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C4 Scalping

  • #5,681
  • Aug 7, 2009 10:25am Aug 7, 2009 10:25am
Quoting DocPMD
Since there was no official description of the exact way to trade Nitro by Edge (despite what may be on page 1), I have been toying with other parameters as well. For instance, if you want to require that the bar cross the LWMA, you could change the "Input Value" to "TRIX(Close,2)>0 and Waverage(Close,8)<Close" for example.

I am no TS expert, and there may be easier ways to do this, but it is what I am doing now.

Doc
There is a pretty good base trading plan for Nitro on page one for the MT4 users.

'NITRO' Scalping...

Trading the Nitro plan is quite easy. The best suited pairs for this plan are EY, CY, AY and GY. (Can substitute GY with UY if uncomfortable with large spread and high volatility). You will notice only an additional primer is utilized.

1. Set the Renko brick size to 10 tics!!!
2 - PA turns color as does the HMA color indicator.
3 - Momentum crosses the 'zero' level of the Trix indicator. These are your Primers!
3 - Trix changes color (with arrow confirmation) and that is your detonator.

Once these two conditions are met place your trade.
The goals are the same as with C4. You seek +5 net pips and exit the trade. Your SL is discretionary and is based upon your personal observation of PA.

As for playing around on TS, it seems you two have a pretty good idea of what you are trying to do there. Nobody else here is involved with that platform (other than myself) so postings of such are not thread relevant or beneficial. As such, please feel free to utilize e-mail or PM with each other as your mode of communication while using TS. Postings on the thread itself should be limited to the plan set forth on basic MT4 as it is apparent 99.9% of the thread utilizes such.

As yet one more reminder, 'Nitro' WAS NOT released to the thread in general. It was PREVIEWED only. The thread has taken it upon themselves to do quite a bit of work adapting that preview into a somewhat useful MT4 application. I have focused effort myself on the MT4 in order to further their work and would like to continue such solely at this time.

As should be noticed, I have posted NO TS chart shots for some time and would ask the same of anyone else using that particular platform at this time.

Regards.
  • #5,682
  • Aug 7, 2009 10:38am Aug 7, 2009 10:38am
Quoting pgpb
DXtrade
If you look at my attached chart, it does not look like I am getting long trade arrows, (or perhaps all the long trade arrows) I am using DXtrade C4 with default setting for arrows.
Do you use a different indicator?

Thanks!
Nitro is a velocity based trading plan. As such, those arrows seem to appear at a brick close. Using such in a trading decision will cause quite a few late entries if not VERY proficient in their usage.

Regards.
  • #5,683
  • Aug 7, 2009 10:43am Aug 7, 2009 10:43am
Quoting Edgetrader
There is a pretty good base trading plan for Nitro on page one for the MT4 users. . .

As yet one more reminder, 'Nitro' WAS NOT released to the thread in general. It was PREVIEWED only.
Edge,

First, before you read the rest of this post and get mad at me, I would like to say "thanks" because I think you have led me down a path to potential profits using either C4 or Nitro. I was just trying to contribute.

Second, I think it is very confusing to all of those involved to provide a detailed description of Nitro on page 1, and then tell everyone that "Nitro was not released . . ."

Third, I thought that this thread was about a trading methodology that is non-specific to the platform. There was a lot of discussion on how to get this running on MT4 since that is what most use, so I understand that. But I really cannot understand what harm will be done by adding a couple posts on TS buried in 379+ pages of the thread. It may help more people than you think.

That said, I will absolutely respect your request and no longer discuss TS or post any TS charts. Unfortunately, this will limit my ability to contribute to the thread .

Thanks,
Doc
  • #5,684
  • Aug 7, 2009 10:51am Aug 7, 2009 10:51am
Guys..how can i set those alarms on that MTF Trix...there is stting true or false and everything is on true but i still don have that signal or alert..it has even email alert..that does not work too...
Only draw arrow alerts work coos i can see those...

What is a trick?

Regards
Work smart not hard
  • #5,685
  • Aug 7, 2009 11:15am Aug 7, 2009 11:15am
And another +5 set on C4.

As you are still demo trading this, I will ask this once again.

Your 'demo' trading should entail you resetting your 'demo' platform to and account size of $10k each and every day.

You need to work on getting either 20 pips with 1 standard lot or 40 pips trading .5 lot size. This will equal a 2% net account gain.

Your losses, based upon a -4% criteria, are obviously set at -40 or -80 pips depending on the lot size you are trading at. This is consistent with page one goals.

Each time you hit either mark, go and reset the platform and do it again, and again, and again, and again until you get used to the plan specifics in general.

Those actually trading real funds, you will naturally have to set you monetary limits according to your preferred trading levels.

You need not display a whole lot of trades on your charts. Separate them as a group into either +2% or -4% account activity. This will be beneficial for obvious reasons. You have around 6-7 hours of trading time depending on your location and time constraints. Work within the time guideline set forth.

I know it seems redundant and it is. Repetition is not the most exciting thing to engage in. It is however, a necessary evil.

Regards.
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  • #5,686
  • Aug 7, 2009 11:19am Aug 7, 2009 11:19am
Quoting pgpb
DXtrade
If you look at my attached chart, it does not look like I am getting long trade arrows, (or perhaps all the long trade arrows) I am using DXtrade C4 with default setting for arrows.
Do you use a different indicator?

Thanks!
I'm using C4 too, but I'm getting all kinds of signals...set to the default. But strangely not a arrow on the most recent move (see the chart)

DA are you using a different version of your DX Trade Indy?
  • #5,687
  • Aug 7, 2009 11:20am Aug 7, 2009 11:20am
Quoting pilotui
I'm using C4 too, but I'm getting all kinds of signals...set to the default. But strangely not a arrow on the most recent move (see the chart)

DA are you using a different version of your DX Trade Indy?
Sorry, here's the chart
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  • #5,688
  • Aug 7, 2009 11:24am Aug 7, 2009 11:24am
Thank you so much for that indi Studbiol !

Now what would be really nice is an alert for that indi, when the bars cross the upper and the lower ma line - perhaps some of our beloved coders here in the thread can do this ?



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

but a last further + 10 pips

Attachment

Regards and thanks
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  • #5,689
  • Aug 7, 2009 11:28am Aug 7, 2009 11:28am
sry forgot to add the indi ..
Attached File(s)
File Type: ex4 BarScalper MACD.ex4   4 KB | 797 downloads
  • #5,690
  • Aug 7, 2009 11:30am Aug 7, 2009 11:30am
Quoting DocPMD
Edge,

First, before you read the rest of this post and get mad at me, I would like to say "thanks" because I think you have led me down a path to potential profits using either C4 or Nitro. I was just trying to contribute.

Second, I think it is very confusing to all of those involved to provide a detailed description of Nitro on page 1, and then tell everyone that "Nitro was not released . . ."

Third, I thought that this thread was about a trading methodology that is non-specific to the platform. There was a lot of discussion on how to...
Thanks for your comments and very pleased either plan has the potential to energize and help you reach your own trading goals.

I can appreciate your effort to contribute. However, I have not witnessed a whole lot of confusion regarding Nitro. The thread simply took a preview, did some work and have found a way to incorporate the basics into their trading plan strategies. So be it. They are, as a group, well aware they are working with an adaptation of their creation, not mine.

Have worked alongside of them with the MT4 as, again, it is what 99% of those following the thread are utilizing. It is working pretty well overall at this stage.

As for harm regarding a TS posting in the thread, on the surface there is none. However, the indicators used are not what is promoted here. The trix coding is completely different than that utilized here, the PA used to form the bricks is offset from that of the MT4 and there are a few other nuances that will reflect a completely different look than that which many of the MT4 users here are familiar with. Thus, we have the potential for confusion and that is to be avoided at this stage at all costs.

When the thread reaches a point where I deem it prudent to release futher info on Nitro, then I will. Until then, I would prefer the followers to continue at this level until proficiency has been gained with both C4 and the adapted Nitro plans.

We are only a month old, time and patience is the order of the day imho.

Regards.
  • #5,691
  • Aug 7, 2009 11:34am Aug 7, 2009 11:34am
Well, what a busy day it has been!

Only managed 1 trade today for an easy +5. Am all done for the weekend

Account balance -17 pips for the week.....This had a lot to do with my bad day on Tuesday where i took trades that just weren't there and revenge trading got me again. Was -60 for that day I think. Also the trade last night that was posted that was -22 at the time stopped out for -25..... But as DaveW quite rightly commented on I should not have entered as the Momo was not going my way..

So a loosing week but still a positive (would be +60 ish)

Lessons to take forward to next week.

1. Just trade the set up AND ONLY THE SET UP.
2. Trade and move on, win lose or draw...
3. Keep emotions out of it.
4. Ignore the non-trading comments and posts and just get on with it.

Edge, mate thanks for everything. Looking forward to next week to get stuck in. Am off nights now so will have a whole week to concentrate on trading the plan as set out with limited interruptions. Am REALLY looking forward to it.....ooops, sorry no emotions

Guys (and gals and guys that pretend to be gals and gals that pretend to be........) have a great explosive free weekend. See you all Monday

Waddij
  • #5,692
  • Aug 7, 2009 11:45am Aug 7, 2009 11:45am
Quoting tex
Thank you so much for that indi Studbiol !

Now what would be really nice is an alert for that indi, when the bars cross the upper and the lower ma line - perhaps some of our beloved coders here in the thread can do this ?
Sounds like a good idea, provided it is coded and thoroughly tested before reappearing on the thread. Has plenty of 'potential', just needs the trading proof. Of course, PM and e-mail will suffice for those efforts.

Regards.
  • #5,693
  • Aug 7, 2009 11:48am Aug 7, 2009 11:48am
Quoting waddij
Well, what a busy day it has been!

Only managed 1 trade today for an easy +5. Am all done for the weekend

Account balance -17 pips for the week.....This had a lot to do with my bad day on Tuesday where i took trades that just weren't there and revenge trading got me again. Was -60 for that day I think. Also the trade last night that was posted that was -22 at the time stopped out for -25..... But as DaveW quite rightly commented on I should not have entered as the Momo was not going my way..

So a loosing week but still a positive (would be...
Excellent.

Review front page over the weekend if C4 oriented. It will be edited and simplified further.

Regards.
  • #5,694
  • Aug 7, 2009 12:11pm Aug 7, 2009 12:11pm
Quoting Edgetrader
Sounds like a good idea, provided it is coded and thoroughly tested before reappearing on the thread. Has plenty of 'potential', just needs the trading proof. Of course, PM and e-mail will suffice for those efforts.

Regards.

Hi Edgetrader,

the BarScalper MACD I once posted is coded originally by Swingman. This indicator is MACD based - as it's name shows. Swingman has coded a new one that is Trix based. Perhaps you may have a look on it, test it and decide what should happen with it. It has the same possibilities for setting as the one you used before and many people just do.

Here you can download it.

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

Have a nice weekend, thanks for your thread.

Best regards
If there are pips you can collect - just do it!
  • #5,695
  • Aug 7, 2009 12:14pm Aug 7, 2009 12:14pm
I totally blew it today. Lost all my discipline, didn't pay attention to the rules or the signals. Paid for it dearly. Only myself to blame. After the first 4 trades were losses began revenge trading and succeeded in totally screwing myself up. Blew everything I learned and gained this week. Self discipline is a real challenge for me sometimes.

Sorry, I will do my best not to repeat this performance. I guess I am busted back to Private.
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4XTrader2
  • #5,696
  • Aug 7, 2009 12:14pm Aug 7, 2009 12:14pm
I did my best to copy DX's Setup...I really like the look and the functionality of your system rolled into this format.

My question is: Doesn't the LWMA have to be primed (in my case yellow, then Blue to truly signal a Long trade?)

For example: A continuation trade would be: when the Brick may change to the opposite color and close that way but the LWMA either stays black OR it changes to Yellow (the pause) but then goes back to Black on the next Brick (assuming it's a Black Brick).

A true reversal and trade signal would be: when the Brick Changes to opposite color, followed by or preceeded by a change from the LWMA from Black to Yellow, then to Blue...once the next brick has closed blue.

Does that make sense?

So to summarize DX's previous post:

Long=
1. Trix is NOW above Zero w/signal arrow
2. Nearest previous Trix bar was below Zero
3. The Close of the previous (before signal) Brick was BELOW LWMA
4. Use Momentum Switch from Down to Up to confirm entry

Short=
1. Trix is NOW below Zero w/ signal arrow
2. Nearest previous Trix bar was Above Zero
3. The Close of the previous (before signal) Brick was ABOVE LWMA
4. Use Momentum Switch from Up to Down to confirm entry

I appreciate your comments Sir!
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  • #5,697
  • Aug 7, 2009 12:21pm Aug 7, 2009 12:21pm
Quoting Edgetrader
Sounds like a good idea, provided it is coded and thoroughly tested before reappearing on the thread. Has plenty of 'potential', just needs the trading proof. Of course, PM and e-mail will suffice for those efforts.

Regards.

... forgot to say:

I use that "SwingMan UltraSuperTRIX_PV_v2" with both: C4 and Renco. With Renco it works fine if you chose a setting that puts 20 pips = 2 bricks ( one up, one down) in that "no-trade-area".

Regards
If there are pips you can collect - just do it!
  • #5,698
  • Aug 7, 2009 12:28pm Aug 7, 2009 12:28pm
Quoting 4xtrader2
I totally blew it today. Lost all my discipline, didn't pay attention to the rules or the signals. Paid for it dearly. Only myself to blame. After the first 4 trades were losses began revenge trading and succeeded in totally screwing myself up. Blew everything I learned and gained this week. Self discipline is a real challenge for me sometimes.

Sorry, I will do my best not to repeat this performance. I guess I am busted back to Private.
You need to get the book cited on Page 1 of this thread - "Trading in the Zone". It helped me a lot to better understand how to avoid exactly what you just went through.

Doc
  • #5,699
  • Aug 7, 2009 12:36pm Aug 7, 2009 12:36pm
Quoting pilotui
I did my best to copy DX's Setup...I really like the look and the functionality of your system rolled into this format.

My question is: Doesn't the LWMA have to be primed (in my case yellow, then Blue to truly signal a Long trade?)

For example: A continuation trade would be: when the Brick may change to the opposite color and close that way but the LWMA either stays black OR it changes to Yellow (the pause) but then goes back to Black on the next Brick (assuming it's a Black Brick).

A true reversal and trade signal would be: when the Brick...
Will leave that up to Dx to explain his trading criteria.

As for me, I use a very simple approach as shown on page one.

Here is the EU chart I have for today. As of this posting, I see five trade possibilities shown by the verticle lines. It appears to me that each one is about as clean a setup as we could ask for. Also, the tally for these, in my opinion, is a clear +25 pip total based upon Nitro guidelines as set. Have the SM Scalper candles on Nitro as well just so as to eliminate the indicator redundancy issue.

Regards.
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  • #5,700
  • Aug 7, 2009 12:49pm Aug 7, 2009 12:49pm
Quoting DocPMD
You need to get the book cited on Page 1 of this thread - "Trading in the Zone". It helped me a lot to better understand how to avoid exactly what you just went through.

Doc
Excellent recommendation!!!!

You have to be able to prep your mind to accept a change to years of pre-established conditioning. Thus, we need to 'unscramble scrambled eggs' as the analogy goes.

Regards.
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