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C4 Scalping

  • #5,421
  • Aug 6, 2009 5:55am Aug 6, 2009 5:55am
Didn't had a lot of time today... so just 3 trades in between... Like maybe 15 minutes over all.
EU +5
EJ +5
AJ +5
"The only successful substitute for brains is silence."
  • #5,422
  • Aug 6, 2009 6:03am Aug 6, 2009 6:03am
Quoting bisecom
Oh, DaveW, thanks a lot for explanation!
I got a link from FF member regarding a source, but could not purchase it.
Could you PM me a source from which you got the indi.
Thanks in advance!
hi besecom,

have sent you a pm, look at your posts

regards, jo
  • #5,423
  • Aug 6, 2009 6:08am Aug 6, 2009 6:08am
What is going on? this is the same pair same set up on two diff computers...screen shots taken @ 20 min apart.

WHY would mine (left shot) look so different than the right?

STRANGE? Any thoughts?

Do you have to close out all Renko charts and open up new ones every time you log into MT4?
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  • #5,424
  • Aug 6, 2009 6:10am Aug 6, 2009 6:10am
Quoting johannnes
hi besecom,

have sent you a pm, look at your posts

regards, jo
Hi johannnes, thanks a lot.
I really appreciate it!
With Regards.
  • #5,425
  • Aug 6, 2009 6:15am Aug 6, 2009 6:15am
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...
Dear thecatpreach, thanks a lot for your message and scripts.
You indiacted that the scripts will open possitions as perset from equity.
I opened three possitions a once and were opened 3 positions with the same lot. Quesion is - are you sure that the script work from equity but not balance?
  • #5,426
  • Aug 6, 2009 6:17am Aug 6, 2009 6:17am
C4, EUR/USD
Why not carry on until bar color changes?
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  • #5,427
  • Aug 6, 2009 6:22am Aug 6, 2009 6:22am
First +5 on the beast, it moves really quick!
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  • #5,428
  • Aug 6, 2009 6:25am Aug 6, 2009 6:25am
Quoting pilotui
What is going on? this is the same pair same set up on two diff computers...screen shots taken @ 20 min apart.

WHY would mine (left shot) look so different than the right?

STRANGE? Any thoughts?

Do you have to close out all Renko charts and open up new ones every time you log into MT4?
Renko bars are affected by the time they are started. This is potentially a problem in the beginning. each bar is formed at specified pip range depending at what time the bars were started.

I'm thinking maybe synchronise the start with maybe session open or with approx time frame that pip size correlates with.

Any thoughts?

Pardy
  • #5,429
  • Aug 6, 2009 6:54am Aug 6, 2009 6:54am
So once I have built/established the Renko chart and load it I need to keep them up running in the background all the time...so in essence never close out a renko right? Even when I log off and log back in...it still keeps the same settings and thus a more accurate portrayal of Price Action?

Thanks

Darren
  • #5,430
  • Aug 6, 2009 6:55am Aug 6, 2009 6:55am
Quoting Pardy
Renko bars are affected by the time they are started. This is potentially a problem in the beginning. each bar is formed at specified pip range depending at what time the bars were started.

I'm thinking maybe synchronise the start with maybe session open or with approx time frame that pip size correlates with.

Any thoughts?

Pardy
How would I synchronize...delete the current M2 in myHistory and then re-do the Renko chart process at the open?
  • #5,431
  • Aug 6, 2009 6:58am Aug 6, 2009 6:58am
Quoting parky87
First +5 on the beast, it moves really quick!
Nice! This screen shot makes me feel better, as it looks like the multi-waves I had in my post...but I seem to have an extraordinary amount of Chop?
  • #5,432
  • Aug 6, 2009 7:00am Aug 6, 2009 7:00am
Hi studbiol,

I had already taken a note of your first post mentioning this indicator and plan to give it a further look as it may prove useful in keeping someone away from choppy periods. There are multiple false signals in C4 (as in any other system I know of) when the market moves in a tight range, that is why I think time of the day is crucial when trading it.

So far I have had good results trading the London open. Of course the US open that Edge suggested should be similar (if not better) since there is some elementary price volatility even during the month of August.

Thanks to both you and Swingman for pointing this out and posting the indicator.

Regards

Quoting studbiol
Hi Zeno,

perhaps you look at my post

http://www.forexfactory.com/showpost.php?p=2931669&postcount=5253

and Swingman's answer

http://www.forexfactory.com/showpost.php?p=2932630&postcount=310

maybe this cold be a posibility to avoid a few losses. Just a suggestion.

Regards and many pips.
  • #5,433
  • Aug 6, 2009 7:01am Aug 6, 2009 7:01am
Quoting pilotui
So once I have built/established the Renko chart and load it I need to keep them up running in the background all the time...so in essence never close out a renko right? Even when I log off and log back in...it still keeps the same settings and thus a more accurate portrayal of Price Action?

Thanks

Darren
I told this thing some day ago but nobody gave me "attention" on this issue..

I told that Renko Script "repaints"..

It's not "Renko" problem, but the problem is in the script for MT4...

If you close MT4 and reopen it...you often will se a different picture... this is!!!
It happens to me every day....
And also...from one platform and another there are differences...this is data feed problem...

If you want a little more reliability you have to keep your MT4 opened for all the session you want to trade...or better...all day..
Market is like a puzzle, YOU have to fit the pieces!!
  • #5,434
  • Aug 6, 2009 7:22am Aug 6, 2009 7:22am
Quoting Chris_B
I told this thing some day ago but nobody gave me "attention" on this issue..

I told that Renko Script "repaints"..

It's not "Renko" problem, but the problem is in the script for MT4...

If you close MT4 and reopen it...you often will se a different picture... this is!!!
It happens to me every day....
And also...from one platform and another there are differences...this is data feed problem...

If you want a little more reliability you have to keep your MT4 opened for all the session you want to trade...or better...all day..
Dear Chris_B,

Did you contact with the issue to coder, from which you got the indi?
Rgd.
  • #5,435
  • Aug 6, 2009 7:38am Aug 6, 2009 7:38am
This is an example...i took this trade (-30)

Apparently there is not signal to go short...

I took this trade and THERE WAS a brick down....with MA break...

I closed MT4...reopened et voilą....the picture is different and there is not signal to take that short trade...
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Market is like a puzzle, YOU have to fit the pieces!!
  • #5,436
  • Aug 6, 2009 7:55am Aug 6, 2009 7:55am
I've seen what Chris describes also. Careful there.....
(I wonder if it means something for the validity of our signals)
  • #5,437
  • Aug 6, 2009 7:58am Aug 6, 2009 7:58am
Quoting Chris_B
I told this thing some day ago but nobody gave me "attention" on this issue..

I told that Renko Script "repaints"..

It's not "Renko" problem, but the problem is in the script for MT4...

If you close MT4 and reopen it...you often will se a different picture... this is!!!
It happens to me every day....
And also...from one platform and another there are differences...this is data feed problem...

If you want a little more reliability you have to keep your MT4 opened for all the session you want to trade...or better...all day..
My understanding is that the Renko blocks are referenced from the price when either the script or the EA is initiated. Therefore if you shut down your computer and return to it later on you have a 1 in 10 chance of starting the Renko script at the same price level as the original. If the new Renko block price starts at 32 and the old blocks started at 28 then all previous blocks will "repaint" by 4 pips.

My son and I have the problem that I am running my Renko charts on 2 comuters in Tokyo and he has his computer in London and all three have different Renko block starting points. We trade on Oanda which complicates matters, so when I see a trade entered on our account and I look at my FXDD Renko chart I cannot see a valid entry yet as his Renko chart is referenced 5 pips different from mine he does have a valid entry.

We have tried syncronising by starting our Renko scripts/EA at the same instance but that didn't seem to work. Any advice would be gratefully accepted.

Dave W
  • #5,438
  • Aug 6, 2009 8:01am Aug 6, 2009 8:01am
Took another +5.....look at PA bounce or I wouldn't have...lucky one..but couldn't pass up......Oh and I can't remember who asked earlier but this is live trade with real Money.
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  • #5,439
  • Aug 6, 2009 8:05am Aug 6, 2009 8:05am
That's why I never bought this thing. I really hope no one is using this for live trading.

I have not seen the source code, but I would guess that each time you reboot the script (close/reopen MT4 or stop/restart the Renko script), it uses M1 data to rebuild all historical data. Then it continues with tick data for the live Renko bricks. That's just a guess, but it has to fill in the gaps of missing tick data (when your script was off) somehow.

That's why for historical data, you need to get tick data (yes, there is a lot of it - about 300 MB for EU this year alone) and create the Renko bricks yourself. This is nice because you can set the Renko brick start price to anything you want.

Obviously charting software that uses tick data (NinjaTrader and Tradestation to name a few) would be a much better solution.

Quoting Chris_B
This is an example...i took this trade (-30)

Apparently there is not signal to go short...

I took this trade and THERE WAS a brick down....with MA break...

I closed MT4...reopened et voilą....the picture is different and there is not signal to take that short trade...
  • #5,440
  • Aug 6, 2009 8:10am Aug 6, 2009 8:10am
Quoting DXTrade
On both... even better on C4 as the ATR gives real values.
Thanks for the Indi but I do have one small question....on the Trix Current setting is that programmed at the same setting at the Trix SM thus just giving us an easier snap shop??
Thanks again for the nice indi...
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