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C4 Scalping

  • #5,721
  • Aug 7, 2009 3:09pm Aug 7, 2009 3:09pm
Quoting DXTrade
Some of you asked how to trade this.
Arrow -> wait for brick close -> Pull!!! 1 - 2 - 3...
Here a short demonstration of my EURJPY chart - FXDD Live.
Feeds and renko start points may differ from mine.

2 days
12 times +5
no loser

60 pips quickly done!
hii
can you please post the template of your setup ?

thanks
  • #5,722
  • Aug 7, 2009 3:21pm Aug 7, 2009 3:21pm
Quoting iak
Hi, i just got a renko script from the trading system c4 for poor traders. cld someone help me get it working on the charts? i have saved it to the script file in mt4 and it is in the corner of a chart saying renko but it not showing renko bricks, just normal candles. what am i missing here?
Ckeck whether this script is also from Codebreaker.
/ ... clarifying decisions ... /
  • #5,723
  • Edited 4:03pm Aug 7, 2009 3:26pm | Edited 4:03pm
Attached Image (click to enlarge)
Click to Enlarge Name: frankenpipchart.gif Size: 17 KB


Does this look right? I attached my template. You will need to get the sweetspotsGOLD indicator to make the lines. I think I see a way how to use this with my train station analogy. I will explain in my thread (http://www.forexfactory.com/showpost.php?p=2939996&postcount=204) so I do not step on anyone's toes.
Attached File(s)
File Type: tpl frankenpip_c4_template.tpl   41 KB | 574 downloads
If you only trade long, then you can't always be wrong.
  • #5,724
  • Aug 7, 2009 3:28pm Aug 7, 2009 3:28pm
Quoting walb99
Ckeck whether this script is also from Codebreaker.
got it from someone going by the name fxxx. dont know if this is diodgy or not. looks ok. maybe someone cld take a look. page 13 on c4 for poor traders
  • #5,725
  • Aug 7, 2009 3:38pm Aug 7, 2009 3:38pm
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 74 KB
  • #5,726
  • Aug 7, 2009 3:42pm Aug 7, 2009 3:42pm
Edge,
Thank you.
  • #5,727
  • Aug 7, 2009 3:53pm Aug 7, 2009 3:53pm
Hi Edge,

Really appreciate that you decided to move some of your focus back to C4 trading even if it is for a couple of days. The comments you make and examples of your marked charts provide an excellent guide for all members who try to learn and improve on this methodology. I started trading the method live this past week and am very glad that so far trading C4 has fit so well around my (laid back) daily schedule. Results were also pretty good, though this is not really important at this early training stage.

Look forward to your further thoughts regarding C4!

Regards


Quoting Edgetrader
In trading C4, I see no reason to have anything more than the SM Scalp candles and the DX v.7 meter. One could put a WMA set at 10 maybe just to be able to see PA around a moving average, but I do not think anything else is needed.

Good trade setups are naturally when the PA changes color, and a trader waits for the meter to confirm. Green / long, red / short. Do not even need great timing on the trades, just watch the PA and maybe throw a 25 pip SL if you like.

Am going to post some thoughts regarding C4 and this meter this weekend.

Regards....
  • #5,728
  • Aug 7, 2009 4:08pm Aug 7, 2009 4:08pm
Quoting iak
got it from someone going by the name fxxx. dont know if this is diodgy or not. looks ok. maybe someone cld take a look. page 13 on c4 for poor traders
OK, then simply send PM to fxxx or post a request in his thread and ask him about this issue.
/ ... clarifying decisions ... /
  • #5,729
  • Aug 7, 2009 5:26pm Aug 7, 2009 5:26pm
Quoting Edgetrader

Have the SM Scalper candles on Nitro as well just so as to eliminate the indicator redundancy issue.

Regards.
Edge, I can appreciate the consistency of your position on not posting a template and my request is not for this. I have reviewed your posted charts along with the progression of indi's and created my work station to be as close to yours as possible. The only thing I am having a problem with is getting the Renko bricks to look the same as yours when I overlay the SW Scalper Candles. I note that you use black for bar down, white for bar up. Then it looks like you are using red and blue as the colors for SW Scalper Candles. When I try this it simply paints my bricks solid red and blue with no shadow like yours. I would really appreciate it if you could briefly give the how to on this.
Thank you
  • #5,730
  • Aug 7, 2009 5:51pm Aug 7, 2009 5:51pm
Quoting lotabulstool
Edge, I can appreciate the consistency of your position on not posting a template and my request is not for this. I have reviewed your posted charts...

If you already loaded the scalper candles you are probably getting solid coloured bars because your chart is "zoomed" too far out - zoom in a little. Then you can change the colouring via the scalper candle properties and the chart properties.

have a great weekend.

Nick
  • #5,731
  • Aug 7, 2009 6:11pm Aug 7, 2009 6:11pm
Hi guys...

here the template and indis as requested in the post and around 21 PM's

The settings in the template are already for the "new" edge settings he is playing with as I like them as well.

The EJ charts I posted yesterday are still with the 2,1,1,1 Trix filtered with 8,3,6 and 12,3,6 LWMA

So to get this you need to change the Scalper Candles from 3 to 2 and the C4 Nitro Indi to 2,8,12 or 2,8,8 to get the "original settings" from Post#1

In the Pivot indi from the THV thread you need to set your GMT shift as needed. FXDD is 2

And I added the new DX Meter v8 (Dashboard) as well with improved esthetics. If you don't want the background rectangle just set the color to the same as your chart background.

And don't always use default values if using a whatsoever indicator. Think about what they are supposed to do and set them accordingly. The coders normally put some default settings which not always accord to the thread motive. Use your brain.

So as soon as Edge is changing the Post#1 settings... do the same in the settings of your indis.

For my entries and the reasoning: well, if you look at the EJ charts posted yesterday it should be pretty clear. But I still have a normal candle chart open of the same pair and watch the PA there as I'm used to do this with 8 years screen time. Gives me a picture of what's going on. So in a down movement I obviously wouldn't take buys... although with Nitro you could do that.

Addition: there are probably again some files in the zip file coming from my Mac... files beginning with dot or underscore. Delete them. I can't prevent my Mac doing this
So there should be 5 indicators and 1 template file... not more.

Have fun...
Attached File(s)
File Type: zip DX tmp & ind.zip   54 KB | 1,156 downloads
"The only successful substitute for brains is silence."
  • #5,732
  • Aug 7, 2009 6:30pm Aug 7, 2009 6:30pm
Quoting DXTrade
Hi guys...

here the template and indis as requested in the post and around 21 PM's
"snip"

Have fun...
Dude, you da' man!!!

So here is a question for you DXTrade......what method were you trading before Edge? (BE = Before Edge) Obviously you and GlenEagles and a few others have taken to this like ducks to water. I am curious what you guys who are making this work were doing "BE"


By the way....Edge has really altered my trading, certainly it is a great system, but it is his unbending strictness of sticking to the system. I am in the midst of reading Trading in the Zone, and that book and Edge is just what the doctor ordered
  • #5,733
  • Aug 7, 2009 6:34pm Aug 7, 2009 6:34pm
Quoting nick2112
your chart is "zoomed" too far out - zoom in a little.
Nick
Now that is embarrassing. Your recommendation solved my problem. Thank you very much for your prompt assistance.
  • #5,734
  • Edited 7:37pm Aug 7, 2009 7:34pm | Edited 7:37pm
Quoting DXTrade
Hi guys...

here the template and indis as requested in the post and around 21 PM's

The settings in the template are already for the "new" edge settings he is playing with as I like them as well.

The EJ charts I posted yesterday are still with the 2,1,1,1 Trix filtered with 8,3,6 and 12,3,6 LWMA

So to get this you need to change the Scalper Candles from 3 to 2 and the C4 Nitro Indi to 2,8,12 or 2,8,8 to get the "original settings" from Post#1

In the Pivot indi from the THV thread you need to set your GMT shift as needed. FXDD is 2...
DX here is how I made 100% trades thanks to You, Edge, Sm and Meand Eagle. I added COG THV and THV T3 and Semaphor. With these I am picking up true trend and reverses. I tested on a live account so I am accountable and have the real money feel. I will trede in both directions when COG is really spread apart but when it is close together like at the end of the chart I only take trades in the direction of COG trend. Thanks again Guys and this is my contribution.
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy.gif Size: 33 KB
  • #5,735
  • Aug 7, 2009 7:38pm Aug 7, 2009 7:38pm
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.
Ok, you can join me in the Penalty Box (where there is no beer... ) as I also messed up starting yesterday morning. I was so in the grove earlier this week .. then strayed and never found my way back.
Old habits are hard to break .. even if they never worked before and are well worth discarding!!

I'm stoked for next week as I have seen twice before how quickly one can recover with just a little bit of focus on the 'bare essentials'.

I will spend the weekend re-reading the good stuff and meditating on my sins...
******************* I'd rather make money than be right.
  • #5,736
  • Aug 7, 2009 7:40pm Aug 7, 2009 7:40pm
Quoting mgs1f
DX here is how I made 100% trades thanks to You, Edge, Sm and Meand Eagle. I added COG THV and THV T3 and Semaphor. With these I am picking up true trend and reverses. I tested on a live account so I am accountable and have the real money feel. I will trede in both directions when COG is really spread apart but when it is close together like at the end of the chart I only take trades in the direction of COG trend. Thanks again Guys and this is my contribution.
What is COG THV?
******************* I'd rather make money than be right.
  • #5,737
  • Aug 7, 2009 7:46pm Aug 7, 2009 7:46pm
Quoting mgs1f
DX here is how I made 100% trades thanks to You, Edge, Sm and Meand Eagle. I added COG THV and THV T3 and Semaphor. With these I am picking up true trend and reverses. I tested on a live account so I am accountable and have the real money feel. I will trede in both directions when COG is really spread apart but when it is close together like at the end of the chart I only take trades in the direction of COG trend. Thanks again Guys and this is my contribution.
Looks like an xmas tree.

  • #5,738
  • Aug 7, 2009 7:47pm Aug 7, 2009 7:47pm
Quoting 4xStar
What is COG THV?
Another thread.
  • #5,739
  • Aug 7, 2009 7:52pm Aug 7, 2009 7:52pm
Quoting 4xStar
What is COG THV?
Green Red and Black Lines. I will not post indicators as they can be found in the Forum and I do not want to upset Edge. My disclamer is that I have studied my system and it works for Me and is not guaranteed to work for others due to impatience or rushing the trade. My entry follows Edges rules and I exit on my rules at the new resistance levels or close to them. I remain glued to my chair and it is rarely that I have more than Two trades going.
  • #5,740
  • Aug 7, 2009 7:53pm Aug 7, 2009 7:53pm
Yep - I think too: this last chart (mgs1f) isn't defenitly in terms of the principles of this thread.

Just my 2 cents worth.
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