are right. Wrong pair, wrong bar-size, entry too late ... I'm blushing.

I'm not yet used to scalpng - I don't like to leave pips on thr table.

Next time better.

Thank and regards
Nor would I.

Unfortunately, I have NEVER found a indicator that can tell me that there are more crumbs on the table to get. It simply says there MIGHT be if you hang around a bit longer. Not inclined to invite the angel of death in for a cup of coffee very often at all.

Welcome to the Nitro transitional phase.

Regards.
  • #5,309
  • Aug 5, 2009 11:05am Aug 5, 2009 11:05am
3 trades, 2 winners and a looser. Today was a -4% day but still up overall since last month. Unfortunately forgot to mark my trades on the charts I use to run the indi's on. Looking back over my bad trade I should have stayed out of it for two reasons, momentum was low and not above or crossing the zero line and it was too close to a news release. I closed the EU/US one early because it went into range mode, and while it seems it may have hit +5, no reason to stay in if the PA isn't there.

EUR/USD 1 B 1.43940 1.43968 2.8 0.28 0.00 8/5/2009 11:08 8/5/2009 11:46
GBP/USD 1 B 1.69999 1.69770 -22.9 -2.29 0.00 8/5/2009 09:43 8/5/2009 09:48
EUR/JPY 1 B 137.195 137.246 5.1 0.53 0.00 8/5/2009 09:00 8/5/2009 09:02
Total 3 -15 -1.48 0.00
  • #5,310
  • Edited 11:47am Aug 5, 2009 11:08am | Edited 11:47am
Quoting thecatpreach
Try version 3 below. Never was designed to enter TP automatically. Needs to be set when you load the EA.

Yes, attach it to the pairs that you want it to control. It will scroll through your open trades, and find the symbol it is attached to. Then it will manage ALL trades of that symbol, whether long, short, or both.

As far as I am aware, there are no existing errors. Have used it for a few days testing in both directions, and works fine, including the trailing after the second TP.

I also added ProfitTrailingOnly so can use the setting HardStop...
Many thank you's, sir!

Will definitely look at, look to personally implement accordingly.
  • #5,311
  • Aug 5, 2009 11:12am Aug 5, 2009 11:12am
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....

Adler,

I think this may be a typing mistake but....

The renko script goes on the LIVE 1M CHART.

Open a new chart for a Nitro pair.
Zoom out as far as you can.
Go as far left as you can.
Put the renko script on the screen with settings:
BarsRange : 10
TimeFrame : 2
MaxBars : 10'000
Rescale... : true

Then press OK.

Then goto
File
Open Offline
Select the same pairs 2M chart
Once open set is up as you wish with indicators and templates.

Any other prob's feel free to PM me

Good Lukc
Waddij
  • #5,312
  • Aug 5, 2009 11:18am Aug 5, 2009 11:18am
Quoting zznbrm
I don't know man, it that 100% accurate? Gleneagles has posted numerous profitable trades higher than those numbers (+20s). He has shown the best results I have seen and appears to have Edgetrader's full endorsement.
One trades for account envy or pip envy in these early weeks of trading this plan. Their choice. The point would be that all those +20's would have indeed been +5's and you could have been done and gone.

I would not presume to argue with a trader of Gleneagles experience as that is unproductive. The point here is to learn to trade with proficiency and with consistency. Once one has attained those goals in their opinion, they can then trade any manner they deem appropriate.

I simply wish to avoid pip envy in the early stages of this thread. The very last thing I am going to want to hear is how a trader let a +5 turn into a losing trade by going after more pips. No excuse when trading either C4 or Nitro to let this occur other than pure greed.

Regards.
  • #5,313
  • Aug 5, 2009 11:20am Aug 5, 2009 11:20am
Quoting zznbrm
I don't know man, it that 100% accurate? Gleneagles has posted numerous profitable trades higher than those numbers (+20s). He has shown the best results I have seen and appears to have Edgetrader's full endorsement.
I will defer to Edge on the 100% but this is from page one.

Trading Goals...

1 - +5 pips (net). This is a very important level. Do not try to exceed it.

I wish we could all get on the same wave length with this! The sooner everybody decides to get with the program, the sooner we move up in rank and learn more about this system. It's frustrating to take 2 steps forward then one step back. If there are any doubts about what you should be doing PLEASE RE-READ PAGE ONE UPDATE!
I don't mean to rant sorry...but come on, just give in already!
Thanks
Q
The Only Constant Is Change!
  • #5,314
  • Aug 5, 2009 11:24am Aug 5, 2009 11:24am
Quoting Edgetrader
Nor would I.

Unfortunately, I have NEVER found...

Welcome to the Nitro transitional phase.

Regards.

Thanks for your nice advice. Would't it be phantastic if there was only one indi thet culd show up where the PA would be 5 seconds in the future?
That would be a case for Mulder & Sculli!

Happy trading.
If there are pips you can collect - just do it!
  • #5,315
  • Aug 5, 2009 11:30am Aug 5, 2009 11:30am
Quoting studbiol
Thanks for your nice advice. Would't it be phantastic if there was only one indi thet culd show up where the PA would be 5 seconds in the future?
That would be a case for Mulder & Sculli!

Happy trading.
Studbiol.

Can you post the indicator you refer to please. Sounds good to me



Waddij
  • #5,316
  • Aug 5, 2009 11:30am Aug 5, 2009 11:30am
I'm with you man! Post #1 seems to be for the Edge 101 course. Some here are already in the Edge 102 course. Others, like Gleneagles, may very well be up to 103 or 104. I think you just used the term "Nitro transitional phase" (or something like that) to another trader. Seems like the next course may be near for those deemed ready.

Quoting Edgetrader
One trades for account envy or pip envy in these early weeks of trading this plan. Their choice. The point would be that all those +20's would have indeed been +5's and you could have been done and gone.

I would not presume to argue with a trader of Gleneagles experience as that is unproductive. The point here is to learn to trade with proficiency and with consistency. Once one has attained those goals in their opinion, they can then trade any manner they deem appropriate.

I simply wish to avoid pip envy in the early stages of this thread....
  • #5,317
  • Aug 5, 2009 11:33am Aug 5, 2009 11:33am
Quoting Edgetrader
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.
Hi Edge,

sorry for the question, but how do you get the Renko bars to look like that?

Thanks again.

Nick
  • #5,318
  • Aug 5, 2009 11:41am Aug 5, 2009 11:41am
Quoting JazzmanQ2
I will defer to Edge on the 100%
That must have been taken out of context in some manner.

Any person thinking in terms of 100% trading success is an idiot. That may be harsh, but it is simple fact.

Perhaps it was a 100% agreement that swing-trading for 30-40 pips, setting your computer to run the trade and leaving to go have lunch, or going to sleep is an appropriate methodology to follow.

In that regard, perhaps that is true. Obviously, anyone choosing to trade such a method should not be here. If visiting this thread, such a person should most assuredly be respectful enough to the thread followers to not post anything related to this type of trading. There are plenty of other threads available to post this type material in.

All in all, this kind of chatter only indicates those whom have not yet reached a point where they even can decide HOW they want to trade, much less a methodology and accompanying proper mindset to even do such. Lots of work to be done yet indeed as far as personal preparation and commitment are concerned.

Will see what transpires subsequent to these commentaries.

Regards.
  • #5,319
  • Aug 5, 2009 11:42am Aug 5, 2009 11:42am
Quoting nick2112
Hi Edge,

sorry for the question, but how do you get the Renko bars to look like that?

Thanks again.

Nick
Basic Renko bars with the SW Scalper Candle indi overlayed on top of them.

Regards.
  • #5,320
  • Aug 5, 2009 11:49am Aug 5, 2009 11:49am
Quoting zznbrm
I'm with you man! Post #1 seems to be for the Edge 101 course. Some here are already in the Edge 102 course. Others, like Gleneagles, may very well be up to 103 or 104. I think you just used the term "Nitro transitional phase" (or something like that) to another trader. Seems like the next course may be near for those deemed ready.
Well, I will say this much. Those who believe they are ready for more with regards to Nitro are in for a bit of a wait. I see very little supporting evidence of such as of this posting. It will take one hell of a bunch of chart shots showing me that proficiency as a group before I would even attempt to refine the approach for them.

We still have some working C4 that are trying to get a grip on that plan. Once again, Nitro was not released to the thread. It was'previewed' and it is some thread followers themselves who have taken that to where we see it today on the MT4. It will take a while to get really comfortable with such.

Regards.
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