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C4 Scalping

  • #5,841
  • Aug 9, 2009 4:01pm Aug 9, 2009 4:01pm
EdgeTrader,

I agree with "Rerier" and would like to know more about the sniper
candles. What exactly does the gold and aqua dots mean? And
how do the sniper candles work? This is info on the c-4 system that
would be very useful!

Also don't pay attention to these other posters who are trying to distract
from the system saying that they want "proof of this or that" if they
have no faith in you or the system they would be better served to "leave
an never come back".

Like in "Top Gun" your training pilot's to fly by wire, not a jet engine mechanic. And their is a difference even tho they both "work" in jets.

Thanks again for all your help and hang in there!!!

snarlyjack
  • #5,842
  • Aug 9, 2009 4:03pm Aug 9, 2009 4:03pm
Quoting studbiol
Hi Rorieu,

these dots are not in use - they only show the close of a single PA and it doesn't depehd on the candle-colour as the candle-colour shows the TRIX-colour.

Regards
Many thanks, studbiol

I couldn't find any reference to them -I'm glad I didn't miss anything.

r
  • #5,843
  • Aug 9, 2009 4:12pm Aug 9, 2009 4:12pm
Quoting snarlyjack
EdgeTrader,

I agree with "Rerier" and would like to know more about the sniper
candles. What exactly does the gold and aqua dots mean? And
how do the sniper candles work? This is info on the c-4 system that
would be very useful!

snarlyjack
Trix is coded into the indicator so that it changes the candles color when Trix crosses 0 line. It eliminated the need for Trix in the indicator window below (except for the arrows).
The dots are the close, either high or low, not really of much use and you can turn them off in the settings
Q
The Only Constant Is Change!
  • #5,844
  • Aug 9, 2009 4:14pm Aug 9, 2009 4:14pm
Quoting rorieu
Can some kind person explain if (and how?)the Aqua and Gold dots on the Scalper Candles are used in C4 (or Nitro)?

rorieu
If you look carefully, the gold dots indicate that the underlying candle closed down and the aqua dots indicate the candle closed up.
4XTrader2
  • #5,845
  • Aug 9, 2009 4:14pm Aug 9, 2009 4:14pm
Firstly, I really don't want your respect.

Secondly, I'm just a guy looking for clarification of the extensive backtesting of the plans presented here. Is that really so bad?

Having said that, I also must say Edgetrader is a saint! He has provided a lot of good stuff for free. He has spent many, many hours to help the readers of this thread. I'd love to buy him a beer.

My forward testing has been quite successfuly. I think this plan(s) has much potential. I have also gone to great lengths to backtest the C4 plan as much as possible. I can assure you there is a lot of work involved with accurately backtesting the C4 plan (and Nitro for that matter) in MT4. So, when Edgetrader said the plans presented here have been extensively backtested, of course I would want to get some details of these backtests. I can't imagine why anyone would NOT want to see these results.

I'm not demanding Edgetrader prove anything. I'm just requesting some more information about the extensive backtesting.

As far as me having 'sinister' or 'commercial' motives in mind, I can only reply with a quote that Edgetrader himself has used:

HORSE HOCKEY!!!!!


Quoting Dm3554
zznbrm ..... with all due respect, are you simply trying to question the system's credibility, or do you have a more sinister (commercial) motive for requesting backtest results?

And since you note in your post that the system's author has stressed repeatedly in his posts that trading this (and any other manual) system is 25% system and 75% trader dependent, how can representative backtests be obtained and presented?

You're clearly intelligent enough to know this; so it seems to me that you're intention here is just...
  • #5,846
  • Aug 9, 2009 4:36pm Aug 9, 2009 4:36pm
Quoting rorieu
Can some kind person explain if (and how?)the Aqua and Gold dots on the Scalper Candles are used in C4 (or Nitro)?

rorieu
Those colors indicate if the candle closed up or down which would otherwise not be visible on a trix candle. So a down candle could be trix positive and an up candle vice-versa.
I was the one who requested this addition as it is helpful to me to know which way a candle has closed.
******************* I'd rather make money than be right.
  • #5,847
  • Aug 9, 2009 4:37pm Aug 9, 2009 4:37pm
Quoting zznbrm
Firstly, I really don't want your respect.

Secondly, I'm just a guy looking for clarification of the extensive backtesting of the plans presented here. Is that really so bad?

Having said that, I also must say Edgetrader is a saint! He has provided a lot of good stuff for free. He has spent many, many hours to help the readers of this thread. I'd love to buy him a beer.

My forward testing has been quite successfuly. I think this plan(s) has much potential. I have also gone to great lengths to backtest the C4 plan as much as possible. I can...

Will save you a ton of time here.

Backtest with a simulator if you wish, and backtest C4 ONLY at the hours I trade. The rest is a waste of your time. It is not up to me to prove, it is up to others to disprove. Will not do their due diligence for them. No progress to date on that front and hundreds of live trades posted in support of the C4 plan.

Regards.
  • #5,848
  • Aug 9, 2009 4:39pm Aug 9, 2009 4:39pm
Quoting JazzmanQ2
Trix is coded into the indicator so that it changes the candles color when Trix crosses 0 line. It eliminated the need for Trix in the indicator window below (except for the arrows).
The dots are the close, either high or low, not really of much use and you can turn them off in the settings
Q
For me they are useful that's why I requested that sm add them in. If candles are trix red and one turns trix green .. but closes down .. that gives me a clue that the turnaround might not be as strong .. maybe wait for another candle.
In any case, I find them useful
******************* I'd rather make money than be right.
  • #5,849
  • Aug 9, 2009 4:47pm Aug 9, 2009 4:47pm
Quoting 4xStar
For me they are useful that's why I requested that sm add them in. If candles are trix red and one turns trix green .. but closes down .. that gives me a clue that the turnaround might not be as strong .. maybe wait for another candle.
In any case, I find them useful
Sorry i should have said that they are not really useful for Nitro.
Q
The Only Constant Is Change!
  • #5,850
  • Aug 9, 2009 4:47pm Aug 9, 2009 4:47pm
I am using FXDD and only a few of the pairs offer the M2 offline needed to run the Renko candles, is there a site I need to go to download that data for the other pairs on MQL4??

Regards,
Tony
  • #5,851
  • Aug 9, 2009 4:51pm Aug 9, 2009 4:51pm
Quoting FrankenPip
Hi Edgetrader:

The question of extensive backtesting maybe valid considering the rules/indicators for C4 have changed since thread inception. Is there something I do not comprehend? I am not challenging you in anyway, Edgetrader, it is only my observation. I have read the entire thread. Edgetrader, I am not asking you to prove anything and you don't have to.

.
Changed how?

Still have PA crossing a MA (whether Hull or LWMA as either has to change color to signal the movement) and is confirmed by a trix. The only addition is a basic meter telling you a 15m TF trix direction addition to assist the conservative traders to stay with trend if apparent.

How much backtesting has been completed by anybody else here on their own accord? Not much, that is why most are just demo trading the plan for now to see how it works for them. If I show 10,000 trades in backtesting, will this convince everyone of plan viability? If so great. Are they willing to pay for such information that they are stupid enough to act on? Yep, stupid! Did they do anything on their own? Nope!

Same people that buy flavor of the month robots or go to threads with that being the first question out of their mouths. Some of these are the same ones who took a preview of a trading plan (which was not fully disclosed) and are still trying to make it work by their curve fitting efforts. Good luck with that.

Last and not least, I will deal with 'Doc' one last time.

Regards.
  • #5,852
  • Aug 9, 2009 4:55pm Aug 9, 2009 4:55pm
Quoting 4xStar
For me they are useful that's why I requested that sm add them in. If candles are trix red and one turns trix green .. but closes down .. that gives me a clue that the turnaround might not be as strong .. maybe wait for another candle.
In any case, I find them useful
Perhaps I should add something to my answer. When trading C4 the dots show you when PA crosses the LWMA whether the candle closes above or below LWMA. I think this might be useful

Regards
If there are pips you can collect - just do it!
  • #5,853
  • Aug 9, 2009 4:59pm Aug 9, 2009 4:59pm
Quoting tptrading
I am using FXDD and only a few of the pairs offer the M2 offline needed to run the Renko candles, is there a site I need to go to download that data for the other pairs on MQL4??

Regards,
Tony
Im on fxdd also. Once you have applied the Renko script to the 1 min chart it should start building history offline. Give it a couple of minutes then try again.
Q
The Only Constant Is Change!
  • #5,854
  • Aug 9, 2009 5:08pm Aug 9, 2009 5:08pm
I can't imagine why anyone would test outside of the recommended C4 hours.

Well, I guess we can officially (and finally) close the backtest issue. Everyone is on their own...I can live with that.

Quoting Edgetrader
Will save you a ton of time here.

Backtest with a simulator if you wish, and backtest C4 ONLY at the hours I trade. The rest is a waste of your time. It is not up to me to prove, it is up to others to disprove. Will not do their due diligence for them. No progress to date on that front and hundreds of live trades posted in support of the C4 plan.

Regards.
  • #5,855
  • Aug 9, 2009 5:08pm Aug 9, 2009 5:08pm
Quoting JazzmanQ2
Im on fxdd also. Once you have applied the Renko script to the 1 min chart it should start building history offline. Give it a couple of minutes then try again.
Q
For my renko charts I use ForexMeta which is by FXDD .. all the pairs open offline charts with any number you set. Remember a M2 chart offline for renko is not a '2 minute' chart. It is just the number 2 you arbitrarily assigned to that chart .. you could call it 4 or 9 or 17 .. any number not already in use by MT4. When you load renko ea onto the 1 min chart you set your bar range and the number you want for your offline chart. I use 10 and 3 for mine.
******************* I'd rather make money than be right.
  • #5,856
  • Aug 9, 2009 5:09pm Aug 9, 2009 5:09pm
Quoting fxxx
about 6000 posts, 400 pages - 2 systems
good idea to place thread navigation in first page (links to key issues (incl. summaries, back/forward tests, faq, etc)
Good idea. Want the job?
  • #5,857
  • Aug 9, 2009 5:13pm Aug 9, 2009 5:13pm
Quoting zznbrm
I can't imagine why anyone would test outside of the recommended C4 hours.

Well, I guess we can officially (and finally) close the backtest issue. Everyone is on their own...I can live with that.
Everyone always has been. I see nothing in the thread that allows thinking to the contrary.

One will always reap what they sow. Been that way since the dawn of time.

It is those seeking something for nothing in this thread that many take issue with. Not trying to single anybody out, this is just a fact of this thread, and FF in general.

Regards.
  • #5,858
  • Aug 9, 2009 5:18pm Aug 9, 2009 5:18pm
Quoting studbiol
Perhaps I should add something to my answer. When trading C4 the dots show you when PA crosses the LWMA whether the candle closes above or below LWMA. I think this might be useful

Regards
That would really be splitting hairs as it appears to be an effort to seek a perfect entry.

As mentioned before, trading C4 takes the ability to think beyond simple mechanical trading signals. You have to watch PA develop a bit and let the trade come to you. This is why, even in my own trades with this, you get varied entries. You learn to trade what you see. As long as peopleremain fixated on the perfect entry based on the perfect signal, they will have trouble.

PA leads the way, indicators just confirm a hypothesis as to direction.

Regards.
  • #5,859
  • Aug 9, 2009 5:24pm Aug 9, 2009 5:24pm
Jazzman, thanks it worked great.


Quoting JazzmanQ2
Im on fxdd also. Once you have applied the Renko script to the 1 min chart it should start building history offline. Give it a couple of minutes then try again.
Q
  • #5,860
  • Aug 9, 2009 5:46pm Aug 9, 2009 5:46pm
Quoting DocPMD
You've got to be kidding! I have read every post in this thread, some many times over, and there are no backtest results.

We are being asked to take on faith that this trading method is profitable. Given the number of systems that have been presented on FF, certainly you can't blame people for being skeptical and asking for some proof.

And consider that this system that has supposedly been "backtested, and quite extensively at that", has changed multiple times over the past month. The indicators have changed and the parameters for those indicators...
I personally blame no one for being cautious or skeptical.

What I despise is the welfare baby attitude of constantly wanting everything handed to them for nothing. How hard is it to backtest PA crossing a MA with a conformational indi in support? The trading times have been provided to test for optimum results. But no, that does not suffice. Gimme more. I want proof. You paid for nothing, so you should expect nothing.

If you want proof, go get it! Do the modicum of work needed to prove or discredit the plan on your own. You are NOT being asked to take the plan on faith. You are being asked, now and from day one, to do the work to discredit the plan, or do the work to satisfy your skepticism. Many have done neither and continue to do so. Habitual whiners and proverbial welfare babies with regards to trading. Always have been and always will be.

Indicators changed? How? Because color has been added to appease the color oriented basic bread and butter beginning trader? As mentioned, the plan is still PA crossing MA with confirmation. Still, nobody can submit viable trading results to discredit the method.

Were you offered a plan with a stated hit rate? Nope. Were you offered a plan that costs you anything from a monetary perspective? Nope.

Have I ever said that the plan will provide you with anything other than an opportunity to trade or not depending on your own skill level? Nope.

Lastly, has anyone here been flamed (in your opinion) for asking for something they themselves could have attained with relative ease on their own? Nope. Only ones flamed are those to lazy to do for themselves a simple task which, in actuality, is a basic due diligence task that any competent person would perform to begin with.

I have neither empathy, sympathy nor respect for any individual not capable of completing basic tasks associated to investing and trading. And I have little to no tolerance at all for the liberal mindset of defending the actions of those who are capable of (but refuse) doing their own simple homework.

Perhaps I am being too politically correct again?

Regards.
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