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C4 Scalping

  • #5,901
  • Aug 9, 2009 10:50pm Aug 9, 2009 10:50pm
A quick trade...
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How do you make a small fortune in Forex? Start with a large one!
  • #5,902
  • Aug 9, 2009 11:03pm Aug 9, 2009 11:03pm
my supertrixpv4col indicator is giving repeated alerts at times. it just keeps triggering. it will ding about 20 times then stop and then do it again.

its been doing this for a few days and is keeping me from being able to use the indicator. anyone else seen this happen? any suggestion to fix?
  • #5,903
  • Edited Aug 10, 2009 7:44am Aug 9, 2009 11:11pm | Edited Aug 10, 2009 7:44am
Guys

heres the updated version of the DX Meter.
Sorry Edge... work to do to update post #1

-Took off ATR
-Pushed the 3 main indications up
-Marked ADX as optional
-Added x and y shifts so you can place the info literally everywhere on your chart
-Replaced letters by arrows
-You can't choose the actual Trix timeframe anymore (why would you do that) and
-NO, you can not change the font size as this would mess up the design.

That should answer most of my PM's as well
Hope that helps!

Indicator is posted 3 pages later
"The only successful substitute for brains is silence."
  • #5,904
  • Aug 9, 2009 11:21pm Aug 9, 2009 11:21pm
Thanks for your reply Q. This brings up an interesting point about the current/recent candlesticks. A couple weeks ago candlestick patterns was a concept that seemed to be picking up steam for confirmation but then fizzled out.

Long candles, especially on these lower timeframes, can be a little unpredictable can't they?

Pin bars, engulfings, dojis, and the like can certainly tell us a lot, depending on when they appeared in relation to our signals.

Quoting JazzmanQ2
I don't like to jump in on long candles for several reasons. I would wait for this candle to close hoping for a bounce to enter
Q
  • #5,905
  • Aug 9, 2009 11:54pm Aug 9, 2009 11:54pm
Hi Edge, maybe it would help if you explain the readers on what depends this 75% (the 25% is as clear as water) and what they have to do to master them.

You said that they should read Trading in the zone what is a good take, but anything else maybe?


Quoting Edgetrader
, it has been clearly stated numerous times that the plan is 25% mechanical and 75% mental. That is why you have to do the work. Only a fool believes there is a 100% mechanical plan.
  • #5,906
  • Aug 10, 2009 12:10am Aug 10, 2009 12:10am
Off to a good start.....thanks Edge. Everything lined up nicely for this entry.

NiHappy trading this week everyone.
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  • #5,907
  • Edited 12:38am Aug 10, 2009 12:20am | Edited 12:38am
I'm providing the following summary of the recent Backtesting discussion as a public service reference and for clarification purposes only. I've attempted to keep my own personal editorials to a minimum for post clarity.

Quoting Edgetrader
The plans presented in this thread have already been backtested, and quite extensively at that.
Quoting zznbrm
Could you share with the thread these backtest results for the plans as currently defined in post #1?
Quoting TexasTrio
When and where did this occur?
Quoting Dm3554
If you read ALL the thread you will find the answer. Suggest that you invest some time in this if you want to succeed in trading.
Quoting zznbrm
Are you saying extensive backtest results have been posted to this thread for the current C4 plan as defined in the 1st Post?
To my knowledge no backtest results have been posted in this thread for C4. Nor do I think C4 lends itself well to backtesting but that's my editorial. And here's the reply from the thread starter:

Quoting Edgetrader
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.
Moving on to Nitro..Nitro backtest results were posted with the original Nitro preview. I did the legwork and found the threads in question. You can see the posts below (note: you may need to use the Nitro Excel sheet in the 2nd link below). Please save your applause until the end.

http://www.forexfactory.com/showpost.php?p=2901523&postcount=2397

http://www.forexfactory.com/showpost.php?p=2901684&postcount=2413

http://www.forexfactory.com/showpost.php?p=2901778&postcount=2426

A couple of points: First, the Nitro pseudo-system presented in this thread was created to a great extent by the users of this thread. Thus far a definitive ruleset hasn't been provided by the thread starter that describes what is seen in the backtest or the attached picture, other than some recommended settings. The recommended profit target (in post #1) is 5 pips, while in the backtest results provided, a 10 pip PT is used.

I've editorialized on my view of the nitro results that were posted previously in this thread so I won't clutter up this post by repeating myself as my view hasn't materially changed. You can search my past posts if you really care what I think on this subject. I don't post a lot so it should be a quick search.
  • #5,908
  • Aug 10, 2009 1:13am Aug 10, 2009 1:13am
any issues with using it with C4 and can the optional adx be set up so that we can true/false it and not have it shown. great indicator and thank you very much

Quoting DXTrade
Guys

heres the updated version of the DX Meter.
Sorry Edge... work to do to update post #1

-Took off ATR
-Pushed the 3 main indications up
-Marked ADX as optional
-Added x and y shifts so you can place the info literally everywhere on your chart
-Replaced letters by arrows
-You can't choose the actual Trix timeframe anymore (why would you do that) and
-NO, you can not change the font size as this would mess up the design.

That should answer most of my PM's as well
Hope that helps!
  • #5,909
  • Aug 10, 2009 1:23am Aug 10, 2009 1:23am
never mind, i may not use it sorry, love the 3/1/1/1 trix and it looks like its coded for 2/1/1/1 trix, thanks though looks great
  • #5,910
  • Aug 10, 2009 1:33am Aug 10, 2009 1:33am
it maybe a issue with using it on candles and not renko, but on aud 5m trix is signaling long and 2/1/1/1 and 3/1/1/1 are still very short, plus when mom is flat-(changing directions) im getting this on all the currencys. just a fyi
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  • #5,911
  • Aug 10, 2009 2:25am Aug 10, 2009 2:25am
Quoting Edgetrader
Good idea. Want the job?
-no : ))))
nobody familiar with the system want?

btw. 1st Q on every syst thread – “blabla...4how long u been trading this syt and what the results…”
solid systems usually has solid results
with respect to work done it deserve to be collected and summarised (unless you wan this Qs on every other page)
  • #5,912
  • Aug 10, 2009 2:44am Aug 10, 2009 2:44am
Quoting fxxx
-no : ))))
nobody familiar with the system want?

btw. 1st Q on every syst thread – “blabla...4how long u been trading this syt and what the results…”
solid systems usually has solid results
with respect to work done it deserve to be collected and summarised (unless you wan this Qs on every other page)
A thread starter could answer you with whatever figures he likes, it will make ABSOLUTELY no difference to the results YOU get. We are all trading at least our own version of this and the majority of us are making money. Why not try it on demo and see for yourself, if things go wrong then come in and ask questions about specific trades. I have tried just about every system out there, and the thread starters results bear no resemblance to mine whatsoever.
  • #5,913
  • Aug 10, 2009 2:58am Aug 10, 2009 2:58am
Quoting f4mnect
it maybe a issue with using it on candles and not renko, but on aud 5m trix is signaling long and 2/1/1/1 and 3/1/1/1 are still very short, plus when mom is flat-(changing directions) im getting this on all the currencys. just a fyi
Sorry for that... forgot to tell him what to do when mom is exactly 100.
Will fix it.
Will add the possibility to set the trix period as well.

Gimme some time..
"The only successful substitute for brains is silence."
  • #5,914
  • Aug 10, 2009 3:05am Aug 10, 2009 3:05am
no worries at all, ty very much

Quoting DXTrade
Sorry for that... forgot to tell him what to do when mom is exactly 100.
Will fix it.
Will add the possibility to set the trix period as well.

Gimme some time..
  • #5,915
  • Aug 10, 2009 3:25am Aug 10, 2009 3:25am
May be I am missing something ...
or there is a problem because I use Renko with wicks option ?
I don't understand why the Trix (M2) is down .
Pls look also at the ADX in one of the charts... no information is displayed.
Tks
David
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  • #5,916
  • Aug 10, 2009 3:28am Aug 10, 2009 3:28am
Quoting Analda3
DX, first let me thank you for ALL your great contributions to this thread. After updating my template to match the new setup from our teacher, i went to practice using the simulator on C4. One thing i noticed is that the Trix(M15) doesn't change at all. If when i start my simulator Trix(M15) is green (Up), it will stay in that mode for the rest of the simulation session regardless of the direction of the market. Do you think it is just an issue with the simulator? Has someone experience the same thing i am?

Best regards and once again Thank you....
Analda- mt4 simulators don't allow MTF. So you can only reference the value of an indicator based upon the timeframe of the chart it is on.

It is possible that I am out of date on this and somebody has found a way around the problem, but certainly none of the commonly used simulators can reference a different timeframe chart.
For this reason it is not possible in MT4, to backtest an MTF EA - I have tried!

Ian
  • #5,917
  • Aug 10, 2009 3:38am Aug 10, 2009 3:38am
Hi all

In the indi SM Super Trix PV4 set at 2,1,1,1 (for renko chart) how do we only keep the signal arrows and remove all bars etc.

Do we just set all to the background color or is there something in the settings.
been trying for a while now and the only conclusion i can come to is change the color to background color.

Any advise please.

Thankyou
  • #5,918
  • Aug 10, 2009 3:45am Aug 10, 2009 3:45am
Quoting david4u
May be I am missing something ...
or there is a problem because I use Renko with wicks option ?
I don't understand why the Trix (M2) is down .
Pls look also at the ADX in one of the charts... no information is displayed.
Tks
David
Yes the wicks will change the signals. Why use wicks with Renko?
Q
The Only Constant Is Change!
  • #5,919
  • Aug 10, 2009 3:47am Aug 10, 2009 3:47am
Quoting chongsparks
Hi all

In the indi SM Super Trix PV4 set at 2,1,1,1 (for renko chart) how do we only keep the signal arrows and remove all bars etc.

Do we just set all to the background color or is there something in the settings.
been trying for a while now and the only conclusion i can come to is change the color to background color.

Any advise please.

Thankyou
Yes change the back ground color same as chart and change lines to lowest setting.
Q
The Only Constant Is Change!
  • #5,920
  • Aug 10, 2009 3:52am Aug 10, 2009 3:52am
Quoting JazzmanQ2
Yes change the back ground color same as chart and change lines to lowest setting.
Q
Thankyou for confirmation
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