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C4 Scalping

  • #6,181
  • Edited 3:40pm Aug 11, 2009 2:21pm | Edited 3:40pm
Here is the list of the settings on the indicator. It is driven by thr Trix and the Moving average. It gives an alert when lined up to hit the detonator. The "bomb" meter matches the C4 scalping. Primer, Charge and Detonator....... when all 3 light up... BOOM!
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as for the other indicator it has already been answered place it into corner 3. BTW really nice scalping system here! nice, simple and clean.
  • #6,182
  • Aug 11, 2009 2:22pm Aug 11, 2009 2:22pm
Quoting SnapCracklePip
Hi all I just wanted to present my 2 versions of the basic C4 setup.Attachment
Attachment

please let me know if they look ok.

Thanks!
hii
would u mind sharing your little indicator at the top right corner one?

thanks


Off pick C4 trade

http://clip2net.com/clip/m15756/1250...-clip-13kb.png
  • #6,183
  • Aug 11, 2009 2:30pm Aug 11, 2009 2:30pm
Quoting chongsparks
To reverse the indi go into the inputs menu and at the very bottom change the "What Corner" setting to number "3"

Kind regards
Thank you, chongsparks. I hadn't realised that when you move it to a lower corner it 'flips' the display to reverse the order of display of the Items.

Clever design/implementation .... thanks, DXTrade also.
  • #6,184
  • Aug 11, 2009 2:36pm Aug 11, 2009 2:36pm
Back from vacation at beach, ready to derail some trains this week. Best wishes for continued success to traders here.
  • #6,185
  • Aug 11, 2009 2:40pm Aug 11, 2009 2:40pm
Quoting johny pip
I am not saying that NITRO does not work, it clearly does. I'm just pointing out that it doesn't matter what indicator you use, it will not give you any more information than the Renko bricks themselves.

In my view, the NITRO system works on the probability of PA, nothing more. As such, I think that you can trade it with just the Renko bricks and nothing more.

Any comments?

Cheers,
John.
Sounds great. I am willing to sit back and let the thread trade renko without any indi confirmation at all. Looking forward to the chart shots to come. Will definitely force many to watch PA there now and will let them decide how to best utilize any tools available. In fact, C4 just got shelved as it too operates on probability of PA. Just use Renko blocks and be done with it.

As I am only 'trying' to appease the thread by working the MT4 version, I sure do wish we knew MT4 version was stable enough to trade it straight up before. We just wasted a hell of a bunch of time. Basically, if PA looks like it is turning, take the trade or don't. Simple.

As I have a couple other impending projects to work on, this frees me up considerably to concentrate on those. Thanks for the information.

Regards.
  • #6,186
  • Aug 11, 2009 2:55pm Aug 11, 2009 2:55pm
Quoting Edgetrader
"I know most of you using Renko do not want to hear this but there are serious drawbacks using Renko. I was one determined Renko user until 2 days ago when things just dawned on me such as:
1. Renko repaints - what you see is not what you get


Pretty strong 'comment' and is unsubstantiated as very few can confirm this. If the platform is left running, it does not 'repaint' at all. In fact, the PA is very close to what I actually trade".

We will let that go though as it is not important. I would however, like to see a chart shot...
Edge,
Here you go. Nothin fancy just the SMTrix, HMA and Mom(4). Very easy to spot.. If Renko turns, the MOM always crosses 100 as well. If Renko turns, HMA changes color as well. In other words IMHO if you stayed simply with just the SMTrix (2) you would have the same signals as if you were using MOM and HMA. Of course on a regular M5 chart MOM and HMA add value since they do filter signals. Will ther be few exceptions? Yes of course such as the time when the MOM is flat on the bar before etc. I tried to make a general observation.
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If it backtests good run it live!
  • #6,187
  • Aug 11, 2009 3:01pm Aug 11, 2009 3:01pm
Quoting johny pip
I have been "thinking real hard" about this:

Firstly, I would like to say that many people are using Renko with, seemingly, great success....
You hit the nail right on the head and said it better than I did: "I'm just pointing out that it doesn't matter what indicator you use, it will not give you any more information than the Renko bricks themselves."

This is my observation as well.
If it backtests good run it live!
  • #6,188
  • Aug 11, 2009 3:03pm Aug 11, 2009 3:03pm
Quoting Edgetrader
Sounds great. I am willing to sit back and let the thread trade renko without any indi confirmation at all. Looking forward to the chart shots to come. Will definitely force many to watch PA there now and will let them decide how to best utilize any tools available. In fact, C4 just got shelved as it too operates on probability of PA. Just use Renko blocks and be done with it.

As I am only 'trying' to appease the thread by working the MT4 version, I sure do wish we knew MT4 version was stable enough to trade it straight up before. We just wasted...
Edge,
It's just my 2 pips worth, I did not intend to change the direction of the thread. I'm just sharing what I know (or what I think I know) that's all.

Highest regards,
John.
  • #6,189
  • Aug 11, 2009 3:06pm Aug 11, 2009 3:06pm
Quoting Dm3554
...... SnapCracklePip, what's the indicator in the top right of your chart ?.........
Would you mind sharing it, please? Looks very useful for C4 traders.

Thanks, in anticipation.
  • #6,190
  • Aug 11, 2009 3:22pm Aug 11, 2009 3:22pm
Quoting johny pip
I have been "thinking real hard" about this:

Firstly, I would like to say that many people are using Renko with, seemingly, great success....

I'm not in any way a techie but I do suffer occasionally from cogent rational thought.
You could be right on the money but i see the possibility of a hole or two in your logic.

You say "Renko bars remove the time element of the data so we are left with just the
price, in blocks, with no other reference. " Yes the time element is removed from the bars
but not from the trading platform. Time and price constantly flow into your puter via the trading
platform. When a MA or Trix needs a time reference it's not called from the price bar. I would imagine
that the data is summoned from the stream that constantly flows into the platform. The fact that Renko
doesn't use time doesn't mean that it's not available to any other aspect of the platform that might need it.

I'm not gonna keep going on about this. Tech makes my hair hurt. I'm sure one of our techie friends could
give a much better explanation.

Jim
  • #6,191
  • Aug 11, 2009 3:25pm Aug 11, 2009 3:25pm
PRIMER...

1 - SM 'Scalper' candles (settings are 2,1,1,1 under the inputs tab and work the colors tab to your liking).
This is the only primer you need.

What does this mean?

settings are 2,1,1,1 under the inputs tab

I have

Inputs

Variable Value

TRIX_Period 3
____TRIX_Averages___ 0=SMA, 1=EMA, 2=SMMA, 3=LWMA
Mode_Average_1 1
Mode_Average_2 1
Mode_Average_3 1

and on it goes

I don't see any place for settings are 2,1,1,1 under the input tabs

please help

thanks
  • #6,192
  • Aug 11, 2009 3:28pm Aug 11, 2009 3:28pm
Today's C4 Trades are not pretty but are a good study in what not to do:

AUDUSD - first trade (loss) bought on TRIX 6 signal after long downtrend. Went against my own recommendations in Post #6004 (http://www.forexfactory.com/t/181900/p_2944076/c4-scalping-151.html#post2944076).

EURJPY - Asian session (loss). Bought in too late. Didn't hit profit target then price jumped 10 pips above stop loss and stopped me out.

EURJPY - NY Session (loss). Counter trend trade. Again against my own recommendations in Post #6004 (http://www.forexfactory.com/t/181900/p_2944076/c4-scalping-151.html#post2944076).

EURUSD - NY Session (loss). Not enough price action and did not jump out when price crossed MA. Also did not take 3 pip profit when I had it.

Hard lesson.
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Attached Images
4XTrader2
  • #6,193
  • Aug 11, 2009 3:33pm Aug 11, 2009 3:33pm
Quoting trade987
PRIMER...

1 - SM 'Scalper' candles (settings are 2,1,1,1 under the inputs tab and work the colors tab to your liking).
This is the only primer you need.

What does this mean?

settings are 2,1,1,1 under the inputs tab

I have

Inputs

Variable Value

TRIX_Period 3
____TRIX_Averages___ 0=SMA, 1=EMA, 2=SMMA, 3=LWMA
Mode_Average_1 1
Mode_Average_2 1
Mode_Average_3 1

and on it goes

I don't see any place for settings are 2,1,1,1 under the...

I am going to try and be nice here, but you answered your own question. You are looking at where to change the settings.
  • #6,194
  • Aug 11, 2009 3:43pm Aug 11, 2009 3:43pm
Quoting jimsforex
I'm not in any way a techie but I do suffer occasionally from cogent rational thought.

... Tech makes my hair hurt. I'm sure one of our techie friends could
give a much better explanation.

Jim
  • #6,195
  • Aug 11, 2009 3:44pm Aug 11, 2009 3:44pm
Quoting 4xtrader2
Today's C4 Trades are not pretty but are a good study in what not to do:



...Hard lesson.
Not doing more than the average is what keeps the average down.
  • #6,196
  • Aug 11, 2009 3:44pm Aug 11, 2009 3:44pm
Quoting jimsforex
I'm not in any way a techie but I do suffer occasionally from cogent rational thought.
...
Jim
Jim,
You are right that the platform has the time but it is not used in a standard filter/indicator, the filter "assumes" that the samples are presented at regular intervals.

Consider a simple moving average of 4: MA = s1+s2+s3+s4/4 (s = price sample)

If the chart is on M5 then each 's' is 5 minutes apart. By inspection if the price moves slowly the MA will closely match, if the price moves fast, the MA will lag behind price, therefore indicating a fast moving price.

If the chart is using Renko, the MA is simply the average of the 4 last bricks, as the bricks are the same size, the resultant plotted MA will look the same no matter how fast or slow the price has moved.

Kind regards,
John.
  • #6,197
  • Aug 11, 2009 4:04pm Aug 11, 2009 4:04pm
hi all
-5
no great news from me today, i used a mixed bag of pending orders and market order, ill admit my eyes were not glued to the screen for a set period of time, even if it was a short period it might have been much more efective then opening the screen here and ther whilst not been fuly focoused on the task so i will c tommoro i will b more focused. hows my 20ma looking is it ok? a posible ting might b really cool is small indicator to show percent gain or loss for the day.
chow for now!
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  • #6,198
  • Aug 11, 2009 4:09pm Aug 11, 2009 4:09pm
Quoting Edgetrader
Sounds great. I am willing to sit back and let the thread trade renko without any indi confirmation at all. Looking forward to the chart shots to come. Will definitely force many to watch PA there now and will let them decide how to best utilize any tools available. In fact, C4 just got shelved as it too operates on probability of PA. Just use Renko blocks and be done with it.

As I am only 'trying' to appease the thread by working the MT4 version, I sure do wish we knew MT4 version was stable enough to trade it...
Does that mean we should not talk about C4 trades anymore?
If you only trade long, then you can't always be wrong.
  • #6,199
  • Aug 11, 2009 4:13pm Aug 11, 2009 4:13pm
Quoting FrankenPip
Does that mean we should not talk about C4 trades anymore?
I believe he is being sarcastic Frank
The Only Constant Is Change!
  • #6,200
  • Aug 11, 2009 4:21pm Aug 11, 2009 4:21pm
Quoting Edgetrader
Sounds great. I am willing to sit back and let the thread trade renko without any indi confirmation at all. Looking forward to the chart shots to come. Will definitely force many to watch PA there now and will let them decide how to best utilize any tools available. In fact, C4 just got shelved as it too operates on probability of PA. Just use Renko blocks and be done with it.

As I am only 'trying' to appease the thread by working the MT4 version, I sure do wish we knew MT4 version was stable enough to trade it straight up before. We just wasted...
Sweeeet!!!
i totally agree with both of you, now all we have to concentrate on it fine tuning which period minute to use, will we need a slightly higher time minute period now ?
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