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C4 Scalping

  • #5,321
  • Aug 5, 2009 12:17pm Aug 5, 2009 12:17pm
Quoting Target
Hi Johny pip,

I think that this indicator Grid Builder is what you are looking for.
Have nice trades!!
Hi Target,
Thanks very much for your help. 4xStar also posted something for me.

I will try them both.

I know it's a simple thing but it gives one an idea of PA range "at a glance" and avoids the auto scaling trap.

Cheers,
John.
  • #5,322
  • Aug 5, 2009 12:35pm Aug 5, 2009 12:35pm
Sorry the actual trades aren't on the chart because I trade from a diff platform. Look like textbook Nitro trades to me! E/J +5, +5, +5...time for the beach!
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The Only Constant Is Change!
  • #5,323
  • Aug 5, 2009 12:35pm Aug 5, 2009 12:35pm
Know of a standard momentum indicator that is programmed for alert signals (arrows up/down) when the signal line crosses 100.00?

Thanks!

Darren
  • #5,324
  • Aug 5, 2009 12:42pm Aug 5, 2009 12:42pm
Please don't tell me off for trading this late....

Saw the set up, too good to resist. Quick easy +5

Really don't understand why people are STILL chasing 100 pips, 1000 pips. Its not a hard concept to grasp, Once proficient then 5 pips 4 times a day could be done within 10 mins and have $100/$1000/$10'000 in your account. I would prefer 10 minutes of exposure than leave a trade running over night ! Cant think of anything worse, Edge you must feel like you are banging your head against the wall sometimes!

Just the reassure you, some of us are trying to stick to your rules.....exept the late night trading one obviously
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  • #5,325
  • Aug 5, 2009 12:52pm Aug 5, 2009 12:52pm
Quoting waddij
Please don't tell me off for trading this late....

Just the reassure you, some of us are trying to stick to your rules.....exept the late night trading one obviously
Don't worry Waddij...I believe Nitro can be traded anytime. But keep in mind that by trading out of prime time 4-9am pst, there is much more risk of funky PA (sounds like a song)!
Q
The Only Constant Is Change!
  • #5,326
  • Aug 5, 2009 12:57pm Aug 5, 2009 12:57pm
Quoting JazzmanQ2
Don't worry Waddij...I believe Nitro can be traded anytime. But keep in mind that by trading out of prime time 4-9am pst, there is much more risk of funky PA (sounds like a song)!
Q
Jazz,

Thanks, just living in fear of the boss's wrath. Would hate to be on the receiving end of one of "those" posts!

Maybe when we are all forex millionaires we could get together one on of our private islands, arriving in our yachts names Edge 1, Edge 2, Edge 3 etc and write some lyrics!
  • #5,327
  • Aug 5, 2009 1:01pm Aug 5, 2009 1:01pm
I did a little study of TRIX settings to see if one setting produces a better number of profitable signals than another.

The timeframe for the study is July 7 to Aug 5.
The currency pair is the EURJPY.
STUDY IS FOR C4 STRATEGY ONLY!
The TRIX settings are n,1,1,1,6 where n = 2, 3, 4, and 6. The SwingMan UltraSuperTRIX_PV_4col indicator was used.
Each signal was checked against the +5 TP and -20 SL for the price at the close of the bar.

General Observations:

Overall:

  1. Profitable Long signals on TRIX 2, and 3 exceed Short signals by approximately 20% for the time and currency pair studied.
  2. On uptrending days that increases by an additional 10%.
  3. On downtrending days, profitable Long signals outnumber profitable Short signals by 20% for TRIX 2 and 3 settings.
  4. TRIX 4 and 6 settings produce the the highest percentage of profitable Short signals on Downtrending days. However, they produce the least number of signals.
  5. TRIX 6 settings produce the highest percentage of profitable Long signals on uptrending days, followed by TRIX 4 settings. However, they also produce the least number of signals.
  6. All TRIX settings produce approximately an even number of profitable Long and Short trades on mixed trending days.

I hope to expand this study to at least 3 months of data for the 4 currency pairs. (Just takes time to manually confirm each signal. An alternative approach is to import the data into Excel and program the formulas for TRIX).

The spreadsheet is attached so you can draw your own conclusions.
The chart below is what I used to evaluate the signals.

Attached Image (click to enlarge)
Click to Enlarge Name: EJTRIXTEST.jpg Size: 218 KB
Attached File(s)
File Type: xls TRIX EVAL.xls   40 KB | 564 downloads
4XTrader2
  • #5,328
  • Aug 5, 2009 1:08pm Aug 5, 2009 1:08pm
my trades from earlier

+30 and done for the day. Got the bread and butter in...now time to look at dessert


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  • #5,329
  • Aug 5, 2009 1:08pm Aug 5, 2009 1:08pm
Quoting 4xtrader2
I did a little study of TRIX settings to see if one setting produces a better number of profitable signals than another.

The timeframe for the study is July 7 to Aug 5.
The currency pair is the EURJPY.
STUDY IS FOR C4 STRATEGY ONLY!
The TRIX settings are n,1,1,1,6 where n = 2, 3, 4, and 6. The SwingMan UltraSuperTRIX_PV_4col indicator was used.
Each signal was checked against the +5 TP and -20 SL for the price at the close of the bar.

General Observations:

Overall: [list][*]Profitable Long signals on TRIX 2, and 3 exceed Short signals by...

Neat thank you, sir.
Empirically goes to show you why most EA's fail.
  • #5,330
  • Edited 1:13pm Aug 5, 2009 1:12pm | Edited 1:13pm
Only traded one currency pair today - 3 trades. Did not have good focus today. Missed a lot of good signals. Took one trade late with little price action and it was deadly. Gotta focus on price action.
.
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4XTrader2
  • #5,331
  • Aug 5, 2009 1:20pm Aug 5, 2009 1:20pm
Sorry to disturb the group about this but is there anyone that can help me with mt4 crashing with the sm scalper candles indi? just tell me who i will PM him/her.

i have been scalping manually these days and really would want to try the C4 (exactly by the book,Edge!)

(just one the side, yesterday i had terrible scalping. lost around 100 pips. today, with the same brain (i think) i made 9 wins 0 losses 52 pips). frightening to think of quiting my job and devoting myself to this

thanks again and sorry to disturb you conversations.
dreams do come true.
  • #5,332
  • Aug 5, 2009 1:22pm Aug 5, 2009 1:22pm
Quoting waddij
Jazz,

Thanks, just living in fear of the boss's wrath. Would hate to be on the receiving end of one of "those" posts!

Maybe when we are all forex millionaires we could get together one on of our private islands, arriving in our yachts names Edge 1, Edge 2, Edge 3 etc and write some lyrics!
Please, nothing like this at all.

They are YOUR yachts that YOU will have earned through disciplined trading efforts with solid MM backing those efforts. A small cabin reserved for me will more than suffice.

'Nitro' may be a good name though come to think of it.

Regards.
  • #5,333
  • Aug 5, 2009 1:28pm Aug 5, 2009 1:28pm
Quoting Edgetrader
Please, nothing like this at all.

They are YOUR yachts that YOU will have earned through disciplined trading efforts with solid MM backing those efforts. A small cabin reserved for me will more than suffice.

'Nitro' may be a good name though come to think of it.

Regards.
Sir I understand,

Modest as well as a genius. Is there no end to your tallents?....

There will be a 12 bedroomed luxury 'cabin' set aside for you. May need a few more +5's though ... give me a week
  • #5,334
  • Aug 5, 2009 1:29pm Aug 5, 2009 1:29pm
Quoting wannaberich
Sorry to disturb the group about this but is there anyone that can help me with mt4 crashing with the sm scalper candles indi? just tell me who i will PM him/her.

i have been scalping manually these days and really would want to try the C4 (exactly by the book,Edge!)

(just one the side, yesterday i had terrible scalping. lost around 100 pips. today, with the same brain (i think) i made 9 wins...
By the way, I just remembered that my MT also crashed when I tried to attach the latest version of Sm Candles! So, I just decided to use the earlier one.
But maybe SwingMan himself will answer what could be the reason of such crashes? He is back among us, as we already know
  • #5,335
  • Aug 5, 2009 1:46pm Aug 5, 2009 1:46pm
Quoting Indrek
By the way, I just remembered that my MT also crashed when I tried to attach the latest version of Sm Candles! So, I just decided to use the earlier one.
But maybe SwingMan himself will answer what could be the reason of such crashes? He is back among us, as we already know
I don't know what you make on your computers...

Here the source code, maybe if you compile it works better...
Attached File(s)
File Type: mq4 smC4Scalper Candles_v3.1.mq4   9 KB | 964 downloads
  • #5,336
  • Aug 5, 2009 1:58pm Aug 5, 2009 1:58pm
thanks a million (pips) Swingman!

it works ok now.

do you, by any chance, have another miraculous file for the Trix that also doesn't crash my MT4.

i have one of edges templates, the HMA colored, the candles, just need the trix, right?

the one at page one crashes my mt4 too.

in fact i have tried the smSuper TRIX_v1.ex4 and the smSuper TRIX_PV_4col.ex4 but the latest is for nitro, right?
dreams do come true.
  • #5,337
  • Aug 5, 2009 1:59pm Aug 5, 2009 1:59pm
a quick +3 scalp as the range isn't great. Still 3 more pips than i had 5 mins ago..
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  • #5,338
  • Aug 5, 2009 2:00pm Aug 5, 2009 2:00pm
Quoting wannaberich
Sorry to disturb the group about this but is there anyone that can help me with mt4 crashing with the sm scalper candles indi? just tell me who i will PM him/her.

i have been scalping manually these days and really would want to try the C4 (exactly by the book,Edge!)

(just one the side, yesterday i had terrible scalping. lost around 100 pips. today, with the same brain (i think) i made 9 wins...
Make sure you download and have the latest update of MT4.

Bruce
  • #5,339
  • Aug 5, 2009 2:04pm Aug 5, 2009 2:04pm
will try that Bruce.
dreams do come true.
  • #5,340
  • Aug 5, 2009 2:24pm Aug 5, 2009 2:24pm
and problem is solved.

thanks
dreams do come true.
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