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C4 Scalping

  • #5,921
  • Aug 10, 2009 4:06am Aug 10, 2009 4:06am
Edge...right on!

+5 1st one of the day!
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  • #5,922
  • Edited 4:35am Aug 10, 2009 4:23am | Edited 4:35am
Good morning fellow recruits and good morning Commander Edge

Hope everyone managed to get some Forex Free time over the weekend.

Attached are my first 3 for the week.

In fact due to simplicity of the set up i had my 4 year old daughter pick the trades for me .... she liked the arrows LOL
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  • #5,923
  • Aug 10, 2009 4:42am Aug 10, 2009 4:42am
Quoting JazzmanQ2
Yes the wicks will change the signals. Why use wicks with Renko?
Q
JazzmanQ2,
Why would you think that wicks will change Trix signals on Renko? The trix is based upon the CLOSE ( at least it always has been since day 1).It will not change the value of the Momentum , since this again is based upon the close. Wicks will change the value of any MA based upon a Weighted close - but usually not by very much since the heavy weighting is on the Close 3 times the weight than the opposite extreme (= Wick).
Whilst a Renko is forming, both the Trix and the MA will vary based upon the current price (= pseudo close).

Ian
  • #5,924
  • Aug 10, 2009 4:54am Aug 10, 2009 4:54am
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
Why remove the bars? - they are the most useful part. - At least they are for Trix 3,1,1,1,C. Wheras Trix 2,1,1,C is much more like an on-off switch.

The whole point of the Trix PV indicator is to show the Peaks and Valleys - so that you can guage the strength of a signal or even get an early entry.

If you don't want the functionality of an indicator then why the heck use it instead of the previous one.

And if you don't uderstand what an indicator does (and also for me - how it does it) then you should not use it! You might as well use a random arrow generator!

Ian
  • #5,925
  • Aug 10, 2009 5:22am Aug 10, 2009 5:22am
Quoting waddij
Good morning fellow recruits and good morning Commander Edge

Hope everyone managed to get some Forex Free time over the weekend.

Attached are my first 3 for the week.

In fact due to simplicity of the set up i had my 4 year old daughter pick the trades for me .... she liked the arrows LOL
Hi waddij.Nice indi u got there.Do u mind to share it with us?
  • #5,926
  • Aug 10, 2009 5:22am Aug 10, 2009 5:22am
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
David,
The reason that the Trix(M2) in the DX panel is showing Down, is that it is set to a different period than the Trix you have showing in the separate indicator window below the price window. Did you let it default, or did you set it to something?

Also, do you have the SM Scalper Candle indicator on your Renko bricks?
If you do, then it seems very strange, because instead of painting the bricks according to a Trix of either 2,1,1,1,C or 3.1.1.C, it is showing the same colour that you would get without applying Trix at all. And at the moment of your screen shots, the DX panel seems to match it.

As for the ADX not showing a value on one chart, that is either a problem with the Timeframe (since it is on a Renko chart) or a problem with DX's code in his indicator .


Ian
  • #5,927
  • Aug 10, 2009 5:23am Aug 10, 2009 5:23am
Quoting DXTrade
Guys

heres the updated version of the DX Meter.
Sorry Edge... work to do to update post #1
...
That should answer most of my PM's as well
Hope that helps!
DX,
Does this latest work with C4 as well as NITRO?

Cheers,
John.
  • #5,928
  • Aug 10, 2009 5:35am Aug 10, 2009 5:35am
Quoting JazzmanQ2
Yes the wicks will change the signals. Why use wicks with Renko?
Q
JazzmanQ2,

If you have been following this thread closely (not easy I know), then you may recall that a few days ago many people wanted to be able to visually backtest Nitro. But in order to see if a signal was good for 5 pips (when it looks like a losing signal), you must display the true range of price during the formation of each Renko brick.
This subject caused at least one person to suggest using CRB's (and get flamed by Edge for it).

However, for those of us who occasionally shut down our PCs, there is another problem with visually backtesting Renko ( at least the Renko script from MQL). And that is that each time you re-start MT4, you will be starting the Renko calculation from a different 1 min bar and so get a different stqrt pip valuse for the first renko brick. Thus they can look different from how they looked before (where you had 2 up bricks follwed by a down brickfollowed by an up brick, you may now have 2 up bricks followed by 2 down bricks followed by an up bricks) or vice versa).

I have emailed some code to the supplier, which would fix this last problem in the majority of cases.

Ian
  • #5,929
  • Aug 10, 2009 5:46am Aug 10, 2009 5:46am
Quoting ianf0ster
JazzmanQ2,...
I am not interested in back testing at this point. One of the reasons that I like Renko is that it fliters out the noise...tell me why I need wicks with Renko.
Q
The Only Constant Is Change!
  • #5,930
  • Aug 10, 2009 6:06am Aug 10, 2009 6:06am
#2 For today...
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  • #5,931
  • Aug 10, 2009 6:25am Aug 10, 2009 6:25am
Edge,
I have set up my C4 as per the latest page 1 settings. I find that the SM scalper candles (2,E,E,E) are inconsistent with the DX Info V8. I think that DX Info may be using 3,E,E,E.

Is this by design or does it need fixing?

If we are using the DX Info panel (M5, M15, MOM all green or red) for entry indication, why do we need the SM scalper candles?

Personally, I find regular candles and a TRIX histogram gives clearer info regarding price action but I don't want be flamed by you if I post such - as it is not consistent with page 1.

I understand that NITRO has not been officially released to the thread but it seems that the focus has changed now. Any thoughts?

Cheers,
John.
  • #5,932
  • Aug 10, 2009 6:28am Aug 10, 2009 6:28am
Quoting johny pip
Edge,
...
I understand that NITRO has not been officially released to the thread but it seems that the focus has changed now. Any thoughts?

Cheers,
John.
Post Script:
I am just trying to get some focus back on C4 as this is the only officially released plan.

Sorry for being a pain,
John.
  • #5,933
  • Aug 10, 2009 6:36am Aug 10, 2009 6:36am
Quoting JazzmanQ2
I am not interested in back testing at this point. One of the reasons that I like Renko is that it fliters out the noise...tell me why I need wicks with Renko.
Q
JazzmanQ2,
You only need wicks to determine if trades would have been successful or not. If you don't care about this then obviously you don't need them.
However many, perhaps most, people do care if a signal was good for 5 pips or not.

Ian
  • #5,934
  • Aug 10, 2009 6:37am Aug 10, 2009 6:37am
Quoting nick2112
Hi everyone,

just wanted to say a very big thank you to Edge for investing the time and patience to show us the simple method, simple charts and simple explanations. In my opinion it does not get much easier. Thank you.

Thanks also to everyone that has contributed to the thread and for keeping it focused, a pleasure to read. Thanks also ( I`ll be finished in a minute, sorry for rambling on but I need to get it out there, lol) to all the folks for providing the indicators and so on, sorry if I dont mention names but you know who you are.

I...
[email protected]
  • #5,935
  • Aug 10, 2009 7:23am Aug 10, 2009 7:23am
Quoting pilotui
Edge...right on!

+5 1st one of the day!
Can you please post the indicator giving arrows on your chart with its settings.

Thanks
Make money Not pips
  • #5,936
  • Aug 10, 2009 7:26am Aug 10, 2009 7:26am
Quoting waddij
Good morning fellow recruits and good morning Commander Edge

Hope everyone managed to get some Forex Free time over the weekend.

Attached are my first 3 for the week.

In fact due to simplicity of the set up i had my 4 year old daughter pick the trades for me .... she liked the arrows LOL
This is wonderful .. and says it all!
Maybe one day the back-testers and those debating discretionary or other reasons to make trades will join your 4 year old daughter and the rest of us who are 'just doing it' ... and collecting pips!
******************* I'd rather make money than be right.
  • #5,937
  • Aug 10, 2009 7:27am Aug 10, 2009 7:27am
Caught the momo on USD/Cad, scored 5 pips long.

Thanks again Edge
  • #5,938
  • Aug 10, 2009 7:28am Aug 10, 2009 7:28am
Quoting ianf0ster
Why remove the bars? - they are the most useful part. - At least they are for Trix 3,1,1,1,C. Wheras Trix 2,1,1,C is much more like an on-off switch.

The whole point of the Trix PV indicator is to show the Peaks and Valleys - so that you can guage the strength of a signal or even get an early entry.

If you don't want the functionality of an indicator then why the heck use it instead of the previous one.

And if you don't uderstand what an indicator does (and also for me - how it does it) then you should not use it! [b]You...
Chongsparks is following the most updated setup as posted in post #1.

So am I. Only arrows .. works great!!
******************* I'd rather make money than be right.
  • #5,939
  • Aug 10, 2009 7:30am Aug 10, 2009 7:30am
Quoting Storyday
Hi waddij.Nice indi u got there.Do u mind to share it with us?
How about going to post #1 & starting there. You might find some nice surprises.
******************* I'd rather make money than be right.
  • #5,940
  • Edited 10:38pm Aug 10, 2009 7:39am | Edited 10:38pm
Well, not sure I will continue to code.
Maybe there are other people more qualified.

One try again
To really make it work there must be an external Trix indicator to get different values as to calculate the Trix you need too many buffers.
I was trying to get around it, but didn't succeed.

So here the Meter again (it's a new version with the same name) and a modified trix indicator which has to be in the indicator folder (some platforms need it in the experts folder). No need to have it on the chart, but the Meter needs it to suck the information out of it.

Sometimes the ADX only shows the right color, but not the arrow... I have no clue for now why as I didn't change any code concerning the ADX.

If I'm obstructing the thread with this... just tell me, OK?

Updated Indicator around Post#403
"The only successful substitute for brains is silence."
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