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C4 Scalping

  • #5,521
  • Aug 6, 2009 1:28pm Aug 6, 2009 1:28pm
Quoting stunna29
Can someone help me to setup my renko..i download and put it in my expert folderbut it didn't show oy whenever i restart my MT.
Hi,
If you have done everything suggested by Jazz in the link in the post above, then it may be that you have too old a version of Metatrader for the compiled script/Ea to work.
If so , use Liveupdate to get the current version and you should be OK.

Ian
  • #5,522
  • Aug 6, 2009 1:41pm Aug 6, 2009 1:41pm
Learning to have faith in my indicators. 1 loss, 1 wash, 4 wins. No medal yet. Long way from it. Also need to be comfortable taking more signals.
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4XTrader2
  • #5,523
  • Aug 6, 2009 1:43pm Aug 6, 2009 1:43pm
Quoting 4xtrader2
Learning to have faith in my indicators. 1 loss, 1 wash, 4 wins. No medal yet. Long way from it. Also need to be comfortable taking more signals.
That -14 wiped out 2+ wins... ouch!
If you only trade long, then you can't always be wrong.
  • #5,524
  • Edited 2:18pm Aug 6, 2009 2:11pm | Edited 2:18pm
Hi all,

I am a newbie in forex trading and MT4, and fall in love with Edge's C4 system. So I am learning and demoing with this system for about 3 weeks now. I read about first 50 pages already and some of the latest post (now its mostly about renkos T_T )
I often see the LWMA attached on the SwingMan's Ultra Trix but never able to do it by myself. So I decided to post in here and asking for some help.
Please see the picture, it will explain everything that I wanted to know.
Thanks all.

hdz
Attached Image (click to enlarge)
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  • #5,525
  • Aug 6, 2009 2:18pm Aug 6, 2009 2:18pm
Quoting FrankenPip
That -14 wiped out 2+ wins... ouch!
I am glad it's only a dollar a pip. It gives me a view of the future if I don't get it right with the small stuff.

I have to get to a 90% hit rate and be as Edge says...reflexive to the signals. First, skill building through practice so it becomes automatic. Had to do that when I was on the pistol team...80,000 rounds a quarter. I have to take signals and trade them until it becomes a reflexive skill.
4XTrader2
  • #5,526
  • Aug 6, 2009 2:21pm Aug 6, 2009 2:21pm
Quoting DocPMD
Edge,

First, I had previous posts with questions on Nitro on TradeStation platform. Note that I am going back to trade C4. Need to take baby steps.

Based upon comments by Gleneagles, and by you, the setup is the first criteria, but the trader will have to use experience/discretion to decide whether or not to take the trade. This is my base assumption. Is this correct?

Furthermore, you suggest that the novice take all of the setups to gain experience (win or lose). Thus the suggestion to trade only demo.

So, can I assume that for the moment...
Correct.

I think it very important to get used to recognizing the setups first and foremost. No two are the same to begin. What you are looking for with C4 trading is not to try and time a perfect entry. You want the signals to trigger, however, candlestick PA needs to have time to develop a bit. It is not a 1,2,3 go trading plan. If it were only that easy.

As you make several trades with the different pair, you start to develop a bit of intuition. All humans have intuition and it can be sharpened and honed with repetitive trading actions. With some time, a traders skills will improve trading this or any other methodology.

C4 is like playing golf in a way. The basic mechanics are the easier of the tasks to complete. The 'swing' should become almost a reflex action and is based on repetition. The 'mind' strengthening efforts will take a bit longer.

Regards.
  • #5,527
  • Aug 6, 2009 2:35pm Aug 6, 2009 2:35pm
Quoting hadoz
Hi all,

I am a newbie in forex trading and MT4, and fall in love with Edge's C4 system. So I am learning and demoing with this system for about 3 weeks now. I read about first 50 pages already and some of the latest post (now its mostly about renkos T_T )
I often see the LWMA attached on the SwingMan's Ultra Trix but never able to do it by myself. So I decided to post in here and asking for some help.
Please see the picture, it will explain everything that I wanted to know.
Thanks all.

hdz

Hdz,

See attached. You need to click on the folder option top right.Then click and drag the indicator into whichever window you want it to be displayed in.

PM if you have any problems
Attached Image (click to enlarge)
Click to Enlarge Name: aa.gif Size: 72 KB
  • #5,528
  • Aug 6, 2009 2:40pm Aug 6, 2009 2:40pm
How do y'all do this?

thx!
Attached Image
  • #5,529
  • Aug 6, 2009 2:47pm Aug 6, 2009 2:47pm
hey,

I dont know if it is just my eyes, but it seems that the HMA is not really in the "middle" of the bull and bear candles.
it looks like that the HMA has to be moved up a little bit so that it really is like a "mirror"
If one looks closer if there is a bull move the candles already start above the HMA and during a bear move, the candles are still touching the HMA and after some candles they are already back above the HMA whereas during a bull move the candles never move back under the HMA.

Logically, we should not use the penetration of the MA as a entry or SL signal, right? Or did I miss something?

I know that on page 1 only the color change is used as the primer, but some people still use the cross of the MA I think.
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  • #5,530
  • Aug 6, 2009 2:50pm Aug 6, 2009 2:50pm
Hi waddij, thanks for the quick reply.
But still I got confused.

First of all what kind of indicator that I need to drag-and-drop, in order to get the result (please see the image attachment)? Please tell me the name of the indicator and also please attach it if possible.
Second, where do I drag-and-drop the indicator? I am pretty sure we drop it in the SM Ultra Trix right?

Thanks


Quoting waddij
Hdz,

See attached. You need to click on the folder option top right.Then click and drag the indicator into whichever window you want it to be displayed in.

PM if you have any problems
Attached Image (click to enlarge)
Click to Enlarge Name: example.jpg Size: 214 KB
  • #5,531
  • Aug 6, 2009 3:07pm Aug 6, 2009 3:07pm
Is anyone having the same problem as i am,my renko chart as been frozen for over an hour..is this normal?
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  • #5,532
  • Aug 6, 2009 3:12pm Aug 6, 2009 3:12pm
Quoting pgpb
How do y'all do this?

thx!
Just drag the trades from the Terminal Window/Account History tab to the chart!.

Good luck.
4XTrader2
  • #5,533
  • Aug 6, 2009 3:18pm Aug 6, 2009 3:18pm
We have talked about it before, Renko never has frozen that I have ever seen since I put it on my charts as an ea, not a script. Try putting the renko
file in your experts directory instead of scripts and then put on your charts as an ea. Just make sure you have live trading and ea's enabled in your mt4.

Brian

Quoting stunna29
Is anyone having the same problem as i am,my renko chart as been frozen for over an hour..is this normal?Attachment
  • #5,534
  • Aug 6, 2009 3:24pm Aug 6, 2009 3:24pm
Quoting kimchikim
hey,

I dont know if it is just my eyes, but it seems that the HMA is not really in the "middle" of the bull and bear candles.
it looks like that the HMA has to be moved up a little bit so that it really is like a "mirror"
If one looks closer if there is a bull move the candles already start above the HMA and during a bear move, the candles are still touching the HMA and after some candles they are already back above the HMA whereas during a bull move the candles never move back under the HMA.

...
I noticed this with the HMA indicators HMA Color nrp, Slope Direction Line, or MA in color_wApplied Price. You can adjust it by setting the price type. There are 6 values you can use:

 

  1. 0 = Close price.
  2. 1 = Open price.
  3. 2 = High price.
  4. 3 = Low price.
  5. 4 = Median price, (high+low)/2.
  6. 5 = Typical price, (high+low+close)/3.
  7. 6 = Weighted close price, (high+low+close+close)/4.

You would open the settings for the indicator and change the Price Type.

Attached Image
4XTrader2
  • #5,535
  • Aug 6, 2009 3:24pm Aug 6, 2009 3:24pm
My Renko's still freeze on occasion on any of the 3 diferent computers that I use. I've tried everything but it still happens multiple times throughout the day too.


Quoting stunna29
Is anyone having the same problem as i am,my renko chart as been frozen for over an hour..is this normal?Attachment
  • #5,536
  • Edited 4:11pm Aug 6, 2009 3:31pm | Edited 4:11pm
Quoting Syahmi
Edge,

How to overcome fear.... the moment you want to pull the trigger, fear always comes...... fears of losing etc...

Appreciate your help on this....


Cheers !
May I offer my experience?

Fear of losing means your focus is on losing. What is the reason you are thinking about losing? There is nothing to fear at all. As soon as you enter your trade or as you enter your trade, make sure your stop loss is in effect. That means you should only lose what you have decided to risk. You can also set your profit exit at this time. There are 2 possible outcomes for your trade, you exit with a predetermined loss or you exit with a win that is either predetermined or left up to the market to decide. What is there to fear? You are trading forex and you know how much price can move. If you predetermine your loss and let your winners run, then sooner or later you'll catch that 20+ pip trade that will make up for a couple of losers. The next time you enter a trade, enter your stop loss and a predetermined profit exit and leave the room. Come back to see what happened. Don't live and die with each and every tick. That only works against you.

If you look at the trades in my C4 thread from today, you'll see one where I waited for a long time to enter, then was 1 pip away from my profit exit and price went against me but returned later to give me a win. It was my good fortune that the trade was a winner. I didn't do a thing to make it win. Had it gone against me 10 pips, it would have been a loser. There was nothing for me to fear.
If you only trade long, then you can't always be wrong.
  • #5,537
  • Aug 6, 2009 3:53pm Aug 6, 2009 3:53pm
thanks Edge.

it was on AU (it's was a while ago, it went down almost to the stop but came back for the +5)

3 x +5 pips thanks to C4. another +34 from my scalps.

good work day for me!
dreams do come true.
  • #5,538
  • Aug 6, 2009 4:09pm Aug 6, 2009 4:09pm
Quoting kapitolking
My Renko's still freeze on occasion on any of the 3 diferent computers that I use. I've tried everything but it still happens multiple times throughout the day too.
Same with me, that's why I'm not going to use renko any more until I can get a more stable version.
******************* I'd rather make money than be right.
  • #5,539
  • Aug 6, 2009 4:14pm Aug 6, 2009 4:14pm
Quoting 4xStar
Same with me, that's why I'm not going to use renko any more until I can get a more stable version.

Have you tried different broker feeds? I find mine freezes little to none on different feeds.
  • #5,540
  • Aug 6, 2009 4:37pm Aug 6, 2009 4:37pm
Quoting waddij
Another example. Have just had 2 more +5 AUD/JPY and EUR/JPY

As you can see from the chart they both dropped back to about -20 before making the +5. Not always like this, usually trades are over and done quickly but 45 mins later is just as good as 4.

THe USD/JPY ... Currently -22...... Cross of MA, change of MA colour and Trix.... good signal, will see what happens.

How did you get the "tails" to show on your Renko bricks? Is there an option I've missed somewhere?

Thank you
Old Benjamin was right
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