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C4 Scalping

  • #6,581
  • Aug 13, 2009 11:54am Aug 13, 2009 11:54am
Quoting Edgetrader
Case closed.

Why would anyone shut down their trading terminal in the middle of the session they are trading?

Even a short disconnect would not matter.
Did you mean me, Edge? I didn't shut down - did the detective work on my demo account in order to put this non-issue to bed (though I doubt I was successful).
Old Benjamin was right
  • #6,582
  • Aug 13, 2009 11:58am Aug 13, 2009 11:58am
Quoting Lou G
Did you mean me, Edge? I didn't shut down - did the detective work on my demo account in order to put this non-issue to bed (though I doubt I was successful).
Lou_G,
I think it is not a matter of shutting it down, but if your net connection is not always at its optimal and it interrupts here and there.. (Comcast is the king of this at least in my area), you may miss ticks here and there and the Renko brick discrepancies could be explained this way. MT4 does not save ticks just M1 data. So when the Renko script performs a redraw.. well it is based on M1 data instead of ticks so one may understand better why this might happen. Just a thought...
If it backtests good run it live!
  • #6,583
  • Aug 13, 2009 11:59am Aug 13, 2009 11:59am
Quoting pilotui
Dude...I don't think you're getting this system at all.

Don't USE the meter to enter trades...use the PA to enter trades and the meter is your 1 stop visual confirmation.

It's literally being handed to you...but you're not grasping the concept whatsoever...

Also, on your post about the DX meter being a work in progress...TOTAL BS.

Just because you use a Hammer as a screwdriver doesn't mean the hammer doesn't work...you're simply not applying it correctly.

I WON'T Stand for ANY criticism of DX...he has done NOTHING but help each and everyone...
Go to user control panel(cp)>edit ignore list>insert the user name of anyone who annoys you>click Okay. Problem solved.

I've amassed quite a collection of lobotamy candidates in the almost 2 yrs I've been here.

Jim
  • #6,584
  • Aug 13, 2009 12:02pm Aug 13, 2009 12:02pm
Ten winners (all +5)
Three Losers (-30 -10 -26)
-16 total

The -30 was taken around the time of a news release... lesson learned.
The other two losers were taken counter trend, I think. I need to be more confident cutting losses rather than letting them run to sl. The more I trade the more I realise that nearly all losses come from my mental frame, not the mechanics of the system.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 42 KB
  • #6,585
  • Aug 13, 2009 12:26pm Aug 13, 2009 12:26pm
Quoting pilotui
Dude...I don't think you're getting this system at all.

Don't USE the meter to enter trades...use the PA to enter trades and the meter is your 1 stop visual confirmation.

It's literally being handed to you...but you're not grasping the concept whatsoever...

Also, on your post about the DX meter being a work in progress...TOTAL BS.

Just because you use a Hammer as a screwdriver doesn't mean the hammer doesn't work...you're simply not applying it correctly.

I WON'T Stand for ANY criticism of DX...he has done NOTHING but help each and everyone...
Hi pilotui:

I wasn't criticizing DX. There is no need to be rude or combative. The DX Meter is a work in progress. That should be obvious by the number of updates and revisions.
If you only trade long, then you can't always be wrong.
  • #6,586
  • Aug 13, 2009 12:28pm Aug 13, 2009 12:28pm
Quoting parky87
Ten winners (all +5)
Three Losers (-30 -10 -26)
-16 total

The -30 was taken around the time of a news release... lesson learned.
The other two losers were taken counter trend, I think. I need to be more confident cutting losses rather than letting them run to sl. The more I trade the more I realise that nearly all losses come from my mental frame, not the mechanics of the system.
You're a good man. Thanks for posting the good with the bad. Looks to me you're on your way..
If it backtests good run it live!
  • #6,587
  • Aug 13, 2009 12:40pm Aug 13, 2009 12:40pm
Quoting takingthepip
Thanks Edge.

Is this ultimate goal? To take trades on all 4 pairs at the same time as in the pic below when the timing is right? This made 2% in a few minutes. Is this the setup we should wait for everyday?

...

http://www.ukonlinewholesalers.com/i...x/C4130809.JPG

If patient, this will occur several times in a session.

The faster you hit 2%, the better.
  • #6,588
  • Aug 13, 2009 12:56pm Aug 13, 2009 12:56pm
Oops.. I got caught with my pants down I guess! The shown short AUDUSD trade was a loser. I entered it according to the smC4Candles indicator and immediately it went the other way and the bars changed to blue signaling a buy instead. I dumped the trade as fast as I could and went the other way with a 14 pip loss (ouch!).
This is part of trading.. no one can avoid losses. However, if I stayed with the trade I would have gotten a profit on it since the market went down afterwards. Oh well, just take it with a smile..
Attached Image (click to enlarge)
Click to Enlarge Name: C4_barebone_livetrades1.jpg Size: 155 KB
If it backtests good run it live!
  • #6,589
  • Aug 13, 2009 1:09pm Aug 13, 2009 1:09pm
Edge What is your SL ?

TOday 16 trades

14 W 2 L

Total 40+



Best Regards
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"Buy on fear, sell on greed !!!
  • #6,590
  • Aug 13, 2009 1:16pm Aug 13, 2009 1:16pm
Quoting Petar_Serbia
Edge What is your SL ?

TOday 16 trades

14 W 2 L

Total 40+



Best Regards
WOW!! Nice work...was this your first session using the new DX meter?

Very impressive!!

Keep it up.
  • #6,591
  • Aug 13, 2009 1:37pm Aug 13, 2009 1:37pm
Quoting Petar_Serbia
Edge What is your SL ?

TOday 16 trades

14 W 2 L

Total 40+



Best Regards
8% return for the day
4 X 2%
" Never let the past hold the future to ransom "
  • #6,592
  • Aug 13, 2009 1:57pm Aug 13, 2009 1:57pm
Thank you very much brothers....

Yes pilotui the frist seesion....

I wish to all of you that you have my results(and much better) every day



Seya
"Buy on fear, sell on greed !!!
  • #6,593
  • Aug 13, 2009 2:29pm Aug 13, 2009 2:29pm
A very simple way to stay with the trend thanks to the DX Dash.
For all struggling with counter trend trades change the MA settings on the dash to a larger number. Anything from 21 on up will help filter head fakes. I have mine set to 48 in the screen shots. It's obvious when my ma 8 3 6 gets crossed at a glance, trend and strength not always so obvious. Look how it helps re entering on a bigger move. Just an idea to keep you out of bad trades. It helped me on GJ - 9 pip spread!
Q
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The Only Constant Is Change!
  • #6,594
  • Aug 13, 2009 2:40pm Aug 13, 2009 2:40pm
Hello, Ladies and Gentleman !

I´m sorry, no Trading today. Just back from a standard 14h working Day !
I´m now having a Cup of a very wonderfull Darjeeling, read the Post´s and go back to the real Basic´s : "SLEEP REAL HARD" to be fit for another f***antastic Session in real Life !!!
Well, I´m on my way to change a bit with "a little Help of my friends" and maybe I can give something back, who know´s...???

OK, but not at Last:

HAPPY BIRTHDAY, CHRIS !

That all your (good) Dreams come true !!!

Attached Image
  • #6,595
  • Aug 13, 2009 3:12pm Aug 13, 2009 3:12pm
Quoting JazzmanQ2
A very simple way to stay with the trend thanks to the DX Dash.
For all struggling with counter trend trades change the MA settings on the dash to a larger number. Anything from 21 on up will help filter head fakes. I have mine set to 48 in the screen shots. It's obvious when my ma 8 3 6 gets crossed at a glance, trend and strength not always so obvious. Look how it helps re entering on a bigger move. Just an idea to keep you out of bad trades. It helped me on GJ - 9 pip spread!
Q
Excellent suggestion to set MA to 48 to filter trades for overall trend.
  • #6,596
  • Aug 13, 2009 3:14pm Aug 13, 2009 3:14pm
Whoever has this indicator, please send me a copy

thanks

Brian
([email protected])
  • #6,597
  • Aug 13, 2009 3:21pm Aug 13, 2009 3:21pm
Edge,

Traded your system today and got the following results:

6 losing trades for -42 pips

13 winning trades for 62 pips

2 trades at a wash 0 pips.

Net of 20 pips. 2% for a 10K account I plan on starting with when I go live. Thank you for giving me a system that is easy to follow and win.

I would have loaded the screens or the account history, but I do not know how.

I need to work on not taking such big losses. 3 for 12 pips and 1 for 10pips. Still struggling with exactly when to bail. Had I waited on one, one of the 12 pip loses would have been a winner. Basic training continues. Thanks again.
  • #6,598
  • Aug 13, 2009 3:29pm Aug 13, 2009 3:29pm
Quoting golden1
Whoever has this indicator, please send me a copy

thanks

Brian
([email protected])
I searched the net and couldn't find it either.
If you only trade long, then you can't always be wrong.
  • #6,599
  • Aug 13, 2009 3:40pm Aug 13, 2009 3:40pm
Quoting golden1
Whoever has this indicator, please send me a copy

thanks

Brian
([email protected])

Hi, try this one:

Attached File(s)
File Type: ex4 MOM-TC_v2.ex4   4 KB | 569 downloads


Attached File(s)
File Type: mq4 MOM-TC_v2.mq4   4 KB | 727 downloads


I hope it is the one you are looking for.
If there are pips you can collect - just do it!
  • #6,600
  • Aug 13, 2009 3:43pm Aug 13, 2009 3:43pm
Quoting Edgetrader
And I will oblige.

Nice give and take going on between yourself, Frank, FXStar and Glen. Several good points for each in your postings.

The 75% mental is indeed directly connected to the discretionary aspect of trading this methodology. I am aware everyone would love to have the 25/75 reversed, but that just not they way I think trading occurs.

So, let me address as many items as I can here by you four in general.

1. Demo Trading - I am not built to just throw something out there and say "Here, go trade this and enjoy your life"....

Hello Edge,

Messege received !!! Glad to have a Masterchief like you !!!
Try to be back on Track...

all the best...
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