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C4 Scalping

  • #5,941
  • Aug 10, 2009 5:43am Aug 10, 2009 5:43am
+4 on AJ short
Attached Image (click to enlarge)
Click to Enlarge Name: aj.gif Size: 22 KB
******************* I'd rather make money than be right.
  • #5,942
  • Aug 10, 2009 5:43am Aug 10, 2009 5:43am
I just finished the alteration of an existing Renko script on a different thread and thought I should post it here for those that want to try Nitro ...

It does update the offline chart but, it does not show the formation of the Renko Block on the chart until that Renko Block is closed. I also added a few comments to the code in case anyone wants to experiment.

Good Luck ...
Attached File(s)
File Type: mq4 renko_live_scr.mq4   7 KB | 884 downloads
EllisEdi Moving on to my next trade ...
  • #5,943
  • Aug 10, 2009 5:43am Aug 10, 2009 5:43am
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

Where can I find the 4 year old daughter indicator??? http://www.forexfactory.com/images/icons/icon7.gif
  • #5,944
  • Aug 10, 2009 5:43am Aug 10, 2009 5:43am
Quoting DXTrade
Well, not sure I will continue to code.
Maybe there are other people more qualified.

One try again...
DXTrade
what are the settings do u use for nitro?

thanks
  • #5,945
  • Aug 10, 2009 5:45am Aug 10, 2009 5:45am
Quoting DXTrade
If I'm obstructing the thread with this... just tell me, OK?
No, your efforts are greatly appreciated .. warts & all

I prefer v. 7 and I love the visual it gives on renko trades especially. However, looking forward to v. 99999.
******************* I'd rather make money than be right.
  • #5,946
  • Aug 10, 2009 5:45am Aug 10, 2009 5:45am
Quoting Storyday
Hi waddij.Nice indi u got there.Do u mind to share it with us?
If you mean the indi that is shown on the chart please read post 1 of this thread, it is all there..

If you mean my 4 year old indi, I'm sorry she is all mine...has cost me enough over the last 4 years so about time i got something back from my investment !
  • #5,947
  • Aug 10, 2009 5:47am Aug 10, 2009 5:47am
Quoting hoichoi
DXTrade
what are the settings do u use for nitro?

thanks
See post #1
"The only successful substitute for brains is silence."
  • #5,948
  • Aug 10, 2009 5:48am Aug 10, 2009 5:48am
Quoting waddij
If you mean my 4 year old indi, I'm sorry she is all mine
at least you could post of pic of this indi..
******************* I'd rather make money than be right.
  • #5,949
  • Aug 10, 2009 5:48am Aug 10, 2009 5:48am
Quoting 4xStar
No, your efforts are greatly appreciated .. warts & all

I prefer v. 7 and I love the visual it gives on renko trades especially. However, looking forward to v. 99999.
LOL
"The only successful substitute for brains is silence."
  • #5,950
  • Edited 6:18am Aug 10, 2009 5:51am | Edited 6:18am
Quoting FXEZ
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.







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:



Moving on to Nitro..Nitro backtest results were posted with the original Nitro preview. I did the legwork and found...
Holy Smoke,

I sure do appreciate this posting. Should save me a ton of work responding to various postings. Would like to use this as a 'refer to' posting.

Thanks again for this concise accounting of events.

Best Regards.
  • #5,951
  • Aug 10, 2009 5:56am Aug 10, 2009 5:56am
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)
Not quite but this is in the FF spirit.

You get what you pay for. Nobody paid anything and they are getting a whole lot more than they paid for. If they want more, go do the work. That costs them nothing either. They have plenty of time apparently, might as well make good use of it.

Regards.
  • #5,952
  • Aug 10, 2009 5:57am Aug 10, 2009 5:57am
Hi all

Can anybody guide me if we can anticipate closing time of a renko bar.

Thanks
Make money Not pips
  • #5,953
  • Aug 10, 2009 5:57am Aug 10, 2009 5:57am
Naked C4 trading as per Edges tip. Highly recommend it really helped my concentration on PA and the correlation. Couple of dodgy late buys (against the trend!) followed by some nice +5's.
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  • #5,954
  • Aug 10, 2009 5:59am Aug 10, 2009 5:59am
In between trading live I made time to trade the Nitro setup exactly as described in Post number 1. In general for each trade the "related" pairs were making similar moves even if there was not a trigger for a trade. Results were:

Attached Image (click to enlarge)
Click to Enlarge Name: Monday_Nitro.jpg Size: 57 KB


Look forward to moving further past the mechanical approach. I appreciate the remarkable amount of effort Edge has put into this.
  • #5,955
  • Aug 10, 2009 6:01am Aug 10, 2009 6:01am
Quoting dwayneyboy
Naked C4 trading as per Edges tip. Highly recommend it really helped my concentration on PA and the correlation. Couple of dodgy late buys (against the trend!) followed by some nice +5's.
I think your sm candle settings should be 2,e,e,e. May be I am wrong.

Good luck
Make money Not pips
  • #5,956
  • Aug 10, 2009 6:02am Aug 10, 2009 6:02am
Please note I am not naked (thats just wrong!!).

Just my charts, using only SMC4 candles
  • #5,957
  • Aug 10, 2009 6:06am Aug 10, 2009 6:06am
Quoting balle1973
I think your sm candle settings should be 2,e,e,e. May be I am wrong.

Good luck
good call I missed the new setting, ill try that. http://www.forexfactory.com/images/icons/icon14.gif
  • #5,958
  • Aug 10, 2009 6:06am Aug 10, 2009 6:06am
Quoting ianf0ster
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...
Care to proof that up or is that just more opinion?

If you folks want CRB's, then prove they are more effective. That is all that was said.
  • #5,959
  • Aug 10, 2009 6:12am Aug 10, 2009 6:12am
Quoting balle1973
Hi all

Can anybody guide me if we can anticipate closing time of a renko bar.

Thanks

Renko bars close based on price not time. If you want to try to anticipate the closing you would have to use tools such as momentum, support and resistance levels and tools such as provided in this thread ...
EllisEdi Moving on to my next trade ...
  • #5,960
  • Aug 10, 2009 6:14am Aug 10, 2009 6:14am
Quoting DXTrade
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...
Until you get it where it has audio and artificial intellegence capable of grabbing the user by the scruff of the neck and telling them to buy or sell, your work will never be done.

Thanks Uli. Just trade my man. Less work, more fulfilling.

Highest Regards.
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