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C4 Scalping

  • #6,481
  • Aug 13, 2009 7:41am Aug 13, 2009 7:41am
Quoting FrankenPip
Hi fxspeedster:

Please pardon me for being blunt but you didn't follow MY RULES. It wasn't a trick question. My rules and charts do not mention SMTrix and Momentum. You may have a "do over".
I'd be glad to base my signals off the Candle indicator which is set to 2 period (good choice).
There are 10 trades as follows:
1 - Short Win; 2 - Long Loss, 3 - Short Win; 4- Long Win; 5 - Short Win, 6- Long Win, 7 - Short Win; 8 - Long Loss; 9 - Short Loss; 10 Long Win.

7 wins and 3 losses. However, this chart of the FOMC announcement day makes for an easier chart to trade. The moves once entered seems to have been sustained instead of being chopped out. Are these your rules for trading C4?
If it backtests good run it live!
  • #6,482
  • Aug 13, 2009 7:42am Aug 13, 2009 7:42am
Quoting wannaberich
Morning Everyone,

as i said yesterday i am new to trading the mt4 platform (i used a portuguese broker platform until now, just used the c4 signals from the MT4). i am having some trouble with it. is there someone i can PM that can help me?

(basically i made my first buy and it doesn't appear on the chart nor can i set SL and TP. i know it's really basic. )

i must have opened a demo account but i don't even know where
See if this page helps:
http://www.forexbody.com/learn-forex-trading.htm
I found it just by googling 'learn to use MT4"
There are many tutorials out there.
Good Luck.
******************* I'd rather make money than be right.
  • #6,483
  • Aug 13, 2009 7:43am Aug 13, 2009 7:43am
+5 and +5 this morning. Then I was stupid and tried to take a signal too close to the news release, -30 on GY in about one millisecond. I won't try that again.
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  • #6,484
  • Aug 13, 2009 7:47am Aug 13, 2009 7:47am
Quoting Waldek
Can somebody tell me how put “MA in Color_wAppliedPrice-LWMA” to “smTrix” window, RSVP
In Navigator window at left, open the custom indicators and drag the MA to the window where you want it to be. Then chose 'apply to previous indicator' if you want it to do an MA of the trix .. or if you want MA of price, just do normal settings.
******************* I'd rather make money than be right.
  • #6,485
  • Aug 13, 2009 7:50am Aug 13, 2009 7:50am
Quoting fxtrader2k7
That helps, but it really doesn't solve the problem. Transparency, that's what we need in forex; and in life too. Thanks again.
In indi settings there is one that says Box Color .. change that to your chart background color.
******************* I'd rather make money than be right.
  • #6,486
  • Aug 13, 2009 7:51am Aug 13, 2009 7:51am
DX you have outdone yourself with this latest creation!
******************* I'd rather make money than be right.
  • #6,487
  • Aug 13, 2009 7:51am Aug 13, 2009 7:51am
Quoting Lou G
I mean no offense by asking this but I can clearly see that you and I understand the meaning very differently. Each time I see a post of yours that says "Renko repaints", I ask myself "what can be meant by this?" because, by my understanding of "repaint" this never happens at all.

For me, "repaint" means that after the close of a given bar and the opening of a new bar, the closed bar changes its value. I have never seen this happen and would like to understand what you mean.

Thank you.
This is easily trackable. Simply make a screenshot of a renko chart and stash it away. 10-20-30 min later compare the current chart with the saved one.. and voila! It repainted since the bars don't look the same. Where you saw Renko turning originally you will see no turns or in the best situation you will see slight differences. The author has admitted that this is an issue and he is fixing it. Supposedly he will release this patch shortly. Not a fault of his though. As new prices come it, he simply revises the data and reshapes the past bricks to fit in with the new data received. Just an inherent part of having this kind of script applied to the regular chart. To prove the rewriting of brick look once in a while in your Experts/Journal tabs and you will see statements from the script that it has recalculated the bars and rewritten then to the data file. Hope this clears it up some for you.
If it backtests good run it live!
  • #6,488
  • Aug 13, 2009 7:52am Aug 13, 2009 7:52am
Quoting fxtrader2k7
That helps, but it really doesn't solve the problem. Transparency, that's what we need in forex; and in life too. Thanks again.

Also, why is the indicator saying buy when everything else points to sell?
Why are you trading the wrong pair??

Why are the four Nitro Pairs not on you chart?
  • #6,489
  • Aug 13, 2009 7:54am Aug 13, 2009 7:54am
Quoting saylu
After yesterday's easy profits, today the opposite.

The big up moves started well before my start time of 7am London so I waited patiently for new signals, watching pips go by (but not bothered by this). Skipped the counter trend retracement.

Got the setups, saw some movement and got in. AU first.

All exited after a down trix.

Any tips?

Thanks.

Attachment
When is C4 designed to be traded?
  • #6,490
  • Aug 13, 2009 7:58am Aug 13, 2009 7:58am
Quoting FrankenPip
Hi 4xtrader2:

You choose your path. The rat chooses a path. This has nothing at all to do with discipline. Most of your trading training has been comprised of "misconceptions". I say that not to be rude or condescending. It is as though people are teaching "the world is flat". When someone comes along and shows the world is not flat, they are tar and feathered.
To the contrary, I believe this has everything to do with discipline, but not all of it in the trading arena...this has to do with training the mind to minimize pain avoidance and accept the randomness of the market as well as the probabilities. For me, the pain avoidance mechanism is manifested by hesitation, analysis paralysis, not following the signals (even when they are like bright blinking neon signs), exiting too early on winning (and sometimes seemingly losing) trades, missing signals (
consciously and unconsciously), and so on. This is where disciplining the mind is very much part of the overall equation. Even in the study of the rats and the students, disciplining the mind to accept randomness was not part of the equation but could have been. If we don't discipline our mind, our trading will display the effects through our bottom line.
4XTrader2
  • #6,491
  • Aug 13, 2009 8:00am Aug 13, 2009 8:00am
-40 in this focus time got slaghtered, i only had one countour trend trade to day all othoer trades today were buys, and in farnesh these pairs were all bull till 15.30. i and i must stop now iv made 14 trades. all i can say is i need to trade near the lwma.
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  • #6,492
  • Aug 13, 2009 8:02am Aug 13, 2009 8:02am
but already solved it with the help of Deano.

two bad positions today. still learning mt4 so no charts yet.

hope to post a chart the next time i get in. i believe it's much more useful to put a starting "image" and a closing one. many times when i lose a trade it seems quite obvious but if i roll back to the time i got in all stars were lined but still it went wrong.

anyway, losing some is also part of the game...
dreams do come true.
  • #6,493
  • Aug 13, 2009 8:11am Aug 13, 2009 8:11am
all stars line up
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dreams do come true.
  • #6,494
  • Aug 13, 2009 8:14am Aug 13, 2009 8:14am
Anyone took that trade on the long down candle that is highlighted????

It was soooo fast !!!
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  • #6,495
  • Aug 13, 2009 8:14am Aug 13, 2009 8:14am
can anyone tell me how i can get a mark where i entered the trade in MT4?

do i have to do that manually?

thanks
dreams do come true.
  • #6,496
  • Aug 13, 2009 8:15am Aug 13, 2009 8:15am
Quoting 4xStar
DX you have outdone yourself with this latest creation!
Agree...it is tough now to miss trading signals! No excuses
" Never let the past hold the future to ransom "
  • #6,497
  • Aug 13, 2009 8:17am Aug 13, 2009 8:17am
Dx,Edge,

I have a question,

Today i took 2x5 pips but i dont understand...

Do I enter when we are a signal or when we all 3 bombs are green or red and on dashbord buy or sell ?I use DX dashboard...


Thanks in advance,

Godd piping
"Buy on fear, sell on greed !!!
  • #6,498
  • Aug 13, 2009 8:23am Aug 13, 2009 8:23am
the time you spent writing that post could have been used to help in a much more positive manner.

i am deeply sorry to have spent your time reading my question.

since i am already reading the whole thread (i only have 300 pages left), i guess i will just have to wait until i find the post where the answer is.

thanks for the help.
dreams do come true.
  • #6,499
  • Aug 13, 2009 8:30am Aug 13, 2009 8:30am
Quoting wannaberich
the time you spent writing that post could have been used to help in a much more positive manner.

i am deeply sorry to have spent your time reading my question.

since i am already reading the whole thread (i only have 300 pages left), i guess i will just have to wait until i find the post where the answer is.

thanks for the help.
click on terminal, history, then click on the trade completed and drag and drop it to the screen.
  • #6,500
  • Aug 13, 2009 8:30am Aug 13, 2009 8:30am
As Hedge wrote to me , I do not only look at one pair but at the market as a whole .Before Buying EJ I look what all the pairs where doing :
In all 4 - the indi were green ,price above HMA , and price going up .
I am not aware of something wrong that I have done .
Minus 25 pips
PLS ADVICE .
After the trade I have to reopen MT4 . All the chart looks completely different . No setup , No UP arrow No BLUE HMA... nothing.
I have read that Renko is not repainting but a trader must trust on his charts . It's also difficult to learn from them afterwords, when they look totaly different .
May be there is something to do with the anchoring option.
Tks
David
Attached Image(s) (click to enlarge)
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